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Keeping clear of the benefits trap

Article Abstract:

Around three-quarters of UK business managers have failed to give careful consideration to their employee benefits packages, or to tailor them to current business strategies. Traditional benefits packages, which focus on company pensions, reward long service. However, businesses increasingly prefer high skills to good service, and performance-related pay is an increasingly common choice. Allowing employees to select their own benefits can attract and retain vital personnel, whilst private health insurance benefits can help maintain their health.

Management

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A tonic for the troops

Article Abstract:

Most companies believe that employee benefits help them recruit and keep workers but, in a recent survey, 79% of companies felt that their employees did not recognise the value of the benefits package on offer to them. A number of approaches improve benefit recognition, including the introduction of flexible benefit schemes. These schemes allow employees to choose between benefits thus satisfying the employee's individual requirements and also increasing their awareness of the whole benefit package.

Methods, Evaluation, Employee recruitment, Employee retention

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A retiring world comes into the limelight: it's been a hectic 12 months for pensions. Regulation, transfers, performance - all the big issues have been under scrutiny

Article Abstract:

The launch of the pensions bill aims to protect scheme members from abuses similar to the Maxwell scandal in the future. It aims to establish an occupational pensions regulatory authority, although consumer groups do not believe the proposals are broad enough, particularly the minimum solvency standard that schemes will need to meet. Pension schemes may also be required to have at least one third of their trustees drawn from its membership, and the trustees responsibilities may become more onerous.

Pension, health, and welfare funds, Pension Funds & Benefit Plans, Pension Funds, Laws, regulations and rules

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