All Analysis articles – Page 5
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AnalysisHow to structure a sustainable reward strategy
J.M. Image Factory/shutterstock_1864249615Need to know:Employee benefits can play an important role in helping organisations meet their sustainability goals, as well as helping to attract and retain staff.Travel-related benefits, pensions and carbon-offsetting schemes can all help employees make a difference to their carbon footprint, and that of their employer.It is vital ...
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AnalysisHow to support employees with better sleep habits
Symptoms of a lack of sleep in employees can include reduced concentration, impaired mobility and decreased reaction times.Sleep management and ensuring a better work-life balance should be a part of health and wellbeing strategies.Leading from the top down is effective in addressing that not prioritising rest results in poor long-term ...
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AnalysisHow can voluntary benefits support employees in uncertain times?
Credit: Emerge / Shutterstock (1079190161)Employers should have an understanding of the issues their employees face in order to produce targeted and appreciated voluntary benefits strategies.To combat the cost-of-living crisis, employees can use spend and save platforms to save money on a day-to-day expenditures and weekly grocery shopping.Employees react better to ...
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AnalysisHow are rising costs influencing employers' benefits strategies?
Credit: Eviart / Shutterstock.comNeed to know:Despite the tough economic climate, evidence suggests that employers are not slashing their benefits budgets. Instead, they are making the most of what they already have, and thinking outside the box about inexpensive benefits that they could offer.Employers can make benefits feel personal and relevant ...
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AnalysisHow to conduct a pensions buy-in
A buy-in is a contract between a defined benefit pension scheme and an employer that removes longevity, market, interest and inflation risks.The parties involved include a sponsoring employer, a scheme trustee, advisers to the trustees and the insurer.If it looks like funding levels are affordable for the scheme against current ...
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AnalysisHow employee feedback can inform a benefits strategy
Need to know:When gathering feedback, striking a balance between anonymity and usefulness of the data is key, as is being transparent with how this balance is achieved with employees.Whichever feedback method is used, questions must reflect the workforce, based on all segments of the demographic, but also on their working ...
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AnalysisHow to select benefits technology that is right for a business
Need to know Benefits technology can play a vital role in engaging employees and ensuring take up of benefits. Employers should start by working out what they want to end up with, and then work out how to get there. They should remember to ask questions ...
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AnalysisHow can employers support employees with dementia?
Employers are legally required to make reasonable workplace adjustments where possible for employees impacted by dementia to the point that it satisfies the disability definition.Openly discussing dementia will enable employees to feel more able to disclose diagnoses or issues without fear of repercussions.Employers should offer training for managers and staff ...
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AnalysisWhat do employees value most at Christmas?
Traditional festive gifts such as hampers and vouchers are still valued by employees, as long as choice and personalisation is also offered.More sustainable and socially conscious gifting options have emerged following increased focus on climate change.Due to the cost-of-living crisis, employees may value financial support to help them prepare for ...
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AnalysisWill the Mansion House reforms deliver value for employees?
Need to know:A raft of proposals have been launched to improve value for money in pension schemes.The government’s big theme is to get more invested in private equity, which should boost the economy.Poorly performing schemes could be forced to merge with better performing schemes.In July, Chancellor of the Exchequer ...
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AnalysisHow to address a toxic workplace culture
Need to know:Toxic workplace cultures exist in many UK oganisations, with leaders and managers often to blame.Creating a culture where employees can raise concerns is essential to overcoming such environments.Organisations need to think about how they react where examples of toxic behaviour do occur.Allegations of toxicity and harassment at the ...
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AnalysisThe overlooked influences impacting employee health
Need to know:Personalised health and wellbeing support is more likely to engage employees and drive behavioural change.Tests can highlight a variety of health issues including fertility problems; menopause and andropause; gut health issues and cancer.As employees gain deeper insight into their health, education will help them understand the implications of ...
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AnalysisWhat will the Flexible Working Act mean for working carers?
From 2024, employees will be able to request flexible working hours and patterns twice in a 12-month period and will not have to explain any potential effect on their employer. Organisations will have to consider all requests and provide a reason before rejection within two months. ...
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AnalysisWhat does effective absence management reporting look like?
Need to know:An absence management system must be robust, consistent and in line with the organisation’s absence policy.Interrogating absence data can identify trends but it is prudent to investigate further as the data may be masking what is really happening.Identifying potential long-term conditions early can ensure appropriate support is provided ...
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AnalysisHow a reward strategy can create a culture of success
A fit-for-purpose reward strategy is vital in creating a happy and rewarded workforce that drives productivity and success.Employers should create a reward strategy that allows employees with different lifestyles and needs to work in a way that enables them to thrive.Aligning a reward strategy with organisational objectives can contribute to ...
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AnalysisHow to sell pensions change into an organisation
Need to know:Change will happen when it comes to employers’ pensions plans. Whatever the change, some universal principles remain true.Stakeholders should be involved early, to ensure they can voice any objections and feel involved in the process. Avoid legalese; be honest, clear and concise. If it is bad news, upfront ...
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AnalysisHow to target financial wellbeing support to employees
Employers can offer financial wellbeing support based on which benefits are most frequently used, which will highlight prevalent financial issues among employees.As employers often have wide-ranging demographics that have varying preferences and needs, different communication methods will be required for each group.Tailored benefits that are personalised to employees’ needs offer ...
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AnalysisBenefits for graduates
Research has shown that graduates value a good work-life balance and development opportunities when entering the workforce.The Covid-19 pandemic and cost-of-living crisis have meant that graduates are also looking for wellbeing and financial benefits.Being aware of available support and inclusive benefits can be attractive even if graduates are unlikely to ...
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AnalysisHow can pay transparency manage employees’ expectations around salary?
Need to know:In challenging times, it is important to foster trust in the workplace. Transparency around pay levels and salary capabilities helps to avoid frustration and misunderstandings and instead provide clarity and reassurance.When it comes to asking for a pay rise, knowing what those in a higher position are earning ...
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AnalysisHow much do employees value CSR initiatives?
Need to know:Corporate social responsibility (CSR) initiatives and volunteering can be highly valued by employees and used as an engagement and retention tool.Employers should consult staff to understand what causes matter most to them.Start with low-level commitments before extending these, and seek employee feedback on schemes.In recent years, organisations have ...