All Employee Benefits articles in Web Issue – Page 663
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Article
Consultation on bankers' bonuses launched
The European Banking Authority (EBA) launched a consultation in July on the instruments that banks can use to satisfy the standards of its bankers’ bonus cap legislation.The EBA’s draft Regulatory Technical Standards, which includes the requirement for banks to pay 50% of variable remuneration in non-cash instruments, is expected to ...
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Article
Sam Gee: Should zero-hours contracts include a minimum benefits provision?
Flexibility is good for business. Matching the people needed to the peaks and troughs in work makes for an efficient operation.Having the biggest choice of available workers is also good for business and people such as retirees, carers, students or second-jobbers may be looking for occasional earnings. So I can ...
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Opinion
Terry Gostelow: Rolling out global benefits platforms
The rollout of global benefit platforms is treading a similar path to those in the payroll and human resources information system (HRIS) industries, where global providers have become established in recent years. However, while payroll in particular, and sometimes HRIS, remain a back-office tool, rolling out a benefits platform globally ...
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Analysis
Five key criteria to ask a flexible benefits provider
If you read nothing else, read this…Employers should ascertain whether a provider works alone or is supported by a third party to deliver the scheme.The provision of eight to 10 employee benefits is advisable in the first year of a scheme.Workplace benefits days can help employees to understand the perks ...
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Article
Ceridian launches EAP mobile app
Ceridian has launched an employee assistance programme (EAP) mobile application (app) for employers to provide counselling support for employees.The human capital management and services provider has partnered LifeWorks to produce the app in the UK, following a launch in the US.The app, which is available to download on all smartphones, ...
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Article
Busy Bees Benefits launches mobile phone scheme
EXCLUSIVE: Busy Bees Benefits is to launch a mobile phone scheme at Employee Benefits Live on 25 and 26 September.The scheme, which is provided via a salary sacrifice arrangement, is designed for employers to help employees save money on their mobile phone bills.Employees will receive tax and national insurance (NI) ...
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Article
Bonuses for FTSE executives down in 2013
Executives at the UK’s largest organisations have seen their bonuses fall for a second year in a row, according to research by PricewaterhouseCoopers (PWC).Its 2013 Executive reward survey, which is based on the reports of 204 companies in the FTSE 350, found restraint in total pay across senior management positions, ...
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Article
Firefighters to strike over pension changes
Firefighters are to take strike action on 25 September over the government’s reforms to their pension scheme.Almost 80% of members of the Fire Brigades Union in England and Wales who were polled voted in favour of industrial action in a ballot earlier in September.The proposed pension changes, which are set ...
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AnalysisFacts and figures on flexible benefits schemes
Employee Benefits has rounded up a range of facts, figures and case studies covering the provision of flexible benefits schemes over the past year, to highlight the issues and trends that are currently affecting employers and their workforces.- The Benefits Research 2013, which surveyed 561 HR and benefits professionals, was ...
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Opinion
Matthew Gregson: Refresh flexible benefits frequently
Organisations should ensure that the big-ticket items they offer employees are right, including holiday, pension scheme and healthcare, and only consider changing these infrequently. It is more appropriate to review add-on benefits, such as dental cover and gyms on a frequent basis.Employers must be mindful of the fact that changing ...
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Analysis
Severn Trent rejuvenates flexible benefits scheme
The utilities organisation launched a new online flex scheme with provider Edenred, but that did not improve matters, with take-up remaining around 30%, the same as it had been with the previous paper-based scheme.So the HR team set out to revamp the scheme. Its objectives included improving employee engagement by ...
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Article
Mentors give career guidance at Employee Benefits Live
Delegates looking to advance their career in reward and benefits will be able to take advantage of guidance and advice from a panel of top benefits practitioners and award-winning benefits professionals at Employee Benefits Live.During careers clinics, which are sponsored by JSW Resources, visitors will be able to drop in ...
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Article
Manage Health to launch pay-as-you-go EAP
EXCLUSIVE: Manage Health is to launch a pay-as-you-go employee assistance programme (EAP) that aims to help employers save money.The healthcare provider has designed the EAP to provide employers with control over the services they offer staff, so that the money they spend relates directly to theiremployees’ needs.Alyson Fennemore, director at ...
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Article
Home Instead launches discounts scheme
Home Instead Senior Care has launched an employee discounts site for its employees.The site, which is called Home Instead Benefits, is provided by BHSF.The senior home care provider has offered staff at a number of its franchises a health cash plan through BHSF for several years.Kevin Warburton, project manager at ...
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Article
Pay ratio disclosure proposed in US
The Securities and Exchange Commission (SEC) has proposed new legislation that would require public employers to disclose the ratio of the compensation of its chief executive officer to the median compensation of its employees. The legislation would not prescribe a specific methodology for employers to use in calculating a pay ...
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Article
City Link staff to strike over pay and conditions
City Link employees will take seven days of strike action in a dispute over pay, working conditions and a change to contracts.The industrial action, which will take place from 24 to 30 September, is the result of a ballot with 157 drivers and 91 warehouse employees who are members of ...
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Article
Top 10 most read stories this week
Anglian Water launches workplace savings schemeConsultancy charges ban takes effectAfren, Babcock and Immarsat named for ignoring shareholdersJelf Employee Benefits launches auto-enrolment guide for SMEsFirefighters to strike over pension changesJLT Employee Benefits launches pensions white paper36% of employers use provider’s default fundDC pensions charges report dueIs it feasible to globalise a ...
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Article
DOD’s blog: Beware of overburdening employers with pensions
I understand their concern.Except for those big enough to have a human resources department to pick up the pensions detail, the vast majority of employers find any extra requirements a responsibility too far. We, as a country, did this with defined benefit pensions. They started off being relatively straightforward but ...
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Article
Brewery's taste for travel
Something for the weekend…Every Friday, a beer (okay, maybe more than a beer), will be consumed down the pub after a hard working week.But how about earning an incentive trip around the world with the Meantime Brewing Company to learn about and taste some of the world’s best brews. That ...
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AnalysisHow to refresh a flexible benefits scheme
If you read nothing else, read this …The annual enrolment date can be a good trigger for employers to review and refresh their flex offering.A scheme refresh can also be timed for relevant times of the year.Changing benefits structures or providers can be a challenge.Manesh Patel, senior flex consultant at ...