All Employee Benefits articles in Web Issue – Page 428
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Article
Employee Benefits Awards 2011: Most effective all-employee share scheme strategy
WINNERMarks and Spencer, Sharesave 2010 entered by EquinitiThe tough economic climate, coupled with the Treasury’s decision to remove the bonus on three-year sharesave schemes, prompted Marks and Spencer to review its scheme to ensure it continued to be valued as an employee benefit.he company took the bold step of stripping ...
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Article
Employee Benefits Awards 2011: Most effective reward or benefits strategy for staff based outside the UK
WINNERQuintiles, EMEA total reward statements entered by EdenredThe pharmaceutical firm bravely took on the challenge of delivering international total reward statements cost-effectively and in a short timeframe.A three-tiered approach enabled Quintiles to deliver the appropriate statements in various countries. Unusually, the analogy used to convey messages around reward was milk. ...
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Article
Employee Benefits Awards 2011: Most effective benefits strategy in a public sector organisation
WINNERUniversity of Lincoln, UOL Total RewardLike many public sector organisations, the University of Lincoln had traditionally taken a very formal approach to benefits, based on the public sector philosophy of offering generous sickness entitlement, holidays and pay, but demonstrating little in the way of creativity. To meet the needs of ...
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Article
Employee Benefits Awards 2011: Benefits team of the year
WINNERAmey nominated by Aon HewittThis entry from the large public contract supplier demonstrated its HR and benefits team’s strong links with the organisation’s business strategy. The team is at the heart of what Amey is trying to achieve, playing a key role in helping to meet organisational objectives and being ...
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Article
Employee Benefits Awards 2011: Benefits professional of the year
WINNERJohn Chilman, group reward and pensions director, FirstGroupJohn Chilman is a well-known and highly respected figure in the employee benefits industry. He has been highly rated for the work he has done at FirstGroup in recent years. During his tenure, the transport firm has won several Employee Benefits Awards accolades, ...
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Article
Employee Benefits Awards 2011: Most effective total reward strategy
WINNERRS Components, My RewardIn 2008, RS Components, like many other employers, felt the effects of the economic downturn and had to implement redundancies, pay freezes and bonus cuts. As part of efforts to re-engage its workforce during this difficult time, the firm introduced a branded total reward scheme. Extensive research ...
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Article
Employee Benefits Awards 2011: Grand Prix
E.On was voted winner of this year’s Grand Prix because of its approach to tackling employees’ financial wellbeing issues, particularly in relation to debt and saving enough for retirement. Debt is currently one of the biggest problems in the UK, but in the next 10 years, the largest issue is ...
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Article
Employee Benefits Awards 2011: The Judging Panel
Employee Events Awards Judging PanelDebi O’Donovan is editor of Employee Benefits and is responsible for editorial strategy across events, web and magazine.Bernie Buckley is head of reward and analysis at Whitbread, the employer that won the Employee Benefits Awards Grand Prix 2010.Samantha Gee was director of strategic reward and resourcing ...
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Article
Employee Benefits Awards 2011
The Employee Benefits Awards is the only event in the UK dedicated to celebrating employers’ reward and benefits strategies. This year, more than ever, it is vital to acknowledge outstanding practices as employers aim to prepare staff for changes ahead.So we would like to congratulate our worthy finalists and winners!Download ...
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Article
Group Risk Research 2011: Sponsor's comment: Reducing sickness absence is a valuable achievement for all
Group income protection is proving its worth for both employers and employees in difficult times, says Declan White, group protection marketing manager at Friends LifeIn February this year, the government called for a major review of the sickness absence system in the UK in order to help combat the 150 ...
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Article
Group Risk Research 2011: Benefits on offer
Critical illness insurance has increased in popularity as a voluntary benefit, while income protection for expatriate staff is also on the rise, says Tynan BartonEmployers are more likely to offer life assurance/death-in-service benefits to staff as a core benefit, rather than through an employee-paid voluntary benefits scheme. This may be ...
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Article
Group Risk Research 2011: Cost
Some employers still do not know what they spend on benefits provision in this area, but many focus on obtaining quality, good-value products, says Jennifer PatersonWhen selecting a provider for both healthcare and group risk benefits, the top factors respondents look for are the quality of the product or service, ...
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Article
Group Risk Research 2011: Actions taken
Employers continue to seek economies, with many reviewing their providers or advisers and the fees or commission they pay, says Tynan BartonThe economy has put pressure on employers to cut the cost of their group risk benefits, as cited by 48% of respondents. Over half (58%) have reviewed their providers ...
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Article
Group Risk Research 2011: Current issues
Many employers are unconvinced of the effectiveness of fit notes and other government reforms in helping to reduce sickness absence, says Tynan BartonOn 6 April 2010, the Department for Work and Pensions introduced the fit note to replace doctors’ sick notes, switching the focus from what a person cannot do ...
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Article
Group Risk Research 2011: Key findings
Our group risk survey was carried out in April 2011, with analysis based on 356 responses from Employee Benefits readers and users of www.employeebenefits.co.ukKEY FINDINGS41% believe government plans will help get the long-term sick back to work.36% believe they will need to review their absence strategies in response to the ...
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Article
Group Risk Research 2011: Attitudes
Employers see group risk benefits as an important recruitment, retention and reputational tool, as well as helping to control costs, says Jennifer PatersonFor the most part, employers’ top objectives in providing group risk benefits are the same, whether they offer group risk benefits alone or in conjunction with their healthcare ...
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Article
Adidas adds perks to voluntary benefits scheme
Adidas has added a dental plan, travel insurance, critical illness insurance and life assurance for employees’ partners to its voluntary benefits scheme.The new benefits, launched on 1 July, are all available to staff and their families. The firm already offered life assurance for employees but has added optional cover for ...
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Article
News analysis: Should Pies be banned?
The government wants to crack down on incentivised transfer exercises in workplace pensions, but some experts oppose a ban, says Nicola SullivanPensions minister Steve Webb has urged a crackdown on the use of enhanced transfer values (ETVs) when employees move from defined benefit (DB) to defined contribution (DC) pension schemes.ETVs ...
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Case Studies
Case study: Siemens finds the answer to global staff recognition
With 60,000 staff across more than 190 countries, Siemens had a disparate range of reward and recognition programmes in place for many years. But the firm recognised the need to create a company-wide programme and, in early 2010, it set up a recognition scheme called You Answered.The programme, provided by ...
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Article
Aon Hewitt research: Employee healthcare costs on the rise
Employee healthcare costs have risen by over 50% in the last five years, according to Aon Hewitt's Benefits and Trends Survey.The research, involving 480 UK employers, found 69% want to reduce costs, and 67% have experienced rising healthcare premiums. Nearly one-third of employers plan to revise their healthcare perks to ...