All articles by Employee Benefits – Page 78
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Supplier article
7 ways HMRC helps businesses attract and retain employees
It might feel like money only flows one way between your business and HMRC. But that’s not always the case. We give you the lowdown on seven tax breaks that will help you attract and retain employees.1 Tax-free childcareOnce the domain of employers, tax-free childcare is now run by the ...
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How to motivate employees to improve retention
We all know how important it is to retain top talent. Poor retention can cost companies thousands through recruitment and training costs. Some companies turn to pay-rises to retain staff, while many companies are looking for alternatives as they’re restricted financially.However, companies shouldn’t rely on pay-rises to boost retention, as ...
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5 reasons why flexible work arrangements is good for business
Employers are legally obliged to consider one flexible working request a year from any employee who has worked for them for more than six months – but they don’t have to accept.Flexible working doesn’t have to mean employees who work less – it means helping your employees find hours that ...
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Switching off from work
Almost a third of workers find it difficult to switch off from work in their personal time, putting them more at risk of becoming stressed or burnt out. Research by the Myers-Brigg Company also found that those who are always on are more likely to experience high stress or mental ...
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Why customer loyalty programmes are important for your business
The idea behind customer retention emphasis is simple: there are only finite number of customers any given business can serve. But returning and loyal customers is what makes it possible for the business to perpetually make sales and stay profitable. If we may borrow Pareto’s principle, 80% of your sales ...
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Healthy sleep and the workplace
More than one in four employees feel exhausted on a daily basis, and 42% of UK workers have lost sleep as a result of workplace stress. Sleep is vital to reducing our risk of health conditions as it’s during sleep that our bodies have time to heal and repair, however, ...
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Why aren’t UK workers taking their full holiday allowance?
According to research by Tombola, 44% of employees in the UK failed to use their full holiday allowance in 2018. The research also found that 23% ended the year with 5 or more days of holiday not used. It was also found that when on holiday, 44% still regularly check ...
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Bad workplace habits to ditch
Everyone has bad habits, which develop over time at work when you get comfortable in your environment. It can sometimes happen without you even realising it. An extra 10 minutes on your lunch break here and there, leaving that little bit early or procrastinating. It happens and alarm bells may ...
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Dorothy’s doughnuts
Dorothy has worked at TerryberryReward for 24 years and is the buyer in our procurement team. Apart from being very good at her job, Dorothy is one of those people that glues the team together. She often brings in her delicious homemade cakes to share with the ...
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Cool employee wellness initiatives
We all want to be happy at work, and our wellness is a big part of that. According to the Global Wellness Institute, the corporate wellness industry is worth over £31 million worldwide. Companies are always looking for new ways to improve employee wellness. It’s no wonder when companies in ...
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Warning signs you may be a bad boss
The path to becoming a well respected boss is a notoriously precarious one. Being able to encourage a healthy work/life balance in employees, making them feel valued, and trying to keep everyone engaged is a tough ask for any manager. So, what are the signs of a bad boss? And, ...
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5 things to consider when choosing an employee benefits platform
Managing employee benefits can be an arduous, time-consuming task. As such, many companies use an employee benefits platform to manage their benefits.When choosing an employee benefits platform, there are a few things you need to consider.What is an employee benefits platform?A typical employee benefits platform will house all your employee ...
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5 signs you are burning out at work
Burnout is a state of chronic stress that leads to physical and emotional exhaustion, cynicism and detachment, and feelings of ineffectiveness and lack of accomplishment. When suffering from it, you are unable to function effectively on a personal or professional level. You feel exhausted, start to hate your job, and ...
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Poll results: Tax rules when withdrawing pension money
Poll results: 91% of employers believe employees don’t understand the tax rules when withdrawing money from their pensionLack of understanding around pension tax could lead to many losing outWEALTH at work recently conducted a poll1 which revealed that 91% of employers believe that employees do not understand the tax rules ...
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5 reason your employees' benefits set up might not be working
If you’re struggling with employee engagement and your employees aren’t taking advantage of the schemes and benefits you offer, there could be a few reasons.We’ll cover a few of those here, but it’s worth considering that every company is different and it’s worth carry out some research into what your ...
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How do you support your employees’ financial wellbeing?
A decade ago, financial wellbeing was a ‘nice to have’ in HR’s repertoire of resources. Then the 2008 financial crash happened, real wage growth declined and UK household debt reached a new average high of £15,385.Today, financial wellbeing is a major part of the HR toolkit as organisations are increasingly ...
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Get ready for the 4 workplace changes that are driving earlier long service award milestones
Newer generations of employees entering the workplace are more likely to change jobs much more frequently. Research reveals that UK University graduates today change companies nearly twice as often as they did 20 years ago. As the cost to replace an employee ranges from 25% to in ...
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How to reduce your salt intake
The Department of Health estimates that if we could reduce our average salt intake from 8g per day to 6g per day, we could prevent more than 8,000 premature deaths from heart attacks and stroke.Salt Awareness Week takes place every year to raise awareness about the importance of reducing our ...
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Financial education is essential in helping employees save enough for retirement
As part of the government’s plans to help individuals save more for retirement, minimum automatic enrolment contribution rates are due to rise from 5% to 8% this April. But is this enough to secure an adequate retirement income and what more can be done to help employees?Jonathan Watts-Lay, Director, WEALTH ...
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Supplier article
How behavioural insights help HR with employee financial wellbeing
Financial wellbeing initiatives give staff more than a better bank balance. Help your employees to gain control of their finances and your organisation will benefit from fresher employees who are enjoying a better lifestyle and less stress.In an earlier article, we discussed the different ways HR can support employees in ...