All Employee Benefits articles in Web Issue – Page 711
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Article86% of employers offer childcare vouchers via flexible benefits
This means that childcare vouchers are the perk that most employers offer, although this benefit does tend to see low take up among employees. Generally, tax-efficient benefits are commonly offered because of the income tax and national insurance (NI) savings (both for employers and employees) that these can bring. This ...
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ArticleEmergency eldercare fastest-growing flexible benefit
Currently, this benefit is offered by just 9% of respondents to the survey. However, a further 10% of the total sample plan to add it to their flex plans.Other predicted fast-growing benefits include salary sacrifice cars, gadget insurance and low-emission cars. These are all expected to be offered by double ...
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ArticleSalary sacrifice cars to see big growth in flex
Some 22% of respondents plan to add this perk to flex, while 10% of employers plan to add low-emission cars to their plans.Some 18% of employers currently offer salary sacrifice cars and 11% of employers currently offer low-emission cars through their flex plans. Dining cards, such as Tastecard and Gourmet ...
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Article
Debi O’Donovan: Is HR ready for age management?
However, for many years industry, government and pensions trusts got their forward projections wrong. Once the longevity numbers were corrected, it has been (and still is) incredibly hard to adjust to this new world order.So, I wonder, is HR equally head-in-the-sand about what is really going to happen as the ...
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AnalysisThe impact of an ageing workforce on a benefits strategy
If you read nothing else, read this…Older employees may choose to work because they enjoy their job, not because they can’t afford to retire.An ageing workforce requires employers to rethink the make-up of their benefits.Workforce planning should be about employees’ skillsets, not their age.Employees aged over 50 make up 27% ...
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AnalysisTop pension lessons from other countries
If you read nothing else, read this… Too much investment choice can confuse employees.A mandatory defined contribution (DC) environment with centralised administration can help keep pension charges low.A move to collective DC plans from defined benefit (DB) schemes in the UK would not be a gradual change.Ian Neale, director of ...
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Article
Employers must support staff with mental health issues
Its Mental health and work: UK report made a series of recommendations, including that employers should get much more involved in supporting employees with mental health issues.Dame Carol Black, expert adviser on health and work at the Department for Health, said: “Of all the messages that I take from that ...
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Article
Employee Benefits magazine – March 2014
In this issue we announce the Employee Benefits Hot 100 benefits managers for 2014. You can read all about these movers and shakers in the benefits industry in Hot 100 on page 21.As the UK’s workforce ages, employers will have to reassess their benefits strategies to meet employees’ changing needs. ...
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ArticleIntergenerational pay gap grows 50%
The pay gap between the over-50s and under-21s has grown by 50% in the past 15 years, according to a report by the Intergenerational Foundation.Its Squeezed youth: the intergenerational pay gap and the cost of living crisis report, which analysed government data, found that wages for those aged between 18 ...
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ArticlePay growth does not secure staff retention
There is little evidence that countries with high real-wage growth (salary increases minus inflation) are able to use that to secure higher levels of employee retention, according to research by Towers Watson.Its General industry compensation survey report found that, in 2013, the highest levels of employee attrition (the percentage of ...
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ArticleMore prizes to be won at Employee Benefits Connect
Delegates who vist Employee Benefits Connect will have the opportunity to win a range of prizes from exhibitors.At the event, which will be held at the Park Plaza Westminster Bridge Hotel in London on 27 February, delegates can fill in questionnaires or simply drop off a business card to be ...
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Case StudiesThe employee benefits offered by law firm Withers to its staff
The law firm reviewed its benefits and providers and conducted a staff survey in 2013 to ensure staff would be engaged and enthused by the offering.PensionA group personal pension in which Withers matches employee contributions up to 5%HealthcareLife assurance is employer-funded and available at four-times salary, up to £750,000, which ...
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Article
TFL recognises tube strike volunteers with vouchers
Transport for London (TFL) will recognise employees who volunteered to work during the industrial action on 5 and 6 February with a £25 high street gift voucher.The vouchers are part of TFL’s recognition scheme through which managers can nominate employees who have gone above and beyond their normal duties. They ...
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Article
Lorica and MacMillan Cancer Support discuss cancer in the workplace at Employee Benefits Connect
How to deal with cancer in the workplace and support employees will be the focus of a session at Employee Benefits Connect. Charles Alberts, senior consultant at Lorica Employee Benefits, will lead a session titled Dealing with cancer in the workplace: support and care for staff as patients and carers, ...
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Ladbrokes to link exec bonuses to responsible gambling
Ladbrokes is to link executive bonuses to its clampdown on problem gambling.In its Preliminary results for the year ended 31 December 2013, the bookmaker stated it will establish a committee, which will report to the main board, to oversee a formalisation of a number of responsible gambling performance measures into ...
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ArticleHR increasingly keeps flex savings for its own projects
This is in line will with this research conducted over the past six years.However, the proportion of respondents that are keeping any savings within the HR department has increased steadily over the years. The proportion that keep the savings to fund other HR initiatives has now grown to 9%, from ...
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Case StudiesLloyd’s Register to centralise global mobility service
Selina Jones-May, head of global mobility at Lloyd’s Register, started the process in April 2013 and has been process-mapping all of the global mobility function.An integral part of the process was to obtain approval from the organisation’s executive committee by submitting a robust business case, which included models of the ...
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OpinionCarl Redondo: Reaping the rewards of global benefits governance
Corporate governance of employee benefits is becoming increasingly important for multinational organisations.The key drivers and enablers of this governance focus are: better access to global data and information about the organisation; the increasing significance of non-domestic businesses; the desire to optimise the cost of providing employee benefits; and minimising the ...
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ArticleGrow your career with the Employee Benefits Academy
Reward and benefits managers looking to develop their career or grow their compensation and benefits knowledge could benefit from 2014’s training courses from the Employee Benefits Academy.A joint venture between Employee Benefits magazine and Total Reward Academy, the Employee Benefits Academy provides expert, practical training in benefits and compensation management.The ...