All Analysis articles – Page 53
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AnalysisTop tips for communicating a financial education strategy
If you read nothing else, read this…Financial education programmes must be integrated with organisations’ workforce planning strategies. Employers must consider their audience, because many young staff will have experienced financial education at school.Face-to-face learning can be highly effective. 1. Consider employees’ existing knowledgeMany young people will have experienced financial education ...
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AnalysisTop tips for boosting take-up of car salary sacrifice schemes
If you read nothing else, read this…Employers should have clear objectives for their scheme. Scheme risks include the early termination of contracts.Staff may be more engaged with a scheme that offers low CO2-emission cars .Offer a wide range of cars They can start by offering employees a wide range of ...
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AnalysisWhen will we see an increase in demand for workplace financial awareness?
There has been much speculation about how much money employees will take from their pension pots since the decision to scrap compulsory annuitisation was made in the 2014 Budget last March. The Chancellor announced that staff over the age of 55 with a defined contribution (DC) pension will be able ...
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Analysis
What are employers' primary concerns around April's pension reforms?
This 10-minute video above covers:Why the new pension reforms are driving the need for employee guidance Which pensions decisions staff struggle with the mostHow employers can support staff to overcome these challenges How employers can overcome any fears they have about straying into the realms of advice when attempting to ...
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AnalysisWhat will be hot in flex in 2015?
If you read nothing else, read this…Technology will be a key driver of flex developments in 2015, particularly around integration technology that combines access to flex with personal finance and external links, such as price comparison sites.Health and wellbeing will feature prominently in flex offerings, with more options for health ...
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AnalysisMotivation versus enforcement: how to create a healthy workforce
If you read nothing else, read this…One of the oldest approaches to motivating staff is the carrot-and-stick method. Health assessments can play a role in inspiring employees to make healthier lifestyle choices.The success of a health and wellbeing strategy depends on managers leading by example.Workplace health is difficult for employers ...
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AnalysisWhat is driving the growth of health cash plans?
If you read nothing else, read this… The popularity of health cash plans can be attributed to their flexibility, affordability and suitability to employees’ health needs. Employers’ desire to fulfil their duty of care is also helping to drive health cash plan market growth.Cash plans cover treatments such as physiotherapy ...
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AnalysisIs total reward dead?
If you read nothing else, read this…The relevance of total reward is in doubt because of continued downward pressure on pay. Employers need to focus on better use of data and evidence.Organisations should engage with staff of all generations to find out which benefits they actually want and value. Total ...
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AnalysisDetails of the four pensions bills going through Parliament
The Finance Bill 2014This gave HM Revenue and Customs (HMRC) new powers to prevent pension liberation schemes being registered starting 20 March 2014 and made it easier to de-register such schemes if, in HMRC’s opinion, the scheme administrator is not a fit and proper person.Pensions Act 2014This received royal assent ...
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AnalysisThe impact of the four pensions bills due in 2015
If you read nothing else, read this…Major changes are coming to a head next April concerning how pension schemes can be charged and how benefits can be taken, which will have a huge impact.One of the most urgent actions is to ensure default funds are appropriate for income drawdown, or ...
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AnalysisIs benefits benchmarking still relevant?
If you read nothing else, read this…Benefits benchmarking remains important, but employers should set clear aims and expectations at the outset.Common reasons for benchmarking benefits include good governance, the need to fill a specific role, post-merger or acquisition, or to cater for a new business division.Specialised bespoke benchmarking surveys can ...
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AnalysisHow emotional intelligence can boost staff health and wellbeing
If you read nothing else, read this…An important aspect of emotional intelligence is learning to notice feelings as they occur.Employees can gain access to the deeper, quieter signals in the brain that allow more creative, intuitive and inspired levels of thinking by learning how to calm down the emotional brain, ...
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AnalysisHow to motivate staff through the January blues
If you read nothing else, read this…In January, employees may be suffering from the effects of their excessive festive spending, overindulgence and the dreariness of the winter season.There are plenty of low-cost benefits that employers can use to motivate staff .But employees may value their manager’s time more than any ...
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AnalysisPre-trip health screening for expatriates
If you read nothing else, read this…Thorough pre-trip preparation is the key to overseas assignment success.Always confirm if a specific medical check is a visa requirement for the host country.Engage a medical professional with specific expertise to carry out pre-trip screenings. Employers have a much greater chance of avoiding medical ...
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AnalysisThe pros and cons of different benefits team structures
If you read nothing else, read this…Technology and a desire to optimise cost efficiencies are key drivers of centralisation programmes.Centralised structures can facilitate a more focussed, company-wide vision and foster departmental teamwork.Downsides include issues around organisational agility and staff development, and the potential for regional staff to feel sidelined. Many ...
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AnalysisMotivate staff with a benefit that appeals to all
There aren’t many benefits that will appeal to the whole workforce. But technology products, offered through a flexible or voluntary benefits scheme via a salary sacrifice arrangement, are likely to appeal to everyone at some point. After all, most people today own a mobile phone, tablet or laptop.So, why haven’t ...
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AnalysisTop tips for choosing a flexible benefits provider
If you read nothing else, read this…Treat the assessment of flex providers like an interview. Do not be afraid of asking for detailed information about the organisation and its track record.The technology behind a flex scheme has to deliver on all an organisation’s business objectives, with scope for future growth ...
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AnalysisTop 10 most read stories this week
The top 10 most read stories on employeebenefits.co.uk from 13-20 November:1. PricewaterhouseCoopers loses flexible working discrimination case 2. Electric-shock headset could boost productivity 3. Cost considerations around workplace childcare 4. Staff face big decisions around pension savings 5. Gerald Eve boosts financial education 6. Jaguar Land Rover employees reject ...
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AnalysisDelivering the right customer share scheme experience
The key to boosting engagement with share plans lies in a more human form of communicationWhen looking at delivering a new employee benefit, product or message to their customers, whether that be internal or external, most organisations do so with the best of intentions. They do not purposely set out ...