All Employee Benefits articles in Web Issue – Page 255
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Analysis
The globalization of benefits
Multinational companies have a number of local matters to consider when developing a global benefits strategy, says Jenny KeefeThere was a time when Birmingham and Beijing had little in common when it came to employee reward. But the rules have changed in recent years, and an increasing number of employers ...
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Case Studies
Employer profile: Enterprise Rent-A-Car
Enterprise Rent-A-Car fosters an entrepreneurial spirit among its employees and rewards them accordingly, says Tom WashingtonWith big insurance companies faltering, the car manufacturing industry in crisis and corporate accounts being cut back, the global recession has threatened to put the brakes on the car rental industry. Some hire firms have ...
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Article
Buyer's guide to employee share plans (June 2009)
The recession has thrown share schemes into confusion, and employers and employees are having to reassess their options, says Nicola SullivanFocus on facts:What are employee share plans?In a sharesave plan, employees can save a maximum of £250 a month over a period of three, five or seven years. At the ...
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Article
Buyer's guide to payroll systems (June 2009)
As well as tax and NI, payroll systems can include benefits payments in their salary calculations, says Tom WashingtonPayroll systems are designed to perform often complicated calculations that make up an individual's pay for the purposes of tax and national insurance (NI) contributions, and ensure staff are paid on time. ...
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Article
Confessions of a benefits manager: Global domination
A new US colleague called Anastasia appears to be taking on the guise of a James Bond villain in her international assignments role, says Candid, and intrigue over company pay cuts calls for retaliatory actionI have a new enemy in the workplace. The old one, Creepy Caroline, is probably still ...
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Article
Anheuser-Bush InBev switches provider and adds childcare perk
Anheuser-Bush InBev has switched voluntary benefits provider and launched childcare vouchers in order to improve its reward offering. The global brewer introduced both schemes last month for its 2,200 UK and Ireland staff.Through its voluntary benefits scheme, provided by LogBuy, employees can access discounts at high street retailers, on leisure ...
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Article
Recession takes its toll on wellbeing perks take-up
Take-up of wellbeing and personal development perks through flexible benefits schemes has fallen this year because the recession has put many employees off luxury benefits.Aon Consulting’s Flex Tracker study shows that wellbeing perks and learning accounts have fallen out of the top 15 most popular benefits. Take-up of health screenings ...
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Article
Bluefin enhances pension portal
Bluefin Corporate Consulting has enhanced its online pension portal with new features, a new look and upgraded support technology.It now offers members information on their fund choices, with daily updated price feeds. Staff will also have direct access to factsheets containing details on every available fund to help them make ...
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Article
VT Group uses sharesave to boost staff engagement
Defence and support services company VT Group has launched a sharesave scheme to increase employee engagement.Since the scheme went live in April, staff have signed up to acquire around 1.5 million shares in total. This equates to a take-up rate of 21.5% among the firm’s 7,777 eligible staff, with an ...
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Article
Grimsby Institute extends wellbeing initiatives
The Grimsby Institute of Further and Higher Education has extended its range of wellbeing initiatives to include an Olympic themed event and to raise awareness of men’s health.It plans to provide information on men’s health issues, including prostate cancer, to coincide with National Men’s Health Week, which starts on 15 ...
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Article
Benefits could offer a solution to the MPs’ allowances scandal
Benefits could offer a solution to the MPs’ allowances scandal. Commentators have agreed the system needs to change, but many are unsure how to amend it to ensure fair reward.Dr Simon Draycott, a business psychologist at Mendas, said the allowances should not simply be withdrawn, because that would fail to ...
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Article
McDonald’s extends total reward statements
McDonald’s Restaurants has increased the circulation of its total reward statements (TRS) to improve staff understanding of benefits.The company sent the annual paper statements to the home addresses of more than 900 senior employees in May. This is double the number of staff included last year and involved restaurant managers ...
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Article
Field Fisher Waterhouse launches TRS and pension salary sacrifice
European law firm Field Fisher Waterhouse is to introduce online total reward statements and pensions salary sacrifice to boost appreciation of benefits and promote its stakeholder pension.The initiatives will come into effect in July, ahead of its introduction of a flexible benefits scheme next January.The total reward statements are aimed ...
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Article
Sony Pictures uses Angels and Demons film to communicate perks
Sony Pictures sent staff on a quest to unlock the code of their benefits package as part of a communications initiative designed to tie in with its film release Angels and Demons.The strategy, created in conjunction with Buck Consultants, preceded the film’s UK launch in May. The firm’s 400 UK ...
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Article
Linklaters introduces bonus sacrifice into GPP
Law firm Linklaters has introduced a bonus sacrifice scheme to enable staff to sacrifice their bonuses into its group personal pension plan (GPP).Employees are due to receive their bonuses on 30 June, and have until 3 June to submit their request to sacrifice all, or part, of the amount before ...
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Article
Axa auto-enrols staff into pension
AXA has significantly increased take-up of its trust-based defined contribution pension scheme by auto-enrolling staff into the plan, salary sacrifice and matching contribution arrangements.Of the scheme’s 7,500 members, just 60 chose to opt out of the salary sacrifice and matching contribution element, and only 7% opted out of the plan ...
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Article
Wolters Kluwer moves to harmonise perks and increase understanding
Wolters Kluwer has launched a flexible benefits scheme, extended its income protection coverage to all employees and switched to a salary sacrifice pension arrangement to harmonise its reward provision and increase staff understanding.The publishing firm has acquired various businesses over the past 10 years, each of which has its own ...
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Article
Paycare offers free insurance for customers that are made redundant
Paycare has announced that customers subject to redundancy will be offered up to six months free healthcare cover.The healthcare provider has unveiled the new initiative for policyholders of its corporate healthcare cash plans who find themselves forced out of work.Providing the policyholder has held the relevant policy continuously for at ...
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Article
Half of employees have experienced reduced hours or pay cuts
More than half of all UK workers (54%) have experienced a cut in pay, a reduction in hours or a loss of benefits since the recession began, according to a survey conducted by the Keep Britain Working Campaign.The release of the survey of 1,600 staff followed the decision that Honda ...
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Article
QinetiQ employees vote to strike over pay freeze
Scientists and engineers at defence research and technology QinetiQ have voted in favour of taking industrial action over the company's decision to impose a pay freeze for 2009. A ballot of the union Prospect’s 2,000 members ended with 72% voting in favour of taking part in strike action, while 85% ...