All Analysis articles – Page 60
-
AnalysisHow to maximise global benefits scheme efficiencies
If you read nothing else, read this…Global employers must consider costs in the context of employees’ locations. The design of a benefits scheme can help to contain costs.Multinational pooling can save an employer money on insured benefits.One of the key challenges for global employers is the specific healthcare needs of ...
-
-
-
AnalysisWho will be responsible for providing financial education?
The government announced that, from April 2015, it will guarantee free, impartial, face-to-face advice for all employees that retire in DC pension schemes.But there is much discussion in the industry about whether this responsibility will fall to employers, financial education and pension providers, or the government.Tim Perkins, a director at ...
-
AnalysisSummer driving tips for employees
If you read nothing else, read this…Employees who drive abroad should perform essential car maintenance checks, such as oil, cooling fluid and tyre pressure.Drivers should familiarise themselves with the driving rules in the countries they plan to visit, which can vary. A leasing firm can advise an employee on the ...
-
AnalysisHow to manage workplace dementia
If you read nothing else, read this…Diagnosis rates of people with dementia are increasing.Employers have a duty of care and a legal requirement to make workplace adjustments for staff with dementia. Employee assistance programmes, private medical insurance and group income protection can help to support affected staff.The mental illness hit ...
-
AnalysisDale Critchley: Budget pension changes have positive impact for employers
So what does this watershed moment mean for the future of workplace pensions? There is little doubt that for employees, coming so soon after the introduction of auto-enrolment, it is another positive. But what about the possible benefits for employers?Common threadsThere are two themes running through the recent reforms. First ...
-
AnalysisWhy benefits professionals need to consider corporate social responsibility
If you read nothing else, read this…There is no single definition of corporate social responsibility . The term increasingly relates to how employers take responsibility for their impact on the communities and environment in which they operate, as well as the way they treat their staff.Employers should use their benefits ...
-
AnalysisHow dental benefits can reduce employees' time away from work
An employer can offer dental cover via a health cash plan or dental insurance. Helping staff to maintain a good oral health routine may lessen the likelihood of them needing emergency treatment and taking extra time off work.Roger Matthews, chief dental officer at Denplan, says: “There is a recordable loss ...
-
AnalysisHow are The Pensions Regulator’s quality assurance steps useful for employers?
If you read nothing else, read this…The Pensions Regulator’s code of practice sets out six principles and 31 quality features.The code is useful to help employers meet pension governance requirements.TPR expects pension schemes to comply with the code.The code may need to be rewritten to accommodate new measures introduced by ...
-
AnalysisHow to align group risk with an employer’s total risk policy
If you read nothing else, read this…Most risk management and insurances are generally handled by risk teams, but people-related products, such as group risk cover, often remain with HR or benefits departments.People-related risk can represent a business risk to the organisation, particularly if the employer’s pay and reward strategy cannot ...
-
Analysis
What staff need to know about capital gains tax on employee share plans
If you read nothing else, read this…Many large employee share plan payouts are expected this year.Good employers will ensure staff are informed about the possible tax implications.Gains of more than £11,000 can be mitigated in three key ways: transfer to a spouse, to an individual savings account or to a ...
-
-
AnalysisCreating an employee value proposition to win the war for talent
If you read nothing else, read this…An EVP comprises the benefits and rewards that employers offer employees in addition to, and often as part of, their employment contract.An employer’s brand is key in attracting, retaining and motivating talent .Benefits should be engaging and relevant for staff.A number of recent surveys ...
-
AnalysisDaniel Gilborn: Computer scheme returns
The home computing initiative (HCI) was a government programme first introduced in 1999 to improve the IT skills of employees and grow the number of internet users. It allowed employers to provide personal computers and peripherals to their staff without the benefit being taxed.In April 2006, HM Revenue and Customs ...
-
AnalysisEmployee Benefits' Hot 100 list of benefits managers for 2014
‘Congratulations to the 2014 Hot 100 benefits managers’ — read Employee Benefits’ Editor Debi O’Donovan’s take on this year’s Hot 100.‘The challenges and learning curve for anyone in this role are enormous’ — read Hot 100 sponsor Lorica Employee Benefits’ take on this year’s list.Skip to D Skip to J ...
-
-
AnalysisStephen Hackett: Health management and wellness: tackling a growing global issue
A combination of factors means health insurance benefits are under increasing financial pressure globally. The cost of health insurance is rising by 3-5% above gross domestic product (GDP) in most countries in the world.This puts increasing pressure on employers that provide health insurance as part of their benefits offering. So ...
-
AnalysisHow to devise a summer motivation programme for staff
The summer season is a great time to promote activities and incentives to help boost employee engagement.Employers looking to build a seasonal programme should first consider how all reward and benefits schemes work together in the organisation to achieve an overall purpose, for example staff motivation.Paul Bartlett, divisional director for ...
-
AnalysisHow to deliver a holistic health and wellbeing strategy
If you read nothing else, read this…Responsibility for an employer’s healthcare strategy provision may be divided between multiple teams. A cohesive strategy relies on a clear governance structure, determining where responsibility lies between teams. A shared healthcare benefits dashboard can give all teams access to relevant data.Responsibility for providing an ...