All Employee Benefits articles in Web Issue – Page 332
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Employee Benefits Awards 2010: Most effective travel strategy for business and perk car drivers
Winner Whitbread Company car schemeWhitbread’s approach to its company car strategy stood out because of the company’s refusal to take the easy option when looking to reduce the scheme’s running costs by 25%. The judges were impressed by the effort made to improve the benefits offered to staff, rather than ...
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Employee Benefits Awards 2010: Most effective benefits strategy for working parents and carers
WinnerNHS Bradford and Airedale District Childcare support serviceThis winning entry focuses specifically on working mothers, but it was its range and innovation that made it stand out from other entrants.The strategy covers a large workforce across four NHS trusts, and it has been in development since 2002, gradually adding initiatives. ...
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Employee Benefits Awards 2010: Most effective motivation or incentive strategy (sponsored by Compliments)
WinnerWhitbread Going for goldIn a closely-fought category, Whitbread's entry stood out because of the way it used its motivation strategy to address key business challenges. The firm operates across industries hit hard by the recession, so it was vital to engage staff with the business to improve sales across brands. ...
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Employee Benefits Awards 2010: Most effective sickness absence management strategy
WinnerHumberside Police Attendance criteria policyBefore introducing its sickness absence strategy, this was one of the worst-performing police forces in the country, with absence costing more than £3m a year. Culturally, there was an acceptance of sickness absence and staff perceived that they had the right to leave the force early ...
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Employee Benefits Awards 2010 winners and finalists
The Employee Benefits Awards is the only event in the UK dedicated to celebrating employers’ reward and benefits strategies. This year, more than ever, it is vital to acknowledge outstanding practices as employers aim to engage staff in tough times.So we would like to congratulate our worthy finalists and winners!View ...
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Mercer to acquire ORC Worldwide
Mercer has signed an agreement to acquire ORC Worldwide, to further strengthen its services as a global provider of human resource intelligence.Mercer and ORC are both known for their employee mobility information and related administrative applications, international talent management consulting, and compensation and workforce data.Ilya Bonic, senior partner and global ...
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Hammonds to introduce health screening
Hammonds is to introduce a salary sacrifice health screening programme for employees.The law firm will initially launch the benefit for staff based in its Manchester office, before rolling it out to its three other UK offices in London, Leeds and Birmingham.Staff will be encouraged to take advantage of an hour-long ...
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Barratt launches payroll Isa
Barratt, the house builder firm, has introduced a company individual savings account (Isa) for employees.The Barratt Isa, which is provided by Legal and General, will offer employees the same tax efficiency as a personal Isa, but with lower management charges and the ability to make payments via payroll deductions.The Barratt ...
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Employee Benefits award winners announced
The winners of the Employee Benefits Awards 2010 were announced at a glittering lunch ceremony at the London Hilton, Park Lane on 25 June.Employers such as Whitbread, Kwik Fit Financial Services, Kent County Council, E.On, Capital One and Unilever were honoured.Whitbread won the Grand Prix for its strong performance in ...
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Judgement on Pilots’ pension deficit case brings clarification for employers
The High Court judgement on the Pilots’ National Pensions Fund (PNPF) deficit case brings clarification for pensions schemes on what is classified as an employer with regards to pension liabilities.Following the ruling, employers that believed they were free of obligations to contribute to under-funded schemes may still be eligible for ...
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Premier Retirement Services launches online pension service
Premier Retirement Services (PRS) has launched an online service for pension scheme members to learn more about their retirement options.The website includes more than 100 pages of content for members of employer-run schemes to learn about annuities and alternatives schemes, as well as being able to produce real-time annuity quotes ...
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Taylor Wimpey to close legacy DB scheme to future accrual
Taylor Wimpey will close its legacy defined benefit (DB) pension scheme to future accrual as of 31 August.The home building firm was formed by the merger of George Wimpey and Taylor Woodrow in July 2007. The Taylor Woodrow DB scheme was closed to future accrual prior to the merger so ...
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Friends Provident staff raise money for charity
Friends Provident employees have helped to raise money for the charity Brain Tumour UK in memory of Friends Provident's former managing director UK, Simon Champ, who died earlier this year. The 32-mile 'Walking for Simon' charity event took place on 27 June and has so far raised £13,715 of a ...
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Staff expect more employers to invest in health and wellbeing
Over half (56%) of employees expect their employers to invest in their health and wellbeing but just 16% of workers say their organisation has done so.According to research by Bupa, Workplace Health: A Worthwhile Investment, 15% of employers offer private medical insurance to employees, 12% of employers provide advice and ...
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Panasonic to launch flexible benefits scheme
Panasonic is to introduce a flexible benefits scheme and total reward statements.The electronics company is to launch its flex plan on 1 August in order to offer more choice around benefits for staff. The scheme will include a group personal pension (GPP) plan, cycle-to-work scheme and childcare vouchers, all of ...
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Pensions savings have been hit by the recession
Pensions savings have been hit by the recession with more people saving less, according to figures from Scottish Widows.The Scottish Widows pensions index, which measures the proportion of people saving enough for their retirement, stands at 48% this year, down 6% since last year - the lowest since 2006.Overall, 41% ...
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BBC to close defined benefit pension scheme to new members
The BBC is to close its defined benefit (DB) pension scheme to new joiners from 1 December 2010.Existing members will remain in the scheme and continue to build up benefits under the current structure. However, from 1 April 2011 future salary increases for calculating pension benefits will be limited to ...
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General and Medical forms new healthcare trust organisation
General and Medical has merged its healthcare trust organisation ProAmica with recent acquisition Revelation Healthcare.Every new healthcare trust launched under the ProAmica Trust brand will benefit from free and immediate access to employee assistance. This is supported by an online health and wellbeing service which offers access to a range ...
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BT cuts pension deficit by £1.4 billion
The BT Pension Scheme (BTPS) has reduced its deficit by more than £1.4 billion due to an increase in assets by £2.8 billion.The pension scheme’s annual report revealed that at the end of 2009 the deficit had fallen from £9 billion to £7.6 billion.The BTPS saw an overall investment return ...
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Buyer's guide to financial education (July 2010)
Financial education has probably never been more relevant to employees, and organisations can tailor it to the needs of their workforce in various ways, explains Ben JonesIn an age when those we entrusted with our money fouled the whole business up so spectacularly, one might be forgiven for asking: if ...