All Flexible benefits articles – Page 13
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ArticleMicrosoft and Nationwide shortlisted for best flexible benefits
JP Morgan, Microsoft and Nationwide Building Society (pictured) have been shortlisted for the Best flexible benefits plan award at the Employee Benefits Awards 2016.This award celebrates the most effective use of a flexible benefits plan within an organisation.The full category shortlist is:Callcredit Information Group, Benefits for people like you (Entered ...
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Analysis
8-11: Benefits on offer
Salary sacrifice arrangementsMore than three-quarters (78%) of respondents offer benefits to all staff via a salary sacrifice arrangement, according to the Employee Benefits/Xerox HR Services Benefits research 2016, which surveyed a total of 338 respondents in May 2016. This is six percentage points lower than the 84% of respondents that ...
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AnalysisInfographic: The challenges employers hope their flex schemes will overcome
An infographic looking at the challenges that employers hope their flexible benefits schemes have, or will, overcome (Source: Aon's Employee benefits and trends survey, November 2015).Read more in What is shaping employers' flexible benefits strategies?
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Case StudiesRWE NPower’s flex strategy uses data to help scheme evolve
Energy firm RWE NPower soft-launched its flexible benefits scheme in November 2013 as part of its work on its employee proposition.The organisation was aware that it needed to increase engagement among existing employees and give a more compelling proposition to attract new talent into the business. Reward was part of ...
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Case StudiesHoliday Extras built flexible benefits scheme on employee input
The strategy behind Holiday Extras’ flexible benefits scheme has largely been driven by employee input and feedback.Prior to launching its flex platform, My Extras, in 2012, the travel firm asked employees what they wanted from a platform and which benefits they would like to see. Anouk Agussol, head of people, ...
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AnalysisWhat is shaping employers’ flexible benefits strategies?
Need to know:Flexible benefits schemes must evolve to meet the changing needs of employers and employees.More data has become available, which can help employers to shape a flexible benefits strategy.Employers can draw on employee feedback and past behaviours to ensure the strategy is of value to their workforce.The information that ...
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ArticleFox Agency achieves 90% take-up rate for workplace fitness scheme
Fox Agency has achieved a 90% take-up rate for its employee health initiative, which provides free personal training sessions to staff.The marketing organisation introduced the wellbeing scheme 18 months ago for its 16 staff members and any current freelancers in order to help staff improve their fitness levels.The initiative includes ...
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AnalysisHow to create a benefits strategy for an 'ageless' workforce
Need to know:Workplaces are becoming increasingly multi-generational.But this does not necessarily mean employee benefits should also become increasingly segmented and generation-specific.The answer is likely to lie more in segmentation and targeting of benefits communications than employee benefits themselves.Many workplaces are becoming ever more age-diverse as the working population ages, and ...
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Supplier article
Is your organisation really ‘family friendly’?
Easter is a time of year when many working parents are taking annual leave from their employment.Many are of course doing so as a lifestyle choice to spend quality time with the family. Yet it would be a mistake to assume that this is the case for all parents.The reality ...
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AnalysisBuyer’s guide to flexible benefits technology
What is flexible benefits technology?This is a technology system, operating in-house or from cloud-based servers, that provides a platform to deliver a flexible benefits scheme. Increasingly, systems are designed to interface with other elements of benefits and reward, including pensions, and often have interactive and data-modelling tools that can be ...
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Supplier article
Which is better? Tax-free childcare or childcare vouchers?
Last month we again highlighted why the cost of childcare is such a key concern for working parents, and why this in turn poses a major problem for UK employers. That post can be read here.So we hope that most employers would accept that enabling their employees to access state ...
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Video
What to consider as a part of a flexible benefits package
The five-minute video above covers:What are the main drivers behind the growth in flexible benefits?What are the most appealing flexible benefits for employees?What are the benefits of including health and wellbeing offerings as part of a flexible benefits scheme?How can providers help employers to make the most of their flexible ...
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Supplier article
Love your employees
It’s February, the month of love, so we are urging you to love your employees.Good to great employerLoving your employees doesn’t just mean giving them a pay cheque. It means showing them that they are valued members of your team. Good employers provide recognition and reward strategies at work, as ...
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Supplier article
Xerox HR Services relaunches online benefits portal as Life Connect
Xerox HR Services has announced that its online benefits portal will now be known as ‘Life Connect’ (previously Compass), in order to align its platforms globally and offer an aligned proposition to its clients.John Deacon, head of Corporate Solutions, Xerox HR Services comments: “This change allows us to provide consistency ...
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ArticleEXCLUSIVE: 99% of Bibby Financial Services employees engage with flexible benefits
EXCLUSIVE: Bibby Financial Services has achieved a 99% employee engagement rate with its flexible benefits programme.Just seven of the organisation's 763 employees did not make any changes to their flexible benefits package during its most recent window, which ran from 17 November until 6 December 2015.To achieve this level of ...
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Article
41 Simplyhealth industry insight - Flexible benefits – the answer to greater employee engagement
Flexible benefits have certainly taken off in the last few years. With the cost of technology falling and more employers implementing a platform to support their pension auto-enrolment requirements, demand for flex keeps growing.Independent research commissioned by Simplyhealth in July 2015 showed that 51% of corporates surveyed revealed that they ...
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ArticleTop 10 most read stories this week
The top 10 most read stories on www.employeebenefits.co.uk from 10-17 December 2015 What is driving employers’ flexible benefits strategies?EDF Energy consults on opening defined benefit pension scheme to new membersCouncil employees receive two-year pay rise offerGovernment confirms secondary annuity market will not extend to workplace pensionsCapita to acquire Work Group’s ...
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Case StudiesPepsiCo relaunches flexible benefits to meet employee requirements
When food and drinks manufacturer PepsiCo looked to relaunch its flexible benefits scheme in 2015, it was keen to introduce a new benefit and so undertook a series of questionnaires and focus groups with employees.Kajal Mistry, total rewards officer, says: “It had been two years since a new benefit had ...
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AnalysisWhat is driving employers' flexible benefits strategies?
Need to know:Any flexible benefit scheme should factor in both employee and employer needs.Technology and administration requirements also need to be considered.Businesses should also think about the frequency of enrolment windows.Find out why flexibility is vital for the modern workforce at Employee Benefits Live 2016 on 11 October at Olympia ...
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OpinionDr Hugh Cook: The outcomes and complexities of flexible benefits schemes
Theoretically, the motivation for employers to offer flexible benefits schemes stems from their need to attract employees and reduce labour turnover. Both are key measures of labour market performance, which ought to be improved by offering benefits that are attractive to a wider range of workers. Given the increasing demographic ...