All Employee Benefits articles in Web Issue – Page 297
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Analysis
How to set up an international share scheme
Setting up an international share scheme poses many challenges, including language, legislation and technology, says Tom WashingtonIn today's world, few things are untouched by globalisation. Greater mobility and advances in technology mean businesses can operate on a truly international scale, and launching a global share plan is a great way ...
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Analysis
Are career average revalued earnings (Care) pensions a better bet?
If you read nothing else, read this:Based on an employee's average salary, career average revalued earnings (Care) pension schemes are generally lower cost and lower risk than defined benefit plans, but the savings can be modest.Switching from a final salary to a Care scheme only reduces the salary risk as ...
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Analysis
Using reward and benefits to re-engage the workforce after the recession
As the country recovers from recession, employers face the tough task of re-engaging their workforces, says Nicola SullivanIn May 1940, Sir Winston Churchill famously told the House of Commons in his first speech as prime minister: “I would say to the House as I said to those who have joined ...
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Article
Buyer's guide to flexible benefits administration systems (February 2010)
Administration systems for flexible benefits schemes can take various forms, and suppliers are targeting employers of all sizes to offer the functionality they need, says Sam BarrettFlexible benefits plans have many advantages for employers, including greater employee engagement and improved performance. But to maximise these advantages, organisations must make sure ...
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Analysis
Sponsor's comment: Employees must take advantage of flexibility in pension options
Jonathon Watts-Lay, director of Wealth at Work, explains how staff must play a more proactive role in managing their future income requirementsIn most cases, employees will purchase an annuity to provide them with an income in retirement. However, additional income flexibility supported by information and education may ultimately ensure that ...
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Analysis
Interview with: David Blake, director of the Pensions Institute at City University's Cass Business School
David Blake, director of the Pensions Institute at City University’s Cass Business School, assesses contract-based DC pensions investment as 2012’s reforms approach. Jenny Keefe reportsContract-based defined contribution (DC) pension schemes are the pensions equivalent of Ugg boots - they are loved and loathed in equal measure. In the UK, DC ...
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Article
Interview with Gary Brewer, head of compensation and benefits at William Grant and Sons
Gary Brewer, head of compensation and benefits at William Grant and Sons, has always juggled a variety of activities, and enjoys the wider professional perspective this bringsGary Brewer is a busy man. Not content with a challenging new role as head of compensation and benefits at distillery firm William Grant ...
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Analysis
Factors to consider in defined contribution pension investments
The investment model is a critical element of any contract-based DC pension scheme and there are many factors to consider, says Ceri JonesPutting an investment model for a contract-based defined contribution (DC) pension scheme into place is not as straightforward as it may first appear. One challenge for employers is ...
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Article
Denton Wilde Sapte launches wellbeing programme
International law firm Denton Wilde Sapte has launched a year-long healthy balance programme, with a particular emphasis on mental and physical wellbeing.The programme commenced with a health and lifestyle fair in the firm's London office on 29 January. This featured stands dedicated to health and fitness, social and creative activities.The ...
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Article
The Big Question: Should banks compensate for the super tax on bonuses?
Should banks compensate for the super tax on bonuses?We ask the experts for their answers... have your say online at the Employee Benefits forumAngela Knight, chief executive of the British Bankers Association:A lot has changed in banking in the past two years, but the reform the public really demands is ...
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Analysis
Make communications about pensions investment more meaningful
Giving employees the right amount of information about pensions investment and delivering it in the most suitable way can be a tricky balancing act, says Sarah ColesEmployers wanting to communicate contract-based defined contribution (DC) pensions investment face a catch-22 situation. To get staff to make the right investment choices, they ...
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Analysis
Why group self invested personal pensions (Sipps) are becoming popular in the workplace
Group self-invested personal pensions are gaining popularity in the workplace because they have something extra to offer, says Matthew CraigSelf-invested personal pensions (Sipps) have sometimes been seen as expensive, bespoke plans for affluent individuals, but they are now entering the workplace in the form of group Sipps.Last year, BT and ...
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Article
Special report 2010: Contract-based pension investment
This special report looks into investments under defined contribution and contract-based pension plans.Interview with: David Blake, director of the Pensions Institute at City University's Cass Business SchoolFactors to consider in defined contribution pension investmentsMake communications about pensions investment more meaningfulWhy group self invested personal pensions (Sipps) are becoming more meaningfulSponsor's ...
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Article
Debi O'Donovan, editor of Employee Benefits: Rebuilding trust is vital task after the recession
On 26 January, it was announced that the UK economy had emerged from its 18-month recession with 0.1% growth for the previous three months. Despite the fact that few expected the news to have a dramatic impact on people’s day-to-day lives, many of us have started to see a subtly ...
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Case Studies
Case study: international share plan at Shell
When Royal Dutch Shell launched a global employee share purchase plan, it attracted more than 12,200 staff saving in 36 currencies across 51 countries.Pam Roffe, manager, share plans, says a key message at Shell has been to eliminate unnecessary work, and to standardise, simplify and automate. This included the share ...
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Article
Bournemouth Borough Council signs three-year contract with healthcare provider, Atos
Bournemouth Borough Council and the Borough of Poole Council have signed a three-year contract with a new healthcare provider as part of efforts to reduce sickness absence.As a result of the arrangement with Atos Healthcare the local authorities' 11,700 employees will have access to a range of occupational health services, ...
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Article
Enrich launches total reward consultancy service
Reward and benefit firm Enrich has launched a total reward consultancy service.The service will see Enrich work with employers to define and develop reward strategies that integrate into existing HR and corporate objectives. The service is designed to assist employers in improving employee engagement and performance to boost bottom line ...
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Article
Coats implements online hosted compensation management tool
Coats has appointed consultancy Mercer to provide an online hosted compensation management tool and supply annual market data to support ongoing process and analysis work.The system will enable the sewing thread and needlecraft supplies firm to manage its market data more effectively, applying it to its top 500 employees in ...
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Article
Willis Group re-launches health and wellness portal
Global insurance broker Willis Group has announced the re-launch of its health and wellness portal designed to help companies lower healthcare costs by encouraging employees to lead healthier lifestyles.The website www.winningwithwillis.com was originally launched in October 2008. The revamped site adds new features and content, including health and wellness information ...
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Article
Tesco staff share in £144 million payout from sharesave scheme
Over 55,000 Tesco staff who saved between £5 and £50 a month for the past five and three years, are sharing a £144.4 million payout with returns of 100% and 44% for each scheme respectively.Over 9,000 top savers, who have contributed the maximum £50 every month for the past five ...