Analysis – Page 2
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AnalysisHow to introduce an employee recognition scheme
Initially, employers should identify what they want a recognition scheme to achieve.Employers can offer employees public verbal recognition, awards, bonuses, vouchers, stipends and spending accounts.Understanding employees’ preferences and needs, as well as the demographics of a workforce, can help with scheme engagement.Gallup’s September 2023 Empowering workplace culture through recognition study, ...
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AnalysisAre employers truly optimising their diversity, equity and inclusion initiatives?
Need to know:Economic constraints, complexities and fears of a potential backlash have driven some organisations to put diversity, equity and inclusion (DE&I) on the back burner.Line managers have a key role in an organisation’s DE&I strategy but training and role redesign could increase their effectiveness.Benefits are a visible way to ...
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AnalysisHow to structure a total reward strategy
An employer's total reward strategy should be a combination of all the reward, benefits and development components that it offers to staff.Collecting employee feedback is key to structuring a total reward strategy and offering benefits that appeal to an entire workforce.There are multiple ways to communicate a strategy, such as ...
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AnalysisPodcast: Kindness in the workplace
In this episode of the Employee Benefits podcast, in association with Lifestyle Business, Nick Dempsey, revenue director at Lifestyle Business, discusses the concept of kindness in the workplace.During the discussion with Employee Benefits' editor Debbie Lovewell-Tuck, Nick addresses the following questions:How would you define the concept of kindness in the ...
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AnalysisHow to support employees with neurodiverse conditions
Some neurodiverse conditions can be considered a disability under the Equality Act 2010, so employers have a legal duty to make reasonable adjustments.Employers can put tools in place to holistically support neurodiverse employees’ mental wellbeing.Biases in performance evaluations or promotion should be removed as they are not conducive to a ...
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AnalysisDo total reward statements still engage employees with their benefits packages?
Credit: Julia Sudnitskaya / Shuuterstock.comA total reward statement provides an overview of an employment package and its value.Offering choice regarding how a total reward statement is delivered to an employee is key to ensuring effective engagement.A personalised benefits package can help to engage employees with their benefits because it is ...
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AnalysisHow to structure a sustainable reward strategy
J.M. Image Factory/shutterstock_1864249615Need to know:Employee benefits can play an important role in helping organisations meet their sustainability goals, as well as helping to attract and retain staff.Travel-related benefits, pensions and carbon-offsetting schemes can all help employees make a difference to their carbon footprint, and that of their employer.It is vital ...
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AnalysisHow are rising costs influencing employers' benefits strategies?
Credit: Eviart / Shutterstock.comNeed to know:Despite the tough economic climate, evidence suggests that employers are not slashing their benefits budgets. Instead, they are making the most of what they already have, and thinking outside the box about inexpensive benefits that they could offer.Employers can make benefits feel personal and relevant ...
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AnalysisHow employee feedback can inform a benefits strategy
Need to know:When gathering feedback, striking a balance between anonymity and usefulness of the data is key, as is being transparent with how this balance is achieved with employees.Whichever feedback method is used, questions must reflect the workforce, based on all segments of the demographic, but also on their working ...
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AnalysisHow can employers support employees with dementia?
Employers are legally required to make reasonable workplace adjustments where possible for employees impacted by dementia to the point that it satisfies the disability definition.Openly discussing dementia will enable employees to feel more able to disclose diagnoses or issues without fear of repercussions.Employers should offer training for managers and staff ...
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AnalysisWhat do employees value most at Christmas?
Traditional festive gifts such as hampers and vouchers are still valued by employees, as long as choice and personalisation is also offered.More sustainable and socially conscious gifting options have emerged following increased focus on climate change.Due to the cost-of-living crisis, employees may value financial support to help them prepare for ...
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AnalysisHow to address a toxic workplace culture
Need to know:Toxic workplace cultures exist in many UK oganisations, with leaders and managers often to blame.Creating a culture where employees can raise concerns is essential to overcoming such environments.Organisations need to think about how they react where examples of toxic behaviour do occur.Allegations of toxicity and harassment at the ...
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AnalysisHow a reward strategy can create a culture of success
A fit-for-purpose reward strategy is vital in creating a happy and rewarded workforce that drives productivity and success.Employers should create a reward strategy that allows employees with different lifestyles and needs to work in a way that enables them to thrive.Aligning a reward strategy with organisational objectives can contribute to ...
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AnalysisBenefits for graduates
Research has shown that graduates value a good work-life balance and development opportunities when entering the workforce.The Covid-19 pandemic and cost-of-living crisis have meant that graduates are also looking for wellbeing and financial benefits.Being aware of available support and inclusive benefits can be attractive even if graduates are unlikely to ...
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AnalysisHow much do employees value CSR initiatives?
Need to know:Corporate social responsibility (CSR) initiatives and volunteering can be highly valued by employees and used as an engagement and retention tool.Employers should consult staff to understand what causes matter most to them.Start with low-level commitments before extending these, and seek employee feedback on schemes.In recent years, organisations have ...
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AnalysisWhat can benefits technology tell an employer about its workforce?
Need to know:Enriching benefits data with information from other sources can help employers create personalised benefit offerings.Low take-up rates do not always indicate a benefit is not popular: it may need an awareness or education campaign to boost engagement.Data enables organisations to take a more agile approach to benefits, adjusting ...
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AnalysisHow can employers support staff that also have full-time caring responsibilities?
The Carer’s Leave Act will provide employees caring for a dependent with a long-term care need with one week of flexible unpaid leave a year.Flexibility around job positions, hours and locations, as well as promoting this in job adverts, is crucial to help recruitment and retention.Employee assistance programmes, financial assistance ...
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AnalysisHow to ensure a health and wellbeing strategy is inclusive
Inclusive wellbeing programmes should not just be tick-box exercises and employers should not assume that one-size-fits-all.Employees need to be able to access benefits and information wherever they are based in order for a strategy to be inclusive.Employers must bear in mind employees with specific accessibility requirements when displaying benefits information.With ...
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AnalysisWhat does it mean to be an employer of choice in today’s labour market?
The Covid-19 pandemic and cost-of-living crisis have changed which benefits employees value the most and what employers offer.Organisations that balance their own needs with those of their employees are likely to succeed in attracting and retaining talent as an employer of choice.With the right approach, employers can build a supportive ...
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AnalysisWhat role does ChatGPT have to play in benefits communication?
Need to know:Artifical intelligence (AI) systems like ChatGPT can automate and streamline processes, freeing up HR and leadership time for more nuanced and creative tasks.Benefits communications can be personalised, and their delivery optimised for each individual employee, to have a the best possible impact.Employers must be careful with sensitive data, ...