Analysis – Page 2
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AnalysisWhat impact has the pandemic and economic crisis had on pay gaps?
The UK government suspended pay gap reporting in 2019/20 due to the pandemic and delayed enforcement for 2020/21, giving organisations an additional six months to publish their data.Those in insecure work, such as zero hours contracts and temporary employment, suffered greater falls in earnings and hours during the pandemic than ...
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AnalysisHow to implement flexible pension policies
Flexible pension policies can help employees shore up short-term financial wellbeing, while still saving for the future.In difficult periods, the ability to flexibly drop or pause pension contributions could be invaluable.Flexible policies should be combined with effective communication and education to ensure staff understand the impact of their choices.The word ...
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AnalysisWhat role do share schemes play in the current economic climate?
While share schemes may not solve immediate financial worries, they can help boost long-term financial stability.Aligning staff with shareholders can improve motivation and engagement, reducing absence and turnover at a time when talent is at a premium.Proper communication of both the negatives and positives will help ensure staff get the ...
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AnalysisWhat are the benefits of educating employees around pensions investments?
Need to know:There are plenty of benefits to getting employees engaged with their pensions investments, but employers should to be clear about what behaviour they want to encourage.Investments can be made meaningful by using layman's terms to explain the funds, and what they mean for employees.Bringing environmental, social, and corporate ...
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AnalysisHow is the cost-of-living crisis affecting what employees want from their benefits packages?
The cost-of-living crisis has employees demanding pay rises in line with inflation, but many employers are unable to afford this long-term.Benefits that support financial wellbeing and education, including day-to-day budgeting and discounts, can help pay stretch further without raising pay.Employers should focus on practices that are sustainable and work for ...
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AnalysisHow to effectively recognise remote workers
Employers should first identify how employees want to be recognised for their efforts so what they offer resonates with them.Regular communication can be an effective way to support remote workers and adjustments should be made for those who raise concerns.Employers should avoid any risk of proximity bias, whereby they provide ...
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AnalysisHow to design pension communications to engage younger workers
One effective way in which employers can help drive employee engagement with pensions is by ensuring ease of access, so they can engage more easily and more regularly.Different age groups will ultimately respond to information in different ways, so employers should consider using different methods of communication according to employees' ...
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AnalysisBuyer’s guide to financial education
What is financial education?Financial education as a benefit can take many forms. At its simplest, it could simply mean providing online or workplace-based resources which employees can access in order to boost their understanding of their finances. At the higher end, financial education programmes can be holistic, providing multimedia resources, ...
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AnalysisWill automation and AI revolutionise the world of benefits in 2023?
Need to know:The use of artificial intelligence (AI) and automation in employee benefits is growing.This can help employees receive personalised recommendations.Employers can also benefit from greater insight around benefit schemes.Artificial intelligence (AI) and greater automation are infiltrating almost every area of business, and employee benefits is no exception. It is ...
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AnalysisBuyer’s guide to financial education
What is financial education? Financial education as a benefit can take many forms. At its simplest, it could mean providing online or workplace-based resources which employees can access in order to boost their understanding of their finances and the benefits available to them. At the higher end, financial education programmes ...
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AnalysisBuyer’s guide to employee assistance programmes
What are employee assistance programmes?An employee assistance programme (EAP) is, at its core, a helpline, paid for by employers and provided free to staff, which provides confidential advice and assistance around a wide range of subjects that might affect them both at work and in their personal lives.This typically includes ...
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AnalysisHow to engage staff with a total reward offering
To engage employees with a reward package, it needs to be clearly communicated, easy to understand and impactful in order to show its true value.The increasing use of personal devices to access benefits means that digital methods are often more effective.Factoring reward package reviews into formal milestones, such as six-month ...
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AnalysisHow to support employees with long Covid
In July 2022, an employment tribunal ruled that an employee with long Covid was classed as disabled under the Equality Act 2010.Employers may want to ensure that they prioritise the mental health and wellbeing of affected employees and not focus on getting them back to normal as quickly as possible.Regularly ...
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AnalysisTop tips for implementing a work-from-anywhere policy
Asking staff what they are looking for or what is missing in a policy of this kind presents the opportunity to put improvements in place.Employers should account for the possible pitfalls by ensuring there are processes to follow.Some employees may choose to work in a location other than the workplace ...
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AnalysisPensions communications to cut through the noise
Need to know:Employers need tailored, practical messaging to reach employees struggling with pressing financial concerns.A multi-avenue approach will help catch a wider range of employees' attention, but video content and digital strategies are good starting points.In order to cut through the noise, people need to see their pensions as real, ...
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AnalysisWhat is driving presenteeism among remote workers?
The blurred work-life boundaries sometimes caused by checking emails first thing in the morning, having video calls outside of working hours and working extra hours can lead to presenteeism, a loss of employee productivity and absenteeism.Employers may want to ensure proper policies are in place to effectively support their staff, ...
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AnalysisHow much of a priority is employee engagement for employers?
With employers battling issues such as increased stress among the workforce, burnout among managers, resignations, health concerns, and Covid-19's (Coronavirus) impact on staff absence, employee engagement has become more of a challenge for some.Organisations that can link their work either directly or indirectly to broader societal goals that employees care ...
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AnalysisWhy is authentic leadership important in business?
Need to knowEmployees are increasingly demanding that their leaders act with authenticity and integrity as they re-evaluate their priorities post-pandemic.Authenticity demands a number of skills, from empathy to strategy, many of which can be coached and nurtured by businesses.Listening to employees and fostering the right culture are integral to survive ...
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AnalysisTop tips for introducing menstrual leave policies
An inclusive culture that supports menstrual health can help to increase employee satisfaction, ensure they feel valued and help them remain productive and engaged in the workplace.Employers can gauge from their employees whether to expand their existing leave policies to include menstruation rather than creating a separate one.When introducing a ...
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AnalysisMaking the most of employer accreditations
Need to know:Accreditations are proof of the positive work being done by organisations, as well as a long-term commitment to change.The process can be complex, with different challenges depending on the type and the employer, but an accreditation team should be on hand to help.Without a deeper commitment, reaching for ...