All articles by Tynan Barton – Page 40
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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 ...
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ArticleHow to determine which group risk benefits best suit an organisation
Need to knowMany employers take a one-size-fits-all approach to group risk benefits, but some offer employees choice through flexible or voluntary benefits schemes.Employers can use data sets such as claims data, absence data and occupational health data to form a health-risk profile, which can then determine which group risk benefits ...
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OpinionJoe Ahern: Group risk benefits and the work and health agenda
The changing nature of the UK workforce, driven by an ageing population, presents huge challenges for policymakers, businesses, and other stakeholders. Group risk benefits have a vital role to play in meeting this challenge. Group life, group critical illness, and group income protection (GIP) all address specific risks that are ...
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Case StudiesThe benefits offered by Oscar Mayer
The workplace benefits offered by Oscar Mayer:PensionGroup personal pension to meet auto-enrolment responsibilities.Healthcare and wellbeingPrivate medical insurance for senior management, employer-paid.Health cash plan for all employees.On-site visits from healthcare professionals.Personal accident insurance through voluntary benefits scheme.Employee counselling and support through Grocery Aid.Voluntary benefitsRetail discount portal.Will writing.Legal cover.Company carsCompany car on ...
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Case StudiesOscar Mayer focuses on benefits with universal appeal
With job roles ranging from new product development through to cooking and food preparation, Oscar Mayer recognises the importance of having a benefits approach that holds a universal appeal for all employees.The food production organisation supplies prepared food to major supermarkets in the UK, operating from three main locations: Oscar ...
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ArticleBuyer's guide to childcare vouchers 2016
The factsWhat are childcare vouchers?This is a government-backed scheme to help working parents afford quality childcare. Depending on their income, parents can receive childcare vouchers worth up to £243 a month from their employer, free of tax and national insurance (NI) contributions. Vouchers can be used for a range of ...
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Case StudiesVisualsoft focuses on employee happiness via online survey
Web development organisation Visualsoft uses a number of ways to measure employee engagement. The main method is an online weekly micro-survey. This allows its 220 employees to anonymously answer questions set by the business. The questions measure employee feedback across nine main areas: communication and transparency, company 360, culture, personal ...
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AnalysisWhat are the best approaches to measuring employee engagement?
Need to knowMeasuring employee engagement should be an all-employee exercise.It can take place once a year through a survey, or be continual, using every opportunity available to gauge employees’ engagement levels.Employee benefits can play a key part in a wider engagement strategy.Employee engagement is highly regarded as a key factor ...
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Case StudiesThe benefits offered by SAS Software
The workplace benefits offered by SAS Software:PensionDefined contribution (DC) stakeholder plan for all employees as a core benefit.Employer contribution levels are 6.5% for up to two years' service, 10% for over two years.Minimum employee contribution of 2.5%.Employees with more than two years’ service can choose to reduce their employer contribution ...
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Case StudiesSAS Software offers choice and support to staff
For SAS Software, a key component of its benefits philosophy is that it offers its employees choice to enable them to pick benefits that support them throughout their career, while retaining a sense of being a paternalistic employer.Its UK headquarters, situated on a 110-acre estate on the bank of the ...
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ArticleMeet the industry experts at Employee Benefits Live 2016
Delegates at Employee Benefits Live 2016 will have the opportunity to network with providers, advisers and consultants from the reward and benefits industry on the bustling exhibition floor.This year, Tastecard/Gourmet Society is the headline sponsor of the two-day event, which will take place on Tuesday 11 and Wednesday 12 October ...
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ArticleBuyer's guide to private medical insurance 2016
The facts:What is private medical insurance?Private medical insurance (PMI) is a health insurance that covers employees for the treatment of curable, short-term medical conditions or accidents. Cover can include consultations, diagnostic tests, and in-patient and out-patient procedures.What are its origins?The roots of PMI can be traced back to the late ...
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ArticleSave the date for Employee Benefits Live 2016
This year’s Employee Benefits Live will take place on Tuesday 11 and Wednesday 12 October 2016.Employee Benefits Live, Europe’s largest dedicated employee reward and benefits event, will be held at Olympia National, London.The event’s market-leading, comprehensive conference programme will see some of the industry’s leading thinkers provide expert advice and ...
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ArticlePovey joins Archroma
Debi Povey has joined Archroma as interim head of reward. In this role, Povey will be responsible for delivery of key reward activities.Povey’s experience includes head of reward at online gaming business bwin.party digital entertainment, where she previously held the role of reward manager, as well as senior reward analyst ...