All Flexible benefits articles – Page 9
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Case StudiesMundipharma updates group risk benefits to increase employee choice and flexibility
Pharmaceutical organisation Mundipharma updated its group risk benefits in April 2016, in order to afford its 1,000 employees more flexibility around their coverage while mitigating increasing costs.Mundipharma provides two group risk benefits: group life insurance and group income protection. Both schemes were redesigned when the organisation introduced flexible benefits in ...
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Supplier articleHow to help employees save on commuting with your employee benefits
Helping employees save on their commuting cost will not only boost morale and employee satisfaction but make your organisation a more attractive proposition for potential recruits. After all, if you can help them save on their commute their pay cheque will go further. It’s a win-win for everyone!So, how do ...
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Case StudiesThe benefits offered by Equifax
The benefits offered by Equifax:Pension and group riskDefined contribution, salary sacrifice pension scheme for all employees. From April 2019, those contributing 3% into their pension direct from salary will receive a 5% contribution from Equifax; if employees contribute 4%, Equifax will contribute 6% and if they contribute 5%, it will ...
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Case StudiesAspen Insurance uses online financial education to prepare staff for new financial benefits
Global organisation Aspen Insurance launched an online financial education programme for its 700 UK employees in May 2018, to help equip staff to make relevant financial decisions prior to the implementation of new financial flexible benefits in June 2018.The programme, provided by Nudge, allows employees access to a personalised online ...
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ArticleFour in 10 UK employees want a flexible reward package
More than four in 10 (43%) UK workers want a flexible reward package and the ability to control their benefits, according to research carried out by payroll and HR service provider SD Worx.The survey of employees in the UK, Austria, Belgium, France and the Netherlands, sampling 500 workers in each ...
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ArticleEXCLUSIVE: Mundipharma offers choice and convenience with new flexible benefits strategy
Employee Benefits Live 2018: Pharmaceutical organisation Mundipharma’s overhauled flexible benefits package offers wider choice to employees.In a session entitled ‘Building a flexible benefits strategy for the future’, which took place as part of the benefits strategy stream at Employee Benefits Live on Tuesday 2 October, Amy Goodwin, head of reward ...
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OpinionProfessor Alex Bryson: All-employee share plans increase loyalty and productivity
Across Britain, around half of all listed organisations run some kind of all-employee stock purchase plan (ESPP), offering workers the opportunity to buy shares in the firm at discounted rates.In How does shared capitalism affect economic performance in the UK?, Bryson and Freeman, 2010, we found plan members behave differently ...
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ArticlePWC, Motor Neurone Disease Association and Deloitte to speak at Employee Benefits Live
PWC, the Motor Neurone Disease Association and Deloitte are among the organisations that will address attendees at Employee Benefits Live 2018 on Tuesday 2 and Wednesday 3 October.During the course of the two-day event, delegates will hear experts discuss a wide variety of topics impacting the reward, benefits and compensation ...
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AnalysisHow to motivate employees with effective gamification strategies
Need to know:Gamification is more than just badges and leaderboards; it in fact helps to systematise, unify and measure long-standing motivation techniques.Effective gamification involves in-depth strategy, careful testing, and judicious application.To truly make the most of a codified system of goals and achievements, employers should embrace the advantages technology can ...
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Case StudiesThe benefits offered by Weetabix Food Company
The benefits offered by Weetabix Food Company:Pension and group riskDefined contribution group personal pension plan, available for all employees alongside pre-existing defined benefit scheme, which closed in 2013.Healthcare and wellbeingPrivate medical insurance, employer-funded for all employees. Available for employees' family members as a flexible benefit.Dental insurance, employer-funded for all employees ...
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OpinionAntonia Bello: Embracing benefits technology improves employee engagement
Benefits technology has developed in leaps and bounds in recent years, and what was once a yearly paper-pushing exercise is now an exciting chance to engage with employees more frequently.At Aspen, we have been careful to craft a benefits package that is not only suitable for the business and our ...
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AnalysisHow can employers cater to multi-generational workforces in their reward packages?
Need to know:Having a multi-generational workforce means catering to employees at every stage of adult life, but doing so can provide important dividends.Disability and care responsibilities are among the core issues for an ageing workforce and those in the 'squeezed middle', but resorting to stereotypes should generally be avoided.Wide-ranging packages ...
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OpinionDavid Enser: Flexibility is key to expat motivation and recognition schemes
Expatriate motivation and recognition schemes should not be rigid, but should instead offer flexibility within a controlled framework. Managers must have a toolkit of buttons to push to ensure engagement and motivation on the one hand, while also being able to respond to the unique needs of both the individual ...
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AnalysisWhat to include in an expatriate motivation and recognition scheme
Need to know:Employers should be clear about why they are sending employees on assignments and what they need to achieve to keep them motivated.A cultural awareness programme for employees and their families is crucial, as is understanding local approaches to motivation and reward.Employers need to keep expat employees engaged so ...
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AnalysisIn numbers: The challenges of flexible benefits in a modern workplace
!function(e,t,n,s){var i="InfogramEmbeds",o=e.getElementsByTagName(t)[0],d=/^http:/.test(e.location)?"http:":"https:";if(/^\/{2}/.test(s)&&(s=d+s),window[i]&&window[i].initialized)window[i].process&&window[i].process();else if(!e.getElementById(n)){var a=e.createElement(t);a.async=1,a.id=n,a.src=s,o.parentNode.insertBefore(a,o)}}(document,"script","infogram-async","https://e.infogram.com/js/dist/embed-loader-min.js");Read more...What do flexible benefit schemes look like in the modern workplace?PageGroup incentivises employees to find out more about their flexible benefits packageProfessor Dan Cable: A flexible benefits package is essential in the modern workplace
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AnalysisWhat do flexible benefit schemes look like in the modern workplace?
Need to know:Flexible benefit schemes are becoming more popular as employees come to expect more individuality, and employers focus on retaining them.Advancements in technology allow for more variety in terms of both the communication of benefits, and employees' means of accessing them.Organisations can offer a wide range of benefits, but ...
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Case StudiesPageGroup incentivises employees to find out more about their flexible benefits package
Recruitment organisation PageGroup has found a fun way of promoting its flexible benefits offering to all 1,500 of its employees, across 25 UK locations.The organisation decided that just inviting staff to a presentation to find out more about the flexible benefits package was not tempting enough, so it entered every ...
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OpinionProfessor Dan Cable: A flexible benefits package is essential in the modern workplace
If you want your employees to be at their best, it makes sense for them to have a say on their reward package. As a result, I believe flexible benefits are fundamental.Importantly, flexible packages are a way for employers to show that they care about their employees by offering a ...
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AnalysisFinding ways to engage employees in the modern age
Need to know:Employees are becoming less likely to see their employer as a trusted source of information, which can impact meaningful engagement.Regular meetings, using technology to the employer's advantage, can be integral in maintaining a collaborative culture, even with the growing number of home-workers.Taking the time to analyse an organisation's ...
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AnalysisHow technology is shaping the future of employee reward
Need to know:The delivery of benefits is becoming more mobile-optimised, with new technologies such as machine learning, artificial intelligence (AI) and blockchain waiting in the wings.Data and data analytics is playing an increasingly important part in the personalisation of reward.Communication, security and transparency remain key, especially amid concern and publicity ...