Analysis – Page 8
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AnalysisHow to maximise savings from tax-efficient employee benefits
If you read nothing else, read this…Salary sacrifice arrangements can increase employee engagement with benefits.Employers can use NI savings from salary sacrifice arrangements to help fund pensions auto-enrolment, introduce new benefits, or cover the cost of benefits technology.It is important to communicate the value of tax-efficient benefits to employees.These savings ...
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AnalysisCreating an employee value proposition to win the war for talent
If you read nothing else, read this…An EVP comprises the benefits and rewards that employers offer employees in addition to, and often as part of, their employment contract.An employer’s brand is key in attracting, retaining and motivating talent .Benefits should be engaging and relevant for staff.A number of recent surveys ...
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AnalysisHow to devise a summer motivation programme for staff
The summer season is a great time to promote activities and incentives to help boost employee engagement.Employers looking to build a seasonal programme should first consider how all reward and benefits schemes work together in the organisation to achieve an overall purpose, for example staff motivation.Paul Bartlett, divisional director for ...
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AnalysisFamily-friendly benefits for the school summer holidays
If you read nothing else, read this…Childcare vouchers are a popular family-friendly benefit that employers offer staff.Flexible working and discount vouchers can be equally valuable.Employers should ensure they do not discriminate against staff without children.But employers can offer considerable support to help them cope, and at relatively little cost.Childcare vouchers ...
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AnalysisWhat makes an organisation a family-friendly employer?
If you read nothing else, read this…Retail or leisure discounts help put money back into families’ pockets.Healthcare benefits, such as private medical insurance and health cash plans, may allow staff to extend cover to family members.Changes to the childcare vouchers scheme and shared parental leave, both coming into force in ...
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AnalysisHow to motivate lower-paid staff in high-pay cultures
If you read nothing else, read this…Lower-paid staff need to see that high pay is earned.This relies on employers having transparent pay policies.Recognition programmes can help to keep lower-paid staff motivated.The row was fuelled by a job advertisement for a lead kitchen porter at Arsenal’s Emirates Stadium, placed by Arsenal ...
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AnalysisHow to identify motivation cold spots
If you read nothing else, read this…Organisational change can create unrest in a workforce.Line managers can play an important role in identifying any engagement and motivation issues.Recognition schemes with clear objectives can help to re-engage and re-motivate staff.Management changes, office relocations and restructuring exercises have been common occurrences during the ...
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AnalysisHow to run a global recognition scheme
If you read nothing else, read this…Recognition schemes can help to reinforce corporate values.Pre-paid voucher cards are an easy gift to offer globally.But employee recognition ceremonies can have a longer-lasting impact on a business.For example, an employer may send a thank-you card to an employee who upholds the organisation’s aim ...
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AnalysisHow to devise a Christmas incentives strategy
If you read nothing else, read this…Employers are becoming more comfortable about investing in Christmas incentive programmes.Many organisations have had to delay their plans because of unfinished workloads from the first half of the year.Retail vouchers, particularly for supermarkets, remain the most popular Christmas incentive.Reasons include a lack of resources, ...
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AnalysisWhere does employee recognition fit into a development review?
If you read nothing else, read this…Employers can use peer reviews to help with the performance development review (PDR) process.New technologies offer an opportunity for employers to ask employees about their peers.A recognition scheme can be easily integrated into a PDR.PDRs can also be linked to motivation and recognition programmes. ...
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AnalysisMotivation schemes can build long-term engagement
IF YOU READ NOTHING ELSE, READ THIS…Motivation schemes can boost productivity and employee engagement.Non-monetary schemes are better at promoting sustainable long-term motivation among employees.Monetary schemes still have a place in motivation, but their scope is limited.Employers can take advantage of social media to create engagement and motivate their employees.Employees that ...
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AnalysisWhich incentives motivate staff to work harder?
IF YOU READ NOTHING ELSE, READ THIS…Being made to feel part of a team can motivate employees to go that extra mile for their business.Budget constraints are no excuse for failing to support employees in their job. A department-based strategy can be equally successful.Creating flexible job roles, where possible, can ...
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Analysis
Travel incentives inspire staff
IF YOU READ NOTHING ELSE, READ THIS…Travel incentives can help to engage and motivate employees.There are incentives to fit motivation budgets of any size.Rewards can range from cinema tickets to round-the-world trips for two.Exotic holidays occupy many an employee’s daydreams during the dreary winter months, but for some employers they ...
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AnalysisNew look for long-service awards
IF YOU READ NOTHING ELSE, READ THIS…The cost to employers of providing long-service awards will increase as employees work longer.Recognition for one or two years’ service is increasing as the UK workforce becomes more transient.The value of long-service awards increases with employees’ length of service.Gold watches, carriage clocks and lunch ...
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AnalysisSocial media plays growing role in recognition schemes
IF YOU READ NOTHING ELSE, READ THIS …Employers are increasingly using social media as an internal communications tool.Popular sites include online billboards, such as Chatter, Jive and Yammer.The low-cost, instantaneous nature of social media-based recognition programmes makes them attractive tools for employers to use, particularly during the economic downturnRecognising and ...
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AnalysisMotivation schemes on a limited budget
IF YOU READ NOTHING ELSE, READ THIS…A well-planned employee motivation programme can be cheaper and more effective than a small pay rise or bonus.A motivation programme can help to drive employee behaviour to support a revised business strategy.Publicising employee awards increases recognition among the workforce.It is not always easy to ...
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AnalysisWorkforce segmentation helps target motivation benefits
IF YOU READ NOTHING ELSE, READ THIS …Avoid trying to shoehorn benefits to fit employee segments.Do not assume that people of the same demographic segment will want the same things.Employers should be creative in the way they communicate key messages about benefits to staffSupermarket giants know every aspect of their ...
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Analysis
How to use Christmas incentives to engage staff
If you read nothing else, read this… Christmas is not a fun time for everyone. It can be a stressful period for employees who have health or money worries. Employers must be sensitive to employees’ individual circumstances around Christmas time, particularly those who have suffered some form of loss during ...
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Analysis
Who is the right target market for pre-paid cards?
If you read nothing else, read this…Older employees welcome discounts to make savings on the cost of everyday living, including supermarket shopping and fuel.Younger employees are more likely to use discounts to buy big-ticket and memorable items.Cashback features on pre-paid cards can make them more appealing to a larger proportion ...
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Analysis
Dairy Crest focuses on total reward
Case study: Flexible working appreciatedSteven Phillips has been supporting applications team leader in Dairy Crest’s business systems department since February 2010. He has been with the company since August 2000, and worked previously as a business analyst.In his current role, Phillips has responsibility for the operational management of a wide ...