All Employee Benefits articles in Web Issue – Page 557
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AnalysisEmergency childcare can pay off
IF YOU READ NOTHING ELSE, READ THIS…There is no legal obligation for employers to provide emergency childcare to employees.A range of emergency childcare options is available to parents in the workplace, but their suitability depends on the employer’s budgets and the employees’ needs.One of the biggest benefits of operating a ...
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Opinion
Kate Whateley: Total reward statements are a total success
After a staff survey at UKTV, we found a number of employees were simply not aware of the range of benefits available. Beyond the new-starter pack, induction and intranet-based information, we were not proactively highlighting our offer. So we introduced total reward statements with our annual salary review letters, which ...
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Article
Get connected at Employee Benefits Connect
One will be dedicated to pensions auto-enrolment, one will cover managing reward on a global basis, and one will tell benefits intermediaries about the latest products and services, and employers’ needs.The event also enables reward and benefits professionals to chat with other professionals in speed-networking sessions. The one-day event will ...
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Article
Employee Benefits Awards judges confirmed
It will include Neal Blackshire, benefits and compensation manager at McDonald’s Restaurants; Jane Earnshaw, head of reward and recognition at Asda; Susan Hughes, associate director, UK pensions and benefits at BP; Tim Taylor, group head of group reward at Tui Travel; and Louise Phillips, employee benefits leader at IBM, to ...
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Article
Summit will cover key pension issues
On the first day, Bridget Micklem, head of private pensions policy and analysis at the Department for Work and Pensions (DWP), will discuss the latest developments in workplace savings policy.Also speaking will be Debbie Harrison, senior visiting fellow at the Pensions Institute at Cass Business School, who will look at ...
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Case Studies
Interaction between pension provider and payroll vital for ISS UK
Its staging date was 1 January 2013, but it has postponed it to March because January is its financial year-end.ISS appointed Now:Pensions to manage 25 to 30 schemes, which are active with between five and 1,000 members. It outsources its payroll functions to Ceridian.Fergus O’Connell, UK group financial controller, says: ...
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Opinion
Olga Tregaskis: Work practices could boost productivity
High-performance work practices (HPWP) is the term used to refer to HR management practices associated with employee engagement, performance management, work organisation, skills development and learning. Increases in performance do not necessarily come from a single HR practice, but from the synergies of an architecture on performance management that values, ...
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AnalysisWorkforce segmentation helps target motivation benefits
IF YOU READ NOTHING ELSE, READ THIS …Avoid trying to shoehorn benefits to fit employee segments.Do not assume that people of the same demographic segment will want the same things.Employers should be creative in the way they communicate key messages about benefits to staffSupermarket giants know every aspect of their ...
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Opinion
Teresa Dolan: How salary sacrifice fits with auto-enrolment
Initially, there had been some concern over how salary sacrifice would interact with auto-enrolment requirements, given the apparent conflict between the need for permanent changes under salary sacrifice rules and the statutory right to opt out of auto-enrolment.However, HM Revenue and Customs guidance has confirmed that an employer can use ...
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Article
Jill Miller: Do wellbeing perks really work?
Many employers are looking at which wellbeing initiatives are of most use to staff at present. For example, many are now offering employees access to financial advice. How often do you review the suitability of the benefits you offer to employees?With budgets still frozen or being cut, it is encouraging ...
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Opinion
Matt Duffy: Accurate data is key to effective segmentation
Employers should liaise with HR and payroll to ensure they have as much relevant information on employees as possible.Analyse this data to identify different segments and populations of employees. While most employers acknowledge the obvious categories based on standard demographic dimensions, such as generation, gender and ethnicity, few recognise that ...
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Article
Jackie Palmer: Do wellbeing perks really work?
We have made a significant investment in our gym and restaurant facilities, introduced a wellbeing suite that offers free health assessments, launched an online portal to access personalised health advice and are offering psychological resilience courses. Our new facilities and services also include enlarged dentist and doctor surgeries, and an ...
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Case Studies
AG Parfett and Sons embrace employee ownership
Chairman Steve Parfett says: “It became clear that it was not the right time for the next generation of the Parfett family to take on management of the business, and we had a long and comprehensive review of the various options available to us.”The Parfetts considered a management buyout, an ...
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Article
Louise Aston: Do wellbeing perks really work?
A reactive approach to employee wellbeing is costly and unsustainable. Faced with the financial impact of ill-health, employers should take a proactive approach to the health and wellbeing of their whole workforce. By placing wellness, rather than sickness, at the centre of this approach, identifiable values for both employees and ...
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Opinion
Graeme Nuttall: Employee ownership rises on UK political agenda
Employee ownership has never been higher on the UK political agenda. The 2012 party conference season culminated in headlines for Chancellor George Osborne’s ‘swap rights for shares’ plan.There are also other measures out for consultation. This autumn, the government will deliver its full response to The Nuttall Review of Employee ...
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Opinion
Mick McAteer: Auto-enrolment will aid inclusion
At the Financial Inclusion Centre, our work covers outright financial exclusion and financial under provision, where people are not making enough provision for their core financial needs.The number of UK households that do not have a pension or are not saving enough into a pension to look forward to a ...
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Case Studies
Springfield Fuels listens to staff health concerns
The nuclear fuel fabrication services provider trains volunteers, including managers, union representatives and frontline workers, to become workplace listeners to whom staff suffering from stress can go for confidential advice.On-site counselling is provided if needed.Derek McMillan, site behavioural safety co-ordinator at Springfields Fuels, says: “The listeners are like a sticking ...
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Opinion
Lukas Rootman: Focus on health and safety requirements
This has manifested in proposals to reduce the number of health and safety inspections required at low-risk workplaces.But regardless of the direction of health and safety policy, certain minimum legal requirements remain, and compliance has benefi ts for both employers and their staff.The primary legislation governing health and safety is ...
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Opinion
Jill Duggan: Don't leave it too late to plan for auto-enrolment
The press coverage is hotting up and we are seeing adverts on TV and in newspapers. But do employees really know what it is yet and are employers ready?Employers must plan ahead and have a strategy because they will have to make decisions around a complex subject.At Trader Media Group, ...
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Opinion
David Smith: EAPs prove their value for wellbeing
Despite the fact that many employers perceive employee health and wellbeing as a cost, and that many are under pressure to reduce benefi ts costs, in reality today’s economic and cultural environment actually requires investment in staff wellbeing to maintain engagement, performance and productivity.The value of such investment is underlined ...