All Analysis articles – Page 66
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AnalysisWorkplace savings report – September 2013
It includes the following articles:Padraig Floyd: The impact of financial educationHow to measure the impact of financial education programmesQuirky schemes to help employees saveFinmeccanica offers staff award-winning pension investment choicesHow popular are pension scheme guarantees?Read more articles around workplace savings
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Analysis
Karen Gaynor: Total reward and the employer value proposition
Karen Gaynor (pictured), head of reward, UK and north-west Europe at Siemens will speak at Employee Benefits Live on 25 September about total reward and the employer value proposition.Employee Benefits asked her a few key questions:1. What has been your biggest challenge in 2013? The readiness for auto-enrolment has taken ...
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Analysis
Key points to consider about bring your own device (BYOD) to work schemes
If you read nothing else, read this:Employers need to ensure staff comply with the Data Protection Act when implementing a bring your own device (BYOD) to work scheme.BYOD schemes enable employees to be flexible, fast and productive.A big cultural change is required to implement a BYOD scheme.BYOD schemes allow employees ...
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AnalysisWhere does employee recognition fit into a development review?
If you read nothing else, read this…Employers can use peer reviews to help with the performance development review (PDR) process.New technologies offer an opportunity for employers to ask employees about their peers.A recognition scheme can be easily integrated into a PDR.PDRs can also be linked to motivation and recognition programmes. ...
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Analysis
Interview with Neil Morrison, group HR director, UK and international, Penguin Random House
The University of Sheffield graduate wanted a change from the theoretical and research-orientated world of academia, and so moved into the role of personnel services officer at Dartford and Gravesham NHS Trust.Morrison explains: “I really wanted to do something that was applied, and I really enjoyed doing something where you ...
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AnalysisHow to green a flexible benefits scheme
If you read nothing else, read this …In October 2013, for the first time, UK quoted companies will have to report their greenhouse gas emissions in their annual accounts.Sustainable and green benefits include bikes-for-work schemes, low-emission company cars, environmental pension investments and opportunities to eco-volunteer.These perks, as part of a ...
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AnalysisDo healthcare strategies have to be long-term?
If you read nothing else, read this:Short-term initiatives can help to lay the foundations for a long-term change in employee health and wellbeing.Behaviours, such as healthy eating or exercise, must be repeated regularly if they are to become a habit.Regular communication about healthy initiatives at work can help to create ...
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Analysis
Andrew Woolnough: Benefits that drive staff engagement
Aon Hewitt’s latest Global Engagement Trends report revealed that pay, the extent to which employees believe they are fairly paid for their contribution to an organisation’s performance, is the third most important driver of employee engagement. In traditional engagement research, pay is often thought of as a hygiene factor. This ...
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AnalysisCapita launches health and wellbeing analysis tool
Capita Employee Benefits has launched a health and wellbeing analysis tool designed to help employers make better decisions about their health and wellbeing strategy in order to potentially reduce insurance costs.. The Corporate Health Analysis Tool (Chat) analyses data from all benefits offered by an employer, generating specific information on ...
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AnalysisReward's role in building trust
If you read nothing else, read this…Organisational trust is based on co-operation, co-ordination and collaboration.Employers should be realistic to staff about their employment proposition.Robust service level agreements are not the only way employers can build trust-based relationships with providers.A desire to rebuild employee and investor trust was clearly at the ...
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Analysis
How to review a default investment fund
If you read nothing else, read this …Default funds should be reviewed about once a year.Reviews should start by looking at the profile of the membership and the objectives of the fund.Employers should also examine the market to see what types of investment fund are available.David Harris, managing director at ...
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AnalysisCalculating the cost of auto-enrolment
If you read nothing else, read this ….Employers should complete a cost-impact assessment to determine their expected costs.With increasing contributions, ongoing administration and penalties for non-compliance, employers should be prepared for short-term and long-term costs.An investment is being made, so make sure there is value in that investment by communicating ...
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Analysis
Interview with Anne Teggart, European compensation and benefits lead, Sapient
A surge in staff awareness about the benefits available to them at global services business Sapient is the greatest career achievement to date for the organisation’s European compensation and benefits lead, Anne Teggart.Teggart, who joined Sapient in June 2010, has worked hard to boost employees’ understanding and take-up of perks, ...
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Analysis
David Williams: The future of group risk benefits looks flexible
There has always been much debate about the future direction and rate of growth of the flexible benefits market. What is clear, however, is that the group protection flex market is growing year on year.Employers are embracing both the cost-saving opportunities and technology support provided by flexible benefits, while still ...
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Analysis
Top tips for minimising group risk benefits spend
If you read nothing else, read this:Cut the cost of group risk provision by taking a holistic view of benefits.Consider using a master trust or multinational pooling.Be aware of added benefits to ensure there is no overlap in benefits provision.Cost was cited as the main influence on the decision to ...
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AnalysisHow to use group risk benefits to rehabilitate employees back to work
If you read nothing else, read this:Rehabilitation benefits are off ered through group risk insurance providers to aid employees’ return to work.Rehab can include cognitive behavioural therapy and physiotherapy.Successful rehab relies on the collective efforts of employees, their employers and their insurerRehabilitation benefits enable employers to take an active role ...
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AnalysisHow to align group risk benefits with business strategy
If you read nothing else, read this:Many group risk schemes are the result of legacy business rather than current strategy.Employers are increasingly valuing income protection for its ability to reduce absenteeism.Auto-enrolment could result in employers taking a more strategic view towards group risk.In an ideal world, group life, income protection ...
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AnalysisHow employers can promote heart health in the workplace
If you read nothing else, read this…Coronary heart disease (CHD) is the UK’s biggest killer, causing 82,000 deaths per year according to the NHS.The number of working age adults living with CHD in the UK is estimated at 800,000.Employers can help to to prevent the causes of heart disease by ...
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Analysis
Russian rewards
Andrei Murygin, partner in Linklaters’ Moscow office, says: “There is no culture of offering [benefits] to every worker. The penetration levels are very low compared to the European countries.”Tania Bearryman, group director of Ogier Corporate Services, adds: “The understanding of the benefits [employers] can get out of a properly implemented ...