All Analysis articles – Page 9
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AnalysisHow can benefits support new fathers in the workplace?
Employers may want to think about how they can use flexible working to support employees following the birth of a child.One way in which employers can support new fathers is through encouraging open discussion in the workplace to help recognise the challenges that come with being a working parent.Bringing paternity ...
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AnalysisBenefits strategies in the Republic of Ireland
Need to know:Some of the core differences between the UK and Ireland centre around salary sacrifice arrangements, share schemes, pensions, and health insurance.Diversity and inclusion is particularly important to employees in Ireland, with awareness growing around issues concerning women, the LGBTQ community, and ethical practices.With a thriving employment market and ...
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AnalysisHow to engage lower-paid staff with pensions during the cost-of-living crisis
Need to know:Illustrating the future pension payback to staff can incentivise saving and lessen the sense of giving up money today.Employees should be fully informed of the risks of reducing pension contributions through simple projections and calculations that show the impact on their long-term financial security.Face-to-face and email communication channels ...
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AnalysisWhy has menopause support shot up the health and wellbeing agenda?
The Covid-19 pandemic changed what employees expect from their employer, with many now looking for increased support in all aspects of their lives, particularly their health and wellbeing.Prioritising workplace support will not only have health benefits for staff, but will also help to improve productivity, retain valuable talent, and reduce ...
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AnalysisHow can employers position the workplace as a first port of call for savings vehicles?
Need to know:The cost-of-living crisis has underlined the need to improve people’s level of savings.Workplace schemes such as the individual saving account (Isa), lifetime Isas and sharesave already exist, with trials underway for ‘sidecar savings’.But employers have to up their game when it comes to communicating with employees.According to research ...
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AnalysisHow is the current state of play in the NHS impacting the group risk market?
Need to know:Non-core benefits, such as virtual GP services and employee assistance programmes, can help employees access healthcare.Interest in health insurance products, such as private medical insurance and health cash plans, has increased.More cancer claims may materialise as a result of difficulties accessing NHS services.Pressure on the NHS during the ...
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AnalysisTop tips for implementing a work-from-anywhere policy
Asking staff what they are looking for or what is missing in a policy of this kind presents the opportunity to put improvements in place.Employers should account for the possible pitfalls by ensuring there are processes to follow.Some employees may choose to work in a location other than the workplace ...
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AnalysisHow to create a targeted financial wellbeing strategy
Need to know:Many employers already have great financial wellbeing tools in place, they just need to be promoted more effectively.Any benefits introduced to support financial wellbeing should be underpinned with education.Employers should plan to measure the effectiveness of any financial wellbeing support and be prepared to amend this if situations ...
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AnalysisHow to use total reward to create a unified culture
Need to know:Focusing on culture creates a natural connection with total reward that is authentic, compelling, and connects back to the employer brand.Encouraging discussion between remote and international teams about total reward drives connectivity, and unity and enhances the employee experience.Current talent shortages, coupled with soaring inflation and a higher ...
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AnalysisAre pay rises the best staff retention tool?
Credit: GoldenShark2 / Shutterstock.comAn employer’s compensation policy needs to be fair, equitable and as transparent as possible.Regular pay increases can be useful because if these are timely and properly aligned with career opportunity and growth, they can help employees feel engaged and motivated.Employees look to prospective employers for clarity and ...
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AnalysisPensions communications to cut through the noise
Need to know:Employers need tailored, practical messaging to reach employees struggling with pressing financial concerns.A multi-avenue approach will help catch a wider range of employees' attention, but video content and digital strategies are good starting points.In order to cut through the noise, people need to see their pensions as real, ...
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AnalysisHow can employers support staff who need an abortion?
Need to know….Pregnancy loss policies must be flexible, especially around paid leave, as employees’ experiences will vary significantly.Widening support to partners makes the benefit more inclusive by recognising they may also be experiencing loss.Support for employees needing an abortion can often be delivered through existing benefits supplemented with a pregnancy ...
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AnalysisWhat is driving presenteeism among remote workers?
The blurred work-life boundaries sometimes caused by checking emails first thing in the morning, having video calls outside of working hours and working extra hours can lead to presenteeism, a loss of employee productivity and absenteeism.Employers may want to ensure proper policies are in place to effectively support their staff, ...
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AnalysisHow can employers communicate the pros and cons of annuities to staff?
Need to know:Although employers have no legal communication duties around annuities, they are often best placed to provide the most relevant information for their workforces.Employers must avoid being risk averse and fail to give guidance. This is not regulated advice.Pensions technology, along with advice from financial advisers, are valuable ...
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AnalysisHow much of a priority is employee engagement for employers?
With employers battling issues such as increased stress among the workforce, burnout among managers, resignations, health concerns, and Covid-19's (Coronavirus) impact on staff absence, employee engagement has become more of a challenge for some.Organisations that can link their work either directly or indirectly to broader societal goals that employees care ...
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AnalysisWhy is authentic leadership important in business?
Need to knowEmployees are increasingly demanding that their leaders act with authenticity and integrity as they re-evaluate their priorities post-pandemic.Authenticity demands a number of skills, from empathy to strategy, many of which can be coached and nurtured by businesses.Listening to employees and fostering the right culture are integral to survive ...
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AnalysisHow employee share schemes can be used to attract and retain talent
Need to knowFinancial gain aligned to the success and growth of an organisation supports medium- and long-term motivation and retention.Employers should keep communications clear, but simple. Employees will need to understand the personal monetary value of a share scheme before making the decision to sign up.Share schemes should be part ...
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AnalysisTop tips for introducing menstrual leave policies
An inclusive culture that supports menstrual health can help to increase employee satisfaction, ensure they feel valued and help them remain productive and engaged in the workplace.Employers can gauge from their employees whether to expand their existing leave policies to include menstruation rather than creating a separate one.When introducing a ...
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AnalysisHow can employers compensate for the government’s lack of support for working carers?
Need to know:Implementing a working carers’ policy that details all the support relevant to employees with caring responsibilities can encourage staff to speak openly about their needs.Flexibility is essential, with options including paid and unpaid leave, flexible and part-time hours, sabbaticals and even allowing carers to take their annual leave ...
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AnalysisAre car schemes still a valued employee benefit?
Need to know:Company car take-up has fallen in recent years as overall tax levels have risen.Electric cars benefit from lower rates and are now the focus for many employers.These are increasingly being offered via salary sacrifice rather than on a company-paid basis.For many years, the traditional company car scheme was ...