All Employee Benefits articles in Web Issue – Page 426
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Article
CIPP research: Only 10% of employers will allow flexible working during Olympics
Just 10% of employers will allow staff to work flexibly during the 2012 Olympics, according to a poll by the Chartered Institute of Payroll Professionals (CIPP).Less than half of the respondents said that they do not know if their employer will allow flexible working.Diana Bruce, senior policy liaison officer at ...
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Article
Pentland Brands reduces fuel use by 16%
Pentland Brands has cut tens of thousands of pounds from its fleet budget and reduced fuel use by 16% after withdrawing its private fuel benefit.The brand management company behind global brands such as Speedo, Mitre and Berghaus used The Miles Consultancy’s (TMC) mileage audit system to gather the critical fuel ...
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Article
Employee Benefits Awards 2011: Most effective use of financial education in the workplace
WINNERE.On, Making the Most of your MoneyThe judges loved the way this entrant focused on two key issues within the organisation and encouraged employees to engage with these.E.On’s two main objectives for its financial education strategy were to help employees find support to deal with debt issues and encourage as ...
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Article
Wealth at Work research: Only 23% of employers think staff are aware of retirement options
Only 23% of employers believe their employees are aware of the various retirement income options that are available, according to research conducted by Wealth at Work. The Rethink Retirement Survey 2011 also showed that 60% of respondents also believe there will be an increased requirement for specialist retirement advice. Jonathan ...
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Article
Alphabet acquires ING Car Lease
Alphabet, the international fleet management division of BMW Group, has acquired ING Car Lease.The purchase price amounts to €637 million. The transaction is expected to close in the fourth quarter of 2011, subject to regulatory approvals.Through the acquisition, Alphabet is able to provide employers with broadened services now in 16 ...
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Article
Adecco starts engines on Zenith Provecta salary sacrifice car scheme
Recruitment agency Adecco has launched a new salary sacrifice car scheme with Zenith Provecta.The Your Car scheme is available to all employees who are eligible for a cash allowance and to company car drivers.Zenith Provecta has been assisting Adecco Group in promoting the benefits of Your Car and methods used ...
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Article
Preston County Council halves childcare voucher administration costs
Preston County Council has halved the administration charge of its childcare voucher scheme after switching providers.The switch from Computershare Voucher Services to KiddiVouchers has enabled the council to decrease the cost of administration from 5% to 2.5%.Since the switch, which took place in May, the level of childcare voucher take-up ...
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Article
MIB Group introduces a stakeholder pension scheme and offers financial advice
MIB Group is to introduce a new stakeholder pension scheme along with independent financial advice for all 87 employees.The new scheme will replace the construction company’s existing stakeholder pension, which had not been taken up by any staff.The company decided a plan with a fixed-fee arrangement would be in the ...
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Article
ALD Automotive/YouGov research: Financial directors unsure of fleet ownership costs
More than a third of UK financial directors are unsure of how to calculate the total cost of ownership of their business cars, according to new research by ALD Automotive and YouGov.The ALD corporate survey revealed that 35% of financial directors are unsure of how to make this calculation, and ...
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Article
Close Asset Management research: Most employers with a low take up of benefits do not offer financial education
Many employers (92%) that suffer from a low take up of benefits do not offer financial education to staff, according to research by Close Asset ManagementThe research, conducted among 2,000 employers in the UK, found that 83% of organisations that suffer from low uptake have not looked at how to ...
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Article
Close Asset Management research: Employers unaware of RDR
Just a third of employers are aware of the implications of the Retail Distribution Review (RDR) and the planned regulatory changes in response to that, according to research by financial education provider Close Asset Management.Although these changes could impact on their benefits packages and benefits providers, 69% of employers said ...
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Article
WorldatWork research: Most employers offer a car benefit to staff
The majority of organisations (89%) offer some type of car benefit to employees, according to research by WorldatWork among its primarily US-based as well as global members.The Vehicle-Related Benefits Survey 2011 found that, of these organisations, 49% offer a minimum of three fleet benefit programmes to their workforce.The most common ...
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Article
MNPA increases flexible benefits take up
MNPA has increased take up of its flexible benefits scheme to 95% after adding in a group personal pension (GPP) plan, switching private medical insurance (PMI) providers, and putting all perks onto an online benefits portal.The pensions firm launched the GPP following the closure of its defined benefit (DB) career ...
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Analysis
Beware legal risks for drivers
If you read nothing else, read this… The Corporate Manslaughter Act and Corporate Homicide Act 2007 has not gone away. With cases still workingthrough the system, managers need to be vigilant. Risk assessments, driver training, time-on-the-road protocols and telematics can all be useful tools tomitigate risk and exercise duty of ...
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Article
Employees push boss' car home
News that ten workers in China pushed their boss’ car home after a drunken team meal brings a whole new meaning to workplace concierge and chauffeur services.This rather unusual team effort, characterised by laughter and singing, took place after boss Zhang Fei realised that he and everyone else had drunk ...
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Article
Boss's car swapped for Lego model
Employees cherishing shiny new cars obtained through their employer’s company car scheme will empathize with Legoland California manager Peter Ronchetti, who was stunned to discover that all was not well with his Volvo.The vehicle he had driven into work one morning had turned into Lego through the course of the ...
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Article
Buyer's guide to financial education
Focus on factsWhat is financial education?The aim of financial education is to teach staff money skills. As well as a thorough grounding in employee benefits, such as how pensions and share plans work, workers are taught how to handle other finances, from tax planning to individual savings accounts (Isas). At ...
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Article
Cheshire West and Chester Council launches salary sacrifice car leasing scheme
Cheshire West and Chester Council has launched a salary sacrifice car leasing scheme for 9,500 employees.The benefit, launched last month, allows staff to choose from 450 environmentally friendly vehicles emitting less than 120g/km of CO2.The council saved time and money by basing the scheme on an existing framework agreement set ...
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Article
Hymans Robertson introduces car leasing scheme
Hymans Robertson has introduced a car leasing scheme as a voluntary benefit for its employees.The scheme, provided by Affinity Vehicle Leasing, offers employees a personal contract hire option, whereby the car is returned at the end of a fixed period, and personal contract purchase, where the car can be purchased ...
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Article
CBI and Hays research: Employers are tuned into flexible working
Reward packages of the future will increasingly reflect the needs of employees, according to research conducted by the Confederation of British Industry (CBI) and Hays.Employers are thinking more flexibly about reward but perks will be driven by employee demand more and more.The report Thinking positive: the 21st century employment relationship, ...