All Employee Benefits articles in Web Issue – Page 303
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Article
2010 Employee Benefits Awards judging is about to begin
The judging for the Employee Benefits Awards 2010 will take place during March and the finalists will be announced online in April.Remember to book your table for the Employee Benefits Awards before the early-bird discount offer runs out.For more information, visit: www.employeebenefitsawards.co.uk
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Article
Sage introduces online flexible benefits scheme
Sage has launched an online flexible benefits scheme for its UK staff, and introduced pensions salary sacrifice for its group personal pension.The business software firm has used the employer national insurance savings gained from the pensions salary sacrifice to fund a health cash plan for its 2,200 staff. Some 98% ...
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Article
Irish Life launches voluntary benefits plan
Irish Life has launched a voluntary benefits plan following a pilot scheme last year.The plan, called Irish Life Flex, is offered to 340 staff in the financial services firm's corporate business division. Employees can opt to buy a range of benefits, including dental, travel and private medical insurances, and retail ...
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Article
Best Companies Research: Employees are less happy with benefits year on year
Employees are not as happy with the benefits they are offered as they were a year ago.Data collated so far for this year's Best 100 Companies to Work For survey took an average score over four statements put to respondents to find an overall 'fair deal' score.†The statements were: 'I ...
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Article
Staff at Countrywide Farmers take up sharesave plan
More than 10% of staff at Countrywide Farmers have taken up its first sharesave plan.The firm, which supplies products to the rural community, has more than 1,000 staff and was pleased with the take-up in the current economic climate. Sarah Francis, group financial controller, said: “We were a little unsure ...
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Article
SSL International replaces expired sharesave plan
SSL International is launching a new sharesave plan for its 900 UK staff to replace the current five-year plan that expires at the end of this month.Employees taking part in the new scheme, My Sharesave, to be launched in May, will be able to save between £5 and £250 a ...
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Analysis
Pension decumulation's role in employee retirement planning
Employers are paying more attention to pension decumulation to help staff understand the options in the run up to retirement, says Matthew CraigEnsuring pension scheme members save enough for their retirement may be the main concern for employers and pension trustees, but there is also growing interest in pension decumulation ...
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Analysis
Company share option plans can boost executive reward
Company share option plans can be a useful tax-efficient ingredient of executive reward, says Peta HodgeEver since last April’s Budget, when Chancellor Alistair Darling announced a new 50% tax band for those earning over £150,000 a year from 2010-11, there has been renewed interest in benefits with the potential to ...
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Analysis
Wellbeing events get staff on track for fitness
Wellbeing events can be an effective way to get staff interested in health issues, and for employers to promote existing perks, says Nicola SullivanHealth and wellbeing events are often hailed as an effective way for an employer to launch a new healthcare initiative, promote existing benefits or boost the wellbeing ...
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Analysis
Employer profile: Capital One
Capital One is using employee inertia on pensions to automatically increase the contributions staff make to their retirement pot, says Nicola SullivanFew organisations will emerge from the recession unscathed, particularly those in the financial services industry. Banks and lenders will find it challenging to reposition themselves after the economic downturn, ...
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Article
Philips rebrands flexible benefits plan and moves to new provider
Philips has rebranded its flexible benefits plan for its 2,300 UK employees to better reflect changes to the company's business structure. It has also switched providers.Philips' new scheme, Identity, carries the strapline 'It's all about you' and has been rebranded in line with the firm's organisational structure, which was simplified ...
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Analysis
Thought leaders 2010: The year ahead: Targeted media will boost engagement
Key PointsThe current economic climate presents a perfect opportunity for organisations to re-evaluate their benefits strategies and ensure their employees know what they are getting as part of the employment dealSegmenting the workforce for communication will achieve better results than adopting a one-sizefits- all approachThe work environment will dictate which ...
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Analysis
Thought leaders 2010: The year ahead: Hymans Robertson insight: Green lesson for retirement savings message
Too many employees are still unaware of the importance of saving for retirement, says Helen McArthur, head of communications and engagement at Hymans RobertsonYou will have heard the good news: as a nation, our health is improving and people are living longer.Children born today have a strong chance of living ...
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Analysis
Thought leaders 2010: The year ahead: Communication must maximise reward
Key PointsCommunication is a key way to maximise employee engagement through reward during the coming 12 monthsEmployers will need to focus on developing creative solutions with meaningful stakeholder input to increase engagement across the organisationOrganisations need to be responsive to their employees' needs and issues, which are constantly changingInvolving staff ...
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Analysis
Thought leaders 2010: The year ahead: Simplyhealth insight: Togetherness is the key to a happy workforce
Effective engagement can play a significant role in helping employers and employees recover from the recession, says Simplyhealth’s head of people, Helen DickinsonDuring recessions, we generally assume that employee attrition will be low, with fewer vacancies and employees seeking to retain their redundancy entitlements. Although there has been evidence of ...
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Analysis
Thought leaders 2010: The year ahead: Growing interest in wellbeing strategies
Key PointsBusinesses have realised that investing in employees' health should be a crucial component of their business strategyOne-third of businesses have a wellbeing strategy in place – and that figure is likely to increaseMeasuring the effectiveness of your wellness programme is essential to help guarantee its long-term success†Employee health is ...
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Analysis
Thought leaders 2010: The year ahead: Aviva UK Health insight: A healthy workforce is good for business
Investing in a health and wellbeing programme for employees can pay off in many ways for employers, says Dr Doug Wright, principal clinical consultant at Aviva UK HealthAviva's annual Health of the workplace research showed that the current economic climate is affecting not only the financial health of businesses, but ...
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Analysis
Thought leaders 2010: The year ahead: Changing times will bring flexible benefits to the fore
Key PointsIn the absence of pay rises and bonuses, flexible benefits can act as a mechanism to engage staff through difficult timesFlex enables staff to choose benefits relevant and valuable to them, but this needs to be considered in conjunction with their overall employment dealEmployers need to consider how greater ...
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Analysis
Thought leaders 2010: The year ahead: Build valued extras onto reward basics
Key PointsEmployers need to get the reward basics, such as pay, right before a voluntary benefits package can be effectiveVoluntary benefits packages give employers a good opportunity to offer perks that make a real difference to staffThe key aim is then to build an association between this value and the ...
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Analysis
Thought leaders 2010: The year ahead: YBS Share Plans insight: Sharing the challenges of a changing workplace
The post-recession landscape will be very different for many employers, and share plans are a benefit that must adapt to new requirements, says Jill Evans, head of YBS Share PlansThis year, YBS Share Plans celebrates '30 years of sharing'. During that time, we have seen many changes in customer expectations, ...