All Analysis articles – Page 47
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AnalysisTop tips for using social media to communicate employee benefits
If you read nothing else, read this…Employers can use internal social networks to send out benefits communications.Communications need a clear strategy and purpose to be successful.Involving employees in the communications can help increase engagement with benefits.1. Use internal networksThere are a range of enterprise social networks (ESNs) being used internally ...
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AnalysisWhat are the latest trends in occupational health?
If you read nothing else read this…Employers are working with occupational health to meet legal working requirements.Occupational health services can help an employee manage sickness absence and mitigate health risks.Technology is being increasingly used for management referrals and remote consultations.There are generally three types of occupational health model: outsourced remote ...
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AnalysisWhat are the latest trends in default investment strategies?
If you read nothing else, read this…The pension freedoms and auto-enrolment have impacted default funds.Default investment funds should offer employees choice and future-proofing in order to be effective saving tools.Employer communication is vital to ensure staff are aware of their options and what the default fund entails.Opportunity for changeThe pension ...
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AnalysisThe cost impact of an ageing workforce
If you read nothing else, read this…As the workforce ages, employers will need to rethink the design and provision of healthcare and group risk benefit offerings.Limited-term or flexible group income protection (GIP) provision is likely to become more commonplace, as employers try to retain some form of provision for older ...
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Analysis
33: LV= industry insight - Good retirement advice is key to good retirement outcomes
The radical changes to pensions mean that employees now have much greater flexibility and choice over how to access their pensions than ever before. The ability to take as much as you like from your pension when you like, combined with the tax changes to allow wealth transfer, offers the ...
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AnalysisWhat role does reward play in a talent management strategy?
If you read nothing else, read this…Reward can be used to reinforce the organisational values that are important to an employer.If behaviours are important to an employer, it should consider the way in which results are achieved, not merely that targets are met.Reward can be used in every part of ...
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AnalysisHow does the benefits app market compare with consumer apps?
If you read nothing else, read this…Mobile apps can provide employees with access to benefits wherever and whenever the need arises.Apps can complement traditional benefits communication and tap into the changing ways in which staff consume information.The increasing use of smartphones and the growing familiarity with digital technology in the ...
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AnalysisWhat place does wearable technology have in workplace health strategies?
If you read nothing else, read this…Data collected from wearable devices can provide meaningful insights for both employers and individual users.An effective communication strategy and supportive culture can enhance the take-up and continued use of wearable devices.Wearables may become more widespread in the workplace as the sophistication and functionality of ...
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AnalysisWhat are the latest trends in Christmas incentives?
If you read nothing else, read this…Giving employees choice in their Christmas reward can be very effective.The popularity of traditional incentives, such as hampers and wine, is declining.Personalised, memorable and technology-based benefits can motivate employees.Failure by employers to effectively plan and deliver end-of-year recognition leads to around a third (34%) ...
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Analysis
39 - Communication: Top tips to create effective benefits branding
BOX: If you read nothing else, read this…An employee benefits scheme needs catchy and effective branding if it is to engage staff.Branding should complement the employer value proposition and external branding, but should also stand out as a distinct identity.Tailor any messages to workforce demographics and keep it simple. Darren ...
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Analysis
8 - Red Letter Days industry insight: Employee productivity: The hygiene factors affecting our workforce
Productivity in the UK is low. In fact, it is so low the UK stands nearly at 20% below the average for G7 countries. The government has put a Fixing the Foundations plan in place to help tackle the problem. Many organisations have also started to consider what they can ...
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AnalysisThe role reward plays in creating a destination employer
If you read nothing else, read this …The ability to attract, retain and hire talented employees helps create a destination employer.Reward packages play a role in all three stages.Reward and benefits strategies must be engaged at an early stage of an employee’s lifecycle, such as onboarding, to help motivate staff.It ...
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AnalysisPensions in numbers
£1m: The lifetime allowance for pension contributions announced in the Summer Budget, reduced from £1.25m bit.ly/1eMdScs37% of employers think that the introduction of the pension freedoms has encouraged them to offer a greater level of financial education to their staff (Source: Close Brothers Asset Management research, published July 2015) bit.ly/1CtrUep83% ...
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AnalysisTop tips for engaging staff in share schemes
If you read nothing else, read this…Share scheme communications should be focused, clear and accessible.Signposts can be used to direct employees towards a range of information sources.Continuous communications can help to drive engagement with share schemes throughout the year. Employees in the UK saved £40 million more through staff share ...
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AnalysisHow can employers offer more than the minimum level of support for working parents?
If you read nothing else, read this…With different working patterns for parents, a variety of support measures will help recruit and retain valued staff.Shared parental leave and flexible-working policies can help parents balance their work and home life commitments.Parental networks, coaching and online information hubs can provide over and above ...
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AnalysisTop tips for increasing employees’ pension contributions
If you read nothing else, read this …Many employees are not paying enough into pensions.Financial education, employer matching and tax relief can encourage staff to increase pension contributions.Auto-enrolment and the pension freedoms have helped to highlight the importance of good contributions.Employees contribute an average of 5% of their earnings towards ...
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AnalysisHow can employers support staff in tackling big societal issues?
If you read nothing else, read this…Broader societal trends are impacting employees and concerning employers.The cost of living is a particular issue, with 51% of staff concerned about their finances.Employers are increasingly helping employees save money for deposits on houses, and even to get access to mortgages.Some organisations are now ...
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Analysis
41, 42 How to integrate group risk benefits into a serious illness strategy
If you read nothing else, read this…Health screening can help control the cost of private medical insurance.Second-opinion medical services can result in a change of treatment or diagnosis.Group income protection can support an employee’s return to work on a part-time basis or into a lower-paid position.While a key part of ...
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Analysis
29, Exploring the myths behind company car schemes
If you read nothing else, read this…Common fears among employers include the perceived administrative burden or exposure to corporate risk through duty-of-care requirements.Employers can work closely with providers to understand the risks and costs involved in providing a scheme.Employers have a range of options of how to provide company cars.The ...
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Analysis
23, 24: How can employers treat musculoskeletal disorders cost-effectively?
If you read nothing else, read this…Musculoskeletal disorders (MSDs) and back pain are among the main causes of short- and long-term absences in the UK.Ergonomic assessments and physiotherapy services can help identify and treat MSDs.Physical activities, such as walking clubs and yoga classes, can help prevent the onset of MSDs.While ...