All Analysis articles – Page 57
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AnalysisWhat is the real take-up of flexible benefits?
If you read nothing else, read this…Take-up of benefits offered via flexible benefits schemes can vary between industry sectors.Take-up could be limited by the perceived relevance of a benefit to an employee.Providing core levels of cover for some benefits and enabling staff to flex up or down to a certain ...
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AnalysisWhich key attributes will HR and benefits professionals of the future possess?
If you read nothing else, read this…The role of HR and benefits professionals has evolved from administrator to business growth driver.Employee engagement is at the heart of the HR and benefits professional of the future.Benefits professionals that develop a neurological approach to employee engagement will have a more competitive edge. ...
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AnalysisPg XX – Health screening in numbers
Source: The Benefits Research 2014 , published in May.Source: Employee Benefits/Towers Watson Flexible benefits research 2014 , published in April. bit.ly/OeUozD Source: The Employee Benefits Salary survey 2014 , published in January. bit.ly/1oUTrfNEmployer case studiesLaw firm Mills and Reeve extended the range of health screenings it offers ...
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AnalysisMotivation report – Motivation in numbers
Source: The Benefits Research 2014, published in May.Source: Hot 100/Lorica Thinktank debate, published in June 2014.Source: Employee Benefits/Towers Watson Flexible benefits research 2014, published in April.Source: Research by the UK Gift Card and Voucher Association in May 2014. bit.ly/TPDwDjEmployer case studiesAsons Solicitors launched a range of initiatives to boost staff ...
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AnalysisHow to segment flexible benefits communications
If you read nothing else, read this…Segmentation of communications is an approach largely used by retailer employers.41% of respondents to the Employee Benefits/Towers Watson Flexible benefits research 2014 send targeted messages to staff.Segmentation can be done by age, job role, salary or demographic.A main driver of workforce segmentation for ...
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AnalysisHow to select the right motivation vouchers for employees
If you read nothing else, read this…Employers should examine the demographics of their workforce to help choose the right motivation vouchers.Employee communication campaigns or surveys can reveal what types of voucher are valued by employees.Once the vouchers have been chosen, organisations should aim to keep the campaign fresh.Voucher schemes offer ...
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AnalysisWhat to look for in an online benefits portal
1. What does the portal need to achieve?A good starting point for employers is to work out what they want to achieve, says Matt Duffy, head of online consultancy at Lorica Employee Benefits. “Look at issues such as which benefits are going to be communicated on the platform and whether ...
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AnalysisHow to identify staff at risk of diabetes
If you read nothing else, read this…Diabetes is rapidly increasing in the UK.Most sufferers have type 2 diabetes, which results from poor diet and lack of exercise.The symptoms of diabetes are hard to detect.Diabetes is the biggest threat to the workforce, according to respondents to the Employee Benefits/Lorica 100 Club ...
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AnalysisHow employers can manage benefits providers' market repositioning
If you read nothing else, read this…Some benefits providers are rethinking their service proposition because of changing government legislation.An increasingly crowded benefits provider marketplace is leaving many employers struggling to identify providers’ area of specialism. Robust policies and procedures should underpin all due-diligence processes.According to attendees at the Employee Benefits/Lorica ...
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Analysis
Pg 38 – How popular is group critical illness in the workplace?
If you read nothing else, read this:Critical illness is an easy benefit to understand and offers cost-effective cover in the event an employee suffers from a chronic condition, such as a heart attack or cancer.Group critical illness is popular within flexible benefits schemes.The number of people insured under group critical ...
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Analysis
Safeguarding expatriate health is key
If you read nothing else, read this…An expatriate health and wellbeing strategy must accommodate every family member.The most likely cause of expat staff ill-health is a pre-existing condition.Air pollution, infectious diseases, altitude, humidity and temperature all contribute to local environmental health issues.For example, the winners of PruHealth and Mercer’s Healthiest ...
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AnalysisHow to create a health and wellbeing strategy for expatriate staff
If you read nothing else, read this…Employers should manage the risks associated with international assignments from the outset. Employees with underlying health issues should take priority.Health coaching and behaviour-change programmes can help employees improve their health.Creating a comprehensive health and wellbeing strategy for expatriate staff need not be difficult, with ...
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AnalysisWhat role do group risk benefits have in financial, mental and physical wellbeing?
If you read nothing else, read this…The provision and communication of group income protection and life assurance are key to securing employees’ sense of financial wellbeing.Added-value services, such as an employee assistance programme, can help to support staff with mental health issues.Early intervention and vocational rehabilitation are key elements of ...
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AnalysisHow group risk insurances must adapt to an ageing workforce
If you read nothing else, read this…The group risk market needs to consider insuring staff that are willing and able to work past the state pension age.Employers should adapt their workplace for older staff and educate younger employees to mitigate the future impact of ageing.Group risk insurances only have to ...
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AnalysisThe top six myths about group risk benefits
If you read nothing else, read this …Legislative changes in recent years have simplified group risk benefits provision.Industry trends, such as lump-sum payouts for life assurance, are reducing employers’ costs.Group income protection is more than just a disability benefit.But growth in the provision of group risk benefits must be coupled ...
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AnalysisWhere does responsibility for default pension investments lie?
If you read nothing else, read this …The primary responsibility for a defined contribution pension default fund strategy lies with the sponsoring employer.Employer responsibility is particularly important for contract-based schemes even though the employer role is implied.A board of trustees will have responsibility for the default investment in trust-based schemes.Employees ...