All Employee Benefits articles in Web Issue – Page 535
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Article
Sainsbury’s pilots workplace wellness initiative
Sainsbury’s has piloted a workplace wellness initiative to help increase activity levels and reduce sick days among employees.The FitStop pilot, managed by exercise firm Power Plate, was run at the supermarket chain’s Coventry office. It encouraged employees to perform a three-minute series of stretches on a Power Plate training machine ...
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Analysis
What level of investment risk should employers and employees take?
If you read nothing else, read this… Employers and pension trustees have been seeking ways to limit the level of risk in default funds. Poorly performing investments will reduce the size of pension pots, with repercussions for employers and staff Ascertaining risk for scheme members is fraught with difficulties. The ...
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Article
73% of respondents believe executive pay is too high
Almost three-quarters (73%) of non-executive directors believe that executive remuneration is too high, according to research by Hay Group.The research, The trouble with executive pay: insights into executive reward from the directors responsible for setting it, was conducted among 60 non-executive directors on FTSE 350 remuneration committees.†It found that 87% ...
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Article
Asda rewards employees for long service
Asda employees have been awarded for a combination of 41,040 years of service at the supermarket chain’s Big Anniversary event.The event, which is now in its 12th year, recognises staff with 25, 30 or 40 years of service.More than 1,500 employees were recognised this year. They received an extra week’s ...
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Article
EB Live Asia: Benefits programmes in Asia need to evolve
HR leaders need to update the standard suite of benefits programmes available to stay ahead of the game, said Bonita Lee, vice president of human resources, Asia-Pacific for GlaxoSmithKline, during a panel discussion at EB Live Asia 2012 in Singapore.She added: “The list of benefits has not evolved in the ...
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Article
National Grid launches employee assistance programme
Utility firm National Grid has launched an employee assistance programme (EAP) for its 9,000 UK staff.The EAP will be provided by Workplace Wellness, which is part of talent and career management firm Right Management.Andy Buxton, health and wellbeing manager at National Grid, said: “We are happy to be working with ...
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Article
PWC to begin auto-enrolment communications to staff
EXCLUSIVE: PricewaterhouseCoopers (PWC) is to embark on its auto-enrolment communications strategy by issung a guide to its 15,000 employees.The guide, which will be emailed to staff in the first two weeks of August, will detail the options available under auto-enrolment.These include joining the firm’s existing group personal pension (GPP) plan, ...
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Article
UK employers have lowest cost per staff in Western Europe
Employers in the UK have the lowest cost per employee per year anywhere in Western Europe, according to research by Towers Watson.Its annual Global 50 remuneration planning report, which includes the latest pay and benefits information for 50 positions across 57 countries worldwide, found that the mandatory costs and taxes ...
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Article
Quorum Business Park hosts sports-themed summer party for staff
Quorum Business Park concluded a three-week programme of inter-office sporting competitions with an afternoon of onsite fun and games for its staff.The Quorum Games, a series of sports-themed challenges held throughout July, included tennis, football and hockey, as well as egg and spoon and three-legged races.Staff at the Newcastle-based business ...
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Article
Most respondents monitor expatriate benefits programmes
The majority (85%) of respondents have procedures in place to monitor their expatriate benefits programmes, according to research by Mercer.Its 2011/12 Benefits survey for expatriates and internationally mobile employees, which provides an overview of expatriate policies within large multinational companies, surveyed 288 multinational organisations with 119,000 expatriate employees.The research found ...
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Article
New Zealand's athletes receive a Marmite-y reward
Offering rewards for a job well done and to motivate staff are common in many workplaces, and it would seem the Olympic Village is no exception.New Zealand’s Olympic-medal winners are being rewarded by Kiwi supermarket chain Pak ‘n’ Save with jars of Marmite.The bronze-medal winning New Zealand eventing team dropped ...
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Article
Adrian Moorhouse: How can employers use the Olympics to boost staff engagement?
The 2012 Olympic and Paralympic Games are upon us and the excitement is palpable. The papers will be filled with stories of success and failure, of heartbreak and joy for the duration of the event. Although ‘Olympic fatigue’ is a very real possibility, this summer is a fantastic opportunity to ...
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Opinion
Martin Thompson: Gearing up for a new era
A message from the sponsor of the Employee Benefits/Premier Pensions and Workpalce Savings Research 2012:This year will be remembered for many things, not least the London 2012 Olympics and Paralympic Games. But for the benefits industry, it will be remembered for the start of auto-enrolment.Many employers have for years offered ...
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Article
FTSE 350 pension scheme deficits increased in July
The deficits for FTSE 350 companies’ defined benefit (DB) pension schemes increased by £5 billion since the end of June, according to research by Mercer.Its Pensions risk survey found that the pension deficits stood at £75 billion at 31 July 2012, compared to £70 billion at the end of June ...
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Article
Staffcare and LCP enter into partnership agreement
Staffcare and LCP have entered into a partnership agreement to help employers prepare their flexible benefits schemes for auto-enrolment.LCP, part of the Alexander Forbes group, will offer Staffcare's benefits administration and communication software to its employer clients, with a particular emphasis on flexible benefits and auto-enrolment.The firm will also use ...
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Article
C Brewer and Sons appoints fiduciary manager for pension schemes
C Brewer and Sons has appointed a fiduciary manager for its defined benefit (DB) and defined contribution (DC) pension schemes.The painting and decorating supplier has chosen global fiduciary management firm SEI to implement asset and liability-matching strategies, develop an efficient investment portfolio, and select and replace managers to run the ...
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Article
Employee Benefits/ Premier pensions and workplace savings research 2012
As auto-enrolment approaches, many employers’ attention is now firmly fixed on what compliance means for their organisation, according to the Employee Benefits/Premier pensions and workplace savings research 2012.Just under three-quarters (72%) of respondents said they have a project plan in place, while 69% have planned their budget for the changes.Three-quarters ...
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Article
Beverly King: How can employers use the Olympics to boost staff engagement
At Panasonic, we have been keen to inspire and bring a buzz to the workplace. It’s not just a short sprint, but more of a gala, with a big run-up, impressive leap and spectacular finish.We held various activities for staff ahead of the opening ceremony, including a pin badge competition, ...
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Article
Niall de Lacy: How can employers use the Olympics to boost staff engagement?
The benefits of being a global partner of the London 2012 Olympic and Paralympic Games go far beyond association with the National Olympic Committee, world-class athletes and the opportunities this presents to drive a business forward. Employers can become part of the Olympic movement, which gives the chance to take ...
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Article
Employees should be auto-enrolled into financial protection schemes
Almost half (43%) of respondents said that employees should be auto-enrolled into a scheme that offers financial protection in the event of long-term illness, according to research by Aviva.Its Group risk survey, which polled 1,000 British adults and 500 employers, found that 22% of employer respondents said they do not ...