All Analysis articles – Page 120
-
Analysis
Uncertainty among worksite marketing providers causes concern for employers
With doubts being raised about provider commitment to workplace marketing, employers could be set for a series of dilemmas, says Victoria FurnessCase study - Malmaison and Hotel du VinArticle in fullThe proposition behind worksite marketing - the sale of financial products to people through their workplace - was once compelling ...
-
Analysis
Administering contract hire schemes
Putting a fleet out to contract hire is popular because the chosen leasing firm takes on the day-to-day administration and contact issues with employees, but be sure to have policy input, says Nick GoldingIf you read nothing else read this...A contract hire scheme is where a company hires a car ...
-
Analysis
Smart managers learn the true value of staff training
Training isn't the first benefit that springs to mind when compiling a list of perks that are offered to staff. But employers are missing a trick if they fail to communicate the value of structured employee development as part of the total reward package, says Amanda Wilkinson, editor of Employee ...
-
Analysis
Total reward statements can improve staff satisfaction
A by-product of raising awareness can be that total reward statements will bolster staff satisfaction, says Laverne HadawayTotal reward statements are increasingly being used by organisations as a way of getting employees to appreciate the full value of their benefits package. The statements, which can either be paper-based or viewed ...
-
Analysis
Recovery rates high in organisational priorities
Specialised services such as physiotherapy and psychological support work best when they have good connections with the work environment and with line managers, says Dr Olivia Carlton, head of occupational health, Transport for London.Absence is a complex issue. For some it's simply a matter of ill health, but for many ...
-
Analysis
It's ever harder to soften impact of SAYE schemes
Sharesave may effectively be an employee risk-free savings plan with the opportunity to benefit from any increase in share price, but with recent changes in accounting standards a number of employers have reviewed their participation, says Ken Lawrie, group remuneration manager, EasyJet.There is a demonstrable correlation between employee share ownership ...
-
Analysis
Staff engagement is marriage of various factors at work
An organisation’s culture, employee characteristics and experiences, and the jobs on offer all influence levels of engagement.Employee engagement is big business in management consultancy. There is a widespread belief that it brings business benefits, yet surprisingly little research evidence.The Institute for Employment Studies (IES) has carried out research to define ...
-
Analysis
Make pension schemes fairer with greater staff education
The trend towards closure of defined benefits schemes to future accrual will accelerate this year, and with distinct consequences, says Debbie Harrison, senior visiting fellow, the Pensions Institute, Cass Business School.By the end of 2006, it was clear that the focus for corporate pensions policy in the private sector had ...
-
Analysis
Deciding what goes into total reward strategy early on is key
Decide what total reward should include before devising a full-scale strategy, says Vicki TaylorTotal reward is gradually catching on among UK employers. According to the Reward management survey 2007 by the Chartered Institute of Personnel and Development (CIPD), 41% of organisations have a total reward strategy and 32% intend to ...
-
Analysis
Global perks help milk unity and cream costs
Implementing a global benefits scheme has many advantages, including creating a sense of unity in the organisation and delivering economies of scale.With increasing globalisation, many organisations are looking at the possibility of implementing international benefits strategies. And the technology now available means that promoting and communicating a global scheme to ...
-
Analysis
Members of defined contribution schemes should not be neglected
Pensions stereotypes place defined benefit schemes as king, but not all staff are members, so employers should address perceived fairness issues, says Vicki TaylorIf you read nothing else, read this ...Most employees are not perceived to know enough about pensions to worry about the difference between defined benefit (DB) and ...
-
Analysis
Corporate dental plans are considering cosmetic trends
Cosmetic dental procedures are rising in popularity, but corporate products have been slow to cover these due to their potential to increase premiums, says Kate DonovanIf you read nothing else, read this ...Only a handful of providers cover cosmetic dentistry treatments for employees.Including cosmetic treatments in dental plans may increase ...
-
Analysis
Good IT is vital in communicating perks
Systems can be crucial tools in addressing the lack of understanding that employees have about their perks, and good IT can remind workers of the different elements of their package every time they log inWhat can we be sure of when we ask employees about their remuneration? Firstly, they will ...
-
Analysis
Collating data is key to getting a return on total reward
Calculating a return on investment for total reward can be tricky, so collating data is key, says Debbie LovewellWith so many organisations now aspiring to the title 'employer of choice', each is under pressure to differentiate themselves from the competition. Inevitably, this often prompts employers to subscribe to the latest ...
-
Analysis
Stress has clear impact
This article is brought to you by HealthSure.With staff spending a quarter of their adult lives at work, the underlying health of your employees must be of critical importance to an organisation, as time off work is costly, says Raman Sankaran, director of strategic development at HealthSureFor the majority of ...
-
Analysis
Create an offshore subsidiary and tap into a captive market
Creating an offshore subsidiary to handle insurance perks can boost flexibility and reduce tax, but employers must be multi-nationals of the right size, says Jenny KeefeIf you read nothing else, read this ...A captive is a wholly or part-owned, or rented enterprise designed to insure an employer's own risks. There ...
-
Analysis
Investing in staff's health is good for business
Research has shown that fitter, healthier staff have less time off work. For employers it's about providing information and programmes on exercise and eating that give people at work choices to opt in or out, says Dr Paul Kanas, head of occupational health, Cadbury Trebor BassettWellbeing and healthcare have been ...
-
Analysis
The future may be bright for employee share schemes
This article is brought to you by Yorkshire Building Society.The fate of employee share scheme has met with much debate, but they may have a bright future ahead, says Jill Evans, head of Yorkshire Building Society Share Plan ServicesToday, millions of employees participate in a variety of share plans. With ...
-
Analysis
Mixed media should boost impact of perks
The launch of a major perks offensive should borrow techniques from marketing and communications teams, such as teaser campaigns and messages that use a variety of media channels.In many ways communication is the most important part of introducing a new benefit - if no-one knows about it then no-one will ...
-
Analysis
Focusing voluntary benefits to lure staff on the fringe of perks
A good voluntary benefits package lets employers reach segments of the workforce who may not actively be engaged with other perks, says Dev Raval, group head of reward, BSkyB.How much focus do you give to your voluntary benefits or corporate discount programme? I’d guess in most organisations it ranks as ...