All Employee Benefits articles in Web Issue – Page 291
-
Article
Dealing effectively with absenteeism
This article has been supplied by our channel sponsor, Health Shield.Absenteeism can have a suffocating effect on UK businesses, amounting to millions lost in working days and plummeting productivity in both the private and public sectors.Absence management is a crucial part of creating a happy and healthy workforce and ultimately ...
-
Article
AllianceBernstein launches default investment strategy
Global investment firm AllianceBernstein has launched a bespoke range of funds for defined contribution (DC) schemes.The funds combine features from the traditional approaches of lifestyling and balanced (diversified growth) strategies.The AllianceBernstein Customized Retirement Strategies is aimed at DC pension members who do not have the time or inclination to make ...
-
Analysis
Economical alternatives to company pool cars
Pool cars can be a costly way to provide staff vehicles and there are better alternatives, says Nic PatonIf you read nothing else, read this...Pool fleet cars need to be in use 50% of the time just to break even.Pay-as-you-go car clubs can be an alternative to pool vehicles, but ...
-
Article
Government revises decision on childcare voucher tax breaks
The government has revised its decision to phase out tax and national insurance breaks on childcare vouchers.The relief will now be applied to all vouchers at the standard income tax rate of 20%. Higher earners will still be entitled to the basic-rate tax saving.Ant Donaldson, a senior specialist in employee ...
-
Article
Marriott Hotels signs fleet management contract with ING Car Lease
Leisure business Marriott Hotels has signed an exclusive fleet management contract with ING Car Lease.Marriott has appointed the leasing firm to handle its contract hire, risk management, accident management and rental needs.Marriott, which operates nearly 60 hotels in the UK and Ireland, runs a fleet of about 220 cars, with ...
-
Article
Fair Care joins forces with NCP to offer a salary sacrifice car parking scheme
Benefits provider Fair Care has joined forces with parking firm NCP to offer a salary sacrifice car parking scheme.The Smart Parking Scheme will enable staff to save up to 50% on their regular parking costs. The standalone product is administered by Fair Care.Staff are issued with an NCP Space card ...
-
Article
Corona Energy relaunches group personal pension
Corona Energy, a leading commercial energy supplier of natural gas to British-based businesses, has re-launched its group personal pension plan (GPP).Corona Energy had an existing GPP in place but it was some time since a systematic review to assess the scheme had taken place.It has appointed benefits consultancy Cartlidge Morland ...
-
Article
Work-related stress leaves employers vulnerable
This article has been supplied by our channel sponsor, Health Shield.Work-related stress remains a significant concern for employers and employees across the UK.†According to 2008/09 figures from the Labour Force Survey (LFS), an estimated 415,000 workers in Britain believe that theyve experienced work-related stress to such a degree that it’s ...
-
Article
Snap-On switches private medical insurance provider
Automotive tool manufacturer Snap-On has switched private medical insurance (PMI) providers to improve efficiency, and has used the savings to launch an employee assistance programme (EAP) for its 600 staff.Snap-On’s PMI benefit was previously provided by Bupa, but after a market review by consultancy Jelf Employee Benefits, it found its ...
-
Article
Ongoing pension reviews see DB schemes being fazed out
Only one in ten defined benefit (DB) pension schemes now remain open as employers continue to review their pension provision ahead of 2012, according to research by the Association of Consulting Actuaries (ACA).The 2009 ACA Pension trends survey, which involved private sector firms with combined total assets of £139billion, found ...
-
Article
Towers Perrin and Watson Wyatt complete merger
The merger of employee benefits consultancy firms Watson Wyatt and Towers Perrin has been completed to form global professional services company Towers Watson.Watson Wyatt's chief executive John Haley will serve as Towers Watson’s chairman and chief executive and Towers Perrin's CEO Mark Mactas will serve as deputy chairman, president and ...
-
Analysis
Ensuring pay levels are right for staff posted abroad
Detailed research is needed to ensure pay levels are right for staff posted abroad, says Scott BeagrieDetermining pay levels for staff on foreign assignment presents many challenges for HR and reward professionals, particularly when the posting is to an entirely new region or territory for the organisation. They must ensure ...
-
Analysis
Communicating benefits globally
Communicating benefits across the world raises a number of issues that must be resolved, but the effort is worthwhile for international employers, says Peta HodgeAdopting an international strategy to communicate benefits across all the countries in which an organisation operates has many potential difficulties. A multinational company might be operating ...
-
Analysis
Calculating the right reward package for expatriate employees
Many factors must be taken into account for employers to calculate the right reward package for expatriate employees, says Sam BarrettLower taxes and prices abroad are great for a two-week holiday, but such differences can have serious consequences for employers looking to place staff overseas on assignments. While some expatriates ...
-
Analysis
Interview with Jeremy Hill, chairman of the International Employee Benefits Association
Jeremy Hill, chairman of international industry body IEBA, explains global change is afoot, says Sarah ColesSometimes it seems the only constant in the world of international employee benefits is change: change within the regulations and practices of each country, transformations in the global landscape of employee benefits, and continual reinventions ...
-
Article
Sponsor's comment: The importance of compliance around healthcare for expatriate staff
Mark Coleman, UK sales director at Cigna International Expatriate Benefits, explains the importance of compliance around healthcare for expatriate staffAs far as an organisation’s expatriate population is concerned, employers would have to be living under a rock to avoid the real and growing importance of legal and regulatory requirements associated ...
-
Case Studies
Case study: Royal Bank of Scotland gives credit for local choices
Communications have been central to the Royal Bank of Scotland Group (RBS) rolling out its successful flexible benefits programme, RBSelect, to an international workforce.The solution was a communications toolkit – a suite of options from which local managers could select, according to their country’s particular requirements and budget.Jim Cowan, a ...
-
Article
Patrick Bradley appointed at Orange
Orange UK has appointed Patrick Bradley as reward director.Bradley is leaving his role as head of reward at Lloyds TSB after 18 months to take over from Juliette Edmonds, who is moving to a group role in the mobile phone company. Bradley’s new responsibilities will include staff pay, bonuses, incentive ...
-
Analysis
Special report: International Reward
Read our latest supplement on international reward:Interview with Jeremy Hill, chair of industry body IEBACalculating the right reward package for expatriate employeesCommunicating benefits globallyEnsuring pay levels are right for staff posted abroadSponsor's comment: The importance of expatriate healthcare compliance
-
Article
Neuberger Berman switches to stakeholder scheme with Friends Provident
Neuberger Berman has replaced its existing occupational defined contribution scheme with a new group stakeholder pension scheme for its UK employees.The global independent asset management firm has appointed Friends Provident to implement and manage the new stakeholder scheme.Through the new scheme, Neuberger Berman’s UK employees will have immediate access to ...