All Analysis articles – Page 48
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Analysis
18: How to use team-building exercises to motivate staff
If you read nothing else, read this…Employers need to think about why they offer team-building exercises.If staff are involved with the decision-making process, it can make the activities more effective.Team-building activities require good communication to be successful. Something suitableKuljit Kaur, head of business development at motivation and employee benefits ...
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Analysis
3: Motivation and recognition: a roundup of case studies on boosting staff morale
LateRooms.com has launched a long-service awards scheme that will reward long-serving staff with a voucher of either £150 or £250 for a Red Letter Days’ experience. The organisation has also relaunched its recognition scheme http://bit.ly/1EiRXFK Nearly all (95%) the staff at Chiswick Park, which includes organisations such as Discovery, PepsiCo, ...
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Analysis
13: Total reward in numbers
2,200: The number of employees receiving total reward statements at TalkTalk http://bit.ly/1LACIe9 32%: The percentage of London workers that are most motivated by non-monetary benefits (Source: NGA Human Resources, August 2015) http://bit.ly/1Igb4vh 37%: The percentage of employees that name access to a better mortgage rate as the benefit they would ...
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Analysis
Supplement, 6,7,8: Motivating a multi-generational workforce
If you read nothing else, read this…Different generations value, and are motivated by, different rewards and benefits, at least in the non-core benefits space.There is a risk of over-generalising if employees are pigeon-holed into generational groups.Personalised rewards and flexible benefit schemes can help accommodate different needs.According to the Hays UK ...
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Analysis
42, 43, 44 - Special report: A best practice guide for mental health management in the workplace
If you read nothing else, read this….Mental health problems can be a major financial drain on an employer, leading to increased absence, presenteeism and health insurance costs, as well as risking litigation and reputational damage.Training can help line managers identify the early signs of a mental health problem and signpost ...
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AnalysisThe legal minefields of tax-efficient benefits
If you read nothing else, read this:Employers should consider the business reasons behind their reward policies.Employers must be aware of any tax or national insurance consequences of providing benefits.They should include any tax considerations when planning and budgeting.Once they are certain that they know what each policy is intended to ...
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Analysis25 - PHS industry insight: Safeguarding against sitting disease
Research conducted among employees revealed 70% of office workers want their employer to support them in taking regular breaks at work for the sake of their health. Younger members of Britain’s workforce, aged 18-34, are most in agreement with this, as 79% strongly believe their employer should support regular health ...
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Analysis15 Jelf industry insight: Five top tips for choosing a flexible benefits platform
Flexible benefits platforms are becoming increasingly popular. According to research published by Staffcare in October 2014, 80% of employers with more than 100 staff offer some form of flexible benefits scheme , compared with just 11% a decade ago.Choosing the right benefits for employees is one thing but delivering a ...
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Analysis
25: The pros and cons of unlimited holiday
If you read nothing else, read this…Offering unlimited holiday can signal to staff that their work is valued.Employees and employers need to have open communication about holiday.Employers must work out whether unlimited holiday suits their organisation and employees.Unlimited holiday simply means salaried employees can take as much time off as ...
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AnalysisHow to protect pensions data ahead of changing regulations
If you read nothing else, read this…Employers will have to assess their approach to protecting employee data, including that which is processed through pension schemes.Ensuring compliance for all members of a workplace pension scheme will be a big issue for employers.Employers should review their position now in order to be ...
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AnalysisTaking a slice: the impact of tax changes on international employee share plans
If you read nothing else, read this…The changes will generally affect employers with internationally mobile staff that participate in certain share plans.Employers need to be aware that getting changes wrong could result in possible financial penalties.The impact depends on the specific plan rules in each case.While many employers will (understandably) ...
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Analysis55, 56, Buyer’s guide to group dental plans
But, with several different plan designs and many levels of cover available, selecting one that best suits a workforce can boost the benefits for employers.Figures from LaingBuisson’s annual Health cover UK market report (12th edition), published in July 2014, show that sales of corporate dental cover continue to grow. It ...
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AnalysisHow to build engagement with voluntary benefits
If you read nothing else, read this…A voluntary benefits scheme needs to be well communicated and promoted to ensure employees engage with it.Using benefits champions and savings examples can help engage staff with the scheme.Communications must be ongoing and kept relevant to maintain employee engagement.But for a scheme to be ...
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AnalysisWhere should group risk sit in a health and wellbeing strategy?
If you read nothing else, read this…Group risk benefits are designed to support staff and employers when workers are absent due to an injury or critical illness.Employers could do more to highlight the importance of group risk benefits and promote these alongside other healthcare benefits.An ageing workforce increases the need ...
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AnalysisWhat opportunities does pensions auto-re-enrolment bring employers?
If you read nothing else, read this…At the auto-re-enrolment stage, employers will need to re-enrol eligible staff into a pension scheme.It is an ideal opportunity for employers to review the systems and processes they have in place for auto-enrolment, as well as looking at the support they receive from their ...
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AnalysisRead all about it: what health headlines should employers take note of?
If you read nothing else, read this…Staff’s health should be prioritised.Media coverage can tarnish the way health problems are perceived, or give employees and employers confidence to discuss issues.Keeping employees fit and healthy should be a key priority for employers because of the impact wellness has on productivity and retention. ...
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AnalysisTop tips to keep company car tax low
If you read nothing else, read this…Choosing low-emission cars will keep tax bills low.Green cars can boost employees’ interest and reduce tax.Benefit-in-kind (BIK) tax is determined by the car’s list price and CO2 emissions.To keep costs low, employers must first do their homework about the costs associated with running a ...
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AnalysisTop tips for communicating benefits strategies to overseas employees
If you read nothing else, read this…Creating a global communications plan for a benefits strategy requires groundwork to be done to ensure local tax, legal and cultural requirements are considered.Employers should work with local HR and benefits teams to create an effective communication plan.How communications are sent is just as ...
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AnalysisHow employers can support the transforming nature of employees
If you read nothing else, read this…Employees have evolved to demand a far broader mix of employee benefits and a more supportive working environment.Employees increasingly want a job to be on their terms, which includes being able to work and do things on the go.Many employers may simply require an ...