Research news 1 – Page 31
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Pensions research: Attitudes to pensions
Employers still place a high value on pensions, but many concede they should be doing more to boost staff take-up, says Debbie LovewellOver the years, workplace pension schemes have not fallen out of favour with employers, despite the (often complex) challenges they pose for many organisations. This is borne out ...
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Pensions research: about the respondents; key findings
Our pensions survey, which was carried out in June 2009 among readers of Employee Benefits magazine and users of www.employeebenefits.co.uk, received 598 responses.Key findingsJust 10% of respondents feel the Pensions Act 2008 will solve the pensions crisis.74% of respondents feel responsible for employees’ financial wellbeing, but 50% say it is ...
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CIPD research: Poor reward communication seen as big threat
Poor communication of reward is seen as the most common threat to organisational performance associated with pay and reward, according to a survey commissioned by the Chartered Institute of Personnel and Development (CIPD).Despite the media and regulatory spotlight on the dangers posed by bonuses around encouraging poor behaviour and performance, ...
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Origen research: Age discrimination laws yet to impact on employers
Age discrimination legislation has yet to have an impact on the majority of UK firms, as over 50% do not employ any staff over the age of 65, which rises to 80% in IT telecoms and media, according to research conducted by Origen.The legislation that was implemented in October 2006 ...
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Research: how legislation is affecting workplace health and wellbeing
The Welfare Reform Act 2007 has had no impact on most employers, but Dame Carol Black’s report has prompted action, says Debi O’DonovanThe Welfare Reform Act 2007, which came into effect in October 2008, contains the powers to replace incapacity benefits with an employment support allowance. People claiming this state ...
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Research: healthcare costs and calculating return on investment
Most employers use an intermediary to buy healthcare benefits and spend less than 2% of payroll on the perks. Calculating return on investment is now a priority, and staff at smaller firms are better informed, says Debi O’DonovanThe research shows most employers opt to use a broker or intermediary to ...
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Research: strategies to deal with employee stress
The recession has raised staff stress levels, but almost two-thirds of employers do not have a strategy to deal with the problem, says Debbie LovewellStress remains a common problem for many employers, often boosting sickness absence rates. Even if employees do remain at work, stress can lead to reduced staff ...
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Research: impact of health and wellbeing benefits on sickness absence
Holidays, work-life balance and flexible working have risen in importance as factors that reduce sickness absence, says Debbie LovewellPreventative perks to boost employees’ overall health and wellbeing continue to be seen as key weapons to control sickness absence levels.But the types of benefits employers believe help to reduce absence have ...
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Research: which healthcare benefits are on offer
An employer’s size has a bearing on whether it offers perks such as private medical insurance to all or only some of its employees, says Debi O’DonovanThis year’s survey delved a little deeper than usual, not only to identify which benefits employers offer to employees, but also find to out ...
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Research: attitudes to health and wellbeing
Most employers are keen to improve staff health and welfare, but are feeling the pressure to keep benefits costs down, says Debbie LovewellOverall, employers believe they have a role to play in looking after employees’ wellbeing. This view has remained fairly consistent over the past decade. In our healthcare research ...
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Healthcare research 2010: Key findings
Our survey, which was carried out in April 2009, received 834 responses from Employee Benefits readers and users of www.employeebenefits.co.ukKey findings54% of respondents will be under more pressure to reduce costs and 44% will have to review providers to get a better deal because of the recession.†Improving staff health and ...
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Employee Benefits/Simplyhealth Healthcare Research 2009
Research: who are the respondents; key findingsResearch: attitudes to health and wellbeingResearch: which healthcare benefits are on offerResearch: impact of health and wellbeing benefits on sickness absenceResearch: strategies to deal with employee stressResearch: healthcare costs and calculating return on investmentResearch: how legislation is affecting workplace health and wellbeingSponsor's comment: Health ...
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Article
Personal accounts will fail, research shows
Personal accounts are likely to be a failure when they are introduced in 2012, according to a survey on the provision of employer sponsored defined contribution (DC) pensions conducted by Punter Southall Financial ManagementThe survey also revealed that around 80% of employers intend to keep their existing pension scheme in ...
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Employee Benefits Research 2009: Employers torn between motivation and cutbacks
Employers are increasingly torn between motivating staff in the recession and needing to cut costs.The Employee Benefits Research 2009 found that 43% of employers intend to seek ways to maintain staff motivation, or have already done so. But 29% have imposed, or are planning, pay freezes, and the same proportion ...
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Research: Towers Perrin's UK corporate health and wellbeing survey
Cost is the most important factor for employers when setting up a health and risk benefits strategy.According to Towers Perrin's UK corporate health and wellbeing survey, price is the greatest influence when implementing a health and risk policy, cited by 45% of respondents, followed by employee satisfaction (29%).Organisations that provide ...
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Employee Benefits Research 2009: core benefits offered
The past five years have seen little change in the top benefits offered in a traditional core package. For many years, training and development was viewed as a human resource strategy separate to benefits strategy. But the growing prominence of total reward strategies has led to more training and development ...
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Employee Benefits Research 2009: how benefits are offered
Although most employers still offer their staff traditional core benefits, the percentage that offer perks by some other means – on a voluntary basis, through a flexible benefits scheme or via salary sacrifice – has risen steadily over the past five years. Back in 2004, for example, 34% of respondents ...
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Employee Benefits Research 2009: responsibility for and communication of benefits
Over the past 10 years, huge advances in technology have transformed the way employers communicate benefits to staff. Back in 1998, when Employee Benefits carried out the Strategic reward research, only a quarter of employers used email to communicate benefits and just 7% had an intranet site. How things have ...
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Employee Benefits Research 2009: Evaluation of and attitudes to benefits
There has been a significant rise in the importance of obtaining, and demonstrating, value for money on benefits over the past five years. When respondents were asked back in 2004 about their perceptions of their benefits package, just 29% said it provided value for money. This year, 79% said the ...
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Employee Benefits Research 2009: benefits strategy
Over the last five years, little seems to have changed in how employers view their benefits strategies. With many compensation and reward professionals coming under increasing pressure to control reward costs and demonstrate that they are obtaining value for their spend, it is encouraging to see that just under two-thirds ...