All Employee Benefits articles in Web Issue – Page 211
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Article
Reward specialists are highest paid in HR
Reward and compensation professionals remain the highest paid HR specialists according to the Chartered Institute of Personnel and Development (CIPD) and Croner's reward and pay survey.The study, Personnel Rewards Survey, shows that reward practitioners receive 18% above the average senior management HR salary, up from 16% in 2007.The average salary ...
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Article
BBC and Royal Mail pension schemes are hit by falls in the stock market
Pension schemes at Royal Mail and the BBC are among the latest to have been hit by turbulent market conditions in the last few months.Royal Mail's pension accounting deficit has increased by more than £1bn from £2.9bn to £4bn since March as a result of heavy falls in the stock ...
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Article
JCB staff take pay cut to save jobs
Staff at JCB have voted to take a £50-a-week pay cut in order to prevent 350 colleagues losing their jobs amidst the financial turmoil.Around 2,500 production staff based at seven different factories have agreed to work a four day week. The 34-hour week will commence on November 3 and will ...
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Article
Value of DC pensions drops GBP157bn in a year
Nearly £157bn has been wiped off of the value of defined contribution (DC) pension funds in the past year.In October 2007, the value of DC pension assets stood at just over £552bn, however by October this year, the value had dropped by just over a quarter (28%) to approximately £395bn. ...
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Article
BA pension deficit stalls merger talks with Iberia
British Airways' increasing pension deficit is reportedly becoming an obstacle in its all-share merger with Spanish carrier Iberia.The deficit in BA's defined benefit (DB) pension scheme is said to have reached £1.74 billion in September, a huge increase on the £400 million in the latest full year accounts. Stock market ...
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ITV to review reward criteria for future senior executives
Television broadcaster ITV will be reviewing the way it rewards senior executives in the future as part of a normal business review.The television broadcaster has confirmed that it will be assessing the criteria of its long term incentive plan (LTIP), which sets executive performance targets. The current scheme was put ...
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Article
More older women working than men
More older women are working than ever before and they now outnumber their male counterparts in the workplace, according to statistics published by the Office for National Statistics (ONS) today.The report shows that in the five years leading up to the male pension age of 65, 58.4% of men are ...
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Article
Pensions Regulator urges pension trustees to make 'sound decisions'
The Pensions Regulator has urged trustees to continue to focus on making 'sound decisions' in the long-term interest of pension scheme members during a time of uncertain market conditions.In a statement issued to trustees of all work-based pension schemes, the regulator asked trustees to remain vigilant and keep the position ...
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Article
NXP revamps voluntary benefits
NXP has revamped its voluntary benefits programme to add perks that cater for grass roots employees working in its manufacturing sites.All 950 staff at the firm, which was part of Philips until 2006, will have access to a range of voluntary benefits including retail vouchers and discounts on days out ...
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The Royal Borough of Kingston launches voluntary benefits
The Royal Borough of Kingston is launching a new voluntary benefits programme for its 4,000 employees this month in a response to a staff survey revealing decreasing levels in pay satisfaction.‘One Council One Reward’ is a bespoke scheme that will enable employees at the council to enjoy a range of ...
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Article
Benefits vital as international assignments double
The number of employees on international assignments has doubled over the last three years as part of the continuing trends towards globalisation, forcing employers to rethink their benefits provision.Mercer’s 2008/2009 Benefits Survey for Expatriates and Globally Mobile Employees found that 47% of firms have increased deployment of staff on traditional ...
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Article
Indepth research: flexible benefits in an SME
Click here to read: Sarah Matthews: Evaluating staff benefits for an SME with a diverse staff populationIf you would like to correspondent with Sarah on this report click here to email her
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Article
House of Lords rejects compulsory annuitisation
The House of Lords has voted to keep the age of compulsory annuitisation at 75 during its debate of the Pensions Bill.The House of Lords rejected amendments made by the Liberal Democrats to the Pensions Bill for annuitisation extension for people aged 85 to 80. An earlier amendment tabled by ...
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Article
Wessex Water launch VB programme in record time
29th October 2008The South West’s primary water provider, Wessex Water, launched their new voluntary benefits scheme with Asperity Employee Benefits in record time last month.The tailor-made scheme, Wessex Water Reward Gateway, was implemented just one week after Asperity’s successful pitch. The scheme offers Wessex’s 1800 employees a range of discounts ...
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Article
Wessex Water launch VB programme in record time
29th October 2008The South West’s primary water provider, Wessex Water, launched their new voluntary benefits scheme with Asperity Employee Benefits in record time last month.The tailor-made scheme, Wessex Water Reward Gateway, was implemented just one week after Asperity’s successful pitch. The scheme offers Wessex’s 1800 employees a range of discounts ...
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Article
Pension Protection Fund's deficit could increase during downturn
The Pension Protection Fund (PPF) has warned its deficit could increase as more organisations become insolvent during the economic downturn.This will be a marked change from the 2007/08 financial year, during which it managed to reduce its deficit from £609m to £517m, according to the PPF's annual report. Chairman Lawrence ...
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Sarah Matthews: Evaluating staff benefits for an SME with a diverse staff population
This project examines whether flexible benefits are a realistic option for the diverse group of individuals employed by Company X – an organisation providing private and NHS healthcare services. The Company employs 68 staff, aged between 20 and 66 years, across four sites.Click to download: Evaluating staff benefits for an ...
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Article
Wessex Water launch VB programme in record time
The South West’s primary water provider, Wessex Water, launched their new voluntary benefits scheme with Asperity Employee Benefits in record time last month.The tailor-made scheme, Wessex Water Reward Gateway, was implemented just one week after Asperity’s successful pitch. The scheme offers Wessex’s 1800 employees a range of discounts and offers ...
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Article
Alexander Forbes Financial Services appoints new HR director
Alexander Forbes Financial Services has appointed John Hubner as the company’s new HR Director.Hubner will lead the HR team at Alexander Forbes, which he joins from Legal & General where he held the role of head of HR for service operations, followed by head of HR for sales, protection and ...
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Article
Heath Lambert introduces new healthcare perks
Heath Lambert Group has introduced a case management service for its private medical insurance (PMI) scheme and a healthcare cash plan for its 1,500 employees. Under the new arrangement, the insurance broker will continue to self insure its own PMI cover but the BHSF-provided healthcare cash plan will pick up ...