All Analysis articles – Page 84
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Analysis
How reward professionals should tackle conflicts of interest
If you read nothing else, read this... Bending the rules when it comes to benefits is a highly emotive issue and can result in conflicts of interest for reward professionals. Self-interest in a particular perk is not necessarily a bad thing. Reward professionals must not be tempted to let personal ...
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Analysis
Flexible benefits for a diverse workforce
If you read nothing else, read this... A flex scheme needs to reflect the culture of different groups of staff. An employer must choose the design and communications that best reflect the diversity of the organisation. A flex scheme should include a range of benefits that are attractive to different ...
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Analysis
Pilot schemes are a good way to test benefits
If you read nothing else, read this… Running a pilot benefit scheme is a good way to find out how it will work, timescales and budgets, what communications are needed, and whether it is right for the workforce. Preparations should include details on expected outcomes, as well as the desired ...
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Analysis
Benefits in Singapore
If you read nothing else, read this… The increasing use of flexible benefits by employers in Singapore is effective in attracting and retaining talent. Using the segmentation of flex to target different demographics is increasingly in evidence. Extending international staff share schemes for expatriate workers is generally trouble-free ...
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Analysis
Planning ahead for an ageing workforce
If you read nothing else, read this… Taking a long-term view of the workforce is essential. Reward can play a key role in recruitment, retention and staff development strategies. With people living longer, pensions will have to stretch further, so many people will consider staying in work past ...
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Analysis
Are fit notes reducing staff absences?
If you read nothing else, read this... The fit note is the first major change to sickness absence certification since 1923. It aims to move away from the idea of whether an employee is simply ill or not, to one of capability, detailing what they are fit for. Better communication ...
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Analysis
Does a health risk management strategy pay off?
If you read nothing else, read this...Using health risk management to measure return on investment on health perks is a new idea in the UK.The idea is to invest in health and wellbeing benefits to improve both employees’ health and the cost of benefits provision.Measuring the effects of healthcare benefits, ...
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Analysis
Get ready for pension reforms
If you read nothing else, read this... Employers should consider reviewing their pensions portfolio to ensure they offer the best possible package. For example, is the pension plan run via a salary sacrifice arrangement? Encourage staff to use tax-efficient benefits, such as childcare vouchers and bikes for work. This could ...
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Analysis
Get up to speed on social networking
If you read nothing else, read this... In recent months, the use of social networking sites such as Twitter has reached a new level, breaking news such as the death of Osama Bin Laden and the identity of public figures behind super-injunctions. In the workplace, this means staff have more ...
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Analysis
Recognition has global differences
If you read nothing else, read this…The recognition awards staff prefer to receive varies across the globe.Employers must determine what type of incentives are appropriate for their diverse workforces.Employers should also consider what language to deliver their scheme in.Logistics such as delivery of incentives and import duties should be measured ...
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Analysis
Sipps gain a wider appeal
If you read nothing else, read this... Group self-invested personal pension plans (Sipps) are growing in popularity as employers implement schemes to cover an entire workforce. Most second-generation group Sipps have a two-tier structure, with a limited fund choice for most staff anda self-investment option for senior managers and directors. ...
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Analysis
Beware legal risks for drivers
If you read nothing else, read this… The Corporate Manslaughter Act and Corporate Homicide Act 2007 has not gone away. With cases still workingthrough the system, managers need to be vigilant. Risk assessments, driver training, time-on-the-road protocols and telematics can all be useful tools tomitigate risk and exercise duty of ...
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Analysis
Sharesave improves employee engagement
If you read nothing else, read this… Sharesave schemes make suitable workplace savings options for employees of all ages and salary levels, with a minimum monthly savings requirement of £5. After saving for a fixed period of three, five or seven years, employees can choose to take their savings ...
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Analysis
Supporting staff during a disaster
If you read nothing else, read this... A disaster, such as the Japanese tsunami, can have huge ramifications for affected employers. Organisations must consider how to rehabilitate traumatised employees in the long term. The immediate aftermath is typically not the best time to introduce new benefits for staff. Raising morale ...
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Analysis
Denmark offers pension model
If you read nothing else, read this... Most workplace pensions are defined contribution schemes, which are funded through insurance. Other popular benefits include: private medical insurance, company cars, staff canteens, free newspapers and cut-price computers and mobile phones. Flexible benefits schemes are becoming increasingly common, offered by more than a ...
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Analysis
Virgin Media follows Branson mantra
Case study: Discounts and extra holiday go down well at Virgin MediaDan Ret is head of revenue assurance at Virgin Media, which means he and his 26-strong team ensure customers are billed only for the services and usage they have received. When Virgin Media was formed in 2007, he moved ...
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Analysis
Which benefits should be part of flexible benefits schemes?
If you read nothing else, read this... Some benefits may work better when offered on a core or voluntary basis rather than in a flexible benefits plan. Factors determining how to offer a benefit include: cost, employee demographics, an employer's objectives in offering the benefit, and how often staff will ...
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Analysis
Keeping DC pension members aware of fund investments
If you read nothing else, read this… Employers have no legal obligation to ensure the investments of members in contract-based defined contribution schemes are on target for retirement. But employers should educate staff about the level of contributions required to build a decent fund. Communications should be kept ...
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Analysis
How does the Bribery Act affect employers?
If you read nothing else, read this… Reward can be used to drive cultural change, whether it relates to the Bribery Act, an organisation’s carbon footprint, encouraging a high-performance culture, or reducing risk-taking in financial services. Employers need to ensure that their mission statements and values are backed up by ...
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Analysis
Mergers & Acquisitions: DB pension liabilities
Defined benefit pension liabilities can play a big part in merger talks, says Sarah ColesIn December 2008, a potential merger between Qantas and British Airways collapsed, with BA's £1.7 billion defined benefit (DB) pension liability cited as a major reason. This was perhaps unsurprising, given that BA's pension liabilities were ...