All Employee Benefits articles in Web Issue – Page 224
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Article
Waterford and Wedgwood pension shortfall cause for concern
The collapse of Waterford Wedgwood has cast doubt over future pension provision for some of its current and former employees, with estimates showing a pension scheme shortfall of more than £100m.The firm's interim financial results for 2008 showed the defined benefit pension scheme had a deficit of 147.9m EUROS (£137m), ...
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Article
Record numbers working unpaid overtime
A record 5.24 million people worked unpaid overtime last year according to the Trade Union Congress (TUC), who says fear of redundancy could be driving employees to put in the extra hours.It estimates the combined value of the extra hours is worth £26.9bn, and says the figure is the highest ...
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Article
Guide to fibbing at work hits Japan
Bumper sales of a guide to fibbing your way to a better work-life balance could see Japanese employers battling a barrage of imaginatively explained skiving in the new year.The Incumbent Salaryman's Bumper Book of Excuses, a two-volume handbook which describes itself as a “guide for success in work and love”, ...
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Article
International Supplement 2009
Interview with Narinder Kaur, director of HR at Lee CooperDelivering a successful international benefits strategyHow to ensure adequate healthcare cover for expats in emerging marketsHow the UK can learn lessons from new international pension modelsGet clued up in the world of international benefits. Discover how to deliver a successful international ...
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Analysis
Using benefits to support low-paid staff
Lower-paid staff can be particularly vulnerable during a recession, but carefully targeted benefits can help them cope, says Nicola SullivanTimes of economic crisis pose financial challenges for many, however, those on low salaries are often the most likely to feel the pinch. Employers can make a number of provisions through ...
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Case Studies
Case Study: Novell
Case Study: NovellAn organisation-wide centralisation of cost structures was behind computer software company Novell's decision to implement an international benefits strategy.Its policy aims to introduce a general framework for benefits provision rather than impose standard perks at country level. Ian Wright, director of compensation and benefits, Europe, Middle East and ...
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Article
Buyer's guide to employee assistance programmes (January 2009)
The economic downturn is raising the profile of employee assistance perks, says Tom WashingtonEmployee assistance programmes (EAPs) have come a long way from the days when they were primarily a telephone helpline for staff. For many employers, the perk is now an integral part of their wellbeing provision, and some ...
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Case Studies
Case study: Henderson offers sharesave and share incentive plan
Case study: Henderson offers both optionsAsset management firm Henderson Global Investors offers both a share incentive plan (Sip) and sharesave scheme to its 750 UK staff.Under sharesave, it offers the maximum 20% discount on the starting share price at maturity, while through its Sip, staff can obtain two-for-one matching on ...
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Article
Ascott returns to Enrich
Claire Ascott has returned to Enrich as manager of its healthcare advisers division. She rejoins the team from Norwich Union Healthcare, where she was a national account manager. Ascott said she was excited to be back at Enrich, having worked there when it was known as Gissings Advisory Services. In ...
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Case Studies
Case study: Tesco
Case study: Tesco perks are all-inclusiveTesco strives to offer benefits that appeal to all its 275,000 staff, many of whom are on low salaries.All staff are entitled to the same core benefits, including a defined benefit pension plan, sharesave scheme, staff discount card, and a range of voluntary benefits. Louise ...
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Article
Interview with Narinder Kaur, director of HR at Lee Cooper
Managing reward for 3,000 employees across 33 countries presents a number of challenges and requires flexibility at fashion firm Lee Cooper, says Katrina McKeeverManaging reward across a global workforce can be a complex challenge, requiring knowledge of differing tax and legislative regimes, an understanding of diverse cultures, and strong communications. ...
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Article
Delivering a successful international benefits strategy
An international benefits strategy requires clear objectives and a focus on common ground rather than on the differences between countries, says Peta HodgeOn paper, the idea of having an international benefits strategy, that delivers consistency to the perks offering of a multinational, seems simple. But when looking to put such ...
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Article
Healthcare schemes for expats in emerging markets
Employers must ensure healthcare cover for expats in emerging markets is adequate, says Alison ColemanThe global economic downturn has not deterred organisations from sending employees overseas, increasingly into new and uncharted territories.The number of employees on international assignments has risen by almost 90% over the past three years, according to ...
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Article
Lessons the UK can learn from international pension models
As pensions reform looms for the UK in 2012, there are lessons to be learned from countries that have already introduced new models for pension funding, says Tom WashingtonWith statutory pensions reform due to come into effect in the UK in 2012, introducing auto-enrolment, compulsory employer and employee contributions and ...
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Case Studies
Case Study: PricewaterhouseCoopers' expatriate healthcare benefits
At any one time, global business services firm PricewaterhouseCoopers has about 3,500 expat employees working in countries all over the world. Most are based in the UK, the US, Australia and Canada, but growing numbers are venturing into the emerging markets of Central and Eastern Europe, the Middle East and ...
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Article
Amanda Wilkinson, editor of Employee Benefits: More transparency needed on payments to benefits advisers
The next year will be tough. But don't let it be tougher than it needs to be. When the financial director comes knocking on the door demanding budget cuts, benefits professionals must be prepared to show they have done everything they can to provide an effective employee benefits package at ...
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Analysis
Employers should check cost-effectiveness of benefit advisers' commission
Benefits advisers can be remunerated in various ways, so employers should check the cost-effectiveness of how they pay for their services, says Sam BarrettThe advice and support required to implement a well-designed benefits package that fits an organisation’s business strategy, meets the needs of its employees and offers value for ...
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Article
Interview with Jane Vivier, senior reward manager at the UK Border Agency
Jane Viver, senior reward manager at the UK Border Agency, is motivated by the on-going challenge of finding low-cost but engaging benefits for employeesLittle things go a long way, as Jane Vivier, senior reward manager at the UK Border Agency, has discovered during her time working in benefits.“Some of the ...
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Case Studies
Employer profile: T-Mobile
In the fast-paced, highly competitive telecommunications industry, T-Mobile is shaping its perks to attract and keep the brightest talent, says Nicola SullivanAs the UK’s fourth-largest mobile phone network operator based on revenue, T-Mobile is holding its own in what is a fast-paced competitive marketplace. During its 15 year history, the ...
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Article
De Poel moves temp benefits plan online
De Poel, a consultancy that buys labour on behalf of employers, is to move its voluntary benefits product for temporary workers online.From this month, workers are able to sign up to the scheme online, when they will be issued with a user name and password. They will then be able ...