All Analysis articles – Page 18
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AnalysisHow can employers manage pension risk in the current climate?
Need to know:Some employees have experienced sharp losses which have derailed their retirement plans.Many very low risk default funds have lost money as gilts plummeted.Unfortunate timing of the stock market falls in March will be starkly reflected in annual statements.Covid-19 (Coronavirus) has created a perfect storm for poor decisions ...
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AnalysisHow are employers preparing for employees' return to work?
Need to know: An effective communications line between the employer and employee is needed to ensure a smooth transition back into the workplace.Employers can offer benefits to support employee health and wellbeing on their return.Employee feedback can help the workforce adapt smoothly to the transitions resulting from the Covid-19 pandemic.As ...
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AnalysisHow do digital GP services fit in a health and wellbeing strategy?
Need to know:Digital GPs complement other health and wellbeing benefits such as physiotherapy, employee assistance programmes (EAPs) and mental health programmes.Employees may wish to speak to a virtual GP before they use additional health and wellbeing support benefits.Encouraging the use of digital GP services could reduce absence levels, increase productivity ...
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AnalysisHow can employers appropriately recognise employees’ efforts during a time of crisis?
Need to know:Continual employee recognition, even during a time of crisis, can help enforce workplace culture and motivate employees further.Letting employees know they are valued and their efforts are recognised can boost their wellbeing.Employers must be careful to ensure that their recognition scheme does not exclude employees that are struggling ...
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AnalysisHow can a total reward strategy incentivise productivity from home?
Need to know:Employers need to do their due diligence to find out how their employees expect to feel appreciated while working from home.Simple gestures, like verbally recognising employees, can motivate them and increase productivity.Increasing flexibility for employees who cannot work their normal hours can take the pressure off and help ...
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AnalysisHow will the Covid-19 pandemic affect employees that are due to retire this year?
Need to know: Employers need to ensure that employees know what is happening to their pension investment funds and retirement plans.A comprehensive communication strategy is needed to ensure employees are aware of their options at retirement, even in a pandemic.Communications must be tailored to the individual and depend on their ...
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AnalysisWhat does the Covid-19 pandemic mean for international benefit strategies?
Need to know:Digital benefits and online platforms are set to increase as more employees around the globe work remotely.International demand for health and protection benefits is up, with a focus on wellbeing and lower-cost options.Different experiences of the pandemic mean local benefits solutions are important.With the Covid-19 pandemic forcing much ...
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AnalysisWhat future employee engagement challenges can employers expect?
Need to know:The Covid-19 pandemic has created several employee engagement challenges both now and for the future.Employers must prepare for the changing work landscape to fully engage employees.Employers will need to manage the engagement needs of differing groups of employees; those returning from furlough, for example, will have different needs ...
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AnalysisWhat new technology trends will employers see in the benefits world?
Need to know:Employers need benefits technology to be agile enough to quickly respond to market or global changes, such as the focus on remote health and wellbeing support brought about by the Covid-19 pandemic.Technology needs to serve the needs of the employer, such as financial management tools to provide a ...
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AnalysisWhere do the parameters of employers' responsibility to wellbeing lie?
Need to know: We live in a very open age, but employers must still tread carefully when it comes to employees’ personal lives.Physical, mental and financial wellbeing is all-important to employees' productivity and they will be looking to employers to help in the midst of the Covid-19 (Coronavirus) pandemic.Employers ...
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AnalysisBenefits that can ease employees back into work after long-term absence
Need to know: Employers must ensure employees are fully supported when returning to work after long-term absence. Benefits such as flexible working can make the transition back to work easier.The Institute for Public Policy Research's (IPPR) Working well: A plan to reduce long-term sickness absence report, published in ...
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AnalysisHow group risk benefits can support good mental health
Need to know:Group income protection plans may include employee assistance programmes (EAPs), digital GP services and other mental health support at no extra cost to premiums.Employers should familiarise themselves with, and communicate effectively, the add-on benefits a group risk plan may offer.Employers need to re-communicate any mental health support services ...
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AnalysisHow can fitness and nutrition benefits influence good mental health?
Need to know:Employees need 35 minutes of physical activity per day to improve mental health.Nutritional webinars can help guide employees to make good mood-boosting health choices. Employers need to find new ways of encouraging good mental health behaviours during the Covid-19 (Coronavirus) pandemic.It stands to reason that every employer wants ...
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AnalysisHow can employers support the mental health of employees while working remotely?
Need to know:The pandemic has caused a huge number of employees to work from home, with many having to do so while balancing their childcare responsibilities as well.Employers should check in with their employees on a regular basis to gauge their mental wellbeing.Mental wellbeing support, such as employee assistance programmes ...
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AnalysisHow are employees’ expectations shaping benefits strategies?
Need to know:Employees are increasingly seeking out organisations that share their values.Employers must demonstrate their commitment to their values, embedding them in everything from the facilities to policies and benefits.Providing employees with a pot of money and allowing them to select how they spend it can support a more diverse ...
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AnalysisHow will the Covid-19 pandemic change the employer/employee relationship in the future?
Need to know: While the Covid-19 pandemic posed many immediate challenges to employers, many have risen to the challenge, finding creative new ways to make sure staff stay physically and mentally well.There are a number of steps employers can take now to prevent an us-and-them culture existing after furlough.Flexible working ...
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AnalysisHow recognition schemes can help employers to foster good behaviours
Need to know: Recognising and rewarding staff can boost morale and engagement.Peer-to-peer recognition schemes help to remove any sense of hierarchical structure.Senior leadership teams that promote recognition can encourage employees to lead by example.Employee recognition schemes are becoming ever-more important for employees to reach the best of their abilities at ...
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AnalysisHow can employers ensure pension scheme members get a good retirement outcome?
Need to know:Employers have many options that can help to improve employees' retirement outcome, without increasing contribution levels.Member communications should make employees aware of how their investment can vary over the long term.At-retirement support is vital to ensure employees are aware of the options available to them when ...
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AnalysisHow can employers reposition benefits to offer financial wellbeing support to staff?
Need to know:Introducing financial education can drastically improve financial wellbeingReinventing benefits to offer financial support can aid employees with financial constraintsFinancial benefits need to be communicated in the right way to increase the chances of effectivenessThe financial wellbeing of employees has become a key priority for many employers. A study ...
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AnalysisHow can employers support the health and wellbeing of a global workforce during a health crisis?
Need to know:The Covid-19 (Coronavirus) pandemic is an unprecedented situation but international healthcare plans will already have provisions in place for such a situation.Benefits such as employee assistance programmes and telemedicine help to support global workforces by providing 24-hour-a-day access to support and medical advice.If evacuation is not an option ...