All Employee Benefits articles in Web Issue – Page 323
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Article
Employee Benefits Awards: Don't miss gala lunch on 25 June
The Employee Benefits Awards 2010 have been inundated with inspiring entries, so make sure you have got a table booked for the gala lunch on 25 June to see all the winners announced.This year's awards attracted a large number of entries, with over 100 finalists in 21 categories. Leading employers ...
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Article
Lack of motivation increases as cause of absence
The proportion of employers that attribute lack of motivation as one of the reasons for sickness absence levels has doubled, according to the Employee Benefits/HSF Health Plan Healthcare Research 2010.The proportion of employers citing lack of motivation has risen to 8% from 4% in 2009.The main causes of SICKNESS ABSENCEMinor ...
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Article
Lorica Consulting launches service to manage absence
Lorica Consulting has launched a telephone-based occupational health service for employers.The service provides a specialist to manage the practical and financial impact of absence. Two versions are available: a basic review and assessment; and case management for more complex situations. The service, developed in partnership with FirstAssist, also gives advice ...
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Article
Marks and Spencer streamlines share plan system to account for new tax rate
Marks and Spencer has streamlined its employee share plan system to make sure that about 400 staff who are affected by the new 50% income tax rate do not end up paying too much tax.Ann Govier, manager of employee share schemes and senior remuneration at M&S, said: “Some employees would ...
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Article
Equity Insurance adds salary sacrifice car parking to flex
Equity Insurance Group has achieved 85% take-up for its salary sacrifice car parking scheme in its first month.The scheme was launched after the firm's remuneration specialist, Ricky D'Ash, noticed staff were paying a significant amount for car parking each month. In locations with no National Car Parks (NCP), such as ...
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Article
Asda increases sharesave scheme take-up
Asda has increased the take-up of its sharesave scheme after changing providers and adopting a new approach to communicating the perk to staff.The retailer saw 26,000 of its 175,000-strong workforce take up sharesave, compared to 25,000 the previous year after it promoted the scheme using employee case studies.Film footage of ...
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Article
Civil Aviation Authority hosts benefits awareness events
The Civil Aviation Authority (CAA) recently held employee benefit days to raise awareness of the benefits packages available and also to improve morale following a pay freeze in 2009.The CAA held two benefit days at its main offices in London and Gatwick at the end of March, which were attended ...
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Article
New role for Begbie
Standard Life has appointed Sandy Begbie group transformation and people director after merging its transformation programme and HR division.Begbie joined the insurance company in January 2010 as group transformation director after leaving Aegon, where he was HR director.As a result of the internal merger, Mike Conway, Standard Life’s group HR ...
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Article
Employee Benefits Summit: Top names gather at the Summit
The UK's most influential benefits professionals will gather at the Employee Benefits Summit in Monte Carlo this month.The event, from 9-11 June, opens with a plenary session from Nita Clarke, co-author of Engaging for success: enhancing performance through employee engagement (commonly known as the MacLeod review), which was published in ...
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Analysis
Charitable benefits are a good motivator
Charitable perks can do wonders for employee engagement and will enhance an employer’s image as a caring organisation, says Jennifer PatersonApart from their main functions of attracting, engaging and retaining staff, benefits can also be used to support an organisation’s wider strategies, such as corporate social responsibility (CSR). Here, staff ...
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Article
Employee Benefits Live: The UK's biggest benefits exhibition
Europe's largest reward and benefits event, Employee Benefits Live, will take place on 28-29 September 2010.The event, including a conference and large exhibition, has been running for 12 years and last year attracted nearly 2,000 visitors over the two days.The top-level conference is completely free to attend. It sees leading ...
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Article
BHP Billiton increases take-up of global share plan
Mining firm BHP Billiton has seen 5,000 more staff buying shares through this year's global all-employee unapproved share scheme than when its last global plan was launched in 2007.Most of the 11,000 employees who took part in the 2007 plan opted to hold on to their shares when the scheme ...
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Analysis
KFC keeps staff recognition and bonuses on the menu
KFC’s culture of staff recognition and bonuses is helping to dispel some myths about the fast food sector as a rewarding career option, says Ben JonesThe fast food industry has not, historically, been seen as the most attractive place to build a career, particularly for those starting at the bottom ...
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Article
BSkyB's retail discount scheme sees take-up rise
BSkyB’s online retail discount scheme has been accessed by 49% of employees who have spent more than £1 million on the platform since it was launched six months ago.The scheme, which is called ‘Sky Benefits Extra’ and is provided by Asperity Employee Benefits, has been accessed by 8,500 staff since ...
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Article
Research: Employers' budget pressures continue
Although nearly half (43%) of reward professionals predict a period of growth in 2010 and are upbeat about their organisation's future (48%), a large majority (93%) still feel pressure to minimise costs and improve return on investment.Despite this, 70% do not know how much they spend on benefits, according to ...
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Analysis
Pensions roundtable: Sound business reasons to offer a good pension scheme
A good pension can attract talented staff and enhance an employer's reputation, says Matthew CraigIt is a truism to say people are the most important element in most modern businesses. Phrases such as "our people are our greatest asset" are heard countless times in the corporate world.It therefore follows that ...
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Analysis
How to calculate the savings from salary sacrifice
Potential savings from offering flexible benefits via salary sacrifice can be hard to calculate, says Jenny KeefeOnce employers have decided to set up a flexible benefits scheme using tax-efficient perks offered via salary sacrifice to fund the plan, they might think working out the potential savings is easy.Big savings can ...
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Article
Care UK launches an employee recognition programme for hospital staff
Managers can nominate members of their team who go the extra mile. These staff are given access to an online portal where they can select a gift. They can also bank points to save for a larger gift.Lisa McGill, HR manager at Care UK, said the scheme, provided by Michael ...
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Analysis
Tax changes spur high earners to reconsider pensions
Tax changes for high earners will affect their pension plans and have sparked a search for more tax-efficient investments, says Sarah ColesAccording to the Institute for Fiscal Studies, the UK now owes 53.8% of its national income. So it is hardly surprising the former Labour government announced big income tax ...
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Article
Wheeler checks in
Luxury hotel group Dorchester Collection has appointed Sean Wheeler as director of HR. Wheeler will oversee the Dorchester hotel as well as two new UK hotels, which have yet to open.Wheeler moves from Malmaison and Hotel du Vin, where he has been group director of people development since January 2005. ...