All Employee Benefits articles in Web Issue – Page 272
-
Article
Axa appoints new managing director of corporate benefits business
Axa has appointed Paul McMahon as managing director (MD) of Axa Corporate Benefits.McMahon, who will replace Steve Edwards, will take up the role from 1 October 2009. McMahon most recently held the position of Md of Axa Distribution Services where he oversaw the development of the company's wrap platform.He said: ...
-
Article
Employers use team sport instead of beer to motivate staff
It appears that the age-old tradition of swilling pints after work is being cast aside, as employees are increasingly getting involved in team sport events with other colleagues.Perhaps this change in culture will reduce hangover rates in the workforce, while also minimising staff absences on a Monday triggered by the ...
-
Article
Center Parcs launches payroll giving scheme
Center Parcs has joined the Geared for Giving Campaign and launched a workplace giving scheme for its 6000 employees.†The payroll giving scheme enables employees based in the firm's head office and its four main locations across the UK to give to a charity of their choice tax efficiently. Employees make ...
-
Article
Employers have critical role to play to deal with looming benefits costs
A report, Transforming Pensions and Healthcare in a Rapidly Ageing World: Opportunities and Collaboration Strategies, published by The World Economic Forum with the support of Mercer and the Organisation for Economic Cooperation and Development (OECD) shows that the ratio of elderly persons to the working-age population will dramatically increase in ...
-
Article
Thomson Regional Newspapers' pension fund in bulk annuity contract deal
The Pension Insurance Corporation (PIC) will insure the remainder of the Thomson Regional Newspapers (TRN) pension fund, sponsored by Citigroup.The trustee directors of the TRN pension fund purchased a bulk annuity contract from PIC, the regulated insurance arm of Pension Corporation that is authorised by the Financial Services Authority (FSA). ...
-
Article
Donald Duval appointed as head of Aon Pension Solution
Industry leader and pensions expert Donald Duval has been appointed head of the Aon Pension Solution, an offering Aon Consulting announced in alliance with Russell Investments in March.For the past 18 months, Duval has acted as managing director of Pensions Consulting at Aon, but having played an integral role in ...
-
Article
Sponsor's comment: What are we all waiting for?
Flex has a big role to play as businesses move out of recession, says Tobin Coles, director, flexible benefits and marketing, at Lorica OnlineChallenging times continue for our businesses. The pace of restructuring has slowed, but it is clear that the echo of substantial changes organisations have had to make ...
-
Article
Flexible benefits: Interview with Marianne Huggett of The Work Foundation
Flexible benefits can make a big difference to the working environment and are good for business, says The Work Foundation’s Marianne Huggett. Nicola Sullivan reportsAs associate director of The Work Foundation, Marianne Huggett is well versed in the business benefits employers can gain by offering their staff choice through a ...
-
Case Studies
Case Study: Munich Re's business objectives for flexible benefits
Reinsurer Munich Re had specific business objectives in mind when it set up its flexible benefits scheme in 2007.The organisation had been operating as three distinct divisions, each with its own culture, workforce profile and benefits package. But employee engagement levels were generally low, and staff turnover in one of ...
-
Case Studies
Case Study: Law Society staff take cash under flexible benefits scheme
Just over one in 10 (11.5%) of the Law Society’s 1,400 employees have opted to take cash instead of perks under the organisation’s new flexible benefits scheme, launched at the turn of the year.The scheme, called Your Flex, was introduced alongside performance-related pay and pensions salary sacrifice with the aim ...
-
Case Studies
Case Study: Cofunds selects flexible benefits
Financial services company Cofunds operates in a sector where demand for talent is high and generous remuneration is expected, so it needed a package to support growth.It chose a flexible benefits plan to improve the perceived value of reward and, ultimately, to act as an effective recruitment and retention tool.The ...
-
Article
Selecting the right perks for a flexible benefits plan
Flexible benefits plans can help both employers and employees in hard economic times, but any scheme must include the right elements, says Peta HodgeMost organisations find it hard to take radical, positive action in a recession. But if employers are brave enough, this could be the ideal time to restructure ...
-
Article
Massive gender pay gap uncovered in finance sector
Female employees in some of the UK's leading finance organisations receive around 80% less in performance-related pay than male colleagues, according to the Equality and Human Rights Commission's (EHRC) Finance Sector Inquiry.The report also found nearly all women taking up new jobs in the companies surveyed earn lower average starting ...
-
Article
Flexible benefits employer profile: White and Case
International law firm White and Case had a lot to consider when introducing a flex scheme for its UK staff, but it has won them over, says Tom WashingtonWhatever the size of an organisation’s workforce or the type of industry it operates in, implementing a flexible benefits scheme is a ...
-
Article
Guide Dogs for the Blind Association to launch voluntary benefits
The Guide Dogs for the Blind Association is to launch a voluntary benefits scheme and seek staff feedback about perks as a precursor to introducing flexible benefits.When the voluntary scheme goes live this month, the organisation's 1,050 employees will be invited to say, via surveys and focus groups, what benefits ...
-
Article
Structuring flexible benefits schemes
Deciding which perks to include in a flexible benefits scheme can be a tricky task for employers, says Laverne HadawayThere is no secret formula for deciding the optimum number of benefits in a flex scheme. Instead, it will largely depend on factors such as an organisation’s culture and workforce demographics, ...
-
Article
Buyer's guide to private medical insurance (September 2009)
Many employers have been amending their PMI provision, but the perk is surviving the downturn, says Nicola SullivanAlthough the private medical insurance (PMI) market seems to be weathering the economic storm, this is mainly because it has been propped up by a rise in the number of individual policyholders, which ...
-
Article
Interview with Catherine Slattery, people and development manager, Malmaison and Hotel du Vin
Catherine Slattery, people and development manager at Malmaison and Hotel du Vin, says good communication is the key to engaging a multicultural workforce with benefitsAs far as workforces go, hotel chains have one of the most culturally diverse, flexible and transient set of employees to keep motivated and engaged. But ...
-
Article
Flexible benefits: Measuring return on investment
Measuring the success of flexible benefits is key to ensuring a plan is providing value, so Sarah Coles looks at the methods employers can use to ensure their scheme is paying its wayThe purse strings have never been tighter, and finance departments want to be sure every penny of expenditure ...
-
Article
The Big Question: Has the time come for a High Pay Commission?
We ask the experts for their opinions... have your say online at: http://forum.employeebenefits.co.ukGavin Hayes, general secretary of Compass, the political pressure group:Compass has launched a campaign to establish a High Pay Commission to instigate an evidence-based investigation into the effects of high pay on our economy and society.The global economy ...