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VideoVIDEO: Simon Nash: Pay does not motivate staff
Pay is virtually unimportant in motivating employees, said Simon Nash, HR director at Carey Olsen, in an interview with Clare Bettelley, associate editor of Employee Benefits.“There is a myth in the world of HR and management that pay motivates, but most studies have proven that pay actually doesn’t motivate,” he ...
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VIDEO: John Hayhurst: How to communicate benefits to a diverse workforce
Hayhurst says: “We are such a diverse workforce, spread over hundreds of miles, from the north of Scotland all the way down to London.”The biggest challenge is getting a consistent message and consistent reward and benefits packages that fit both Scottish employees, Yorkshire employees, etc.”East Coast Mainline revamped its voluntary ...
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Video: Sarah Swift: Employers must get to grips with pensions guidance
Employers must get to grips with the huge volume of regulatory guidance that has been published on pension schemes in the last couple of years, according to Sarah Swift, pensions partner at law firm, Eversheds, during an interview with Clare Bettelley, associate editor at Employee Benefits.She said the task is ...
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Video: Chris Curry: Employer demand drives default fund evolution
Employer demand will drive pensions default pension fund development, said Chris Curry, director of the Pensions Policy Institute during an interview with Clare Bettelley, associate editor at Employee Benefits. “As with most things, there’s a supply and demand side [to the market], so I think if employers are really keen, ...
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Video: Madeline Forrester: Default investment strategy should be member-led
Employers’ default pension strategies need to be member-led and cater for their organisation’s average pension scheme member, said Madeline Forrester, head of institutional sales at Axa Investment Managers, during an interview with Clare Bettelley, associate editor at Employee Benefits.“[Employers] need a variety of talents within the group leading [the strategy], ...
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Video Simon Chinnery: Employers should focus on retirement income, not pot size
Employers should focus on their employees’ retirement income needs rather than the size of their pension pot when devising, implementing and managing their default pension fund strategy, said Simon Chinnery, head of defined contribution (DC) and chairman of the Defined Contribution Investment Forum, during an interview with Clare Bettelley, associate ...
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Video: LV= to move away from one-size-fits-all default fund
Insurer LV= is in the throes of assessing how to meet the retirement needs of its 5,500-strong workforce as part of a review of the suitability of its default pension fund, said Pete Strudwick, pensions and performance partner at LV=, during an interview with Clare Bettelley, associate editor at Employee ...
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Video: Spencer Roach: Diversity key to Cisco's new default fund
Diversity is at the heart of Cisco’s new default pension fund, said Spencer Roach, total rewards manager at Cisco System, during an interview with Clare Bettelley, associate editor at Employee Benefits. He added that the fund choice is underpinned by a lengthy selection process, to ensure that the employer’s final ...
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VIDEO: Debi Povey: Employee Benefits award put Bwin.Party on the map
Winning an Employee Benefits award put Bwin.Party on the map, said Debi Povey, head of reward at Bwin.Party, during an interview with Debbie Lovewell-Tuck, deputy editor of Employee Benefits.Bwin.Party won the award for ‘Best international benefits’ at the Employee Benefits Awards 2013.She added: “The award was because of a huge ...
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VIDEO: Elaine Nisbet: Entering Employee Benefits Awards offers many benefits
The benefits of entering the Employee Benefits Awardswas fantastic, said Elaine Nisbet, employee and learning resources director at City Health Care Partnership CIC.The benefits included going to the event, meeting other people and seeing what other employers are doing, she said during an interview with Jennifer Paterson, senior reporter at ...
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VIDEO: Brian Newman: Substitute engagement for involvement
Employers should substitute the word ‘engagement’ for ‘involvement’, said Brian Newman, vice president of HR at Live Nation International, during an interview with Debbie Lovewell, deputy editor of Employee Benefits.He added: “To me, it’s about using every opportunities to engage our employees in strategic direction, social events, with learning activites ...
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VIDEO: Richard Murray: Get recognition for a good reward strategy
“If you have a good reward strategy and a good benefits package then, by all means, you should be ensuring you get the recognition for that,” said Richard Murray, group pensions manager at FirstGroup, during an interview with Jennifer Paterson, senior reporter at Employee Benefits magazine.FirstGroup won the award for ...
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VIDEO: Sally Purbrick: Taking tough decisions about benefits
Difficult economic times have led to tough decisions about benefits, said Sally Purbrick, head of reward at Anglian Water, in an interview with Jennifer Paterson, senior reporter at Employee Benefits magazine.She added: “There’s one benefit in particular that we didn’t feel was getting a good [take-up], which was an online ...
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Ensure Employee Benefits Award entries stand out
Linking benefits to the culture of an organisation, taking a creative approach to the language used in communications and the personal touch were all qualities in entries that impressed the Employee Benefits Awards 2013 judges.For Jane Earnshaw, head of reward and recognition at Asda, BSkyB’s iPad benefit particularly stood out, ...
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VIDEO: Anne Teggart: Communicating benefits during tough times
Sapient has used internal resources to communicate employee benefits during tough economic times, said Anne Teggart (pictured), European compensation and benefits lead at the outsourcing firm, during an interview with Debbie Lovewell, deputy editor of Employee Benefits.She added: “We have an EU-[wide] benefits mailbox that we send all of our ...
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VIDEO: Irene Stark: Employee engagement provides commercial advantage
Employee engagement provides employers with a commercial advantage by encouraging high productivity levels and boosting morale, said Irene Stark (pictured), HR director at ATS Euromaster, during an interview with Debbie Lovewell, deputy editor of Employee Benefits.She added: “[A culture of engagement can be created] by looking at the right things ...
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VIDEO: Steven Poelmans: Work-life balance beneficial on many levels
A focus on work-life balance is beneficial from a macro level, societal level, organisational level and individual level, said Dr Steven Poelmans, professor and director of the Coaching Competency Center at EADA Business School in an interview with Debi O’Donovan, editor of Employee Benefits.He added: “Academic studies demonstrate a relationship ...
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VIDEO: Susan Gee: It is shortsighted not to invest in staff wellbeing
It is shortsighted not to invest in employee health and wellbeing, said Susan Gee, employee health and wellbeing manager at Yorkshire Water, in an interview with Debbie Lovewell, deputy editor of Employee Benefits.She added: “When you employ someone, they have got skills that are going to help you achieve your ...
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VIDEO: Tim Wells: The traditional expat benefits package is dying out
The traditional employee benefits package for expatriates is dying out, according to Tim Wells (pictured), former group global mobility manager at Britvic Soft Drinks, in an interview with Debi O’Donovan, editor of Employee Benefits.He added: “Employers are moving more towards giving their employees a locally-based compensation approach.”Wells attributed the shift ...
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VIDEO: Deborah Hargreaves: Pay ratios are a useful exercise
Employers should consider the pay ratio between the top executive and the average employee, said Deborah Hargreaves, director at the High Pay Centre, in an interview with Debbie Lovewell, deputy editor of Employee Benefits.She added: “I really think that’s a useful figure for them to look at.“That is not to ...