All Employee Benefits articles in Web Issue – Page 221
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Article
Centrica extends total reward statements
Centrica has extended total reward statements to 1,800 more employees and moved them online for the first time.The company previously offered paper-based statements to 200 managers, but this year rolled them out to a further level of management, and plans to extend them to the whole workforce, where possible, in ...
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Article
DB pensions move into surplus with £38bn increase in funding positions
The funding positions for defined benefit pensions improved by a record £38 million in November, helping to move the schemes into surplus.The Aon200 Index, which tracks the funding position of the 200 largest privately sponsored pension funds, shows the overall funding position went from a £15 billion deficit at the ...
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Article
Reckitt Benckiser aims for global unity with share plan
Reckitt Benckiser is launching a three-year global stock profit plan designed to focus the efforts of staff in 42 countries behind the company's overall performance, rather then their own local business units.The plan, which excludes the UK and US and was last run three years ago, goes live in February ...
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Article
N Brown Group launches profit-share scheme to reward entire workforce
N Brown Group has launched a profit-share scheme for 2,200 employees who are not eligible for its management bonus plan.The mail-order retailer introduced the scheme following an employee survey in March this year, which indicated that staff did not feel they were being rewarded fairly for the contribution they made ...
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Analysis
Employers should inform staff of pension investment options amid stock market volatility
Stock market volatility may be cause for concern for member of DC†pension schemes, so employers must ensure that they are kept informed about their investment options, says Katrina McKeeverA common gripe among employers is that staff often fail to engage with their defined contribution (DC) pensions provision, particularly when it ...
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Analysis
Employers must avoid Big Brother approach to employee health
Employers should try to look after employees' health, but must not seem like Big Brother, says Katrina McKeeverFrom lunchtime weight-loss clinics to smoking cessation sessions and blood-pressure monitors linked to computers, some employers have expanded their health and wellbeing benefits far beyond the traditional approach of providing private medical insurance ...
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Analysis
The new year will present benefits practitioners with many challenges
The new year will present many challenges for benefits practitioners, says Tom WashingtonA new year normally represents a fresh start and a time of opportunity. But as 2009 gets closer and the threat of recession draws ever nearer, employers are preparing themselves for a tough year. The past 12 months ...
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Article
Government rethinks buyout costs rules
The government has begun an informal consultation on reforming section 75 rules on the buyout costs affecting multi-employer schemes where a number of employers, including those in the same group of companies, all have members in the same pension scheme. Currently, employers leaving such agreements have to pay the full ...
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Article
Voluntary perks step out of the shadow of flexible benefits schemes
Voluntary benefits should be integrated with the total perks package, says David Wall, managing director of LogBuyThe popularity of voluntary benefits programmes has increased immensely in recent years, as highlighted by the findings of the Chartered Institute of Personnel and Development's (CIPD) Reward management survey 2008, which concluded that voluntary ...
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Article
How to maximise return on investment in a voluntary benefits scheme
Employers can maximise the return on investment on their voluntary benefits schemes by adding value to their mix of perks, says Jenny KeefeTo read the full Employee Benefits Voluntary Benefits and Salary Sacrifice supplement, Click hereMain article:Worries about job losses and soaring bills have prompted many Britons to tighten household ...
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Article
What to consider when selecting a voluntary benefits provider
Cost, communications expertise and the provision of management information services are among the factors to be considered when choosing a voluntary benefits provider, says Nicola SullivanTo read the full Employee Benefits Voluntary Benefits and Salary Sacrifice 2008 supplement, Click hereMain article:Voluntary benefits schemes are often seen as the icing on ...
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Article
Aligning voluntary benefits with corporate social responsibilty
Greater awareness of ethical issues is pushing employers to align voluntary benefits with a corporate social responsibility strategy, says Katrina McKeeverMany employers have begun to capitalise on the growing awareness of ethical business practices by adopting a corporate social responsibility (CSR) strategy. This can help to offset any criticism the ...
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Article
Flexible benefits – an introduction
Flexible benefits - an introduction Download (pdf 2.7MB)
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Article
The benefits of salary sacrifice around pension contributions
Pensions salary sacrifice is still going strong, but what will forthcoming reforms mean for plans, asks Katrina McKeeverTo read the full Employee Benefits Voluntary Benefits and Salary Sacrifice 2008 supplement, Click hereMain Article:Pension contributions offered through salary sacrifice remains a popular benefit, particularly as employers look for ways to make ...
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Article
Editor's comment
In these cash-strapped times, interest in voluntary benefits and salary sacrifice schemes is sure to gather pace among employers and employees.Voluntary benefits enable employers to provide a benefits scheme that costs little, but which will also hit a spot with staff because of the savings they can make through discounts ...
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Case Studies
Case Study: Amey
Amey uses clever communication techniques to boost the value of its voluntary benefits scheme in employees' eyes.The consultancy, which works in the highway, railway and property sectors, has 9,000 staff working across 100 sites.Mark Bradshaw, head of reward and policy, says: ""Communication is always an interesting challenge because a lot ...
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Case Studies
Case Study : Canon
Camera manufacturer Canon has targeted its voluntary benefits offering at helping the company to click with new recruits.The firm offers a slew of voluntary perks, including private healthcare, childcare vouchers, gym membership and holiday discounts.Caroline Price, HR director, UK and Ireland, says: ""Voluntary benefits add value to a recruitment package. ...
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Case Studies
Case study: Mills & Reeve:
Law firm Mills & Reeve has gone through the selection process for a voluntary benefits provider on more than one occasion.In 2007, the law firm set up a new voluntary benefits scheme after switching providers to avoid additional costs. It had pulled its scheme with Bringme after the provider decided ...
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Case Studies
Case Study: Northgate Information Solutions
Northgate Information Solutions has added a range of ethical products to its benefits package, selecting providers according to their corporate social responsibility credentials.It offers staff a range of ethical voluntary benefits including carbon offsetting, payroll and charitable giving, and the option to take time off to take part in local ...
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Article
Government tackles the pay gap in Equality Bill
The government has announced plans to address the gender pay gap during the state opening of Parliament, through measures contained in the Equality Bill.Introduced during the Queen's Speech, the bill which is is designed to strengthen and consolidate nine existing anti-discrimination laws, increase transparency and help tackle the gender pay ...