All Analysis articles – Page 42
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AnalysisHow to engage staff with company car schemes
Need to know:Pre-launch communications can help build momentum around company car schemes.A comprehensive, sustained communications strategy can drive continued engagement with cars as a benefit.Tailored communications can ensure that all staff are aware of company car schemes and the value they can provide.Offering employees access to a car through their ...
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AnalysisInfographic: How benefits choices differ across generations
An infographic looking at how benefits choices differ across generations (Source: Aon Employee Benefits' Employee reward and benefits for multi-generational workforces report, September 2015).Read more about how to create a benefits strategy for an 'ageless' workforce.
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AnalysisHow to create a benefits strategy for an 'ageless' workforce
Need to know:Workplaces are becoming increasingly multi-generational.But this does not necessarily mean employee benefits should also become increasingly segmented and generation-specific.The answer is likely to lie more in segmentation and targeting of benefits communications than employee benefits themselves.Many workplaces are becoming ever more age-diverse as the working population ages, and ...
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AnalysisHow can employers help staff maximise their options under the pension freedoms?
Need to know:Some employers have adjusted their pension schemes in response to the pension freedoms, and others are investing more time and effort in offering financial education.While some, often wealthier and more financial savvy, employees have taken advantage of the new freedoms, many others are struggling to navigate the new ...
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AnalysisUnderstanding pensions governance
From April 2015, all firms that operate workplace pension schemes have been required to establish and maintain an independent governance committee (IGC), which has a clear duty to act independently of the business. All IGCs must produce a publicly available annual report setting out information on the schemes’ value for ...
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AnalysisWhat lessons can reward professionals learn from sport?
Need to know:Transferrable lessons from sports professionals can help shape benefits strategies.In some instances, motivational benefits can be as significant as pay when it comes to engaging and retaining employees.Workplace healthcare programmes inspired by the sporting world can boost productivity and motivation.The 2016 Olympics kick off in Rio de Janeiro, ...
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AnalysisHow much is a good-quality pension scheme really worth?
Offering a good-quality pension scheme that goes beyond the legal minimums can be an effective tool to recruit, retain and engage employees.What is the value to employers of offering a good-quality pension scheme?There is a very strong and increasing focus on pensions. With the move away from defined benefit schemes, ...
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AnalysisBuyer’s guide to computer salary sacrifice schemes 2016
The factsWhat is a computer salary sacrifice scheme?This is an arrangement where an employer buys a computer from a computer scheme provider and then loans it to an employee, typically via a flexible or voluntary benefits scheme. The employee repays the cost through their gross pay.Where can employers get more ...
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AnalysisWhat does 2016 hold for employee engagement?
Need to know:The use of technology to support and increase engagement through networks, forums and idea sharing platforms can also unlock the creativity and innovation within the workforce.Employee engagement strategies should evolve to reflect changing workforce demographics, such as the growing number of generation Y employees.Employee wellbeing should form a ...
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AnalysisInfographic: What will motivate employees in 2016?
An infographic looking at what will motivate employees in 2016 (Source: Red Letter Days for Business' Employee motivation: who came out on top in 2015 report, published in January 2016).Read more in Can a one-size-fits-all motivation strategy work?
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AnalysisCan a one-size-fits-all motivation strategy work?
Need to know:A one-size-fits-all approach to employee motivation can be successful as long as it includes an element of choice for staff.Involving employees and garnering their opinions on a motivation strategy can keep it relevant to the organisation.Many parties within an organisation can take a role in helping to motivate ...
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AnalysisHow to engage employees with childcare support
Need to know:Line managers have a pivotal role in engaging working parents with childcare benefits by demonstrating their support and understanding.Creation of in-house parent networking groups or family support groups will help increase engagement by encouraging employees to join or participate.Childcare provision that is aimed at fathers, as well as ...
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AnalysisHow to incorporate fitness into the workplace
Need to know:Employers should avoid the word ‘fitness’ because it can put off less-active employees; think ‘activity’ instead.A programme that is habit forming, such as a walking challenge or stair prompts, helps engage employees in health and wellbeing.Programmes can be made fun by including an element of competition, and a ...
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AnalysisHow to identify the best type of share plan for an organisation
Need to know:Employers need to choose the employee share scheme that matches their business objectives and the interest and eligibility of those they hope will sign up to it.The number of new shares that can be issued under employee share plans will have a limit, so employers should ensure the ...
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AnalysisHow can technology be used in workplace pension schemes?
Need to know:The pensions freedoms mean there is more need for employers to facilitate online access to pensions.Modellers and apps are helping people map out potential retirement options.Robo-advice is providing tailored guidance to employees without the need for a financial adviser.Some platforms can link with other pension pots, personal savings ...
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AnalysisWhere does responsibility lie for educating staff about their options at retirement?
Need to know:Nearly a year after the introduction of the pension freedoms in April 2015, confusion still exists around these.Pension scheme providers have a key role to play in guiding staff to information sources such as Pension Wise.Establishing quality standards around at-retirement products could make it easier for staff to ...
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AnalysisAre health cash plans a viable alternative to private medical insurance?
Need to know: Considering cost and employees’ needs is vital when choosing between health cash plans and private medical insurance (PMI). Health cash plans sit well alongside other healthcare benefits, including PMI. Cash plans have been developed to meet the increasingly diverse needs of organisations and their staff.Health cash plans ...
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AnalysisCan the government afford to get rid of salary sacrifice?
Need to know:Salary sacrifice arrangements are currently under review by the governmentSuch arrangements can be costly for government in terms of tax revenues but create valued tax savings for employers and staff.Organisations and workers could be demotivated if the government removed salary sacrifice arrangements all together.Find out more about all ...
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AnalysisHow will the national living wage impact reward strategies?
Need to know:Businesses should analyse the cost implications for payroll and earnings-linked benefits.Salary sacrifice arrangements could result in non-compliance by bringing pay below the new £7.20 hourly rate.Investing in the workforce through employee benefits can drive productivity and thereby help mitigate higher wage costs over the long term.In his 2015 ...
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AnalysisInfographic: The use of salary sacrifice against the new national living wage
An infographic looking at how many organisations have considered the use of salary sacrifice against the new national living wage minimums (Source: Jelf Employee Benefits survey, conducted in November 2015).Read more about how the national living wage will impact reward strategies.