All Employee Benefits articles in Web Issue – Page 619
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Article
McDonald’s sees low pension opt-outs
EXCLUSIVE: McDonald’s Restaurants has seen 2.4% of its hourly-paid employees and 2.7% of its salaried employees that were auto-enrolled on 1 January 2013 opt out of pensions.The fast food retailer has 37,000 UK employees who work directly for the organisation (rather than its franchises). Of this group, 35,000 are hourly-paid ...
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Article
Global payroll practices need improvement
The majority (85%) of multinational organisations surveyed want improvements to their current payroll practices, yet they are sceptical about whether payroll providers can deliver a comprehensive global solution, according to research by Ernst and Young.Its Global payroll: myth or reality research, which surveyed 161 global senior payroll leaders, found that ...
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Article
Changes to Companies Act promote employee ownership
The government’s changes to the Companies Act 2006, which aim to promote employee ownership, come into effect on 30 April, following approval from both the House of Commons and the House of Lords.In relation to authorising share buy backs, these amendments will:Allow off-market share buy backs to be authorised by ...
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Article
Ashurst and Trolex shortlisted for reward strategy
Ashurst and Trolex are among the employers that have been shortlisted for the award ‘Best reward strategy aligned to business strategy’ at the Employee Benefits Awards 2013.For this award, the judges were looking for an entrant that successfully integrated its reward offerings into a single total reward strategy and demonstrated ...
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Case Studies
JP Morgan wants good dental health for staff
In 2007, the dental plan became part of the bank’s new flexible benefits scheme.The employee-funded plan offers five levels of cover and is available to all 13,500 of the organisation’s UK staff.Adam Brooke, employee benefits manager (UK) at JP Morgan, says: “We wanted choice within the offering, just as we ...
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Opinion
Nigel Carter: Employees must see the dentist
The same survey showed 93% of employers do not give staff occupational health information on the importance of maintaining good oral health.We would encourage employers to review their current occupational health and general welfare policies regarding employees taking time off to visit the dentist. In the last five years, the ...
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AnalysisDental benefits prove their worth
IF YOU READ NOTHING ELSE, READ THIS…Health cash plans and dental insurance will cover treatment by both NHS and private dentists up to an agreed limit.The treatments covered by dental plans have expanded to include dental accidents and dental cancers.The cost of private dental treatment can vary throughout the country ...
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Article
Increased workload top auto-enrolment concern
Two-thirds of respondents are concerned that pensions auto-enrolment will increase workloads for their HR and payroll departments, according to research by recruitment firm Hays.The research surveyed more than 400 employers which attended a series of seminars held by Hays in partnership with Barclays Corporate and Employer Solutions, and the National ...
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Article
Eight factors that make a top reward practitioner
Nine out of ten reward practitioners would recommend a career in reward, according to WorkatWork, the US-based total rewards association.Speaking at the opening session of its conference Total Rewards 2013 in Phildelphia, USA, WorldatWork’s president and chief executive officer Anne Ruddy, said: “[Reward] has a tremendous impact on employers and ...
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Article
PepsiCo designs reward toolkit for staff in emerging markets
Global beverages company PepsiCo has designed a toolkit to drive its retention of talent in emerging markets, which includes reward packages that are tailored to each country and are different to those of its competitors.The toolkit has already been piloted in one Asia Pacific country and saw a 2% drop ...
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Article
Ink up for a pay rise
Something for the weekend…A US-based real estate agency is bucking trends when it comes to pay and reward, with an intriguing loyalty-based reward scheme.Rapid Reality, which employs 1,100 staff across 62 locations in the United States, is offering employees a 15% pay rise in return for them getting a tattoo ...
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Article
DOD’s blog: view from the United States of America
This week, I spent a couple of fascinating days at the WorldatWork Total Rewards 2013 conference in Philadelphia, USA. My key goal was to find out the big trends emerging this side of the pond.The obvious, all-consuming topic, is that of the Affordable Care Act (ACA) that comes into effect ...
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Article
One million PAYE schemes move to RTI reporting
More than one million pay-as-you-earn (PAYE) schemes have started to use real-time information (RTI) reporting, according to the HM Revenue and Customs (HMRC).The legislation, which came in to effect from 6 April 2013, means that employers report PAYE in real time from their first pay day on, or after, that ...
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Article
Holiday Extras and Roche UK shortlisted for engaging benefits
Holiday Extras and Roche UK are among the employers that have been shortlisted for the award ‘Most engaging benefits package’ at the Employee Benefits Awards 2013.This award focuses on how an employer used benefits within its wider strategy to engage employees with the organisation. The winner will have demonstrated how ...
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Article
Honda North America's new reward plan
Honda North America is redefining its total reward and employee value proposition as a result of being given autonomy from its Japanese head office on 1 April 2013.Its reward strategy will transform from being a one-size-fits-all package, with performance uniformity and lifetime employment, to one targeted at flexibility and performance ...
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Article
Retail group records £31m DB pension net gain
Home Retail Group’s defined benefit (DB) pension scheme has recorded a net exceptional gain of £31.3 million since it was closed to future accrual from 31 January 2013.This includes a non-cash curtailment gain of £37.4 million, arising from the one-off reduction in the scheme’s liabilities because members ware no longer ...
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Article
Canal and River Trust appoints George Serls
Previously, he was a reward specialist at Sanctuary Group.His other past roles include senior HR officer, pay and reward at North East Lincolnshire Council and pay and benefits manager at Cattles.
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Article
Sony Europe appoints Roy Douglas
He was previously pensions and benefits specialist for Europe, the Middle East and Africa (EMEA) at State Street Bank and Trust Company.He has also held pensions analyst roles at Citi Global Markets and Jardine Lloyd Thompson.
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Article
BP promotes Susan Hughes
Hughes previously held the role of associate director, UK pension and benefits at BP.With more than 20 years working in the pensions industry, she has also been pensions manager at Independent Television News and senior pensions officer at Abbey National Pension Fund.Hughes was named one of the Hot 100 Benefits ...
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Article
Cisco appoints Spencer Roach
Roach’s previous roles include international compensation and benefits manager at Nuance Communications; compensation and benefits manager, EMEA, and pensions delivery manager at Honeywell; pensions and benefits consultant at Aon Consulting (now Aon Hewitt); and risk and benefits administrator at Mercer.Roach was named as one of the Hot 100 Benefits Managers ...