All Analysis articles – Page 49
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AnalysisWhat to include in a staff travel policy
If you read nothing else read this…A clear definition of what travel means for the business is needed before implementing a policy.Company cars remain the most popular travel benefit.Duty of care and awareness of legalities should be included.But employers must be careful about who they benchmark against.When employers are putting ...
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AnalysisFinancial education plays important role in employee engagement
A financial education programme can be key to engaging employees; according to the Secondsight Whitepaper, published in October 2014, 73% of employees felt more positive about their employer when they received the benefit.A growing number of organisations are engaging with their staff by providing a workplace financial education programme. But ...
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AnalysisTop tips for engaging staff with financial education tools
If you read nothing else, read this…To engage staff with financial education tools, employers should highlight the importance of financial planning.Financial education can help predict an employee’s future financial needs.Financial education can improve employee wellbeing.However, 52% of employers do not provide financial education, according to a study of 1,013 workers ...
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AnalysisDefining and demystifying total reward
If you read nothing else, read this…Total reward includes all elements of financial compensation and all benefits, such as healthcare and pensions, as well as the working environment and staff training and development.An understanding of everything they get for working for an organisation can boost staff engagement and motivation.Better communication ...
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AnalysisHow to win employee buy-in for pension scheme change
If you read nothing else read this…Pension schemes invariably face constant change, including the move from defined benefit to defined contribution schemes.Communications are key to winning buy-in from employees.Pensions change could also be the catalyst for improving the financial education of employees.Employers only have to look at the likes of ...
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AnalysisHow to align workplace health with the Public Health Responsibility Deal
If you read nothing else, read this…The Public Health Responsibility Deal was introduced in 2013 to tackle key health problems.It requires employers to commit to promote principles in their workplaces that tackle these issues.Employers can draw guidance from the principles and align their own health and wellbeing strategy to the ...
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AnalysisGroup risk in numbers
24%: the percentage of employees that would like to receive income protection, but currently only 6% do (Source: Canada Life Group insurance, May 2015) bit.ly/1R6eg3R1,529: the number of employees that were successfully rehabilitated back into work in 2014 with support from an insurer (Source: Group Risk Development [Grid], May 2015) ...
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AnalysisTop tips on how to cut the cost of group income protection
If you read nothing else, read this…The design of group income protection (GIP) schemes can be tweaked to provide a valuable benefit but at a cheaper price for employers.Using added-value services can save money on the cost of providing the benefit.The benefit should be promoted to staff to ensure a ...
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AnalysisAre group risk benefits relevant to younger employees?
If you read nothing else read this…Benefits are more relevant to younger employees than they realise.Blanket group risk communications skew relevance.Younger employees getting a mortgage need insurances as a collateral for lenders to see.Technology can help improve employee perception of the relevance of group risk benefits.A large proportion of this ...
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Analysis
14: Motivation in numbers
4,044: Southeastern employees rewarded for their professionalism with £25-worth of shopping vouchers. bit.ly/1G2DDSl 12%: the percentage by which business-to-business gift-card and voucher sales grew in the fourth quarter of 2014 (The UK Gift Card and Voucher Association, date needed) (UKGCVA)8 percentage points: the amount E.On has improved on its employee ...
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AnalysisThe increase in popularity of home technology employee benefits
Key pointsHome technology:Offers the latest consumer technologyHas a wide appeal to entire workforceEngages staff in benefits programmesImproves IT literacy across workforceIs a highly perceived, easily accessible benefitThere is a constant desire to offer new and innovative benefits to drive employee engagement. One strategy that has seen proven cross-generational participation and ...
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AnalysisJohn Mayor: How data can create a health and wellbeing strategy
Key points Data mining can help shape employers’ health and wellbeing strategies. All data-mining exercises require a clear objective to help provide meaningful results. Objectives will differ according to each stakeholder. Because our whole business is about health, we really wanted to translate our external ‘Health through food’ mission to ...
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AnalysisHow to use wellbeing initiatives to boost employee engagement
Key pointsA workplace culture focused on wellbeing can help to boost employee engagement.A strong visual brand and communication strategy designed to increase awareness across large workforces is key to engaging employees. Line managers play an important role in supporting staff to cope with everyday pressures effectively and, consequently, boosting engagement ...
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AnalysisMetLife: Why mental health support should be part of a modern workplace health strategy
Key points Workplace employee support around resilience and mental health is as important as it is around physical wellness. But employees must understand and appreciate their benefits to be able to access the right support, as and when they need it. Employees who value their benefits highly are more engaged ...
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AnalysisUnum: How to create an effective workplace health and wellbeing strategy
Key points Workplace wellbeing is playing an increasingly important role in helping employers to attract and retain staff. The effectiveness of a health and wellbeing strategy relies on employers factoring the make-up of their workforce into their strategy design.Employers can benchmark competitors’ benefits to help generate initiatives to fill any ...
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AnalysisTop tips for maximising the return on investment in dental benefits
If you read nothing else, read this…Employers can boost dental benefits take-up by highlighting the importance of good oral health to staff.Regular communication campaigns promoting the benefit should be complemented by leaflets, posters, webinars and benefits fairs.Onsite or near-site dental treatment can help to limit an employee’s time out of ...
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AnalysisHow to get buy-in from the finance director for flexible benefits
If you read nothing else read this…Benefits teams must first understand what motivates finance directors.Soft measures such as how flexible benefits can aid staff retention and recruitment costs could also help win buy-in.But clear return on investment must be included in any business case, for example savings made from salary ...
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AnalysisBupa: The benefits of engaging employees in health and wellbeing
Key pointsThere is a compelling business case for engaging employees in their health and wellbeing.Engaging staff in their health and wellbeing is more likely to achieve results and create long-term change. Creating a positive and proactive health culture can reduce future health risks and ensure employers benefit from a workforce ...
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AnalysisSimplyhealth: How online portals can boost staff engagement in health and wellbeing
Key points Health and wellbeing technology, such as online portals, can help staff to engage and manage their own health and wellbeing.A range of benefits and support services can be offered to staff via online portals.A health management tool that is free, easily accessible and user-friendly can reinvigorate all employees ...
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AnalysisHow sustainable is employee motivation in a zero or low pay rise environment?
If you read nothing else, read this…A lack of pay increases can hinder motivation.Employers that take steps to engage their workforces are more likely to be rewarded with loyalty.Gift or e-gift vouchers can be effective motivation tools.Research by Canada Life Group, published in December 2013, found that pay increases, or ...