All Employee Benefits articles in Web Issue – Page 435
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Analysis
Pilot schemes are a good way to test benefits
If you read nothing else, read this… Running a pilot benefit scheme is a good way to find out how it will work, timescales and budgets, what communications are needed, and whether it is right for the workforce. Preparations should include details on expected outcomes, as well as the desired ...
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Analysis
Benefits in Singapore
If you read nothing else, read this… The increasing use of flexible benefits by employers in Singapore is effective in attracting and retaining talent. Using the segmentation of flex to target different demographics is increasingly in evidence. Extending international staff share schemes for expatriate workers is generally trouble-free ...
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Article
Buyer's guide to bikes-for-work schemes
Key factsWhat are bikes-for-work schemes?These are tax-free loans that can be operated under salary sacrifice. Employers buy the bike for an employee and the amount is deducted in equal instalments from gross salary. Staff make savings off the retail price of a new bike as a result of tax and ...
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Case Studies
Case study: B&Q fits in older workers
DIY retailer B&Q sees that an age-diverse workforce brings a wealth of skills and experience. It has operated without a default retirement age for over 15 years, and aims to provide ageneutral benefits for its 32,000 employees.This means ensuring the perks for staff across its 300 UK branches, such as ...
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Analysis
How reward professionals should tackle conflicts of interest
If you read nothing else, read this... Bending the rules when it comes to benefits is a highly emotive issue and can result in conflicts of interest for reward professionals. Self-interest in a particular perk is not necessarily a bad thing. Reward professionals must not be tempted to let personal ...
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Analysis
Which pension schemes do target date funds suit?
If you read nothing else, read this... Like lifestyle funds, target date funds de-risk as the member nears retirement by switching into cash and bonds. Their structure allows the pool of investments to be tactically managed. However target date funds have few providers in the UK, no performance track record ...
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Analysis
Employer profile: L'Oreal UK
Case study: Parent-friendly, winning culture at L’OrealJamie Lane, commercial director for L’Oreal UK’s brand L’Oreal Paris, has worked for the firm for nine years. He manages the sales team for the UK and looks after accounts with retailers such as Tesco, Asda and Boots.As a new father, Lane particularly appreciates ...
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Article
ALD Automotive research: Average CO2 emissions down in company cars
The average carbon dioxide emissions of new company cars have dropped to an all-time low of 138.1g per km, according to research by ALD Automotive.That figure compares with an average figure of 142.6g per km in 2010 and 166.8g per km in 2003.The research also found that environmentally friendly cars ...
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Article
Employee Benefits/Worplace Savings Research 2011: Investment
Employers are grasping the importance of adequate default funds and ensuring employees understand their investment choices, says Debbie Lovewell†More than three-quarters of respondents that offer a defined contribution (DC) pension scheme include at least one default investment fund for staff who do not choose to make active investment decisions. Some ...
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Article
Acfo publishes guide to fleet policies
Acfo, the organisation for fleet operators, has published a guide to influence fleet and travel policies. The guide, From A to B: the ACFO guide to journey planning, is designed for public, private and voluntary sector organisations to look at how effective, and sustainable, their existing mobility options are.The 28-page ...
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Article
Philips adds electric car to its fleet
Philips has added its first electric car to its fleet.The car, provided by LeasePlan, will be used as an onsite pool car, available to all employees for local journeys.Philips will also be installing a charging post at its UK head office, in association with Easit, a sustainable transport initiative.The post ...
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Article
Reabur research: Employers do not expect mothers to return after maternity leave
Nearly two-thirds (64%) of employers do not expect female employees to return to work after their maternity leave, according to research by Reabur.The survey of almost 2,000 organisations by the online independent HR consultancy also found that almost half (47%) believe this is because of previous experience.Furthermore, 23% of respondents ...
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Article
HMRC wins car allowance tribunal against Total People
HM Revenue and Customs (HMRC) has overturned a first-tier tribunal decision that found business motoring allowances paid to staff at training firm Total People were exempt from national insurance contributions (NIC).The case, from August 2010, concerned whether the NIC relief for business travel could be used, not only on a ...
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Article
Apple Childcare Vouchers expands product offering
Apple Childcare Vouchers has expanded its product offering with the launch of Apple Employee Benefits (AEB).In addition to childcare vouchers, it will now provide discounts, health and wellbeing advice, reward and recognition, and salary sacrifice schemes to employers and their staff.Discounts are available on hotels, flights, clothing, insurance, books, gym ...
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Article
University of Reading auto-enrols staff into new defined contribution pension scheme
Following the closure of its final salary pension scheme to new entrants, the University of Reading will auto-enrol all employees over age 22 into a new defined contribution (DC) pension scheme.BlackRock has been appointed to the DC scheme to provide a full proposition of investment funds, administration and member communications.Around ...
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Article
Lex Autolease research: Cost of hybrid or electric cars a barrier for employers
Four in 10 financial directors would not pay a financial premium to introduce hybrid or fully electric cars to their fleets, according to research by Lex Autolease.The fleet provider, which polled 100 employers across the UK, also found that just over half (53%) would invest in hybrids and electric cars ...
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Article
Babel Media increases pension scheme take-up
Games and interactive entertainment firm Babel Media has increased pension scheme take-up and reduced annual management charges after introducing a new group personal pension (GPP) scheme for staff.Working in conjunction with Creative Benefits the firm introduced the scheme after closing two pre-existing GPP plans to future accrual. In doing so, ...
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Article
Barloworld Handling renews fleet contract
Barloworld Handling has renewed its fleet contract with Alphabet for a third consecutive year.The renewed contract, which came after a 10-way re-tendering process, sees Alphabet continue to manage the lift truck distributor's fleet of 650 cars and vans.Alan Thackray, vehicle contract and facility manager at Barloworld Handling, said: “The tender ...
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Case Studies
Case study: Wrigley staff chew flexible benefits over
Chewing gum maker Wrigley ensures its flexible benefits scheme offers something for all staff. An impressive 85% of the firm’s 500 staff take up the scheme.Al Riley, senior rewards adviser, says: “We are diverse in terms of age and gender. The [mobile sales teams] tend to be recruited at a ...
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Article
Bright Horizons partners with the NCT
Bright Horizons has partnered with the NCT to make materials available to employers to provide employees that are preparing for parenthood. The materials include information packs, courses and newsletter articles.Carole Edmond, managing director of Bright Horizons, said: “We know that so many of our nursery families have already benefited, through ...