All Analysis articles – Page 40
-
AnalysisInfographic: What percentage of global employees often worry about debt?
An infographic looking at the percentage of employees that often worry about how much debt they have (Source: Willis Towers Watson's Global benefits attitudes survey 2015/16, published in February 2016).Read more in How to align financial, physical and emotional wellbeing.
-
AnalysisHow to align financial, physical and emotional wellbeing
Need to know:Financial worries can affect sleep, increasing the risk of mental and physical health problems, pushing up absence and potentially causing safety issues.Segmenting a workforce can make financial education more targeted and effective.Employers should not overlook simple changes, such as making it easier to claim expenses or promoting the ...
-
AnalysisWhat role can management information play in designing benefits strategy?
One of the challenges for HR and benefits professionals can be working out just where they should focus their energy and resources in terms of benefits provision, factoring in what employees want, what is most effective from an engagement and retention perspective, and which elements offer the best return on ...
-
AnalysisHow to engage millennials in the workplace
Engaging with millennials is a particular challenge for employers. This age group tends to have very different values to other generations, and the brand of an employer can be an important element in any decisions around both where to work and how long to stay in a position for.Debra Corey, ...
-
AnalysisHow to gain value on investment from employee benefits
Just how organisations approach the issue of employee benefits, and the broader topics of engagement, motivation and retention, differs from sector to sector and one employer to another.Alan Ritchie, head of trustee and employer proposition at Standard Life, believes there are fundamentally two types of employer. “There are those which ...
-
AnalysisWhat to include in a workplace summer health campaign
Need to knowEmployers can promote sun safety and help employees hydrate; dehydration causes headaches, dizziness and can affect performance.Employers can take advantage of the good weather to encourage employees to get active outdoors.They can flag up country-specific advice and GP helplines to help employees stay healthy on holiday.Warmer weather, longer ...
-
AnalysisHow to select the right default fund approach for an organisation
Need to know:Deciding on a default fund strategy depends on the quality of the investment strategy, the suitability for employees, and ongoing governance.Active funds are targeted at growth and are diversified across a range of asset classes, while passive funds track a market and are considered a cheaper option.Employees’ expected ...
-
AnalysisWhat is the lie of the land for workplace pension schemes?
In May, the Pensions Policy Institute (PPI) published its report Value for money in defined contribution (DC) workplace pensions. This considered the definition of value for money in this context, as well as how both members and employers can gain value from their schemes.An increased focus on gaining value from ...
-
AnalysisThe Pensions Regulator should consider British Home Stores’ demise a wake up call
Need to knowThe Pension Protection Fund caps its compensation.Up to 600 UK pension schemes will never pay full benefits.A pension scheme must not adversely impact an employer’s sustainable growth.The Pensions Regulator (TPR) is under renewed pressure to support employers with large pension scheme deficits following the collapse of British Home ...
-
AnalysisHow does a reward strategy evolve while an organisation grows at pace?
Need to knowWhen an organisation grows quickly, preserving the culture and benefits offering can pose a challenge.Asking employees what they want can help organisations to develop their benefits package to support their continued growth.Employers can consider ways to upscale the more informal benefits staff receive when they are part of ...
-
AnalysisHow can data from group risk products help form a strategy?
Need to know:Data can be used for internal and external benchmarking, which can identify strengths and weaknesses in a group risk strategy.Line management training in workplace wellbeing is key to accurate sickness absence data reporting and analysis.A collaborative and integrated approach to data analysis, involving all group risk providers, will ...
-
AnalysisInfographic: Top five global benefits strategy challenges
An infographic looking at the top five global benefits strategy challenges facing employers (Source: Thomsons Online Benefits’ 2015 Global employee benefits watch, published in October 2015).Read more in How to build a 21st-century total reward strategy.
-
AnalysisHow to build a 21st-century total reward strategy
Need to know:Lifting total reward off the page and making it meaningful is an ongoing challenge for reward managers.A total reward strategy is a great way to attract and retain a talented workforce. But it is important to make sure that all benefits are included.When employees understand the value of ...
-
AnalysisKey trends in workplace health and wellbeing
Learn more about the key trends in workplace wellbeing at Employee Benefits Live 2016 on 11-12 October at Olympia National, LondonWorkplace health and wellbeing programmes aim to make employees healthier, happier and more productive. But, as well as evolving to reflect the latest thinking in health and wellbeing, these programmes ...
-
AnalysisFive key messages to communicate around pensions re-auto-enrolment
Need to knowPensions re-enrolment happens at an employer’s three-year staging date anniversary.Explain the change early, highlight what those employees are outside of the scheme have been missing out on but make it clear they can stay opted out, although they must actively say so.Keep messages bite-sized, accessible and relevant.Given the ...
-
AnalysisWhat will the lifetime Isa mean for employers and staff?
A Lisa is a Lifetime individual savings account (Isa) and it is a new way to save from post-tax income, coming in April 2017. It is aimed at those targeting their first home purchase. It comes with an incentive, similar to a pension, where the government will give a top ...
-
AnalysisInfographic: The worries facing UK employees
An infographic looking at the worries facing UK employees (Source: Mercer research, published in November 2015).Read more in How to engage staff with financial wellbeing.
-
AnalysisHow to engage staff with financial wellbeing
Need to know:Employers are increasingly keen to offer holistic financial education, including around employees’ personal finances.New providers are offering ways employers can offer help with an employee’s personal finances while staying at arm’s length.Like financial education around pensions and benefits, education around personal financial wellbeing can benefit from audience segmentation ...
-
Analysis
8-11: Benefits on offer
Salary sacrifice arrangementsMore than three-quarters (78%) of respondents offer benefits to all staff via a salary sacrifice arrangement, according to the Employee Benefits/Xerox HR Services Benefits research 2016, which surveyed a total of 338 respondents in May 2016. This is six percentage points lower than the 84% of respondents that ...
-
AnalysisInfographic: The challenges employers hope their flex schemes will overcome
An infographic looking at the challenges that employers hope their flexible benefits schemes have, or will, overcome (Source: Aon's Employee benefits and trends survey, November 2015).Read more in What is shaping employers' flexible benefits strategies?