All Analysis articles – Page 13
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AnalysisHow can employers communicate the pros and cons of annuities to staff?
Need to know:Although employers have no legal communication duties around annuities, they are often best placed to provide the most relevant information for their workforces.Employers must avoid being risk averse and fail to give guidance. This is not regulated advice.Pensions technology, along with advice from financial advisers, are valuable ...
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AnalysisHow much of a priority is employee engagement for employers?
With employers battling issues such as increased stress among the workforce, burnout among managers, resignations, health concerns, and Covid-19's (Coronavirus) impact on staff absence, employee engagement has become more of a challenge for some.Organisations that can link their work either directly or indirectly to broader societal goals that employees care ...
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AnalysisWhy is authentic leadership important in business?
Need to knowEmployees are increasingly demanding that their leaders act with authenticity and integrity as they re-evaluate their priorities post-pandemic.Authenticity demands a number of skills, from empathy to strategy, many of which can be coached and nurtured by businesses.Listening to employees and fostering the right culture are integral to survive ...
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AnalysisHow employee share schemes can be used to attract and retain talent
Need to knowFinancial gain aligned to the success and growth of an organisation supports medium- and long-term motivation and retention.Employers should keep communications clear, but simple. Employees will need to understand the personal monetary value of a share scheme before making the decision to sign up.Share schemes should be part ...
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AnalysisTop tips for introducing menstrual leave policies
An inclusive culture that supports menstrual health can help to increase employee satisfaction, ensure they feel valued and help them remain productive and engaged in the workplace.Employers can gauge from their employees whether to expand their existing leave policies to include menstruation rather than creating a separate one.When introducing a ...
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AnalysisHow can employers compensate for the government’s lack of support for working carers?
Need to know:Implementing a working carers’ policy that details all the support relevant to employees with caring responsibilities can encourage staff to speak openly about their needs.Flexibility is essential, with options including paid and unpaid leave, flexible and part-time hours, sabbaticals and even allowing carers to take their annual leave ...
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AnalysisAre car schemes still a valued employee benefit?
Need to know:Company car take-up has fallen in recent years as overall tax levels have risen.Electric cars benefit from lower rates and are now the focus for many employers.These are increasingly being offered via salary sacrifice rather than on a company-paid basis.For many years, the traditional company car scheme was ...
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AnalysisHow can benefits help first-time buyers as property prices surge?
Employers can work with providers to offer financial education in the form of specific content guides, downloads, webinars, helplines, tools and modellers, including budgeting, mortgage affordability, mortgage rate calculators, and stamp duty calculators.One option employers can offer to help first time buyers is the lifetime individual savings accounts (Lisa), through ...
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AnalysisMaking the most of employer accreditations
Need to know:Accreditations are proof of the positive work being done by organisations, as well as a long-term commitment to change.The process can be complex, with different challenges depending on the type and the employer, but an accreditation team should be on hand to help.Without a deeper commitment, reaching for ...
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AnalysisTop tips for offering HRT support in the workplace
One of the first steps to consider is to set up a dedicated menopause policy, ensuring it links in to any existing wellbeing, and equality, diversity and inclusion policies.Employers should also ensure that websites and resources around types of HRT are up to date, offer links to information about HRT ...
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AnalysisHow to build a hybrid-working model that is right for an organisation
Need to know:Hybrid-working arrangements have become the norm; employees now favour organisations that offer it over those that do not.Creating a sense of fairness around flexible working is a challenge for employers, especially for those whose staff are not able to work remotely at all.Employers are now focusing on creating ...
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AnalysisCan employees remain engaged with retirement saving while costs of living rise?
Need to know:The cost-of-living crisis may result in employees disengaging with pension saving.But the chances are employer pension communications may not be up to scratch.Delivering clear messages at the appropriate time will pay dividends in securing financial wellbeing and HR operational efficiency.Retirement savings is a bit like cleaning out gutters ...
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AnalysisWhat really motivates an employee to stay with an employer?
Need to know:With the Great Resignation underway, organisations are working out what really makes staff join and stay with a business.Flexibility, wellbeing and work-life balance are all highly prized by employees.A wider sense of organisational values and the ability to develop are also attractive.The emergence of the Great Resignation in ...
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AnalysisHow can employers engage staff in responsible pensions investment?
Need to know: While the idea of providing ethical and sustainable investment options has gathered popularity, the take up of these pension investments is still relatively low.Embedding environmental, social and governance (ESG) factors into default funds can be complicated, as it introduces additional risks and can distract from focusing on ...
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AnalysisThe changing face of flexible benefits
Need to know:Technology is key to offering a flexible benefits scheme that confers greater autonomy on employees to select, change, and manage their benefits.Cash pots are becoming an important element of the flex offering due to their personalisation power, as employees increasingly expect a tailored approach.With benefits budgets under pressure, ...
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AnalysisHow are cost-of-living increases affecting employee health?
Need to know:Money worries can affect employees’ physical and mental health and wellbeing, with research finding that financial concerns are leading to anxiety, sleep problems and cancelled gym memberships.Training line managers and promoting an organisation's employee assistance programme (EAP) can help employees access support for financial and mental health issues ...
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AnalysisHow can employers prioritise a more tailored reward strategy?
Employers must be able to offer a differentiated and competitive reward package in order to retain and attract staff.Through a comprehensive reward package, employers can offer a range of services to assist with various obstacles staff are facing.Building an element of choice into reward policies can be impactful and value-adding ...
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AnalysisWhat does the group risk market look like post-pandemic?
Need to know:The pandemic has focused minds on health and wellbeing, and fuelled growing interest in group risk products.Employers are looking to extend cover to wider cohorts of employees.Long Covid and the surrounding mental health and wellbeing challenges mean group risk products are becoming increasingly important.To maximise these products, communication ...
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AnalysisBenefits to support bereavement
It is crucial that employers communicate to staff where and how grief support can be accessed.A bereavement leave policy should provide both line managers and employees with guidance and reassurance of what to expect if they experience one.A group income protection policy can provide emotional and wellbeing support when staff ...
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AnalysisWhat impact is the war in Ukraine having on benefits strategies?
Employee support during the war in Ukraine might include evacuating staff and providing flexible, practical support for those directly affected.Organisations should also remember the importance of mental health support for all employees, including senior managers.In addition to day-to-day considerations, businesses should understand the wider ramifications of world events on other ...
