Analysis – Page 5
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AnalysisHow is ESG changing the future of employee benefits?
Need to know:Environmental, social and governance (ESG) issues are influencing employee benefit design through the emergence of new benefits and the repositioning of existing ones to highlight their ESG-related characteristics.The use of online apps that provide insight into how pension funds are invested help provide feedback to employers on what ...
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AnalysisHow will the future of work affect the wellbeing and engagement of employees?
Employers will need to ensure they are focusing on wellbeing and redefining the employee experience so that workers can thrive.The pandemic has shown that working models can change overnight, making it essential that employers tailor their wellbeing initiatives to their employees’ evolving needs.Organisation-wide corporate social responsibility (CSR) initiatives can offer ...
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AnalysisHow can employers ensure reward and benefits enhance the employee experience?
Need to know:More flexible working hours, agile/home working and better support for mental health are the top employee expectations.Organisations should consider more flexible options including part-time hours term-time work, career breaks and four day working weeks to support their talent management strategy.Reward and benefits can be used to demonstrate an ...
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AnalysisHow to refresh a reward strategy to align with business goals
Need to know:Employers need to ensure that their reward strategy not only helps to attact, recruit and engage employees, but also reflects the values and goals of the business.Analysing data sets within the organisation can present gaps in benefits provision.Surveys, focus groups and job and exit interviews are useful methods ...
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AnalysisWhat support can employers offer for staff going through gender transition?
Employers can help by constructing a manageable timeline of changes they may want to implement, such as changing names or pronouns at work.Employers may want to look at how a transitioning employee would like their transition to be communicated to other staff.Ultimately by having effective and meaningful wellbeing support in ...
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AnalysisTop tips for introducing or updating health-related leave policies
If an employer wishes to introduce or update a leave policy, it should carefully consider the most appropriate form of communication to ensure that the latest terms are known and shared with the workforce.Some discretion should be retained, not only for circumstances that might not have been considered or defined, ...
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AnalysisHow will the 'Great Resignation' change employees' attitudes to employee benefits?
Need to know:The 'Great Resignation' is underway, forcing employers to work even harder to attract and retain staff.Pay is one way but employee benefits and reward packages are another major focus.Flexible working, mental health and social value are all in demand but some are questioning the use of more ‘gimmicky’ ...
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AnalysisHow have reward strategies changed in 2021 and what might the new year bring?
Ultimately in 2021, reward professionals had to keep on the pulse of what employees wanted and needed more than ever.Employers can offer discount schemes and salary sacrifice schemes to those looking to keep costs low and boost their financial wellbeing, as well as providing support for those wanting to bolster ...
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AnalysisHow can employers improve their health and wellbeing offering to expatriate staff?
Need to know:Expat health and wellbeing benefits include initiatives such as maternity and chronic conditions cover, as well as more traditional medical treatment.More digital health and wellbeing services have evolved as a result of the pandemic and these are likely to remain a key part of support.Health awareness has ...
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AnalysisHow can employers address presenteeism and leavism in the workplace?
Need to know:Presenteeism and leavism are common: 84% of employers observed presenteeism during 2020 while 70% saw instances of leavism.Blurred boundaries between home and work coupled with concerns about financial security exacerbated issues around presenteeism and leavism.Good corporate culture, strong leadership and a focus on health and wellbeing can help ...
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AnalysisHow can employers support the work-life balance of staff on their return to the workplace?
Employers have to demonstrate that they are listening, learning, and that the wellbeing of staff remains a number one priority.There is a need to focus on the positives of returning, such as increased productivity, less loneliness and improved communication.A more dispersed workforce also requires better technology to easily access, understand ...
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AnalysisHow do staff travel schemes vary around the world?
The low benefit-in-kind of just 1%, which will be capped at no more than 2% until 2025, means zero-emissions cars on a salary sacrifice scheme can be a truly affordable way of driving.Most employers have restricted travel into the office and discouraged people from travelling on public transport, but there ...
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AnalysisHow can employers support staff who are neurodivergent?
Need to know:Neurodiversity awareness workshops can encourage employees to disclose their conditions and are a good way to start changing workplace culture.Clear, unambiguous communications are important for neurodivergent employees but also benefit the wider workforce.Technology such as noise-cancelling headphones and dictation software can help but employers must also rethink work ...
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AnalysisTop tips for introducing fertility and pregnancy-loss support
Line managers should have additional training to help someone in their team who might be experiencing a fertility challenge or a pregnancy loss.Offering paid leave for fertility treatment and pregnancy loss is a good start, but employers should also make sure their policies include flexible working, support groups and counselling.Whatever ...
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AnalysisHow has the pandemic changed the shape of Christmas incentives and rewards?
Need to know:Employers are taking a more personalised and imaginative approach to gifts this Christmas. Think pamper days, bespoke hampers and personalised gift cards.This year, many employers will be using the budget they would have spent on Christmas parties on rewards and gifts.Many are also offering blended rewards, combining high ...
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AnalysisCan volunteering days and CSR initiatives have a positive impact on employee wellbeing?
Need to know:Employers have recognised they need to be responding to the enhanced sense of community engagement that has come out of the pandemic, and so interest in implementing volunteering policies and supporting volunteering has been increasing.The mass shift to home working last year, however, meant many conventional face-to-face or ...
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AnalysisHow has the hybrid working trend impacted benefit and reward strategies?
Need to know:The future of work is likely to be made up of a mix of office and home working.This is having an impact on what benefits employers offer.How employers communicate with staff will also need to change in a hybrid model.The potential for most employees to work from home ...
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AnalysisHow can Covid-19 benefits survive and thrive in the long term?
Need to know:Benefits have evolved during the pandemic, with the initial care packages morphing into more structured benefits propositions. But what will we keep and what will fade away?For the employers that can offer it, flexible working is here to stay. The genie’s out the bottle and employers should realise ...
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AnalysisHow can total reward packages motivate employees post furlough?
Need to know:One way to motivate employees after being on furlough is for employers to simply ask them what they need or want and to tailor the rewards package to this.There is an understanding that communication around rewards packages needs to be clear, and this needs to be underpinned by ...
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AnalysisHow can flexible working hours address employee burnout?
Need to know:Communication is of high importance to find out what has and has not worked for employees in terms of flexible working.It is imperative to set clear expectations and principles of flexible working so that employees understand where the flexibility lies.It is just as important to provide training and ...