All Employee Benefits articles in Web Issue – Page 259
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Employee Benefits Awards 2009: Most effective healthcare and wellbeing strategy (sponsored by Westfield Health)
WinnerInforma InformMyBenefits – Health and Wealth ProgrammeInforma reinvigorates its benefits each year. In 2008, the programme was transformed into one focusing on health and wealth. New benefits included health screening for partners and a bike-to-work scheme, to add to existing wellbeing perks such as private medical insurance, extra days’ holiday ...
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Employee Benefits Awards 2009: Most effective benefits strategy for organisations with 1,000 or fewer employees
WinnerGeneral Mills UK General Mills UK Employee Wellbeing StrategyThis organisation, which produces brands such as Haagen- Dazs, Old El Paso, Green Giant and Betty Crocker, has carefully aligned its business strategy of “Nourishing lives” and “Bringing food to life” to its benefits strategy, which is “Bringing employee wellbeing to life”. ...
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Employee Benefits Awards 2009: Most effective international employee benefits strategy
WinnerRBS Group RBSelect (entered by Thomsons Online Benefits)The judges felt RBS’s international benefits strategy is “well ahead of the rest of the market”. The banking group set itself a target of being the first financial services organisation to implement a flexible total reward strategy globally, and to ensure it was ...
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Employee Benefits Awards 2009: Benefits team of the year
WinnerFirstGroup Invigorating the Communication of Our Total Rewards ProgrammeUnder the careful direction of group reward and pensions director John Chilman, this team has a thorough knowledge of the organisation they work for. Each member has to take part in a two-year programme of visits to every UK bus depot so ...
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Employee Benefits Awards 2009: Most effective sickness absence management strategy
WinnerCrawley Borough Council Absence Management & Employee Wellbeing PolicyWith a workforce of 800, this council has introduced a range of new ideas, as well as using good-practice, manager-led return-to-work policies and absence monitoring schemes. The process is strict, with set targets for short-term absences and a separate procedure for long-term ...
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Employee Benefits Awards 2009: Most effective total reward strategy
WinnerZurich Financial Services Zurich Total Reward Statementand Flexible Benefits Scheme 2009 (entered by Buck Consultants)This programme was designed to engage staff with their reward and to create a link between personal and business performance. It aimed to explore the reciprocal relationship between employer and employee.A key part of this was ...
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Employee Benefits Awards 2009: Most effective pensions strategy
WinnerNutricia The Nutricia Pension and Benefits Scheme (entered by Secondsight)In this closely-fought category, the judges were impressed by Nutricia’s approach to moving from a self-administered money purchase pension plan to a group personal pension.They liked the high level of staff involvement throughout the change and the baby food manufacturer’s commitment ...
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Employee Benefits Awards 2009: Most effective use of a voluntary benefits plan
WinnerLloyds TSB Lloyds TSB Staff Offers (entered by Asperity Employee Benefits)Lloyds TSB’s voluntary benefits scheme was praised for the way it fitted into the bank’s wider total reward strategy. The scheme was launched to engage specific staff groups, such as those under the age of 30, and those who work ...
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Employee Benefits Awards 2009: Most effective application of tax-efficient benefits (Sponsored by Personal Group)
WinnerTD Waterhouse Investor Services TDWFlextraTD Waterhouse Investor Services was praised by the judges for its clear, comprehensive strategy, which uses the national insurance (NI) savings gained from offering tax-efficient perks via salary sacrifice to fund other benefits initiatives.Having run several tax-efficient benefits, including a share incentive plan and childcare vouchers, ...
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Employee Benefits Awards 2009: Most effective motivation or incentive strategy (Sponsored by Accor Services)
WinnerLadbrokes Football FrenzyThe judges were impressed with how Ladbrokes’ scheme fitted with the bookmaker’s culture and helped to engage staff with a key sporting area for the business. The judges also praised the reward programme for its well-thought-through communications and the element of fun it brought.The scheme, designed to drive ...
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Employee Benefits Awards 2009: Most effective use of reward as part of a CSR strategy
WinnerAviva Helping You Make a DifferenceThe judges awarded this entrant top prize because of the simplicity of its wide range of strategies, its back-to-basics approach and the way it practises what it preaches. The insurance giant puts an emphasis on treating people as individuals, and the benefits and rewards aspect ...
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Employee Benefits Awards 2009: Most effective all-employee share scheme strategy (Sponsored by RBC Corporate Employee & Executive Services)
WinnerLloyds Banking Group Lloyds TSB Group Sharesave SchemeThe judges praised Lloyds TSB Group for seizing the opportunity to take advantage of revised sharesave bonus rates issued by HM Treasury in September 2008 to make a one-off special offer to employees at a considerably lower, more attractive option price. The bank ...
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Employee Benefits Awards 2009: Most effective benefits strategy for working parents and carers (Sponsored by kidsunlimited)
WinnerCentrica Work:wise – Achieving the BalanceProject Martini (later renamed Work:wise) was launched to offer staff, irrespective of grade or statutory requirements, greater control over their work-life balance, while using office space more efficiently. The project’s original name aimed to promote a shift in thinking to “anytime, anyplace, anywhere” working. Also, ...
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Employee Benefits Awards 2009: Most effective company car strategy
WinnerFujitsu Fujitsu Company Car SchemeThe judges liked Fujitsu’s holistic approach to fleet management. In 2008, the IT firm updated its company car strategy for its 6,600-plus drivers. Its aims were: to optimise whole-life cost savings through formula-controlled lease agreements giving total cost transparency; to expand the choice of makes available ...
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Employee Benefits Awards 2009: Most effective use of a flexible benefits plan (Sponsored by Thomsons Online Benefits)
WinnerWhite & Case YouchooseThe judges were impressed with how the law firm went the extra mile to ensure it used its flexible benefits scheme to maximum effect. Since the scheme began in 2006, White & Case has sought employee feedback to identify how it can improve its offering, and has ...
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Pension funds backed bank remuneration in run up to crash
The vast majority of institutional investors did not challenge the remuneration reports of leading banks or the takeover of ABN Amro by the Royal Bank of Scotland (RBS) in the run up to the 2008 financial crash, the TUC reveals in its annual fund manager voting survey.The TUC‘s 2008 fund ...
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Swinton appoints Friends Provident to provide stakeholder pension
High street insurance retailer Swinton has appointed Friends Provident to supply a new group stakeholder pension scheme for its 4,700 employees.The new stakeholder scheme replaces the existing scheme provided by Winterthur Life and provides Swinton employees with a bespoke pension solution tailored to meet the specific requirements of the UK ...
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Tower Perrin and Watson Wyatt merge to form Towers Watson
Tower Perrin and Watson Wyatt merge to form Towers WatsonConsultancy firms Towers, Perrin, Forster & Crosby and Watson Wyatt Worldwide have announced they will merge, creating a new global firm called Towers Watson & Co.Towers Watson will focus its operations on three segments: benefits, talent and rewards, and risk and ...
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Employee Benefits Awards 2009 winners announced
The winners of the Employee Benefits Awards 2009 were announced last Friday during a glittering lunch ceremony at the Park Lane Hilton Hotel.The capacity event, attended by more than 650 high-level industry professionals, saw trophies presented to the winners by leading Welsh comedian Rhodd Gilbert.Among the winning employers was Ladbrokes, ...
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Babcock International Group conducts first pensions longevity swap
International law firm Pinsent Masons has advised the trustee of one of Babcock International Group's pension schemes on the first ever longevity swap with a UK pension scheme.The longevity swap is in the form of a derivative contract, with Credit Suisse, to provide longevity protection for certain of the scheme's ...