All Employee Benefits articles in Web Issue – Page 230
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Article
Case Study: Tesco
Tesco recognises the varying needs of its 280,000-strong workforce by targeting workers approaching retirement and graduates fresh out of university with tailored information.It holds approximately 25 pre-retirement seminars a year, which include speaker presentations, question and answer (Q&A) sessions and opportunities for one-to-one meetings with an independent financial adviser.Together these ...
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Case Studies
Case Study: Simply Health Group
The Simply Health Group tailored savings provision to better suit its varied 1,200-strong workforce after realising that staff were not joining its group personal pension (GPP) scheme due to other priorities.To provide an alternative, the healthcare firm launched schemes to help staff save for a home or pay off student ...
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Case Studies
Case Study: Kellogg's feeds family focus
Kellogg's offers a number of family-friendly perks to its workforce.Ahead of last year's legal changes, Kellogg's carried out a review of its maternity policy.It already offered a generous package, with women on maternity leave receiving 18 weeks on full pay followed by 21 weeks on statutory maternity pay.Dave Lowe, compensation ...
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Article
Coca-Cola Enterprises switches childcare voucher provider
Coca-Cola Enterprises switches childcare voucher provider
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Article
Key messages to deliver to staff during a recession
The recession means staff are taking more interest in their finances and there are key messages employers can pass on to help them cope, says Katrina McKeeverTimes of economic downturn can cause stress and anxiety for a large number of employees, as they face mounting problems keeping up with debt ...
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Analysis
Developments in green fleet
The stumbling blocks to employers running a green fleet have been steadily removed thanks to manufacturers' improved technology and a wealth of tax incentives, says Tom WashingtonSince the government introduced a CO2 emissions-based benefit-in-kind (BIK) tax aimed at cutting pollution in 2002, the fleet market has been slowly evolving to ...
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Article
Grant Thornton launches financial education for staff
Grant Thornton has launched financial education for its 4,400 partners and employees, in a bid to boost engagement with benefits.More than 900 employees attended one of the 39 seminars held at 23 office locations across the UK, ahead of the accountancy firm's flexible benefits elections, which opened in November.The seminars, ...
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Article
Financial Education Supplement
Interview with Annamaria Lusardi, professor of economic at Dartmouth CollegeTailor financial education to suit employees’ life stages Key messages to deliver to staff during a recession Educating staff about annuitiesMake the most out of workplace financial education. Discover how to educate staff with relevant, targeted lifestyle-based financial ...
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Analysis
Tailor financial education to suit employees' life stages
Segmenting the workforce to suit every stage of employee’ lives is one way of targeting financial education effectively, says Tom WashingtonIn reality, providing completely bespoke, personalised financial education for each employee is impossible, as their needs will be so varied. Offering one-to-one meetings with an independent financial adviser is the ...
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Article
Hotbed switches PMI provider
Private equity and fund management firm Hotbed has switched private medical insurance (PMI) providers to cut the cost of the perk by underwriting some of the associated risk itself.The firm has transferred its 41 recipients of PMI, which comprise employees and dependants who were previously covered by Bupa Select, into ...
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Article
The Future: from thought leaders
Employers, academics and industry experts give their views on what the future holds for benefits, such as pensions, company cars, share schemes, flexible benefits.Editor’s CommentThe Future Landscape for benefitsThe Future: from thought leaders: Norwich Union insight: wellness in the workplace: preventionThe Future: from thought leaders: Healthy competition will be crucialThe ...
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Case Studies
Employer profile: TUI Travel
TUI Travel set itself tight timescales to harmonise benefits for staff following a merger, despite the tough economic climate, says Nicola SullivanTimes are tough for the UK travel industry. Last year, it appeared as though the holiday was over for many travel firms and airlines, which were faced with issues ...
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Article
Confessions of a benefits manager: Calculated silence
With morale at an all-time low, it has been decided that end-of-year bonuses should be paid after all, although Candid could not possibly comment on the mysterious way these will be totted upFebruary might seem like an odd month to be paying bonuses and so it is. We normally pay ...
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Article
Buyer's guide to flex admin systems (February 2009)
Reduced costs and improved technology means employers can now expect more from flexible benefits administration systems, says Tom WashingtonImplementing a flexible benefits plan can be a time-consuming and costly task for any employer. Behind every flex programme is its administration system - a cog in the machine that because of ...
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Article
Snow ensures 'national sickie day' lives up to its reputation
Record snow falls today (2 February) helped cement the reputation of the first Monday in February being ‘national sickie day’.According to research by Friends Provident, this is statistically the worst day of the year for absenteeism, due to illness, post-Christmas blues and freezing weather.The Britain Under Pressure report reveals that ...
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Article
Amanda Wilkinson, editor of Employee Benefits: Optimise benefits to make what you have even more effective
When times are tough you have to make the most of what you have. For compensation and benefits professionals this means ensuring that benefits programmes work together to optimum effect. If they do not, there is scope for difficult questions to be raised by senior management and finance, the most ...
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Analysis
Employers adapting defined benefit pensions to avoid scheme closure
Employers are increasingly having to adapt defined benefit pension schemes to avoid their total closureMarks and Spencer's (M&S) move to limit the cost of its defined benefit (DB) pension scheme has highlighted the pressures currently faced by many large employers. The retail giant, which closed its DB scheme to new ...
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Article
Heath Lambert launches off-the-peg benefits product
Heath Lambert has launched an off-the-peg total reward and benefits solution for employers.Its Benefits Box product offers a menu-style service that enables employers to select the type of benefits and level of cover they require for their staff at a fixed price.The service has been designed with small- to medium-sized ...
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Article
Legal & General launches GIP product for DC pension
Legal & General has launched a group income protection product for employers that run defined contribution (DC) pensions to cover employees forced to retire early on grounds of ill health.Workplace Recovery pays an agreed income either directly to the employee or to the employer, if ill health forces them to ...
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Article
Pension schemes most commonly-offered benefit
A pension plan is the most commonly-provided benefit offered by employers to staff, followed by investment in training and development, which remains a priority for organisations despite the economic downturn.According to the Chartered Institute of Personnel and Development's (CIPD) 2009 Annual Reward Management Survey, 95% of employers offered a pension ...