All Employee Benefits articles in Web Issue – Page 785
-
Article66% say costs rose post auto-enrolment
Two-thirds of respondents (66%) that have measured the impact of auto-enrolment within their organisation say compliance has increased their costs, according to the Employee Benefits/Close Brothers Pensions research 2014, which surveyed 216 respondents in September 2014.Overall, 60% of respondents have measured the impact of auto-enrolment on their organisation. A further ...
-
ArticleLloyds Banking Group staff to receive back pay
More than 10,000 former and current Lloyds Banking Group employees are to receive hundreds of pounds in back pay after the bank denied employees a pay rise.Employees are being awarded the payments after a long-running dispute over contracts that staff were asked to sign following the merger of Lloyds TSB ...
-
Supplier article
Johnson Fleming reaches finals shortlist at UK Customer Satisfaction Awards
Judged by industry experts, business leaders and academics, the award ceremony provides recognition to organisations and individuals that have achieved an excellent standard of customer service through the successful implementation of customer-focused initiatives.Johnson Fleming is competing in the ‘Customer Focus Awards — SME’ category. Finalists in this area have demonstrated ...
-
ArticleNHS workers strike over pay
Health workers including midwives, nurses, paramedics, radiographers and cleaners are taking further industrial action over pay.Trade union members will walk out for four hours today (24 November) between 7am and 11am.The strike action is taking place after the government rejected a 1% pay rise recommended by an independent NHS pay ...
-
Article31% have not heard of pension charge cap
Nearly a third (31%) of respondents have not heard of the pensions charge cap that will come into force in April 2015 or have not been informed of this by their provider or adviser, according to research by Close Brothers Asset Management.Its Business barometer survey, which questioned more than 900 ...
-
ArticleCaring Homes Group launches voluntary benefits plan
Caring Homes Group’s Deer Park View care home, Teddington.Caring Homes Group has launched a voluntary benefits scheme for more than 5,000 employees.Since the care home operator introduced the scheme, provided by Personal Group, earlier this month, more than 25% of employees have taken it up.The benefits available via the scheme ...
-
AnalysisTop tips for choosing a flexible benefits provider
If you read nothing else, read this…Treat the assessment of flex providers like an interview. Do not be afraid of asking for detailed information about the organisation and its track record.The technology behind a flex scheme has to deliver on all an organisation’s business objectives, with scope for future growth ...
-
AnalysisMotivate staff with a benefit that appeals to all
There aren’t many benefits that will appeal to the whole workforce. But technology products, offered through a flexible or voluntary benefits scheme via a salary sacrifice arrangement, are likely to appeal to everyone at some point. After all, most people today own a mobile phone, tablet or laptop.So, why haven’t ...
-
ArticleUniversity of Chichester implements wellbeing programme
The University of Chichester has launched a wellbeing programme for its 650 employees.The university’s Jump programme, which is provided by Green Rewards, is based on a modular system to engage staff and reward for taking positive steps to improve their wellbeing.Those who register will be placed in teams by department ...
-
ArticleAbolition of compulsory annuitisation most beneficial reform
Nearly two-thirds (63%) of respondents believe that the abolition of compulsory annuity purchase will be the most beneficial of the government’s pension reforms for their workforce, according to the Employee Benefits/Close Brothers Pensions research 2014, which surveyed 216 respondents in September 2014.More than half (53%) of respondents believe the incoming ...
-
Supplier article
What last month’s shake-up means for bond markets
This autumn has been a turbulent time for bond markets, but in the aftermath of recent volatility opportunities have emerged.Short duration positions are likely to remain the preferred bias for the Insight fixed-income team given the recent volatility in markets, as the desk focuses on short-term risk management.The team is ...
-
Supplier article
Goldilocks is dead, says Newton’s Nick Clay
While many investors believe Goldilocks is back and is looking prettier than ever, we couldn’t agree less, says Nick Clay, portfolio manager, Newton’s Global Higher Income team. Indeed, now is the time to focus on quality and capital preservation.Despite recent market wobbles, the consensus view suggests all is still rosy. ...
-
Supplier article
Stock ideas in an online bloodbath
In a harsh environment for retailers, compounded by the lacklustre growth in consumers’ disposable incomes, there are some companies benefiting from the disruption caused by the internet to traditional business models, says Nick Clay, alternate manager in Newton’s Global Higher Income team.Rising online sales were credited with improving profits at ...
-
ArticleSimon Naylor: Has flexible benefits had its day?
There are numerous examples of organisations making use of flex to deliver tactical solutions, such as lower administration costs or to manage benefit complexity.In the Travis Perkins Group, we think flex has the potential to be more, to be part of a broad employee value proposition (EVP).Our own journey started ...
-
ArticleSodexo acquires Motivcom
Sodexo has acquired incentive and recognition provider Motivcom, which owns P&MM, AYMTM, Allsave, Filmology and The Voucher Shop.The acquisition will enable Sodexo to offer a more comprehensive and global proposition to employers of all sizes, aiming to provide a strategic relationship and stronger partnerships with its employer clients.Sodexo will now ...
-
AnalysisThe pros and cons of different benefits team structures
If you read nothing else, read this…Technology and a desire to optimise cost efficiencies are key drivers of centralisation programmes.Centralised structures can facilitate a more focussed, company-wide vision and foster departmental teamwork.Downsides include issues around organisational agility and staff development, and the potential for regional staff to feel sidelined. Many ...
-
Case StudiesCafcass restructured benefits team to aid engagement
Until around two and a half years ago, 80% of the employer’s benefits resource was focused on employee relations, which dealt with case work, discipliniaries and sickness absence. But the structure was inefficient in resolving employee issues and resulted in the Office for Standards in Education, Children’s Services and Skills ...
-
ArticleTesco appoints Nik Butcher
Tesco New Food Experiences has appointed Nik Butcher reward manager.Butcher specialises in creating and implementing flexible contracts, benefits plans and reward strategies within the logistics industry.He worked previously for Home Retail Group, British Sugar, Kao Group and Ceva Logistics.
-
ArticleRSA Group promotes Lorna Benton
RSA Group has promoted Lorna Benton to the role of group reward director, which she will undertake in addition to her existing role of head of reward for the UK region.Benton joined RSA’s reward and benefits department in 2010 and after 2011 her role expanded to cover reward, pensions and ...
-
Supplier article
Jelf partners with SBC Systems to develop Personify online benefits hub
Personify has been designed to meet the increasing demands of employees, HR departments and management by consolidating all benefits data in one web-based platform, enabling all parties to make better-informed decisions.Personify is focused on delivering a highly personalised solution for each employee and is modular so it can grow with ...