Analysis
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AnalysisHow far can a reward and benefits strategy truly impact recruitment and retention?
Employers should identify issues affecting existing and potential employees when creating their reward and benefits strategies. Tailoring benefits to meet employees’ needs can attract talent and maintain retention levels. An organisation should regularly communicate its benefits to current and potential employees if it wants to promote ...
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AnalysisAre we moving away from paternalism in employee benefits?
Credit: tomertu/ShutterstockNeed to know:Benefits strategies have evolved because of influences including employee expectation, cost and the pandemic.Flexible benefits, voluntary benefits, and allowances or pots offer the potential for greater personalisation.A robust communications programme delivering frequent messaging in different formats helps employees know what is available, increasing the value of the ...
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AnalysisHow to design a flexible benefits scheme for today’s workforce
Employers should communicate with employees to understand what they need from a flexible benefits package.Benefits that are offered as part of a flex scheme need to add value.As employees’ needs can change throughout the year, more frequent benefits enrolment windows can provide greater flexibility and choice.Following the impact of recent ...
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AnalysisBuyer’s guide to corporate gym membership
What are corporate gym memberships?Employers can offer a corporate gym membership on an employee-paid or discounted basis, with many gyms offering membership deals to organisations. Through membership, staff can access a gym, health club, leisure or sports centre, or exercise classes as part of a voluntary or flexible benefits package.What ...
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AnalysisBuyer’s guide to retail and discount voucher schemes
What are retail and discount voucher schemes?Employee discount voucher schemes come in various forms, all of which aim to provide staff with savings on a range of purchases, from everyday shops to big-ticket items and the latest technology. There are three main types of scheme, which might fall under different ...
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AnalysisHow can employers tailor benefits to suit ‘unretired’ employees?
Need to know:As increasing numbers of 'unretired' employees return to work, flexibility is an important factor in order to remove potential barriers from day one.Financial wellbeing may be a concern for many re-entering the workforce, while employers should consider the specific health issues facing older people.Having a tailorable benefits package ...
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AnalysisThe changing face of flexible benefits
Need to know:Technology is key to offering a flexible benefits scheme that confers greater autonomy on employees to select, change, and manage their benefits.Cash pots are becoming an important element of the flex offering due to their personalisation power, as employees increasingly expect a tailored approach.With benefits budgets under pressure, ...
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AnalysisHow can employers promote the value of their online benefits schemes?
Need to know:There should be seamless integration between discounts schemes and online benefits platforms such that additional usernames and passwords are not required.Employers should make sure that the benefits, HR and internal communications teams are on the same page by ensuring all stakeholders know how to direct employees to the ...
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AnalysisCould an economic pick-up lead to a new benefits approach that retains and engages staff?
Need to know:The UK economy is growing strongly, causing concern about staff retention.Benefits around company culture, flexible working, health and choice are likely to be in demand.There are some quick wins that could help make an immediate impact.News that the UK economy grew by a stronger-than-expected 2.1% in March, coupled ...
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AnalysisHow can employers make flexible benefits schemes relevant post-pandemic?
Need to know:As workforces become more agile and diverse, easy access and the ability to personalise benefits is increasingly important.An increase in remote working has highlighted the need for a digital approach to benefits and the right technology to support a flex benefits platform.Employee feedback on benefits can be measured ...
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AnalysisWhat key reward and benefits issues are on employers’ radars for 2021?
Need to know: Employers should not overlook the importance of a reward and benefits strategy in the midst of making major workforce changes, such as redundancies. Employers should use the changing face of the workplace to remove any expensive or legacy benefits that are no longer relevant. Organisations should avoid ...
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AnalysisShould employers offer staff increased pay flexibility?
Need to know:Employers are catering to increasingly diverse workforces, many of whom want autonomy over their benefits and remuneration.Flexible benefits packages facilitate those employees who want to focus on their finances, while also providing a range of perks to appeal to many demographics.Flexibility when it comes to working hours and ...
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AnalysisHow to motivate employees with effective gamification strategies
Need to know:Gamification is more than just badges and leaderboards; it in fact helps to systematise, unify and measure long-standing motivation techniques.Effective gamification involves in-depth strategy, careful testing, and judicious application.To truly make the most of a codified system of goals and achievements, employers should embrace the advantages technology can ...
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AnalysisHow can employers cater to multi-generational workforces in their reward packages?
Need to know:Having a multi-generational workforce means catering to employees at every stage of adult life, but doing so can provide important dividends.Disability and care responsibilities are among the core issues for an ageing workforce and those in the 'squeezed middle', but resorting to stereotypes should generally be avoided.Wide-ranging packages ...
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AnalysisWhat to include in an expatriate motivation and recognition scheme
Need to know:Employers should be clear about why they are sending employees on assignments and what they need to achieve to keep them motivated.A cultural awareness programme for employees and their families is crucial, as is understanding local approaches to motivation and reward.Employers need to keep expat employees engaged so ...
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AnalysisIn numbers: The challenges of flexible benefits in a modern workplace
!function(e,t,n,s){var i="InfogramEmbeds",o=e.getElementsByTagName(t)[0],d=/^http:/.test(e.location)?"http:":"https:";if(/^\/{2}/.test(s)&&(s=d+s),window[i]&&window[i].initialized)window[i].process&&window[i].process();else if(!e.getElementById(n)){var a=e.createElement(t);a.async=1,a.id=n,a.src=s,o.parentNode.insertBefore(a,o)}}(document,"script","infogram-async","https://e.infogram.com/js/dist/embed-loader-min.js");Read more...What do flexible benefit schemes look like in the modern workplace?PageGroup incentivises employees to find out more about their flexible benefits packageProfessor Dan Cable: A flexible benefits package is essential in the modern workplace
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AnalysisWhat do flexible benefit schemes look like in the modern workplace?
Need to know:Flexible benefit schemes are becoming more popular as employees come to expect more individuality, and employers focus on retaining them.Advancements in technology allow for more variety in terms of both the communication of benefits, and employees' means of accessing them.Organisations can offer a wide range of benefits, but ...
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AnalysisFinding ways to engage employees in the modern age
Need to know:Employees are becoming less likely to see their employer as a trusted source of information, which can impact meaningful engagement.Regular meetings, using technology to the employer's advantage, can be integral in maintaining a collaborative culture, even with the growing number of home-workers.Taking the time to analyse an organisation's ...
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AnalysisHow technology is shaping the future of employee reward
Need to know:The delivery of benefits is becoming more mobile-optimised, with new technologies such as machine learning, artificial intelligence (AI) and blockchain waiting in the wings.Data and data analytics is playing an increasingly important part in the personalisation of reward.Communication, security and transparency remain key, especially amid concern and publicity ...
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AnalysisCan flexible benefits technology improve employees’ engagement with their benefits?
Need to know:Technology is helping organisations to engage employees with flexible benefits.Easier access, more effective communication and better reporting means employees are more likely to engage with schemes.The use of mobile devices has helped to encourage staff to access systems while at home or on the move.Any employer investing significant ...