All Employee Benefits articles in Web Issue – Page 469
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Analysis
When employers should use social media
If you read nothing else, read this…Social media can help employees understand the value of benefits.Establishing a social media strategy is vital to engage staff appropriately.Social media should not be used as a platform to address individual or personal queries.Before embarking on a strategy, employers must ensure they are committed ...
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Article
EXCLUSIVE: Willis Group offers fundraising events for staff
Since selecting Children’s Hospices UK as its charity of the year for 2011, Willis Group has introduced a variety of fundraising activities for its staff to take part in.Employees have pledged to raise £100,000, with the insurance broker matching the funds raised to a maximum of £50,000.The fundraising efforts started ...
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Article
EXCLUSIVE: Linklaters harmonises global mobility provision
Linklaters, the law firm, has harmonised its global mobility provision under one provider to ensure a consistent approach for all employees relocating.Since Crown Relocations were appointed in the summer of 2011, over 400 employees have been relocated.Linklaters is located in 27 countries and has 4,657 employees.The service, which includes school ...
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Article
EXCLUSIVE: Verona Farquharson moves to RAC
The RAC, the breakdown provider, has appointed Verona Farquharson reward consultant.Previously, she held a variety of roles at E.On: reward specialist, reward analyst and HR business partner.During nine years in the HR industry, Farquharson has also worked as an HR adviser and an HR consultant in the manufacturing sector.Read more ...
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Case Studies
Informa focuses on workplace savings that suit its workforce
Media firm Informa tailors its workplace savings and other perks to suit a young, diverse workforce, says Jennifer PatersonAs a media organisation, Informa has a diverse portfolio of publications and events. Its titles range from Lloyd’s List, which has been in circulation since 1734, through to its newest publication, the ...
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Analysis
Rewarding staff when inflation is high
If you read nothing else, read this…The lag between pay rises and inflation in the UK could have serious consequences for employers that want to remain competitive and reward performance.Employers should be clear about how reward aligns with business strategy.Financial education services and employee assistance programmes (EAPs) can help employers ...
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Article
EXCLUSIVE: Inmarsat hosts health and wellbeing event
Mobile satellite company Inmarsat held a health and wellbeing event in November, including medical check-ups and massages.The event, at its London head office, enabled staff to see the company doctor to have blood pressure and cholesterol checks. A similar event may be rolled out to staff in Italy, the US ...
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Article
EXCLUSIVE: Yazaki increases pension contributions to reward staff
Yazaki has increased pension contributions to reward staff who stood by it during tough times.The firm, which provides electrical distribution systems to the automotive industry, was hit hard during the recession, when many employees agreed to suspend their employer pension contributions and take temporary cuts in salary, to reduce the ...
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Article
EXCLUSIVE: Deloitte switches bonuses to focus on staff performance
Under a new talent and reward strategy, Deloitte is changing its bonus structure to reward employees based on performance.Previously, if it made a certain level of profits, a fixed amount was returned to staff as bonuses. But Stevan Rolls, UK head of HR, said this did not make close links ...
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Article
EXCLUSIVE: Sainsbury’s introduces employee assistance programme
Sainsbury's has coupled the introduction of an employee assistance programme (EAP) with the delivery of its annual total reward statement (TRS) to communicate the new benefit to its 150,000 staff.The paper-based statements included a full booklet about the EAP and its provider, Retail Trust, when they were delivered to staff ...
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Article
EXCLUSIVE: Dairy Crest aims for £30m saving via pension enhanced transfer value
Dairy Crest could cut its final salary pension liabilities by £30 million by offering deferred members an enhanced transfer value (ETV).The dairy food firm has sent out information packs explaining the ETV deal, which will provide deferred members with an enhancement if they transfer into its defined contribution (DC) plan. ...
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Article
Government reaches agreement with pension funds to finance infrastructure projects
The government has reached an agreement with UK pension funds as part of efforts to unlock up to £20 billion extra in funding for infrastructure projects.The National Association of Pension Funds (NAPF) and the Pension Protection Fund (PPF) have signed a memorandum of understanding with the government to assist in ...
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Article
Axa UK to put Bluefin Advisory Services up for sale
Following the disposal of its corporate pensions business last year, Axa UK has put Bluefin Advisory Services (BAS) up for sale.The insurance and asset management firm has appointed Fenchurch Advisory Partners to advise on the strategic options for the future of BAS.Bluefin Insurance Group, which is part of Axa UK’s ...
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Analysis
Employee Benefits/Xexec voluntary plans and tax-efficient benefits supplement 2011
Download a PDF of the Employee Benefits/Xexec voluntary plans and tax-efficient benefits supplement 2011 Voluntary benefits: Top of the perksVoluntary benefits: Give workers what they really wantVoluntary benefits: Savings are worth the sacrificeVoluntary benefits: VAT ruling is a taxing matter Read more articles on voluntary benefits
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Article
Government delays auto-enrolment for small employers
Auto-enrolment will be delayed for small employers until 2015.The government has announced that the timetable will be adjusted so that small organisations, with less than 50 employees, will begin automatically enrolling staff in May 2015, instead of the current timing of April 2014.Auto-enrolment will commence for the largest organisations in ...
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Article
Rolls-Royce agrees pension longevity swap
Rolls-Royce and the trustees of its pension fund have agreed a longevity swap to provide additional security to members of its final salary scheme.The deal with Deutsche Bank reduces the risk on approximately £3 billion of the fund’s liabilities and covers around 37,000 Rolls-Royce pensioners.Under the longevity swap, if pensioners ...
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Article
Unilever employees to strike over changes to final salary pension scheme
Employees at Unilever in the UK have voted in favour of strike action over the closure of the firm’s final salary scheme.The ballot was organised by unions Unite, GMB and Usdaw. Nearly 85% of Unite members voted for strike action, which is likely to take place across Unilever’s 12 sites ...
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Article
Autumn Statement 2011: Government cracks down on asset-backed pension arrangements
The government plans to crack down on asset-backed pension contribution arrangements.Delivering the Autumn Statement, Chancellor George Osborne announced that legislation will be introduced in the Finance Bill 2012 to ensure the amount of tax relief given to employers making asset-backed pension contributions to registered pension schemes accurately reflects the amount ...
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Article
Autumn Statement 2011: Income tax personal allowance to rise to £10,000
As announced in the Budget in April 2011, income tax personal allowance will increase to £8,105 in 2012-13.In the Autumn Statement the government announced further real terms increases in subsequent years towards the goal of a £10,000 personal allowance.Read more news from the Autumn Statement 2011
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Article
Autumn Statement 2011: Low Pay Commission to consult on national minimum wage
In the Autumn Statement it was announced that the government will invite the independent Low Pay Commission (LPC) in its next report to consider and implement the best way to give business clarity on future levels of the National Minimum Wage, including consideration of two-year recommendations.It said: “This would provide ...