All Analysis articles – Page 21
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AnalysisWhat role do group risk benefits play in reducing employee absence?
Need to know: Employers should check their group risk policy to see if they are able to access pre-existing support services as part of their insurance policy. Group risk insurance premiums will go down if an employer has a present, healthy workforce, encouraging organisations to look at ways of keeping ...
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AnalysisRetirement income: Pensions in numbers
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AnalysisInfographic: Key dates surrounding GMP equalisation
!function(e,i,n,s){var t="InfogramEmbeds",d=e.getElementsByTagName("script")[0];if(window[t]&&window[t].initialized)window[t].process&&window[t].process();else if(!e.getElementById(n)){var o=e.createElement("script");o.async=1,o.id=n,o.src="https://e.infogram.com/js/dist/embed-loader-min.js",d.parentNode.insertBefore(o,d)}}(document,0,"infogram-async");Read more...What do employers need to know about the GMP equalisation process?
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AnalysisWhat do employers need to know about the GMP equalisation process?
Need to know:Following the Lloyds Banking Group case, organisations must explore how to equalise historical guaranteed minimum pensions (GMP) between men and women.Employers can opt to convert into a non-GMP pension scheme, or they can use dual records to calculate the correct amount of pension benefit on a year-by-year basis.Although ...
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AnalysisHow to help employees overcome auto-enrolment apathy
Need to know:Group presentations alongside online calculators and pension modellers can help employees see whether their retirement savings are on track.Consolidating pension pots can make retirement savings easier to understand and manage, making it more likely that employees will engage with saving for retirement.Financial incentives, such as matching contributions and ...
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AnalysisHow to align pensions provisions with a wider benefits strategy
Need to know:Pensions should be positioned as a vital part of an overarching benefits package, rather than a separate and often distant concern.Employers should package pensions within a wider financial planning provision, promoting it alongside a range of other benefits that can help employees with short- and long-term stability.Focusing on ...
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AnalysisHow will AI change the world of benefits and HR communications?
Need to know: Using the wealth of data available, artificial intelligence can ensure that employees understand the value of benefits to them as individuals.The conversational tone of chatbots can help employees navigate complex subjects, while also combating isolation as workforces become more remote.Anonymity mixed with seemingly human interactions can be ...
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AnalysisHow to undertake a pensions buy-in transaction
Need to know:Pension buy-ins are on the rise, but insurers can afford to be selective and a lot will depend on the preparatory work conducted by the scheme.Sponsor and trustees should form a joint working committee early in the process, and member data must be as clean as possible to ...
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AnalysisHow to create an employer brand fit for the modern workforce
Need to know:As both competition and transparency increase, employers would do well to look at their brand values and how these fit with the expectations of the modern workforce.Flexbility, sustainability and opportunities to learn and grow are all increasingly important, particularly as employees continue to blend work and life.The positioning ...
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AnalysisEquipping staff: Financial education in numbers
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AnalysisHow should retirement information change for employees at different life stages?
Need to know:Employees of all ages need help saving for a financially stable later life, but the format and delivery will need to vary across different demographics.To engage younger staff, employers could consider repackaging concepts such as pension payments and retirement planning to feel more relevant.Throughout the 15 years leading ...
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AnalysisIs online education an effective means of supporting financial wellbeing?
Need to know:Financial education is a key tool in supporting the overall wellbeing of employees, but it must be delivered in a method that is engaging and relevant.While face-to-face presentations and seminars are still highly popular, online initiatives can reach a widely dispersed workforce with personalised information.Online methods help avoid ...
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AnalysisHow financial education can help employees make sense of their benefits
Need to knowFinancial education that helps employees understand topics like money management, debt consolidation and savings will be most effective when accompanied by relevant products for them to subsequently use.Pensions are a primary subject for many employers, but more immediate concerns should be taken into account to get staff to ...
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AnalysisHealthy competition: Is gamification the key to boosting employee health and wellbeing?
Need to know:The use of gamification is growing across many elements of the employee experience, and can be used to engage employees in wellbeing initiatives, from step challenges to nutritional habits.It is important to ensure that gamified systems are inclusive and engaging, andthat the competitive element does not put off ...
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AnalysisWelcoming workplaces: Diversity and inclusion in numbers
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AnalysisHow can employers support gender-specific health and wellbeing issues in the workplace?
Need to know:To be truly gender-inclusive, employers cannot just focus on closing pay gaps, but making the workplace work for both men and women.In order to engage employees with the support available to them, employers should normalise gender-specific subjects that are often thought of as sensitive or taboo.Transgender benefits are ...
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AnalysisHow benefits can open up the talent pipeline to promote diversity and inclusion
Need to know:Pay transparency encourages the clarifying and codifying of progression structures, and allows for merit and value to be rewarded free from unconscious bias.Effective use of data analytics, as well as staff input and open dialogue, can help employers to better understand the priorities of a workforce, rather than ...
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AnalysisWhat are the challenges in engaging a diverse workforce?
Need to know:Efforts to increase diversity within the workforce are important, but inclusion and engagement are the rest of the puzzle.Using data can help employers target engagement efforts to a diverse set of employees, but short of this, organisations should simply aim to be flexible and accommodating.Employees will thrive in ...
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AnalysisHow should employers position Christmas rewards and incentives?
Need to know: As employees become more concerned about health, social responsibility and the environment, Christmas rewards are changing and adapting accordingly.Sustainable options include e-vouchers, experiences and paid time off; while volunteering leave can cover both wellbeing and social responsibility.Rather than encouraging staff to drink and eat more during this ...
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AnalysisDigital stressors: Supporting wellbeing in a switched-on world
Need to know:Technology facilitates a more flexible work culture but, if not managed properly, an always-on environment can lead to physical and mental health issues.Drastic techniques, such as blanket bans and even legislation, have grown in popularity, but senior managers have a key role to play in setting everyday expectations.Technology ...