All Analysis articles – Page 15
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AnalysisWhat impact has the pandemic had on company car schemes?
Need to know:The experience of the pandemic, and a year of home and remote working, will probably reduce business mileage in the future.However, while this is unlikely to mean company car schemes will disappear altogether, they may become ever-more focused on the most tax-efficient electric and ultra-low emission vehicles.Cash allowances ...
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AnalysisHow can benefits technology be used to meet employee expectations in 2021?
Need to know:Data drawn from employee benefits platforms, HR systems and apps can provide valuable insight into how well benefits are working.Tracking data and employee views over a period of time can help to identify shifts in requirements.Technology is helping to shape strategy in areas such as health and wellbeing.Data ...
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AnalysisCould a four-day working week become the norm?
Need to know:What’s the secret of better retention, higher productivity and improved wellbeing? Some employers think it’s a four-day working week.Four-day working weeks can help organisations to attract and keep the best talent, which employers like recruiters MRL Consulting Group have discovered. Employees also report that they are less stressed ...
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AnalysisHow can employers align their healthcare strategies with employee needs?
Need to know:Employee healthcare programmes that try to be all things to all staff may appear generous, but are less likely to be used by employees than a strategic approach that offers the most in-demand benefits.The use of data, including sickness absence data, can help to identify some of the ...
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AnalysisHow is the pensions dashboards project progressing?
Need to know:The dashboard project will start voluntary testing next year.Data accuracy and security are key challenges.Third parties such as banks and investment platforms will launch their own version.The pensions dashboard initiative is working to establish a central location for people to view all of their pension pots on one ...
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AnalysisHow can employers support the long-term physical health of their workforce?
Need to know:The physical health of employees has been put at risk due to the Covid-19 (Coronavirus) pandemic across all sectors and industries.Organisations can introduce initiatives and incentives to encourage and motivate staff to engage in physical activity during the crisis.Those who are unable to work from home require extensive ...
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AnalysisHow can employers align their reward strategy and diversity and inclusion policies?
Need to know:Equality is firmly on the board agenda, with events such as the pandemic and Black Lives Matter forcing organisations to treat employees fairly.Technology can play a key role in driving diversity and inclusion through reward, enabling greater benefit choice and more personalisation of messaging.By highlighting inequalities, the pandemic ...
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AnalysisHow can employers incorporate long Covid into health and wellbeing strategies?
Need to know:Long Covid can occur regardless of age or underlying health conditions, potentially affecting a large cross section of the working population, therefore no employer is immune to increased absence as a result of long-Covid conditions.Private medical insurance, health cash plans, occupational health, rehabilitation support, and group income protection ...
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AnalysisCan employers truly future-proof a benefits strategy?
Need to know:The pandemic has forced organisations to re-evaluate their benefits strategy.Future schemes are likely to include elements around health and financial awareness.Wider societal trends should also be factored into any futureproofing strategy.It is fair to say that 2020 presented its share of unexpected events. Even with the best planning, ...
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AnalysisWhat employee engagement challenges do employers face in 2021 and beyond?
Need to know:The sudden transition to home working in 2020 meant employers had to focus on more frequent engagement and connection with employees, showing empathy and care, and working to create the right employee experience.This will continue into 2021 but as, hopefully, workplaces eventually open back up there may be ...
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AnalysisWhat issues are impacting employers' 2021 pay strategies?
Need to know: Employers reviewing pay and bonus strategies have a number of factors to consider in 2021.The Covid-19 pandemic and Brexit have created a level of risk when looking to introduce salary reviews.Employers may struggle to award incentive payments due to the levels of economic uncertainty.The new year often ...
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AnalysisHow has the Covid-19 (Coronavirus) pandemic impacted at-retirement support?
Need to know:Baby boomers have been disproportionately hit by the pandemic and are keen to access retirement support.Holistic financial planning guidance, covering debt as well as savings and pensions, and offering practical help, can make a real difference to outcomes.At-retirement support is most effective when it is part of a ...
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AnalysisThe Analysis and Development of Employee Benefits
Technology advancements are everywhere, from voice activated home hubs and smart televisions to programmed automotive braking systems.As technology continues to develop, the provision of employee benefits becomes easier than ever before. If you’re wondering how technology can help you as an employer, we’ve listed three questions you need to consider ...
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AnalysisHow can employers build a culture that provides the experience employees want?
Need to know:The pandemic has pushed health and wellbeing, home working support and greater flexibility up employees’ benefits wish lists.Benefits can bring an organisation’s values to life by demonstrating that they are more than a tick-box exercise.Communicating benefits and how they feed into an organisation’s culture will drive take-up and ...
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AnalysisHow are employers recognising employees' efforts during the Covid-19 pandemic?
Need to know: Continual employee recognition, during a time of crisis such as the Covid-19 (Coronavirus) pandemic, has been crucial to support employees' engagement and motivation.Employers that have suffered financially from the crisis can still find ways to motivate and recognise staff that do not bust budgets.Organisations must find strategies ...
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AnalysisHow has the pandemic impacted employers' financial education strategies?
Need to know:Over half of UK employees worry about money at least once a week, and people’s mental health is suffering.The pandemic has heightened the financial stress people were already experiencing. Their priorities have shifted away from day-to-day financials and towards a need for emotionally-driven financial education.Although face-to-face support is ...
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AnalysisWhat makes an effective pensions communications strategy?
Need to know:An effective pensions communications strategy is crucial to ensure that all employees are engaged with their retirement savings.Design, branding and language are all important factors to consider when creating a communications strategy.New technology has given employers the opportunity to offer a personalised experience through tailored messaging.Pensions communication can ...
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AnalysisWhat attributes are required for a workplace mental health ambassador?
Need to know: Taking a proactive approach and investing in employees' mental wellbeing has become a key issue for many employers.Employers must understand the role and responsiblities of a mental health ambassador to appoint the most appropriate people to champion an environment of good mental health.A mental health ambassador should ...
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AnalysisEmployee Benefits Pensions research 2020
Click to download the Employee Benefits Pensions research 2020.The Employee Benefits Pensions research 2020 was conducted in October 2020 among readers of employeebenefits.co.uk.This report is aimed at helping compensation, reward and benefits professionals understand the key issues driving current pensions strategies, as well as issues shaping future provision.Key topics the ...
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AnalysisHow can voluntary benefits support organisational culture during a time of dramatic change?
Need to know:Voluntary benefits can help to support an organisation's purpose: by placing a focus on environmentally-friendly schemes, such as electric car schemes or bikes for work for example, employees can share the employers goals.Access to affordable health and wellbeing benefits, such as health cash plans, will help reiterate that ...