All Employee Benefits articles in Web Issue – Page 317
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Article
News analysis: Salaries start to defrost
The pay freezes of the past couple of years are beginning to thaw, but any increases this year are unlikely to excite most employees, says Ben JonesPay freezes in both the public and private sectors have become commonplace over the past couple of years as employers have implemented measures to ...
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Article
Ed Kolber steps up at Atkins
Engineering design firm Atkins has appointed Ed Kolber as director of reward and policy. Kolber moves from the post of HR director with Atkins' highways and transportation business, which he had held since August 2005.In his new role, Kolber is responsible for the development and governance of all HR policy ...
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Article
Inmarsat appoints Vicky Rose
Vicky Rose has been appointed reward manager at mobile satellite company Inmarsat. She moves from the role of reward manager at Cardif Pinnacle Insurance, where she spent four years.At Inmarsat, Rose will be responsible for the design, delivery and administration of the organisation's pay and benefit programmes. Before working at ...
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Analysis
Pre-retirement priorities for contract-based pension scheme members
As DC scheme members approach retirement age, key actions are needed to ensure they will receive the future income they require, says Matthew CraigHow a contract-based defined contribution (DC) pension scheme helps its members as they approach retirement is a critical test of its quality. This is because members need ...
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Article
Samantha Gee moves to Cancer Research UK
Cancer Research UK has appointed Samantha Gee as director of strategic reward and resourcing. Gee moves to the charity sector from accountancy firm KPMG, where she has worked for 11 years, the last six as head of reward. Gee's other HR experience includes four years at DSG International and three ...
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Article
Response launches benefits book for staff
Outsourcing and call centre provider Response has launched a benefits book for its 2,200 Glasgow-based staff.The A5 book includes details of voluntary benefits, such as retail discounts, a health cash plan, hotels and short breaks.Staff choose their discounts from the book, and then visit a dedicated website to download vouchers. ...
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Article
AWD Chase de Vere offers new voluntary benefits scheme
AWD Chase de Vere Consulting has launched a new online voluntary benefits scheme, Savings Through Work, which has no set-up charges and is targeted at companies of all sizes.The scheme enables staff to access discounts of up to 25% on goods and services. The offers are grouped into more than ...
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Article
Shaw Trust charity changes flexible benefits supplier
Shaw Trust has increased its flexible benefits take-up after switching provider, and has launched voluntary benefits.In March, the charity appointed Vebnet to run its flex scheme after experiencing administrative problems with its previous provider. Of its 1,200 eligible employees, 40% have opted to take part in this year's scheme, compared ...
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Article
Kingfisher pensions boss condemns 'collusion' on commission
Dermot Courtier, head of group pensions at Kingfisher Group, has condemned employers that collude with independent financial advisers and select defined contribution (DC) pensions with high commission to make profit at employees' expense.Speaking at last month's Employee Benefits Pensions Summit, Courtier was outraged by claims that some corporate IFAs had ...
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Article
National Grid extends total reward statements internationally
National Grid has extended its total reward statements (TRS) internationally, rolling them out for 6,000 US staff.It has also relaunched the statements for its 10,000 UK employees.The total reward statements include information on all aspects of the organisation's reward package. The relaunch has added more details about its share plans ...
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Article
Boots raises satisfaction with staff recognition scheme
Boots has helped to raise its staff satisfaction score to 80% by implementing a new recognition scheme.The company's Great Place to Work Survey, which took place in March, shows a rise of 2% from last year. In addition, 67% of Boots’ staff said they felt recognised and praised at work, ...
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Analysis
The importance of measuring the success of benefits
If you read nothing else, read this…Identifying measurables of success can be tricky, but there are a number of advantages for employers in measuring the success of their benefits package.Statistics that can be used to determine the success of a package include: benefits take-up, engagement, absence levels and the national ...
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Analysis
Do one-off incentive awards for selected staff boost motivation?
One-off incentive awards can have mixed results for overall staff motivation, says Jennifer PatersonMany reward budgets have been cut during the economic downturn, so employers have had to be creative in finding ways to show key staff they are appreciated. With pay freezes in place and a ban on bonuses, ...
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Analysis
Dental benefits: insurance or cash plans?
If you read nothing else, read this...Dental insurance plans and dental cover offered through healthcare cash plans each have their pros and cons for staff.Basic offerings of all dental plans include: routine check-ups and treatment, accident and injury, and cover accessing NHS and private treatment.Some providers offer added-value services on ...
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Article
Creative Benefit Solutions launches benefits platform
Creative Benefit Solutions has launched a benefits platform called My-infolink.The platform can be branded under an organisation’s name and can be tailored to reflect the range of benefits offered by the organisation.Options that can be included in the platform are details about pension savings, total reward statements, flexible benefits, holidays ...
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Case Studies
Case Study: 3 connects with working groups
Staff feedback played a key role in structuring benefits at mobile phone company Hutchison 3G UK, known as 3.The company formed three working groups in the head office, retail and call centre parts of the business to offer advice on what its 3,200 UK employees wanted in their benefits package. ...
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Analysis
Health cover for employees working in danger spots overseas
If you read nothing else, read this...Staff may be sent to work on short-term assignments in dangerous locations for many reasons.It is worth checking out what cover is available from an employer's private medical insurance (PMI) policies, but business travel insurance may be the best bet for most short-term assignments.International ...
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Case Studies
Case Study: All aboard for Swissport award
Swissport Cargo Services has seen a rise in productivity since handing out a one-off incentive to each of its 450 UK employees.After a year of pay freezes and a decline in overtime hours, staff were given £100 retail vouchers. Danica Barton, HR adviser, says: “Feedback has been positive and it ...
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Case Studies
Case Study: Segro builds up individuals
Commercial property investment and development company Segro spontaneously hands out Red Letter Day experience vouchers worth £250 to individual employees to recognise good work and thank them for a job well done.But the incentives are not one-offs, says Mark Pearce, the company's UK HR director. "There is no limit to ...
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Article
Buyer's guide to health cash plans (May 2010)
Health cash plans are gaining popularity as a cheaper alternative to private medical insurance, but the boundaries between the two benefits are blurring, says Jennifer PatersonDespite adversely affecting most of the UK workforce, the recession has actually resulted in increased demand from organisations for health cash plans. Once seen as ...