All Employee Benefits articles in Web Issue – Page 354
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Analysis
Top benefits professionals reveal secrets of success
Eleven of the country’s leading benefits professionals reflect on their career highlights and share their thoughts on what it takes to achieve award-winning success in the reward industryThe status of benefits professionals within organisations has never been greater. No longer part of what was once seen as a “soft and ...
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Article
Unum research: Well-communicated benefits packages are essential to employee engagement
Well-communicated benefits packages are essential to employee engagement.According to Unum’s Financial protection research, 91% of companies with high levels of engagement (above 80%) communicate details of their benefits via a face-to-face meeting. Printed handouts were preferred for 64% of highly engaged companies.The research also found that an organisation is only ...
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Article
Marilyn Benmergui joins Cigna
Cigna has appointed Marilyn Benmergui European compensation and benefits manager.Her role will include direct responsibility for regional payroll, governance activities, and an overall consultancy and advisory role for pension schemes and new benefit initiatives.Benmergui joins from Baker Hughes, where she was regional total rewards manager. She has also worked at ...
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Analysis
Health and wellbeing: Weird and wonderful wellbeing perks can boost engagement
If you read nothing else, read this . . .Employers are increasingly interested in offering creative and quirky health and wellbeing benefits to support their staff.Supporting the health and wellbeing of employees can improve motivation and engagement levels, in turn, leading to improved productivity.Creative benefits not only support employees' physical ...
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Case Studies
Case study: Share incentive plan relaunch boosts take-up at FirstGroup
After relaunching its share incentive plan (Sip) in November 2009, FirstGroup saw overall take-up increase by 38% compared with the previous year. Take-up by staff aged under 30 rose by almost 63%, and now exceeds the rate among older employees.The relaunch was particularly focused on the under-30s, among whom participation ...
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Analysis
Molton Brown gives employees the perks they want
Molton Brown likes to pamper its staff, so its benefits are aimed at giving employees what they appreciate most, says Debbie LovewellMany employees think themselves lucky if they receive a card from their team mates on special occasions. But at cosmetics and beauty company Molton Brown, significant events in employees’ ...
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Article
Mitchells and Butlers staff set to save energy
Mitchells and Butlers is offering its employees free energy-saving products for their homes.The benefit, rolled out to 1,000 corporate staff at the pub and restaurant chain in September, is provided by Grass Roots Group.It is aligned with the employer’s corporate social responsibility strategy, which includes integrating energy-awareness messages into its ...
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Article
Buyer's guide to Electronic vouchers
Electronic gift vouchers are growing in popularity over their paper counterparts, and now employees may not even need any plastic to cash in on the perk, says Tynan BartonThe market for gift vouchers is growing as employers recognise their importance in engaging and motivating staff. The move away from paper ...
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Article
Carrier Transicold introduces Lifescan health checks for staff
Carrier Transicold has introduced Lifescan health checks to enhance its healthcare offering to employees.The transport refrigeration equipment firm has offered healthcare assessments to all employees since 2003, but made the decision in summer 2010 to offer Lifescan health checks to further support their health and wellbeing.The health checks use computed ...
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Case Studies
Case study: Pepsico caters for young tastes
Pepsico UK and Ireland has ensured its benefits package is tuned into the requirements of the next generation of workers.The firm has introduced total reward statements, revamped its flexible benefits package and is now planning to introduce new perks that are relevant to millennials. For example, it is considering introducing ...
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Case Studies
Case study: Wolfson switches staff on to sharesave
When Wolfson Microelectronics launched its first sharesave scheme this August, it used a variety of communication strategies.Face-to-face briefings were conducted with Ernst and Young and Yorkshire Building Society (YBS). Issy Urquhart, vice-president of human resources at Wolfson, says: "All UK employees were invited to attend a briefing session and we ...
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Analysis
Using salary sacrifice to make pension contributions
If you read nothing else, read this...Before implementing a salary sacrifice pensions arrangement ensure it is viable for the business.Employee contracts need to be changed to show the change of salary, but minimum wage laws must be adhered to.Get HM Revenue and Custom approval and make sure employees understand all ...
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Article
RBS global role for Damien Teisseire
Royal Bank of Scotland Group has appointed Damien Teisseire group head of reward for global banking markets.Teisseire was previously head of reward for Europe, Middle East and Africa (EMEA) and India at Goldman Sachs, which he left in July.Before joining Goldman Sachs, Teisseire was global head of reward at Unicredit ...
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Article
David Jones moves to JLT Group
JLT Group has appointed David Jones head of compensation and benefits. Jones joins the employee benefits consultancy from law firm Linklaters, where he was reward and benefits manager.Jones has worked in the HR sector for more than 15 years and has specialised in reward and benefits for the past seven. ...
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Article
Johnson Fleming research: Most pension salary sacrifice offerings are the default option
Employers which use a salary sacrifice arrangement for employee contributions to their organisation’s pension scheme are saving an average of £367.71 per year per member.The figure is the result of Johnson Fleming’s internal research, the Johnson Fleming Salary Sacrifice Analysis, which polled 8,633 employees. Among respondents, the average employee contribution ...
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Analysis
Employers must meet the needs of the millennial generation
If you read nothing else, read this...Employers must invest in reward for the millennial generation to exploit their technology-driven talents.Employers must find out what young people expect of the labour market.Social networking forums can be an effective way of providing financial advice for young employees.Initially, employers might want to offer ...
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Analysis
Health and wellbeing: Employers must tackle mental health issues
If you read nothing else, read this …Mental health problems are estimated to cost employers £26 billion a year in sickness absence, reduced productivity and turnover.Mental health problems can range from the moderate - stress, anxiety and depression - to the more severe - schizophrenia, bipolar disorder and post-traumatic stress ...
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Article
Nicholas launches payroll giving scheme
Soft drinks organisation Nicholas is to launch a payroll giving scheme on 15 October for its 115 employees.The scheme, which is provided by Workplace Giving UK,† allows staff to contribute a minimum of £5 a month from their salary to a charity of their choice. This will be matched pound ...
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Analysis
Occupational health nurses have vital role
If you read nothing else, read this …An occupational health nurse plays a strategic role in supporting and influencing a healthcare strategy.The nurse will identify health risks, provide advice, carry out health surveillance and screening and help with absence management.The nurse can be directly employed, supplied by an outsourcing provider, ...
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Article
Heath Lambert service helps with staff sickness
Heath Lambert Employee Benefits has a new service to help employers manage staff health.The Wellness4Work programme is an integrated case management system that helps employers manage sickness absence and the return-to-work process. It acts as a conduit for information between the employer and benefits such as income protection, employee assistance ...