All Employee Benefits articles in Web Issue – Page 318
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Article
The Big Question: Will the 2% charge for the national employment savings trust (Nest) deter employers from using it?
We ask the experts for their answers ... have your say online at the Employee Benefits forum.Tim Middleton, technical consultant at the Pensions Management Institute:When the charging structure for the national employment savings trust (Nest) was announced, many commentators were surprised. Combining an annual management charge (AMC) with a contribution ...
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Article
Interview with Damien Teisseire, head of reward, EMEA and India at Goldman Sachs
Damien Teisseire, head of reward, Europe, Middle East and Africa (EMEA) and India at investment bank Goldman Sachs, comes from Bordeaux, one of France’s wine regions. But although he works in an industry that has come under a great deal of fire lately, he is refreshingly free of sour grapes.Teisseire ...
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Analysis
Special report 2010: Contract-based pensions governance
Interview with: Victoria Nye, chair of the Investment Governance Group sub-group for defined contribution pensionsCo-ordinated approach needed for defined contribution scheme governancePre-retirement priorities for defined contribution scheme membersMake sure defined contribution default funds are dependable
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Analysis
Employee feedback shapes flexible and voluntary benefits
If you read nothing else, read this…Giving staff input into what voluntary or flexible benefits they would like to receive can boost staff engagement and take-up.Employers can source this data using surveys, focus groups or conjoint analysis.Staff should be kept informed if employers then find they are unable to introduce ...
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Article
The Employee Benefits/Alexander Forbes Benefits Research 2010
Research: Who are the respondents; key findingsResearch: Benefits strategiesResearch: Employers’ attitudes to and evaluation of benefits strategiesResearch: Responsibility for and communication of benefitsResearch: How employers offer benefitsResearch: Core benefits provisionResearch: Voluntary benefits provisionResearch: Benefits offered through salary sacrificeResearch: Flexible benefits provisionResearch: Changes employers have made to their benefits packagesSponsor’s comment: ...
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Article
Buyer's guide to pension modellers (May 2010)
Pension modellers help staff to engage with their pension plan by allowing them to see the effect of different scenarios on their income in retirement, says Jennifer PatersonApart from salary, pensions are often one of the most costly elements of an organisation's reward package. Yet factors such as a lack ...
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Article
Confessions of a benefits manager: Union talk is striking
An unnerving meeting with a trade union official is followed by coercion into extra HR duties, leaving Candid plotting revengeThis morning I am meeting with the union of our manufacturing facility, and seriously miffed about it I am too. At the risk of sounding parochial, it simply is not my ...
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Analysis
E.On focuses energy on unifying benefits package
E.On’s benefits team have been solving the puzzle of drawing together a cohesive perks package for a disparate workforce, says Sarah ColesNo one visits the employee benefits team at energy firm E.On without being given a benefits cube: a seemingly simple block bearing details of the benefits on offer, which ...
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Article
Debi O'Donovan, editor of Employee Benefits: True value of benefits is worth more than cash
There has been an interesting, subtle shift in benefits provision over the past 12 months. A year ago, many employers were battening down the hatches, cutting costs, freezing pay and generally doing what they could to survive a horrendous economic downturn. Some employers are still in this mode, and may ...
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Article
Benefits Research 2010: who are the respondents; key findings
The aim of this study was to find out which benefits UK employers offer their staff and how these are delivered. We wanted to find out the impact of the benefits strategies employers use and the issues that shape them, such as what employers have done to weather the recession ...
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Article
Benefits Research 2010: Strategies used by employers
The economic difficulties of the past few years have focused employers' minds firmly on getting the best possible return on any investment they make.When it comes to investing in reward and benefits for staff, organisations have taken a number of steps to reduce or control costs, including freezing pay, reviewing ...
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Article
Benefits Research 2010: Employers' attitudes to and evaluation of benefits
With finance directors increasingly putting every area of an organisation's expenditure under the microscope, it is perhaps not surprising that this year has seen a substantial rise in the percentage of employers that evaluate the effectiveness of their benefits strategy. More than half (52%) say they now do so, compared ...
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Article
Benefits Research 2010: Responsibility for and communication of benefits
The past few years have seen the increasing development of reward, compensation and benefits into recognised HR specialisms. As the profession has risen in importance and status, there has been a corresponding rise in the responsibility compensation and benefits or reward directors and managers have for benefits decisions in their ...
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Article
Foreign and Commonwealth Office appoints Healix for healthcare
The Foreign and Commonwealth Office (FCO) has appointed Healix International to provide managed healthcare for its 16,000 employees worldwide.Employees will now be given access to a range of occupational health services in the UK, and primary and secondary care services while working overseas. In the UK Healix will work with ...
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Article
Companies sign up to keep employees’ hearts healthy
The Metropolitan Police, Jaguar Landrover, John Lewis, Bristol City Council and Corus are the latest employers to sign up to the Health at Work programme offered by the British Heart Foundation (BHF). More than 800 organisations have now signed up to the programme, which encourages organisations to think about the ...
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Article
Staff given little reward for overtime
Despite many employees working longer hours than ever, very few are being paid extra for their efforts.According to the Real Wage Report by Santander, almost a quarter (23%) of full-time workers across all industry sectors are putting in more overtime but less than half (41%) are being paid extra.The survey ...
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Article
Pay freezes continue to fall
The proportion of pay freezes has continued to fall in the three months to the end of March 2010.†Freezes accounted for 31% of settlements recorded in this period, according to the data from Income Data Services (IDS).This is down from 34% of settlements in the three months to the end ...
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Article
Employees plan to use more holiday entitlement in 2010
More than a third of UK workers (38%) did not use up all their holiday allowance in 2009, compared to 81% of staff who intend to take all their annual leave in 2010.The findings, from the Institute of Payroll Professionals’ (IPP) Time for a holiday survey, also revealed 28% of ...
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Article
NHS implements new workforce management software
The National Health Service (NHS) Workforce Solutions Community has signed new contracts with a group of software providers to supply workforce management software solutions.Smart/HMT, Zircadian and Software Europe have built a comprehensive offering specifically for the NHS, covering rostering for doctors, nurses and other staff, staff bank management, time and ...
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Article
Freshfields Bruckhaus Deringer set to close final salary pension scheme
Freshfields Bruckhaus Deringer is planning to close its final salary pension scheme to future accrual.Its consultation period with staff over the proposed move ended on 26 April and Adam Brooke, employee benefits manager at the law firm, said it was very likely the planned closure would go ahead.If so, the ...