All Employee Benefits articles in Web Issue – Page 621
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Article
Wrap Film staff take up voluntary benefits
EXCLUSIVE: Wrap Film Systems has seen 42% take-up of its voluntary benefits scheme since it was launched at the end of February 2013.The programme, Your Choice, was put in place to help boost employee morale and to give something back to the cling film and aluminium foil exporter’s 310 employees.Sarah ...
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Article
Coca-Cola shortlisted for pensions comms
American Express, Coca-Cola Enterprises and Morrisons are among the employers that have been shortlisted for the award ‘Best pensions communications’ at the Employee Benefits Awards 2013.For this category, the judges were looking for a successful strategy that helped to boost employee knowledge and understanding of pensions and the need to ...
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Opinion
Charles Cotton: Flexible benefits communication
The 2012 research finds employees were less dissatisfied with a pay cut than a pay freeze if their employer explained the rationale behind the decision. However, the same survey reveals that it’s not just the act of communication that is important but also the quality of the communication. I think ...
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Case Studies
Volkswagen UK educates staff about retirement options
Platten says: “I talk about their aspirations, what they want to achieve and their options at retirement, and try to make them feel as comfortable as possible.”Volkswagen also holds retirement planning seminars for staff who are retiring. The one-day seminars are hosted by Platten, who invites a range of industry ...
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Opinion
Richard Shelton: Codes of conduct on retirement planning
The focus of The Pensions Regulator (TPR) is increasingly moving on to defined contribution (DC) pension schemes to improve member outcomes, but employers’ obligations in relation to these schemes remain limited, particularly at the point of retirement.Auto-enrolment does not introduce any obligations on employers when members retire.Beyond auto-enrolment, an employer’s ...
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Article
Graeme Bold: Top tips to help employers prepare for auto-enrolment
As workplace pensions become a legal requirement for UK employers, employers need to ensure their auto-enrolment strategies are fit for purpose.For more than six months, the biggest change in the history of pensions has been under way. Introduced on 1 October 2012, auto-enrolment requires employers to auto-enrol their staff into ...
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Analysis
The pros and cons of using multiple pension plans for auto-enrolment
IF YOU READ NOTHING ELSE, READ THIS…Using multiple pension schemes will not suit all employers.Running multiple schemes can be confusing and may increase communication costs.Communication strategies must clearly differentiate the benefits of each scheme.The Pensions Regulator (TPR) requires all workplace pension schemes to meet its qualifying criteria for auto-enrolment. A ...
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Article
Xactly launches sales incentive compensation product
Xactly Corporation has launched a sales incentive compensation product that enables managers to link the organisation’s goals to employee behaviour to engage and motivate staff.Xactly Objectives enables employers to set measurable, aligned business objectives for each employee, provide employees with real-time visibility of their performance, calculate achievement of those metrics, ...
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Article
Average pay growth at lowest levels since 2001
Average weekly earnings, excluding bonus payments, rose by 0.8% between January and March 2013, according to figures by the Office for National Statistics (ONS).This is the lowest growth rate since comparable records began in 2001.Average weekly earnings, including bonus payments, rose by 0.4% during the same period. This growth rate ...
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Article
DOD’s blog: Work really is good for us
As I returned to work after a lovely couple of weeks’ holiday over in the USA it was hard to remind myself that work is truly good for us (and not only as a means to fund holidays abroad).A report out on Wednesday by the Institute of Economic Affairs (IEA), ...
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Article
Pig protest over parliamentary pay
One cannot fault Kenyan protestors for having a lack of imagination when it comes to railing against fat-cat pay demands – or should that be ‘greedy pig’ demands.Earlier this week protesters released a pig and about a dozen piglets outside parliament to show their anger at newly-elected MPs demanding higher ...
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Article
JLT to re-launch lifetime allowance audit service
JLT Wealth Management is to re-launch its lifetime allowance audit service.This follows the reduction of the lifetime allowance, announced by Chancellor George Osborne in the Autumn Statement in December 2012, which is due to take effect from April 2014.The objectives of the lifetime allowance audit are:To establish a precise valuation ...
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Article
Cycling to work saves more than 100,000 tonnes of CO2 a year
More than 100,000 tonnes of carbon dioxide (CO2) have been saved every year through employees cycling to work, according to research by the Cycle to Work Alliance.Its Green way to work report, which surveyed 18,500 employees who use a bikes-for-work scheme, found that respondents save 112,210 tonnes of CO2 in ...
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Article
Boots and Waitrose support staff volunteering
Boots, British Gas, Lloyds Banking Group, Prudential and Waitrose are among the employers supporting Give and Gain Day by offering employees the opportunity to volunteer.Give and Gain Day, on 17 May, will see more than 11,000 UK employees volunteer in their local communities.The day is part of Business in the ...
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Article
Wellbeing4Business launches workplace wellbeing challenge
Wellbeing4Business has launched an online team challenges programme to promote health and wellbeing in the workplace.The Healthy Teams programme, which is available for employers of all sizes, provides access to a web portal that enables them to run team-based wellbeing challenges for staff.Each challenge lasts for four weeks, during which ...
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Article
Employers plan pay freeze for graduates
Nearly three-quarters (72%) of respondents plan to freeze starting salaries for graduates over the next year, according to research by Incomes Data Services (IDS).Its annual Pay and progression for graduates 2013 report, which surveyed 93 large organisations, also found that with inflation running at 2.8%, the pay freeze equates to ...
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Article
NSPCC completes pension buy-in
The National Society for the Prevention of Cruelty to Children (NSPCC) has completed a pension insurance buy-in for its defined benefit (DB) pension scheme.The buy-in, which covers £63 million of pensioner liabilities, was concluded with Pension Insurance Corporation (PIC).The transaction also allows the trustees to defer meeting the cost of ...
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Article
BA and BSkyB shortlisted for voluntary perks
British Airways and BSkyB are among the employers shortlisted for the accolade ‘Best voluntary benefits plan’ at the Employee Benefits Awards 2013.For this category, the judges were looking for a plan that used staff-paid, voluntary benefits or staff discounts in an effective manner.The full category shortlist is: Birmingham City Council ...
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Case Studies
Pay and holidays are main attraction for offshore workers at Ceona
The London-based organisation, which now has 76 employees, has offshore sites in the North Sea, the Gulf of Mexico, the Norwegian continental shelf and West Africa.Dave Mackay, offshore construction manager at Ceona, says remuneration and holidays, with employees receiving up to six months’ leave per year, are major attractions for ...
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Opinion
Linda Torr: Legal requirements for offshore workers
There are many considerations for an employer to ensure it complies with the new legislation, including the provision of benefits for health protection, medical care, welfare and social security protection. This includes the requirement for pre-deployment screening, access to primary care while on board, including dental care, and occupational health.The ...