All Analysis articles – Page 55
-
AnalysisWhy should employers be concerned about mental health?
Mental illness is a serious problem for businesses and for the economy, with one in six employees dealing with a condition such as stress, anxiety or depression in any one year. All too often, the first the employer knows about it is when the employee has to take time off ...
-
-
Analysis
Update on shared parental leave
The shared parental leave legislation is part of the government’s commitment to support working families, and is included in the Children and Families Bill 2013, which received Royal Assent in March 2014.What is shared parental leave?The new system will allow working families to have more choice around how they balance ...
-
AnalysisCelebrating employees' top life events with gifts and vouchers
If you read nothing else, reach this…Key life events might include birthdays, weddings, the birth of a child, long service and retirement.Whether an employer awards or recognises staff at these key life events will depend on the relationship it has with its employees.It is important, whatever life event is being ...
-
AnalysisWhat are the data protection issues around healthcare benefits?
Box: If you read nothing else, read this..Employers do not automatically have the right to access or use information held by benefits providers about their employees.Where given, information must be used only for the purpose for which it was obtained. Particular care should be given to the transmission and destruction ...
-
AnalysisHow to integrate voluntary benefits into a reward strategy
If you read nothing else, read this…Voluntary benefits are becoming an increasingly valuable bolt-on for employers and popular perk for staff.Constant communication is vital.It is important to understand employees’ needs and priorities and obtain regular feedback.Back in May, Capita Employee Benefits’ Employee Insight Research argued that although, by and large, ...
-
-
AnalysisThe impact of an ageing population on employee benefits
Improving longevity is unquestionably a global trend driven by major improvements in health and medical advances.The greying workforce is particularly pronounced in the developed economies of Europe, the US, Australia and Japan. For the emerging economies of India, Mexico, Brazil and Indonesia, it is much less of a concern.But is ...
-
Analysis
Kloud creates an employee value proposition to help recruit and retain staff
Claire Langford, resource manager at the organisation, says: “When it comes to recruitment and retention, we are up against the major league, so we’ve had to build our strong, flexible culture into our benefits suite because we can’t compete with the bigger players on salaries .“Many employees would rather work ...
-
AnalysisRedesigning an employee value proposition in today's economic climate
If you read nothing else, read this…Regardless of what it offers, an employee value proposition (EVP) must be authentic and true to an organisation’s brand and culture if it is to attract today’s talent.A compelling EVP is less about pay and financial reward, and more about workplace culture, work-life balance ...
-
AnalysisPros and cons of moving away from annual flex enrolment windows
If you read nothing else, read this…More than one flexible benefits window could drive engagement and take-up.It can help to keep a flex scheme and its communications fresh.Employers must be aware that some benefits cannot be open more than once a year.Moving away from an annual window could complicate administration.Employers ...
-
AnalysisMotivation can drive productivity
If you read nothing else, read this…Badly thought-out recognition and incentive schemes may improve one performance measure, but damage another.A recognition or incentive scheme cannot be used in isolation.Schemes are most effective when aligned with corporate values.In his article One more time. How do you motivate employees? , first published ...
-
AnalysisWhy pension investment lifestyling strategies need a re-style
Now that members have the freedom to access their pension funds whenever they wish (once they have reached the age of 55), it is harder to manage the default fund so that it is likely to give a good outcome for members. The default fund has been part of the ...
-
AnalysisWhat are the new flexible retirement options?
If you read nothing else, read this…A number of changes announced in the 2014 Budget give pensions more flexibility.Employees can choose to take their pension wealth as a lump sum, drawdown or as an annuity.New tax rules will help provide greater flexibility.A guidance guarantee will ensure pension members get advice ...
-
AnalysisWhat should a company car risk management strategy cover?
If you read nothing else, read this…Employers have a duty of care towards staff drivers. It is difficult for organisations to know when employees are driving for business. Checks, such as ensuring staff have a valid driving licence, are simple to make. Under the Corporate Manslaughter and Corporate Homicide Act ...
-
AnalysisTop tips to control company car scheme costs
If you read nothing else, read this…Car choice should be aligned to an employee’s grade.Employers should consider the most cost-effective funding model for their workforce.Fully expensed fuel cards should be discontinued.1. Align car choice with employee gradeEmployers should ensure the choice of company cars they offer their workforce is aligned ...
-
AnalysisWhat the future holds for company car schemes
If you read nothing else, read this…Mobility and flexibility will be at the heart of future fleet schemes.Employers must be mindful of the cost-conscious Generation Y.Mobile apps will help staff service their vehicles while on the road. Mobility and flexibility will be at the heart of future fleet schemes, according ...
-
AnalysisAre salary sacrifice car schemes worth employers' efforts to implement?
If you read nothing else, read this…Salary sacrifice car schemes offer staff access to a brand new car and ongoing support and maintenance in return for sacrificing a portion of their gross salary. Employers and employees can make big tax and national insurance savings. Scheme communications must highlight employees’ benefit-in-kind ...
-
AnalysisHow flexible working can boost staff wellbeing
If you read nothing else, read this…The right to request flexible working was extended to all UK employees on 30 June 2014.Flexible working options allow staff to be more flexible about managing their health, whether it be controlling the times they take medication, frequent the gym or cycle to work.Flexible ...
-
AnalysisWhy new flexible retirement options should lead to a revamp of HR and benefits strategies
If you read nothing else, read this…72% of pension professionals are not prepared to deal with the consequences of the pension flexibilities. (Aon Hewitt)Financial education could become a prominent feature of benefits packages to help employees plan for retirement.Employers will have to adapt working arrangements to cater for flexible retirement.Default ...