All Analysis articles – Page 22
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AnalysisHow to create a savings culture in the workplace
Need to know:Offering money management tools, and even numeracy workshops, can help employees get out of debt and build up to saving.Financial wellbeing strategies should address all employee needs, from everyday costs to long-term investments, as well as being part of a holistic approach to wellness.Without a strong foundation of ...
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AnalysisSavings stress: Financial wellness in numbers
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AnalysisTop tips on using workplace interventions to boost pensions engagement
Need to know: Workplace interventions can make pensions engaging, interesting and even fun for employees who might not have thought about them previously.Combining group and one-to-one sessions, as well as open dialogue with the audience, can ensure a wide range of employees are catered for.Marketing techniques, such as attention-grabbing events, ...
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AnalysisHow should financial wellbeing approaches change during an employee’s journey?
Need to know:A multi-generational workforce will have myriad financial challenges, including home ownership, childcare and retirement savings, so it is important that employers address these issues within a flexible approach to financial wellbeing.Financial goals and life stages may not be clearly delineated by age, and employers should avoid assumptions.Life events, ...
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AnalysisSupport strategies: Employee wellbeing in numbers
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AnalysisTop tips for creating an effective wellbeing week
Need to know:Before creating a wellbeing week, employers should assess the wants and needs of their workforce, to ensure it is as relevant as possible.An effective wellness week should aim to build connections and behaviours that last well into the future, rather than just create a flash in the pan.Strong ...
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AnalysisAre non-traditional working patterns the key to wellbeing?
Need to know:Flexible-working structures that give employees’ autonomy over their working hours can improve the wellbeing and work-life balance of all, especially among working carers, or those with fluctuating health conditions.Alternative leave policies allow for life events and unexpected personal demands, while leaving holiday allowances free for relaxing and boosting ...
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AnalysisHow can employers create a culture of care for working parents?
Need to know:The foundation for a caring culture is a sense of flexibility, empathy and understanding, particularly when unexpected issues arise.Offering enhanced maternity and paternity leave and pay can help support new parents, as can access to childcare facilities or financial schemes.Benefits such as life insurance and critical illness cover ...
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AnalysisCan employee benefits be used to counter climate change?
Need to know:Increasing climate change awareness and the introduction of government targets are leading employers to review what can be done within their organisations.Some are changing the slant of their benefits schemes by promoting these differently to employees, highlighting the environmental impact more prominently.Incentives can be used to create day-to-day ...
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AnalysisHow can employers create an accessible wellbeing programme?
Need to know: As employers think about the benefits of recruiting from a more diverse talent pool, the importance of employee wellbeing in terms of engagement and retention should not be forgotten.Events must take into account basic access needs, such as audio and visual aids, and providing a wide range ...
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AnalysisTop tips on preparing for potential new pay gap reporting regulations
Need to know:Employers should review the personal data they currently store, to identify whether it will facilitate pay gap reporting.To improve disclosure rates, communications campaigns can help explain to staff what the organisation will be doing with the information and why.Completing a voluntary pay gap report on areas such as ...
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AnalysisHow predictive analytics can influence employee engagement
Need to know: Most employers are already harvesting ample data to engage in some form of predictive analytics, from sources such as engagement surveys and benefits take-up statistics.Regression analysis can help track potential exit drivers and problem areas for engagement, while predictive models can map how initiatives will affect factors ...
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AnalysisJohn Lewis Partnership uses data analysis to shape proactive wellbeing strategy
Retail organisation John Lewis Partnership houses 84,500 UK-based employees in a wide range of roles across the John Lewis and Partners, and Waitrose and Partners brands, from the shop floor to head office, and from factory to farm. To address wellbeing across this diverse workforce, the organisation ...
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AnalysisHow can employers tackle in-work poverty?
Need to know:Identifying employees struggling with in-work poverty is difficult, but offering universal solutions can ensure that financial wellbeing initiatives benefit all those in need.Simple measures, such as exploring how to best manage overtime or introducing flexible working, can help staff improve their finances more effectively.A financial wellbeing strategy that ...
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AnalysisHow is today’s change culture impacting total reward?
Need to know:Due to the uncertainty surrounding the impact of Brexit, many employers are delaying major reward decisions.Nevertheless, it is important to adapt to changing trends, such as the move towards a wellbeing focus, and flexible working becoming the norm.Although changes to factors such as the economy and legislation will ...
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AnalysisWhat role do benefits play in the recruitment and retention of employees?
Need to know:Potential employees are now keen to know what benefits an employer offers in addition to salary, especially within the context of work-life balance.Bespoke packages and more flexibility are key factors in successfully appealing to employees with diverse needs and expectations.Employers are increasingly aligning benefits strategy with their culture ...
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AnalysisTop tips to increase the effectiveness of an employee recognition scheme
Need to know: Effective strategies will vary from one employer to another, but embedding a culture of appreciation will make a solid foundation for any recognition scheme.Employers should consider introducing peer-to-peer recognition, as well as using a scheme to link specific behaviours to core values.Monetary incentives may help gain employee ...
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AnalysisWhat value do employee ownership trusts bring to an organisation?
Need to know:Employee ownership trusts (EOTs) are an indirect form of ownership whereby the majority shares of an organisation are held in a trust on behalf of staff.Organisations controlled by an EOT are able to provide a tax-free cash bonus of up to £3,600 per employee per year.Moving to an ...
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AnalysisHow to maximise employee engagement through parental leave benefits
Need to know:Communicating the inclusive nature of parental leave benefits can demonstrate to employees that the organisation’s values align with their own.Fathers are more likely to feel they are catered for if offered enhanced paternity leave, allowing them to take a more active role in childcare.Enhancing parental leave policies identifies ...
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AnalysisWhat are the latest trends in voluntary benefits?
Need to know:As the war for talent increases, voluntary benefits can provide a cost-effective method of creating a package to attract and retain staff.Everyday savings, such as on groceries, tend to be universally popular, but some employers are bringing in discounts on bigger items such as cars and real estate.Employers ...