All Voluntary benefits articles – Page 6
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ArticleKavitha Sivasubramaniam: Promoting and communicating benefits adds to their value
As our Maximising Benefits Week in association with Tusker draws to a close, it is time to reflect on some of the trends and issues currently shaping this area of the benefits market.This dedicated week was designed to bring you exclusive insights and opinions, uncovering the latest trends and best ...
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Case StudiesSevern Trent Water places strong focus on health and wellbeing of employees
Severn Trent Water has positioned its benefits strategy to place a strong focus on the health, wellbeing and engagement of its 6,500 UK and Ireland-based employees.The organisation launched a virtual GP service in December 2018, available through its health cash plan and its contractual private medical insurance (PMI), in order ...
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Case StudiesThe benefits offered by Severn Trent Water
The benefits offered by Severn Trent Water:Pension, protection and payA defined contribution (DC) pension scheme for all employees, offering 2:1 matching contributions and a maximum 15% employer contribution.Group income protection, available for all staff on an employer-funded basis. This operates on a phased reduction model: once an employee's sick pay ...
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ArticleEXCLUSIVE: Moneysupermarket Group launches financial coaching and planning
EXCLUSIVE: Financial services comparison organisation Moneysupermarket Group has introduced a financial coaching and planning benefit for its 750 employees, in order to proactively support their financial wellbeing.The new benefit, provided by Hatch, offers employees a free session with a financial coach; the coach uses a software programme to visualise how ...
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ArticleOnly one day left until Employee Benefits Connect 2019
Employee Benefits Connect 2019, the one-day conference and exhibition for in-house senior HR, benefits and reward professionals, is taking place tomorrow (Wednesday 27 February 2019) at the Park Plaza Westminster Bridge.Delegates will be able to gain insights on and discuss leading trends in benefits and reward, thanks to an extensive ...
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Case StudiesSunrise Senior Living puts recognition at the heart of its benefits strategy
Private residential and nursing care home business Sunrise Senior Living centres its benefits strategy around peer-to-peer and top-down recognition, aligned with its business goals and principles of service.Primarily, this is achieved through the organisation’s Heart and Soul programme, which encourages its 5,000 UK-based employees to recognise colleagues that go over ...
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Case StudiesThe benefits offered by Sunrise Senior Living
The benefits offered by Sunrise Senior Living: Pension, protection and payA defined contribution (DC) pension scheme for all employees, delivered through a master trust. Contribution levels vary depending on seniority.Income protection is available for salaried employees on an employer-funded basis. This pays up to 70% of their basic salary for ...
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ArticleKavitha Sivasubramaniam: Finding flexible ways to reduce financial worries
As our Financial Wellbeing Week, in association with Wealth at Work, draws to a close, it is time to reflect on some of the trends and issues currently shaping this area of the benefits market.An increasing number of businesses are recognising the affects of financial worries on employees, particularly the ...
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ArticleAlmost two-fifths of employers do not view financial wellbeing strategies as a priority
Almost two-fifths (37%) of employer respondents that have no plans to implement a financial wellbeing strategy for staff state that this is because it is not a priority, according to research by Close Brothers Asset Management.Its Financial wellbeing index 2019 report, which surveyed 1,003 employers with 200 or more staff ...
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Case StudiesThe benefits offered by Addison Lee
The benefits offered by Addison Lee:Pension and payFive defined contribution (DC) pension schemes, which the organisation is looking to consolidate. These include pension schemes with National Employment Savings Trust (Nest) for approximately 500 employed UK chauffeurs, and with Aegon for management. Contributions vary according to seniority: employees and team leaders ...
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ArticleGrantley Hall launches employee engagement platform
Luxury five-star hotel Grantley Hall has launched a new employee engagement platform to help it attract and retain both local and global talent.The Grantley Gateway platform, provided by Reward Gateway, was initially introduced to the hotel’s 25 employees in September 2018, followed by an official launch in November 2018. The ...
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ArticleZurich launches new employee benefits and portal for 5,000 UK staff
Insurance organisation Zurich has updated its employee benefits offering for 5,000 UK employees, as well as launched an employee benefits portal to better support the organisation’s agile working culture and multigenerational workforce.The new portal, called Indigo, was introduced on 7 November 2018 for the organisation’s UK-based staff. Provided by Thomsons ...
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Supplier articleHow to foster better employee engagement through Voluntary Benefits: e-Book and Metropolitan Police Case study
Voluntary benefits schemes - such as salary sacrifice and cycle-to-work - have become a major talking point in recent times, particularly in light of changing regulations. Voluntary benefits schemes can make staff salaries go further and support their lives outside of the workplace. However, they need to be well designed ...
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ArticleEXCLUSIVE: Thames Valley Police launches voluntary benefits portal for 8,000 staff
EXCLUSIVE: Thames Valley Police, which has 8,000 employees covering 2,200 square miles and three counties, has introduced a voluntary benefits portal to help support staff both in and out of the workplace.The new benefit, provided by Xexec, was implemented on 22 August 2018 in order to augment the force’s existing ...
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AnalysisHow to use short-term strategies to motivate job-hoppers
Need to know:Mentoring, training and development are crucial to retaining employees, and should be implemented early on to catch those who are less likely to remain long-term.Younger employees are often motivated to stay in a job longer if they are offered flexible hours and the option of working from home, ...
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Case StudiesThe benefits offered by Weetabix Food Company
The benefits offered by Weetabix Food Company:Pension and group riskDefined contribution group personal pension plan, available for all employees alongside pre-existing defined benefit scheme, which closed in 2013.Healthcare and wellbeingPrivate medical insurance, employer-funded for all employees. Available for employees' family members as a flexible benefit.Dental insurance, employer-funded for all employees ...
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OpinionJulia Waltham: Childcare vouchers are crucial for working families
Childcare is a crucial issue for many families in the UK. For a large majority, their decision to work is dependent on the availability of good quality, local, and crucially, affordable childcare. But for many families, the numbers just do not add up. Family and Childcare Trust's Childcare Survey 2018, ...
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AnalysisHow can voluntary benefits promote a healthy work-life balance?
Need to knowA healthy work-life balance among employees can impact engagement, productivity, wellbeing, and ultimately have an affect on an organisation's profits.Core voluntary benefits such as health insurance and childcare vouchers are a solid foundation for any benefits strategy.Organisations should be innovative and holistic, providing benefits that reflect their own ...
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Case StudiesNewport City Council uses cycle to work scheme to boost work-life balance
Newport City Council employs approximately 5,500 staff, ranging from waste collectors to teachers and social workers, many of whom work long hours in high-stress roles, on top of which a lengthy commute might feel like yet more time taken away from other pursuits.Working with Halfords Cycle 2 Work, the council ...
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OpinionAoife Hamilton: Childcare vouchers and family-friendly ways to promote a healthy work-life balance
It is important to understand the challenges parents face in achieving their desired work-life balance.Striking the Balance: the impact becoming a parent has on working life, employment and career, a survey of 4,200 parents from across Northern Ireland published by Employers for Childcare in October 2016, revealed that 91% found ...