All Analysis articles – Page 36
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AnalysisEmployee wellbeing: making the connections
There is plenty of buzz around employee wellbeing, with everything from fresh fruit and fitness challenges to mindfulness sessions and financial education being promoted as key to employee happiness. But, while any of these could lead to improvements in employees’ health and happiness, understanding the connection between physical, mental and ...
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AnalysisHow can employers use technology to engage employees with their health and wellbeing?
Need to know:The use of technology is helping employers to engage staff in health and wellbeing initiatives.Wearables can help track an individual’s health as well as their activity.Other apps can help offer advice around wellbeing, and access to medical support.Technology is playing an increasingly prominent role in helping employers to ...
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AnalysisWhy should employers be concerned with holistic employee wellbeing?
Need to know:Employee wellbeing can have a significant impact on the workplace, affecting everything from performance and productivity through to engagement, sickness absence, and staff turnover.Minor illnesses, such as headaches, can often mask more serious health and wellbeing issues, such as stress.Creating an open culture where employees feel their health ...
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AnalysisHow to control the cost of employee benefits provision
Need to knowThe cost of benefits is increasing due to changes such as those impacting pensions auto-enrolment contributions, salary sacrifice arrangements and insurance premium tax.A risk-based approach taking in everything from financing mechanisms to claims controls can help secure the optimum benefits package for an organisation.Communicating benefits pushes up employee ...
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AnalysisHow can employers measure a return on investment for financial education?
Need to know:Employers should first assess the current level of financial awareness among their employees.A return on investment (ROI) for a financial education programme can be partially measured via hard data such as benefits take-up figures or increased log-ins to a pension portal.Integrating education with financial products and services available ...
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AnalysisTotal reward for the modern workforce
Need to know:Total reward strategies must develop in line with the profile of the modern workforce, including part-time and flexible-working employees, as well as a greater generational diversity.Employers should offer benefits around career and personal development, wellbeing, and recognition to attract and motivate a wide range of employees.Employers need to ...
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AnalysisHow can benefits support staff affected by suicide?
Need to know:Supporting an employee back to work after a suicide attempt may involve increased sensitivity in terms of both the employee and their employer or manager.There are steps that employers can take to support staff that have lost a loved one or colleague to suicide.Developing a postvention strategy can ...
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AnalysisHow can benefits support suicide prevention in the workplace?
Need to know:A clear commitment to employee wellbeing can help to erode the stigma around suicide and mental ill-health and encourage staff to engage with support services.Communication and training is key to ensuring employees and line managers have a good understanding of the benefits available to them and how to ...
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AnalysisWhat do employers need to consider around expatriate PMI pre-assignment?
Need to know:Prior to assignment, an employer can tailor its private medical insurance (PMI) plan to suit budgets or local markets.Employers need to make sure that they work with a provider, or broker, that has knowledge of global markets.Employers should make sure that the provider offers expats access to a ...
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AnalysisBuyer’s guide to corporate eyecare
What is corporate eyecare? Corporate eyecare is an employee benefit that helps employers to comply with health and safety obligations for staff who use visual display units (VDUs), or to help those who drive on business. The most common ways to provide corporate eyecare include e-vouchers, through a health cash ...
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AnalysisTop tips for promoting a seasonal voluntary benefits programme
Need to know:Certain voluntary benefits may be more relevant to staff at specific times of year.Linking voluntary benefits to the seasons could help to increase engagement and take-up.Using marketing techniques can help to promote relevant voluntary benefits to employees.The clocks have ticked over into British Summer Time and Easter paraphernalia ...
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AnalysisHow to incorporate corporate social responsibility into a motivation strategy
Need to know:Corporate and social responsibility (CSR) activities can include a range of initiatives such as payroll giving, charitable fundraising, volunteering, and environmentally-friendly schemes.While large employers have a duty to report their corporate sustainability actions, employers can benefit from promoting CSR through the attraction and retention of key talent.Engaging employees ...
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AnalysisHow to support cardiovascular health in the workplace
Need to know:Encourage staff to adopt healthy behaviours to help reduce the risk factors associated with cardiovascular disease.Raise awareness of heart health and ensure staff feel able to engage with the health interventions available to them.Support for employees returning to work after a cardiac event should take into account both ...
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AnalysisWhat impact will the Lifetime Isa have on UK workplace pensions?
The launch of the Lifetime individual saving account (Lisa) presents an attractive new way for people to boost their savings for a deposit for a first home or their pension pot on retirement, but it should not be seen as an alternative to paying into a workplace pension.From April 2017, ...
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AnalysisInfographic: Proportions of independent and traditional workers in the UK workforce
An infographic looking at the proportions of independent and traditional workers in the UK workforce. (Source: McKinsey Global Institute's Independent work: choice, necessity and the gig economy report, October 2016)Read more in How will the gig economy affect employee benefits?
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AnalysisInfographic: How satisfied are traditional and independent workers?
An infographic looking at the satisfaction levels among traditional and independent workers. (Source: McKinsey Global Institute's Independent work choice: necessity and the gig economy report, October 2016)Read more in How will the gig economy affect employee benefits?
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AnalysisHow will the gig economy affect employee benefits?
Need to know:Gig workers are revolutionising the service economy. However, employers must tread carefully when offering them benefits or risk legal action and costly reclassification exercises.Arm’s-length benefits arrangements are evolving, where employers act as facilitators, rather than directly contributing financially.The government is currently investigating how the law treats gig workers, ...
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AnalysisInfographic: How are employers in different sectors approaching the national living wage?
An infographic looking at the proportion of employers implementing, or considering implementing, national living wage offsetting changes by sector. (Source: Incomes Data Research's Impact of the national living wage: a report for the Low Pay Commission, October 2016)Read more in How to future proof a reward strategy in light of ...
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AnalysisWhat is the role of long-service awards in today’s workplace?
Need to know:Long-service awards can form part of a wider employee motivation and recognition strategy.Recognition dates have become more frequent, with some employers now celebrating employee service annually.Long-service awards have developed to offer personalised gifts for staff, such as e-gift cards, rather than a pre-determined reward.Long-service awards have traditionally been ...
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Analysis
Buyer’s guide to off-the-shelf voluntary benefits packages
The facts:What is an off-the-shelf voluntary benefits package?An off-the-shelf voluntary benefits package is a ready-prepared scheme that employers can implement for staff, providing employees with access to retail discounts and offers. These discounts can be delivered to staff in either a digital or paper-based format. Off-the-shelf voluntary benefits packages can ...