All Employee Benefits articles in Web Issue – Page 278
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Article
Employee Benefits Live: HSBC’s flexible benefits and pension plan changes
HSBC Bank has launched flexible benefits for its 55,000 UK employees and made significant changes to its pension schemes. Speaking in a conference session on flexible benefits at the Employee Benefits Live 2009, held at the Business Design Centre in London today, Peter Robotham, head of performance and reward, described ...
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Article
Employee Benefits Live: Employers should understand what employees value most
Employers should try to understand what benefits employees value most in order to design a cost-effective reward package, according Michael Rose, director of Rewards Consulting.Speaking in a master class on total reward at Employee Benefits Live 2009, Rose urged employers to create a benefits package that was the best fit ...
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Article
Employee Benefits Live: Employers must have clear plan for total reward
Employers should underpin their total reward strategy with clear business objectives, according to Professor Shaun Tyson of Cranfield School of Management.Addressing delegates in a master class on total reward at Employee Benefits Live 2009, held at the Business Design Centre in London today, Professor Tyson said organisations should decide whether ...
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Article
Employee Benefits Live: Limiting public sector pension entitlements for high paid is a distraction
Public sector pensions face a raft of changes in the future amid questions of sustainability and fairness, according to a panel of experts speaking to day at Employee Benefits Live 2009.Reacting to an announcement by secretary for state for communities and local government, John Denham that the government plans to ...
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Article
Employee Benefits Live: Wellbeing among Unilever staff saves £300k
Unilever made savings of £300,000 over the last two years after as a result of a health and wellbeing programme that was designed to improve nutrition and fitness of employees.Addressing delegates today at Employee Benefits Live 2009, held at the Business and Design Centre in London, Breckon Jones, health and ...
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Article
Buyer's guide to group personal pensions (October 2009)
Sales of group personal pension schemes are thriving as employers look to shed the burden of trust-based plans and start planning for the 2012 pension reforms, says Ceri JonesThe group personal pension (GPP) market is experiencing a second wave of growth as some employers switch from trustbased pensions to contract-based ...
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Article
Health & Wellbeing: Flexible working can reduce staff absence
Flexible working arrangements can help to reduce staff absence levels, but must be deployed in the right way to win employees’ confidence, says Peta HodgeThis was one of the findings of the Chartered Institute of Personnel and Development’s 2009 Absence management survey, published in July, which also found 56% of ...
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Article
Resistance mounts against plans to axe tax relief on childcare vouchers
Resistance against the government’s decision to scrap tax relief on childcare vouchers is mounting and a petition set up against the plans has received thousands of signatures.Childcare providers such as KiddiVouchers are urging employers and parents to sign the official Downing Street petition, which will be open until 29 September ...
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Article
Axa is to launch online pensions video
Axa Corporate Benefits is launching a new online video programme designed to engage younger employees with their corporate pension arrangement.Pensions TV is designed to overcome inertia around pensions and any difficulties employees, particularly younger staff members, might have discussing the benefit.The programmes available follow three employees who demonstrate varying approaches ...
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Article
Gordon Brown responds to concerns over childcare vouchers
Prime Minister Gordon Brown has responded to concerns over his decision to abolish tax relief on childcare vouchers.During a question and answer with Mumsnet, a global online parenting network, the Prime Minister acknowledged that his plans to carry out a phased withdrawal of tax and national insurance breaks on childcare ...
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Article
BT to raise default contribution rates for staff pensions
BT will increase the matching contribution rates for its contract-based defined contribution next April.From April 2010 the default employer contribution rate will rise to 8%, from the current 5%, with a matchingemployee contribution rate of 7%. Employees wishing to contribute a little more can also increase their matchingcontribution rates to ...
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Article
Personal Group links with Bupa to offer voluntary group income protection
Personal Group has signed an exclusive agreement with Bupa to offer its voluntary group income protection (VGIP) product.Staff fund the premiums via salary sacrifice, creating tax and national insurance (NI) savings for employees, as well as NI savings for employers. Premium rates are, on average, 30% to 40% cheaper than ...
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Article
New business fuel card launched
Employers can save money on petrol bills with the launch of a new business fuel card exclusively for use at supermarket forecourts.Accepted at around 1,000 Morrisons and Tesco stores, the fuelGenie card held by company car drivers can be used at participating supermarket fuel forecourts in much the same way ...
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Article
Caffè Nero launches health cash plan for staff
Caffé Nero Group has launched a healthcare cash plan for nearly 400 employees to offer them an affordable means of healthcare.The cafe chain has signed up to Westfield Health’s Foresight Plan.Caffé Nero HR adviser Jon Poett, said: “With the way the economy is at the moment and access to the ...
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Article
Childcare vouchers campaign gathers pace
The campaign against the government's decision to abolish tax relief on childcare vouchers has gathered pace with childcare providers lobbying politicians on the issue and a petition set up against the plans attracting more than 20,000 signatures.In addition, a Facebook site dubbed 'Save childcare vouchers' has 410 members, while the ...
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Analysis
How to run a company car fleet tax-efficiently
Recent tax legislation has opened up new potential savings for company car fleets, says Nic PatonCase study: DeloitteIt may well be, to quote Benjamin Franklin, that nothing is certain in life except death and taxes. But for company car fleet managers at least, recent legislation means that, with careful planning ...
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Analysis
The most environmentally-friendly models of company car
Manufacturers are working overtime to increase the range of green cars available, says Ashley MartinCompany fleets are increasing the use of green cars, with business travel proving the most welcoming arena for take-up of new, more efficient models and alternative technologies.Many manufacturers are racing to bring out new low-emission petrol ...
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Case Studies
Case Study: Deloitte
Case Study: Salary sacrifice savings add up for DeloitteBack in February, accountancy and business advisory firm Deloitte introduced a salary sacrifice-based company car scheme for its 12,000 UK employees.Since then, about half that number have registered for a quote and 400 confirmed orders have been taken. Mike Moore, director of ...
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Article
Childcare voucher providers team up to fight government's tax relief cuts
The newly formed association of childcare voucher providers is planning to show a united front to campaign against the government's plans to remove the current tax relief on childcare vouchers.The association, made up of 16 voucher providers including Kiddivouchers, Accor Services, Grass Roots, Computershare Voucher Services and Sodexo, have met ...
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Article
Computershare Voucher Services launches online childcare system
Computershare Voucher Services has launched an new online operating system as part of a £3 million investment programme for its childcare voucher customers.The new online system allows parents and registered carers to effectively have their own account, which can be accessed online and used to pay and redeem childcare vouchers.It ...