All Analysis articles – Page 91
-
Analysis
Health and Wellbeing Supplement 2010
Sponsor’s comment: Focus on workforce health will bring significant cost savingsInterview with Professor Sayeed Khan, the EEF’s chief medical adviserStrategy must be well planned and adaptableEmployers must tackle mental health issuesInternational employee assistance programmesEngaging sick employees with return to work objectiveAgeing workforce puts pressure on health perksWeird and wonderful wellbeing ...
-
Analysis
Employee Benefits/Friends Provident Adviser Research 2010
How employers use benefits consultants and corporate advisersAs many as 59% of our respondents use benefits consultants/advisers for some aspect of managing benefits or pensions. Of these, three-quarters use multiple advisers or consultants.As you would expect, larger employers use more advisers/consultants: 27% of those with more than 5,000 staff have ...
-
Analysis
Occupational health nurses have vital role
If you read nothing else, read this …An occupational health nurse plays a strategic role in supporting and influencing a healthcare strategy.The nurse will identify health risks, provide advice, carry out health surveillance and screening and help with absence management.The nurse can be directly employed, supplied by an outsourcing provider, ...
-
Analysis
Employers must meet the needs of the millennial generation
If you read nothing else, read this...Employers must invest in reward for the millennial generation to exploit their technology-driven talents.Employers must find out what young people expect of the labour market.Social networking forums can be an effective way of providing financial advice for young employees.Initially, employers might want to offer ...
-
Analysis
Health and wellbeing: Employers must tackle mental health issues
If you read nothing else, read this …Mental health problems are estimated to cost employers £26 billion a year in sickness absence, reduced productivity and turnover.Mental health problems can range from the moderate - stress, anxiety and depression - to the more severe - schizophrenia, bipolar disorder and post-traumatic stress ...
-
Analysis
Using salary sacrifice to make pension contributions
If you read nothing else, read this...Before implementing a salary sacrifice pensions arrangement ensure it is viable for the business.Employee contracts need to be changed to show the change of salary, but minimum wage laws must be adhered to.Get HM Revenue and Custom approval and make sure employees understand all ...
-
Analysis
Molton Brown gives employees the perks they want
Molton Brown likes to pamper its staff, so its benefits are aimed at giving employees what they appreciate most, says Debbie LovewellMany employees think themselves lucky if they receive a card from their team mates on special occasions. But at cosmetics and beauty company Molton Brown, significant events in employees’ ...
-
Analysis
Health and wellbeing: Weird and wonderful wellbeing perks can boost engagement
If you read nothing else, read this . . .Employers are increasingly interested in offering creative and quirky health and wellbeing benefits to support their staff.Supporting the health and wellbeing of employees can improve motivation and engagement levels, in turn, leading to improved productivity.Creative benefits not only support employees' physical ...
-
Analysis
Top benefits professionals reveal secrets of success
Eleven of the country’s leading benefits professionals reflect on their career highlights and share their thoughts on what it takes to achieve award-winning success in the reward industryThe status of benefits professionals within organisations has never been greater. No longer part of what was once seen as a “soft and ...
-
Analysis
Health and wellbeing: International employee assistance programmes
If you read nothing else, read this …Employee assistance programmes (EAPs) are now available in over 150 countries.Employers should first consider whether they want to offer an EAP centrally or localise it to each global worksite.Challenges to consider in implementing an international EAP are cultural barriers, cost, language, and the ...
-
Analysis
Training courses aid employee development
If you read nothing else, read this...Work-related training can be paid for via salary sacrifice and is exempt from tax and national insurance contributions for the employee, as long as it is directly linked to work.Non-work-related training can be offered to staff through a learning account or a voluntary benefits ...
-
Analysis
Health and wellbeing: Ageing workforce puts pressure on health perks
If you read nothing else, read this . . .44% of people aged 65 and over intend to continue working until they are at least 70, while 21% say they will never retire.Under age discrimination legislation, employers must provide all employees with the same benefits.The cost of many benefits increases ...
-
Analysis
Health and wellbeing: Interview with Professor Sayeed Khan, chief medical adviser at the EEF
There are compelling business and legal reasons for employers to prioritise employee health, the EEF’s chief medical adviser, Professor Sayeed Khan, tells Tynan BartonAs chief medical adviser of manufacturers’ organisation the EEF, Professor Sayeed Khan travels the country working with organisations of all sizes, from huge multinationals to small and ...
-
Analysis
Health and wellbeing: Strategy must be well planned and adaptable
If you read nothing else, read this …Think about the organisation’s values, because wellbeing encompasses a number of areas, including physical, mental, emotional, family, career and financial health.Assess the workforce, looking at factors such as age and lifestyle, as well as management information from benefits such as any employee assistance ...
-
Analysis
Maternity cover under international private medical insurance
If you read nothing else, read thisMost international private medical insurance (PMI) plans include maternity cover.Typical offerings in maternity cover include scans, pre-natal and immediate post-natal check-ups, and childbirth.Maternity cover is offered in low-, middle- or high-level packages that cover from £5,000 to £10,000 of the standard costs.Having a baby ...
-
Analysis
How will VAT rise affect company cars?
If you read nothing else, read this...Accept leasing, purchase, servicing, maintenance, fuel and insurance costs - whether reclaimable or not - will rise as value-added tax (VAT) is going up.Employers should audit their fleet funding and acquisition model now so they do not get caught out in January.Do not necessarily ...
-
Analysis
The impact of welfare reform on rehabilitation services
If you read nothing else, read this…So far, the impact of welfare reform on employers has been limited.Employers have access to government occupational health helplines to supplement fit notes.Group income protection schemes offer free rehabilitation and early intervention services.Employers should try to notify insurers as early as possible when employees ...
-
Analysis
Job evaluations lead to fairer reward
If you read nothing else, read this…Organisations that establish a pay grading structure based on job evaluations could reduce the total cost of their pay bill by between 3% and 10%.Job evaluations could help employers address equal pay in the workplace.Employers that link job evaluations with reward can ensure that ...
-
Analysis
Ethical investment of pension funds
If you read nothing else, read this...Ethical investment funds enable staff to invest pension contributions in companies that have ethical practices.More employers are offering an ethical pension fund option.A fund can actively seek to invest in organisations considered to be ethical, or screen out those considered to be involved in ...
-
Analysis
Update on the retail distribution review
If you read nothing else, read this…The ban on commission on group personal pensions set out in the Retail Distribution Review may lead to greatly increased charges on members’ pension pots in the early years.Charges on an average GPP of £200 a month could rise from £5 to about £360 ...