All Employee Benefits articles in Web Issue – Page 296
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Article
Torus appoints Jackie Richardson to head global HR
Global insurer Torus has appointed Jackie Richardson as head of global HR.Reporting to global chief operating officer Naveen Anand, Richardson will implement and lead HR strategy for the group worldwide. She said: "I am excited to be part of Torus in taking in the responsibility of recruiting, retaining and developing ...
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Article
Conwy Council revises recognition and long-service award schemes
Conwy Borough Council has revised its employee recognition scheme and is looking to revamp its long-service awards.The Welsh authority, which has 5,000 staff, has extended its recognition scheme to include more categories. These include the Customer service award, Colleague of the year award, Manager of the year award and a ...
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Article
Mills and Reeve brings health screening on-site
Law firm Mills and Reeve is to introduce on-site health screening for its 800 staff via a salary sacrifice arrangement.It will offer the perk through its flexible benefits scheme and plans to launch screenings in April for staff at its Birmingham office before rolling it out to its other five ...
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Article
BDO Investment Management partners Staffcare for flexible benefits schemes
BDO Investment Management (BDOIM) has agreed a partnership deal with Staffcare to use its software to offer flexible benefits.The arrangement will enable BDOIM to offer flex schemes to new and existing clients. Staffcare will provide the flex technology, which will be branded for BDOIM. BDOIM will then provide consultancy and ...
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Article
French Connection peddles cycle-to-work scheme
French Connection is communicating its newly-launched cycle-to-work scheme to boost take-up of the perk.The clothing retailer introduced the scheme in December for staff in all its retail stores as well as its head office in Camden, London, and distribution centre in Purfleet. It has promoted it internally using posters, emails ...
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Article
News analysis: Should staff be paid if they can't get to work?
Should employees still be paid if exceptional circumstances prevent them from getting to work? Nicola Sullivan looks at the factors to considerStrike action that disrupts public transport, adverse weather conditions, or being stranded abroad because of a delayed flight can all make it impossible for an employee to get to ...
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Article
IFF research: Most employees expect to retire between ages 61 and 65
Between ages 61 and 65 is the most popular age bracket in which employees expect to retire, regardless of how much they earn.More than 40% of respondents said they expected to retire between age 61 and 65, according to the Attitudes to Work survey by IFF Research.This attitude emerges regardless ...
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Article
Stephen Gambles leaves Alliance and Leicester
Stephen Gambles left his position as reward and benefits manager at Alliance and Leicester in January to become reward manager at private equity firm Alliance and Medical.Gambles was with Alliance and Leicester for almost two years before it was acquired by Santander in October 2008. After the acquisition, he continued ...
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Article
Confessions of a benefits manager: Love is in the air
St Valentine's Day presents an opportunity to pursue amorous intentions, but for Candid, mischief and intrigue are on the cardsI have done a very silly thing. You see, I have left a valentine card for Big Bad Boss. No, of course I haven't got a thing for him. It was ...
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Article
EasyJet employees hang on to shares when incentive plan matures
Just 244 of EasyJet’s 3,500 employees in its first free share scheme chose to sell their shares when the plan vested in October last year.From when the shares were granted three years ago until the scheme vested, the budget airline has seen its share price fall from 490p to 396.8p. ...
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Article
Expedia staff donate via payroll giving
Travel provider Expedia has relaunched its payroll giving scheme after recent world events.Since the scheme was relaunched on 15 January, staff at Expedia's Covent Garden office have pledged more than £6,500 to 55 charities including Oxfam, and various charities working in Haiti after last month's earthquake.Mirka Virtanen, EMEA benefits manager ...
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Article
Pret A Manger gives staff £10 bonus as sales hit £1m in one day
Pret A Manger awarded its 4,000 employees a £10 pre-Christmas bonus after the company made £1 million-worth of sales in a single day. It also launched an employee assistance programme (EAP).The landmark sales figure was reached on 10 December and most staff received the £10 bonus the following day. Employees ...
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Article
Henderson Global Investors reviews deferred bonuses after FSA guidance
Henderson Global Investors is looking to review its policy on bonuses that pay out in the form of deferred shares, in response to guidelines from the Financial Services Authority (FSA).It was prompted to conduct the review after FSA's code of practice on remuneration outlined measures which stipulate that most of ...
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Article
Cisco puts employee benefits online
Cisco has moved benefits online for its 2,500 staff in the UK and Ireland to help them understand the full value of their reward package and what they are entitled to.It has also replaced its stakeholder pension scheme with a group self-invested personal pension (Sipp). Employees can transfer between the ...
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Article
CIPD Research: Many employers up benefits spend despite the recession
Many employers increased their benefits spend last year despite the recession, according to research by the Chartered Institute of Personnel and Development (CIPD).Some 40% of respondents to its Reward Management Survey 2010 said they had increased their benefits spend in the past 12 months. Those in the voluntary sector were ...
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Article
Buyer's guide to corporate health screening
Employees can be screened for a variety of health problems, and the investment pays off by preventing potential sickness absence and making staff feel cared for, says Ben JonesMany employees often feel compelled to soldier on when they feel unwell, and may discover they have a serious health condition only ...
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Case Studies
Employer profile: Sony UK
Sony UK has invested in lifestyle facilities to keep its employees fully energised for maximum performance, says Debbie LovewellThe location of Sony UK’s head office on the site of the old Brooklands motor racing circuit is perhaps apt for an organisation that has an initiative called ‘Firing on all cylinders’ ...
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Case Studies
Case study: RS Components focuses on total reward
Corby-based RS Components, part of the Electrocomponents Group, has been analysing its UK reward strategy for the past two years. The recession has increased the importance of this work.The global company, which distributes industrial components, went through a major restructuring programme and, from a business point of view, is focusing ...
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Case Studies
Case study: Port of London Authority buoyant over benefits
The Port of London Authority looked to re-engage staff as it felt they did not understand the full value of the benefits they received beyond base pay, meaning these were not fully appreciated.†In 2006, it took steps to tackle the issue by implementing total reward statements in conjunction with provider ...
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Analysis
Peer recognition schemes pay off
Peer recognition schemes can have a powerful effect on staff morale and motivation, says Alison ColemanRecognising exceptional staff performance through reward is one way of boosting motivation and engagement. But recognition that comes directly from an employee’s peers may carry a higher value, and at a time when organisations are ...