All Analysis articles – Page 76

  • Analysis

    Group risk roundtable: Sponsor's comment: Intervention is the key

    2012-04-29T23:00:00Z

    Group income protection can play a vital role in reducing sickness absence, says Steve Bridger, head of group risk at Aviva UK HealthGrowing interest by the government in addressing the problems of sickness absence in the UK - as evidenced by the sickness absence review (SAR) - creates a unique ...

  • Analysis

    Should more importance be placed on dental care?

    2012-04-29T23:00:00Z

    If you read nothing else, read thisEmployers and employees both believe dental health helps overall wellbeing.Employers' interest in dental healthcare is increasing as they seek low-cost but desirable benefits.Employers can share the cost of dental benefits with staff.The increasing scarcity of NHS dentists, plus rising private dentistry costs, is expected ...

  • Analysis

    How forward-thinking HR departments are rethinking employee benefits

    2012-04-29T23:00:00Z

    If you read nothing else, read thisHR professionals need to become educators rather than administrators, to help support employees in the correct use of benefits.Administrative HR functions should be outsourced to enable HR professionals to concentrate on strategy.Cost reviews will be ongoing, more proactive and more about value-added services than ...

  • Analysis

    Group risk roundtable: Increasing the value of group risk benefits

    2012-04-29T23:00:00Z

    If you read nothing else, read this... Group risk benefits can provide valuable services, such as HR support. Group risk provision should be promoted in terms of health andwellbeing support, rather than absence insurance. Increased take-up of group risk benefits will drive down premiums.Group risk benefits have become far more ...

  • Analysis

    How will the pension reforms impact on annual management charges?

    2012-04-29T23:00:00Z

    If you read nothing else, read thisAuto-enrolment and the other pension reforms have put the spotlight on annual management charges (AMCs).Employers may be faced with higher AMCs for existing scheme members if they decide to use their current pension scheme for auto-enrolment.The national employment savings trust (Nest) will offer an ...

  • Analysis

    Group risk roundtable: Catering for an ageing workforce

    2012-04-29T23:00:00Z

    If you read nothing else, read this… Half of over-50s have a chronic health condition and, although this might not affect their ability to work, employers will need to consider making adjustments to accommodate them in the workplace. On average, older people take less short-term sickness absence than their younger ...

  • Analysis

    Group risk roundtable: Dealing with absence

    2012-04-29T23:00:00Z

    If you read nothing else, read this… Line managers can be trained to identify the early warning signs of illness, but employers must ensure they do not overburden them with responsibility. Creating the right culture using wellness days and stress awareness training can help build more resilient employees and reduce ...

  • Analysis

    Top 10 reasons to introduce a bikes-for-work scheme

    2012-04-29T23:00:00Z

    If you read nothing else, read thisBikes-for-work schemes can have a number of advantages for employers and staff.Through such schemes, employers can loan bikes and accessories to staff with payment made via a salary sacrifice arrangement, which results in tax savings for the employee, and national insurance savings for the ...

  • Analysis

    Preparing for the real-time information programme

    2012-04-01T23:00:00Z

    If you read nothing else, read this… Employers will be required to send HMRC information about employees’ pay and deductions before, or when, they run their payroll process, rather than at the end of the tax year. Year-end submission of P14s for all staff, a P35 summary and employer declaration, ...

  • Analysis

    Workplace Savings Viewpoint: An exciting journey

    2012-04-01T23:00:00Z

    Corporate platforms will help employers and employees get to grips with a new era in pensions and workplace savings, says Padraig FloydThe government has pinned its hopes on the workplace becoming the hub for the population's future saving plans. People trust their employer far more than they do government or ...

  • Analysis

    Workplace Savings Viewpoint: Debt management

    2012-04-01T23:00:00Z

    Taking full advantage of the benefits available from their employer can help employees keep their finances under control, says Keith TondeurOver the years, many people have said to me that despite being offered generous benefit schemes by their employer, they just can't afford to join them.Sadly, this is a reflection ...

  • Analysis

    Are HR professionals cut out of key reward decisions?

    2012-04-01T23:00:00Z

    If you read nothing else,read this… Compensation and benefits professionals may be bypassed on key reward decisions. HR issues that are often devolved to line managers include staff motivation, talent management and sickness absence, while executive compensation decisions may be made by remuneration committees. If responsibility is to be devolved, ...

  • Analysis

    Workplace Savings Viewpoint: Corporate platforms

    2012-04-01T23:00:00Z

    Corporate platforms offer an integrated way to manage pensions and savings benefits that should boost engagement, says Holly MackayCorporate platforms (or corporate wraps, as they are also known) are the latest tool to be crafted by the retirement savings industry. They are designed to house workplace savings, which have traditionally ...

  • Analysis

    How to get a complete retirement forecast with multiple pension schemes

    2012-04-01T23:00:00Z

    Employees in multiple pension schemes can find it hard to get an overall view of their retirement income, says Ceri Jones.Creating meaningful pension forecasts for employees in multiple schemes is a tricky task. In particular, where employers have closed a defined benefit (DB) scheme to future accrual and staff are ...

  • Analysis

    Total reward statements show full value of benefits

    2012-04-01T23:00:00Z

    If you read nothing else, read this… Total reward statements (TRS) should be one piece of a larger approach to benefits communication. TRS can be used to promote the non-cash benefits on offer, putting a tangible value on these perks. Some employers are combining TRS with face-to-face pay reviews.Total reward ...

  • Analysis

    Awaydays help team building and motivation

    2012-04-01T23:00:00Z

    If you read nothing else, read this… Employers should set out their objectives and what they want to achieve from the awayday. A seniority-free environment will get the best out of the entire group. Timing must be appropriate. For example, an awayday for the accounts team will not go down ...

  • Analysis

    How will pension reforms affect employment contracts?

    2012-04-01T23:00:00Z

    If you read nothing else, read this… Auto-enrolment is complex and may cause employers difficulties. Care is required in how part-timers, fixed-term workers and secondees are treated. Identifying eligible employees is one of the hardest tasks, because an employer’s existing systems will not be set up to capture this data. ...

  • Analysis

    Workplace Savings Roundtable: Taking the platform

    2012-04-01T00:00:01Z

    Employee Benefits and The Platforum assembled a panel of corporate platform providers to discuss developments and prospects for this new benefits delivery medium. Padraig Floyd reportsCorporate platforms enable employers to better manage and communicate their workplace savings benefits to employees. But one size does not fit all. Small employers may ...

  • Analysis

    Workplace Savings: Joined-up thinking needed for workplace savings

    2012-04-01T00:00:01Z

    If you read nothing else, read this... The workplace offers short-term savings options through SAYE share schemes, long-term savings through a pension and medium-term savings via a workplace Isa. These are simple, cost-effective and appeal to a broad spectrum of employees. They can work well alongside existing benefits. They can ...

  • Analysis

    Workplace Savings: Pensions given greater priority by employers

    2012-04-01T00:00:01Z

    If you read nothing else, read this... Auto-enrolment means all employers will be forced to offer a pension scheme to qualifying employees irrespective of any other benefits offered. More and more employers are segmenting their workforces, offering more generous pension benefits to those that value them. Reward budgets are being ...