All Analysis articles – Page 44
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AnalysisThe pros and cons of using in-house and external financial education expertise
Need to know:A good financial education scheme should help an organisation achieve its wider business objectives, increase engagement, improve financial wellbeing and improve the employee’s understanding of their benefits and their own personal finances.Employers can look to both in-house resources or external parties to provide financial education programmes.A financial education ...
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AnalysisHow the physical workplace can help manage musculoskeletal disorders
Need to know:Musculoskeletal disorders (MSDs) represent a large proportion of working days lost to ill health.Employers can help staff make adjustments to the physical workspace to prevent and manage MSDs.Movement is an important factor in managing MSDs.Musculoskeletal disorders (MSDs) can represent a huge burden to UK employers: the latest Labour ...
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AnalysisInfographic: The key benefits of financial education
An infographic outlining employers' views about the benefits of offering financial education to staff. (Source: The Employee Benefits/Close Brothers pensions research, November 2015)Read more about the key areas of focus for financial education.
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AnalysisWhat are the key areas of focus for financial education?
Need to know:Demand for financial education is growing, with the changing pensions landscape a key driver.Investing in this area can help employees to engage with flexible benefits packages and potentially reduce anxiety and stress around money.Training is most effective when it is personalised and tailored to the specific employee demographic, ...
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AnalysisInfographic: Employees' views about the impact of workplace pensions
An infographic outlining employees' views about how workplace pensions impact them (Source: Workplace pensions report 2015, Scottish Widows, September 2015).Read more about how to differentiate a pensions offering to attract talent.
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AnalysisHow to differentiate a pensions offering to attract talent
Need to know:Pensions differentiation does not have to be all about contribution levels. The first step is to help employees understand the benefit.Master trusts can provide great tools and the complete panoply of post-retirement options.Behavioural science can be harnessed to improve pensions engagement, because employees are more receptive in certain ...
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AnalysisHow could gamification be used to support a financial education strategy?
Need to know:Gamification provides an additional channel through which staff can learn about financial matters.Introducing gamification into a financial education programme could help to increase employee engagement with financial wellness, particularly among younger staff.Embracing digital game elements that can be accessed on a number of devices can tap into the ...
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AnalysisInfographic: The reach of gaming across age groups
An infographic outlining gaming habits across age groups (Source: ISFE/Ipsos Connect’s GameTrack Digest: Quarter 2 2015, published in September 2015).Read more about how employers can use gamification to support a financial education strategy.
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AnalysisInfographic: What is included in employers' total reward statements?
An infographic outlining what is included in employers' total reward statements. (Source: Aon's Employee benefits and trends survey, November 2015)Read more about how to make total reward statements relevant to staff.
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AnalysisHow to make total reward statements relevant to staff
Need to know:There are many ways of positioning total reward statements (TRS) for maximum engagement but, for this to succeed, they must be embedded in all employee-related aspects of the business.Timely presentation of a well-developed and detailed TRS can be an effective driver of retention, particularly when employees are considering ...
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AnalysisInfographic: What global wellness programmes do employers commonly provide?
An infographic on commonly provided global wellness programmes. (Source: Aon Hewitt 2016 Global medical trend rates, November 2015).Read more about how to address local healthcare needs across a global workforce.
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AnalysisHow to address local healthcare needs across a global workforce
Need to know:Local differences including state healthcare provision, insurance regulations and culture will affect how a global health and wellbeing strategy is applied in different countries.As well as improving employee health, global wellbeing challenges can encourage greater teamwork and underline the organisation’s commitment to its workforce.Language differences and regional events ...
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AnalysisFive predictions for employee benefits in 2016
Need to know:April 2015’s pension freedoms have formed a gap in the market for bespoke pensions.Increasing pressure to publish pay data may lead to more employers doing so voluntarily.Technology and staff-driven benefits are likely to increase in popularity.Through 2016 and beyond, employee benefits will evolve as staff wants and needs ...
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Analysis
How to ensure default investment strategies result in good member outcomes
With the majority of defined contribution (DC) pension scheme members using their scheme’s default investment solution, ensuring this is fit for purpose is vital for employers. There are several key issues that they must address to ensure their scheme’s default investment strategy results in good member outcomes. How have April ...
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AnalysisWill there ever be a solution to the gender pay gap?
Need to know:Eradicating gender stereotypes could help to bridge the pay gap.Pay audits must include additional remuneration.Efforts to close the pay gap should be supported by workplace cultures that embrace and facilitate diversity.The inconsistency in remuneration between male and female workers compelled the government to pass the Equal Pay Act ...
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AnalysisHow to make company car schemes appealing to today’s workforce
Need to knowPutting choice and flexibility at the heart of a company car scheme can increase engagement with the benefit.Employers must be mindful of the varied requirements and priorities of its workforce.Relevant and comprehensive communication provides employees with a full understanding of company car schemes and can boost take up.As ...
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AnalysisBuyer’s guide to group income protection
The factsWhat is group income protection?Group income protection (GIP) provides an income to an employee when they are unable to work as a result of an illness of injury. Payment usually starts after a set waiting period, normally six months, and can continue until the employee returns to work or, ...
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AnalysisTop tips to support staff through the festive season
Need to know:Employers can offer treats and perks to help staff stay motivated during the festive season.Personalised gifts or a ‘thank you’ can boost engagement levels.Employers can introduce new year initiatives in December to combat the January blues.The Christmas season brings a mix of emotions for employers and their staff. ...
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AnalysisHow employee health data can help inform an absence management strategy
Need to know:Employers can look for patterns in their data, including higher levels of absence in a particular department or spikes in certain types of absence.They can investigate instances where an employee has higher absence rates because this could be caused by illness or personal issues such as elder care, ...
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AnalysisWhat impact will the insurance premium tax rise have on healthcare benefits?
Need to know:Insurance premium tax (IPT) increased from 6% to 9.5% from 1 November 2015, although there is a transitionary period until the end of February 2016.This will affect private medical insurance (PMI) premiums in particular, but there will also be a knock-on effect on national insurance (NI) contributions and ...