All Analysis articles – Page 51
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AnalysisHow to review a pensions governance policy
If you read nothing else, read this…A pensions governance policy is key to ensuring employers comply with their workplace pension duties.A governance policy can cover scheme administration, contribution payments, communications and legal issues.Employers should review a governance policy to make sure a scheme provides the best outcomes for members.In January, ...
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AnalysisHow to manage employee-benefits-related risk
If you read nothing else, read this…Employee benefits, such as preventative healthcare programmes, can help to mitigate organisational risks such as sickness absence and workplace stress. But benefits can bring their own risks to an organisation around cost, health and safety and regulation.Employers must be aware of all the risks ...
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AnalysisHow to track the impact of healthcare benefits
If you read nothing else, read this…Employers require accurate and meaningful data to be able to assess the impact of their health benefits.Benefits and HR professionals require analytical skillsets to be able to assess their findings.But it is often difficult to show a correlation between the implementation of a health ...
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AnalysisHow will the changes to childcare vouchers affect staff?
If you read nothing else, read this…From autumn 2015, working parents will be able to sign up to the childcare scheme, which offers 20% of the cost paid by the government.If they are already in a voucher scheme, employees are able to continue using it for as long as their ...
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AnalysisWhat is employee engagement?
If you read nothing else, read this…A single definition of employee engagement does not exist.But engaged employees are typically motivated to go the extra mile in their work for their employers. A balanced psychological contract between employers and employees helps to ensure that this is the case.Definitions vary considerably between ...
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AnalysisHow health engagement drives the health of a business
The business benefits of a healthy and engaged workforce are about more than low sickness absence figures.Employees who feel that their employer cares for their health and wellbeing are more likely to be motivated and engaged and less likely to leave the organisation.Deciding to invest in a long-term healthcare strategy ...
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AnalysisCan employee benefits really drive employee engagement?
The relationship between employers and their employees is similar to a marriage, in that it needs to be a two-way partnership. For the relationship to work, both parties need to know what they are committing to, and both the employer and the employee need to be honest about what is ...
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AnalysisHow apprenticeships can help boost employee engagement
Apprenticeships are becoming an increasingly popular option for businesses, and it is easy to see why. They enable organisations to grow their workforce, providing highly qualified and motivated employees.A primary reason for employers employing an apprentice is a need to improve their skills base and boost their long-term business development ...
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AnalysisQuirky ways to communicate benefits to staff
If you read nothing else, read this…Quirky communications strategies can help engage staff with their workplace benefits. Strategies could include quirky campaign themes, staff champions and even traditional handwritten letters. Employers should ensure that their communications methods are appropriate for their workforce. But this is not deterring them from doing ...
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AnalysisHow to boost share plan take-up
If you read nothing else, read this:Last April, the government increased sharesave and share incentive plan (Sip) savings limits from £250 to £500 per month for sharesave and from £125 to £150 for Sips.Organisations with Sips are entitled to employer national insurance contribution (NIC) savings and employers are also required ...
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Analysis
13 - Health and wellbeing case study round-up
North Halifax Grammar School in West Yorkshire is to roll out mental health and wellbeing initiatives for staff. The scheme, provided by Worth-It Projects, will offer mental wellbeing coaching and training to staff, all 60 of whom have registered to attend. http://bit.ly/1zSPCbzJP Morgan has extended dental cover and health screening ...
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AnalysisWhat can employers do to meet the demand for eldercare?
If you read nothing else, read this…Employers and employees appear to be becoming more aware of the importance of eldercare.A number of benefits can help to support staff, such as emergency eldercare.Employers should provide emotional support, flexible working, practical advice and hotlines.This is set to become more of an issue ...
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AnalysisHow to create an integrated financial wellbeing strategy
If you read nothing else read this…46% of employees worry about their finances.An effective financial wellbeing strategy needs to understand the needs of employees.Workplace savings and education can encourage saving and boost wellbeing.An integrated strategy must link to business needs. Barclays Corporate and Employer Solutions’ (C&ES’s) Financial wellbeing: the last ...
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AnalysisWhat does the future hold for health cash plans?
If you read nothing else, read this…The health cash plan market will continue to grow off the back of the NHS’s ongoing struggle to cope with the demands placed on its services.Wellbeing services will be a particular focus for cash plan providers in 2015.Online services to help speed up claims ...
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AnalysisHow to breathe new life into car salary sacrifice schemes
If you read nothing else, read this…Refreshing a scheme will first require reassessing the initial principles for offering it.Car salary sacrifice schemes offer staff an all-inclusive package with a brand-new car, servicing and maintenance, road tax and insurance.Advantages, such as the ability to reduce their carbon footprint, need to be ...
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AnalysisHow employers are using data to inform flexible benefits schemes
If you read nothing else, read this…Employers can use flexible benefits scheme data to assess how well their scheme supports their organisation’s business objectives.But they need to ascertain from their flex providers and benefits consultants the range of data that is available on their scheme, plus the format in which ...
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AnalysisKey questions employers need to ask ahead of April's pension changes
If you read nothing else, read this… It is not too late for employers to prepare for the new pension reforms. Employers must decide if and how they plan to support employees approaching retirement. Preparation is likely to involve tweaking existing strategies, rather than spending additional budget, for many employers.1. ...
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AnalysisHow much do staff say they know about the share plan they participate in?
Source: The human and organisational impact of employee share ownership, by Dr David McConville, Alison Smith and John Arnold, (Sept 2012).