All Employee Benefits articles in Web Issue – Page 277
-
Article
Hewitt and Benefex link up to to deliver reward services
Hewitt Associates and Benefex are teaming up to deliver reward and benefits services across the UK and globally.The partnership, launched at Employee Benefits Live this month, will enable employers to purchase consulting, technology and benefits delivery services relating to total reward, voluntary benefits and flexible benefits schemes.Organisations will also be ...
-
Analysis
News analysis: Merger and acquisition activity on the rise
Merger and acquisition activity appears to be on the increase again, and benefits professionals face a major task when organisations unite, says Ben JonesWith the possible takeover of Cadbury’s by US food giant Kraft and a proposed merger of Orange and T-Mobile hitting the headlines recently, mergers and acquisitions (M&A) ...
-
Article
Goodrich Corporation achieves high sharesave take-up
More than half of employees at aerospace manufacturer Goodrich Corporation have opted to take part in its new sharesave scheme.The company has achieved a take-up rate of more than 58% among its 2,500 workers.Staff can choose to take part in either a three- or five-year plan. Jayne Gill, HR shared ...
-
Article
Pearl Group launches flexible benefits
Pearl Group has launched a flexible benefits scheme for 700 of its life company and corporate office staff.The scheme, called Flexit, went live this month and replaces a previously limited range of benefits.The plan has been split into three categories: lifestyle perks, including the opportunity to buy and sell holiday; ...
-
Article
Axa launches voluntary benefits scheme
Financial services firm Axa has launched a new voluntary benefits scheme for its 10,000 employees across the UK.The new scheme, which went live in September, offers staff discounts at over 1,500 retailers online, by telephone, and on the high street. It offers brands such as Sainsbury's, Debenhams, Vodafone and Comet ...
-
Article
Share plan membership breeds staff loyalty
Employees who are members of a company share plan work harder and stay with their employer longer, according to the Share Plan Study from Computershare and the London School of Economics.The research, which surveyed more than 3,000 workers, also showed almost one-third (30%) of share plan members said they would ...
-
Article
Informa adds RSS feed to upgraded benefits portal
Informa has overhauled its employee benefits portal with a series of technological enhancements to maintain and improve staff engagement.The media firm, which has 3,000 UK staff, will reveal the updated portal when its benefits election window opens in November. The portal is being rebranded to match the booklet Informa sends ...
-
Article
BSM launches GPP scheme
BSM has launched a new group personal pension (GPP) scheme for its 370 retail and head office staff.Under the scheme, which went live in September, staff will be required to contribute a minimum of 3% of salary to receive a matched employer contribution. For most employees, BSM will match up ...
-
Article
Catlin expands share plan globally
Insurance company Catlin has extended its employee share scheme to include staff in Bermuda, Germany, Canada and Singapore.The firm, which employs 1,300 staff globally, previously offered a sharesave (save-as-you-earn) scheme to 699 UK staff and a stock purchase plan to 273 US staff.Rapid expansionAfter rapid global expansion in recent years, ...
-
Article
Debi O'Donovan, editor of Employee Benefits: Industry leaders prepare for better times ahead
This month, the 11th annual Employee Benefits Live exhibition and conference takes place in London. This huge gathering of reward professionals promises to be the biggest in the event’s history, demonstrating how crucial reward and benefits practices are today.Over the years, I have been regularly asked about trends in the ...
-
Analysis
What changes to the state second pension will mean for employers
Impending changes to the state second pension will have consequences for employees at all levels, says Sarah ColesIf you read nothing else, read this...At the moment, the state second pension (S2P) is linked to earnings, providing a compulsory earnings-linked pension for everyone in work.From 2012, it will gradually switch to ...
-
Analysis
Offering private medical insurance through a healthcare trust
Switching private medical insurance cover to a healthcare trust can save money for large organisations, says Debbie LovewellIf you read nothing else, read this…Healthcare trusts are most suited to larger organisations that provide private medical insurance to a number of employees.Trusts are typically set up as a subsidiary of an ...
-
Analysis
Commission versus base pay
Finding the right balance between basic pay and commission is crucial to rewarding salespeople, says Tom WashingtonIf you have ever had dealings with a persuasive, perhaps forceful, salesperson, the chances are they were thinking more about the money they stood to earn from the sale than finding the right deal ...
-
Analysis
The pensions buyout market
The pensions buyout market is starting to recover after a sharp decline, but employers are keen to find the right de-risking options, says Nicola SullivanThe pensions buyout market is in a state of flux. It reached its peak as the economy headed towards recession, gobbling up the risk associated with ...
-
Analysis
Using voluntary benefits to motivate staff
Discounts offered through a voluntary benefits scheme can help keep staff motivated when budgets are tight, says Victoria FurnessMoney may be the root of all evil, but it is also widely recognised as a big driver of employee performance and motivation. So in the current economic climate, with job cuts ...
-
Analysis
Tailoring employee share scheme particpation to suit workforce demographics
Share schemes have had a rough time, and employers must tailor participation to suit their own workforce, says Laverne HadawayIf you read nothing else, read this...Stock market falls have shown just how risky share schemes can be for staff, so they must beware of putting too much of their savings ...
-
Article
Buyer's guide to electronic voucher cards (October 2009)
The versatility of electronic voucher cards is helping their popularity overtake paper vouchers, says Alison ColemanTrends in benefits may come and go, but gift and motivation vouchers remain a favourite among employers and staff, particularly in the current economic climate, when they can be used to help workers’ money go ...
-
Case Studies
Employer profile: Pret A Manger
With a fun culture and a bonus system that rewards good customer service, staff at Pret A Manger seem a pretty happy bunch, reports Nicola SullivanA basement office deep in the bowels of a Pret A Manger store on Baker Street in London is probably not where you would expect ...
-
Case Studies
Case Study: Carphone Warehouse
Case Study: Carphone Warehouse hangs up on commissionCarphone Warehouse removed commission from all its London stores in November 2008. Following a successful trial, it has now extended this to its 820 stores across the UK.Andrew Harrison, Carphone Warehouse chief executive, says the organisation recognised that the mobile phone retail industry ...
-
Article
Employee Benefits Live: Employers must adopt moral and fair approach to reward
Duncan Brown, director of reward services at the Institute of Employment Studies emphasised to employers the importance of ensuring they adopted a moral and fair approach to reward during the tough economic climate.Addressing delegates attending the opening keynote session at Employee Benefits Live, held at the Business Design Centre in ...