All Employee Benefits articles in Web Issue – Page 468
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Article
EXCLUSIVE: Selex Galileo re-launches online voluntary benefits scheme
Selex Galileo has re-launched its online voluntary benefits scheme, adding in a new interactive discounts website with over 8,000 offers, reloadable gift cards and SMS vouchers, to cater to its high-tech employee base.The defence electronics firm’s 4,000 employees all have access to computers at work. The enhanced ‘Your Xtras’ programme, ...
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Article
Debi O'Donovan, editor of Employee Benefits: ‘Fluffy’ perks have hard message in tough times
As 2011 draws to a close, I cannot help but feel it has been a thoroughly tough year, albeit one of hard work and good achievements. But against a backdrop of austerity, every pound earned has been hard won. We are all probably very tired of these tough times, and ...
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Article
Confessions of a benefits manager: VIP for a day
A series of talks is going on all day, but only one looks vaguely interesting to me. Well, let me rephrase that: it is about automatic enrolment, so perhaps interesting isn't the first word that springs to mind. However, it is something I need to gather information on while I ...
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Analysis
Multiple enrolment windows for flexible benefits
If you read nothing else, read this...Multiple flexible benefits enrolment windows enable new starters to join a scheme sooner and give existing staff more chances to switch their benefits.Enrolment windows for insured benefits, pensions and holiday trading are less flexible and tend to be restricted by scheme providers or HR.Older ...
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Analysis
Voluntary benefits: Top of the perks
Jennifer Paterson looks at the voluntary benefits most commonly offered to staffVoluntary benefits schemes enable employers to offer staff access to a range of products and services, often at a discounted rate and/or with tax and/or national insurance (NI) savings. In these pages, we look at the most popular voluntary ...
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Analysis
Voluntary benefits: Give workers what they really want
If you read nothing else, read this . . .When offering voluntary benefits schemes, employers must ensure they remain relevant to employees’ requirements.A good understanding of an organisation’s employee demographic is important to make sure benefits appeal to staff.Focus groups can help make benefits schemes more targeted by finding out ...
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Analysis
Voluntary benefits: Savings are worth the sacrifice
If you read nothing else, read this . . . Many employers are looking to tax-efficient perks to engage staff in straitened times. Employers must explain the savings potential of tax-efficient benefits to staff. Communication campaigns and year-round enrolment opportunities can boost take-up.†Case study: Efficient step for Foot AnsteyPlymouth-based law ...
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Analysis
Voluntary benefits: VAT ruling is a taxing matter
If you read nothing else, read this . . . From 1 January 2012, if employees sacrifice part of their salary for a benefit that is liable to VAT, output VAT will be due on the amount of salary sacrificed. VAT will be due on bikes-for-work schemes, home computers, mobile ...
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Article
Teach First boosts pension and launches flex
EXCLUSIVE: Independent charity Teach First has introduced pension salary sacrifice to drive up scheme membership among its young staff, and has also launched a flexible benefits scheme.HR director Will Davies said: “Our average age is 30, so we want to try to drive up the pension membership and salary sacrifice ...
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Case Studies
Case study: Gentoo builds engagement through social media
In November 2011, property developer Gentoo Group launched an internal social media platform to help boost staff engagement.Adam Brown, internal communications adviser, says: “The platform is called The Hub, and is a bit like a combination of Facebook and YouTube. “We plan to post pictures and updates on employee benefits, ...
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Article
EXCLUSIVE: Quorum Business Park rewards cyclists
Quorum Business Park, which has 12 employer tenants and 3,500 workers, has introduced a discount and reward programme to encourage staff to cycle to work.The Newcastle park includes organisations such as Balfour Beatty, Convergys, HM Revenue and Customs, IBM and Tesco Bank.The programme, which is being trialled for six weeks ...
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Article
Buyer's guide to healthcare trusts
Focus on factsWhat is a healthcare trust?Healthcare trusts are a method of providing self-funded medical cover to employees. An employer will typically appoint a third-party administrator to manage a trust. The claims fund is based on the estimated value of an employer’s claims over a year, and will pay out ...
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Article
Buyer's guide to corporate gym membership
Key factsWhat is corporate gym membership?Employers can provide staff with access to on-site gym facilities at no cost or can negotiate a deal or discounts with local and/or national gym operators. The employer can determine the amount that the employee is required to pay.Where can I get more information?HM Revenue ...
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Case Studies
Case study: E.On powers greener travel
Energy firm E.On UK incentivises its staff to choose environmentally friendly modes of transport when travellingto work.Employees who car share, take public transport or cycle to work are rewarded with green travel points, which can be used to obtain discounts on products from a variety of retailers. The scheme is ...
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Article
Interview with Ethan Kelly-Wilson, group head of HR operations at the Institution of Civil Engineers
Ethan Kelly-Wilson, group head of HR operations at the Institution of Civil Engineers, says a quest for personal development drives him to meet the challenges of his roleFor Ethan Kelly-Wilson, group head of HR operations at the Institution of Civil Engineers (ICE), career progression is not dictated by job title, ...
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Article
EXCLUSIVE: The Platforum launches corporate platform guide
The fast-growing corporate platform market has been independently assessed for the first time by research consultancy The Platforum.The corporate platform guide, launched this month in association with Employee Benefits, defines a corporate platform and compares the platforms of seven existing players in the life office/fund manager sectors: Fidelity, Friends Life, ...
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Article
EXCLUSIVE: ETF Securities launches corporate wrap
Exchange-traded products provider ETF Securities has launched a corporate wrap account for employees' long-term savings and investments.The wrap, provided by Hargreaves Lansdown, gives staff access to a range of funds and investments, including the firm's own exchange-traded funds, across a range of accounts, including individual savings accounts (Isas) and self-invested ...
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Article
EXCLUSIVE: Tasty role at Yum! for Craig Truter
Restaurant operator Yum! has appointed Craig Truter reward manager.His previous roles in the industry include reward manager at Centrica, reward manager at DHL Express, HR and compensation/benefits manager at The Body Shop, HR manager at Reed in Partnership, and HR Manager at Belgo Group.Read more about careers in reward and ...
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Article
EXCLUSIVE: Interim role at Ikon for Debra Scudder
Ikon Science has appointed Debra Scudder interim HR officer.Previously, she was HR manager at K&L Gates for 23 years.Read more about careers in reward and benefits
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Analysis
Don't panic on pension funds as stock markets fall
If you read nothing else, read this...Stock markets will rise again as surely as they have fallen. Switching out of equities now would lock in losses.The way to protect members from falling markets is have funds that include a range of uncorrelated assets, such as diversified growth funds. Not all ...