All Employee Benefits articles in Web Issue – Page 509
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Article
EXCLUSIVE: Baker and McKenzie introduces flexible benefits scheme
Baker and McKenzie has introduced a flexible benefits plan, through which it has implemented a salary sacrifice arrangement for its group personal pension, travel insurance, foreign currency exchange and a concierge service.The BakerBenefits scheme, provided by Thomsons Online Benefits, offers the law firm’s 800 UK staff all their benefits in ...
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Article
Belgian employees happiest in the workplace
?Belgian employees (77%) are most satisfied and motivated in the workplace, followed closely by German (74%) and UK (63%) staff, according to research by Edenred.The research, Wellbeing at work and employee motivation, covered six European countries – Belgium, France, Germany, Italy, Spain and the UK – with 300 respondents in ...
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Article
EXCLUSIVE: Overbury launches bikes for work to mitigate challenges of Olympic commute
Overbury has launched a bikes-for-work scheme to mitigate the challenges of commuting during the London 2012 Olympic and Paralympic Games.The office refurbishment firm has 170 staff based near Oxford Street in central London. Annabelle Jane, facilities manager at Overbury, said: “We started thinking about it because of the Olympics. It ...
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Article
Cila Dhanji moves to BP
?BP has appointed Cila Dhanji reward consultant, global reward projects.Previous roles in the industry include: reward consultant at Cadbury; compensation and benefits specialist at Colt; and compensation adviser, global manufacturing and supply at GlaxoSmithKline.Read more about careers in reward and benefits
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Article
Pension risk-sharing call receives mixed response
Pensions minister Steve Webb’s latest call to achieve a better balance of pension-saving risk between employers and employees, by creating defined ambition pension arrangements, has received a mixed reaction.Webb said the government is investigating cash-balance style arrangements, whereby an employer guarantees to deliver a fixed pension pot at retirement but ...
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Article
EXCLUSIVE: Lloyd's Register hosts health and wellbeing day
Lloyd’s Register hosted a health and wellbeing day for its 600 London head office staff in April and posted the day’s presentations and leaflets on its intranet page for its 8,000 global employees.The event, branded ‘Keeping pressure positive’, included workshops and presentations, hosted by Roodlane Medical, on topics such as ...
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Article
Group head role at Eurasian Natural Resources for Stuart Nolan
?Eurasian Natural Resources has appointed Stuart Nolan group head of reward.His previous roles in the industry include: group reward director at Dixons Stores Group; head of reward at Experian International; and international compensation and benefits manager at Sereno International.Nolan also spent seven years at NatWest in a variety of roles, ...
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Article
EXCLUSIVE: Unilever offers health screenings to staff
?Unilever is offering its 7,000 staff in the UK and Ireland voluntary health screenings through its Fit Business scheme, which integrates medical and occupational health initiatives.The screenings, provided by Screenetics, will be rolled out to 26 sites over eight months. They include blood pressure, height, weight, hip/waist ratio, and blood ...
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Article
Whitbread recruits John Farrell
?Whitbread has appointed John Farrell reward manager – benefits and incentives.Over 30 years in the benefits and reward industry, his previous positions include: reward and performance management manager at Lebara Mobile; compensation and benefits manager at SThree; HR operations consultant at Thomson Reuters; senior compensation specialist at Network Rail; senior ...
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Analysis
Pension pools make a splash
?High-profile examples of pooled pension schemes in the public sector have triggered debate about whether similar arrangements could also be used more frequently in the private sector.Last month, London Councils announced it was looking into plans to create a pooled pension fund to reduce administration costs and divert up to ...
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Article
European employers move to outsource flexible benefits
?Many European employers have outsourced their flexible benefits plan over the past three years, according to research by Mercer.Its European employee choice in benefits survey 2012, which polled 560 respondents across 12 European countries, found that where respondents operated a comprehensive flex programme, only 16% managed it exclusively in-house, a ...
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Article
EXCLUSIVE: GKN focuses on employee wellbeing
GKN is to add a variety of health and wellbeing benefits to its flexible benefits scheme for this year’s enrolment window.The global engineering firm, which has 6,000 UK staff, is introducing modular wellness programmes tailored for each of its 14 sites. It will also have wellness champions, walking clubs and ...
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Article
EXCLUSIVE: JP Morgan uses NI savings to relaunch flexible benefits scheme
JP Morgan has used its employer national insurance (NI) savings from offering some benefits via salary sacrifice to fund the rebranding and relaunch of its flexible benefits plan.The financial services firm has operated an unchanged flex plan for five years. But access to its benefits was previously split across various ...
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Article
EXCLUSIVE: Nomura develops parental transitions programme
Investment bank Nomura has developed a parental transitions programme that puts all its benefits for working parents in one place, and has brought in a range of perks targeted at new parents.The new benefits include career-coaching sessions for expectant parents before leave, once they have returned to the workplace, and ...
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Article
Government launches mutual joint-venture arrangement to administer civil service pensions
The government has launched a mutual joint-venture arrangement to administer the Civil Service Pension Scheme.The mutual joint-venture model, which was announced by Francis Maude, minister for the Cabinet Office, gives employees a 25% ownership stake, representation at board level and a share in profits.The arrangement, MyCSP, will be contracted by ...
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Article
Most employees absent due to stress are able to return to work
Seven out of ten employees absent due to stress return to work within six months, according to research by Legal and General.This is an improvement on data from 2006, when fewer than 40% of employees were able to return to work within the same period.The figure has been steadily rising ...
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Article
Ford employees to be balloted for industrial action over pensions and pay
Ford employees will be balloted for industrial action over changes to their pensions and pay rates.The changes include the closure of the final salary pension scheme to new joiners and lower rates of pay for new joiners.The union Unite has been attempting to reach a deal on behalf of the ...
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Article
Majority of FTSE 100 DC schemes choose diversified growth funds
Seventy of the FTSE 100 companies now offer diversified growth funds (DGFs) as part of the fund range in their defined contribution (DC) pension schemes, according to research by Towers Watson.The research, FTSE 100 defined contribution pension scheme 2012 survey, also found that nearly all (92%) FTSE 100 pension schemes ...
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Article
Third of employers to increase benefits spend in 2012
More than a third of employers plan to increase their spend on employee benefits in 2012, according to research by the Chartered Institute of Personnel and Development (CIPD).The CIPD/Benefex reward management survey 2012 also found that only 18% of respondents provide total reward statements (TRS) to staff and 20% offer ...
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Article
30% of respondents do not communicate pensions to staff
Almost a third (30%) of respondents do not communicate with employees about their pensions, according to research by Aviva.The first Aviva Working lives report surveyed 2,004 private sector employees and 210 employers in the first quarter of 2012.A quarter (24%) of employers surveyed leave it to the pension provider or ...