All Employee Benefits articles in Web Issue – Page 235
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Article
Employees' financial worries affect performance at work
More than a quarter of workers do not feel in control of their finances and believe their financial worries are affecting their performance at work.According to research published by the Institute for Employment Studies, 30% of employees are concerned about their financial wellbeing, while almost 10% felt this issue had ...
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Article
Jaguar Land Rover staff agree pay freeze and four day week
Staff at Jaguar Land Rover have agreed to take a pay freeze and work a four-day week in order to avoid redundancies as the motoring industry continues to be hit by falling car sales.The news follows data from the Society of Motor Manufacturers and Traders (SMMT) released yesterday that revealed ...
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Article
Northgate Vehicle Hire takes gold in Rospa awards
Northgate Vehicle Hire has won a Royal Society for the Prevention of Accidents’ (Rospa) 2009 Award for the first time for promoting health and safety to employees and customers.The Darlington-based firm will be presented with an Occupational Health and Safety Gold Award at a ceremony at the Birmingham Hilton Metropole ...
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Article
BDO Stoy Hayward Investment Management launches redundancy service
BDO Stoy Hayward Investment Management (BDO) has launched a financial redundancy counselling service for companies making redundancies.The service, which integrates independent financial advice into the overall redundancy consultation process, can be structured according to employers' needs as well as and the employees that are affected. Employers can choose one or ...
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Article
My Family Care extends range of childcare benefits
My Family Care has extended its range of childcare benefits to include cr¿che facilities, holiday clubs and onsite nurseries.This follows the provider's acquisition of Tinies UK in January, which brings 50 workplace childcare sites into its portfolio. My Family Care acquired clients including David Lloyd and GlaxoSmithKline in the deal ...
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Analysis
Driving down fleet car costs
Executive summaryNovember's pre-Budget report confirmed the last pieces of the company car taxation jigsaw to bring them in line with the government's CO2 agenda. So now might be a good time for employers to revisit their fleet strategy.If employees can be switched into lower CO2-emitting cars, there is a compelling ...
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Analysis
Ensuring the safety of company car users
There is little legal compulsion for employers to ensure their company car users are sufficiently fit and healthy to drive, but there are plenty of good reasons why they should do so, says Katrina McKeeverThere is little in law to compel employers to check the health of their drivers when ...
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Article
Equality and Human Rights Commission unveils radical proposals for parental leave
The Equality and Human Rights Commission (EHRC) has unveiled radical changes to parental leave to tackle the gender pay gap and give parents more support in bringing up their children.In its Working Better report launched on 30 March, the EHRC proposed that fathers and mothers be given four months of ...
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Article
Shoosmiths reviews PMI cover
Law firm Shoosmiths is looking to cut the cost of providing private medical insurance (PMI) for its 1,500 employees.The firm, which offers the benefit to 60% of its workforce, wants to renegotiate its deal with current PMI provider Bupa, as well as look at restructuring its provision of the benefit.Shoosmiths ...
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Article
Fujitsu Services pilots road risk programme
Fujitsu Services is piloting a two-month long occupational road risk programme for more than 1,000 of its company car drivers.For the first time, all business-need company car users who drive a minimum of 8,000 business miles a year have been asked to complete an online driver risk training and assessment ...
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Article
Somerfield updates vehicle management process
Somerfield has taken steps to make the administration of its fleet more efficient and help meet its duty-of-care responsibility.The new online scheme includes an automated mileage capture system to record details of business trips and personal mileage, run by the Miles Consultancy. This is designed to make the process of ...
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Article
Tectura switches PMI provider
Tectura has switched providers for its private medical insurance (PMI) scheme after a staff survey revealed employees would value wellbeing perks, such as discounted gym membership.The IT firm, which pays for the benefit for all its 100 employees, switched to Pruhealth's Vitality scheme in January.Under the scheme, staff can get ...
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Article
New law for employers paying less than minimum wage
The Employment Act 2008, which will be enforced in April, will introduce an automatic fine of up to £5,000 foremployers paying staff less than the minimum wage. Back payments will also be due. In serious cases, courts will be able to issue an unlimited fine.
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Article
Perks under review during recession
One in four (25%) employers will review their compensation and benefits programmes during the economic downturn. According to research published by Hewitt Associates, leadership development (38%), talent retention (34%) and employee engagement (30%) will be top of the agenda. The Fourth European HR barometer, which surveyed 53 organisations with 3.5 ...
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Article
Ace revamps flexible policies
Ace European Group has revamped its personal accident and holiday travel insurance policies to tailor them for flexible benefits schemes.Both products were relaunched in February with enhancements. For example, they allow employees to alter their cover part-way through the year in the event of lifestyle changes, such as marriage or ...
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Article
Interview with Harsha Modha, director of benefits programmes for the UK at GlaxoSmithKline
Harsha Modha, director of benefits programmes for the UK at GlaxoSmithKline, explains how life as a working mother gave her an insight into effective benefitsHaving spent a significant part of her career as a working parent, Harsha Modha, director of benefits programmes for the UK at GlaxoSmithKline (GSK), has personal ...
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Analysis
Alternatives to private medical insurance
Private medical insurance may seem a likely target for reducing expenditure on perks, but some newer hybrid products may offer a more economical alternative, says Tom WashingtonIf benefits practitioners are looking to reduce employee-related costs by reviewing expenditure on perks, private medical insurance (PMI) is likely to come under the ...
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Article
Vebnet alliance will roll flex into Ceridian's pay platform
Payroll provider Ceridian has formed an alliance with flexible benefits provider Vebnet to deliver flexible benefits to Ceridian's payroll customers.Ceridian, which runs human resources (HR) and payroll services for one-in-eight UK employers, will offer Vebnet's branded flex services through Ceridian's payroll platform. Its clients will be able to access flex, ...
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Article
Norwich Union launches interactive pension website
Norwich Union has launched an interactive pension website with a virtual online guide. The guide, similar to a television presenter, takes employees on a virtual online tour through their own pension. Along the way, 'she' explains how retirement savings work, and illustrates the impact of decisions such as increasing the ...
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Analysis
Calculating the value of pension funds
Putting a value on an employer's defined benefit pension scheme is a complicated matter and figures can vary widely according to the measure used and its intended purpose, says Katrina McKeever.An employer which wants to know how much its defined benefit (DB) pension scheme is worth on any given day ...