All Employee Benefits articles in Web Issue – Page 274
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Article
Flexible benefits report 2009
Flexible benefits: Interview with Marianne Hugget of The Work FoundationFlexible benefits: Structuring flexible benefits plansFlexible benefits employer profile: White and CaseFlexible benefits: Selecting the right perksFlexible benefits: Measuring return on investmentSponsor's comment by Lorica: What are we waiting for?
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Article
Arla Foods pleased with voluntary benefits take-up
Arla Foods has seen 18% of its 2,800 employees register for its new voluntary benefits scheme in its first three weeks.The dairy firm, known for brands such as Lurpak, Anchor and Cravendale, launched a voluntary benefits plan last month to enable staff to obtain discounts from a variety of retailers, ...
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Article
Humberside Police to extend bonus scheme
Humberside Police is looking to extend its bonus scheme and raise staff understanding of perks.The force is taking steps to widen its bonus plan to include office-based staff and recognise contributions that save it money or enhance police work in the community. Under the current scheme, bonuses are mainly awarded ...
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Article
Kellogg's switches to fully-insured private medical insurance
Kellogg's has switched its private medical insurance (PMI) from a healthcare trust arrangement to a fully-insured scheme to improve its cost-effectiveness and the service for employees.The food manufacturer carried out a market review to see the cost impact of a trust compared with fully-insured schemes. As a result, it terminated ...
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Article
Sony Pictures puts pensions in spotlight to boost take-up
Sony Pictures Entertainment is promoting its pension schemes to help employees understand the benefits and increase take-up of its stakeholder scheme.The firm runs a final salary scheme, which closed to new employees in April 2007, as well as the stakeholder plan. It matches employee contributions to its stakeholder plan on ...
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Case Studies
Case Study: B&Q updates staff recognition scheme
B&Q tools up to reward achievementIn March, DIY retailer B&Q updated its ‘thank-you’ scheme to incorporate its new corporate giftcard product. The scheme is a way for B&Q’s 34,000 staff to recognise colleagues’ achievements at work.The new scheme includes a website, which employees visit to send electronic thank-you messages. Then, ...
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Case Studies
Case Study: Allianz offers staff pre-paid cards
Allianz offers a flexible premiumInsurance giant Allianz has offered employees its Spree Flex card - a pre-paid Mastercard giving discounts at selected high-street stores - through its flexible benefits scheme since November 2007.The card does not replace high-street discount vouchers, which staff can still obtain through Allianz's voluntary benefits scheme, ...
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Case Studies
Case Study: Mace Group
Mace Group builds employee engagementConstruction group Mace is planning for recovery by building up its reward schemes, despite gloom in the sector.HR director Kath Knight explains: "Unlike many in our industry, Mace Group has not taken any action to reduce employee benefits during these challenging times. In fact, we have ...
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Case Studies
Case Study: Computacenter
Honesty is the best policy for ComputacenterComputacenter is reviewing its benefits package with the aim of helping staff until better times arrive.Barry Hoffman, director of human resources, says: "In the current climate, staff value job security more than gimmicky perks. We are undertaking a review of all our benefits, working ...
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Case Studies
Case Study: Babcock International
Babcock engineers a longevity swapEngineering firm Babcock International has done a deal to take the risk of retirees living longer than expected out of its defined benefit (DB) pension scheme.The deal, known as a longevity swap, paid Credit Suisse to take on the longevity risk. If employees live longer than ...
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Article
Bupa employees volunteer in Ecuador
Healthcare company Bupa will launch its largest ever staff volunteering challenge in a remote village in Ecuador this month.Around 120 Bupa employees from across the globe will travel to Ecuador between September and November to build essential health facilities for the small agricultural community of Miraflores, where a doctor only ...
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Article
ABM University NHS Trust to launch staff rostering and absence system
ABM University NHS Trust has appointed Kronos to manage employee rostering and time and attendance across three main hospital sites. The system will cover clinical, administrative and nursing staff.The staff rostering system, to be used by nearly 5,000 employees, will enable the Trust to improve the utilisation of clinical staff ...
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Article
Employers given advice on executive remuneration
A set of principles aimed at helping HR, reward and benefits professionals directors develop executive remuneration policies, practices and structures has been launched by the Chartered Institute of Personnel and Development (CIPD).The ten principles, designed to be applicable across sector, industry and organisation size, advises employers to have a clear ...
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Article
Top UK directors can retire on nearly GBP250,000 a year
Directors of the UK’s top companies can retire on pensions of nearly £250,000 a year, an increase of more than 23% on last year, according to a survey published today.The TUC’s seventh annual PensionsWatch survey, which analyses the pension arrangements of 373 directors from 103 of the UK’s top companies, ...
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Article
Dundas and Wilson launches online Equality Bill guide
Law firm Dundas and Wilson has launched an online guide to the Equality Bill.The Equality Bill Zone is aimed at making it easier to keep up-to-date with developments on the Bill, which comes into law next autumn.The new legislation, which among other things will make secrecy clauses on pay illegal, ...
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Article
MPs given generous meal deals in Commons
With MPs taking flak over their expenses in recent months, one might suggest that the Palace of Westminster acted as something of a safe haven for our elected representatives while the metaphorical bullets were flying.Now a further reason to stay in the Commons has emerged - the food there is ...
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Article
Ceridian teams up with White Eagle on pre-paid cards
HR services provider Ceridian has chosen White Eagle (Europe) to supply a new prepaid payroll card to its clients.The Ceridian Evolution Prepaid MasterCard can have bonuses or cash rewards loaded onto it, and takes away the need to issue cheques or cash, particularly in the case of employees who do ...
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Article
The Fairhurst Partnership appoints Punter Southall
The Fairhurst Partnership has appointed Punter Southall as pensions administrators and advisers to the company's trustees.Punter Southall will offer support to the trustees of defined benefits and defined contribution schemes comprising more than 800 members and £25m in assets. Fairhurst employs 500 people.Speaking on the appointment, Martin Cullen, director of ...
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Article
Groupama launches new legal cover for SMEs
Insurance provider Groupama has launched a new legal cover to target small-to medium-sized enterprises (SMEs).The Optima Liability cover offers public and products liability up to £5million limit of indemnity, employers’ liability up to £10m of indemnity and legal defence costs in defending claims admitted under the policy.Malcolm Smith, commercial lines ...
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Article
Buck Consultants appoints Girish Menezes for global role
Buck Consultants has appointed Girish Menezes as principal to lead the firm’s business development in the global HR technology and administration (GHRTA) practice in the UK and mainland Europe.Menezes joins from a pensions outsourcing firm and has over 15 years’ experience to bring to the practice. He has knowledge of ...