All Employee Benefits articles in Web Issue – Page 880
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Supplier article
Flexible healthcare plans to replace historic defined structure
Employers are predicting a more flexible future for employee healthcare plans, according to new research we have recently carried out. Taking an analogy from the world of pensions, 55 per cent of employers believe that today’s structured and fully-funded comprehensive, defined benefit-style of health plans will be replaced by a ...
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Supplier article
Fit for Work: An image problem?
As we have mentioned here before, the new Fit for Work service is now available right across England and Wales.The aims and objectives of this important new service can be best summed up by the below from the Fit for Work website: “Fit for Work is a Government-funded initiative. Fit ...
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OpinionPeter Roberts: Cutting costs not corners
Flexible benefits have long been seen as playing a vital role in employee engagement. It is arguably one of the keys to unlocking productivity, as well as attracting and retaining talent.The reduction in pension commission is coupled with continuing pressure on health insurance costs, an increasingly competitive market for talent ...
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Case StudiesInterfleet keeps flex costs low with increased staff engagement
International rail consultancy Interfleet keeps the cost of providing flexible benefits low by ensuring that it gives staff what they want.The organisation, a member of the SNC-Lavalin Group, benchmarks its flex package and its 480 UK employees’ engagement with this, using the Great Places to Work questionnaire. In 2014 responses ...
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AnalysisHow to cut the cost of flex without cutting corners
If you read nothing else, read this… It can be tricky for employers to find the balance between overspending on flex and not offering suitable benefits. Employers can utilise technology to enhance their flexible benefits. Flexible benefits reviews can help organisations ensure their benefits package remains competitive.Cost is often cited ...
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ArticleThe month in numbers: October 2015
A round-up of some of October's stand-out facts and figures relating to employee benefits: 1%: Eligible Royal Mail employees were gifted a 1% share in the organisation as the government completes the sale of its 13% stake. 29% of jobs for women in the UK paid less than the living ...
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AnalysisGroup risk trends at a glance
Key points: As big data rises up the agenda, a uniform approach towards data gathering and sharing will enable employers and industry to make the most effective use of the insights it can offer. Services that support the changing needs of employees throughout their working lives could help to address ...
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ArticleTullow Oil appoints Machin
Tullow Oil has appointed John Machin group head of reward.Machin joins the oil exploration and production organisation from William Hill, where he was head of reward and engagement.Prior to this, Machin was global head of compensation and benefits at Misys.
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ArticleButcher links up with Poundland
Nik Butcher has joined Poundland and Dealz as head of reward.Moving from his role of reward manager at Tesco New Food Experiences, Butcher has also held roles as total reward manager, Europe, Middle East and Africa, Kao Group, and reward manager at RS Components.
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ArticleEY appoints Glendinning as reward manager
June Glendinning has been appointed reward manager at EY.Prior to joining the professional services organisation, Glendinning held the positions of compensation and benefits manager, and business service centre HR manager, at global tobacco firm JT International.
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ArticleCorey joins Reward Gateway
Debra Corey has joined employee benefits provider Reward Gateway as group reward director.Her brief will include developing the firm's own reward strategy.Corey has held roles at Page Group, Merlin Entertainments, Quintiles, Morrisons, Honeywell and Gap.
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ArticleMckenzie is with Southern Co-operative
Janet Mckenzie has been appointed reward and performance manager at The Southern Co-operative.Mckenzie joins the regional co-operative business from B&Q where she was reward manager.Prior to this, she was international reward, policy and mobility manger at the Body Shop.
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Supplier article
Beware of expat maternity costs
The subject of expatriate maternity packages is a complicated one and can leave both employers and individuals with many questions. With the cost of having a child varying greatly around the globe, as well as the standard of healthcare and the coverage from International PMI, this issue of pregnant employees ...
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Supplier article
Pensions auto-enrolment arrests
Earlier this month we highlighted that the number of enforcement notices and fines for non-compliance with auto-enrolment duties was starting to climb rapidly. That post can be read here.If that were not enough to convince employers of the need to comply with the new pension rules then this story most ...
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AnalysisWhy employers should communicate the value of group risk benefits to staff
Need to know: Communicating group risk benefits can drive appreciation and engagement with the benefit It can raise awareness of how staff can use the benefits for key life events Employers can use communication materials offered by their group risk insurance providersWith the state welfare purse strings drawing ever tighter, ...
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Article77% say it is employers’ role to support pension scheme members
Over three-quarters (77%) of respondents believe it is the role of employers to communicate with, educate and support staff who are members of their pension scheme, according to research by Aon shows.Its DC survey 2015, which is based on 330 responses from pension scheme managers, trustees and sponsors, found that ...
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ArticleWiggins Teape scheme agrees pension buyout
The Wiggins Teape pension scheme, established for UK employees of paper manufacturers Wiggins Teape and Arjo Wiggins Appleton, has entered into a £400m buyout arrangement.The £400m bulk annuity transaction with Scottish Widows covers around two thirds of the pension scheme’s liabilities for the 4,000 members of the defined benefit (DB) ...
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ArticleEXCLUSIVE RESEARCH: 7% to be unaffected by pension allowance changes
Some 14% of respondents expect the April 2016 reductions in lifetime and annual allowances to affect a significant number of staff, according to the Employee Benefits/Close Brothers Pensions research 2015.From April next year, the annual allowance for those earning more than £150,000 a year will be tapered down to a ...
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ArticleEllen Broome: Should shared parental leave be extended to grandparents?
The short answer to this is yes. In the Family and Childcare Trust’s research Improving our understanding of informal childcare in the UK, published in July 2012, we called for grandparents to be given the right to share maternity leave and we are delighted the government has listened and announced ...
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ArticleDenise Keating: Should shared parental leave be extended to grandparents?
The government has announced that it intends to extend the right to take shared parental leave (SPL) to grandparents in the child’s first year. The policy of SPL for the mother’s partner was initially pushed for by the Liberal Democrats in coalition in order to encourage more fathers to take ...