All Analysis articles – Page 38
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AnalysisWhat are the latest trends in the corporate gift card market?
Need to knowGift cards can be a great way to reward staff, but reward and benefits managers should think carefully about how they present the vouchers to maximise their impact.Keeping a wide-ranging workforce engaged can be a challenge; gift cards are a great way to keep everyone happy.E-codes are a ...
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AnalysisHow to engage staff with long-term business growth
Need to know:A cultural change may be needed to shift employees’ focus from short-term goals to longer-term organisational objectives.Building a narrative around benefit strategies and illustrating how this ties into an organisation’s values can help engage staff with long-term business growth.Benefits that demonstrate employers have a long-term commitment to staff ...
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AnalysisBuyer’s guide to financial education
What is financial education? Financial education provides employees with information and guidance relating to financial matters. It can cover workplace benefits such as pensions, share plans and insurance products, as well as mortgage information and issues such as dealing with debt. Financial education aims to help staff have control over ...
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AnalysisBuyer’s guide to share incentive plans
What is a share incentive plan?Share incentive plans (Sips) were created in 2000 as an employee share plan that could help staff save in a tax-efficient way. Employees can purchase shares or be awarded free shares.Sips have tax advantages. The monetary contributions come from an employee’s pre-tax salary, meaning that ...
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AnalysisHow to create a workplace programme to incentivise healthy behaviour
Need to knowAn employer should pick a broad range of healthy behaviours to reward to avoid alienating groups of employees.Short challenges can help to improve behaviours but a continual programme will encourage more employees to adopt healthy habits for the long term.An employer should select rewards and incentives carefully; for ...
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AnalysisIs it time for an image overhaul for voluntary benefits schemes?
Need to know:Voluntary benefits now form part of a wider approach to employee engagement.Access through mobile apps and online portals has helped to create a new face for voluntary benefits schemes.Employees increasingly expect to be offered voluntary benefits as a standard part of their reward package.Voluntary benefits schemes have long ...
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AnalysisHow to break the taboos around mental health in the workplace
Need to know:Although there is a lot of awareness around mental ill health, there is still a stigma attached to discussing it in the workplace.Employers should promote initiatives that can help support mental wellbeing such as an employee assistance programme (EAP), occupational health, and mental health first aid training.Creating open ...
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AnalysisInfographic: What is shaping employers' benefits strategies?
An infographic showing the top five issues shaping employers' benefits strategies in 2016. (Source: Employee Benefits and Xerox HR Services' Benefits research 2016, published in June 2016).Read more in: Is there a place for personalisation in an employee benefits strategy?
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AnalysisWhat is involved in a benefits feasibility study?
Need to know:Benefit professionals need to conduct feasibility studies to assess the implications of new benefit options.Cost, tax and legal issues should be considered.Consultants, providers and advisers can all provide information.Speaking to employees is also a good idea.Any employer looking to introduce a new benefits package will need to build ...
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AnalysisHow can pension schemes’ asset allocation accommodate drawdown in retirement?
Need to knowThe easiest way to offer in-scheme drawdown is to use a third party such as a provider or master trust.Diversified multi-asset funds are recommended for employees on a glidepath to drawdown. These are designed for low volatility, but with real prospects of growth to keep pace with future ...
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AnalysisHow to repurpose a health and wellbeing strategy to help manage musculoskeletal disorders
Need to know:Mental health can be closely interlinked with physical conditions, such as musculoskeletal disorders (MSDs).Rehabilitation initiatives, such as modified duties and flexible working, are a key approach to reintroducing staff back into the workplace after an MSD-related absence.Wearable technology and health initiatives can be a useful tool for encouraging ...
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AnalysisBuyer’s guide to group dental plans
The factsWhat are group dental plans?A dental plan is typically an insurance-based scheme that offers employees cover for various dental treatments, such as check-ups, fillings, crowns and bridges. The benefit can be provided as a fully funded perk, via a private medical insurance scheme or as part of a health ...
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AnalysisHow to create an effective Christmas incentive strategy
Need to know Employers must define what ‘effective’ means to their organisation.Employees’ differing cultural and religious beliefs must be identified and respected.A personalised approach can prove to be a win-win for employers and staff.Christmas may seem like a lifetime away, but now is the perfect time for employers to start ...
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AnalysisWhat will caring policies of the future look like?
Need to know:A formal caring policy can help to bolster support for carers in the workplace.Benefits such as an employee assistance programme (EAP) or childcare vouchers can be used to support an existing caring policy.Flexible-working arrangements, as well as paid or unpaid leave, are popular aspects of a successful caring ...
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AnalysisHow to create a year-round pensions engagement strategy
Need to know:A year-round pensions engagement strategy can help to maintain and increase interest levels over the longer term.Certain personal and national events can serve as opportunities to shine a spotlight on pensions and build momentum.Including pensions in a wider financial wellbeing strategy can enable staff to better visualise the ...
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AnalysisInfographic: What benefits do employees want around the world?
An infographic showing how much of an organisation's reward budget is being allocated to which benefit offering (Source: Willis Towers Watson's Global benefits attitudes survey, January 2016).Read more in: How to construct a market-leading global benefits strategy
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AnalysisHow to construct a market-leading global benefits strategy
Need to know:A global benefits strategy will usually consist of a set of over-riding reward philosophies that are applied differently in different countries.A benefits strategy should be designed with clear objectives in mind, including how it aligns with the employer’s business strategy.Some benefits, such as share plans or fitness initiatives, ...
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Analysis
Video: Tim Middleton - Mitigate the risk of pension scams
Tim Middleton, technical consultant at the Pensions Management Institute, talks about:What is the latest court ruling around pension scams?What do employers need to be aware of around pension scams?What resources are available to help employers educate employees about pension scams?What obligation do employers have to educate employees about the risk ...
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AnalysisHow to support employees coping with bereavement
Need to know:There is no typical response to loss or timeframe for the grieving process; employees will require different support mechanisms over both the short and longer term.Access to external support, such as employee assistance programmes and counselling services, can help employees with the emotional impact of bereavement.Bereavement training and ...
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AnalysisHow is the voluntary benefits market evolving?
Need to know:New market entrants have helped to rejuvenate the voluntary benefits market.DNA tests are one of the latest voluntary benefits on the market.Technology is driving innovation.The rebrand of Asperity Employee Benefits as Reward Gateway in 2013 gave the voluntary benefits market the kick-start it needed to review its workplace ...