All Employee Benefits articles in Web Issue – Page 831
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Supplier article
Greece may appear to be in Dire Straits, but Europeans can still be ‘Brothers in Arms’
By Thomas Laskey, Pan-European Fixed Income Investment Manager, AberdeenThe popular German view of their relationship with Greece revolves around the seemingly never-ending financial support they have begrudgingly extended to the country. It is easy to see why Germans think the Greeks are irresponsible. No matter to German Finance Minister Schaeuble ...
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AnalysisHow to use wellbeing initiatives to boost employee engagement
Key pointsA workplace culture focused on wellbeing can help to boost employee engagement.A strong visual brand and communication strategy designed to increase awareness across large workforces is key to engaging employees. Line managers play an important role in supporting staff to cope with everyday pressures effectively and, consequently, boosting engagement ...
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ArticleBuyer's guide to computer salary sacrifice
The factsWhat is a computer salary sacrifice scheme?An arrangement whereby an employer buys a computer from a computer scheme provider and then loans it to an employee, typically via a flexible or voluntary benefits scheme. The employee repays the cost through their gross pay.Where can employers get more information?Information about ...
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AnalysisJohn Mayor: How data can create a health and wellbeing strategy
Key points Data mining can help shape employers’ health and wellbeing strategies. All data-mining exercises require a clear objective to help provide meaningful results. Objectives will differ according to each stakeholder. Because our whole business is about health, we really wanted to translate our external ‘Health through food’ mission to ...
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AnalysisThe increase in popularity of home technology employee benefits
Key pointsHome technology:Offers the latest consumer technologyHas a wide appeal to entire workforceEngages staff in benefits programmesImproves IT literacy across workforceIs a highly perceived, easily accessible benefitThere is a constant desire to offer new and innovative benefits to drive employee engagement. One strategy that has seen proven cross-generational participation and ...
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ArticleHigh Court dismisses appeal against BBC pensionable pay cap
The High Court has dismissed an appeal against the BBC after the organisation imposed a 1% cap on increases in pensionable salary in a bid to reduce its defined benefit (DB) pension schemes deficit.In the case of Bradbury v British Broadcasting Corporation, the High Court ruled that the BBC conduct ...
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ArticleGoldman Sachs pays largest directors' bonuses
Goldman Sachs, Morgan Stanley and Bank of America Merrill Lynch paid the largest bonuses to directors in 2015, according to research by salary benchmarking site Emolument.com. Its analysis of 2015 salary data from 189 front office directors working in London investment banks, found that Goldman Sachs paid its directors an ...
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Analysis
14: Motivation in numbers
4,044: Southeastern employees rewarded for their professionalism with £25-worth of shopping vouchers. bit.ly/1G2DDSl 12%: the percentage by which business-to-business gift-card and voucher sales grew in the fourth quarter of 2014 (The UK Gift Card and Voucher Association, date needed) (UKGCVA)8 percentage points: the amount E.On has improved on its employee ...
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Opinion
05: What are employers' legal responsibilities when offering group risk benefits?
Most GIP policies will provide cover until retirement or a return to work, whichever is sooner, often at 50% or 75% of then current salary. Almost all potential legal problems can easily be avoided by appropriate contractual drafting.Avoiding costly errors in group risk provisionThe most costly error that employers can ...
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ArticleGroup risk report 2015
Smooth transitionHow do employers help staff return to work following cancer treatment?Group risk benefits in numbersA round up of the latest facts and figures around group risk benefits.Jim Lister: How almost all group risk legal problems can be avoidedAppropriate contractual drafting must be ensured.Where should group risk benefits sit in ...
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AnalysisAre group risk benefits relevant to younger employees?
If you read nothing else read this…Benefits are more relevant to younger employees than they realise.Blanket group risk communications skew relevance.Younger employees getting a mortgage need insurances as a collateral for lenders to see.Technology can help improve employee perception of the relevance of group risk benefits.A large proportion of this ...
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OpinionClosing the digital gap
We are being bombarded by digital innovation, 365 days a year. Following a spate of ‘must-have’ apps appearing for consumers, group risk providers as a whole could still be missing one vital digital trick.Digital is everything. The internet has changed the world, and there is a world of online potential ...
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AnalysisTop tips on how to cut the cost of group income protection
If you read nothing else, read this…The design of group income protection (GIP) schemes can be tweaked to provide a valuable benefit but at a cheaper price for employers.Using added-value services can save money on the cost of providing the benefit.The benefit should be promoted to staff to ensure a ...
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AnalysisGroup risk in numbers
24%: the percentage of employees that would like to receive income protection, but currently only 6% do (Source: Canada Life Group insurance, May 2015) bit.ly/1R6eg3R1,529: the number of employees that were successfully rehabilitated back into work in 2014 with support from an insurer (Source: Group Risk Development [Grid], May 2015) ...
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Supplier articleTop 10 most read stories this week
The top 10 most read stories between 21-28 May on employeebenefits.co.uk:1. Queen’s Speech confirms legislation on tax and NI2. Government to press ahead with pensions agenda3. Tesco introduces bonus clawback measures4. How to get buy-in from the finance director for flexible benefits5. Football managers advised to eat broccoli to combat ...
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ArticleBenefits suitable for the Starship Enterprise
Something for the weekend… If you have ever longed to work on Star Trek’s Starship Enterprise then look no further as online game developer NetDragon Websoft has built its headquarters in China in the shape of the legendary spaceship.The six-story building in the country’s south-east Fujian province is about 850 ...
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OpinionLovewell's Logic: Where should the boundaries lie for wearable technology?
For two weeks, she will be kitted out with gadgets in a bid to determine whether the personal data these generate is actually useful to managers, as well as the impact on employees’ lives.There is no doubt about it that wearable technology is set to become more common among members ...
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ArticleOvo revamps flexible benefits scheme
EXCLUSIVE: Ovo has revamped its flexible benefits scheme for its 700 employees, in order to reflect its values and reward philosophy.The energy firm’s new online benefits strategy ‘My Rewards’, which uses Thomsons Online Benefits’ Darwin software, was introduced to better cater to its workforce which has doubled in size due ...
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ArticleDebra Stephenson to host Employee Benefits Awards
Actress and impressionist Debra Stephenson will host the Employee Benefits Awards 2015.During her career, Stephenson has had a successful run on talent show Opportunity Knocks, presented on Blue Peter, and is one half of The Impressions Show together with Jon Culshaw.She also played long-running character Shell in ITV’s Bad Girls ...
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ArticleNext generation of retirees expect to be £3,000 a year worse off
The next generation of retirees, those aged 45-to-55 years old, expect to be worse off in retirement by a fifth (18%) compared to those leaving the workplace in 2015, according to research by insurer Prudential.Its research, which surveyed more than 1,000 people, found that respondents in the 45-to-55 age group ...