All Employee Benefits articles in Web Issue – Page 336
-
Article
Serco introduces pay grade structure for senior staff
Serco has overhauled the remuneration package for its senior staff after analysing the job roles of 500 employees and establishing a framework for a pay grading structure.The business services firm is currently setting pay grades after ranking job roles using a points-based system. A tool, developed in-house, was used to ...
-
Analysis
Health screening for younger staff can head off problems
If you read nothing else, read this …The foundations of coronary heart disease, osteoporosis and many cancers are laid down in the teens and early 20s, depending on diet and other risk factors.Stress-related ill-health and dependency on drink or drugs are putting more employees under the age of 50 at ...
-
Article
Sterilin introduces new stakeholder pension
Sterilin is to introduce a new stakeholder pension scheme with contributions paid via salary sacrifice, after switching providers.The manufacturer of equipment for the life sciences industry has changed provider from Prudential to Johnson Fleming. As before, the employer pension contribution will be 7.5%, with a minimum of 4% put in ...
-
Article
Linklaters launches stress management policy
Linklaters has introduced a stress management policy and an employee assistance programme (EAP) to support employees’ psychological welfare. The EAP, provided by Axa Icas, offers face-to-face and telephone counselling.The law firm has also set up a steering committee to ensure the stress measures are aligned with its business goals. The ...
-
Analysis
Shock tactics to promote pensions
If you read nothing else, read this …Employees often believe that saving for retirement is painful, and so need to be shown that there is more pain involved in not putting money aside.Any pension communications campaign has to be credible, so using famous faces to endorse it should be carefully ...
-
Article
Civil servants' redundancy packages set to be slashed
Ministers are taking steps to cut redundancy benefits for 500,000 civil servants as part of the coalition government's efforts to cut the country's deficit.At the moment civil servants are entitled to severance payouts worth as much as six years' salary. The government wants to reduce these packages by bringing them ...
-
Article
Jeannie Drake leaves Nest role
Jeannie Drake has stepped down as deputy chairman designate of Nest (National Employment Savings Trust) Corporation following her appointment as a Labour Peer to the House of Lords.Drake was set to formally take on the role today [5 July], when the Personal Accounts Delivery Authority (Pada) was wound up and ...
-
Analysis
Global bonus schemes
If you read nothing else, read this . . .Views on bonuses can differ from country to country, and region to region, as well as between organisations.Labour markets, costs of living and exchange rates must be considered when setting an international bonus structure.Rewarding individuals for the right behaviour as well ...
-
Article
Employees feel more stressed at work than in home life
Nearly half of employees (47%) say that they feel much tenser at work than in their home life according to Aviva's annual Health of the Workplace study.The survey found that 50% of employers consider themselves to be good role models, but 45% also admit to being stressed at work.One in ...
-
Article
Chelmsford Borough Council implements new health plan
Chelmsford Borough Council has introduced a new health plan that gives its 825 employees the opportunity to top up their cover and add partners.The health plan, provided as a collaboration between BHSF and Aon, offers employees diagnostic consultation, therapies, dental and optical benefits, and access to health assessments.Florence Agyei, HR ...
-
Article
Employee Benefits Summit 2010: Delegates value networking
?The Employee Benefits Summit provided a rare opportunity for 50 leading reward professionals to share their views and expertise on a wide variety of current reward issues.Toby Simons, head of international HR & reward at EC Harris said: “The summit was extremely well organised, interesting and enjoyable. I have taken ...
-
Article
The Big Question: Are the new fit notes fit for purpose and fit for the future?
We ask the experts for their answers … have your say online at the Employee Benefits forum.Sarah Barnes, HR manager at Crawley Borough Council:?Employers have, for some time, been restricted by the determination of an employee as being fit or unfit to work from a doctor’s certificate. At face value, ...
-
Article
Marshalls staff take advantage of new benefits scheme
Marshalls has seen a rise in take-up since launching a new benefit scheme in March.More than 400 employees logged on to the ‘Options’ website to look at the range of benefits on offer.The scheme, which is administered by Team Rewards, has been designed to give employees a broader range of ...
-
Article
Employers believe dental benefits enhance staff wellbeing
Three quarters (75%) of organisations believe a dental plan enhances employee wellbeing, according to the 2010 Dental Benefits Survey by Denplan.The survey also found 34% of respondents that are considering adding or removing benefits in 2010 were considering adding a dental plan.More than half (62%) of the respondents said that ...
-
Article
Working Links launches integrated pension and flexible benefits offering
Working Links has enhanced its flexible benefits offering with an improved shopping voucher product, the opportunity to buy holidays and a cycle-to-work scheme.Additionally, employees can now apply for pension benefits through the same website as the flexible benefit offering.The employment and skills specialist appointed JLT Online Benefits as provider of ...
-
Article
Legal and General and Hymans Robertson launch prohibitive pension product
Legal and General and Hymans Robertson have launched a product designed to insure local government pension scheme (LGPS) providers against the potentially prohibitive costs incurred in the event of employees taking ill health early retirement.The product has been developed in response to legislative changes to LGPS rules concerning ill health ...
-
Article
Mercer research: Employees may have to work longer before they retire
Surging annuity prices and lack of market confidence in European economies means many employees may have to work longer than planned in order to retire on a reasonable income, according to a study conducted by Mercer.The consultancy's DC Barometer, which looks at the impact of the movement in annuity rates, ...
-
Article
BT strike ballot cancelled
A ballot of BT employees over pay has been cancelled following legal advice.The Communication Workers Union (CWU) has cancelled the notice for the industrial action ballot after lawyers warned that there were technical breaches that could have invalidated the ballot.It has not been revealed precisely why the ballot may have ...
-
Article
Confessions of a benefits manager: Points make prizes
A new recognition programme is supposed to improve staff motivation, but Candid sees only self-indulgence on the horizonLet’s face it, no one comes into work because they like it here. Least of all me. No one is so motivated by the company mission statement that they spring out of bed ...
-
Article
Friends Provident produces new guide to corporate investment platforms
A new guide aimed at helping employee benefit consultants and trustees unlock the full potential from corporate investment platforms has been produced by Friends Provident.The guide highlights the features and benefits of the tool plus a step-by-step fund dealing cycle illustrating the scale of the efficiencies platforms provide.It follows the ...