All Analysis articles – Page 4
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AnalysisWhat role does AI play in reward and benefits?
Credit: Looker/Studio-ShutterstockNeed to know:Artificial intelligence (AI) is already starting to impact the world of benefits and reward, in areas such as benefits selection, administration and modelling potential strategies.Employees can also gain through personalised recommendations and support with questions.But concerns remain over data security and the lack of emotional intelligence in ...
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AnalysisWhat will employee motivation look like in 2024?
Credit: Artem Oleshko/ShutterstockNeed to know:Employee motivation strategies need to factor in cost-of-living pressures and the increasing need for personal development.Motivating people to return to the office must be carefully balanced with the motivational aspects of the flexibility of remote and hybrid working.As skill shortages continue, reskilling and upskilling staff, particularly ...
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AnalysisHow to support employees’ health and wellbeing in the winter months
Regular breaks during working hours can help to avoid burnout and boost employees’ physical wellbeing.Employers can support employees suffering from seasonal affective disorder by rearranging the workplace to maximise natural light or enable them to sit near a window.Organisations can implement discount schemes that save employees money on essentials to ...
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AnalysisHow to support employees with neurodiverse conditions
Some neurodiverse conditions can be considered a disability under the Equality Act 2010, so employers have a legal duty to make reasonable adjustments.Employers can put tools in place to holistically support neurodiverse employees’ mental wellbeing.Biases in performance evaluations or promotion should be removed as they are not conducive to a ...
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AnalysisHow can employers support employees’ mental wellbeing during the festive season?
Employers should be aware that the festive season does not mean the same thing to every employee.Creating a supportive, flexible work environment can help employees with increased stress and emotional challenges at this time of year.Providing employees experiencing loss and loneliness with opportunities to give back to the community can ...
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AnalysisDo total reward statements still engage employees with their benefits packages?
Credit: Julia Sudnitskaya / Shuuterstock.comA total reward statement provides an overview of an employment package and its value.Offering choice regarding how a total reward statement is delivered to an employee is key to ensuring effective engagement.A personalised benefits package can help to engage employees with their benefits because it is ...
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AnalysisTop tips for boosting employees’ pensions knowledge
Need to know:Employers can tailor content and communication channels to different employee groups to help with their pensions knowledge.Losing the jargon will make the language of pensions easier to understand and more relevant to staff.They could invest in financial coaching for a more personal approach to pensions education.Workplace pensions are ...
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AnalysisWhat support can employers offer for expatriate staff facing natural disasters?
Rescue helicopter/Jaromir Chalabala/ ShutterstockNeed to know:Pre-assignment risk assessments and briefings can help an expatriate employee feel as prepared as a local if a natural disaster happens.Security risk management firms can support employees with information and support if they are affected by a natural disaster.Employers should check what is included in ...
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AnalysisHow to ensure parental leave policies are inclusive
Employers should start by exploring what potential and current employees are looking for in an inclusive parental leave policy.The use of gender inclusive language in parental leave policies helps to avoid primary caregiver assumptions and ensures all employees feel included.Regularly reviewing policies and seeking employee feedback are also important actions ...
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AnalysisHow to structure a sustainable reward strategy
J.M. Image Factory/shutterstock_1864249615Need to know:Employee benefits can play an important role in helping organisations meet their sustainability goals, as well as helping to attract and retain staff.Travel-related benefits, pensions and carbon-offsetting schemes can all help employees make a difference to their carbon footprint, and that of their employer.It is vital ...
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AnalysisHow to support employees with better sleep habits
Symptoms of a lack of sleep in employees can include reduced concentration, impaired mobility and decreased reaction times.Sleep management and ensuring a better work-life balance should be a part of health and wellbeing strategies.Leading from the top down is effective in addressing that not prioritising rest results in poor long-term ...
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AnalysisHow can voluntary benefits support employees in uncertain times?
Credit: Emerge / Shutterstock (1079190161)Employers should have an understanding of the issues their employees face in order to produce targeted and appreciated voluntary benefits strategies.To combat the cost-of-living crisis, employees can use spend and save platforms to save money on a day-to-day expenditures and weekly grocery shopping.Employees react better to ...
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AnalysisHow are rising costs influencing employers' benefits strategies?
Credit: Eviart / Shutterstock.comNeed to know:Despite the tough economic climate, evidence suggests that employers are not slashing their benefits budgets. Instead, they are making the most of what they already have, and thinking outside the box about inexpensive benefits that they could offer.Employers can make benefits feel personal and relevant ...
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AnalysisHow to conduct a pensions buy-in
A buy-in is a contract between a defined benefit pension scheme and an employer that removes longevity, market, interest and inflation risks.The parties involved include a sponsoring employer, a scheme trustee, advisers to the trustees and the insurer.If it looks like funding levels are affordable for the scheme against current ...
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AnalysisHow employee feedback can inform a benefits strategy
Need to know:When gathering feedback, striking a balance between anonymity and usefulness of the data is key, as is being transparent with how this balance is achieved with employees.Whichever feedback method is used, questions must reflect the workforce, based on all segments of the demographic, but also on their working ...
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AnalysisHow to select benefits technology that is right for a business
Need to know Benefits technology can play a vital role in engaging employees and ensuring take up of benefits. Employers should start by working out what they want to end up with, and then work out how to get there. They should remember to ask questions ...
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AnalysisHow can employers support employees with dementia?
Employers are legally required to make reasonable workplace adjustments where possible for employees impacted by dementia to the point that it satisfies the disability definition.Openly discussing dementia will enable employees to feel more able to disclose diagnoses or issues without fear of repercussions.Employers should offer training for managers and staff ...
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AnalysisWhat do employees value most at Christmas?
Traditional festive gifts such as hampers and vouchers are still valued by employees, as long as choice and personalisation is also offered.More sustainable and socially conscious gifting options have emerged following increased focus on climate change.Due to the cost-of-living crisis, employees may value financial support to help them prepare for ...
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AnalysisWill the Mansion House reforms deliver value for employees?
Need to know:A raft of proposals have been launched to improve value for money in pension schemes.The government’s big theme is to get more invested in private equity, which should boost the economy.Poorly performing schemes could be forced to merge with better performing schemes.In July, Chancellor of the Exchequer ...
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AnalysisHow to address a toxic workplace culture
Need to know:Toxic workplace cultures exist in many UK oganisations, with leaders and managers often to blame.Creating a culture where employees can raise concerns is essential to overcoming such environments.Organisations need to think about how they react where examples of toxic behaviour do occur.Allegations of toxicity and harassment at the ...