All Employee Benefits articles in Web Issue – Page 371
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Article
Interview with Leisa Docherty, head of people services and reward at Sage
Leisa Docherty, head of people services and reward at software company Sage, is focused on the essential role reward plays in attracting and retaining talented employeesComing up with fresh and creative ways of rewarding staff without breaking the bank is the biggest challenge facing compensation and benefits professionals, says Leisa ...
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Article
Meads moves up at IBM
IBM UK has promoted Samantha Meads from within its HR integrated services team to the role of UK total compensation.Her previous position was as HR benefits specialist.Read more articles on People Moves
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Article
Simons upwardly mobile
ABB has appointed Toby Simons global head of mobility, based in Zurich.He will take up his new role in January, after leaving his current position as head of international HR and reward at EC Harris.Simons previously held international HR positions at Italian oil company ENI and South African investment firm ...
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Article
Bikes-for-work schemes back on road after HMRC clarification
BP and BNP Paribas are two of the employers that have reintroduced bikes-for-work schemes since HM Revenue and Customs (HMRC) issued clarification on valuing bicycles at the end of the loan period.Richard Grigsby, director of Cyclescheme, said: "HMRC has provided some clear information but some employers have had a bit ...
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Article
News analysis: FSA puts rein on rewards for risk-taking
Revisions to the FSA’s remuneration code will have a significant impact on how financial institutions reward their employees, says Tynan BartonThe Financial Services Authority's revised remuneration code, which comes into force on 1 January 2011, will bring critical changes to the remuneration practices of nearly 2,500 financial institutions.The proposed revision, ...
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Article
Gladedale thanks staff with voluntary benefits
Gladedale Group has introduced a voluntary benefits scheme to say thank you to employees.My Gladedale Rewards will give the housebuilding group's 850 staff access to discounts on a range of retail goods and services.The scheme is available to all companies in the group, which previously offered only local discounts. The ...
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Article
Towry promotes health benefits
Towry has held a wellbeing day to promote benefits to staff and raise awareness of key health issues.Employees at the wealth adviser's Bracknell and London offices took part in onsite mini health screenings carried out by trained wellbeing specialists, and had the opportunity to have flu jabs. Instructors provided 10-minute ...
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Article
Fair care portal offers charity giving option
Fair Care is to add a payroll-giving scheme to its voluntary benefits portal, Benefit Select, early next year once it has been granted HM Revenue and Customs’ approval.Staff will be able to save to a charity bank by making regular or ad-hoc payments to charities of their choice. The payments ...
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Article
Good holiday package increases in importance for employees
Life assurance and income protection remain among the top five most important benefits to employees.But just 6% of staff receive income protection and 9% get life assurance as part of their benefits package, according to research by Canada Life Group Insurance.A pension is still the most important benefit to employees ...
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Article
Smiths News extends payroll giving scheme
Smiths News is extending its payroll-giving scheme to its 400 Bertram Books employees.The scheme, provided by Workplace Giving UK, is now available to 5,300 staff at the newspaper and magazine wholesaler. Kerrie Colford, community programme manager at Smiths News, said: "We wanted to provide staff with a way to give ...
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Article
KPMG rejigs flexible benefits scheme
KPMG has updated the online portal for its flexible benefits scheme, introduced a longer election period, negotiated better terms for its private medical insurance (PMI) and rebroked dental and optical perks available through flex for its 11,000 staff.The professional services firm's PMI scheme will continue to cover outpatient costs up ...
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Article
Incisive Media revamps discount voucher scheme
0Incisive Media has switched providers for its employee discount scheme and extended the perk to its 135 US and Hong Kong-based staff.The new scheme, also introduced for its 650 UK staff in November, is provided by Asperity Employee Benefits.The firm's previous scheme was provided by The Voucher Shop. Emma Cutbill, ...
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Article
Roche aims to get ahead of schedule on pension auto-enrolment
Roche is planning to bring forward its staging date to auto-enrol all staff into a pension scheme to comply with the 2012 pension reforms.The pharmaceutical firm is required to auto-enrol staff from 2013, but is looking to bring it forward to 2012, with the aim of providing a better duty ...
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Article
Asda introduces onsite fitness classes
Asda has introduced onsite fitness classes in response to employee suggestions about how the retailer can help them lead healthier lifestyles.Asda surveyed staff at its head office in Leeds and found more than 400 were interested in taking up a fitness regime before or after work.As a result, it has ...
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Article
Siemens axes bikes for work but adds gym membership
Siemens has removed its bikes-for-work scheme from its flexible benefits plan for the latest enrolment period.It took the benefit out of the scheme following HM Revenue and Customs' clarification of what constitutes a fair market value at the end of a bicycle's loan period, which has caused some problems for ...
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Article
Legal and General launches auto-enrolment initiatives
Legal and General has launched two new initiatives, designed to meet the auto-enrolment challenges facing employers.WorkSave Choice is designed to manage the process for enrolling or opting out of auto-enrolment into a trust-based qualifying pension scheme, helping to ensure employers fulfil their obligations.WorkSave Pension Trust is designed to provide a ...
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Article
Lawyers' salaries fall in 2010
The average salary for lawyers fell in 2010, according to PricewaterhouseCoopers’ (PwC) 2010 law firms survey.The research found the steepest decreases were among the top firms, because the average wage for a London-based lawyer in a top 10 firm has dropped 10% from £64,200 to £59,000.Matthew Thorogood, HR services partner ...
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Case Studies
Case study: Capital One in credit on auto-enrolment
Capital One is well ahead of the game in preparing for the 2012 pension reforms - it has already introduced auto-enrolment and auto-increases.Working from the premise that the credit card firm's staff should be encouraged to save more for their retirement, its pensions governance committee decided to introduce an arrangement ...
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Case Studies
Case study: BMI Healthcare goes for healthy options
Most of BMI Healthcare's employees are clinical professionals - nurses, physiotherapists and radiographers - so it is not surprising healthcare is one of the most popular benefits.The healthcare provider offers a pension, life assurance, paid sick leave beyond statutory requirements, private medical insurance (PMI) and health assessments.Catherine Ward, group HR ...