Analysis – Page 9
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Analysis
Engaging and motivating staff in tough times
If you read nothing else, read this …Receiving employee benefits continues to be a contributor to employee satisfaction and engagement.Employers need to consider what impact the recession had on the way employees work, and are therefore rewarded and motivated.Ensuring employees are engaged is essential to succeed in the battle ...
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Analysis
Valentine's Day can help to launch quirky incentive schemes
If you read nothing else, read this... A new year can be an excellent time to launch an incentive scheme and making it coincide with an event such as Valentine's Day can help capture employees' interest. Experience days and reward vouchers offer staff a tailor-made treat.Quirky incentives need not cost ...
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Analysis
Olympics can kick-start new benefits
If you read nothing else, read this:Employers can motivate and engage employees by aligning benefits and reward strategies with London 2012.They can implement a business plan that allows staff to take holiday or work flexibly.Putting in an office TV or allowing staff to stream events live on their computers is ...
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Analysis
Long-service awards still have value
If you read nothing else, read this…Long-service awards are considered one of the most important forms of recognition because they reward staff for loyalty to the business.Awards may be offered after three, six or 12 months at organisations that recognise staff may not be in a role for long and ...
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Analysis
Rewarding staff when inflation is high
If you read nothing else, read this…The lag between pay rises and inflation in the UK could have serious consequences for employers that want to remain competitive and reward performance.Employers should be clear about how reward aligns with business strategy.Financial education services and employee assistance programmes (EAPs) can help employers ...
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Analysis
When employers should use social media
If you read nothing else, read this…Social media can help employees understand the value of benefits.Establishing a social media strategy is vital to engage staff appropriately.Social media should not be used as a platform to address individual or personal queries.Before embarking on a strategy, employers must ensure they are committed ...
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Analysis
How can an employer stand out from the crowd?
If you read nothing else, read this … An employee value proposition (EVP) is a statement that outlines what an organisation is, what it does, and why it stands out from the competition. An EVP can be advantageous in attracting new talent to an organisation, and engaging and motivating existing ...
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Analysis
How to motivate executives
If you read nothing else, read this … Like other staff, if executives believe they are not valued by the organisation, they will leave, so it is important for employers to get the level of reward right. Employers need to ensure their executives are motivated to go above and beyond ...
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Analysis
Reward and incentive ideas for Christmas
If you read nothing else, read this … Employers are becoming more creative with Christmas incentives. Incentives and gifts offered as part of a festive motivation scheme must appeal to all staff and take account of different beliefs and religions. There is often a clear correlation between incentives and performance, ...
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Analysis
Employees want to participate in volunteering schemes
If you read nothing else, read this . . . Volunteering days are becoming an important part of employers' corporate social responsibility (CSR) programmes. Employers should set goals for the organisation before embarking on a volunteering programme. A broker can help employers find the most worthy cause and best cultural ...
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Analysis
Different reward for a new generation
If you read nothing else, read this …Changing demographics and technological advances have increased the potential and demand for flexible working practices.Against the backdrop of an uncertain economic environment and unaffordable house prices, pay is becoming more important to graduate recruits.Coaching and development opportunities are highly valued by generation Y.Case ...
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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
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
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
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
Thought leaders: Academic insights: Show staff trust and they will respond
Key points The amount of choice employees can exercise at work has declined in the past 25 years. Commitment and motivation is a two-way street between employers and their workforce. Discretion and trust are key components for creating enjoyable jobs and motivating staff.†A little more autonomy can boost employee motivation, ...
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Analysis
Green benefits rise in popularity
If you read nothing else, read this... Environmental benefits fit into two categories: stand-alone benefits and an alignment with the CSR profile. Green benefits include bikes-for-work schemes, low-emission company cars, telecommuting and online benefits communication. Other strategies include community volunteering, carbon offsetting and ethical pension investment.†Case study: Marriott staff create ...
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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’ ...
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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 ...