All Employee Benefits articles in Web Issue – Page 491
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Article
Auto-enrolment showcase: Nest offers a straightforward landing
Key pointsThe national employment savings trust (Nest) is designed for employees who are not currently saving into a workplace pension.Nest has a public service obligation to accept any employer that wants to use it to meet its workplace pension duties.Employers can use the national employment savings trust (Nest) in various ...
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Article
Auto-enrolment showcase: Evolution not revoluton for pensions
Key points Auto-enrolment will present employers with two main costs: the impact of employer contributions, and the associated costs, which can include administration and ensuring regulatory compliance. An auto-enrolment technology solution can draw information from an employer’s payroll and HR systems, determine the requirements and process information to help manage ...
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Article
Auto-enrolment showcase: Implementation and cost mitigation
Key points to consider How will responsibility for compliance be split between the pension scheme/provider, the HR department and the payroll department? What interfaces are required between these parties and how much can be automated? Do systems hold all the data required under the employer’s new duties and is it ...
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Article
Auto-enrolment showcase: Finding out the how and the how much
Key points A financial analysis of the full cost of pension contributions is a vital part of preparing for auto-enrolment. It is also essential for employers to assess their technology provision to ensure it is capable of coping with all of the requirements of auto-enrolment.Employers must seek to quantify both ...
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Case Studies
Case study: Jupiter Hotels finds auto-enrolment schedule hard to check out
National hotel chain Jupiter Hotels operates 26 sites under the Mercure brand in the UK.Auto-enrolment is set to have a significant impact on Jupiter Hotels and the government's initial indication it would delay staging dates for organisations employing fewer than 3,000 staff caused potential difficulties.Because of the complex make-up of ...
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Analysis
Making sense of auto-enrolment staging dates
If you read nothing else, read this... Staging dates are when employers must begin the auto-enrolment process for eligible staff into a qualifying workplace pension scheme. Employers' staging dates are determined by the number of staff members employed at April 2012 and their pay-as-you-earn (PAYE) reference. Staging dates for employers ...
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Analysis
Auto-enrolment showcase: Countdown to the pension revolution
PHASING DATES FOR COMPULSORY CONTRIBUTION LEVELSThe minimum contribution rates that an employer must pay into an employee’s pension scheme will be introduced according to its staging date. From the employer’s staging date to 30 September 2017: Employer and employee each contribute 1% of salary. Total minimum contribution is 2%. From ...
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Analysis
Employee Benefits auto-enrolment showcase
Download a PDF of the Employee Benefits auto-enrolment showcaseCountdown to the pension revolutionPositive thinking will achieve objectivesFinding out the how and how muchImplementation and cost mitigationEvolution not revolution for pensionsAdministration will be the big challengeMaking all the pieces of the puzzle fitWho ordered all these extras anyway?Nest offers a straightforward ...
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Case Studies
Case study: Axa seeks to ensure employee happiness
Insurance firm Axa offers a raft of measures to help cultivate staff wellbeing within its UK division.Sonia Wolsley-Cooper, human resources director at Axa UK, says: "I think there is a huge responsibility on both parties for wellbeing and happiness. Clearly, organisations have to accept that people spend an awful lot ...
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Case Studies
Case study: Law firm D Young maintains work-life balance
D Young recognises the importance of work-life balance. For this reason, it does not provide workplace sleeping pods for staff. Jennifer Mead, HR manager at the law firm, says: "Even though we are a law firm, we would not encourage people to sleep at work. We would rather they go ...
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Article
Confessions of a benefits manager: Flawed performance
Tasked with rolling out a new performance management system, Candid fails to convince staff that the experience will be rewardingPerformance management isn't really my thing. Technically, it falls under Creepy Caroline in the so-called talent team but, out of the blue, Big Bad Boss has decided it comes to me ...
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Article
Employee Benefits Connect: Hitachi Data Systems takes a global view on benefits
Hitachi Data Systems has taken steps to reduce its benefits administration and control costs, improve its international reward offering and ensure employees understand the value of their package.The company has developed a global benefits philosophy to ensure that perks, whether paid by the employee or employer, give the best value ...
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Analysis
How to offer flexible benefits internationally
If you read nothing else, read this... International flexible benefits schemes are becoming more popular because of the employee engagement and cost savings they can bring. Global flex helps create a strong employer brand for all staff. Employers must choose providers carefully, ensuring they have the technology and resources to ...
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Article
Robert Birley is Bupa consultant
Bupa has appointed Robert Birley reward consultant.In 10 years in HR, he has been assistant HR business manager at KPMG, HR business partner regional brands at Nationwide Building Society, and held various roles at AstraZeneca.Read more about careers in reward and benefits
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Case Studies
Case study: Boots targets feel-good factor
A key part of Boots UK's business strategy is to create a good place to work. Stephen Lehane, HR director at Boots UK, says: "Our purpose is to champion everyone's right to feel good, which we take seriously, not just for our customers, but also our colleagues."Boots' annual Great place ...
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Article
EXCLUSIVE: Nationwide extends salary sacrifice scheme to regional brands
Nationwide Building Society has extended its salary sacrifice scheme to its regional brands, with about 1,200 additional staff benefiting from the move.For the first time, employees at Cheshire Building Society, Derbyshire Building Society and Dunfermline Building Society are able to participate in Nationwide's youchoose scheme, which offers benefits such as ...
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Article
Lee Smith joins Bureau Veritas
Bureau Veritas has appointed Lee Smith compensation and benefits manager.His previous roles during a decade in the benefits industry include: compensation and benefits adviser at Panasonic Europe; benefits and international assignments manager at Catlin; and global mobility and benefits manager at Bovis Lend Lease.Read more about careers in reward and ...
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Case Studies
Case study: Kingfisher share scheme promotes teamwork
In December 2011, about 2,000 employees at B&Q and Screwfix found themselves with a bit of extra cash before Christmas, after a three-year sharesave scheme reached maturity.The scheme paid out a total of £13.8 million - a gain of £7.4 million - with employees making an average of £3,516.Louise Bentham, ...
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Case Studies
Case study: Snowboarding spurs extra effort at IntaPeople
Recruitment firm IntaPeople decided to retain the annual team reward for its sales force to get them to go the extra mile in challenging times for the recruitment industry.By closely aligning the reward - a sales conference and snowboarding holiday in France - with the strength of performance shown by ...
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Analysis
Can some perks have unintended consequences for staff?
If you read nothing else, read this… Perks such as workplace sleeping pods or access to treats can be seen as both motivational and unhealthy for staff. To have the desired impact, these offerings must fit the culture of the organisation and the sector in which it operates. Benefits will ...