All Employee Benefits articles in Web Issue – Page 441
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Article
Royal Bank of Scotland's pay rates for temporary workers revealed in email
An email sent out by an employee at recruitment firm Hays has revealed the pay of over 3,000 temporary contractors at the Royal Bank of Scotland (RBS).According to the email, temporary staff at RBS were paid daily rates of up to £2,000.An RBS spokesperson said: "We are extremely disappointed that ...
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Article
Employers focus on attracting school leavers
Employers’ benefits and reward offerings for young employees are in the spotlight following A-level and GCSE results.Some of the UK’s largest organisations are aiming to attract high-achieving school leavers in addition to university graduates. This comes amid fears that higher university tuition fees will affect the diversity of graduates.Accountancy firms ...
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Article
ReThink Recruitment research: Pay for digital and social media staff on the rise
Senior digital and social media employees have seen their pay soar by almost 70% over the last three years, according to research by ReThink Recruitment.The research found that these employees, known as pay-per-click (PPC) and search -engine optimisation (SEO) staff, now earn average base salaries of approximately £75,000 per year, ...
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Article
Employees working in haunted environments need support
News that employees renovating an Italian museum stopped work because they believed it was haunted raises questions over whether employers’ reward packages are equipped to deal with supernatural occurrences.Builders working overnight at the National Archaeological Museum in Naples, claimed that they heard soul-piercing screams, experienced changing temperatures and even saw ...
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Article
Phoenix Group closes two defined benefit pension schemes to future accrual
Phoenix Group has closed two of its defined benefit (DB) pension schemes to future accrual.Trustees of the two pension schemes agreed to the closure, which will bring a curtailment gain of £10 million relating to a release from future liabilities.Members of the two schemes are staff from the firm's Pearl ...
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Article
Employee Benefits/Randox Health Checks health screening roundtable discussion 2011
Download a PDF of the Employee Benefits/Randox Health Checks health screening roundtable discussionView 10 minute video of health screening discussionEngagement: Attracting interestWellness: A wider view of wellnessData: Getting the vital statisticsOlder workers: New plans for an older issueStress: Pressure tests to find stressEditor’s commentIn an age of high medical inflation ...
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Analysis
Employee Benefits/Towers Watson Flexible Benefits Supplement 2011
Download a PDF of the Employee Benefits/Towers Watson Flexible Benefits Supplement 2011Workforce profiling: Know your audienceBest service: Booking a ticket for first-class serviceMeasuring success: The proof is in the tastingEmployer profile: BNP Paribas banks on savingsCommunication: Now for something completely differentPension reforms: A flexible approach to auto-enrolmentCorporate wraps: Powerful packageEditor’s ...
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Article
BA adds salary sacrifice for additional voluntary contributions to its pension scheme
British Airways is introducing salary sacrifice for additional voluntary contributions (AVCs) into all of its pension schemes, with effect from 1 October.Its SmartAVC scheme will enable staff to save national insurance (NI) on AVCs, while also offering NI savings for BA.BA runs two defined benefit (DB) pension schemes, which were ...
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Article
LogBuy adds mobile phone application to voluntary benefits platform
LogBuy has added a mobile application (app) and a daily-deals programme to its voluntary benefits platform.Employers in the UK and Scandinavian countries that currently use LogBuy's products have been automatically upgraded to the new platform.The app, which is available on all smartphones, will allow users to access local deals as ...
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Article
Mouchel adds discount scheme to voluntary benefits
Mouchel has added an employee discount scheme to its voluntary benefits package.The scheme, which is called Aspire Premium Discounts, is provided by Cottrills.It is offered alongside an employee discounts scheme, which has been provided by Asperity Employee Benefits for the past year. The Aspire scheme offers limited-time discounts of up ...
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Article
Benefits roles change after Punch Taverns and Spirit Pub Company demerger
Following the demerger of Punch Taverns and Spirit Pub Company, Simon Belton, previously group pensions manager at Punch Taverns, is now head of pensions at Spirit Pub Company.Belton’s previous roles include international benefit consultant at Thomsons Online Benefits and pensions consultant at KPMG.In addition, Jackie Burn is now HR director ...
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Article
Vue Entertainment sees take-up rise after switching voluntary benefits providers
Vue Entertainment has seen take up of its voluntary benefits plan rise to 35% since switching providers. Its new scheme, My Vue Benefits, is provided by Asperity Employee Benefits and was launched in May for 2,900 staffacross 69 UK locations.Alex James, head of HR operations at Vue, said: “Providing staff ...
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Article
News analysis: The taxman rides again
Opinions are divided over how new VAT rules for benefits offered via salary sacrifice will affect perks such as bikes for work, says Nicola SullivanDebate is raging over how employers and employees will be affected by the new ruling on applying VAT to benefits offered through salary sacrifice. Last month, ...
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Analysis
Flexible benefits: Sponsor's comment: Flexible benefits come of age
Flexible benefits have evolved to fulfil a vital and varied role for employers and employees, says Paul Brown, senior consultant at Towers WatsonFlexible benefits are increasingly being used to solve reward problems driven by changes in legislation as well as the business desire to manage cost and risk during uncertain ...
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Article
Employers warned on Agency Workers Regulations (AWR)
Employers are being warned to get to grips with the Agency Workers Regulations (AWR), which come into force in a month’s time.The rules, which apply from 1 October, give temporary agency staff the same basic working conditions, including pay, some bonuses, working hours and holidays, as permanent workers after 12 ...
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Analysis
Flexible benefits: A flexible approach to auto-enrolment
If you read nothing else, read this … Flexible benefits schemes can automate the transactions required for auto-enrolment, helping employers with large workforces to comply with the changes. The framework and structure of flex schemes can help employers communicate the pension changes to staff. Flex schemes can ease compliance with ...
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Analysis
Health screening: Attracting interest
If you read nothing else, read this … Engaging staff with screening is vital to achieve employers’ aims in offering it. Asking staff want they would value can help to boost engagement.Getting employees to take an interest in their own health is an important step in making screening programmes work, ...
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Analysis
Flexible benefits: Know your audience
If you read nothing else, read this … Employee profiling can segment the population to ensure relevant benefits are included in a flexible benefits plan. Key data includes age, gender, length of service, type of role, salary, family background and current take-up of benefits. Profiling can be conducted through data ...
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Article
Informa to tie in auto-enrolment staging date with flexible benefits renewal
Informa may comply with the incoming pension reforms several months before its staging date in order to tie in with its flexible benefits renewal period and provide a buffer should it make any acquisitions.The media firm’s staging date was originally August 2013 but this changed to July 2013 after it ...
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Article
Standard Life research: Most employers not prepared for auto-enrolment
The majority (93%) of large employers do not yet have firm plans in place to meet the requirements of auto-enrolment, according to research by Standard Life.Its Insight into auto-enrolment research, which surveyed 200 large employers, found just 7% had reached a decision on how they will deal with auto-enrolment, 39% ...