All Employee Benefits articles in Web Issue – Page 376
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Article
Clydesdale and Yorkshire Banks promote payroll giving to staff and customers
Clydesdale and Yorkshire Banks are promoting payroll-giving schemes among their staff and encouraging their customers to donate to charity as well.Workplace Giving is an efficient way for an employee to donate to any charity straight from pay and the only way that a higher rate taxpayer can automatically give an ...
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Article
Nest to offer a socially responsible fund option
Trustee members of the National Employment Savings Trust (Nest) Corporation have agreed to offer a fund focussed on investing in a socially responsible manner (SRI).An advert to be published this week in the Official Journal of the European Union (OJEU) invites global equity SRI fund managers to tender for an ...
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Article
Newsquest pays bonus to staff who crossed the picket line
Newsquest has awarded its staff who crossed picket lines at the Southern Daily Echo with a bonus of two days pay.The newspaper’s editor-in-chief Ian Murray informed non-union journalists they would receive an additional day’s pay for working during each of the two recent 48-hour strikes.The two-day strike, which is in ...
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Article
Employers unprepared for pension reforms
Nearly a quarter (23%) of UK businesses have not considered the implications of auto-enrolment on their pension schemes, according to the Aon Consulting Employee Benefits and Trends Report 2010 by Aon Hewitt.The findings from the report coincide with the latest figures from Aon Hewitt’s monthly DC Index which found that ...
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Article
The Phoenix Group updates its flexible benefits package
In its second enrolment period the Phoenix Group’s flexible benefits scheme has seen take up rise from 56% to 74%.†The ‘Flexit’ scheme, which is provided by Vebnet, was originally launched in September 2009 to offer the life and pensions firm’s diverse workforce of 720 employees across four locations more choice.The ...
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Article
The Pensions Regulator launches new guidance
The Pensions Regulator has published new guidance and consultation reports covering the three areas of multi-employer schemes and employer departures; monitoring employer support, and incentive exercises.The multi-employer schemes and employer departures guidance aims to help trustees and employers of multi-employer schemes understand the different mechanisms by which an employer can ...
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Article
Buyer's guide to employee assistance programmes 2011
What are employee assistance programmes (EAPs)?Employee assistance programmes are confidential information and support services designed to support employees who have work or personal problems. They include a 24-hour helpline and full EAPs also offer access to face-to-face or telephone counselling, where necessary.EAPs can also be used to support line managers ...
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Article
Employees think all staff should have access to company car
Almost two thirds (63%) of employees say company cars should be available to all staff, according to a survey by Lex Autolease.Moreover, 78% of staff drivers think their organisation would be concerned if they drove an 'old banger' for business use.Andrew Hogsden, head of financial consultancy at Lex Autolease, said: ...
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Article
Health Shield adds new cover level to cash plan
Health Shield has extended its voluntary corporate cash plan with the creation of a new entry level.Employees can now choose from six levels of cover, including the new ‘Access Level’, priced from £1.25 per week.The introduction of the new level follows a scheme review of all product offerings by Health ...
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Article
Hitachi Capital to offer car allowance to graduates
Hitachi Capital is offering graduates that join its new graduate programme to be implemented in 2011 in its sales division a company car allowance as part of efforts to recruit the best talent.A company car allowance will be given to all new joiners who try their hand at a career ...
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Article
Workplace Options launches mobile phone app
Workplace Options is launching iFindCare, a mobile application that offers a GPS-enabled childcare locator for staff to find and evaluate daycare centres and nanny agencies in their area.The app, which will be available for UK employers in February, has been in use in the US since October 2010 and will ...
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Article
Aston University introduces salary sacrifice on company cars
Aston University has introduced a company car salary sacrifice arrangement to its flexible benefits plan.†Through the scheme, which is provided by Tusker, employees can surrender up to 20% of their salary in return for a new car of which they will take ownership for three years.Aston University has also set ...
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Analysis
Company car salary sacrifice: watch the risks
If you read nothing else, read this... Common risks with salary sacrifice company cars are around early leavers, parental leave and long-term illness. Employers should also be aware that, when changing to a salary sacrifice scheme, it must be reflected on the employee's contract. Make it clear to staff that ...
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Article
Cath Kidston introduces group personal pension scheme
Cath Kidston is to introduce a group personal pension (GPP) scheme and group life benefit.The household and clothing boutique will also introduce a salary sacrifice arrangement on contributions to the GPP, which will be launched in March through Aviva.The firm will also change its pension provider as part of efforts ...
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Article
Government to launch consultation on flexible parental leave
The Department for Business Innovation and Skills will launch a consultation which will explore proposals for the design of a more flexible system of parental leave.Speaking at an event on contemporary parenting, deputy prime minister Nick Clegg said the government wants the changes to embody:Any new arrangement must absolutely maintain ...
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Article
Drive Smarter launches e-learning driver training for small fleets
Drive Smarter has launched an e-learning programme to help small fleets with compliance, cost-savings and risk reduction.The programme is designed to assist in reducing accidental damage costs and result in a safer working environment as well as addressing the required duty of care to employees.The Drive Smarter Small Fleet programme ...
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Article
Employers fail to meet staff expectations on retirement planning
Just 30% of employees believe their employer is doing a good job in helping them plan for retirement and a growing proportion expect financial services-style technology to manage workplace benefits.Out of the 1,000 employees who responded to Mercer's Employee rewards, benefits and savings survey, 86% said they would like to ...
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Article
Leasedrive Velo publishes guide to grey fleet management
Leasedrive Velo has published a guide to grey fleet management.Its Essential Guide to Grey Fleet Management looks at the background behind the rise in grey fleets; the legislative considerations to remain on top of duty-of-care obligations; environmental considerations; the financial impact; essential grey fleet guidelines; and ways of reducing grey ...
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Article
Regent’s College implements new HR and payroll service
Regent’s College has implemented a new web-based HR and payroll service to support its plans for growth over the next five years.The higher education institution has appointed NorthgateArinso to provide its ResourceLink Aurora system in order to streamline processes and cut down the amount of administration required.A range of working ...
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Article
Aurum Holdings drives sales with staff incentive scheme
Aurum Holdings, whose brands includes Goldsmiths, Mappin and Webb and Watches of Switzerland, launched a staff incentive scheme in the run up to Christmas to drive sales in stores.The incentive programme, designed to engage retail staff, ran from mid August to the end of last year. For each piece of ...