All Employee Benefits articles in Web Issue – Page 815
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Article50 Shades of Grey drives holiday take up
Something for the weekend… Some NHS employees have been encouraged to book their holiday allocation now in order to avoid potentially busier times later in the year.A notice posted in one hospital staff room warned midwives to “book your holiday now” ahead of a rush of births expected nine months ...
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OpinionLovewell's logic: The psychology of reward
But should employers be applying the same principles of behavioural science to motivating staff?According to a report published by the Chartered Institute of Personnel and Development (CIPD) this week, a better understanding of the science behind the impact of pay and reward on employee behaviour could help employers to significantly ...
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Article
HSBC and Dumfries and Galloway Council awarded payroll accreditation
HSBC has been accredited with the Payroll Quality Partnership (PQP) accreditation from the Chartered Institute of Payroll Professionals (CIPP).Dumfries and Galloway Council has also been awarded the accreditation.In addition, the John Lewis Paternship, North Bristol NHS Trust, Shropshire Council, and Armstrong Watson have been re-accredited.A total of 50 organisations have ...
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ArticleCommission must be included in holiday pay
Employers must take commission payments into account when they calculate holiday pay, an employment tribunal has ruled.In the case of Lock v Brititsh Gas, the tribunal ruled that the Working Time Regulations should be read to ensure commission is brought into the calculation for holiday pay in line with the ...
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ArticleTSB Banking Group appoints David Hope
David Hope has joined TSB Banking Group as director of performance and reward.In this role, Hope will be responsible for developing and delivering TSB’s reward strategy.He has joined the bank from Aviva, where he was HR director, group reward. He worked previously at Hay Group as a consultant.
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OpinionJacqueline Reid: Will independent governance committees bridge the governance gap between trust and contract-based pensions?
Following increased government scrutiny of defined contribution pensions, providers of contract-based pension arrangements will have to introduce and maintain independent governance committees (IGCs) from April 2015. These changes apply to personal or stakeholder pensions run by firms regulated under financial services legislation but not to occupational trust-based schemes.In a trust-based ...
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ArticleCross has moved to Equinix
Robert Cross has joined web hosting organisation Equinix as senior reward manager, Europe, Middle East and Africa (EMEA).In this role, he is responsible for developing and implementing reward policies, processes and procedures, as well as managing projects and programmes.Cross previously held roles at Tui Travel as interim head of reward, ...
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ArticleJohnson and Johnson promotes Euan Hutchinson
Euan Hutchinson has been promoted to global process owner, total rewards to pay at Johnson and Johnson.In his new role, Hutchinson will be responsible for ensuring that the organisation’s total reward to pay processes run as optimally and smoothly as possible. This is aimed at enabling its HR team to ...
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ArticleCharles Cotton: How could the general election impact employee benefits?
Although pay is now outpacing the cost of living, it will take a few years more before real earnings are back to their pre-recessionary levels.The idea of a living wage is one reward issue that will come to the fore during the election campaign. This could put pressure on some ...
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AnalysisHow will the changes to childcare vouchers affect staff?
If you read nothing else, read this…From autumn 2015, working parents will be able to sign up to the childcare scheme, which offers 20% of the cost paid by the government.If they are already in a voucher scheme, employees are able to continue using it for as long as their ...
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Case StudiesLloyds Banking Group invests in employees’ parental responsibilities
An internal engagement survey carried out in September 2014, illustrated that 41% of Lloyds’ 88,000 staff have parental or caring responsibilities, so it offers staff benefits that will support their work-life balance.Lloyds offers childcare vouchers to all staff as part of its flexible benefits scheme. In addition, it also offers ...
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AnalysisHow to track the impact of healthcare benefits
If you read nothing else, read this…Employers require accurate and meaningful data to be able to assess the impact of their health benefits.Benefits and HR professionals require analytical skillsets to be able to assess their findings.But it is often difficult to show a correlation between the implementation of a health ...
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Case StudiesBibby Financial Services bolsters flexible benefits to boost retention
But she believes that there is room for improvement, despite beating the exceedingly high 98% target she set herself for 2015. To put this into context, the average flex take-up rate among the financial services industry employer clients of Bibby’s flex consultant, Thomsons Online Benefits, is just 69%.This is because ...
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ArticleA guide to tax-efficient benefits
If you read nothing else, read this. .. There are a number of individual tax rules for all tax-efficient benefits. Changes to pensions and childcare vouchers affect their tax position and how employees take the benefits. New tax rules apply to employee share schemes.There is a growing list of tax- ...
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OpinionBettelley's brooding: Maternity policies are key to retaining top talent
The study of more than 800 business divisions from two employers from the retail and hospitality sectors also found that gender-diverse divisions report better financial outcomes than those dominated by one gender.This is why workplace benefits, such as paid maternity leave, are crucial for employers that want to retain skilled ...
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ArticleBuyer's guide to contract-based defined contribution pension schemes
What is a contract-based defined contribution (DC) pension scheme?A contract-based DC scheme is based on contributions from both employers and staff. It can be a group personal pension (GPP), a stakeholder scheme or a group self-invested personal pension (Sipp).What are the origins of contract-based DC pension schemes?Most new DC schemes ...
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Case StudiesPeel Ports Group creates own governance committee
The committee holds quarterly meetings that include input from its pension scheme provider Aegon, as well as its consultancy Aon Hewitt.There are regular items on the agenda that include ensuring the scheme is run effectively, investment management, administration and scheme performance.It measures all elements of good governance against a score ...
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AnalysisHow to manage employee-benefits-related risk
If you read nothing else, read this…Employee benefits, such as preventative healthcare programmes, can help to mitigate organisational risks such as sickness absence and workplace stress. But benefits can bring their own risks to an organisation around cost, health and safety and regulation.Employers must be aware of all the risks ...
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ArticleVodafone pioneers global maternity policy
With effect from last month, the multinational telecommunications group will offer staff 16 weeks’ fully paid maternity leave to help retain talented and experienced female staff.New mothers will also receive full pay for working a reduced 30-hour week for the first six months after they return to work.The policy, which ...