All Analysis articles – Page 11
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AnalysisHow can employers ensure reward and benefits enhance the employee experience?
Need to know:More flexible working hours, agile/home working and better support for mental health are the top employee expectations.Organisations should consider more flexible options including part-time hours term-time work, career breaks and four day working weeks to support their talent management strategy.Reward and benefits can be used to demonstrate an ...
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AnalysisHow to refresh a reward strategy to align with business goals
Need to know:Employers need to ensure that their reward strategy not only helps to attact, recruit and engage employees, but also reflects the values and goals of the business.Analysing data sets within the organisation can present gaps in benefits provision.Surveys, focus groups and job and exit interviews are useful methods ...
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AnalysisWhat support can employers offer for staff going through gender transition?
Employers can help by constructing a manageable timeline of changes they may want to implement, such as changing names or pronouns at work.Employers may want to look at how a transitioning employee would like their transition to be communicated to other staff.Ultimately by having effective and meaningful wellbeing support in ...
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AnalysisHow to implement a pay strategy for hybrid working
Need to know:Reducing pay to reflect hybrid working can pose significant legal and practical challenges with implications on organisational fairness and inclusion.With the exception of salaries that already vary by location already, for example, those with a London weighting, reducing an employee’s pay would need their consent.A two-tier pay structure ...
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AnalysisWhat are the pros and cons of digital self-service pay systems?
Need to know:Involving employees in a digital self-service pay system can help boost engagement and retention with the organisation.Quick and easy access to payroll information can also help employees see the impact on pay of benefit take up.The cost of a digital self-service pay system can be countered with the ...
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AnalysisTop tips for introducing or updating health-related leave policies
If an employer wishes to introduce or update a leave policy, it should carefully consider the most appropriate form of communication to ensure that the latest terms are known and shared with the workforce.Some discretion should be retained, not only for circumstances that might not have been considered or defined, ...
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AnalysisHow can employers improve staff motivation going into the new year?
A key challenge for businesses next year is to ensure that their messaging around culture, purpose and values is not only aligned, but reflected in the employee experience through benefits, reward, recognition and development.By understanding employees’ differences, employers can provide more genuinely rewarding incentives for individuals to work towards.Surveys and ...
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AnalysisA changing pension landscape: what can employers expect in 2022?
Need to know: Pension teams are likely to be flooded with queries around the new simplified annual statements, changes to retirement ages and the Pensions Dashboard.Salary sacrifice plans will get a fillip from the new Health and Social Care Levy.Employers who are not cognisant of their employees’ attitudes to environmental, ...
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AnalysisHow will the 'Great Resignation' change employees' attitudes to employee benefits?
Need to know:The 'Great Resignation' is underway, forcing employers to work even harder to attract and retain staff.Pay is one way but employee benefits and reward packages are another major focus.Flexible working, mental health and social value are all in demand but some are questioning the use of more ‘gimmicky’ ...
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AnalysisHow can employers assess value for money in a DC pension?
Need to know:Workplace pension regulators are looking at how value for money can be clarified in defined contribution (DC) pension schemes.Value for money is a difficult thing to pin down, as there are so many interactive components.Ultimately the employer is one of the greatest contributors to delivering value for money ...
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AnalysisHow have reward strategies changed in 2021 and what might the new year bring?
Ultimately in 2021, reward professionals had to keep on the pulse of what employees wanted and needed more than ever.Employers can offer discount schemes and salary sacrifice schemes to those looking to keep costs low and boost their financial wellbeing, as well as providing support for those wanting to bolster ...
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AnalysisHow can employers improve their health and wellbeing offering to expatriate staff?
Need to know:Expat health and wellbeing benefits include initiatives such as maternity and chronic conditions cover, as well as more traditional medical treatment.More digital health and wellbeing services have evolved as a result of the pandemic and these are likely to remain a key part of support.Health awareness has ...
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AnalysisHow can employers measure the effectiveness of support for working carers?
Need to know:The pandemic has highlighted the pressures on working carers, and the value of offering workplace support.Paid or unpaid care leave, flexible working or flexitime and having access to private time or space to make calls are among the benefits working carers value the most.Flexibility is key, as is ...
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AnalysisHas the pandemic highlighted the need for more comprehensive eldercare support in workplaces?
Generally, it’s more important to have benefits schemes that match life stages and provide practical resources to match life and family needs.Most employee assistance programme providers offer eldercare support, be that online resources for targeted legal, financial and care services, or just having someone else to talk to.One of the ...
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AnalysisWhat targeted support can employers offer to meet the wellbeing needs of carers?
Need to know:The pandemic has triggered a cultural shift in how we work, with a newfound openness alongside a wider acceptance of flexible working. These are both welcome developments for working carers.However, we shouldn’t underestimate how challenging working life can be for carers. Employers should seek to address carers’ emotional, ...
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AnalysisHow can employers raise awareness of the value of group risk benefits?
Need to know:Group risk benefits provide critical financial support when employees need it most.Many group risk policies offer valuable add-on benefits such as virtual GP services and employee assistance programmes, but employees need to be aware that these are available through their employer.In difficult circumstances, such as the Covid-19 (Coronavirus) ...
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AnalysisWhat are employees looking for in the employee experience of the future?
A better employee experience, one that considers the whole person who comes to work every day, is the way employers will beat the competition.Pay and benefits are an important combination. In isolation they will always motivate, but together an employer can craft a unique and compelling proposition that brings the ...
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AnalysisTop tips for avoiding the miscommunication of employee benefits
Need to know:A targeted, personalised approach to communication is the key to boosting take up of employee benefits.Sharing benefits communication across multiple channels, including email, messaging platforms and social media will help to reach as many employees as possible.Repeating benefits communications regularly throughout the year will keep them front of ...
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AnalysisHow can employers address presenteeism and leavism in the workplace?
Need to know:Presenteeism and leavism are common: 84% of employers observed presenteeism during 2020 while 70% saw instances of leavism.Blurred boundaries between home and work coupled with concerns about financial security exacerbated issues around presenteeism and leavism.Good corporate culture, strong leadership and a focus on health and wellbeing can help ...
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AnalysisTop tips for implementing a pensions education exercise
Need to know:Employers need to set goals and measure outcomes of all financial education exercises.They can segment employees and use all available communication channels.Employers should rely on what resonates with their employees rather simply spend big bucks.Pensions can be a bit dry and grey and retirement, particularly to the ...