All Employee Benefits articles in Web Issue – Page 316
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Article
InterGlobal to provide private medical insurance in Pakistan
Interglobal has partnered with Pakistan insurance company Alfalah Insurance Company to provide private medical insurance (PMI) to companies throughout Pakistan.Under the new arrangement, InterGlobal’s UltraCare range of international PMI plans will be reinsured and administered by the company, but underwritten and distributed by Alfalah Insurance Company in Pakistan.The UltraCare range ...
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Article
John Lewis adds personal accident plan to voluntary benefits
John Lewis Partnership is adding a personal accident plan to its voluntary benefits plan for its 72,000 employees.The plan, which starts at £5 a month, includes cover against bodily injury, permanent disability, accidental death, burns and fractures after a qualifying period, and cuts that require ten stitches or more.The plan ...
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Article
Hermes launches benefits book for staff
Logistics firm Hermes has launched a benefits book for its 1,300 employees.The company introduced the book, which is provided in conjunction with Personal Group, in a bid to offer something for all employees.Hermes was formerly known as Parcelnet and is part of the Otto Group, which also owns clothing catalogue ...
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Article
Benefits Research 2010: How employers offer benefits
Most employers still offer traditional core benefits, but over the past six years, the percentage that offer benefits through another mechanism – via a flexible benefits scheme, on a voluntary basis or through a salary sacrifice arrangement – has risen steadily. In 2004, for example, 37% of respondents offered a ...
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Article
Employee Benefits Summit: Top names join the debate
Leading UK organisations such as Marks and Spencer, Time Warner, Comet, Lloyds TSB and Pret a Manger will be among those attending the Employee Benefits Summit, running from 9-11 June at the Monte Carlo Bay Hotel, Monte Carlo.Now in its fifth year and facilitated by Employee Benefits magazine, the Summit ...
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Article
Employee Benefits Summit: Guidance on the road to pension reform
As the 2012 pension reforms approach, employers have a lot to think about and subsequently communicate effectively to staff.Jim Bligh, senior policy adviser for employment and pensions at the Confederation of British Industry (CBI) , will address the key issues in his session, 'Pension commitments for employers in the run-up ...
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Article
Benefits Research 2010: Core benefits provision
Over the past six years, there has been little change in the top benefits included in employers' traditional core packages. Just as in 2004, this year, life assurance (also known as death-in-service) is the most commonly offered core benefit.The growing prominence of total reward strategies has led to more incidences ...
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Article
Employee Benefits Summit: Engagement is the opening message
The Employee Benefits Summit will open with Nita Clarke, director of the Involvement and Participation Association and deputy chair of the UK government's Review on employee engagement, delivering a keynote speech called 'Employee engagement and the output of organisations in difficult economic times'.Clarke will discuss issues such as engaging employees ...
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Article
Employee Benefits Summit: Global perspective
On the second day of the Summit, Susie Inwood, former global mobility policy manager for gas company the BG Group, will lead a session entitled 'Managing benefits in an environment of increased globalisation'.Inwood specialised in expatriation in her role with BG, travelling on business to destinations such as Brazil, Nigeria, ...
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Article
Employee Benefits Summit: Focus on performance
Business psychologist, strategic adviser and executive coach Dr Adrian Atkinson, chairman of Human Factors International, will deliver the closing session of the Summit, entitled 'Maintaining a high-performance career and business objectives'.The session will explore a variety of issues affecting reward professionals in their corporate roles within organisations.Find out more about ...
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Article
Benefits Research 2010: Voluntary benefits provision
During the economic downturn, voluntary benefits schemes have been a way for employers to help their employees' salaries stretch a little bit further. Giving employees access to discounted products and services through a voluntary benefits scheme is also a cost-effective way of offering perks to staff, or boosting a benefits ...
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Article
Benefits Research 2010: Benefits offered through salary sacrifice
Given the tax and national insurance (NI) savings that are available when offering tax-efficient benefits through a salary sacrifice scheme, it is perhaps no surprise that 87% of respondents offer benefits through this type of arrangement to some, if not all, of their workforce.Employers that do not offer perks on ...
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Article
Benefits Research 2010: Flexible benefits provision
Flexible benefits schemes have been something of a slow burner in the benefits world. Despite being the subject of much discussion and debate in the industry, their popularity has been relatively slow to take off. Although the number of employers offering flex schemes is increasing, this growth has occurred at ...
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Article
Benefits Research 2010: Changes employers have made to their benefits provision
Employers that invest the time, effort and money required to offer benefits to their workforce will want to ensure they gain the best possible return. In the long run, keeping a benefits package fresh and relevant to employees is an excellent way to ensure staff remain engaged and interested in ...
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Analysis
Interview with: Victoria Nye, chair of the Investment Governance Group sub-group for DC pensions
The Investment Governance Group’s Victoria Nye explains the thinking behind the body’s six principles for DC pension scheme governance to Matthew CraigSetting standards is something of a balancing act. Set them too high and they may appear unattainable and demotivating; set them too low and there seems little point in ...
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Article
Benefits Research 2010: Sponsor's comment: Placing a high value on employee benefits
As the UK pulls out of recession, employees will become increasingly confident about their market value and more demanding in their expectations from their current job and employer, says Stephen Watson, head of DC operations, Alexander Forbes Financial Services.It is therefore vital that employers start to think now about how ...
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Analysis
Co-ordinated approach needed for contract-based pension governance
If you read nothing else, read this...Good governance around contract-based DC pension schemes can be clarified under four broad headings: scheme initiation, scheme design, monitoring and member communications.Employers may decide to set up a governance committee specifically for their DC schemes.Governance provisions should be appropriate to the size of the ...
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Article
Thames Water puts perks in single stream
Thames Water has consolidated its voluntary benefits, salary sacrifice, and reward and recognition schemes into a single offering in a bid to increase engagement among its 5,000 staff.Its new scheme, 'Benefits on tap', which is provided by Asperity Employee Benefits, enables staff to access shopping discounts, a cycle-to-work scheme and ...
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Article
Pensions still top as staff see more value in benefits
Pensions are still the benefit most valued by employees, followed by income protection. Research by insurer Canada Life shows income protection has leapfrogged holiday allowance into second place on the list of most popular perks, with life assurance and basic health insurance completing the top five.Redundancy cover, which was added ...
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Article
Equity Insurance Group adds perks to flexible benefits scheme
Equity Insurance Group is adding a car salary sacrifice scheme and its share incentive plan (Sip) to its flexible benefits scheme.The company has also revamped its flex brochure for this year's scheme renewal. The main change sees benefits grouped into four categories, rather than being spread throughout the brochure. The ...