All articles by Tom Washington – Page 8
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Company car drivers seek employers help to reduce fuel bills
Company car drivers want their employers assistance in reducing their fuel bill, according to research by fleet funding and management firm Lex Autolease.The survey of 3,000 UK company car drivers, undertaken to identify attitudes to fuel consumption, found that almost all (95%) of drivers surveyed want to reduce their fuel ...
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Thomas Cook appoints fleet management firm
Thomas Cook UK has signed a four-year sole supplier agreement with Lex Autolease to manage its fleet of vehicles across UK and Ireland.Services provided by Lex Autolease will include Minilease, a solution which offers low rates and convenient monthly billing, without any long-term commitments, and the Lex Autolease interactive online ...
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Ministers protest about childcare voucher plans
Labour MPs have asked Gordon Brown to rethink his decision to scrap tax breaks on childcare vouchers, warning that the move could cost the party crucial votes in the next general election.According to reports, Patricia Hewitt, Estelle Morris, Hilary Armstrong, Beverley Hughes and Caroline Flint are among the signatories on ...
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BBC to trim senior management remuneration
The BBC Trust has endorsed a new pay strategy that will see it cut the amount it spends on paying its senior managers by 25% over the next three and a half years.It has also agreed to a proposal to freeze the pay of executive board directors for a further ...
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Ministers call for evidence on the default retirement age
Ministers are calling for businesses and individuals to submit evidence on the default retirement age to feed into the review taking place next year.The government is asking for evidence including:- The operation of the default retirement age in practice;- The reasons that businesses use mandatory retirement ages;- The impacts on ...
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BA cabin crew face allowance cut
Cabin crew at British Airways face having their compensation allowance cut as the airline continues its efforts reduce employment costs.The airline has proposed to scrap staff allowances - which are paid for days spent away from home and cover food and laundry costs while overseas - in favour of single ...
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DWP and Pada publish personal accounts consultation summary
The Department for Work and Pensions (DWP) and the Personal Accounts Delivery Authority (Pada) have published a summary of responses to the joint public consultation on the personal accounts scheme.The document summarises stakeholders’ views to the consultation questions and provides the government’s and Pada’s response.Earlier this year, the DWP and ...
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Employers must ensure staff value life assurance perks
Employers must ensure that workers value life assurance as a benefit and should review their rates to ensure they are getting the best value cover, according to Aon ConsultingAon Consulting's Employee Benefits and Trends Report 2009 found that 95% of companies offer some level of group life assurance to their ...
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Lloyds Banking Group sells Employee Equity Solutions
Lloyds Banking Group has announced that it has concluded a strategic review of its Employee Equity Solutions (EES) business, resulting in an agreement to sell it to Computershare for up to £40 million.EES offers a complete share plan service to over 400 companies in 100 different countries. This includes a ...
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P&MM launches experience voucher
P&MM has launched an incentive voucher that allows employees to choose what travel or experience they want based on the value of the reward they have earned, and decide when, where and how they want to use it.The U-Choose voucher is awarded by employers to staff who then have access ...
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Mercer research: Employers offer staff choice of benefits
Almost half of UK employers now give employees some form of choice in the benefits they receive, and a quarter of the remainder are also considering doing so, according to research by Mercer.The global survey, of more than 1,700 organisations, showed that the trend to offer benefit choice was notably ...
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City bonuses bounce back by fifty per cent
The bonus payout by the City for 2009 – to be paid at the start of 2010 – is forecast to rise to £6.0 billion, an increase of 50% compared with payments made earlier this year, according to data from the Centre for Economics and Business Research (CEBR).†However, this amount ...
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Ellipse enters group risk market
A new insurer, Ellipse, has entered the group risk market and will focus on providing group life cover through a limited number of major employee benefit consultancies.Part of the Munich Re Group, but operating separately to its UK reinsurance businesses, Ellipse will later add group income and critical illness contracts ...
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Cigna introduces child rates on dental plans
Healthcare provider Cigna has introduced child rates on its small corporate dental plans.From 1 October, child dependants will be charged at half the price of the full benefit but they will still beentitled to a full benefit allowance.Cigna’s head of product management, Kirsty Jagielko, said: “We recognise that materials, equipment ...
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CIPD to close defined benefit (DB) pension scheme
The Chartered Institute of Personnel and Development (CIPD) has announced it is to close its defined benefit (DB) pension scheme and replace it with a defined contribution (DC) plan.The HR and development professional body, which employs around 300 staff, said its existing DB scheme has suffered from unpredictable swings in ...
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New guidance on flexible working launched
The Equality and Human Rights Commission has launched new flexible working guidance aimed at improving employee productivity, lowering business costs and meeting the needs of modern families.Working Better: The managers’ guide to flexible working was launched by Commission chair Trevor Phillips at the Greater Manchester Chamber of Commerce’s Annual General ...
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UK boardroom pay drops 10%
UK plcs have squeezed senior executive pay and benefits in response to the recession, according to new figures from global management consultancy Hay Group.Hay Group’s Executive Compensation Report 2009 is based on analysis of salaries and incentives paid to almost 12,000 senior executives at close to 500 organisations during the ...
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Financial services workers expect bonus despite recession
Most financial services professionals (82%) in London expect to receive a bonus in the forthcoming 2009/10 round, despite the economic downturn, according to research by Morgan McKinley.Furthermore, the survey showed that almost eight out of ten (79%) of these individuals expect to receive a similar (40%) or higher (39%) bonus ...
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NAPFconference: Employee confidence in pensions returning
Employee confidence in pensions has improved since the end of last year, when the economy went into recession, according to the National Association of Pension Funds (NAPF).Confidence stood at 11% at the end of September this year, up from 7% in March and its low point of 1% at the ...
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Employees divided on changes made to reward
Employees are divided on how they receive changes to their reward package during the recession, according to research by PricewaterhouseCoopers (PWC).The study surveyed over 700 UK workers who have been impacted by changes to their reward (pay, benefits and bonuses), working hours or who work for organisations that have made ...