All Analysis articles – Page 16
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AnalysisHow has the Covid-19 pandemic impacted workplace pension schemes?
Need to know:Few pension scheme members chose to reduce contributions or switch investment funds during the pandemic.Nonetheless there was a marked improvement in engagement with pension schemes.The jobs market fallout will lead to a big rise in dormant pensions.Despite the pandemic’s massive impact on the economy, employers have so far ...
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AnalysisEmployee Benefits – A Cost-Benefit Analysis
We are often asked at Xexec about how to justify and measure the costs of running a company-wide, national, or global employee benefits scheme. The answer we often give is that there are many ways to skin a cat! But the truth is, that each client we ...
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AnalysisHow has the Covid-19 pandemic affected global reward strategies?
Need to know: The Covid-19 pandemic has affected the reward packages that employers offer to their global workforces.The need for health and wellbeing packages has never been more important than during uncertain times.Global organisations are looking to refine the way they offer benefits, to present a much more unified and ...
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AnalysisHow to support working carers without alienating other employees
Need to know:While it is important that employers demonstrate their willingness to support working carers, they must be careful not to alienate employees that don't have caring responsiblities.There are many benefits available that employers can offer working carers, and these can also be promoted to other employees.Communicating the benefits and ...
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AnalysisWhat health and wellbeing support should employers offer during the festive period?
Need to know:Government restrictions could impact the number of social gatherings employees can attend over the festive period.The lack of social interaction during the pandemic has increased levels of stress among employees.Employers have a critical role to play in supporting the mental and physical health of staff during the festive ...
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AnalysisWhat key reward and benefits issues are on employers’ radars for 2021?
Need to know: Employers should not overlook the importance of a reward and benefits strategy in the midst of making major workforce changes, such as redundancies. Employers should use the changing face of the workplace to remove any expensive or legacy benefits that are no longer relevant. Organisations should avoid ...
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Analysis
Support and counselling: Wellbeing in numbers
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AnalysisHow has the role of the line manager changed in supporting employee wellbeing?
Need to know:Line managers have had to change their mindset during the pandemic and become more proactive in managing wellbeing while employees are working from home.There has been a significant shift towards personalised, proactive wellbeing plans, daily and weekly health check-ins and Mental Health First Aid training, as well as ...
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AnalysisShould employers be more proactive in looking after employees' physical health?
Need to know:A multi-pronged approach including ergonomic assessments, regular breaks and the right equipment can help to prevent working from home leading to musculoskeletal problems.Existing health benefits often include features, such as virtual GP services, physiotherapy triage and wellbeing apps, that can support employees’ physical health.Getting line managers to role ...
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AnalysisHow have employers’ priorities changed around wellbeing?
Need to know:Mental health is a growing issue in the workplace with conditions such as post-traumatic stress disorder, addiction and suicide likely to rise.Education is key to improving employee financial wellbeing, enabling staff to make informed choices and improve their resilience.Managing employee wellbeing remotely requires a new set of competences ...
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AnalysisHow can employers address the gender pensions gap during the pandemic?
Need to know:While the gender pay gap is well understood, another income gap is much less publicised: the extremely stark gender pensions gap. On average, women are retiring on a fraction of the amount men accumulate during their working lives.The Covid-19 pandemic may worsen an already-widening gap. In difficult times, ...
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AnalysisHow has the Covid-19 pandemic affected staff travel schemes?
Need to know:Employers have adapted their employee travel schemes to meet the challenges posed by the Covid-19 pandemic.With many workforces adopting a remote-working pattern, employers must rethink how to best offer travel initiatives that are suited to their employees.Cycling to work is predicted to rise in popularity as an alternative ...
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AnalysisWhat technology innovations has the benefits world seen during the pandemic?
Need to know: Technology has been a key asset in helping organisations and their workforces adapt to remote working patterns.Technology will be important in order to support employees working flexibly for the foreseeable future.Benefits portals are likely to become important tools that employers can use to both facilitate access to ...
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Analysis
Communication and assistance: Mental Health in numbers
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AnalysisHow can employers select the right mental health support for their organisation?
Need to know: During the Covid-19 pandemic, employers have the opportunity to assess the level of mental health support that best suits the needs of their workforce.There are many avenues for organisations to go down to select the right mental health initiatives.Mental health support may differ depending on sector, demographic ...
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AnalysisShould employers be taking more responsibility for employees' mental health?
Need to know:Looking after employees' mental health will help to increase engagement and productivity.Organisations need to signpost what mental health support is on offer, and any new ways in which it is available, to ensure all employees are aware of what is on offer.Employers should keep up constant communications and ...
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AnalysisHow have mental health support services changed to reflect the new normal?
Need to know:Organisations need to adopt a virtual mental health support strategy for the foreseeable future.Mental health support services need to acknowledge that the Covid-19 (Coronavirus) pandemic has created new triggers for poor mental health.Organisations should look at ways to build their employees' resilience to decrease a long-term negative impact ...
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AnalysisWhat will festive incentives look like in 2020?
Need to know:Employers are taking a hestitant appraoch to festive incentives this year in light of the challenges that organisations have been faced with.However, employers have placed more importance on employee recognition throughout the year, and many will continue to do so during the festive season.Christmas parties may be put ...
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AnalysisHow will support for working carers change after the pandemic?
Need to know:Even as we move out of lockdown, organisations are becoming increasingly aware that carers still need additional support and flexibility.Adapt and communicate a benefits strategy to acknowledge this growing section of the workforce.Signpost carer specific support, such as policies and guidance, that could be of use to ...
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Analysis
Support and communication: Resilience in numbers
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