All Analysis articles – Page 78
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Analysis
Can some perks have unintended consequences for staff?
If you read nothing else, read this… Perks such as workplace sleeping pods or access to treats can be seen as both motivational and unhealthy for staff. To have the desired impact, these offerings must fit the culture of the organisation and the sector in which it operates. Benefits will ...
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Analysis
How to offer flexible benefits internationally
If you read nothing else, read this... International flexible benefits schemes are becoming more popular because of the employee engagement and cost savings they can bring. Global flex helps create a strong employer brand for all staff. Employers must choose providers carefully, ensuring they have the technology and resources to ...
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Analysis
Making sense of auto-enrolment staging dates
If you read nothing else, read this... Staging dates are when employers must begin the auto-enrolment process for eligible staff into a qualifying workplace pension scheme. Employers' staging dates are determined by the number of staff members employed at April 2012 and their pay-as-you-earn (PAYE) reference. Staging dates for employers ...
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Analysis
Auto-enrolment showcase: Countdown to the pension revolution
PHASING DATES FOR COMPULSORY CONTRIBUTION LEVELSThe minimum contribution rates that an employer must pay into an employee’s pension scheme will be introduced according to its staging date. From the employer’s staging date to 30 September 2017: Employer and employee each contribute 1% of salary. Total minimum contribution is 2%. From ...
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Analysis
Employee Benefits auto-enrolment showcase
Download a PDF of the Employee Benefits auto-enrolment showcaseCountdown to the pension revolutionPositive thinking will achieve objectivesFinding out the how and how muchImplementation and cost mitigationEvolution not revolution for pensionsAdministration will be the big challengeMaking all the pieces of the puzzle fitWho ordered all these extras anyway?Nest offers a straightforward ...
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Analysis
Financial Education: The employer's role in financial education
If you read nothing else, read this... A combination of information, education and advice can be the most effective way to improve employees' financial awareness. Although most employees can benefit from financial education, only a small percentage will require additional financial advice.Organisational activities and events such as changing the pension ...
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Analysis
Fuel-efficient cars pay off
If you read nothing else, read this... Manufacturers have been investing a lot of time and energy in developing eco-friendly cars, and most now offer hybrid ranges. When considering electric cars, it is important to look at journey type and access to recharging points. Selection should be about the efficiency ...
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Analysis
Financial Education: What employers need to consider in terms of brand
If you read nothing else, read this... Employer branding on financial education programmes helps to secure the trust and engagement of staff, which is vital when making changes to key financial benefits. Financial education is a partnership, and co-branding a programme to identify its origin from the employer and independence ...
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Analysis
Financial Education: Back-to-basics guide to financial education
If you read nothing else, read this . . . Financial worries can reduce an employee's effectiveness at work. Employers need to be aware that different methods of communication suit different types of employee. Workplace financial education works best when it is focused on a particular event or financial concern. ...
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Analysis
News analysis: Who pays for childcare?
Proposals for a new government-funded childcare scheme have fuelled a debate about the future of childcare vouchers.The National Childcare Contribution Scheme (NCCS), suggested in February by the Social Market Foundation (SMF) in its report A better beginning: Easing the cost of childcare, would allow working parents to borrow money from ...
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Analysis
What the retail distribution review will mean for employers
If you read nothing else, read this… Under the RDR, after 1 January 2013, all independent financial advisers and employee benefits consultants will be remunerated on a fees rather than a commission basis. Under commission-based charging, when a product such as a pension scheme is being purchased, the provider pays ...
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Analysis
Valentine's Day can help to launch quirky incentive schemes
If you read nothing else, read this... A new year can be an excellent time to launch an incentive scheme and making it coincide with an event such as Valentine's Day can help capture employees' interest. Experience days and reward vouchers offer staff a tailor-made treat.Quirky incentives need not cost ...
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Analysis
How to get extra value from benefits providers
If you read nothing else, read this… As competition gets fiercer, employers have become more demanding about how they spend their benefits budget. Employers keen to get added extras, such as helplines and roadshows, should get these written into contracts or service-level agreements. Experts advise employers to negotiate on price, ...
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Analysis
Collective gains from benefits in France
If you read nothing else, read this… France has three compulsory pension schemes and one voluntary pension for employers to offer staff. Profit-sharing schemes are mandatory for employers with over 50 staff. Subsidised lunch is available for all French employees.France has three compulsory pension plans and profit-sharing is mandatory for ...
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Analysis
Building the business case for voluntary benefits
If you read nothing else, read this… Voluntary benefits schemes need to be effectively communicated to all staff. Online portals, mobile apps and team meetings can be good ways to do this. Employers should ensure they prepare a clear business case for the finance director and that the proposed plan ...
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Analysis
Pensions auto-enrolment hard to crack for small employers
If you read nothing else, read this... The staging dates for employers with between 50 and 249 employees to comply with the pension reforms will be staggered between 1 April 2014 and 1 April 2015. Employers may use existing schemes for all eligible staff or set up new arrangements for ...
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Analysis
Know the signs of mental health problems among staff
If you read nothing else, read this... Depression and mental health problems are the biggest cause of long-term absence in the workplace. Employers need to face up to the challenge of depression in the workplace to improve employee wellbeing and productivity - and meet their duty-of-care obligations. Offering access early ...
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Analysis
The Hot 100: T - Z
Rob TanseyGroup HR director, Dairy CrestTansey has spent more than 25 years in HR, 10 at HR director level in retail and fast-moving consumer goods firms, including Travis Perkins Group, Celesio and the Burton Group.Read also Dairy Crest aims for £30m savings via pension enhanced transfer valueTim TaylorHead of group ...
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Analysis
The Hot 100: A - F
Caroline AdamsEmployee benefits manager, National GridAdams has responsibility for UK employee benefits policies, including flexible benefits, private medical insurance, family provisions, company cars and recognition. She has worked at National Grid for over 20 years and has spent the past four years as employee benefits manager.Read also National Grid introduces ...
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Analysis
The Hot 100: G - L
Stephen GamblesSenior reward manager, Santander UKGambles has been a reward specialist for over 10 years. At Santander UK, he is responsible for employee benefits, share schemes and executive remuneration. Previously, he was head of reward and HR services for Alliance Medical. Gambles has also worked for Alliance and Leicester, and ...