Analysis – Page 2
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AnalysisWhat are the key considerations of offering anytime flexible benefits enrolment?
Need to know:Flexible benefits schemes have been moving towards anytime enrolment windows over the past few years to give employees more flexibility in accessing their benefits.Certain benefits, such as private medical insurance and group risk benefits, must have fixed annual enrolment periods due to arrangements with insurance providers.Anytime enrolment offers ...
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Analysis
Infographic: How benefits strategy will change to adapt to future challenges
An infographic outlining how respondents see their benefits strategy changing to adapt to future challenges within the industry. (Source: Employee Benefits/Staffcare Benefits research 2017, May 2017)!function(e,t,s,i){var n="InfogramEmbeds",o=e.getElementsByTagName("script"),d=o[0],r=/^http:/.test(e.location)?"http:":"https:";if(/^\/{2}/.test(i)&&(i=r+i),window[n]&&window[n].initialized)window[n].process&&window[n].process();else if(!e.getElementById(s)){var a=e.createElement("script");a.async=1,a.id=s,a.src=i,d.parentNode.insertBefore(a,d)}}(document,0,"infogram-async","//e.infogram.com/js/dist/embed-loader-min.js");Read moreWhat are the key considerations of offering anytime flexible benefits enrolment?Anytime enrolment offers Kantar employees more flexibility
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AnalysisHow to ensure a flexible benefits scheme is truly flexible
Need to know:Online platforms and portals allow employees to access their benefits offering wherever they like for easy access.Any-time enrolment allows employees to adjust their benefits selection to keep pace with lifestyle changes.Trading benefits up or down ensures employees’ selections can be tailored to reflect their individual circumstances.Today’s always-on consumerist ...
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AnalysisHow are benefits strategies expanding to support employees’ lives outside of the workplace?
Need to know:Issues affecting employees’ lives outside of work can have an impact on their wellbeing and performance in the workplace.Benefits can support staff with everyday concerns through to major life events.A continuous communication strategy will help remind employees that these benefits are available to them at the different times ...
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Analysis
8-11: Benefits on offer
Salary sacrifice arrangementsMore than three-quarters (78%) of respondents offer benefits to all staff via a salary sacrifice arrangement, according to the Employee Benefits/Xerox HR Services Benefits research 2016, which surveyed a total of 338 respondents in May 2016. This is six percentage points lower than the 84% of respondents that ...
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AnalysisInfographic: The challenges employers hope their flex schemes will overcome
An infographic looking at the challenges that employers hope their flexible benefits schemes have, or will, overcome (Source: Aon's Employee benefits and trends survey, November 2015).Read more in What is shaping employers' flexible benefits strategies?
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AnalysisWhat is shaping employers’ flexible benefits strategies?
Need to know:Flexible benefits schemes must evolve to meet the changing needs of employers and employees.More data has become available, which can help employers to shape a flexible benefits strategy.Employers can draw on employee feedback and past behaviours to ensure the strategy is of value to their workforce.The information that ...
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AnalysisHow to create a benefits strategy for an 'ageless' workforce
Need to know:Workplaces are becoming increasingly multi-generational.But this does not necessarily mean employee benefits should also become increasingly segmented and generation-specific.The answer is likely to lie more in segmentation and targeting of benefits communications than employee benefits themselves.Many workplaces are becoming ever more age-diverse as the working population ages, and ...
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AnalysisBuyer’s guide to flexible benefits technology
What is flexible benefits technology?This is a technology system, operating in-house or from cloud-based servers, that provides a platform to deliver a flexible benefits scheme. Increasingly, systems are designed to interface with other elements of benefits and reward, including pensions, and often have interactive and data-modelling tools that can be ...
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AnalysisWhat is driving employers' flexible benefits strategies?
Need to know:Any flexible benefit scheme should factor in both employee and employer needs.Technology and administration requirements also need to be considered.Businesses should also think about the frequency of enrolment windows.Find out why flexibility is vital for the modern workforce at Employee Benefits Live 2016 on 11 October at Olympia ...
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AnalysisHow to cut the cost of flex without cutting corners
If you read nothing else, read this… It can be tricky for employers to find the balance between overspending on flex and not offering suitable benefits. Employers can utilise technology to enhance their flexible benefits. Flexible benefits reviews can help organisations ensure their benefits package remains competitive.Cost is often cited ...
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AnalysisHow to keep flexible benefits fresh and relevant for staff
If you read nothing else, read this…A good flex scheme is a core of foundation benefits which may include a pension, healthcare and childcare perks.Benefits such as bring-your-own-device-to-work schemes can help to engage staff in a flex scheme. Employers should analyse flexible benefits take-up data to identify participation profiles and ...
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AnalysisHow to minimise the costs of implementing flex
If you read nothing else, read this…Employers should ensure their technology providers have project management capabilities.Core benefits should not necessarily be disregarded.Flex pots should be communicated in pounds and pence rather than as a percentage of salary, which may vary.But there are a number of ways in which organisations new ...
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Analysis
Five key criteria to ask a flexible benefits provider
If you read nothing else, read this…Employers should ascertain whether a provider works alone or is supported by a third party to deliver the scheme.The provision of eight to 10 employee benefits is advisable in the first year of a scheme.Workplace benefits days can help employees to understand the perks ...
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