All Analysis articles – Page 37
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AnalysisInfographic: How are employers offsetting the national living wage?
An infographic looking at the national living wage offsetting measures employers either have, or were, considering implementing. (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 changing pay ...
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AnalysisInfographic: What information do pension scheme trustees communicate annually?
An infographic showing the proportion of the trustees of defined contribution (DC) pension schemes communicating each item annually or more often (Source: Defined contribution trust-based pension schemes research, OMB Research for The Pensions Regulator, July 2016).Read more in: What should employers expect from today's pension trustee board?
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AnalysisTop tips to boost employee engagement among new recruits
Need to know:An induction provides an ideal opportunity for an employer to engage new employees from the start of their tenure at the organisation.To boost engagement, employers could make benefits available for new starters as soon as they join the business rather than after a set period.Communication about an organisation’s ...
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AnalysisHow is technology changing approaches to measuring employee engagement?
Need to know: Technology has enabled organisations to conduct engagement surveys on a more frequent basis.Apps and mobile-enabled websites allow employers to engage with non-desk-based employees.Real-time analysis and the ability to gather insights through technology can help employers to target specific engagement issues.Employee engagement may have come to be seen ...
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AnalysisHow can employers support 'sandwich generation' employees with their finances?
Need to know:Generation-specific financial education can help inform employees around relevant life events.Giving employees the opportunity to contribute more of their salary into a workplace pension will have a positive impact on those that have missed out on a defined benefit pension and have been enrolled into a defined contribution ...
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AnalysisHow can benefits be utilised to improve employee engagement?
Need to know:Rather than thinking of benefits as a financial or insurance perk, employers should consider how to relate these to what employees need, want or aspire to on a day-to-day level.Employers should promote support services, such as access to an employee assistance programme (EAP), or additional services or tools ...
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AnalysisHow successful are employee engagement strategies?
Need to know:Employees are increasingly swamped by communications so employers need to think carefully about engagement strategies.Successful engagement strategies are built on solid foundations. Employers should start by engaging with staff to work out where they are, then work on their weak areas.A clear sense of purpose and inspiring leaders ...
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AnalysisWhat are the key issues affecting payroll professionals in 2017?
Need to know:Employers must assess whether they are liable for the new apprenticeship levy, especially where they are part of a larger group.Employers should assess how they stack up ahead of the upcoming implementation of mandatory gender pay reporting.A review of data security internally and externally will help to protect ...
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AnalysisHow could workplace automation impact engagement and reward strategies?
Need to know:Increased automation is likely to disrupt established ways of working and individuals’ relationship with employers.Organisations will need to tap into new skill sets, either through reskilling or the attraction of digital and non-traditional talent.As the profile of the workforce diversifies, a more targeted, flexible approach to reward and ...
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AnalysisHow to use visual elements as part of a benefits communication strategy
Need to know:Visual elements can help grab employees’ attention and simplify complex messages.Visuals should have a clear function that fits within an employer’s wider communications strategy.These elements and the way in which they are delivered should be relevant to the employees they are targeted at.In a world where information is ...
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AnalysisBuyer’s guide to employee assistance programmes
The facts:What are employee assistance programmes (EAPs)?An EAP provides confidential information, support and counselling to employees with personal or work-related issues. The service is available around the clock by telephone or online, with a comprehensive EAP also providing access to face-to-face counselling where necessary.An EAP can also support an employer. ...
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AnalysisHow to ensure a flexible benefits scheme is truly flexible
Need to know:Online platforms and portals allow employees to access their benefits offering wherever they like for easy access.Any-time enrolment allows employees to adjust their benefits selection to keep pace with lifestyle changes.Trading benefits up or down ensures employees’ selections can be tailored to reflect their individual circumstances.Today’s always-on consumerist ...
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AnalysisHow to boost employee motivation to aid retention in the new year
Need to know:Laying the groundwork for a motivation strategy should begin in December to help build momentum and excitement for the new year.January is a good time to promote benefits that focus on financial and physical wellbeing.Long-term goals should be broken down into shorter-term targets to bolster employee motivation.After all ...
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Analysis
14: car schemes
Almost two-thirds (65%) of respondents do not receive a car or car allowance as part of their benefits package, either as a business or perk driver, according to the Employee Benefits Salary survey 2017, which surveyed a total of 249 respondents in November-December 2016.More than a third (39%) of respondents ...
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Analysis
13: share schemes
Less than a quarter (23%) of respondents hold shares or share options in their current employer, according to the Employee Benefits Salary survey 2017, which surveyed a total of 249 respondents in November-December 2016.This figure has changed little since the Salary survey was conducted in 2009 and 2008, when 26% ...
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AnalysisHow are benefits strategies expanding to support employees’ lives outside of the workplace?
Need to know:Issues affecting employees’ lives outside of work can have an impact on their wellbeing and performance in the workplace.Benefits can support staff with everyday concerns through to major life events.A continuous communication strategy will help remind employees that these benefits are available to them at the different times ...
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AnalysisHow can gamification be utilised in a benefits communication strategy?
Need to knowGamification is not necessarily just about playing games; it is all about using game principles, such as competition, to engage with employees.It can be used as a tool to educate a workforce about pensions, health and wealth.Gamification also includes wearable technology.Employers can use gaming to communicate with their ...
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AnalysisHow to engage employees with corporate gift cards
Need to know:To engage employees with corporate gift cards, organisations should involve staff in the creation of a scheme.If employees have an input into the parameters of an incentive scheme, they are more likely to show greater appreciation of a reward.Offering employees a choice of reward will also increase engagement ...
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AnalysisHow to use benefits to boost engagement and motivation during a busy Q4
Need to knowReward and recognition schemes can motivate staff to meet quarterly and year-end targets.Employers should think about what benefits would help employees in the last few months of the year.Physical, financial and mental wellbeing benefits can provide support for staff during a busy fourth quarter.For sectors such as retail, ...
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AnalysisInfographic: The top benefits highly engaged employees received in 2015
An infographic showing the top benefits that were received by highly engaged employees in 2015 (Source: Red Letter Days for Business' The rewards report, March 2016).Read more in The latest trends in the corporate gift card market.