All Analysis articles – Page 41
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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?
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AnalysisWhat is shaping employers’ flexible benefits strategies?
Need to know:Flexible benefits schemes must evolve to meet the changing needs of employers and employees.More data has become available, which can help employers to shape a flexible benefits strategy.Employers can draw on employee feedback and past behaviours to ensure the strategy is of value to their workforce.The information that ...
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AnalysisEducating employees about potential pension scams
Need to know:A February 2016 High Court ruling has raised concerns around savers’ susceptibility to pension scams.Employers can play a role in educating staff about scams to help them avoid this risk.Signs to look out for include cold calls and pressure to make a transfer, among others.Employers shoulder a great ...
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AnalysisHow can employers support staff with eating disorders?
Need to know:Eating disorders affect more than 725,000 people in the UK, with the number increasing at an average of 7% a year since 2009.Warning signs include weight loss or gain, marked changes in behaviour such as an obsession with food or exercising, mood swings, lack of concentration and increased ...
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AnalysisThe key announcements to take note of from the Budget 2016
Need to know:In the Budget 2016, the government announced the alignment of the national minimum wage and national living wage cycles.From April 2018, employer national insurance contributions will be payable on termination payments exceeding £30,000.The 0.5% apprenticeship levy will be introduced from April 2017 as planned; this will only impact ...
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AnalysisInfographic: Reasons employees feel ashamed of the organisation they work for
Infographic looking at the reasons employees feel ashamed of the organisation they work for, or have worked for (Source: Public Relations Consultants Association and Opinium research, published in June 2015).Read more in How do benefits impact an organisation's reputation?
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AnalysisHow do benefits impact an organisation’s reputation?
Need to know:Engaged employees are more likely to take pride in the organisation they work for and act as brand ambassadors.Careful management, particularly around communication and social media, can limit fall-out in situations where benefits are removed or are insufficient.Going above and beyond legal requirements or the industry norm can ...
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AnalysisHow to engage employees with corporate social responsibility policies
Need to know:Effective communication is needed to engage employees with corporate social responsibility (CSR) policies.Employees involved in CSR initiatives are generally more engaged with an organisation’s culture and values.Communication could take a range of forms, for example, highlighting CSR aims through a bikes-for-work scheme.Corporate social responsibility (CSR) policies can highlight ...
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AnalysisCan employee involvement boost engagement in a motivation strategy?
Need to know:Involving staff in motivation schemes can encourage take-up.Social events, charitable initiatives and exercise classes are often popular.Peer-recognition schemes can also make employees feel involved.The UK has an employee motivation problem. Research by Argos for Business conducted for Employee Motivation Day, published in February 2016, found that just 30% ...
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AnalysisInfographic: The content employers would like to include in financial education programmes
An infographic looking at the content employers would like to include in financial education programmes (Source: Nudge Global's Financial education: the definitive guide 2016 research, published in March 2016).Read more in What do employers need to know about financial education?
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AnalysisWhat do employers need to know about financial education?
Need to know:More employers are recognising the importance of supporting employees’ financial wellbeing in the workplace with education programmes.Financial education programmes should cover a broad range of financial topics.Determining the issues that are important among staff can be a sensitive task, so it can be more effective to let employees ...
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AnalysisBack to basics on pensions auto-escalation
Need to knowAuto-escalation is a design built into a pension scheme that automatically increases contributions on a set date at regular intervals, for example, April each year.While it is similar to the Save More Tomorrow concept in the US, auto-escalation has not yet taken off to any great extent in ...
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AnalysisBuyer’s guide to contract-based defined contribution pension schemes
What are contract-based defined contribution (DC) pension schemes?Defined contribution (DC) schemes are pensions that build a monetary pot for the employee. They are referred to as contract-based because the employee has a contractual agreement with the pension provider.What are the origins of contract-based DC pension schemes?DC schemes were introduced in ...
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AnalysisWhat impact has medical inflation had on international private medical insurance policies?
Need to know:An average increase of 9.1% is on the cards for international private medical insurance schemes according to Aon Hewitt’s 2016 Global Medical Trend Rates report.Insurers have developed strategies including hospital networks and claims management to control treatment costs.Employers should consider tiered cover, varying the level of cover and ...
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AnalysisEmpowering everyone to save for retirement
Need to know:The introduction of the new state pension could have implications for what support employers offer and how they communicate this.Although auto-enrolment and the new state pension go some way to reducing inequality in pension provision, there is still much more to be done.Employer matching and auto-escalation could encourage ...
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AnalysisTop tips for communicating to a multi-generational workforce
Need to know:Targeted messages can help ensure communications are relevant, but they should not exclude any individuals or information.Organisations should take into account employee feedback and campaign data to determine whether an approach is effective for its particular workforce.Utilising a variety of communication channels enables employees to consume information in ...
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AnalysisCaring benefits for a multi-generational workforce
Need to know:Societal changes, especially the ageing workforce, means supporting working carers is a key issue for employers.Employers should take stock of caring requirements within their organisations to ensure staff receive relevant and valuable support.Well-tailored benefits packages could help an organisation to win the race to hire and retain talented ...
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AnalysisIs sleep management the next big thing in workplace health and wellbeing?
Need to know:Lack of quality sleep can affect employee productivity, engagement and stress levels.Employers must gauge how to tackle employees’ sleep problems to best suit their needs.Sleep management programmes could include seminars, data analysis and even the introduction of sleeping pods in the workplace.Addressing sleeping habits and their impact on ...
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AnalysisThe evolving role of technology in company car schemes
Need to know:Telematics can enable a more proactive approach to car maintenance.Black-box telemetry could also be used to encourage good driver behaviour and capture mileage data, leading to cost savings.As technology continues to advance, employers will need to consider how they communicate and engage staff with telematics.As the technology used ...
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AnalysisHow to reduce company car scheme costs and administration
Need to know:A joined-up approach to fleet, travel and expenses can identify potential cost savings and areas for policy optimisation.Focusing on mobility and total journey cost can help determine the most appropriate means of travel.Data connectivity between employers and providers can enhance efficiency and help to control costs.Company car schemes ...