All Employee Benefits articles in Web Issue – Page 300
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Article
Shareholders halt pay rise for HSBC chief executive
Banking giant HSBC has complied with shareholder objection, withdrawing plans to raise chief executive Michael Geoghegan’s base salary from £1.07m in 2008 to £1.4m in 2010.An HSBC spokesperson defended the bank’s pay plans, stating that no UK-based executives took bonuses last year and that there have been very few pay ...
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Article
Informa gives staff leave to volunteer
Informa is offering all employees a day off each year to participate in a volunteering activity of their choice.The new strategy was introduced as part of Informa's 'Be Involved' corporate responsibility (CR) programmes, after the results of a 2009 staff survey showed 86% of employees were interested in becoming involved ...
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Article
RBS to pay £1.3bn in bonuses to investment bankers
The Royal Bank of Scotland Group (RBS) will pay out a total of £1.3 billion in bonuses to its 17,000 investment banking staff despite reporting net attributable losses of £3.6 billion for 2009.In addition, RBS has said all bonuses for employees earning more than £39,000 will be deferred and paid ...
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Article
Stagecoach launches voluntary heart health check-ups for staff
Transport group Stagecoach has launched a voluntary heart health screening programme for employees in its UK bus division.Starting in northeast Scotland this month, its Healthy Heart Bus, run in conjunction with BMI Healthcare will tour Stagecoach bus depots, providing free heart health check-ups for thousands of staff.Employees with more than ...
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Article
Goddard Perry launches actuarial consultancy
Goddard Perry Consulting, formerly Michael Kirk and Partners, has launched an actuarial consulting practice called Goddard Perry Actuarial.The new company will be working with mainly defined benefit (DB) pension scheme trustees. The service will complement the administration and consulting services of Goddard Perry Consulting.David Pettitt, managing director of Goddard Perry ...
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Article
Motivational speakers vex employees
Employers planning to boost staff morale by bringing in motivational speakers might be disappointed to find that such measures can be no more effective than an animated pep talk from David Brent, the inept manager from the TV series The Office.A survey to mark the launch of TV channel Dave’s ...
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Article
Research: Employee engagement and motivation are key priorities in 2010
Employers’ key priority for benefits communication in 2010 is influencing employee engagement and motivationAlso high on the agenda is increasing staff perception of the value of benefits (67%), increasing employee appreciation of the benefits package (54%) and boosting take-up of available benefits (40%), according to Accor Services’ Future of benefits ...
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Article
Benefex acquires PES and expands services
Benefex Group has acquired Premier Employer Solutions (PES) and its subsidiaries, allowing it to expand the types of consultancy and reward services it offers.The deal means Benefex is able to offer more reward, benefit and broking services tailored for the small and medium-sized market. It can also offer childcare vouchers ...
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Analysis
News Analysis: The impending replacement of sick notes with fit notes
With the arrival of fit notes to replace sick notes in April, employers will have to rethink their arrangements for dealing with staff absence, says Ben JonesA major change in the way sickness absence is handled comes into force on 6 April. From that date, fit notes will replace doctors' ...
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Article
Trevor Severgnini appointed CEO of Johnson Fleming
Severgnini is new CEOTrevor Severgnini has been appointed chief executive officer at Johnson Fleming, the corporate pensions, risk and healthcare service provider.Severgnini has 20 years’ experience in human resources and employee benefits, working for organisations such as Cable and Wireless, MCI and Verizon. Most recently, he was chief executive officer ...
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Article
Arnold Clark appoints new payroll manager
Motor dealer Arnold Clark has signed a contract with HR services supplier NorthgateArinoso for the management of the monthly payroll for its 8,000 employees.The ResourceLink-Aurora platform will interface with Arnold Clark’s existing in-house HR and time and attendance system.Eddie Hawthorne, Arnold Clark managing director, said: “NorthingateArinso is a company with ...
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Article
Asda relaunches sharesave scheme
Asda has relaunched its sharesave scheme, using staff who have benefited previously to boost take-up.The retailer sent out invitations on 26 February to all eligible staff who have completed six months' service. Laura Wilcock, shares manager at Asda, said previous scheme members had a key role to play in raising ...
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Article
BDO launches discounted gym membership and online health assessment tool
Accountancy firm BDO has launched discounted gym membership and an online health assessment tool, and has staged a health awareness week to raise the profile of healthcare benefits for its 3,000 employees.Events were held at all the company’s 13 UK offices in January. These included cholesterol and blood pressure tests, ...
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Article
The Big Question: Should firms plan for pension reforms before the election?
We ask the experts for their answers … have your say online at the Employee Benefits forum.James Churcher is pensions manager at the Telegraph Media GroupThere is still consensus among politicians about auto-enrolment. Some Conservatives have suggested that, if anything, the phasing-in process between 2012 and 2016 is too long.Auto-enrolment ...
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Analysis
Holidays as an employee benefit
If you read nothing else, read this…. Extra holiday can be offered instead of a pay rise or to reward performance in place of a bonus. Offering more time off can boost morale. Holiday trading can be included in flexible benefits schemes to raise employees’ allowance at no extra cost ...
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Article
Cyrille Vanoye named director of global compensation benefits at EMI
Vanoye tunes up at EMIEMI Music has appointed Cyrille Vanoye as director of global compensation and benefits.Vanoye joined the company from the Gucci Group, where he was group compensation and benefits director. This was his first London-based post after 14 years working in Paris.During his time in Paris, Vanoye’s roles ...
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Article
Confessions of a benefits manager: The dead zone
A visit by two juvenile pensions advisers opens Candid‘s eyes to the alarming world of longevity risk among pensionersThey say when you get old, policemen and doctors start looking young, but they don’t warn you about pensions advisers. To me, pensions consultants should be dusty old men, peering through their ...
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Article
Debi O'Donovan, editor of Employee Benefits: Election must not derail key benefits strategies
This election year is putting a bit of a spanner in the works when it comes to planning pensions and benefits strategies. Depending on which opinion polls you believe, there may be a change in government from Labour to Conservative in the next few months. In the meantime, any strategies ...
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Article
Eversheds launches new bonus scheme
A new bonus scheme to be introduced by law firm Eversheds takes a holistic view of performance, because the bonus assessments recognise both the fee-earning and non-fee-earning contributions of individuals.Eversheds’ previous scheme was based on chargeable hours.Bonus pools will be set at the product group level with senior managers holding ...
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Article
Interview with Miranda Rosenbaum, reward manager, N Brown Group
Miranda Rosenbaum, reward manager at N Brown Group, counts a desire to succeed as a major factor in her professional progress.Miranda Rosenbaum is living proof that an interest in and enthusiasm for a subject area can be every bit as important as academic qualifications.She left school in 1993 with five ...