All Employee Benefits articles in Web Issue – Page 340
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Nuffield Health launches nutritional service
Nuffield Health has launched a nutritional service to help employees improve their health by gaining a comprehensive view of their diet.The new service will give employers a comprehensive survey of the dietary habits of its workforce, from which the nutrition team will produce a bespoke plan ranging from seminars and ...
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Government proposes annual allowance of £40,000
The coalition government is proposing to implement an annual allowance for pension contributions of £40,000 as alternative to Labour's policy of restricting tax relief on pensions for higher earners.In its report Restrictions of pensions tax relief: a discussion document on the alternative approach the government said it envisaged that the ...
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Peoplevalue launches new employee reward and recognition service
Peoplevalue has launched an employee reward and recognition impact and effectiveness review service.Its eRewardInsight service will help employers structure an employee reward and recognition scheme prior to its introduction to ensure it is aligned with business objectives.It will also give employers an insight into the functioning of existing reward and ...
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McDonald’s sees 60% take-up of new voluntary benefits scheme
McDonald's has achieved 60% take-up of its new voluntary benefits scheme.More than half of the fast food chain’s 80,000 UK employees have taken advantage of its voluntary benefits scheme, saving £100,000, in the first three months after it was introduced in March 2010.The scheme, provided by Asperity Employee Benefits, includes ...
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Default retirement age to be scrapped
The default retirement age (DRA) will be scrapped from October 2011 under proposals published for consultation by the government today.The new plan will allow for a six-month transition period from existing regulations, which will be phased out from April 2011.Currently employers can make employees retire at 65, however with people ...
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Audit Commission report: Local government pension scheme needs reform
The Local Government Pension Scheme (LGPS) needs reform, says a newly published report from the Audit Commission.The report, Local government pensions in England, states that the cost of providing council pensions is rising in absolute terms and as a proportion of the total pay bill.Looking at whether LGPS benefits are ...
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Marks and Spencer signs for international relocation service
Marks and Spencer is one of 22 organisations that Hamptons International has signed on to its corporate services offering in the first three months of 2010.The international residential agents offers relocation for existing employees, relocation for new recruits and granduates, short-term rentals, and employee benefit schemes.Adam Hozaifa, a strategy and ...
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More than half of older generation of employees will work longer
More than half (55%) of the UK’s older generation of employees never anticipate ceasing work completelyAccording to a survey by HSBC, conducted among 2,000 of the UK’s over 50’s, 60% intend to do continue working to compensate for the shortfall in their retirement income, with 55% of 50-60 year olds ...
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IPP research: One in five employees discuss their salary with colleagues
One in five (18%) employees discuss their salary with their colleagues while more than half (53%) talk about how much they get paid outside of the workplace with family and friends.In addition, more than one in six (15%) said they would read a colleague's payslip if they found it on ...
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FSA plans to extend tough measures on bankers’ pay and bonuses
The Financial Services Authority (FSA) has announced proposed revisions to its Remuneration Code to extend to 2,500 financial services firms.The revision would mean the code, which aims to tighten the rules around bankers’ pays and bonuses to discourage short-term risk-taking, will now cover most hedge funds and investment managers, as ...
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Two thirds of employees have embarrassing mishaps at work
According to research by Home Learning College, two thirds of British workers admit to having an embarrassing mishap at work.In the Home Learning College's research topping the list of embarrassing mistakes for 10% of male staff is calling their boss Mum or Dad. This is closely followed by 9% of ...
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ACFO survey: fleets have little interest in salary sacrifice
Although salary sacrifice schemes are being promoted by vehicle providers as the new employee benefit for 2010 and beyond, a survey by ACFO, the fleet operators’ organisation, has revealed interest levels are lower than marketplace comments would suggest.The accelerating arrival from vehicle manufacturers of low-emission cars twinned with attractive corporate ...
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Wolfson Microelectronics adds sharesave and group personal pension salary sacrifice
Wolfson Microelectronics is launching a sharesave (save-as-you-earn) scheme and introducing a salary sacrifice arrangement for contributions to its group personal pension (GPP) for its 350 UK employees.Through sharesave, staff will be able to invest £5 to £250 a month for three years. They will then be able to take their ...
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Ashurst adds emergency childcare service
Law firm Ashurst has brought in an emergency childcare service for its 1,200 employees.The service, provided by My Family Care, enables staff to book an emergency childminder, nanny or nursery place if their regular care arrangement has broken down. Staff pay for the childcare, but Ashurst covers the service's registration ...
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The Institute of Mechanical Engineers introduces financial advice service
The Institution of Mechanical Engineers has introduced a financial advice service for its 150 staff and 90,000 members.The service, launched last month in conjunction with AWD Chase de Vere, will include seminars and discussion groups, addressing topics such as retirement planning and savings and investments. There are also plans to ...
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IASB aims to improve financial reporting on vehicle leasing
The International Accounting Standards Board (IASB) and the US Financial Accounting Standards Board (FASB) have published joint proposals to improve the financial reporting on vehicle leasing contracts.The aim of the proposals is to provide a consistent approach to lease accounting for both the lessees and lessors, bringing all leased assets ...
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Airbus staff take up salary sacrifice car scheme
Airbus has achieved a 4.5% take-up among eligible employees for its salary sacrifice car scheme since it was launched in July.Employees can pay for perk cars out of their gross salary, saving on tax and national insurance (NI) on the lease price. On average, staff can save £70 to £80 ...
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Discovery Channel introduces back-up care service
Discovery Channel has introduced a back-up care service giving all its 550 UK-based staff free emergency childcare, eldercare and school holiday cover.The scheme, provided by My Family Care, adds to the firm's offering of childcare vouchers and discounts at a local nursery, to provide more flexibility around care arrangements. Jane ...
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Small fleets neglect duty of care and driver training
Small fleet operators fail to recognise the importance of duty of care and offering driver training..According to the Company Car Trends report by GE Capital Fleet Services, just over three in five (63%) small fleet operators see the significance of duty of care, compared to three-quarters (76%) of larger fleets.The ...
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Doosan Power Systems launches salary sacrifice scheme for company cars
Doosan Power Systems has launched a salary sacrifice fleet scheme for 2,500 employees as a voluntary benefit.The power utilities firm previously had a company car scheme in place but has added the salary sacrifice element to encourage low-cost car ownership through low CO2 vehicles.Launched this month through Zenith Provecta, the ...