All Employee Benefits articles in Web Issue – Page 461
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Article
EXCLUSIVE: New Telefonica role for Tina Clayton
Telefonica has named Tina Clayton director of global compensation.She has been with the organisation since January 2008 as director of global incentives and international mobility.Read more about jobs
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Article
Three-quarters of employers plan to review reward strategy
Three-quarters (64%) of reward professionals will review or change their strategy in the next 12 months, according to research by Hay Group.The research, Which way now for reward? The continuing evolution of reward in a recession, found that, among those who intend to implement changes, 43% are planning a significant ...
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Article
Strengths Partnership extends psychometric testing product to US
Strengths Partnership has extended its psychometric testing product to organisations in the United States.The product, which has been available to UK and European organisations, is an online assessment tool that gives account of an individual’s core strengths, how these can be put to better use, and results in feedback that ...
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Article
EXCLUSIVE: FirstGroup to use DB and DC plans in 2012 pension reforms
?First Group has agreed a strategy with trade unions to comply with the 2012 pension reforms by using both its defined benefit (DB) scheme and a new trust-based defined contribution (DC) plan.The last tranche of new members will be able to join the transport operator’s DB pension next April. At ...
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Article
EXCLUSIVE: BT rolls out share plan portal internationally
BT is to roll out its employee share plans portal internationally to around 86 countries to further reinforce its corporate identity.Next year, the firm, which launched the online portal in May 2011 for 75,000 UK staff, will roll it out globally to countries including the US, Mexico, France, the Netherlands, ...
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Article
Nest signs principles for responsible investment
The national employment savings trust (Nest) has signed the United Nations-backed Principles for responsible invesment (PRI) framework.Globally there are 930 signatories, 120 of which are UK-based. These include 26 asset owners.As part of its commitment to responsible investment, Nest will exercise its voting rights via its fund managers and actively ...
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Article
Microsoft and Google among best multinational workplaces
Microsoft, Google and Fedex Express are among the Top 25 World’s best multinational workplaces list, compiled by the Great Place to Work Institute.Microsoft topped the list at number one, followed by SAS, Net App, Google and Fedex Express. Cisco, Marriott, McDonald’s, Kimberly-Clark and SC Johnson rounded off the top 10.Seven ...
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Article
PWC research: Asset managers' pay increases by 18% over last year
Asset manager remuneration has increased by an average of 18% over the last year, according to research by PricewaterhouseCoopers (PWC).The Paying a premium for the best investment professionals asset management reward survey 2011 found that employers' salary bills have increased by an average of 4%.Compared with 2010, compensation as a ...
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Article
Debi O'Donovan, editor of Employee Benefits: Employers may have to pick up tab for staff health costs in the future
The cost of healthcare is rising. That fact is all too apparent to any benefits manager trying to juggle their private medical insurance or group risk budget.But as the World Health Organisation’s June 2011 figures show, healthcare costs are rising at government level, too. Between 1995 and 2009, total expenditure ...
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Article
Buyer's guide to motivation vouchers 2011
Focus on factsWhat are motivation vouchers?These are paper-based or electronic gift cards with a monetary value, which employers can use to incentivise staff. Shopping vouchers can be redeemed at a single store or at multiple retailers. Employers can also offer travel or experience vouchers.What are their origins?Gift vouchers were first ...
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Article
Autumn Statement 2011: The impact on employee benefits
Chancellor George Osborne delivered his Autumn Statement to government on 29 November 2011. Here is a round-up of the key issues affecting employee benefits.Fuel duty increases revisedThe 3.02 pence per litre (ppl) fuel duty increase that was due to take effect on 1 January 2012 will be deferred to 1 ...
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Article
Autumn Statement 2011: Fuel duty increases revised
The government has announced that the 3.02 pence per litre (ppl) fuel duty increase that was due to take effect on 1 January 2012 will be deferred to 1 April 2012.The inflation increase, which was planned for 1 August 2012 and was expected to be in the region of 1.92ppl, ...
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Article
Aviva research: 84% of younger workers would like financial help from employers
The majority (84%) of younger workers (25 to 35 year olds) would like financial help from their employers in order to plan for their future, according to research by Aviva.The research found that many employees in the 'foundation generation', so called because they are laying the groundwork for their finances, ...
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Analysis
Sickness absence: Fit notes not best medicine
If you read nothing else, read this … Fit notes are seen as a positive step, but HR professionals are finding they add little to managing sickness absence. More GP training on occupational health is needed to make fit notes a more useful sickness absence management tool. Government-funded mediators could ...
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Analysis
Health cash plans add value
If you read nothing else, read this…Cash plan providers allow employers to tailor their plans according to the healthcare needs of their workforce.Some providers merge optical and dental benefits, allowing employees access to spend more of the cash back on the service they use most.Sharing a cash plan with a ...
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Article
Tesco adds QR code to total reward statements
?Tesco has added a quick response (QR) code to its total reward statements (TRS) to give its diverse employee population easy access to their benefits package.The retailer has provided paper-based TRS for 15 years, sending them to employees’ homes every October. This year, statements were sent out to almost 270,000 ...
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Case Studies
Case study: Amnesty International targets gold standard policy for maternity leave
One organisation that has a lot of experience with maternity leave planning is human rights group Amnesty International UK. Its average staff age is 37 and two-thirds of its 200 employees are female.The charity pays 26 weeks’ salary at full pay and 13 weeks at the statutory maternity pay rate ...
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Article
Arqiva extends fleet contract
Arqiva has extended its car rental agreement for a further two years.The agreement is through the rental management division of the Leasedrive Group.It is important for the communications infrastructure and media services organisation, which has sites in the islands around Scotland and the Channel Islands, to have extensive fleet coverage ...
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Article
Aviva conjures up financial awareness campaign for young people
Aviva is running a social media campaign using magic to raise awareness among young employees about the importance of retirement savings.In a series of short film clips, magician Pete Hathaway uses magic tricks with money to encourage young people to save for the future.The films, available on social media sites ...
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Case Studies
Case study: Nomura invests in back-up childcare service
When investment bank Nomura International rolled out a back-up care service in January 2011, it was the result of two years' focus on the firm's diversity and inclusion benefits for its 3,500 London-based staff.At the end of 2010, a proposal was sent to the diversity and inclusion steering group around ...