All Analysis articles – Page 7
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AnalysisHow can a benefits proposition support different faiths in the workplace?
Need to know:Employers need to think about ensuring workers from all faiths can thrive if they want to engage and retain talent.Measures that could help might include flexible leave policies for religious festivals, prayer rooms and tolerant dress codes.Benefits professionals will need to ensure they offer suitable pension investments and ...
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AnalysisWhat impact has the pandemic and economic crisis had on pay gaps?
The UK government suspended pay gap reporting in 2019/20 due to the pandemic and delayed enforcement for 2020/21, giving organisations an additional six months to publish their data.Those in insecure work, such as zero hours contracts and temporary employment, suffered greater falls in earnings and hours during the pandemic than ...
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AnalysisHow to support the wellbeing of mental health first aiders
In order to be able to effectively support someone with their mental health, mental health first aiders (MHFA) need to ensure they are protecting their own wellbeing and not pouring from an empty cup.An essential part of the MHFA training should be a clear understanding of the role and its ...
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AnalysisHow can employers support parents with babies that need neonatal care?
Need to know:The Neonatal Care (Leave and Pay) Bill will allow parents with babies needing neonatal care to take up to 12 weeks paid leave.The Employer with Heart charter is awarded to organisations that have extra provisions in place for employees with babies who are born prematurely.Support such as an ...
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AnalysisHow to implement flexible pension policies
Flexible pension policies can help employees shore up short-term financial wellbeing, while still saving for the future.In difficult periods, the ability to flexibly drop or pause pension contributions could be invaluable.Flexible policies should be combined with effective communication and education to ensure staff understand the impact of their choices.The word ...
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AnalysisTeam versus individual recognition in the time of hybrid working
Team and individual recognition schemes may follow some of the same guidelines, but there are key differences when it comes to implementing these successfully.Employers must consider what forms of team and individual recognition work for their culture, and understand how this is changing during the rise of hybrid working.Connectivity and ...
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AnalysisWhat role do share schemes play in the current economic climate?
While share schemes may not solve immediate financial worries, they can help boost long-term financial stability.Aligning staff with shareholders can improve motivation and engagement, reducing absence and turnover at a time when talent is at a premium.Proper communication of both the negatives and positives will help ensure staff get the ...
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AnalysisBuyer’s guide to car salary sacrifice schemes
Car salary sacrifice arrangements remain a popular employee benefit; in its January 2023 Leasing Outlook, the British Vehicle Rental and Leasing Association (BVRLA) found a 20.5% year-on-year increase in company cars funded through salary sacrifice to quarter three in 2022.What are car salary sacrifice schemes?A car salary sacrifice scheme allows ...
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AnalysisWhat are the benefits of educating employees around pensions investments?
Need to know:There are plenty of benefits to getting employees engaged with their pensions investments, but employers should to be clear about what behaviour they want to encourage.Investments can be made meaningful by using layman's terms to explain the funds, and what they mean for employees.Bringing environmental, social, and corporate ...
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AnalysisHow is the cost-of-living crisis affecting what employees want from their benefits packages?
The cost-of-living crisis has employees demanding pay rises in line with inflation, but many employers are unable to afford this long-term.Benefits that support financial wellbeing and education, including day-to-day budgeting and discounts, can help pay stretch further without raising pay.Employers should focus on practices that are sustainable and work for ...
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AnalysisHow can employers help staff avoid burnout while managing productivity?
Burnout symptoms include increased frustration and irritability, indifference towards work, being withdrawn and tearful, higher levels of absence, and less inclination to learn and develop.Having regular conversations about mental health with employees, understanding more about the reasons behind burnout, and highlighting what support is available, is key.A workforce with stronger ...
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AnalysisSupporting everyday financial wellbeing in a changing economic climate
Employers are experiencing increasing demand from employees for salary rises because of the pressures on everyday financial wellbeing, such as the ever-rising cost of living, inflation and interest rates.Employers can offer their workforce support on how to save by utilising their workplace benefits, including discount schemes and budgeting tools.Financial education ...
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AnalysisHow to implement affordable healthcare benefits in a cost-of-living crisis
Need to know:The cost of providing or accessing benefits is always going to be a big factor for employers and employees.Many healthcare benefits can be implemented at low cost to the organisation and no cost to the employee.Redirecting benefit spend to schemes which are more valued will ensure employees are ...
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AnalysisWhere should employers draw the line with benefits provision?
If employers are not seeing a return on their investment in benefits or schemes are not achieving their desired aims, such as increased employee engagement or retention, then they might be spending too much.Employers should consider whether they are offering benefits to be viewed as an attractive place to work ...
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AnalysisHow to effectively recognise remote workers
Employers should first identify how employees want to be recognised for their efforts so what they offer resonates with them.Regular communication can be an effective way to support remote workers and adjustments should be made for those who raise concerns.Employers should avoid any risk of proximity bias, whereby they provide ...
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AnalysisHow to design pension communications to engage younger workers
One effective way in which employers can help drive employee engagement with pensions is by ensuring ease of access, so they can engage more easily and more regularly.Different age groups will ultimately respond to information in different ways, so employers should consider using different methods of communication according to employees' ...
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AnalysisHow sustainable are employers’ pay strategies?
Record high inflation in the UK is resulting in some employers increasing pay levels in an attempt to keep up.Unless changes to pay strategy are underpinned by a clear rationale and aligned to a well-thought through reward initiative, they are at risk of being unsustainable in the long-term.Alongside one-off payments ...
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AnalysisHow can employers support LGBTQ+ employees?
Need to know:In ensuring that they are supporting employees from within the LGBTQ+ community, employers need to talk to and gain feedback from their employees to establish their needs and identify areas where they feel support is lacking.The inclusion of LGBT+-friendly benefits, such as gender transitioning treatment, fertility and parental ...
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AnalysisBuyer’s guide to financial education
What is financial education?Financial education as a benefit can take many forms. At its simplest, it could simply mean providing online or workplace-based resources which employees can access in order to boost their understanding of their finances. At the higher end, financial education programmes can be holistic, providing multimedia resources, ...
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AnalysisWill automation and AI revolutionise the world of benefits in 2023?
Need to know:The use of artificial intelligence (AI) and automation in employee benefits is growing.This can help employees receive personalised recommendations.Employers can also benefit from greater insight around benefit schemes.Artificial intelligence (AI) and greater automation are infiltrating almost every area of business, and employee benefits is no exception. It is ...