All Analysis articles – Page 58
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AnalysisJonathan Watts-Lay: A new compulsion
The Budget changed the face of retirement options for members of defined contribution (DC) pension schemes, with perhaps the most radical pension proposals of our lifetime.The changes have far-reaching consequences for employers, employees and pension trustees alike and introduce a level of flexibility and choice in a way that DC ...
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AnalysisTop ways to save on car running costs
If you read nothing else, read this…Savings can be made by choosing the right cars to offer employees.Fuel is the biggest area where savings can be made.Car telematics can monitor how employees drive.Driver training can teach staff driving techniques that can save on costs such as fuel. Short and long-term ...
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AnalysisHow to manage workplace burnout
If you read nothing else, read this…Workplace burnout is often perceived to have a stigma attached.It exists at all levels of employment.Employers can furnish staff with techniques to manage burnout.Line managers should be trained to discuss burnout with staff.High-profile sports stars and celebrities openly admitting they are suffering from such ...
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Analysis
Key challenges in delivering the EVP of the future
If you read nothing else, read this…The employee value proposition (EVP) of the future must reflect employees’ evolving needs.Learning and development will be a key feature of future EVPs.Line manager performance is one of the biggest challenges facing HR and benefits professionals.Less than a quarter of respondents (22%) to the ...
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Analysis
Is benefits technology helping or hindering HR and benefits professionals?
If you read nothing else, read this…Most employers consider technology to be instrumental in helping them engage with generations Y and Z.But providers have a long way to go to meet employers’ and employees’ needs.The benefits technology market needs consolidation.Increased competition has led to a crowded marketplace overflowing with products ...
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AnalysisLatest developments in online recognition platforms
If you read nothing else, read this…Technological advances are paving the way for the evolution of online recognition programmes and tools.Peer-to-peer, or social, recognition, can be accessed via web-based applications (apps), smartphones and social networking sites.This broader use of workplace recognition also helps to gather data about employees and could ...
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AnalysisWhy employee wellbeing should be on every business agenda
If you read nothing else, read this…Employers need to build staff engagement to help fight the war for talent. Organisations need to consider benefits that help differentiate them from competitors.Wellbeing plans need to be aligned to employers’ workforce demographics. As the economy strengthens and the job market improves, the power ...
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Analysis
How to get a return on investment on health checks
If you read nothing else, read this…Employers have a duty of care to optimise their employees’ health and wellbeing.Basic workplace health checks can measure employees’ weight and blood pressure.But employers need to consider how to get a return on investment.For example, benefits fairs, where an employer’s healthcare providers showcase their ...
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Analysis
What can employers do if they are struggling to comply with auto-enrolment?
If you read nothing else, read this…The number of employers stuggling to comply is likely to rise as small employers begin auto-enrolment.The Pensions Regulator (TPR) issued its first section 89 report to highlight key lessons to help employers avoid non-compliance.TPR runs webinars to offer advice.TPR and pension consultants can focus ...
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Analysis
Mental health is now a boardroom issue
If you read nothing else, read this…The stigma of mental illness is yet to be shaken off.Employers need to take a more pragmatic approach to dealing with employees’ mental health needs.Good mental health makes good business sense.The mental health agenda has reached a tipping point.Finally, enlightened organisations are starting to ...
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AnalysisHow to deliver both good and tough messages on incentives
If you read nothing else, read this…Pay motivates staff, but it is not the primary motivator.Recognition is more important than pay for many employees.Bonuses should be awarded only for good performance.More than three-quarters of respondents (76%) to the research survey, published in June, said pay helps to motivate staff, but ...
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Analysis
Employers' key challenges in supporting employee health and wellbeing
If you read nothing else, read this…Employees’ reluctance to take responsibility for their own health and wellbeing is one of the key challenges facing employers.Employees want reassurance, rather than workplace support, to increase their awareness about potential threats to their health.Younger generations expect to have access to a workplace wellness ...
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AnalysisWhy hard data on employee benefits has become so crucial
If you read nothing else, read this…Cost is driving HR to use data to justify benefits decisions.In the future, readily accessible data will change the way benefits programmes are designed.Data is everywhere, but a balance must be struck between drowning in data and not having enough and therefore making blind ...
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Analysis
Why employers are struggling to engage staff in workplace pensions
If you read nothing else, read this…Contradictory government legislation is not helping employers promote pension savings efforts.Employers must support staff to actively engage with their workplace pension scheme.For some employees, pension contributions are just another irritating deduction from pay.Employers are consequently grappling with how best to engage these employees to ...
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AnalysisHow to optimise private medical insurance's effectiveness
If you read nothing else, read this…Effective use of private medical insurance (PMI) can help to attract and retain staff.Employers can boost the effectiveness of PMI by offering it to staff as part of a holistic health and wellbeing strategy.Claims cost management is a useful PMI feature.There has been a ...
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Analysis
Gamification in pensions communication
If you read nothing else, read this…Gamification is a trend to employ game mechanics in non-game environments.Employees could receive a reward for completing a games process.Gamified design of pension communications must not be tedious.By 2015, 50% of organisations will gamify innovation processes (Gartner).According to technology research firm Gartner’s Future of ...
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AnalysisThe role of independent governance committees
If you read nothing else, read this… Pension providers will have to set up independent committees to monitor their investment and administration activities from April 2015.This is an imperfect solution because the committees will not be able to take account of every employer’s scheme.There is also scepticism about what changes ...
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