All articles by Tynan Barton – Page 39
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AnalysisHow to engage employees with corporate gift cards
Need to know:To engage employees with corporate gift cards, organisations should involve staff in the creation of a scheme.If employees have an input into the parameters of an incentive scheme, they are more likely to show greater appreciation of a reward.Offering employees a choice of reward will also increase engagement ...
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ArticleGovernment to consult on measures to tackle pension cold calling
Autumn Statement 2016: Chancellor Philip Hammond has announced plans to tackle pension cold calling.In his Autumn Statement, Hammond said that the government plans to publish a consultation on options to tackle pension scams including a ban on cold calling in relation to pensions, giving organisations greater powers to block suspicious ...
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ArticleGovernment invests in ultra-low emission vehicles and infrastructure
Autumn Statement 2016: Chancellor Philip Hammond has announced that the new National Productivity Investment Fund (NPIF) will invest in ultra-low emission vehicles (ULEVs).In his Autumn Statement speech, Hammond announced an investment of £390 million by 2020-21 in ULEVs, renewable fuels, and connected and autonomous vehicles (CAVs). This includes £80 million ...
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ArticleEmployer and employee national insurance thresholds to be aligned
Autumn Statement 2016: Chancellor Philip Hammond has announced that employer and employee national insurance (NI) thresholds will be aligned from April 2017.This will see both employees and employers start paying NI on weekly earnings above £157. This will simplify the payment of NI for employers.The current thresholds for 2016/17 stand ...
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ArticleEnter the Employee Benefits Awards 2017 to showcase exceptional benefits strategies
The Employee Benefits Awards are returning for their 15th year in 2017 and are now open for employers to enter to showcase their exceptional work.The Employee Benefits Awards are an opportunity for employers to demonstrate and celebrate the outstanding work they have carried out on their reward and benefits strategies, ...
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Case StudiesThe benefits on offer at Goodman Masson
The workplace benefits on offer at Goodman Masson include:PensionStakeholder pension with a 1% employer and 1% employee contribution.Goodman Masson went through auto-enrolment in 2014.Group riskGroup income protection, employer-paid for some employees.Critical illness insurance, employer-paid for some employees.Healthcare and wellbeingPrivate medical insurance, voluntary basis, employee-paid.Eyecare vouchers, employer-paid for all employees.Personal accident ...
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Case StudiesGoodman Masson takes an innovative approach to employee benefits
With an employee base that consists mainly of sales-related roles, Goodman Masson recognises the importance of offering a varied benefits package in order to retain and motivate staff.The financial recruitment organisation has been placing finance professionals in all industry sectors for over 20 years and roles in its 140-strong workforce ...
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ArticleEY offers flexible working to support work-life balance and business performance
Employee Benefits Live 2016: EY promotes flexible working among its employees in order to support a high-performance culture and a diverse workforce.Addressing delegates in his keynote speech at Olympia National, London, Steve Varley, UK chairman and managing partner at EY, spoke about why a diverse workforce and an inclusive culture ...
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ArticleSiemens builds family-friendly culture through promotion of shared parental leave
Employee Benefits Live 2016: Siemens promotes shared parental leave to all of its employees.With a largely male employee population, representing 78% of its 14,000 UK employees, the introduction of shared parental leave (SPL) in Siemens was quite a cultural challenge.Addressing delegates at Employee Benefits Live 2016, Wendy Jepson, HR policy ...
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Case StudiesJanssen takes a holistic approach to supporting employees’ mental wellbeing
As a healthcare organisation, Janssen is committed to helping its employees improve their mental and physical health.The research-based pharmaceutical organisation, which is part of the the Johnson and Johnson group, takes a proactive approach to employee wellbeing. Charlie Hamlin, organisation effectiveness manager, says: “Prevention, and health and wellbeing, is very ...
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Case StudiesWellcome Trust trains employees in mental health first aid
Mental health first aid training has helped the Wellcome Trust deal with a number of mental health issues presented by employees.The medical research charity introduced a pilot mental health first aid training scheme with Mental Health First Aid for England in 2015, and fully launched in the beginning of 2016. ...
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AnalysisHow to break the taboos around mental health in the workplace
Need to know:Although there is a lot of awareness around mental ill health, there is still a stigma attached to discussing it in the workplace.Employers should promote initiatives that can help support mental wellbeing such as an employee assistance programme (EAP), occupational health, and mental health first aid training.Creating open ...
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Case StudiesThe benefits offered by Misys
The workplace benefits offered by Misys include:PensionA group personal pension open to all employees. Misys offers a matching contribution scheme if the employee contributes up to 6%, 8% or 10%, depending on job level.Group riskGroup income protection: employer-paid, the default level is 75%, and employees can flex up or down.Critical ...
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Case StudiesMisys places focus on employee engagement and wellbeing
Having been through a number of acquisitions and a benefits harmonisation project in recent years, financial services software provider Misys is now primarily focused on the health, wellbeing and engagement of its employees.For Anne Teggart, global head of benefits, a major part of the harmonisation was to review the company’s ...
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ArticleBuyer's guide to total reward statements 2016
The facts:What is a total reward statement?It is a document outlining the full value of the benefits package an employee receives, including salary, pension and shares. It can also include data about non-financial benefits, such as health and wellbeing and workplace training.Where can employers get more information?See the Employee Benefits ...
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Article
14, 15, 17, 18 Is there a place for personalisation in a benefits and reward strategy?
Need to know:The personalisation of employee benefits can be traced back to the 1980s, when the term referred to employers offering staff a wide choice of benefits to take up, typically on a flexible or voluntary basis, in the hope that they would appeal to at least some of their ...
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AnalysisHow to construct a market-leading global benefits strategy
Need to know:A global benefits strategy will usually consist of a set of over-riding reward philosophies that are applied differently in different countries.A benefits strategy should be designed with clear objectives in mind, including how it aligns with the employer’s business strategy.Some benefits, such as share plans or fitness initiatives, ...
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Case StudiesWithers reviews global benefits offering
Global benefits is currently a hot topic for law firm Withers, which has opened six new international offices in the past 18 months and hired many new employees.Working with its benefits consultancy, Willis Towers Watson, it has looked at ways in which it can improve its global offering over the ...
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Case StudiesAberdeen Asset Management uses robo-advice to promote awareness of pension changes
Aberdeen Asset Management introduced a robo-advice platform to help employees fully understand the complex pension changes that came into effect on 6 April 2016, specifically the changes to the annual allowance and lifetime allowance for high earners.The financial services organisation worked with Lemonade Reward to introduce a platform whereby employees ...
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AnalysisWhat role does robo-advice play in a financial education strategy?
Need to know:The Financial Conduct Authority (FCA) estimates that there are 16 million people in the ‘advice gap’: those that need financial advice but cannot afford it.While the retail distribution review (RDR) made the advice charging process more transparent, it also made it more expensive by raising standards.Robo-advice is seen ...