All Employee Benefits articles in Web Issue – Page 467
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Article
Syngenta saves £100,000 through health plan
EXCLUSIVE: Syngenta has saved £100,000 per year over three years since switching from a fully insured private medical insurance (PMI) scheme to a self-funded health plan.The agri-science firm implemented the plan three years ago with provider Simplyhealth to save on costs, as well as to engage its 1,500 UK employees ...
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Article
EXCLUSIVE: Swiss Re research: 18% of employers would remove group risk to mitigate costs of auto-enrolment
Just 18% of employers would consider removing group risk benefits from their reward package to help mitigate the costs of auto-enrolment, according to research by reinsurer Swiss Re.Its Facing life’s responsibilities report, published in November, surveyed 1,000 UK staff and 500 employers.†A fifth (20%) of the 18% that would consider ...
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Article
The Big Question: What are your new year's benefits resolutions for 2012?
Richard Higginson, head of reward at Towry:After a year of work centred on remuneration and wellbeing, in 2012 I want to focus on promoting learning anddevelopment within our total reward proposition. It is not in my immediate sphere of influence, so it tends to get neglected as a total reward ...
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Analysis
Are you ready for auto-enrolment in 2012?
If you read nothing else, read this...Within an employee’s one-month enrolment period, the employer must give the individual notice that they have been, or will be, automatically enrolled into a pension scheme.Under the 2012 pension reforms, employers have a duty to inform employees that they have the option to opt ...
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Case Studies
Case study: IAG ensures staff get discount message
Like many other employers, insurance group IAG (UK) has been seeing much more use of its voluntary benefits scheme in the current economic climate. Ricky D’Ash, remuneration specialist at the firm, says: “We’ve got more and more spend going through the portal. It is at an all-time high.”As well as ...
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Article
EXCLUSIVE: Thrussell moves to Aegis
Aegis Group has appointed Lucy Thrussell global reward manager.Thrussell has held a range of roles over the past seven years, as UK reward manager at Danone, reward manager at Comet, compensation and benefits analyst at Trinity Mirror, and HR assistant at British American Tobacco.Read more about careers in reward and ...
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Case Studies
Case study: Santander ahead of the game on pension reforms
The pension reforms will not come as a huge shock to Santander, which has auto-enrolled staff into its pension scheme since December 2009. The Spanish-owned bank enrols all new staff into its trust-based defined contribution Santander Retirement Plan.Santander is aware that before its staging date of February 2013, it will ...
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Article
EXCLUSIVE: Amscan to roll out employee discounts scheme
Amscan will introduce an employee discounts scheme on 1 January.The party goods manufacturer and distributor will issue a letter, leaflet and discount card to its 126 employees, which can then be used to access the discounts website.Employees can also access offers, including high street discounts and online shopping, through an ...
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Article
News analysis: Sober thoughts on parties
Christmas parties can boost staff morale and motivation, but employers must be aware of the tax consequences of their spend, says Nicola SullivanIt's Christmas party time again, and although many employers will not want to dampen the festive spirit by being overly frugal, they will probably want to keep the ...
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Case Studies
Tax-efficient step for Foot Anstey
Plymouth-based law firm Foot Anstey launched a new benefits package in November 2010 with the aim of offering staff a wide range of benefits as efficiently as possible.Jo Redgrave, head of HR, says: “It was important to be able to do it in a tax-efficient manner, both in saving costs ...
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Article
EXCLUSIVE: Santander appoints Rees-Davies as reward head
Santander has appointed Elliot Rees-Davies head of reward.Rees-Davies has spent 15 years in the industry, having been head of reward at Aviva and head of employee benefits at Lloyd TSB.He has also held consultant roles, including consultant at Watson Wyatt, reward consultant at Ernst and Young, and reward consultant at ...
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Case Studies
Case study: Asda staff check out regular rewards
Asda ensures long-service awards are well celebrated. As well as celebrating one year’s service, the supermarket rewards staff at five year intervals.After completing one to 10 years’ service, employees receive a certificate and a pin badge recognising their loyalty. After 15 and 20 years’ service, they are given a monetary ...
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Article
EXCLUSIVE: Attwaters reduces benefits disparity and increases staff satisfaction in benefits
Attwaters’ 2011 staff survey showed that 60% of respondents were now satisfied with their benefits package, compared with 38% back in 2009.It has made healthcare benefits fairer by introducing employer-funded cash plans for support workers. Previously, only lawyers were given private medical insurance (PMI).Also, all staff can now take advantage ...
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Article
EXCLUSIVE: Aviva research: Return-to-work interviews most common rehabilitation support
Return-to-work interviews (30%), occupational health support (24%) and workplace adaptations (23%), such as new chairs, are the most common types of rehabilitation support for employees that are off sick, according to research by Aviva UK.The survey, which polled 1,000 UK employees and 500 employers, also found that 34% of respondents ...
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Article
EXCLUSIVE: DenPlan launches discounted gym membership to award long service
Denplan has introduced a discounted gym membership to award employees for long service to the company.The GymFlex scheme, provided by Incorpore, is available to the firm’s 350 staff once they have reached two years of service. It amounts to a 40% discount on membership at a local gym.Natalie Dixey, recruitment ...
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Analysis
Long-service awards still have value
If you read nothing else, read this…Long-service awards are considered one of the most important forms of recognition because they reward staff for loyalty to the business.Awards may be offered after three, six or 12 months at organisations that recognise staff may not be in a role for long and ...
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Case Studies
Case study: HSBC banks on worldwide understanding of climate change
HSBC is taking steps to reduce its carbon footprint, increase efficiency and cut costs by educating staff on climatechange by getting them involved in volunteering.In 2007, HSBC made a five-year commitment to climate change initiatives and continues to work with longstanding partner Earthwatch. In the bank’s Investing in Nature programme, ...
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Article
EXCLUSIVE: Sandra Porter becomes consultant at Sony Europe
Sandra Porter has been appointed interim consultant, HR business partner, at Sony Europe.She held the same role between May 2009 and February 2011 before a seven-month contract as interim senior HR consultant at BSkyB.Her previous jobs include compensation and benefits manager at Reckitt Benckiser, HR adviser at Gillette UK, HR ...
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Article
EXCLUSIVE: Mishcon de Reya removes probation period on flexible benefits scheme
Mishcon de Reya has removed the probation period for new staff joining its flexible benefits scheme.The flexible benefits scheme, which opened for 2012 enrolment on 28 November, will now be available to all staff as soon as they join the law firm. Previously, the probation period varied between one and ...