All Employee Benefits articles in Web Issue – Page 258
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Article
The Financial Times offers staff 70% pay cut on extra leave
The Financial Times has invited its staff to take up to five days extra annual leave in July and August on 30% pay in order to help cut payroll costs.The firm gave the option to 1,600 staff, with 10% having taken up the offer so far.A spokesman said: "It very ...
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Article
Recession brings new employment landscape as employers cut costs
More flexible working hours, extended shut-downs, extra holiday and cuts in paid overtime have all become more commonplace as the recession has deepened as employers look to cut costs.A new survey of key workplace trends by the Confederation of British Industry (CBI) and recruitment firm Harvey Nash showed almost two ...
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Article
Paycare appoints new chief executive
Paycare, the Wolverhampton-based healthcare organisation, has appointed Gail Maltby as chief executive.Maltby, who takes up her new role on 1 July, is currently operations director of Paycare and succeeds Liz Price who is moving to live in Scotland following her recent resignation in November 2008.Before joining Paycare in September 2007, ...
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Case Studies
Aviva uses employee benefits to maximise impact of rebrand
My Aviva Reward is an all-employee reward engagement programme at the heart of one of the largest financial services rebrands in the last 10 years. To implement the programme at the UK’s largest insurance group, Aviva, its UK Reward team worked with Caburn Hope to develop the new reward brand.Project ...
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Article
Ceridian appoints Jennifer Stacey chief people officer
Ceridian has announced the appointment of Jennifer Stacey to the role of chief people officer.†Jennifer joins Ceridian’s Senior Leadership Team and will be responsible for further development of Ceridian’s people initiatives, while also continuing to develop the company’s client proposition.Doug Sawers, managing director of Ceridian in the UK, said: “I ...
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Article
Flex take-up lower among younger staff
Take-up of perks offered through flexible benefits schemes remains low among younger workers, forcing employers to consider the lifestyle needs of Generation Y, according to research published by consultancy Mercer.Employees in their twenties are much less likely to participate in a flexible benefits scheme compared to older colleagues. The participation ...
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Article
The Pensions Regulator issues statement on recovery plan flexibility
The Pensions Regulator has published a statement emphasising the importance of prudent funding levels for pension schemes, stating that where sponsors are in difficulty, flexibility is available in recovery plans.Following a series of funding workshops, the regulator is setting out its approach to scheme funding valuations and the importance of ...
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Article
Pension Protection Fund makes announcement on 2010/11 levies
The Pension Protection Fund (PPF) has confirmed it intends to stick with its original plan to collect £700million in levies during 2010/11 rather than increasing it.Any employer which has a defined benefit pension scheme, even if this is closed, must contribute towards the finance of the PPF via the levy.PPF ...
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Article
Two thirds of FTSE 100 firms offer flexible working
Two-thirds of FTSE-100 companies keep favour with workers by offering flexible working arrangements.A survey of working practices among the FTSE 100 by ntl:Telewest Business, revealed more than two-thirds (69%) had already taken steps to accommodate the needs of parents, carers and part-time workers ahead of the government introducing extended flexible ...
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Article
BBC top earners' salary and expenses to be revealed
Salary and expenses details of the BBC's top 100 executives and decision makers are set to be published on a quarterly basis from September amid pressure for more transparency.Following a Freedom of Information request, the expenses and salaries of the BBC's 50 top-earning managers have been revealed on its website. ...
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Article
7,000 BA staff apply for voluntary pay cuts
Nearly 7,000 British Airways staff have applied for voluntary pay cuts in support of the airline's cost reduction programme.Of its 40,000-strong workforce, 6,940 employees had volunteered for unpaid leave, part-time working or unpaid work by June 24. Their actions will save the company up to £10 million.Willie Walsh, British Airways' ...
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Article
Oprah Winfrey treats staff to 10-day cruise
Employers that thought they were generous for allowing staff to leave work ten minutes early on a Friday may be shocked to discover there are even more kind-hearted bosses out there.Chat show queen Oprah Winfrey has bucked the trend of cost-cutting in the recession by treating her employees and their ...
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Article
Employee Benefits Awards 2009: Compensation and benefits professional of the year
WinnerMichael Rose director of total reward, AonThe judges felt Michael Rose has made a major contribution to compensation and benefits. Michael’s wide experience throughout his career has enabled him to devise a number of innovative reward ideas, both in the UK and internationally.He was one of the first to make ...
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Article
Employee Benefits Awards 2009: Communications strategy of the year for organisations with fewer than 5,000 employees
WinnerGrant Thornton UK Your Benefits, Your ChoiceThe judges felt that although this communication strategy was conventional (in a good way), it was absolutely right for this organisation and clearly delivered results.In 2007, Grant Thornton and RSM Robson Rhodes were involved in the largest merger in the financial sector for a ...
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Article
Employers get stricter with staff expenses
Almost half of employers have become stricter on personal expenses since the beginning of the economic downturn, with many willing to dismiss employees for persistent fraudulent claims, according to research by Croner, a provider of workplace information and consultancy services, part of Wolters Kluwer.In the survey of HR directors and ...
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Article
Employee Benefits Awards 2009 winners and finalists
Welcome to the Employee Benefits Awards 2009.This is the only event in the UK dedicated to celebrating employers’ reward and benefits strategies. This year, more than ever, it is vital to acknowledge outstanding practices as employers aim to engage staff in tough times.So we would like to congratulate our worthy ...
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Article
Employee Benefits Awards 2009: Communications strategy of the year for organisations with 5,000 employees or more
WinnerTesco Tesco Benefits Communication StrategyPeople expect Tesco to communicate well, so this entry was given extra tough scrutiny – and the judges felt it deserved to be held up as an example of good practice. The retailer used simple, often cheap ideas effectively. Communication channels were wide-ranging and sometimes felt ...
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Article
Employee Benefits Awards 2009: Most effective use of digital media to communicate benefits to staff
WinnerRok Group RokPay (entered by Thomsons Online Benefits)Most employers now use websites to promote benefits and a growing number are putting together DVDs as part of their internal communications. What made Rok’s entry stand out is that it deployed both forms of digital media well.A staff survey and meetings with ...
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Article
Employee Benefits Awards 2009: Grand Prix (Sponsored by Watson Wyatt Worldwide)
WinnerLadbrokes Football FrenzyLadbrokes was primarily voted winner of the Grand Prix award because of the way its Football Frenzy motivation scheme fitted with the bookmaker’s culture and helped to engage staff with a key sporting area for the business. Ladbrokes also proved it has more than one string to its ...
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Article
Employee Benefits Awards 2009: Most effective benefits strategy for organisations with more than 1,000 employees (Sponsored by Projectlink Motivation)
WinnerMalmaison & Hotel du Vin Hotels Mal HdV Benefits(entered by Davidson Asset Management)This hotel chain faced several employee challenges, which it solved through a carefully thought-out long-term strategy.First, there was the merging of two very different hotel chains without diluting the values and brand of each; second, staff turnover in ...