All Employee Benefits articles in Web Issue – Page 226
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Workers willing to sacrifice pay to keep jobs
One-in-10 UK employees would take a pay cut to keep their job, according to research by Ceridian. The survey of1,000 workers showed that more than a quarter would be prepared to have their hours (28%) and pensioncontributions (27%) cut in order to save their job, while almost half (47%) would ...
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Share plans increase loyalty
Employees who participate in share incentive plans (Sips) and sharesave schemes feel more loyal to theiremployer than those who do not. According to HM Revenue & Customs’ Evaluation of Tax-Advantaged All-Employee Share Schemes report, 82% of Sip and sharesave participants strongly agreed, or agreed, they feltloyal to their organisation, compared ...
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Employers in Europe lack good data on employee absence
At a time when organisations are looking to cut costs, many are not managing their employee absence rates effectively because of a lack of good data.While most (76%) employers can access simple data about the number of days employees are absent, only 42% can identify the cause of employee absence ...
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Grimsby Institute monitors wellbeing impact
THE GRIMSBY Institute of Further and Higher Education is researching how health and wellbeing initiatives can impact on sickness absence rates among its own staff.A group of 16 employees in the organisation’s health and social care sector are being monitored for 12 months after being given a “health MOT” when ...
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Brakes launches staff communication on employee benefits
Brakes Group has launched a communications drive to increase awareness of perks among its 7,000 UK employees.This includes a benefits website that can be accessed externally by staff who cannot log onto the intranet at work for information on perks. Employees have also been sent The Little Book of Benefits, ...
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Citigroup adds home gas boiler service to benefits selection
Citigroup has added British Gas Homecare to its benefits selection to increase the range of products available to staff.Employees pay for the benefit, which provides service and maintenance for gas boilers, out of net salary at a discounted rate negotiated by the company.The perk is offered as a voluntary benefit ...
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Aegon to pass on NI savings from salary sacrifice option
Aegon UK has given its employees the option to sacrifice part of their salary and contribute it to one of the financial services company's two staff pension schemes.The firm has decided to pass on most of the national insurance (NI) savings it makes from salary sacrifice to those staff in ...
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Smeg opts for hybrid private medical insurance and cash plan
Smeg UK has reviewed its private medical insurance (PMI) provision, opting for a hybrid PMI and cash plan to save on costs and improve service levels.Previously, it provided PMI for all its 40 staff. It will now use the sum it would have spent on PMI premiums to fund a ...
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Informa revamps flexible benefits plan
Informa has revamped its flexible benefits scheme, communicating it through roadshows and a new website.New options for the scheme, called "Informybenefits", include savings on trips to spas and a broader choice of gym providers.Attendance at communication roadshows was double that of the previous year after staff were sent boarding pass-style ...
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Whitbread helps staff shape up with Weight Watchers
Whitbread has introduced Weight Watchers in the workplace to help boost employees' health and wellbeing, and assist their work-life balance.The hospitality firm has made the scheme permanent after a trial class was successfully completed this month.Staff pay for the benefit themselves but get a company-negotiated discounted rate on membership and ...
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Sony Pictures Entertainment offers will service to employees
Sony Pictures Entertainment is to offer a will service to employees at its London office.The firm is planning to hold a seminar on wills and probate for all employees, with the option for them to have a will drafted at a discounted rate.It is also promoting a review of employees' ...
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Renault Formula One Team launches flexible benefits
Renault’s Formula One Team has launched a flexible benefits scheme and voluntary discounts for staff, with options that include tickets to F1 races and discounts on Renault cars.The scheme was launched to 500 staff in November last year following an employee survey that revealed only 31% of the workforce thought ...
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Tesco extends share option plan to China
TESCO has extended its international share option plan and international bonus scheme for senior managers to relevant staff in China.Chinese legislation that had prevented employees from taking part in share plans offered by foreign-owned companies.Tesco is thought to be one of the first foreign firms operating in China to offer ...
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EasyJet launches voluntary benefits and total reward statements
EasyJet has launched voluntary benefits and total reward statements to its UK workforce to meet a growing expectation of benefits among employees in the airline industry.The scheme, called Your Benefits, which goes live in February, was communicated to 5,000 employees by email and letters sent to their home addresses.The airline ...
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Combined DB pension deficit worsened by almost half in December
The combined pension deficit of Britain’s defined benefit (DB) pension schemes worsened by almost half during the month of December, last year.The Pension Protection Fund (PPF) estimates the aggregate funding position of almost 7,800 DB schemes has worsened by 43% to a deficit of £194.5 billion at the end of ...
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Specsavers guide to the Display Screen Equipment (DSE) regulations
63% of employers see eyecare as equally important as other employee benefits. The Specsavers Guide to the DSE regulations aims to explain the details of the sometimes confusing regulations and to clarify to whom they apply and under what circumstances. The guide includes sections on:Who is coveredWhat the law demandsRequirements ...
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PADA begins search for personal accounts administrator
The Personal Accounts Delivery Authority (PADA) has launched the start of its procurement process and is looking for an administrator to deliver personal accounts when they are implemented in 2012.PADA is expected to announce which firm has been awarded the contract to provide pension administration services for personal accounts and ...
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Editor's comment
Employee benefits have come a long way in the past decade or so, evolving into an invaluable set of tools that help employers attract, retain and engage talent.At employers' disposal is an armoury of perks that includes pensions, shares, bonuses, healthcare, cars and childcare. Employers have also put in place ...
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The Future landscape for benefits
Low-cost perks and adding value will be high on the agenda for benefits professionals during the economic downturn, but reward will continue to play a vital role for employers says Jenny KeefeIt was more than 15 years ago when the full impact of a recession last hit the workplace. In ...
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The Future: from thought leaders: Wellness in the workplace: prevention is better than cure
Healthy-lifestyle benefits can cut the cost of sickness absence, says Dr Doug Wright, head of clinical governance, Norwich Union HealthcareWhether you are reading a newspaper, listening to the radio or watching television, you can almost guarantee the topic of health and wellness will come up. This is not surprising considering ...