All Analysis articles – Page 32
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AnalysisWhat can employers do to make PMI more cost effective?
Need to know:Integrating private medical insurance (PMI) into an overall health and wellbeing strategy can cut long-term costs.Excesses and benefit caps enable employees at every level to have access to PMI with lower overheads.Introducing incentives to improve employee health and wellbeing can be more effective than cutting services.Private medical insurance ...
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AnalysisInfographic: How is private medical insurance (PMI) offered to employees?
An infographic showing how private medical insurance (PMI) is offered to employees.!function(e,t,s,i){var n="InfogramEmbeds",o=e.getElementsByTagName("script"),d=o[0],r=/^http:/.test(e.location)?"http:":"https:";if(/^\/{2}/.test(i)&&(i=r+i),window[n]&&window[n].initialized)window[n].process&&window[n].process();else if(!e.getElementById(s)){var a=e.createElement("script");a.async=1,a.id=s,a.src=i,d.parentNode.insertBefore(a,d)}}(document,0,"infogram-async","https://e.infogram.com/js/dist/embed-loader-min.js");Read more:What can employers do to make PMI more cost effective?Terry Woolmer: Private medical insurance benefits both employers and employees
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AnalysisWhat role do line managers play in the design of a reward strategy?
Need to know:Line managers can provide essential insight and employee feedback to aid the design of a reward strategy.If line managers are involved in a reward change management project, they can act as advocates when communicating changes to employees.Line managers can play an essential role in supporting employees’ health and ...
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AnalysisWhat are the latest trends in Christmas rewards?
Read more:Gift cards and vouchers remain a popular choice of Christmas reward because they offer employees choice and flexibility around where to spend them.Tailored gifts, such as mobile beauty services, experience vouchers and personalised products, are increasing in popularity among employers.Employers must consider the messages that their Christmas rewards are ...
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AnalysisEmployee Benefits/Nest Pensions Research 2017
Click to download the Employee Benefits/Nest Pensions research 2017The Employee Benefits/Nest Pensions research 2017 was conducted in September 2017 among readers of employeebenefits.co.uk. It received 254 responses.This report is aimed at helping compensation, reward and benefits professionals understand the key issues driving current pensions strategies, as well as issues shaping ...
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AnalysisInfographic: Employees’ expected source of income in retirement
An infographic showing employees’ expected source of income in retirement.!function(e,t,s,i){var n="InfogramEmbeds",o=e.getElementsByTagName("script"),d=o[0],r=/^http:/.test(e.location)?"http:":"https:";if(/^\/{2}/.test(i)&&(i=r+i),window[n]&&window[n].initialized)window[n].process&&window[n].process();else if(!e.getElementById(s)){var a=e.createElement("script");a.async=1,a.id=s,a.src=i,d.parentNode.insertBefore(a,d)}}(document,0,"infogram-async","https://e.infogram.com/js/dist/embed-loader-min.js");Read more: What workplace savings schemes complement pension arrangements?Scisys offers employees savings tool via workplace platform
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AnalysisWhat workplace savings schemes complement pension arrangements?
Need to knowEmployers can offer a variety of workplace savings schemes to meet employees' different financial priorities.Arrangements can include individual savings accounts (Isas), share schemes and additional pension contributions.Employers should focus their retirement support for employees on how much they pay in to, and the growth of, their pension investments.Offering ...
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AnalysisGroup risk in numbers
Facts and figures relating to group risk.!function(e,t,s,i){var n="InfogramEmbeds",o=e.getElementsByTagName("script"),d=o[0],r=/^http:/.test(e.location)?"http:":"https:";if(/^\/{2}/.test(i)&&(i=r+i),window[n]&&window[n].initialized)window[n].process&&window[n].process();else if(!e.getElementById(s)){var a=e.createElement("script");a.async=1,a.id=s,a.src=i,d.parentNode.insertBefore(a,d)}}(document,0,"infogram-async","https://e.infogram.com/js/dist/embed-loader-min.js");
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AnalysisHow to ensure group risk policies comply with state pension age increases
Need to knowEmployers that fail to use the exemption available for group risk benefits allowing cover to cease at the greater of age 65 or the state pension age could find themselves having to fund cover beyond this, or face legal action.Amending a group risk policy is easy, with the ...
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AnalysisInfographic: At what age do group risk benefits terminate?
Three infographics showing the age at which group risk policies terminate their benefits.!function(e,t,s,i){var n="InfogramEmbeds",o=e.getElementsByTagName("script"),d=o[0],r=/^http:/.test(e.location)?"http:":"https:";if(/^\/{2}/.test(i)&&(i=r+i),window[n]&&window[n].initialized)window[n].process&&window[n].process();else if(!e.getElementById(s)){var a=e.createElement("script");a.async=1,a.id=s,a.src=i,d.parentNode.insertBefore(a,d)}}(document,0,"infogram-async","https://e.infogram.com/js/dist/embed-loader-min.js");!function(e,t,s,i){var n="InfogramEmbeds",o=e.getElementsByTagName("script"),d=o[0],r=/^http:/.test(e.location)?"http:":"https:";if(/^\/{2}/.test(i)&&(i=r+i),window[n]&&window[n].initialized)window[n].process&&window[n].process();else if(!e.getElementById(s)){var a=e.createElement("script");a.async=1,a.id=s,a.src=i,d.parentNode.insertBefore(a,d)}}(document,0,"infogram-async","https://e.infogram.com/js/dist/embed-loader-min.js");!function(e,t,s,i){var n="InfogramEmbeds",o=e.getElementsByTagName("script"),d=o[0],r=/^http:/.test(e.location)?"http:":"https:";if(/^\/{2}/.test(i)&&(i=r+i),window[n]&&window[n].initialized)window[n].process&&window[n].process();else if(!e.getElementById(s)){var a=e.createElement("script");a.async=1,a.id=s,a.src=i,d.parentNode.insertBefore(a,d)}}(document,0,"infogram-async","https://e.infogram.com/js/dist/embed-loader-min.js");
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AnalysisHow to engage young employees with group risk benefits
Need to knowDifferent types of group risk protection becomes important at different life stages.Therefore, a one-size-fits all approach to engaging employees with group risk benefits is unlikely to be successful.Employers should speak with young employees to find out which group risk benefits they would find valuable.Young people often feel they ...
