All Employee Benefits articles in Web Issue – Page 490
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Article
Cigna enhances benefits for mental illness and depression treatment
Provider Cigna has extended its healthcare offering to treat mental illness and depression, with an extended psychiatric benefit, online computerised cognitive behavioural therapy (CBT), and an alternative detox and rehabilitation programme.The psychiatric benefit will offer a full refund on outpatient psychiatric care and up to £15,000 for inpatient and day ...
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Article
Mercer completes acquisition of Norwegian pensions firm
Mercer has completed its acquisition of Pensjon and Finans, a Norwegian-based financial investment and pension consulting firm.The acquisition was first announced at the end of January.This strengthens Mercer’s position in the provision of pensions and investment advice in the Nordic region and gives employers working with Pensjon and Finans access ...
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Article
Aviva to launch auto-enrolment and workplace savings services
Aviva is to launch an auto-enrolment service alongside two new workplace savings services in 2012.The pensions provider will offer an online compliance and monitoring tool to help employers manage the regulatory requirements of auto-enrolment with the advantage of being able to do so across multiple provider schemes.When it is launched ...
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Article
Helm Godfrey launches HR consultancy
Employee benefits adviser Helm Godfrey has launched an HR consultancy, aimed at providing tailored services to suit different sizes of organisations.The consultancy will be led by Elizabeth Cook, who has worked for multinational organisations in various HR roles.The key areas of focus for the consultancy are: Organisational design: Formalising organisation ...
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Article
Unilever opens onsite hair salon for employees
Unilever has proven that during these austere times the word ‘cuts’ does not always have negative connotations.The consumer goods supplier has opened a hairdressing salon at its UK and Ireland head office in Leatherhead, Surrey. The salon, stocked with Unilever products, is staffed by two qualified hair stylists, offering employees ...
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Article
DWP report: Take-up for Fit for Work service lower than expected
Take-up for the Fit for Work service has been lower than expected, according to a report published by the Department for Work and Pensions (DWP).The Evaluation of the fit for work service pilots – first year report, published on 1 March 2012, found that, by the end of March 2011, ...
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Article
EXCLUSIVE: Virgin Media sees 270 staff take up bikes-for-work scheme
Virgin Media has seen 700 employees register their interest and 270 employees take up its bikes-for-work scheme since it was launched in November 2011.The benefit had been requested by staff through employee surveys, which showed that bikes for work were the most popular choice among potential new benefits.The Ride2Work scheme ...
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Article
EXCLUSIVE: Adactus Housing Group sees 60% take-up of voluntary benefits
Adactus Housing Group has achieved a 60% take-up of its voluntary benefits scheme since its launch through the use of tailored and continuous communications.The independent housing group introduced a new employee discounts scheme and recognition programme, which it integrated with its bikes-for-work scheme in November 2011, under a single site ...
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Article
GlaxoSmithKline increases voluntary benefits take-up to 94%
EXCLUSIVE: GlaxoSmithKline (GSK) has increased take-up of its voluntary benefits scheme to 94% by providing continuous communications to its 13,000 UK staff.The pharmaceutical firm’s employees can sign up to receive news alerts, which flag up offers on either a daily or weekly basis. For its next round of communications, GSK ...
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Case Studies
Case study: Deloitte's onsite perks add up
Deloitte’s London campus has a variety of onsite facilities for staff, including a gym, a health suite with doctors and dentists, a beauty therapist, a masseuse, a physiotherapist and a variety of restaurants and coffee bars.Stevan Rolls, UK head of HR at Deloitte, says: “That package is the kind of ...
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Article
Auto-enrolment showcase: Administration will be the big challenge
Key points Employers will need to revisit their business processes, pension administration and employee communications to address the impact of auto-enrolment. A self-service portal is critical for an automated system to manage the opt-out and opt-in processes.Implementing auto-enrolment will require employers to assess their business processes and systems in detail ...
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Article
Employee Benefits Connect: Expert advice on pension reforms
Reward professionals from McDonald's, IBM, NetApp, Telefonica and Microsoft shared their concerns and strategies for auto-enrolment, which begins for the UK's largest employers this year, during a panel debate at the event.Louise Phillips, HR benefits leader at IBM, said: "Something that is simple has become incredibly complex. It will not ...
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Article
Auto-enrolment showcase: Who ordered all these extras anyway?
Key points Auto-enrolment will bring a huge addition to employers’ cost base. The retail distribution review (RDR) will add cost to the provision of workplace pensions, and could cut off the lifeblood of advice and support for employees.As if the costs of introducing auto-enrolment were not enough, the retail distribution ...
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Article
Auto-enrolment showcase: Making all the pieces of the puzzle fit
Key points Employers must consider the impact the cost of additional pension contributions and ongoing scheme administration will have on their organisation. Another key issue is how employers will handle the ongoing auto-enrolment and record-keeping requirements. Employers must ensure a full audit trail of employee communications is maintained.Completing the groundwork ...
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Article
Kevin Trott moves to Alshaya
Alshaya has appointed Kevin Trott HR manager for Kuwait.Trott moves to Alshaya from Asda where he worked his way up from checkout operator through roles including customer services manager, store people manager and colleague relations team adviser.His most recent post was as colleague engagement team leader, where he was involved ...
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Article
Role at Curo for Anthony York
Curo Compensation has appointed Anthony York senior consultant.He has been the director of consultancy Only People since September 2011.York’s previous roles include: head of reward at Punch Taverns and consultant at Towers Perrin (now Towers Watson).Read more about careers in reward and benefits
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Article
Quintiles appoints Ian Brown
Quintiles has appointed Ian Brown senior director compensation and benefits, Europe, Middle East and Africa (EMEA).He took up the role in January 2012 following a six-month career break.Brown’s previous roles include: head of UK reward and benefits at PricewaterhouseCoopers; interim reward senior manager at Petronas; senior reward manager at Logica; ...
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Article
Auto-enrolment showcase: Employee-friendly approach is needed
Key points A successful workplace pension proposition should be built on the three pillars of auto-enrolment functionality, communications and investment strategy. Maintaining staff engagement levels in the new world of auto-enrolment will be a difficult but important task for employers because the number of apathetic scheme members is likely to ...
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Article
Auto-enrolment showcase: Transformation promises many rewards
Key points Auto-enrolment will require technology that is capable of supporting an employer’s pre-payroll benefit data management processes. The data management processes involved in auto-enrolment will require changes to technology and supporting communications.Pushing the UK reward function into a more 21st-century approach to administration will enable it to cope with ...
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Article
Auto-enrolment showcase: Keep it simple, easy and cost-effective
Key point If not managed effectively, the auto-enrolment process could expose employers to financial and reputational riskThe auto-enrolment process is a complex matter, so employers need to find a versatile solution that handles management requirements efficiently but is straightforward to use, says Morten NilssonNow: Pensions is based on the principle ...