All articles by Tynan Barton – Page 39
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ArticleHow can employers incorporate the tax-free childcare scheme into their caring benefits policies?
Need to know:The government’s new tax-free childcare scheme is due to launch from early 2017 and will take the responsibility of providing access to childcare support away from the employer.The existing childcare voucher scheme will remain open to new entrants until April 2018.Employers should encourage employees to assess their own ...
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Case StudiesAdmiral Group provides tools to help staff manage financial concerns
Insurance group Admiral offers its employees financial education through its Ministry of Money programme.The Ministry of Money, represented by a green pig, is designed to be a humorous way to get more serious messages across to the workforce. Admiral also runs a Ministry of Health to focus on health and ...
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ArticleHow to encourage employees to talk about finances in the workplace
Need to know:Unsecured debt in UK households is at a record high.A financial education programme to address sensitive financial issues should incorporate all benefits, including employee assistance programmes (EAPs) and retail discounts.Employers can use a range of communication methods, but they must assure employees that they can discuss sensitive subjects ...
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ArticleThe top issues a financial education strategy should incorporate in 2017
Need to know:Giving employees guidance around effective retirement planning is a key issue that a financial education strategy should focus on in 2017.Financial wellbeing in the context of broader employee wellbeing is also set to continue to be a key trend.Employers will also need to consider educating staff about alternative ...
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Case StudiesThe benefits offered by Norton Rose Fulbright
The workplace benefits on offer at Norton Rose Fulbright include:PensionGroup personal pension for all employees, with a 1% employer and 1% employee contribution.The employer offers matching contributions up to a 5% employee contribution.The organisation auto-enrolled in 2013, and auto-re-enrolled in November 2016.Group riskGroup income protection, employer paid.Life assurance, employer paid.Healthcare ...
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Case StudiesNorton Rose Fulbright engages employees with reward and benefits platform
In 2016, Norton Rose Fulbright focused its benefits strategy towards creating a proposition that engages all employees.With 1,100 employees and 200 partners in the UK, the law firm committed to review and refresh its benefits each year to make sure they are fit for purpose and that employees are engaging ...
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Case StudiesUniversity of Reading recognises employees with gift cards and vouchers
The University of Reading awards vouchers or gift case to staff in recognition of a job well done.Its online recognition scheme, Celebrating Success, was introduced in 2012 as a means for managers to offer employees an immediate reward, as opposed to waiting for the annual pay review or payroll cycle. ...
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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 ...