All Employee Benefits articles in Web Issue – Page 804
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Supplier article
Defensive lines for pension savings
New pension freedoms safeguardsIn late January, the Financial Conduct Authority (FCA) proposed some new safeguards to help savers avoid making poor (or potentially disastrous) decisions under the new pension freedoms that come fully into force on 6 April 2015. The new freedoms will effectively allow savers aged over 55 to ...
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ArticleNest CEO to stand down
Nest has confirmed that it has begun the recruitment process for a new chief executive offcer following Tim Jones’ (pictured) decision to stand down at the end of 2015.Jones is leaving to develop a global digital money product in 2016.Otto Thoresen, chair of Nest, said: “As the first chief executive ...
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ArticleEmployers spend less on benefits
The number of employers spending over 20% of employees’ salary costs on workplace benefits has dropped from a third in 2014 to a quarter this year, according to a study from Towers Watson.Just over a quarter (29%) of employers spend 11-15% on benefits, according to the study.The annual Benefits HealthCheck ...
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ArticleAmey recognition scheme boosts corporate values
EXCLUSIVE: Amey’s employee recognition scheme has helped to drive internal awareness of the organisation’s core values.The public and regulated services provider’s scheme, called Stars and provided by Red Letter Days for Business, has also increased staff motivation with the organisation.The number of reward cards sent to employees has increased month ...
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ArticleTop 10 most read stories this week
The top 10 most read stories on employeebenefits.co.uk from 5-12 February 2015:1. Winners of the Corporate Adviser Awards 2015 announced2. Carlsberg UK revamps employee benefits package3. Lloyds Banking Group offers enhanced parental leave4. Co-Operative Group to roll out loan for home rental deposits5. Police sting stress with beehive operation6. Government ...
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ArticleConfessions of a benefits manager: Candid cleans up pensions data
There isn’t a mail-out we send without Smarmy cautioning us that the addresses are incomplete, nor a valuation made without it saying the birth dates look to be inaccurate.Our old administrators, Hugely Expensive Consulting, washed their hands of the issue. It says the data was perfectly good when it handed ...
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ArticleEnd-of-year bonus paid in pigs
Something for the weekend…Most often than not, end-of-year bonuses have some form of monetary value be that gift cards or a cash bonus to reward employees.But this wasn’t the case for one Chinese real estate firm which decided to think outside of the box as part of its Chinese New ...
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ArticleRandstad rewards staff for 2014 performance
Randstad has awarded a number of its UK employees for their performance in 2014.The recruitment and HR services provider awarded employees through its reward and recognition scheme during each quarter of 2014, with employees across every business line of the organisation awarded a cash prize of £1,500.Its High Performance Awards ...
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ArticleMicrosoft to look beyond digital age at Employee Benefits Connect
Microsoft will discuss how to look beyond the digital age in the workplace, and why we should do so, at the closing keynote of this year’s Employee Benefits Connect.The session, ‘The rise of humans: how to outsmart the digital deluge’, will be led by Dave Coplin, chief envisioning officer of ...
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Article69% plan pay rise of 2% or more in 2015
More than two-thirds (69%) of private sector employers expect to increase their basic pay award by at least 2% in 2015, according to research from the Chartered Institute of Personnel and Development (CIPD).This comes as 39% of staff experienced a pay freeze in 2014, highlighting an increasing pay divide between ...
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ArticleAgeing workforce a focus at Employee Benefits Connect
Employers have to think more strategically about how to adapt their workforces to take on the challenges presented by the ageing workforce.Speaking in a session titled ‘The impact of the ageing workforce’ at Employee Benefits Connect on 4 March at the Lancaster London, Dr Bernard Casey, principal research fellow at ...
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Case StudiesWolseley UK identifies online portal provider
Prior to launching its online portal, which is provided by Benefex, the organisation identified up to 10 providers it thought would be suitable to offer a flex platform for its 6,200-plus employees.The chosen providers were given one hour to present their product. Neil McCawley, head of reward, benefits and policy ...
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AnalysisTop tips on how to choose an online benefits portal
If you read nothing else read this… Prior to selecting an online benefits portal, employers should look at the market options.They should also work to negotiate competitive deals with existing providers.Make a plan the portal should achieve before conducting a tender.Key aspects for employers to think about are accessibility and ...
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Supplier article
Strong dollar can be a powerful driver of UK dividend growth in 2015
LinksClick here to read the full article
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ArticleSee top speakers at Employee Benefits Connect
Other speakers include Tobin Murphy-Coles, commercial director at Aon Benefit Solutions, speaking on Financial wellbeing to suit a multi-generational workforce, Jabbar Sardar, director of human resources and organisational development at Cafcass, speaking about Building a holistic employee wellbeing strategy, and Guy Roberts, director at Novalease, SG Fleet UK, who will ...
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ArticleEmployee Benefits Winter School launches tomorrow
Employee Benefits will launch its first Winter School video for reward, benefits and HR professionals tomorrow (18 February).The series of short videos will allow benefits professionals to brush up their knowledge on the latest trends and key changes in different benefits areas.Benefits experts from leading suppliers will run the educational, ...
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Supplier article
Feeling flat as a pancake about the changes to pensions legislation?
Deciding the extent of flexibility to offer within your scheme requires precise engagement with members to ensure the options available are clear, chosen with due care and limit the member’s exposure to any unintended consequences. So how can trustees sensibly approach April 2015 to provide flexibility that members will understand ...
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OpinionNicholas Stretch: All change for UK tax of expat employee share awards
From 6 April 2015, the UK taxation and national insurance contributions (NIC) treatment of share option gains and other employee share awards held by internationally mobile employees is changing.The new treatment affects options and awards already granted because it applies regardless of when options or other awards were made, and ...