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AnalysisThe impact of early intervention services on group income protection claims
Need to knowWorkplace health and wellbeing strategies that incorporate early intervention services can improve employee health and reduce absence costs.Providing access to fast and confidential advice, support and treatment services at the earliest stage of a health problem reduces both the likelihood of a long-term absence from work, and the ...
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AnalysisWhat should a return-to-work strategy for parents and carers include?
Need to know:Initiatives that facilitate peer-to-peer support, such as buddying, can be instrumental in helping parents manage the transition to working carer in light of their organisation’s policies and resources.Line managers should be provided with training to ensure they have effective conversations with employees undertaking maternity, paternity or shared parental ...
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AnalysisHow can employers create greater employee engagement with pensions?
Need to knowRather than focus on pensions, employers can teach concepts such as regular savings and stock market investment as part of broader financial education.An audience can be segmented by factors such as age, life stage, bonus and size of pension fund to make communications personal.Employers should ditch the jargon ...
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AnalysisBenefits technology in numbers
Facts and figures relating to benefits technology.!function(e,t,s,i){var n="InfogramEmbeds",o=e.getElementsByTagName("script"),d=o[0],r=/^http:/.test(e.location)?"http:":"https:";if(/^\/{2}/.test(i)&&(i=r+i),window[n]&&window[n].initialized)window[n].process&&window[n].process();else if(!e.getElementById(s)){var a=e.createElement("script");a.async=1,a.id=s,a.src=i,d.parentNode.insertBefore(a,d)}}(document,0,"infogram-async","https://e.infogram.com/js/dist/embed-loader-min.js");
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AnalysisHow will blockchain technology impact employee benefits?
Need to knowBlockchain technology allows transactions to be exchanged securely and transparently within peer-to-peer networks, and can automate a range of processes.It could streamline areas such as recording education, skills and performance, cross-border payments, VAT administration, payroll, pensions, and private medical insurance.However, it is still in its infancy within HR ...
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AnalysisInfographic: What respondents look for in benefits technology
Two infographics exploring some of the main factors respondents look for in benefits technology, and how they source benefits technology.!function(e,t,s,i){var n="InfogramEmbeds",o=e.getElementsByTagName("script"),d=o[0],r=/^http:/.test(e.location)?"http:":"https:";if(/^\/{2}/.test(i)&&(i=r+i),window[n]&&window[n].initialized)window[n].process&&window[n].process();else if(!e.getElementById(s)){var a=e.createElement("script");a.async=1,a.id=s,a.src=i,d.parentNode.insertBefore(a,d)}}(document,0,"infogram-async","https://e.infogram.com/js/dist/embed-loader-min.js");!function(e,t,s,i){var n="InfogramEmbeds",o=e.getElementsByTagName("script"),d=o[0],r=/^http:/.test(e.location)?"http:":"https:";if(/^\/{2}/.test(i)&&(i=r+i),window[n]&&window[n].initialized)window[n].process&&window[n].process();else if(!e.getElementById(s)){var a=e.createElement("script");a.async=1,a.id=s,a.src=i,d.parentNode.insertBefore(a,d)}}(document,0,"infogram-async","https://e.infogram.com/js/dist/embed-loader-min.js");
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AnalysisHow to measure a return on investment (ROI) on benefits technology
Need to knowThe cost of benefits technology can vary considerably, from a set-up price of £15,000 to £100,000 per organisation for a flexible benefits scheme, depending on the complexity and scale.When it comes to measuring return on investment, research by Personal Group estimates that an organisation with 1,000 employees can ...
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AnalysisInfographic: How do employers measure engagement with online or flexible benefits portals?
An infographic exploring how employers measure employee engagement with their online or flexible benefits portal.!function(e,t,s,i){var n="InfogramEmbeds",o=e.getElementsByTagName("script"),d=o[0],r=/^http:/.test(e.location)?"http:":"https:";if(/^\/{2}/.test(i)&&(i=r+i),window[n]&&window[n].initialized)window[n].process&&window[n].process();else if(!e.getElementById(s)){var a=e.createElement("script");a.async=1,a.id=s,a.src=i,d.parentNode.insertBefore(a,d)}}(document,0,"infogram-async","https://e.infogram.com/js/dist/embed-loader-min.js");
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AnalysisHow are changing ways of working impacting pensions saving?
Need to know:Employers need to be aware how flexible ways of working, such as sabbaticals, job-shares and part-time working, can impact an employee's pension pot.Employers can encourage retirement savings in the modern workplace through measures such as auto-escalation, bonus sacrifice schemes and the Save More Tomorrow programme.Financial education can be ...