Analysis – Page 5
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AnalysisWhat are the challenges in engaging a diverse workforce?
Need to know:Efforts to increase diversity within the workforce are important, but inclusion and engagement are the rest of the puzzle.Using data can help employers target engagement efforts to a diverse set of employees, but short of this, organisations should simply aim to be flexible and accommodating.Employees will thrive in ...
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AnalysisDigital stressors: Supporting wellbeing in a switched-on world
Need to know:Technology facilitates a more flexible work culture but, if not managed properly, an always-on environment can lead to physical and mental health issues.Drastic techniques, such as blanket bans and even legislation, have grown in popularity, but senior managers have a key role to play in setting everyday expectations.Technology ...
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AnalysisHow to create a savings culture in the workplace
Need to know:Offering money management tools, and even numeracy workshops, can help employees get out of debt and build up to saving.Financial wellbeing strategies should address all employee needs, from everyday costs to long-term investments, as well as being part of a holistic approach to wellness.Without a strong foundation of ...
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AnalysisTop tips on using workplace interventions to boost pensions engagement
Need to know: Workplace interventions can make pensions engaging, interesting and even fun for employees who might not have thought about them previously.Combining group and one-to-one sessions, as well as open dialogue with the audience, can ensure a wide range of employees are catered for.Marketing techniques, such as attention-grabbing events, ...
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AnalysisHow should financial wellbeing approaches change during an employee’s journey?
Need to know:A multi-generational workforce will have myriad financial challenges, including home ownership, childcare and retirement savings, so it is important that employers address these issues within a flexible approach to financial wellbeing.Financial goals and life stages may not be clearly delineated by age, and employers should avoid assumptions.Life events, ...
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AnalysisTop tips on preparing for potential new pay gap reporting regulations
Need to know:Employers should review the personal data they currently store, to identify whether it will facilitate pay gap reporting.To improve disclosure rates, communications campaigns can help explain to staff what the organisation will be doing with the information and why.Completing a voluntary pay gap report on areas such as ...
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AnalysisHow predictive analytics can influence employee engagement
Need to know: Most employers are already harvesting ample data to engage in some form of predictive analytics, from sources such as engagement surveys and benefits take-up statistics.Regression analysis can help track potential exit drivers and problem areas for engagement, while predictive models can map how initiatives will affect factors ...
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AnalysisJohn Lewis Partnership uses data analysis to shape proactive wellbeing strategy
Retail organisation John Lewis Partnership houses 84,500 UK-based employees in a wide range of roles across the John Lewis and Partners, and Waitrose and Partners brands, from the shop floor to head office, and from factory to farm. To address wellbeing across this diverse workforce, the organisation ...
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AnalysisHow are ESG factors impacting pension engagement strategies?
Need to know:Awareness of environmental, social and corporate governance (ESG) factors in pensions investment is increasing as regulatory requirements push it up the agenda.Employers can align the ESG considerations in their pensions investment strategy with their own corporate and social responsibility (CSR) policies.More employee education is needed to ensure they ...
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AnalysisHow can employers use total reward to align staff with business goals?
Need to know: Providing employees with shares, or aligning financial reward with business performance, can give staff a vested interested in organisational goals.Aligning recognition with the employer's values and objectives can influence employee engagement and behaviours, but should be carefully considered so as to avoid damaging objectives.Using effective communications and ...
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AnalysisHow to roll out healthcare and wellbeing benefits globally
Need to know:Employers looking to roll out healthcare and wellbeing benefits globally need to use culturally appropriate language to effectively engage employees across different locations.Creating a global framework that allows for local tailoring is effective for supporting geographically dispersed staff while adhering to an overall vision.Buy-in from local HR teams, ...
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AnalysisWearables in the workplace: Benefits technology in numbers
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AnalysisTop tips on using wearable technology effectively within benefits and reward
Need to know:To be effective, employers need to define what purpose they want to achieve by using wearable technology; this will help identify what data will be most useful to collect.A clear and transparent communications approach is vital to mitigate employee fears around data privacy and boost engagement.Information from wearable ...
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AnalysisHow to ensure employees engage with a new benefits technology platform
Need to know:Maximum choice should be offered to employees for how they interact with their benefits, but employers also need to consider what specific features will best suit their workforces.If the aim of implementing benefits technology is to fit with an increasingly digital world, communications about a new platform should ...
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AnalysisThe impact of digital healthcare on health and wellbeing strategies
Need to know:Before investing in a digital healthcare solution, employers must consider their end goal, as well as the demands of the end-user.Organisations should build a strategy to ensure that digital interventions make a real difference to those employees that need it, rather than providing the newest trends.Virtual health can ...
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AnalysisHow organisations can link motivation and recognition with employer brand
Need to know: Recognition strategies can help organisations avoid presenting a brand and set of values that do not resonate with the realities of the employee experience.Employers should take a creative, tailored approach to the perks on offer, as well as consider how the structure of the recognition programme itself ...
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AnalysisWhat employees want: How to get the most value from a benefits offering
Need to know:Surveys, exit interviews and benefits usage data are all constructive ways of finding out what staff appreciate, but employers should be aware that some valuable benefits might still fall by the wayside.Eliciting feedback and suggestions from employees who have actively used less widely understood products, such as group ...
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AnalysisHow can organisations align their wellbeing strategies with inclusion?
Need to know: Making sure wellbeing works for everyone can help lower absence rates, reduce turnover and decrease stress.Some elements, such as the work-life balance benefits of flexible working, are universal, but employers could also consider segmenting their wellbeing interventions.Support networks, leadership buy-in and management training can all help facilitate ...
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AnalysisHow can benefits packages be tailored to meet the needs of both large and small organisations?
Need to know:Large employers are likely to have more resources, time and expertise to dedicate to building impressive reward packages, but smaller organisations can lead in innovation and communication.Smaller employers are arguably able to gather and respond to feedback in a more effective manner, and can therefore make quicker progress ...
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AnalysisAddressing increases to auto-enrolment contributions to maximise financial wellbeing
Need to know:As auto-enrolment minimum contributions increase in April 2019, some employees may opt out of their pension in order to address present financial concerns.A communications approach that puts the changes into monetary values, and considers finance holistically, can bolster employee understanding.Using a salary sacrifice pension arrangement can mitigate rising ...