All Employee Benefits articles in Web Issue – Page 335
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Article
Arqiva harmonises pension provision following merger
Arqiva has introduced a new group personal pension (GPP) plan to harmonise its pensions provision after its merger with National Grid Wireless in 2008.Both Arqiva and National Grid Wireless had an existing GPP, and reviewed the offering post-merger to create a new plan, provided by Aviva. Arqiva also has a ...
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Article
Lorica and Mondial Assistance launches new travel insurance product
Lorica has partnered Mondial Assistance to launch Mondial Travel Select, a travel insurance product that allows staff to tailor their cover based on specific travel requirements.It will be offered through Lorica’s flex platform, Cube. Lorica previously offered travel from a range of insurers, but aimed to get a better deal ...
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Article
RBS revives charity lottery and retenders insured benefits
Royal Bank of Scotland Group (RBS) is to reintroduce a charity lottery benefit to its flexible benefits scheme and has retendered many of its insured benefits.The charity lottery, which it suspended temporarily in 2008 after its then administrators’ withdrawal from the market, works on the basis that staff can contribute ...
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Article
Centrica staff get flexible benefits top-up
More than 4,000 Centrica staff have topped up their flexible benefits allowance via salary sacrifice since the energy firm introduced the option to do so in April this year.Through a salary sacrifice arrangement, staff can choose to make a deduction from their pre-tax salary to top up their flex fund. ...
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Article
Interview with Ralph Turner, pensions and benefits director, Mars Group
Ralph Turner, pensions and benefits director at the Mars Group, says he and his peers are preparing to tackle the effects of “short-term politics” on pensions and taxFor Ralph Turner, pensions and benefits director at the Mars Group, working in employee benefits resulted more from a meeting of minds than ...
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Article
Employee Benefits Live preview
Employee Benefits Live, the biggest benefits event of the year, will take place on 28-29 September 2010. Now in its 12th year, this exhibition and conference will be staged at the Business Design Centre in Islington, LondonEngagement strategy is vital for employers?Engaging employees will be a key theme at this ...
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Article
Personal Group research: Most staff do not make best benefits
The majority of employees (81%) are not making the most of their benefits packages.However, nearly half (47%) are actively taking steps to measure the value of the package they are entitled to, according to Personal Group’s Let’s Talk Benefits research conducted among 109 individuals.In order to better measure the value ...
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Analysis
Gifts of recognition boost staff motivation
If you read nothing else, read this …Small gifts can be more visible and therefore motivating for staff than more expensive perks that can be overlooked.They can send a clear message to staff that they are valued and create a buzz in the workplace.Such gifts can include a bunch of ...
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Case Studies
Case Study: Bravissimo
Lingerie retailer Bravissimo supports its staff with a host of small gifts, including shopping vouchers, cupcakes and jars of sweets.Laura Meneaud, HR director, says: “We like the little-and-often approach, rather than big, grand gestures. We feel it is important to value and appreciate our employees throughout the year. Recognition is ...
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Article
Yell and Honda UK launch carbon payroll giving schemes
Yell and Honda UK have signed up to cut carbon emissions as part of the Woodland Trust’s Carbon Payroll Giving scheme.The Woodland Trust launched the scheme in June to help individuals compensate for their carbon emissions, through donations, by planting more native trees in the UK.Employers are able to offer ...
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Case Studies
Case Study: Leaseplan
Being an employee benefits provider means vehicle management company LeasePlan UK is very conscious of the service it receives on its own benefits package.Sarah Mengham, HR service development manager, says: "Service is important. We are shielded from poor service to some extent as our employee benefits consultants, Lorica, look after ...
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Case Studies
Case Study: Sony Pictures Entertainment
In May 2009, Sony Pictures Entertainment put its pension and other benefits under the spotlight by launching a communications campaign designed to tie in with its film release Angels and Demons.As part of the strategy, created in conjunction with Buck Consultants, the firm's 400 staff were sent on a quest ...
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Case Studies
Case Study: Dennis Publishing
When Dennis Publishing appointed Screenetics to provide on-site salary sacrifice health screening to its 300 staff for the first time, it saw take-up exceed 60%, rising to 75% for employees under the age of 40. The average age of staff at the company is 32.Alison Hunter, HR director at Dennis ...
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Case Studies
Case Study: Metaswitch
Communications technology firm Metaswitch rewards employees who go the extra mile with treats such as vouchers for meals for two.The company, which has 540 staff, gives newlyweds wine glasses and new parents bouquets of flowers. There are also bottles of champagne at long-service milestones. All new joiners receive a bag ...
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Case Studies
Case Study: Madgex
Recruitment software company Madgex shows its gratitude to employees with cakes and bottles of bubbly.At the firm, which has 54 staff, managers send out regular thank-you emails, copying in the whole company, so people can see who has worked particularly hard on a difficult project.Hanna Smith, HR director, says: "Saying ...
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Analysis
Group risk: Rising to meet the new challenges
The group risk market is having to adapt to changing circumstances, says Andrew Tripp, chairman of the Association of Medical Insurance Intermediaries. Nicola Sullivan reportsThe traditionally rather staid group risk market is currently facing a number of challenges. For example, a softening on premiums has made the market more competitive ...
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Analysis
Changing times for Telegraph Media Group
High-profile changes have been the big news for Telegraph Media Group’s pensions and benefits in the past three years, says Debbie LovewellDespite operating in a sector that was hit hard by plunging advertising revenue in the recession, Telegraph Media Group appears to have weathered the storm. According to the Audit ...
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Analysis
Group risk: How the market is changing
If you read nothing else, read this . . .Phasing out the default retirement age will have a negative impact on both employers and employees, because group risk products could become more expensive.The Equality Act 2010 could affect pricing in the group risk market because the cost of these products ...
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Article
Damien Teissiere leaves Goldman Sachs
Damien Teissiere has left his role of head of reward, Europe, Middle East and Africa (EMEA) and India at investment bank Goldman Sachs.Before taking up the post in 2008, Teissiere was global head of reward at Unicredit Group. During his career, he has also been head of pensions and benefits ...
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Article
John Lewis to hold summer events for staff
John Lewis Partnership is to hold a series of events for staff and their families over the summer.On 25 July, it will stage an outdoor festival in the Thames Valley, followed by an event at the Tower of London for several thousand staff and their families.The retailer has also published ...