All Analysis articles – Page 8
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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 mean providing online or workplace-based resources which employees can access in order to boost their understanding of their finances and the benefits available to them. At the higher end, financial education programmes ...
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AnalysisWhat will the top reward trends be in 2023?
The cost-of-living crisis and looming recession has led to a stronger focus on support which will follow into the new year, with some employers looking at cost-effective options.Due to the struggle for talent and the rising costs of living, pay awards are expected to be higher next year than in ...
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AnalysisWhat should a comprehensive fertility support policy include?
A fertility support policy must be inclusive and not take gender, relationship status or age into account.Flexibility is key as employees may not know the dates when they may need to take time off of work for a scan, to review a drug regime or see a consultant for example, ...
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AnalysisBuyer’s guide to employee assistance programmes
What are employee assistance programmes?An employee assistance programme (EAP) is, at its core, a helpline, paid for by employers and provided free to staff, which provides confidential advice and assistance around a wide range of subjects that might affect them both at work and in their personal lives.This typically includes ...
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AnalysisCan a robust employee experience counteract the quiet quitting trend?
Need to know:The term quiet quitting refers to employees contributing the bare minimum in their jobs and putting in no more time or effort than is necessary.It is in a response to the burnout many employees are experiencing, and can be considered disrespectful to the hard work that many have ...
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AnalysisHow to engage staff with a total reward offering
To engage employees with a reward package, it needs to be clearly communicated, easy to understand and impactful in order to show its true value.The increasing use of personal devices to access benefits means that digital methods are often more effective.Factoring reward package reviews into formal milestones, such as six-month ...
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AnalysisHow does the enhanced climate change reporting affect workplace pension schemes?
Need to know:Trustees of large pension schemes and master trusts now have an additional obligation to publish a forward-looking measure of their scheme’s alignment with the Paris Agreement.There is effectively a choice of three methodologies to accomplish this.Trustees and employers should ensure the pension investment strategy aligns with the business’s ...
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AnalysisHow to create a return-to-work support plan for newly injured or ill staff
A return-to-work plan should be devised collaboratively between the employer and employee.The best plans will be flexible depending on the condition and circumstances involved, continually evolve, be kept under review and aim to achieve a sustainable return.Having holistic benefits, such as using the value-added services provided alongside group risk products, ...
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AnalysisBuyer’s guide to retail and discount voucher schemes
What are retail and discount voucher schemes?Employee discount voucher schemes come in various forms, all of which aim to provide staff with savings on a range of purchases, from everyday shops to big-ticket items and the latest technology. There are three main types of scheme, which might fall under different ...
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AnalysisHow to support employees with long Covid
In July 2022, an employment tribunal ruled that an employee with long Covid was classed as disabled under the Equality Act 2010.Employers may want to ensure that they prioritise the mental health and wellbeing of affected employees and not focus on getting them back to normal as quickly as possible.Regularly ...
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AnalysisWhat role does maternity coaching play in a carer support strategy?
Need to know:Maternity coaching can provide emotional and practical support to make it easier to balance work and parental commitments.Support around return to work is important, especially as 17% of women leave employment completely in the five years after childbirth.Online services, mentoring and buddying can provide coaching support where budgets ...
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AnalysisHow can employers tailor benefits to suit ‘unretired’ employees?
Need to know:As increasing numbers of 'unretired' employees return to work, flexibility is an important factor in order to remove potential barriers from day one.Financial wellbeing may be a concern for many re-entering the workforce, while employers should consider the specific health issues facing older people.Having a tailorable benefits package ...
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AnalysisHow can employers use data to personalise a benefits proposition
Need to know:Data is helping organisations understand the needs of employees.Information can come from HR systems, surveys or employee-listening exercises.Employers can use insight to deliver personalised benefit offerings for individuals or generations.The use of data to help shape benefits strategy and decisions is becoming increasingly important as employers strive to ...
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AnalysisWhat are the most effective ways for employers to collect employee data?
Employee data should be collected in a compliant and responsible manner.Employers must be careful how they handle employee's data, especially given some of the sensitive personal, health and family data that may be available.Analytical technologies can allow organisations to gather instant and comprehensive insights on the value benefit schemes offer.According ...
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AnalysisSeptember story of the month
Julie Hodgskin: Payroll and the General Data Protection RegulationPart of the process of preparing for the new General Data Protection Regulation (GDPR) will be to perform a payroll information data cleanse. This needs to be planned and methodically carried out by 25 May 2018.The Information Commissioner’s Office has given us ...
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AnalysisHow employee data can build a resilient workforce
Need to knowEmployee data can help create a tailored, personalised approach that encourages engagement with wellbeing-boosting benefits.Employers should use health information to influence benefits strategy to ensure packages are fit for purpose.Data usage should be safe and well communicated, while also couched in real conversations and context in order to ...
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AnalysisWhat does the collective defined contribution (CDC) code of practice include?
Need to know: The Pensions Regulator has published a new code of practice for employers that would like to introduce collective defined contribution (CDC) pension schemes. The code lays out the detailed and extensive process employers will need to go through to receive authorisation. It is ...
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AnalysisBuyer’s guide to health cash plans
What are health cash plans?The origins of health cash plans can be traced back to the 19th century when they were originally provided by charitable or non-profit organisations. As a support system that pre-dates the creation of the NHS in 1948, cash plans helped employees pay for their various healthcare ...
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AnalysisAre employers doing enough to support employees’ mental health in today’s climate?
There are a range of measures that employers can implement to help break the stigma surrounding mental health and offer support to their workforce.Identifying a wellbeing lead or training employees as mental health first aiders can be a first step to creating a support strategy.As cost-of-living increases continue to affect ...
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AnalysisHow are employers’ approaches to Christmas celebrations changing?
Some employers are bringing back their in-person Christmas celebration this year specifically to bring people together and help create a connection among the workforce, as well as address diversity and inclusion.Employers should still be mindful of individual needs and preferences, as not everyone has returned to the workplace, choosing to ...