All Analysis articles – Page 54
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AnalysisHow can employers support persistently unwell employees?
If you read nothing else, read this…A robust health and wellbeing programme can raise health awareness among employees and reduce the risk of poor health choices affecting the workplace.Where an employee is regarded as disabled, an employer must consider making reasonable adjustments to ensure they are not unfairly disadvantaged.Extreme obesity, ...
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AnalysisWhy should employers care about their employees' blood pressure?
If you read nothing else, read this…High blood pressure is the most common health complaint in the UK today, with 30% of the population suffering from it.It is referred to as the ‘silent killer’ because its symptoms often go unnoticed and it can lead to some serious health problems.With regular ...
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AnalysisMental health stigma still an issue in business
It is a sad reality that mental health prejudice still exists in business. An overwhelming number (94%) of UK business leaders admit that mental health prejudice is still present within their organisation.Stress and other serious mental health conditions can have a huge impact on both individuals and employers. Having a ...
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AnalysisOctober case law round-up
Here is a round up of case law impacting employee benefits, where rulings have been made in the last month.A former Nestle’s employee has been ruled to be liable for the tax on a lump sum payment received in exchange for giving up membership of the organisation’s healthcare scheme. An ...
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AnalysisPensions salary sacrifice: what employers need to know
If you read nothing else, read this…Pensions salary sacrifice involves employees sacrificing a proportion of their salary to contribute into their pension scheme.Salary sacrifice can reduce income tax and national insurance contributions for both employers and employees.The term ’salary sacrifice’ is increasingly being replaced with ’salary exchange’. What is pensions ...
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AnalysisAutomatic-enrolment provides greater financial security for employees
September saw the launch of Scottish Widows’ fifth annual Workplace pensions report, providing insight on the attitudes and behaviours of thousands of employees in relation to their workplace saving.Two years on from the first auto-enrolment (AE) staging date, the impact that AE is having on workplace saving is starting to ...
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AnalysisGroup risk supplement 2014
The Employee Benefits Group risk supplement 2014, sponsored by MetLife, rounds up the latest group risk trends and issues, enabling employers to keep up to date on the changing needs of their workforce.The report includes the following articles:Tom Gaynor: Employers need to demonstrate true value of employee benefits Clare Bettelley: ...
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AnalysisHow to reward those at the top of their game
If you read nothing else, read this… Motivation could be influenced by intellectual, social and emotional factors.Experts’ reward packages could be enhanced to maintain productivity.It is not all about reward, a simple thank you and recognising good work still impacts motivation.Business opportunities such as allowing experts to work into other ...
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AnalysisTalent wars: How to use reward effectively
If you read nothing else, read this…Skills shortages are back on the agenda, with engineering and technology among those in demand.Businesses are again looking at how they can attract top talent, tailoring their offerings to suit their target employee base.Organisations are increasingly looking to benchmark how their total reward proposition ...
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Analysis
Pensions default investments in numbers
66% - of trustee respondents are looking to change their pension scheme’s default strategy within the next 18 months. Source: SEI’s Defined contribution pensions survey, published in August.15% - of UK respondents said they would take ‘somewhat high-risk’ or ‘high-risk’ investments in order to receive better returns. Source: State Street ...
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AnalysisThe impact of share ownership on company productivity
If you read nothing else, read this…Research suggests that employers with significant employee ownership tend to have higher productivity.Staff productivity appears to be higher where employee ownership is part of a wider employee engagement programme. The tax status of a share scheme has little impact on employee productivity. Productivity in ...
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AnalysisDo employee car ownership schemes still have a place?
If you read nothing else, read this…Ecos take the form of an agreement made between the employee and the leasing company.Demand for Ecos has reduced because of the popularity of salary sacrifice schemes.Eco schemes often still appear when organisations offer blended funding arrangements.Ecos could rise in popularity when new international ...
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AnalysisTop five tips for implementing car salary sacrifice
For employers that are thinking of implementing a car salary sacrifice scheme in their organisation, here are five top tips for getting it right.1 Be clear on your objectives This may sound simple, but many organisations move straight into the provider selection process without first being clear about their own ...
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AnalysisBuyer’s guide to salary sacrifice car schemes
The facts:What is a salary sacrifice car scheme? This is a car scheme in which an employee forgoes a portion of their gross salary in exchange for the use of a car for a period of time, and receives tax and national insurance breaks as a result.Where can employers get ...
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AnalysisHow has group life assurance evolved?
If you read nothing else, read this…Group life assurance is the most commonly offered benefit to employees.The benefit often now includes value-added services such as bereavement counselling.Group life assurance products continue to be driven by price rather than innovation. Historically, employers tended to offer life assurance as a bolt-on to ...
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AnalysisCost considerations around workplace childcare
If you read nothing else, read this…78% of people with dependent children were in employment, so employers need to consider workplace support where required. Cost and implementation time are often cited by employers as reasons why they do no offer their staff childcare support. It is easy for employers to ...
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AnalysisIs there a place for group risk benefits in a modern benefits package?
If you read nothing else, read this… The number of people of state pension age is projected to increase by 31% from 12.3 million in mid-2012 to 16.1 million by mid-2037, so employers need to consider older employees’ health needs .Legacy group risk benefits tend to have been brought together ...
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AnalysisWhat does group risk benefits provision of the future look like?
If you read nothing else, read this…Group risk benefits of the future need to reflect the UK’s ageing society.The growing dominance of procurement will stifle innovation in the group risk market. Employees need support to sustain any behavioural changes they make to boost their health and wellbeing. Group risk benefits ...
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AnalysisWhat impact has pensions auto-enrolment had on the group risk market?
With the UK’s ageing population benefits packages will need to cater for employees with a potential age-range of 20-80, this holds many challengesThe introduction of pensions auto-enrolment from October 2012 helped to substantially boost the group life market without much effort on the part of insurers.Around 100,000 employees were enrolled ...
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AnalysisWhat should employers ask when implementing group risk benefits?
If you read nothing else, read this…Employers must first identify employee needs.They should then establish how their appointed insurer will help them implement their plan.A good insurer will help an employer manage its benefits spend and ongoing costs. Employers must establish a strong relationship with their group risk benefits consultants ...