All articles by Vicki Taylor – Page 4
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Analysis
Segmenting the workforce for benefits provision
Breaking a workforce down into specific segments may help employers get the best from their benefits package, as targeting marketing at these groups could significantly boost buy-in, says Vicki TaylorCase study: Friends ProvidentArticle in fullHistorically, employee benefits have been provided as a one-size-fits-all solution. Now there is an increasing awareness ...
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Analysis
Feature - Focus on international: International attempts to secure pensions
Pensions provision is in trouble around the world, so Vicki Taylor looks at solutions to funding issues and ponders which strategies have the best chances of successIf you read nothing else, read this ...An increasing number of retirees combined with declining birth rates have helped to cause pension shortfalls worldwide. ...
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Analysis
Age discrimination: the effect on benefits
HR practitioners faced with new, unclear age laws will have to wait for precedents to be set, says Vicki TaylorCase study: PricewaterhouseCoopersArticle in fullPensions are one of the trickier areas covered by the age discrimination legislation. Although many exemptions exist, for example, around minimum and maximum entry ages and waiting ...
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Analysis
The merits of benefits versus cash incentives
Case studies: SAP, NikeArticle in fullWhen trying to motivate staff to achieve particular goals employers can use a number of incentives, ranging from bottles of wine and weekends away to cold hard cash. But it's tricky to decide whether a cash incentive scheme or non-cash benefits are most appropriate, especially ...
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Analysis
Outsourcing pensions vs. in-house administration
Vicki Taylor asks if it’s more cost effective for an organisation to outsource its pensions administration to an external provider than to run a scheme in-houseIf you read nothing else, read this …Opinions are split as to whether it is more cost effective for employers to outsource pensions administration or ...
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Article
Age laws push Lloyds TSB to act on flex
Lloyds TSB is to increase the maximum age at which staff can obtain products offered through its flexible benefits scheme to ensure it complies with age discrimination legislation. Many products offered, including private medical insurance (PMI), health screening, life assurance and critical illness cover, currently have a cut-off age of ...
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Analysis
Academic motivation theories in practice
Academic theories behind employee motivation offer a number of suggestions as to factors influencing performance, Vicki Taylor questions how these can work in practiceCase study: B & QArticle in fullKeeping employees motivated is a key task for any human resources department, but finding the best way to do so is ...
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Article
McAlpine to launch share incentive plan
Alfred McAlpine plans to launch a share incentive plan (Sip) later this year to add to its existing sharesave scheme. The plan, which currently has an October launch date, will be open all 9,000 staff across the company. It is still being decided whether participants will just be allowed to ...
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Article
News update - EDF looks to energise staff to take up final salary pension
EDF Energy plans to boost take-up of its final salary pension scheme with a new communications drive. It is a move which goes against the trend of closing defined benefit (DB) schemes and supports EDF's introduction of a new final salary plan in 2004. The company will specifically target employees ...
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Article
Tax savings ripe for copying
Substantial tax savings and greater powers of control have prompted Xerox to drop private medical insurance in favour of creating a healthcare trust fund.The new scheme, which is offered to all employees of the electronic imaging firm as a core benefit, is exempt from insurance premium tax - typically set ...
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Article
Sony BMG gives staff cash value of benefits including insurance perks
Sony BMG Music Entertainment UK has launched a flexible benefits scheme to give all staff equal access to perks following the merger of Sony and BMG. Under the new package, employees receive the cash value of their previous benefit entitlement, which included perks such as pensions, private medical insurance, income ...
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Analysis
Focus on pensions: Bulk annuity market stirs up
As employers seem evermore ready to lighten their balance sheets of heavy final salary liabilities, rescuers assemble in the defined benefit buyout market, says Vicki TaylorIf you read nothing else, read this ...The dominance of the bulk annuity market by providers Legal & General and Prudential looks set to be ...
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Article
Absence management cuts premiums for Avaya UK
Avaya UK, the communication systems company, has secured a £31,000 reduction on its annual income protection premium by implementing an absence management system across the business. It was offered the discount, which reduced its premium from £292,000 to £261,000 a year, by provider Friends Provident in return for putting an ...
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Article
Coutts banks on wellbeing pilot for boost in employee engagement
Coutts bank and Direct Channels, both part of the Royal Bank of Scotland (RBS), have launched health and wellbeing pilots to help boost employee engagement and productivity.The 2,300 employees involved in the pilot are taking part in a range of initiatives, including health fairs where staff can have their blood ...
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Article
News update - Dismay as Brown axes HCIs
Employers have been left disappointed and frustrated by the government's decision to remove the tax benefits linked to home computing initiatives (HCI), while an industry built on the back of the benefit has been left in tatters.The plan to scrap HCI from 6 April was outlined in the background information ...
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Article
O2 aligns pension plan to Muslim ethics
The mobile phone network O2 is making a number of changes to its pensions arrangements in response to pensions simplification, age discrimination legislation and the increasing diversity of its workforce.It is allowing employees to stay on at work beyond the current retirement age of 60 years to 65 years. The ...
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Analysis
Selecting providers for salary sacrifice schemes
While salary sacrifice attains de rigueur status, how employers select their providers can be a fine science, says Vicki TaylorWith salary sacrifice schemes catching on like wildfire and the number of potential suppliers swelling in response, many employers are now organising a beauty parade of providers, either in-house or through ...
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Article
Futuremedia launches share plan for staff
The employee benefits provider, Futuremedia, is launching a share incentive plan (Sip) for its staff.The scheme, which is being introduced this month and is open to all employees, will run alongside the company's existing enterprise management incentive (EMI) scheme which awards shares to all staff.Employees who opt in to the ...
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