All Employee Benefits articles in Web Issue – Page 286
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Sandy Wilson joins Co-operative Financial Services
Sandy Wilson has joined Co-operative Financial Services as function leader, performance and reward.He was previously interim European reward director at Kellogg’s where he was responsible for providing European reward and expatriate expertise and support to 19 countries, with a total employee headcount of 7,500.
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Lindsay Tomlinson starts at NAPF
Lindsay Tomlinson has now taken over as chairman of the National Association of Pension Funds (NAPF).Tomlinson took over the position from Chris Hitchen, whose two-year term in office ended at last month’s NAPF annual general meeting.
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Half of organisations to freeze pay in 2010
Half of UK employees will have their pay frozen in the next year, while only a small minority can expect a rise above the rate of inflation.Research by the CBI and recruitment firm Harvey Nash revealed that 47% of employers are planning to freeze pay altogether, while only 4% plan ...
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Half of employers now offer wellness strategy, says Buck
Almost half of employers now provide wellness programmes to motivate and retain staff, according to new research by Buck Consultants.Half of the 64 major UK institutions surveyed in Bucks' Working Well: A Global Survey of Health Promotion and Workplace Wellness Strategies research had a wellness strategy for their employees in ...
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Queen's Speech outlines plans to tackle gender pay and bankers' bonuses
The Queen has outlined the government's plans to tackle the gender pay gap, improve working conditions for agency workers and crack down on bankers' bonuses in her speech at this year's State opening of parliament.Addressing the House of Commons, the Queen spoke of introducing the Equality Bill in order to ...
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FTSE 350 could have pension deficit wrong by GBP40 million
FTSE 350 companies may be collectively overstating or understating their pension liabilities by as much as £40 billion.According to data analysed by the global consulting, outsourcing and investment services provider Mercer, at 31st March, the long-term price inflation assumptions of the FTSE 350 varied by 0.8% from 2.6% to 3.4% ...
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Public sector HR professionals urged to review policies to cope with cost efficiency drive
Public sector HR professionals have been urged to review job roles, strategies and processes to cope with cuts in public expenditure and deliver savings outlined in the government’s cost cutting agenda.Addressing delegates attending the Chartered Institute of Personnel and Development’s (CIPD) annual conference in Manchester, Gillian Hibberd, president of the ...
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Staff at meat processing plant clock off for toilet breaks
Spending a penny is not just a polite euphemism for some employees.Staff at Dunbia’s Sawley-based meat processing plant have to clock out every time they need to relieve themselves. This means they are not paid when they go to the toilet.The company has confirmed that the measure is in place ...
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Senior executives share pain of the recession
Senior executives are sharing the pain of the recession felt by shareholders and other employees, with typically only finance directors receiving pay increases, according to Watson Wyatt's 2009 Executive Reward Survey.Salaries for UK executives were frozen in 2009, with the median salary increase for chief executives and other directors (but ...
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Iron Mountain launches flexible benefits
Iron Mountain has appointed Aon Consulting to develop and implement a flexible benefits programme for its UK employees for the first time.In addition to traditional benefits such as life assurance, critical illness dental insurance and the ability to buy and sell holidays, the information protection and storage services firm added ...
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Bank of England to implement HR and payroll system
Logica has been appointed by the Bank of England to participate in the ongoing development of its HR services by providing benefits, talent management and payroll administration software.The five-year HR services contract will see Logica work with the bank to help drive continuous improvement in the delivery of HR services ...
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InterGlobal launches two private medical plans for African market
International private medical insurer InterGlobal has launched two new private medical insurance (PMI) plans designed especially for the African market.The new plans are available either as individual or group schemes and offer two levels of cover.The Africa UltraCare Standard Plan provides comprehensive cover against the cost of inpatient medical treatment, ...
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Steve Bee to leave Scottish Life
Scottish Life, the pensions specialist arm of the Royal London Group, has announced that Steve Bee, head of pensions strategy, will be leaving on 20 January 2010.Bee has been with Scottish Life for more than 12 years. He said: “I’m going to be pretty busy over the next few weeks, ...
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Walker Review puts pressure on banks to disclose high pay
Large banks are under pressure to disclose how many members of staff earn more than £1 million as a result of recommendations outlined in a review conducted by banker David Walker.The Walker Review, published today, also proposed extending the role of the remuneration committee to cover the remuneration policy for ...
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Private sector defined benefit schemes still suffering, says NAPF
The recession has continued to take its toll on private sector defined benefit (DB) pension schemes, according to new research by the National Association of Pension Funds (NAPF).The NAPF’s Annual Survey has revealed that 23% of schemes remain open to new members, compared to 28% a year ago.Further changes are ...
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Vodafone plans to close final salary pension to all staff
Vodafone has announced plans to close its final salary pension to future accrual.The mobile telecommunications giant informed around 4,000 active members of the defined benefit (DB) scheme in a letter earlier this week.A spokesman for Vodafone said the scheme's liabilities have become unsustainable. Company accounts showed the scheme had a ...
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Hamster hotel for staff who want to get out of the rat race
Employers in France could give their staff a break from the rat race by putting them up in a hotel where guests live like hamsters.Treating staff to a night at the Hamster Hotel in Nantes could also complement an employer’s health and wellbeing strategy. For example, guests are encouraged to ...
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FTSE 100 pension deficit doubles
The FTSE 100's defined benefit (DB) pension deficits reached £72bn at the end of November, double that of the beginning of the year when the figure stood at £36bn.According to consultancy Towers Perrin, the deficit is continuing to grow despite recently improving asset values, with equity market gains being swallowed ...
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Integrated Project Systems launches online absence management system
Integrated Project Systems (IPS) has launched an online absence management tool designed to increase business efficiency by helping organisations to track absence records more effectively. The launch of MyWebWorkplace.net gives managing directors, HR departments, line managers, and individual staff members 24/7 access to holiday and sickness entitlement, allowing strategic planning ...
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Acco seeks European unity for company car scheme
Office supplies firm Acco is to standardise its company car policy across Europe to streamline the benefit and improve its green credentials.Each of the 15 European countries in which it operates, including France, Germany, Italy and several in eastern Europe, previously ran its own scheme, often with several providers and ...