All Analysis articles – Page 82
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Analysis
Getting staff engaged in online total reward statements
If you read nothing else, read this . . . With pay rises under pressure, total reward statements are important as a retention and motivation tool. To be fully effective, online statements must be updated regularly and linked to an organisation's wider communication strategy. Integrating statements into a reward portal ...
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Analysis
What is the national employment savings trust (Nest)?
If you read nothing else, read this . . . The national employment savings trust (Nest) is a government-devised pension scheme available as an option to employers to meet their obligations under the 2012 pension reforms' auto-enrolment rules. All employers will eventually have to contribute 3% to an eligible employee's ...
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Analysis
How can an employer stand out from the crowd?
If you read nothing else, read this … An employee value proposition (EVP) is a statement that outlines what an organisation is, what it does, and why it stands out from the competition. An EVP can be advantageous in attracting new talent to an organisation, and engaging and motivating existing ...
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Analysis
Health and wellbeing: Employees need a comfort zone
If you read nothing else, read this … Many factors in the working environment can affect employees’ health and wellbeing. Air temperature and quality, and lighting can affect a person’s mood and productivity levels. Including artwork or plants in a working environment can improve staff wellbeing. Involving employees in choosing ...
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Analysis
Health and wellbeing: A caring environment
If you read nothing else, read this . . . Financial products are available to support employees with cancer, including private medical insurance, group income protection and critical illness cover. Insurances often come with added benefits, such as employee assistance programmes. Providing practical and emotional support for staff is as ...
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Analysis
Health and wellbeing: Easing the burden of a taxing exercise
If you read nothing else, read this … Private medical insurance, dental plans, optical benefits and health cash plans are taxable perks. If the employer pays for any of these on the employee’s behalf, the employee does not pay national insurance (NI) on it, and the employer pays Class ...
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Analysis
Health and wellbeing: BT staff get message of interdependency
BT’s chief medical officer, Dr Paul Litchfield, wants the organisation’s employees to take more responsibility for their own health and wellbeing, says Tynan BartonFor Dr Paul Litchfield, chief medical officer at BT, tackling health and wellbeing in an organisation involves a culture shift from dependency to interdependency, with individuals taking ...
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Analysis
Health and wellbeing: Cashing in on the best value
If you read nothing else, read this . . . Cash plans reimburse members for the partial or full cost of a range of everyday health treatments, such as dental and optical care. Several providers offer cash plans for £1 a week per employee or less. Employers must shop around ...
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Analysis
Voluntary benefits get quirky
If you read nothing else, read this . . . Voluntary benefits schemes are often the ideal home for quirky, unusual perks. These can be aligned with employers' corporate social responsibility profile or family-friendly policies. Voluntary benefits are a good place to offer benefits that can help with the general ...
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Analysis
How to make flexible retirement arrangements
If you read nothing else, read this . . . Organisations that operate flexible retirement arrangements need to be aware of age discrimination laws. Employers may need to amend their pension scheme rules before adopting a flexible retirement policy. Employees will require independent financial advice to ensure they make decisions ...
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Analysis
Health and wellbeing: Sponsor's comment: Health focus is good for all
An effective wellbeing strategy has many benefits for employers, says Chris Jessop, managing director health services (UK and Europe) at Axa PPP HealthcareWriting on the eve of publication of the latest in a long line of government-sponsored sickness absence reviews this time led by Dame Carol Black and former British ...
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Analysis
Tackling addictions in the workplace
If you read nothing else, read this . . . Employers have a duty of care under health and safety legislation to protect the health of their employees. It can be difficult to recognise the signs of drug and alcohol addiction. Benefits that can be used to support staff with ...
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Analysis
Health and wellbeing supplement 2011
Download a PDF of the Employee Benefits/Axa PPP Healthcare health and wellbeing supplement 2011Interview with Dr Paul Litchfield of BTWorking environment: Employees need a comfort zoneTax issues: Easing the burden of a taxing exerciseCancer care: A caring environmentMental health: Mentally preparedAbsence management: Best remedy for sicknessCash plans: Cashing in on ...
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Analysis
Green focus for car salary sacrifice
If you read nothing else, read this . . . UK tax incentives naturally skew salary sacrifice company car schemes towards lower-emitting vehicles. Having an emissions cap on vehicle choice will naturally focus a scheme on greener vehicles. Further incentives for lower-emitting vehicles, or an extra levy on more polluting ...
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Analysis
Crucial choices ahead of pension reforms
If you read nothing else, read this … Employers will have to decide whether they offer new pension scheme joiners the existing level of contributions or the minimum required by the 2012 pension reforms. The reforms have increased the interest in cash balance schemes. Nest is likely to be most ...
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Analysis
Keeping staff in touch with pensions
If you read nothing else, read this …Employers must encourage staff to consider pension planning as they enter the crucial pre-retirement years.Vital messages include how investment choices and contribution levels affect retirement income, especially for those who have moved from DB to DC plans.Employers should use various channels, such as ...
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Analysis
Health screening: New plans for an older issue
If you read nothing else, read this . . . An ageing workforce will be a big issue for employers over the next few years. Screening can identify conditions at an early stage allowing early treatment. Screening for older workers should not be at the expense of that for younger ...
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Analysis
Health screening: A wider view of wellness
If you read nothing else, read this … Many employers now monitor employee wellness regularly rather than waiting for staff to become ill. How frequently health screening is offered, and to whom, depends on what the employer wants to achieve. Screening can identify issues within an organisation’s wellness strategy that ...
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Analysis
Will rebroking group risk save money?
If you read nothing else, read this . . . Rebroking group risk benefits can save employers significant sums, particularly if they have not done so for several years. Savings can be made by removing any overlap in benefits. For example, some income protection providers automatically provide EAPs. Employers should ...
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Analysis
Health screening: Get the vital statistics
If you read nothing else, read this … Health screening can provide valuable information about workforce health. Over time, data can help to show a return on investment from health screening. However, an over-reliance on data can be counter-productive.Proving return on investment in health initiatives can be difficult, and a ...