All Employee Benefits articles in Web Issue – Page 243
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Case Studies
Case study: Adecco
Case Study: AdeccoRecruitment solutions company Adecco is reviewing its recognition schemes in light of the recession, with the aim of rewarding more employees for demonstrating company values or displaying outstanding performance.Previously, its schemes focused on rewarding top sales people with tangible rewards such as skiing trips. The company now wants ...
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Case Studies
Case Study: Henry Boot
Case Study: Henry BootHenry Boot shares the burden Construction and property company Henry Boot granted a new set of options through its sharesave scheme last November to help motivate staff by giving them a stake in the business.The aim was also to help people who had taken part in a ...
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Analysis
Interview with Tim Jones, chief executive of the Personal Accounts Delivery Association
Tim Jones, chief executive of the Personal Accounts Delivery Authority, is leading Britain towards the 2012 pensions changes. He is confident the scheme will run smoothly, says Nicola SullivanAs chief executive of the Personal Accounts Delivery Authority (Pada), Tim Jones is one of the key people behind making personal accounts ...
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Analysis
Ways to promote better pensions engagement for employees
It can be hard to get staff to take an active interest in pension schemes, but promoting greater engagement will bear fruit for employers, says Jenny KeefeFirstly, there are those who do not have a retirement fund, such as model Jodie Kidd. “I don’t have a pension,” she says. “I ...
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Analysis
Finding the right investment funds for occupational pensions
Investment funds are the lifeblood of pension schemes, and finding the right mix of risk and return is key for both employers and employees, says Ceri JonesAs insurance companies' open architecture platforms have developed, hundreds of funds have become available, and defined contribution (DC) plans have been attracted by the ...
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Analysis
Motivating staff in the recession
As the recession puts pressure on pay and jobs, reward schemes can play a vital role in keeping employees motivated, says Amanda Wilkinson.Case study: AdeccoCase study: Henry Boot†MAIN ARTICLECost-cutting is currently the number one priority for many organisations affected by the recession. But there is a danger that redundancies, forfeiture ...
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Analysis
Closing defined benefit schemes to future accrual
Employers that want to close their defined benefit pension schemes to future accruals have a number of hurdles to clear, says Nicola SullivanAccording to the Pensions provision in turbulent times survey of more than 160 trustee and company representatives published by Watson Wyatt in January, more than a quarter of ...
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Article
Pensions Supplement 2009
Interview with Tim Jones, chief executive of the Personal Accounts Delivery AssociationWays to promote better pensions engagement for employeesFinding the right investment funds for occupational pensionsClosing defined benefit schemes to future accrualSponsor's Comment: Pension scheme survival kitDiscover how to promote better pensions engagement among employees; select the right investment funds ...
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Analysis
How employers can use deferred bonus schemes
Bonus payments have hit the news for all the wrong reasons, but deferred bonus schemes may offer employers a more ethically acceptable and economic solution, says Sarah ColesIf you read nothing else, read this…Deferred bonuses are increasingly appearing on employers’ agendas.These can simply consist of cash deferred to a later ...
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Case Studies
Case Study: Molton Brown
Since launching its defined contribution pension scheme in April 2008, luxury cosmetics group Molton Brown has used a range of tactics to help its staff see the beauty of saving for retirement.The company, which has 712 employees in the UK, promoted its DC scheme through group presentations and one-to-one meetings. ...
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Case Studies
Case Study: Honda
Plain-speaking pensions communication has paid dividends at Honda. Jo Malone, benefits and wellbeing manager, says: "Pensions can be an area that associates find daunting because, generally, the information available on the web or in publications can be overwhelming. We provide straightforward and illustrative pension materials to help associates understand the ...
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Case Studies
Case Study: The International Union for Conservation of Nature
The International Union for Conservation of Nature (IUCN), the world's largest professional global conservation network, which is headquartered in Switzerland, offers a wide range of funds to members of its contracted-in money purchase scheme.The scheme has been taken up by 28 of its 31 employees based in Cambridge, as well ...
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Case Studies
Case Study: Aviva uses flexible benefits to aid its rebrand
Aviva, formerly Norwich Union, has launched a flexible benefits scheme and website as part of its rebranding exercise.Reward director Helen Jackson says the package is part of "an integrated in-depth campaign". Part of this has been a review of pension investment fund choices, and a booklet explaining the new choices ...
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Article
Aon proposes cuts to employer paid pension contributions
Pension provider Aon has proposed to cut its employer paid pension contributions as part of cost cutting exercise designed to protect the business from the recession.†The firm, which employs just under 5,000 staff members in the UK, has started a two-month consultation on the changes, which it hopes to implement ...
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Analysis
Looking after the health of employees posted abroad
If you read nothing else, read this...Insurers monitor the type of treatment that is standard in each country to ensure employees access treatment that is safe and appropriate.To help reduce fraud, insurers check every claim against their claims database and published price lists to ensure that the cost is reasonable ...
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Analysis
Employers have a number of options to offer optical or eyecare benefits
Optical benefits can be valued by staff and employers have a number of options that they can offer to their workforce above and beyond their legal obligations, says Tom WashingtonIf you read nothing else, read this...Employers are required by law to cover the cost of an eye test and glasses ...
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Article
Interview with Alison Dalley, head of reward at Fujitsu Services
Alison Dalley, head of reward at Fujitsu Services, has a wealth of reward experience and is now keen to tackle the pension challenges thrown up by the recession.For Alison Dalley, head of reward at Fujitsu Services, HR is in the blood. Her father pursued an HR career in the cosmetics ...
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Analysis
Alternatives to occupational pension schemes
The changing perception of traditional occupational pension schemes is prompting employers to consider offering staff alternative financial benefits to meet their savings needs, says Amanda WilkinsonIf you read nothing else, read this...Employees' savings needs are changing.More flexible savings benefits may be required instead of traditional occupational pension schemes.Alternative savings options ...
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Article
Buyer's guide to self-service systems (April 2009)
Self service HR is helping to reduce administration but must be controlled carefully, says Nicola SullivanWhat are self-service HR systems?Self-service HR systems allow both managers and employees access to a variety of electronic information and data relating to a variety of areas, including pay, holidays, expenses, performance and absence. Such ...
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Article
VAT concession ends
The government has removed the VAT concession on temporary workers' wages. Critics have said this will increase the cost of hiring temporary workers and add to the unemployment figures. Katja Hall, director of HR policy at the Confederation of British Industry, said: "This is disappointing at a time when businesses ...