All Employee Benefits articles in Web Issue – Page 665
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AnalysisHow to strike the right balance of risk in default investment strategies
If you read nothing else, read this…After auto-enrolment, the regulator is becoming increasingly involved in the investment range and default funds on offer in workplace pension schemes.Most schemes use lifestyle funds, some of the traditional weaknesses of which can be overcome by using diversified, and often highly active, multi-asset investment ...
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Case Studies
BMI Healthcare decides on new default investment strategy
BMI Healthcare has long operated a Friends Life defined contribution scheme for its 9,500-strong workforce, but the advent of auto-enrolment and the prospect of increased membership prompted the trustees to review its investment strategy in relation to the default fund.Anne Woolcott, head of employee relations and HR compliance at BMI ...
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Case Studies
North Yorkshire County Council boosts green credentials
The scheme, provided by Tusker, allows staff to take up a car through a salary sacrifice arrangement, enabling them to save on tax and national insurance.John Robinson, benefits and reward consultant at North Yorkshire County Council, says: “We introduced it as a green car scheme, partly due to the fact ...
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Article
Pension charges cap will lead to transparency
A report from the Office of Fair Trading (OFT) on its investigation into defined contribution (DC) pension schemes, which is also expected to include a recommendation for a cap on charges, was due to be published soon after Employee Benefits went to press. (The report was subsequently published on 19 ...
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Analysis
Top luxury company car models with low carbon dioxide emissions
If you read nothing else, read this:Tax breaks are encouraging employers to offer low-emission cars in their fleets.Luxury car makers are producing models that fulful green requirements.It is important for employers to consider a car’s whole-life costs.Demand for electric cars remains low, but is expected to rise.But carbon dioxide (C02) ...
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Analysis
Key considerations for salary sacrifice car schemes
If you read nothing else, read this…A car salary sacrifice policy may include an early termination fee to be paid by the employee.Employers can add a premium to cover any exit penalties.Employers are obliged to continue to offer the same level of benefits to staff on maternity or paternity leave.But ...
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Article
Debi O'Donovan: You can only motivate staff face-to-face
As I made my way round the conferences, press briefings and employer meetings trying to absorb all things HR and benefits as quickly as possible, I learned that the psychological contract is the unwritten set of mutual beliefs, perceptions and informal obligations between employer and staff.It is all the stuff ...
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Article
Employers need to target different generations with financial education
According to the report Talking about my generation: exploring the benefits engagement challenge, published in September by Barclays Corporate and Employer Solutions (C&ES) and Dr Paul Redmond, director of employability and educational opportunities at Liverpool University, 53% of Baby Boomers prioritise saving for retirement, while 41% of Generation X are ...
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ArticleFollow the chat at Employee Benefits Live
More than 2,000 visitors, including benefits, reward and human resources managers, are expected to attend Employee Benefits Live, which is now in its 15th year.Employee Benefits Live takes place on 25 and 26 September at the National Hall in Olympia, London.The Employee Benefits team will be reporting from what is ...
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Case StudiesOne Housing Group offers staff accommodating benefits deal
About 40 employees took part in a three-day strike in June in response to the social housing organisation’s plans to slash pay for around 200 care staff by an average of £2,000 a year, from next February. The strike followed 22 months of consultation.The pay-cut announcement was a hard pill ...
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AnalysisHow consumer attitudes are affecting benefits strategies
If you read nothing else, read this…Employers are interested in applying consumer marketing techniques to their organisation. Consumer marketing involves tracking and analysing consumer behaviour, attitudes and preferences, and using this data to shape marketing strategies and advertising campaigns.There are dangers involved if employee data is misused.But Target’s sophisticated marketing ...
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Opinion
Peter Nuttall: Happy staff equals happy customers
Yet, employee engagement remains one of the three top challenges facing organisations.It is important that employees are treated as customers, sovereign within an employer’s internal marketing efforts and crucial to the delivery of an organisation’s promise to its external consumers. Underestimating the emotional bonds employees desire to have with the ...
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Case Studies
Eli Lilly links voluntary benefits and recognition
Voluntary benefits programmes, which offer employees discounts and savings on their everyday shopping, can drive significant levels of engagement. We have seen that employees are attracted to these small perks, be it 5% off a Sainsbury’s grocery shop or discounts at Topshop, because they deliver a real benefit with savings ...
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Opinion
Jamie Jenkins: Auto-enrolment tips from large employers
At school, we often blamed the fictitious ‘big boys’ for everything that happened. With auto-enrolment, we will be glad the big employers did it first, and instead of blaming them, we’ll learn from them.First things first, though: let’s state some obvious ground rules. Employers come in all shapes and sizes, ...
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Article
Venture Capital Platform to launch savings scheme for high earners
EXCLUSIVE: The Venture Capital Platform is to launch a workplace savings scheme that aims to offer high earners an alternative to a pension scheme.The investment-linked scheme, which will be launched at Employee Benefits Live on 25 and 26 September, has been developed in light of the government’s changes to the ...
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Article
Evans Cycles to change end-of-hire process for bikes
EXCLUSIVE: Evans Cycles has changed the end-of-hire process for its bikes-for-work scheme.Employers will no longer be required to pay a nominal buy-back fee at the end of the scheme. The changes also provide employees with a free no-deposit continuation option.Mark Brown, head of business-to-business services at Evans Cycles, said: “It ...
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Article
Santander and Allianz promote National Work-Life Week
Barclays, Allianz, National Grid, Santander UK and University Hospitals of Leicester NHS Trust are among the employers promoting National Work-Life Week, from 23 to 27 September, to staff.Barclays is to run a week of activities focused on flexible working, including workshops for managers and a panel debate at the end ...
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Article
Royal Mail amends DB pension proposals
Royal Mail Group has amended the proposed reforms to its defined benefit (DB) pension scheme.The changes were announced to staff on 6 September, following a consultation with members of the Royal Mail Pension Plan, which began on 21 June and concluded on 25 August 2013.Under the amendments, promotional increases to ...
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Article
Employee Benefits magazine - October 2013
Emerging from a tough year that included industrial disputes, One Housing Group has stepped up to unify its reward offering. Find out how they did it in Building Harmony (page 56).Open referral crept into our private medical insurance lexicon a few years ago, but what does it really mean for ...
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ArticleMotivation report 2013
Read the digital version of the Motivation 2013 supplement.The report includes the following articles:The motivational impact of sports and social clubsMcDonald’s Restaurants built on motivationEli Lilly links voluntary benefits and recognitionMotivational sporting events to follow in 2014How to run a global recognition schemeHow to run legally-compliant long-service award schemesRead the ...