All Analysis articles – Page 64
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AnalysisHow to use offshore employee benefit trusts
If you read nothing else, read this…Employee benefit trusts are tax-efficient discretionary trusts designed to hold employee assets.EBT assets may include employer shares and be held in the UK or offshore.Some employers are reluctant to use offshore EBTs because of negative publicity surrounding corporate tax avoidance.But in recent years, such ...
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Analysis
The rise and fall of the company share option plan
If you read nothing else, read this…Employer support for company share option plans (Csops) is in decline.Csops cost the government £45 million in tax relief in 2012/13.The Finance Bill is expected to boost employers’ Csop take-up.The Institute for Public Policy Research (IPPR) called for Csops to be abolished in its ...
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AnalysisHow to identify motivation cold spots
If you read nothing else, read this…Organisational change can create unrest in a workforce.Line managers can play an important role in identifying any engagement and motivation issues.Recognition schemes with clear objectives can help to re-engage and re-motivate staff.Management changes, office relocations and restructuring exercises have been common occurrences during the ...
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AnalysisHow to measure workplace stress
If you read nothing else, read this…Workplace stress is a growing cause of sickness absence.Employers can use a number of tools to measure workplace stress.Line manager awareness remains key.The Employee Benefits Healthcare research 2013 , which was published in June, found that 38% of respondents cited personal mental health ...
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Analysis
How to manage obesity in the workplace
If you read nothing else, read this… Obesity is a highly sensitive topic for employers to address. Obesity can lead to a range of illnesses, including diabetes and heart disease. Promotion of healthy eating and physical exercise can help employees to manage their weight.Obesity researchers Professor Barry Popkin and Professor ...
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AnalysisDe-risking pension investments in the run-up to retirement
If you read nothing else, read this…Members of DC pension schemes face critical investment choices in the run-up to retirement.Employers can provide financial guidance to help employees make informed decisions.Employees can choose different investment approaches based on level of risk.However, the numbers are set to rise. Some 400,000 people applied ...
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AnalysisHow to get the most from emergency childcare spend
If you read nothing else, read this…Employers should carry out research to ascertain what percentage of employees will use emergency childcare and calculate the time and money they can save staff by offering an in-house scheme.The scheme should be communicated properly and made as accessible to employees as possible.Employers could ...
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AnalysisFacts and figures on health and wellbeing benefits
Employee Benefits Healthcare benefits research 2013, which surveyed 376 HR and benefits professionals, was published in June 2013CBI/Pfizer Absence and workplace health survey, published by the Confederation of British Industry in July 2013EMEA health care survey, published by Mercer Marsh Benefits in June 2013The Emerging technology in health engagement research, ...
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Analysis
How to assess the employee experience of private medical insurance claims
If you read nothing else, read this…Lower PMI premiums do not necessarily mean a less satisfactory employee experience.Consultants and advisers are good sources of information about the quality of a PMI provider’s service.Employers could survey scheme members to assess their opinions on the benefit.With most PMI schemes subject to annual ...
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AnalysisHow to support employees affected by cancer
If you read nothing else, read this…Employees often remain in work after their cancer diagnosis.Employers may be required to make reasonable adjustments to support an employee’s return to work.Line managers require training about how to communicate with staff affected by cancer.A common mistake some employers make when selecting employee benefits ...
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AnalysisHow to address preventable causes of employee absence
If you read nothing else, read this…Absence related to musculoskeletal and mental health issues is usually preventable.Line managers are key in preventing absence as long as they are educated about how to do so.Workstation assessments and health screening can help to identify employees’ health risks.Sick days cost UK business nearly ...
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AnalysisThe motivational impact of sports and social clubs
If you read nothing else, read this…Sports and social clubs help build employee engagement and motivation.Clubs can help employers support employees’ emotional and physical wellbeing.Clubs are typically created and run by employees, but often funded by employers.Clubs are typically initiated and run by employees, but they are owned and ...
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Analysis
Motivational sporting events to follow in 2014
In fact, more than one-third (34%) of delegates at the Employee Benefits Summit in 2012 offered themed events for staff during the games.If you read nothing else, read this…An employee motivation scheme can be themed around a major national or international event, such as the Winter Olympics.A scheme should have ...
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Analysis
The pros and cons of salary sacrifice training benefits
If you read nothing else, read this…Work-related training offered through a salary sacrifice arrangement brings national insurance savings for employers and employees.The training must be work-related, but it can be extended to include language or IT courses, for example.Offering training in the workplace can boost employee engagement and motivation.In the ...
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Analysis
International wellness needs a balanced approach
Adding to that is stress, which the World Health Organization has called the ‘health epidemic of the 21st century’.Traditionally, employers have managed health by providing isolated medical benefits. However, as benefits costs have continued to rise, employers now have to balance providing the best benefits package with a need to ...
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AnalysisHow to run a global recognition scheme
If you read nothing else, read this…Recognition schemes can help to reinforce corporate values.Pre-paid voucher cards are an easy gift to offer globally.But employee recognition ceremonies can have a longer-lasting impact on a business.For example, an employer may send a thank-you card to an employee who upholds the organisation’s aim ...
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AnalysisHow consumer attitudes are affecting benefits strategies
If you read nothing else, read this…Employers are interested in applying consumer marketing techniques to their organisation. Consumer marketing involves tracking and analysing consumer behaviour, attitudes and preferences, and using this data to shape marketing strategies and advertising campaigns.There are dangers involved if employee data is misused.But Target’s sophisticated marketing ...
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Analysis
Top luxury company car models with low carbon dioxide emissions
If you read nothing else, read this:Tax breaks are encouraging employers to offer low-emission cars in their fleets.Luxury car makers are producing models that fulful green requirements.It is important for employers to consider a car’s whole-life costs.Demand for electric cars remains low, but is expected to rise.But carbon dioxide (C02) ...
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Analysis
Key considerations for salary sacrifice car schemes
If you read nothing else, read this…A car salary sacrifice policy may include an early termination fee to be paid by the employee.Employers can add a premium to cover any exit penalties.Employers are obliged to continue to offer the same level of benefits to staff on maternity or paternity leave.But ...
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AnalysisHow to strike the right balance of risk in default investment strategies
If you read nothing else, read this…After auto-enrolment, the regulator is becoming increasingly involved in the investment range and default funds on offer in workplace pension schemes.Most schemes use lifestyle funds, some of the traditional weaknesses of which can be overcome by using diversified, and often highly active, multi-asset investment ...