All Employee Benefits articles in Web Issue – Page 267
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Article
Employee Benefits/Hymans Robertson Pensions Research 2009
Pensions research: about the respondents; key findingsPensions research: Attitudes to pensionsPensions research: Types of pension scheme offeredPensions research: Pensions legislationPensions research: Investment strategiesSponsor's comment: Pensions become a priorityEditor's CommentOperating a pension plan can be like gardening. Schemes and plants both require a lot of nurturing to flourish. And, in some ...
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Article
Confessions of a benefits manager: Parking predicament
The daily battle to find a space in the office car park degenerates, until Candid decides some Machiavellian tactics are called for. However, the threat of more redundancies may not be entirely bad newsBig Bad Boss looks pointedly at his watch, then gives me a short lecture on punctuality. Fair ...
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Article
Buyer's guide to cycle-to-work schemes (August 2009)
Cycle-to-work schemes pay off in many ways, but check the compliance details, says Scott BeagrieCycle-to-work schemes allow employees to benefit from a long-term, tax-free loan of a bicycle and safety equipment. The tax exemption was introduced in the Finance Act 1999 and is aimed at reducing traffic congestion and pollution, ...
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Article
Buyer's guide to dental benefits (August 2009)
The recession has taken its toll on sales of dental plans and a proposed overhaul of NHS dentistry may slow the market further, but flexible benefits schemes are offering an economical way ahead, says Sam BarrettDIY extractions, hundred-deep queues for a place with a National Health Service (NHS) dentist, and ...
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Article
Aon Consulting research: Pay rise preferred to perks
Nearly half of UK workers (47%) would welcome the chance to trade down their benefits in order to increase their pay.According to the Benefits Omnibus survey by Aon Consulting, which canvassed 1,300 working adults, 47% were more concerned about the immediate future and ensuring they had as much take-home pay ...
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Case Studies
Employer profile: Telefonica O2 UK
As a leading player in a highly-competitive market, Telefonica O2 is keen to connect its staff to distinctively different reward, says Tom WashingtonLooking down over the hundreds of headset-wearing customer service staff working in Telefonica O2 UK’s vast Runcorn call centre brings the task of a reward manager sharply into ...
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Article
Trader Media Group introduces online total reward statements and flexible benefits
Publishing company Trader Media Group is to introduce online total reward statements and a flexible benefits scheme for its 1,700 employees in the UK and Ireland in 2010.The company, which publishes titles such as Auto Trader magazine, will also roll out a new HR, payroll and expenses system in November ...
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Article
JLT Online Benefits launches integrated employee benefits system
JLT Online Benefits has launched an online integrated benefits management system.The system uses a single database of staff information, which is uploaded by the organisation. This can then be linked with a variety of perks, including pensions, flexible benefits plans, and risk and healthcare perks. Charlie Carrick, sales director at ...
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Article
Motivano launches employee savings platform
Motivano has launched a new employee savings platform, giving access to a regularly-updated range of voluntary offers and discounts.Its key features include the ability for employers to brand the website to reflect their reward strategy and organisational brand, and to include video messaging. Staff can build a portfolio of their ...
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Article
Bankhall perks up pensions, holidays and launches flexible benefits
Bankhall has launched an online flexible benefits scheme, and has improved its pensions and holiday perks.The supplier of support services to financial advisers had previously provided its staff with a set of core benefits depending on grade, which included a minimum holiday entitlement of 20 days a year, rising to ...
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Article
Vodafone increases employee sharesave take-up
Vodafone has increased take-up of its employee sharesave scheme after enabling staff to apply by sending a text message.The mobile phone company has seen a 12% year-on-year increase in the number of staff signing up for sharesave, with 27% of applications being made via text message.Employees who applied by text ...
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Article
O2 appoints BlackRock to provide DC fund
Telefonica O2 UK has appointed BlackRock as its investment-only provider to manage £30 million in assets in its defined contribution (DC) pension plan.The DC part of the O2 Pension Plan has around 3,000 members who will now be able to choose BlackRock funds.The multi-asset BlackRock DC Diversified Growth Fund is ...
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Article
Regis launches flexible benefits for senior managers
Hairdressing firm Regis International has introduced a flexible benefits scheme for its senior managers in the UK as part of efforts to consolidate perks after a spate of acquisitions and to increase employee loyalty.Implementing flex was Regis's first step towards consolidating 14 different benefit schemes that it inherited through a ...
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Article
Sex discrimination warning to employers making redundancies
Firms making redundancies could leave themselves open to sex discrimination claims if they fail to consult properly with employees who are on maternity leave and are affected by restructuring.The right to statutory maternity pay should be guaranteed for employees on maternity leave, whether they are made redundant or not. During ...
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Article
Employee Benefits research: Pension reforms will not fix crisis
The government still has a long way to go to convince all employers of the merits of the pension reforms that are due to come into effect in October 2012 under the Pensions Act 2008.Just 10% of respondents to the Employee Benefits/Hymans Robertson Pensions Research 2009 believe the reforms, which ...
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Article
Abbott launches flexible benefits and online total reward statements
Global healthcare and medical research firm Abbott has launched a flexible benefits plan and online total reward statements (TRS), as well as revamping its voluntary benefits.The scheme, branded Abbott Life, went live for the company's 2,000 UK employees in June and was implemented by Vebnet. The voluntary benefits plan is ...
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Analysis
How staff bonus schemes can be successful in a recession
All-employee bonus schemes can work well in a recession, helping staff to identify with company performance and objectives, says Peta HodgeSummary:All-employee bonus schemes can help manage the pay bill in a recessionThey help staff identify with the business's overall performance and so are a useful communication toolProfit-sharing feels equable and ...
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Analysis
Group risk providers are offering improved products
Competitive group risk providers are offering an increasing range of free add-on services and products to their core cover plans, says Sam BarrettGroup risk benefits are designed to pay out an agreed amount of money in the event of a claim made if an employee is unable to work. But, ...
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Analysis
Reward for temporary staff
How should temporary staff be treated when it comes to reward? Victoria Furness looks at the moral and legal considerationsThe UK is recognised as having one of the most flexible labour markets in Europe, which many business leaders attribute to the large proportion of temporary workers in the country.The government ...
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Article
Debi O'Donovan, editor of Employee Benefits: Can public sector rise to the challenge on DB pensions?
The Employee Benefits/Hymans Robertson Pensions Research 2009, published this month, shows that an overwhelming 87% of employers now offer a defined contribution (DC) pension scheme. This is now almost double the number of organisations that offer a defined benefit (DB) pension scheme (but bear in mind that most respondents are ...