Analysis – Page 11
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Analysis
Pilot schemes are a good way to test benefits
If you read nothing else, read this… Running a pilot benefit scheme is a good way to find out how it will work, timescales and budgets, what communications are needed, and whether it is right for the workforce. Preparations should include details on expected outcomes, as well as the desired ...
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Analysis
Thought leaders: Academic insights: Technology helps achieve more with less
Communication, aided by technology, can help employers get full value from their benefits offering, says Angela WrightIt is going to be a challenging year for reward specialists faced with reduced budgets for pay and benefits at a time of rising inflation. But is there evidence that we can do more ...
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Analysis
Technology leads new approach to share scheme communication
If you read nothing else, read this... Many organisations use technology to offer efficient enrolment processes and targeted communication of a scheme. Social networking sites such as Facebook and Twitter are also used. Share plan providers have to get to grips with changes to taxation, such as the new 50% ...
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Analysis
Thought leaders 2010: The year ahead: SBC Systems insight: Brave new world still beckons for benefits
Benefits management has been lagging behind in adopting the latest technology, but there are moves to bring it up to speed, says James Markham, managing director of SBC SystemsGlobal climate change is the headline topic of today, and technology will no doubt help to find a solution. In the area ...
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Analysis
Choosing a flexible benefits platform
Employers should not be seduced by flashy graphics when choosing a flex platform, but they must ensure it performs the functions they want efficiently, says Jenny Keefe.A flexible benefits website with sleek looks is easy to fall in love with. But employers need to do a little homework before rushing ...
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Analysis
Reward for graduates in the recession
Graduates may not be in such strong demand during the recession, but the right perks will help attract the best candidates, says Tom WashingtonBeing a student at a time when unemployment is rife may sound like an enviable position to be in - at least for those who have a ...
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Analysis
Benefits for SMEs
Smaller employers may have certain advantages when it comes to introducing benefits, says Katrina McKeeverFour years ago, a small PR firm was set up and attempted to attract key talent from the top agencies. But as it could not compete with the benefits offered by bigger PR companies, it adopted ...
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Analysis
Safeguarding personal employee data must be a priority
Safeguarding personal data about employees must be a priority for employers and their benefits providers, says Amanda WilkinsonData security is an issue that is never far from the headlines and has major ramifications for benefits professionals.Employers, as custodians of employee data that includes bank details, salary and bonus information, email ...
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Analysis
Human capital management can add value to an organisation
Good human capital management can add real value to an organisation, explains Nicola SullivanThis recession has brought an almost unprecedented interest in the link between an organisation’s financial performance and the way its employees are rewarded and managed. As failed financial institutions have found enough money in the pot for ...
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Analysis
The evolution of benefits technology
Advances in technology have revolutionised the delivery of benefits in recent years and the evolution process is continuing, says Victoria Furness.The past decade has seen a huge leap in the evolution of technology. Devices that would have seemed fanciful 10 years ago, such as iPods, digital cameras and increasingly sophisticated ...
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Analysis
Optimising the value of benefits
In tough times, optimising the value of benefits will boost staff appreciation and engagement, but does not have to cost the earth, says Debbie LovewellAs the recession takes a stronger grip across the UK, cash-strapped consumers fearful for their jobs are on the hunt for whatever bargains they can find. ...
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Analysis
Employers should check cost-effectiveness of benefit advisers' commission
Benefits advisers can be remunerated in various ways, so employers should check the cost-effectiveness of how they pay for their services, says Sam BarrettThe advice and support required to implement a well-designed benefits package that fits an organisation’s business strategy, meets the needs of its employees and offers value for ...
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Analysis
Targeted communications can boost benefits take-up
Segmenting employees can help employers target communications in order to boost benefits take up, says Clare BettelleyEmployees are rarely the same. What appeals to one is unlikely to have the same pull for another. Similarly, the way that staff engage with the benefits package offered by their organisation, and respond ...
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Analysis
Outsourcing payroll continues to appeal
The demands of IT and legal issues can make payroll outsourcing attractive, says Kirstie RedfordFor many businesses, the payroll function is essentially seen as an overhead which provides little hard financial return. To combat this, many firms are now choosing to outsource the task. In fact, just over a third ...
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Analysis
Outsourcing pensions vs. in-house administration
Vicki Taylor asks if it’s more cost effective for an organisation to outsource its pensions administration to an external provider than to run a scheme in-houseIf you read nothing else, read this …Opinions are split as to whether it is more cost effective for employers to outsource pensions administration or ...
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Analysis
Multi-Employer benefits schemes
Multi-employer benefits plans can help to shelter staff from wide discrepancies on perks, says Alison ColemanCase study: Shepherd ConstructionArticle in fullOffering benefits to staff can be a costly and time-consuming process, which many employers choose not to pursue beyond their legal obligations. Industry-wide or multi-employer schemes provide these organisations with ...
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Analysis
Effective HR strategy requires dialogue with finance
Human Resources' interplay with finance chiefs needs delicate execution and it pays to understand each others' priorities, says Debbie LovewellCase studies: Oracle, The Rank GroupArticle in full“It's good to have money and the things that money can buy, but it's good too to check up once in a while and ...
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Analysis
Shift workers place health alongside pay
When determining how to reward shift workers, studies show that health concerns are just as valid as pay issues, says Laverne HadawayCase study: NestleArticle in fullFor industries that operate around the clock, such as food manufacturing, shift work is simply an inevitable part of day-to-day life. Neil Millan, head of ...
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Analysis
Selecting providers for salary sacrifice schemes
While salary sacrifice attains de rigueur status, how employers select their providers can be a fine science, says Vicki TaylorWith salary sacrifice schemes catching on like wildfire and the number of potential suppliers swelling in response, many employers are now organising a beauty parade of providers, either in-house or through ...
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Analysis
Regular pension admin systems reviews necessary
Sonia Speedy asks how often a pension administration system review should take place.If you read nothing else, read this …The need to review systems can be triggered by several factors including lack of supplier support, the need for a major upgrade and changes in pension scheme design.Opinions differ on how ...