All Employee Benefits articles in Web Issue – Page 664
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Analysis
How to maximise tax efficiencies through flex
If you read nothing else, read this…Provider selection should be based on track record and benefit take-up support and not administration fee.Employers need to keep track of tax changes throughout the year.Employees need support and advice about how to make their flexible benefits as tax efficient as possible.Carefully select and ...
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Article
New exhibitors at Employee Benefits Live 2013
The lively exhibition that sits alongside the conference will include a number of new exhibitors to Employee Benefits Live.These include: Anthony Hodges Consulting, Axa PPP Healthcare, Barclays, Benenden Health, Broadstone, Cottrills, EnjoyBenefits, HS Admin, ITM, Kenexa, Lorica Employee Benefits, Rewards Direct, Jelf Employee Benefits, Tusker and Wellbeing People.Find out more ...
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Article
Clare Bettelley: Employers must be realistic about flex needs
Organisations can, for example, offer their workforce as many benefits as they like, from the basics, including a pension scheme, holiday, life insurance, childcare vouchers, bikes-for-work schemes and dental and travel insurance, as well as new-style benefits, such as mobile phones and iPads.Multiple enrolment windows are also a consideration, to ...
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Opinion
Martha How: What's next for UK flex?
These standards encompass the 10 key benefits present in most plans: pension, holiday, life insurance, income protection, medical insurance and health screening, childcare vouchers, bikes-for-work, dental, travel and retail cards, plus a compliant salary sacrifice structure, with employer control over funding core benefits and harmonisation of variable terms of employment.About ...
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Article
Average NHS pay up nearly 9% since 2009
The average basic pay for a full-time NHS employee in England stood at £29,543 for the 12 months to June 2013, 1% more than in the 12 months to June 2012 and 8.6% more than in the 12 months to June 2009, according to the Health and Social Care Information ...
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Article
HMRC is top government department for payroll giving
Almost 10,000 HM Revenue and Customs (HMRC) employees donate to charity through their payroll.The UK’s tax authority, which topped a government department table with 9,493 staff donating through a payroll-giving scheme, will be awarded with a Gold Payroll Giving Quality Mark.In July, HMRC published figures that showed payroll-giving donations from ...
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Article
Pg 15 Awards - Employee Benefits Awards 2014 categories announced
[DEBBIE L TO ADD PICTURES ONLINE BEFORE GOES LIVE, ALSO CHECK SPACING AND ADD LINKS FROM CATEGORIES TO AWARDS WEBSITE RELEVANT CATEGORY]The Employee Benefits Awards 2014 categories are:Best staff travel policy:Most effective travel strategy for business and perk car driversBest healthcare and wellbeing benefits – small employerMost effective healthcare and ...
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Article
Buyer's guide to share incentive plans 2013
The factsWhat are Sips and how do they work?Share incentive plans (Sips) were introduced by the UK government in 2000 as a tax-efficient savings vehicle for employees. They can include four types of shares: free shares, partnership shares, matching shares and dividend shares. Employers can give each employee up to ...
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Article
Buyer's guide to group personal pensions 2013
The factsWhat is a group personal pension (GPP)?It is a contract-based pension scheme that is arranged by an employer, but each member holds a personal contract directly with the provider.What are the origins of GPPs?GPPs are 25 years old this year, having been introduced on the back of individual personal ...
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AnalysisKey components of a 2013 travel policy
If you read nothing else, read this…Low-emission cars are increasingly popular in employers’ schemes.Journey planning can help employees use the most cost-efficient routes for their journeys.Fewer employers offer new recruits a fuel benefit.Green agendaLow-emission cars are an increasingly common feature of employers’ travel policies as they strive to reduce their ...
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AnalysisKey points about private medical insurance open referral
If you read nothing else, read this…Some insurers now offer the option to restrict consultant choice for claimants.Exact terms differ significantly between insurers.This approach can reduce costs and improve quality.But claimants unable to access consultants of their choice can be disappointed.Effective communication programmes are essential.Instead of claimants being able to ...
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Opinion
Alastair Kendrick: Employers seek solutions to rising fuel costs
Some of the ideas that are being explored include permitting more home working with better IT capability, which enables employees working at home to Skype/video conference into meetings, removing the need for them travel to the office.Employers may also allow staff that do need to travel in to work to ...
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Article
Tim Wells: How can employers offer benefits to suit all generations?
Supporting numerous generations of employees in the workforce (primarily Traditionalists, Baby Boomers, Generation X and Generation Y) is currently a major challenge for HR professionals globally. One size does not fit all.This becomes particularly evident when offering benefits packages because each generation has different needs and priorities. Organisations looking to ...
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Article
Dr Paul Redmond: How can employers offer benefits to suit all generations?
For the first time in industrial history, five generations are rubbing shoulders with each another in the workplace. They share the same work cubicles, chat together over the same water coolers, and mingle with each other in training seminars and awaydays.But don’t let this apparent multi-generational melting pot fool you. ...
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Opinion
Colin Boxall: One size PMI does not fit all
Bupa’s market share and influence can, arguably, enable it to mould medical insurance thinking more effectively than other insurers.Its bold approach to managing treatment costs, in turn managing client premiums, has been validated to some degree by the recent Competition Commission findings highlighting that hospital costs in some areas should ...
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Article
Confessions of a benefits manager: Seeking pensions answers
Well, that’s no big deal because we have Smarmy Consulting for that sort of thing. Except Big Bad Boss doesn’t want me to ask them. Erm, why not? As our pension-gurus-in-residence, they are the only ones likely to give me that kind of information for free.Big Bad Boss avoids the ...
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Case Studies
LEBC stages early in order to fully understand auto-enrolment
LEBC auto-enrolled 40 employees in its pension scheme on 1 July and so far just one has opted out. It introduced the People’s Pension from B&CE for auto-enrolment purposes, which it offers alongside its existing group personal pension plan (GPP).Glynn Jones, divisional director at LEBC, says: “We have gained experience ...
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AnalysisAuto-enrolment tips for smaller employers from larger firms
If you read nothing else, read this…Employers should be realistic about their auto-enrolment budget.Planning ahead can help avoid potential problems.Postponement can give smaller employers breathing space.More than half (55%) of employers that responded to Employee Benefits/Capita Pensions Research 2013 and have auto-enrolled their workforce recommend that smaller employers start planning ...
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Opinion
Lynn Graves: Which pension scheme is right for auto-enrolment?
With auto-enrolment well under way, for the first time every employer must offer a pension scheme to staff. As we venture through the next few years, many small to medium-sized organisations are considering workplace pension provision for the first time, raising some challenging questions about the type of scheme to ...
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Case Studies
Axa supports staff with travel benefits
The organisation also offers staff a cash allowance towards the cost of a car for those that need it for work, as well on those at a particular employee grade in the organisation.As well as the car scheme, Axa offers staff a range of travel-related benefits, including bikes-for-work through its ...