All Employee Benefits articles in Web Issue – Page 520
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Rolls-Royce reintroduces bike scheme
Rolls-Royce has reintroduced a bikes-for-work scheme for its 20,000 UK employees.The car manufacturer had previously offered a scheme in 2009, but discontinued it because it felt it was difficult to administer and there were ongoing changes from HM Revenue and Customs (HMRC) on some aspects of the scheme.Miriam Valten-Agnew, head ...
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EXCLUSIVE: BNP Paribas launches physiotherapy referral service
BNP Paribas has introduced a physiotherapy referral service, removing the need for GP referral.The service, which includes on-site physiotherapists, was launched on 1 May and is available to the bank’s 4,000 employees and their families via its private medical insurance (PMI) scheme.One-third of BNP’s medical spend is on musculoskeletal issues, ...
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Most respondents do not have formal cancer policy
Three-quarters of respondents do not have a formal policy in place for managing cancer among employees, according to research by independent financial adviser Helm Godfrey.Its research, Cancer in the workplace: its impact and how companies manage it, also found that 41% of respondents said dealing with cancer in the workplace ...
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EXCLUSIVE: Capital One highlights Men's Health Week
Capital One will offer health checks and raise awareness about testicular cancer during Men’s Health Week, which takes place on 13-19 June.The credit card company has teamed up with an NHS medical practice near its Nottingham head office to offer free blood pressure and cholesterol checks, plus information on mental ...
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Towry forms committee to highlight value of total reward
Towry is taking steps to ensure its staff grasp the value of their total reward, including pay, pension, bonuses and other benefits.The independent financial advice firm has created a committee comprising non-HR staff from all levels of the business to look at how these reward elements are perceived by its ...
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EXCLUSIVE: Bwin.Party rolls out global benefits programme
Online gaming company Bwin.Party has launched a global benefits programme to harmonise its perks as it makes new acquisitions.The firm has 2,700 staff spread across three continents. Its Just.Rewards programme, provided by Thomsons Online Benefits, will be launched in Bulgaria and India on 1 July, then in Austria, Israel, Italy ...
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EXCLUSIVE: Large employers celebrate Queen'’s Jubilee with staff
Employers such as Asda, B&Q, Health Shield, Marks and Spencer and Sainsbury’s celebrated the Queen’s Diamond Jubilee at the beginning of June with tailored recognition schemes and motivational events for staff.Asda awarded one employee in each of its stores and distribution centres the title of ‘Jubilee Colleague of the Day’ ...
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EXCLUSIVE: Microsoft switches flexible benefits providers and moves plan online
Microsoft UK has switched providers of its flexible benefits scheme and moved the plan online for the first time.The scheme, paper-based since 2003 and previously provided by Edenred, was relaunched in May using Thomsons Online Benefits’ Darwin platform.The move is intended to improve the employee experience, reduce administration for Microsoft’s ...
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EXCLUSIVE: McDonald's Restaurants wins Grand Prix at Employee Benefits Awards
McDonald’s Restaurants, Merlin Entertainments, BT and Kraft Foods were among the big winners at this year's Employee Benefits Awards, which took place at the Artillery Garden at The HAC on 31 May.McDonald’s Restaurants took the coveted overall Grand Prix prize, plus the category award for ‘Most effective alignment of reward ...
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The Pensions Regulator reminds employers about auto-enrolment inducements
The Pensions Regulator (TPR) has reminded employers about the laws related to inducing staff to opt out of retirement savings post-auto-enrolment.The law prohibiting inducements comes into effect on 1 July, although employers’ staging dates are spread out over several years.The TPR defines an inducement as any action with the sole ...
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Positive shift in employee engagement worldwide
Latin America has the highest employee engagement levels, according to research by Aon Hewitt.Its 2012 Global engagement report analysed employee engagement trends among more than 3,100 organisations representing 9.7 million employees worldwide.In Latin America, 71% of respondents cited high levels of employee engagement, compared to 64% in North America, 58% ...
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Employee Benefits/Cigna UK HB Healthcare Research 2012
Download a PDF of the Employee Benefits/Cigna UK HB Healthcare Research 2012Editor’s comment:Our 14th annual healthcare research reflects the pressures many employers are experiencing because of the current economic climate. As the UK has once again entered into recession, more than half of our respondents say they have come under ...
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PMI and Mercer partner to offer discontinuance administration for pension schemes
The Pensions Management Institute (PMI) has partnered with consultancy Mercer to offer specialist support around discontinuance administration for defined benefit (DB) pension schemes.The move is in response to growing demand within the industry for services that relate to approaches to solvent buy-outs, insolvency administration and overall pension scheme cessations.Vince Linnane, ...
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Tyne and Wear Metro staff strike over pay dispute
Tyne and Wear Metro staff are taking strike action today, 7 June, in a dispute over pay.They are protesting against contractor DB Regio Tyne and Wear’s (DBTW) decision that contract pay will be decided by the average weekly earnings (AWE) rather than the higher retail prices index (RPI). DB Regio ...
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ACF Car Finance wins payroll-giving award
Car dealer ACF Car Finance has been awarded a platinum award by the Institute of Fundraising for its commitment to payroll giving.The platinum-level award, which was introduced in 2012 to mark the 25th anniversary of payroll giving, is held by 30 UK organisations.It celebrates employers that encourage staff to make ...
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Lorica Employee Benefits launches online benefits portal
Lorica Employee Benefits has launched an online benefits portal called iPortal, which provides employers and their employees with access to every website and microsite related to their benefits offering through one sign-on facility.The portal can be connected to a variety of benefits platforms, including pension schemes, wealth management, flexible benefits, ...
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Pension deficit for FTSE 350 firms approaches £120 billion
The aggregate deficit of defined benefit (DB) pension schemes for companies in the FTSE 350 approached £120 billion at the end of May 2012, according to research by Barnett Waddingham.The research also showed that some sectors of the FTSE 350, in particular the industrial sector, have been more exposed to ...
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Gender gap in expected retirement income is narrowing
The gender gap in expected retirement incomes has fallen to £5,750, down from £6,500 in 2011, according to research by Prudential.Its Class of 2012 study into the finances and expectations of those planning to retire this year found that the average woman expects an annual income of £12,250 in retirement, ...
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A third of respondents are ready for auto-enrolment
A third (31%) of respondents are ready for auto-enrolment, according to research by Jelf Employee Benefits.The research, which was carried out last year, has found little improvement over the last 12 months. In 2011, 30% of respondents were prepared for auto-enrolment.This year’s research found that employers are more aware of ...
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Alton Towers staff receive contortionist training to combat claustrophobia
Alton Towers is offering its employees training sessions from a contortionist to help them deal with the dark and cramped conditions of the park’s newest attraction.Staff working on the Nemesis Sub-Terra, which features a network of catacombs, tunnels and dark cramped cages, have complained of claustrophobia.Alton Towers has therefore hired ...