All Employee Benefits articles in Web Issue – Page 245
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Michael Page International adds new perks
Recruitment agency Michael Page International has added dental insurance, discounted clothing and gym membership to its voluntary benefits scheme, and held financial education seminars. The education sessions, held by the Financial Services Authority, were timed to coincide with last month’s staff bonus payments.James Rumsey, director of procurement and facilities management, ...
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Yorkshire NHS trusts and council join forces to offer local discounts to staff
Three public sector organisations in Yorkshire have pooled their locally-sourced voluntary benefits to create a more cost-effective, competitive package, which has been rolled out to their collective workforces.North Yorkshire City Council, York Hospitals NHS Foundation Trust and NHS North Yorkshire teamed up to roll out each other's employee discounts to ...
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EasyJet looks at cutting free tea and coffee for cabin crews
Pilots at EasyJet may find themselves closer to the no frills experience enjoyed by customers after the airline confirmed that it was looking at the possibility of cutting free tea and coffee for its cabin crews.As part of efforts to reduce costs the airline has said it is also looking ...
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UK pay rises among world's lowest in 2009
UK employees will experience one of the lowest base salary increases in the world this year and are likely to see their bonuses decrease as employers continue to make cut backs during the recession.According to research by Hay Group, the 1.46% average pay rise falls well short of the global ...
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HM Revenue and Customs (HMRC) issues guidance on share incentive plans
HM Revenue & Customs (HMRC) has issued guidance to help companies that wish to set up and run a Share Incentive Plan (Sip).The guidance includes information on a number of different areas, including employee eligibility, operating and terminating plans, as well as the transfer of employee's shares into an ISA ...
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Southampton City Council launches HR system
Southampton City Council has implemented a new HR system to give its employees more control over their HR and payroll services.Developed in conjunction with Capita, the new system, which went live at the beginning of the month, includes a HR portal that allows staff to have access to information on ...
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Pension deficit triples in a year
Pension Protection Fund (PPF) data has revealed that the deficit faced by around 7,400 defined benefit (DB) pension schemes has more than tripled in a year from £81.5bn in March 2008 to £243.1bn last month.In March 2009, the total surpluses of schemes in surplus fell to £11.1bn from £13.3bn at ...
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B&Q rolls out employee recognition scheme
B&Q has implemented an employee recognition scheme featuring its newly-launched corporate gift card to motivate its 34,000-strong workforce.Employees that work for the retailer can nominate each other to be rewarded with the corporate gift card, which was launched at the beginning of April.At the end of each month, managers will ...
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Sponsor's Comment: Pension scheme survival kit
Andy Marchant, marketing director at Aegon Life and Pensions, explains that innovative solutions can help pension schemes survive the current market turbulence There's no denying that we’re experiencing the most extraordinary market turbulence in living memory. Every market and every type of investment has been affected, which means everyone’s pension ...
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Government urged to introduce short-time working scheme
Calls have been made for the the Government to introduce a temporary short-time working scheme to help businesses stem job losses.The TUC, British Chamber of Commerce, Federation of Small Businesses, The Work Foundation and manufacturers organisation EEF have written to Alistair Darling ahead of the Budget to outline a plan ...
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Dismissals and pay cuts to feature in reality TV show
Groups of employees working for struggling firms will be dismissed or given pay cuts in front of the camera during the filming of a new reality TV show called Someone’s Gotta Go.In each episode of the show, created by Endemol, workers will choose the fate of their colleagues based on ...
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Lloyds and RBS Group to offer loans as staff bonuses
Lloyds Banking Group and Royal Bank of Scotland (RBS) Group are to offer loans to staff who have seen their bonuses deferred for up to three years.In an effort to align reward with the long-term interests of the bank's shareholders, including UK taxpayers who own 70% of the bank, RBS ...
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Halfords reassures employers its cycle-to-work scheme is safe
Halfords has reassured employers that it will not moving away from its cycle-to-work scheme after it announced it will be dropping its brands Bikehut and Cycle Republic.The car parts and bikes retailer, which provides a cycle-to-work scheme to more than 300 blue chip organisations, has said it will be closing ...
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Executive pay practice needs repair, says CFA
Executive pay practice is unnecessarily complicated and needs repair according to research conducted by the CFA Institute Centre for Financial Market Integrity in collaboration with the European Commission.The survey on executive compensation, conducted among members of the CFA Institute based in the European Union, revealed that almost two thirds (64%) ...
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Employees would accept changes to reward to prevent job losses
Employees in the business and financial services industries, as well as those working in HR and recruitment are prepared to be flexible with reward and benefits to stem job losses in their organisation.Some 95% of the 2,500 employees surveyed by the independent campaign Keep Britain Working, would change their work ...
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Debi O'Donovan, editor of Employee Benefits: Is the rise of pensions in flexible benefits all that is seems?
A striking finding of the Employee Benefits/Towers Perrin Flexible Benefits Research 2009 is the number of employers considering introducing pensions into a flexible benefits scheme. Almost a quarter (24%) of our respondents said they were thinking along these lines.So why this sudden surge? I believe there are four key drivers: ...
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Employee Benefits Awards finalists announced
Employee Benefits Awards finalists announcedThe shortlist for the Employee Benefits Awards 2009 has been announced. Leading employers such as Boots, Tesco, Fujitsu and Centrica have made the list of finalists.The ultimate winners will be announced at a glittering lunchtime ceremony on 26 June 2009 in London.The Employee Benefits Awards aims ...
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Chapel Down launches wellbeing programme
Chapel Down has launched a wellbeing scheme to help keep staff hydrated at work and encourage a healthier lifestyle by giving them the chance to self-assess their own health and grow vegetables.The wellbeing scheme includes voluntary access to an interactive health kiosk which enables staff at the firm to assess ...
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Budget 2009: Redundancy payments increase to £380 a week
The Chancellor announced a change to the weekly Statutory Redundancy Rate. The weekly amount will increase from £350 to £380 with effect from 1 October 2009.
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Budget 2009: Income tax hike for high earners
In his 2009 Budget report Chancellor Alistair Darling announced a sharp increase in income tax for high earners.Employees that earn more than £150,000 a year will pay income tax of 50%. This will be enforced from April 2010.The change contrasts to the hike in income tax to 45% for high ...