All Employee Benefits articles in Web Issue – Page 462
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Case Studies
Case strudy: Barclays Wealth banks on working parents
Barclays Wealth introduced an emergency childcare and carer service in June 2011, to add to a suite of benefits supporting its working parent population.Since its launch, the scheme has been taken up by 7% (260) of staff across the UK. Sarah Boddey, head of diversity and inclusion at Barclays Wealth, ...
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Article
BDR Thermea expands its fleet
BDR Thermea has expanded its fleet under a new three-year contract with Leasedrive.The new contract, covering 550 cars and vans, is for three years with an option for BDR Thermea to extend it for a further two years.Janey McDonald, UK indirect procurement manager at BDR Thermea, said: “When we went ...
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Case Studies
Case study: Towry takes PMI out of flexible benefits
In April, financial services firm Towry removed private medical insurance (PMI) and travel insurance from its flexible benefits scheme after rising premiums, which were paid for by staff using their flex allowance, made it no longer viable.†Richard Higginson, head of reward at Towry, says the benefit, which was taken up ...
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Article
Mercer research: Meaningful benefits increase employee engagement
Meaningful benefits, such as personal car leasing schemes and student debt loans, improve employee engagement levels, according to research by Mercer.The What’s working survey, which polled 30,000 employees in 17 countries, found that these types of benefits reinforce an organisation’s appeal as an employer, are immediate and cost effective, and ...
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Analysis
Employees' benefits rights when taking maternity leave
If you read nothing else, read this… By law, employers must continue to provide non-cash benefits throughout an employee’s maternity leave. This includes benefits offered via a salary sacrifice arrangement, even if an employee is not currently earning a salary to sacrifice. Employers must pay full pension contributions during any ...
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Case Studies
Case study: Southdown Housing builds flexibility into maternity leave
As one of Working Families’ 2011 top 10 employers, Southdown Housing Association knows the importance ofcomplying with maternity leave legislation.The organisation, which has 700 staff, continues to pay car allowances and childcare vouchers during maternity leave. It also offers a health cash plan that pays between £50 to £200 when ...
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Article
Run Your Cars staff take part in Movember campaign
Employees at fleet services provider Run Your Cars are growing moustaches as part of the Movember charity campaign.Staff are cultivating their facial furniture to help raise money and awareness for prostate and testicular cancer.Five employees, including managing director Steve Whitmarsh, have pledged not to shave their top lip this month ...
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Article
GlaxoSmithKline introduces company car scheme
EXCLUSIVE: ?GlaxoSmithKline (GSK) has introduced a company car scheme for its 1,500 sales staff after a car allowance proved too expensive.GSK found that, as manufacturers raised prices, the cost to employees of buying cars through the scheme also rose. The increase in VAT caused employer’s national insurance to also go ...
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Article
Simmons & Simmons launches emergency carer service
Simmons and Simmons has rolled out a back-up carer service to help its 700 employees balance their work and family commitments.The law firm had received anecdotal feedback from its employee discussion groups about the increasing difficulties in attaining a work-life balance.Dan Flint, HR director at Simmons and Simmons, said: “We ...
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Article
Wider Plan enhances offers to its childcare voucher users
Benefits provider Wider Plan will enhance the offering available to users of its Kiddivoucher childcare voucher service in time for the Christmas season.The full Wider Wallet discounts scheme will be on offer to the childcare voucher users among the provider’s 5,000 employers as of 1 December.The discounts scheme, which includes ...
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Analysis
Emergency childcare is worth the investment
If you read nothing else, read this... Emergency childcare gives employees access to nannies, childminders, nurseries and school holiday clubs when their regular childcare arrangements break down. Employers should determine which type of back-up care is best suited to their employee population. The service is effective in protecting productivity, attracting ...
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Article
Nottingham University Hospitals NHS Trust renews fleet contract
Nottingham University Hospitals NHS Trust (NUH) has renewed its fleet contract with Leasedrive Group.The fleet management organisation will continue to deliver the trust’s salary sacrifice car scheme, which only allows its 13,000 employees to choose cars emitting 140g/km of CO2 or less.The Mycar scheme has been in place since 2009.Alison ...
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Article
Findel cuts fleet emissions with renewed contract
Multi-channel retailer Findel has cut its car emissions by almost 25% after renewing almost all of its fleet. After taking advice from TR Fleet, the firm has seen average carbon dioxide (CO2) emissions on its 262-strong car fleet fall from 164 g/km to 125 g/km.Findel is benefiting from improved miles ...
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Article
Experian renews fleet contract with Leasedrive
Experian has renewed its fleet contract with Leasedrive, which merged with Masterlease UK.The global information services firm was one of Masterlease UK’s largest employers, with a fleet of 650 cars.Brian Hill, head of peer-to-peer and billing at Experian’s Europe, Middle East and Africa (EMEA) shared service centre, said: “Under our ...
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Article
Spencer signs fleet contract with Zenith
Engineering firm Spencer has signed a contract with Zenith for the management of a 133-fleet company car scheme.Spencer’s employees will use Zenith’s online motoring expenses system, MyMiles, for their monthly expenses claims.Caroline Johnson, fleet manager at Spencer, said: “Zenith’s product and service offering was key to our decision to award ...
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Article
Institute of Financial Planning research: One third of employees not contributing into a pension scheme
A third (31%) of UK employees are not currently contributing to a pension scheme, while 14% have never made any pension contributions, according to research by the Institute of Financial Planning (IFP) in association with National Savings and Investments (NS&I).The Financial planning survey, which coincides with UK Financial Planning Week ...
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Analysis
Starting a defined contribution pension from scratch
If you read nothing else, read this… A defined contribution pension scheme is no longer a hands-off option, with The Pensions Regulator turning its spotlight on these plans. Good governance is a relatively cost-effective way of differentiating an employer’s pension scheme. Employers should give careful thought to default funds, and ...
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Analysis
Pension reforms: Counting the costs of implementation
If you read nothing else, read this … Complying with the 2008 Pensions Act could increase employers’ pension costs significantly, particularly if a large part of their workforce is not currently enrolled in a workplace pension. Employers must consider two basic costs: how much contributions will cost, and the price ...
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Article
DHL to overhaul default fund for DC pension scheme
EXCLUSIVE: ?DHL is overhauling the default fund for members of its trust-based defined contribution (DC) pension schemes as part of efforts to reduce risk and achieve better returns for medium earners.But its changes to the default fund, which would limit its exposure to equities, have stalled because of the latest ...
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Article
EXCLUSIVE: Marks & Spencer offers financial education for sharesave maturity
Marks and Spencer (M&S) will offer financial education ahead of two of its sharesave schemes maturing on 1 January 2012, with markedly different results.Its three-year sharesave scheme will see 12,000 staff share a pot of £60 million. Ann Govier, manager of senior remuneration and employee share schemes at M&S, said: ...