All Employee Benefits articles in Web Issue – Page 525
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Article
Employees plan time off for the Olympics
EXCLUSIVE: More than one-third (36%) of respondents plan to take holiday to attend the London 2012 Olympic and Paralympic Games, according to a poll by employee assistance programme (EAP) provider ComPsych.The London Olympics poll, which had 200 respondents, also found that 32% would work remotely and 20% would call in ...
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Article
Flexible working offered by less than half of employers
Less than half (47%) of respondents’ employers offer flexible working for their entire workforce, according to research by workplace software provider Croner Solutions.Its research, which surveyed 1,200 working adults, found that 23% of respondents said their employers do not offer flexible working arrangements.The research also found, if offered flexible working ...
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Analysis
Top tips for fleet risk management programmes
If you read nothing else, read this… Reducing fleet risk can reduce operating costs, improve fuel efficiency and cut insurance claims. Employers need to check employees’ driving licences regularly. Telematics technology can be used to monitor driver behaviour, including speed, distance and unsafe manoeuvres.Case study: Osborne cuts fleet insurance costsConstruction ...
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Analysis
Group risk: Income protection versus life insurance
If you read nothing else, read this… Television advertising has boosted employer awareness of group income protection (GIP), but life cover remains far more popular. GIP premiums tend to be more expensive than life cover, but the product can reduce absenteeism costs significantly. A trend towards limited-term GIP could make ...
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Article
National Grid to implement talent and compensation planning software
National Grid is to implement talent and compensation planning software from Towers Watson.The software is part of the utility firm’s commitment to build a single integrated technology platform for all of its HR processes.The first stage of implementation will include a roll-out of Towers Watson’s performance and workforce planning software. ...
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Article
Employee Benefits Awards 2012: Most effective healthcare and wellbeing strategy for employers with more than 1,000 staff
WINNERZurich Insurance, Zurich WellbeingThis entrant not only introduced a raft of measures tailored to address the needs of its workforce, but it also took significant steps to improve employee engagement scores on health and wellbeing.The insurance firm’s health and wellbeing campaign, branded Zurich Wellbeing, was launched in June 2011 and ...
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Article
Employee Benefits Awards 2012: Most effective healthcare and wellbeing strategy for employers with fewer than 1,000 staff
WINNERCapital One, Your Health MattersCapital One revamped its health and wellbeing provision for staff with a raft of measures designed to improve fitness, wellbeing and work-life balance.In January 2011, it opened an on-site gym called The Core at its head office in Nottingham. The judges were particularly impressed that employees ...
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Article
Employee Benefits Awards 2012: Most effective benefits communications strategy for employers with more than 5,000 staff
WINNERKraft Foods, Simply Rewards, entered by BenefexKraft Foods’ communications strategy was key to successfully integrating reward and benefits across the business after its acquisition of Cadbury.Kraft and Cadbury were coming from different standpoints, cultures and communication styles, so it was essential for communication to achieve parity across the workforce and ...
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Article
Employee Benefits Awards 2012: Most effective benefits communications strategy for employers with fewer than 5,000 staff
WINNERBromford, Bromford RewardsThis entrant used a multi-faceted communications strategy to promote its retail discount scheme, Bromford Rewards, which was introduced following employee feedback. The company involved its group of employee representatives in developing the project as part of efforts to ensure it reached all sections of the workforce.The judges noted ...
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Article
Employee Benefits Awards 2012: Most effective alignment of reward strategy to business strategy for organisations with more than 1,000 employees
WINNERMcDonald’s RestaurantsThis entrant significantly reduced staff turnover and increased sales after successfully linking its reward strategy to the needs of the business. The fast food chain discovered a correlation between employee engagement and business performance. For example, in restaurants where staff were engaged, sales were on average 28% higher and ...
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Article
Employee Benefits Awards 2012: Most effective alignment of reward strategy to business strategy for organisations with fewer than 1,000 employees
WINNERBarbon Insurance GroupThis business was formed in difficult circumstances in 2008. Not only did it have to deal with the fall-out from the financial collapse of its parent company and a decline in profits, but staff turnover was high and increasing, and low levels of morale were contributing to rising ...
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Analysis
Employee Benefits group risk supplement 2012
Download a PDF of the Employee Benefits/Friends Life Group Risk supplement 2012Sponsor’s comment: Declan White of Friends LifeWhat to do when rebrokingHow providers give added valueStrategies for managing long-term absenceGroup income protection versus life insurance
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Article
Employee Benefits Awards 2012
The Employee Benefits Awards celebrates UK employers’ reward and benefits strategies. We would like to congratulate our worthy finalists and winners!Download a PDF of the Employee Benefits Award Winners 2012†(Part 1, Part 2, Part 3 and Part 4)Click on each category below to view winners and finalists.Grand PrixEmployee benefits professional ...
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Article
Employee Benefits Awards 2012: Most effective use of total reward statements
WINNERTesco, Benefit Reports: Communicating our overall pay and benefits packageThis entrant sent personalised total reward statements to its 277,000 staff to ensure they understood the value of their pay and benefi ts in a tough economic climate. The statements, sent to employees’ home addresses, came with a personal letter from ...
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Article
Employee Benefits Awards 2012: Most effective benefits strategy in a public or voluntary sector organisation
WINNERYHA (England and Wales), YHA RewardsYHA designed a cost-effective benefits package that was relevant for staff of different ages and life stages. It was launched in conjunction with a three-year cost-saving exercise designed to cut central overhead costs by £1.7 million, so it had to achieve return on investment, and ...
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Article
Employee Benefits Awards 2012: Most effective strategy to encourage workplace savings
WINNERBT, Planning for retirement, entered by Wealth at WorkBT’s workplace savings strategy aims to ensure employees make informed decisions about their future.The company provides its workforce with a number of savings options, including two sharesave schemes and a share incentive plan. It also provides a defined benefit pension for employees. ...
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Article
Employee Benefits Awards 2012: Most effective pensions communications strategy
WINNERElectronic Arts, My Future, entered by Thomsons Online BenefitsElectronic Arts’ creative and fun strategy was designed to engage younger employees with pensions.It decided to take action after a review of its pension scheme in April 2011 revealed that 66% of staff had signed up to the scheme, but just 43% ...
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Article
Employee Benefits Awards 2012: Most effective pensions change strategy
WINNERSvitzer UK, Launch of Corporate Wrap, entered by Hargreaves LansdownThe innovative way in which Svitzer UK consolidated several legacy pension schemes by introducing a corporate wrap with a contract-based defined contribution (DC) scheme made it a clear winner.The corporate wrap, available to the entire workforce, allows employees to manage their ...
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Article
Employee Benefits Awards 2012: Most effective all-employee share scheme strategy
WINNERAsda Stores, Sharesave, entered by ComputershareIn a tightly-fought category, the judges were impressed by Asda’s decision to remove paper enrolment for its sharesave scheme and rely solely on electronic methods. This was felt to be a particularly brave step given Asda’s workforce demographic and the fact that most employees do ...
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Article
Employee Benefits Awards 2012: Most effective absence management and rehabilitation strategy
WINNERSerco, Serco Absence Process Review, entered by Jelf Employee BenefitsThis strategy features an online system that records and notifies managers of an employee’s absence on day one.Depending on the triggers for absence, a relevant professional, for example the insurer’s vocational rehabilitation consultant, or an in-house occupational health manager, gets in ...