All articles by Tynan Barton – Page 16
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ArticleBarton’s blog: How will reward strategies respond to soaring inflation rates?
The cost-of-living crisis hit the headlines this week, as the Office for National Statistics announced the consumer prices index (CPI) of inflation rose faster than expected to a 30-year high of 5.4% in December 2021. Despite news of higher starting salaries and rises in basic pay increases, UK households face ...
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OpinionAdrian Cooper: Where next for financial wellness?
The nascent financial wellness industry is set to evolve into a fragmented market offering specialised solutions to meet different financial challenges.The current approach is to offer a one-size-fits-all package. Yet the financial challenges people face are not homogenous. At the start of their working life, young people may be saddled ...
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ArticleBarton’s blog: From mass sickness absence to January motivation
As we firmly settle into January, it is interesting to compare the start of this year to the same period in 2021. While parents and carers may not have the pressures of home schooling, the worries of Covid-19 (Coronavirus) remain ever-present for employers and their workforces.The sheer number of employees ...
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ArticleBarton's blog: Wishing you all a very happy and healthy festive break!
This blog is a bit of a strange one; it's my first as acting editor, having said a fond farewell to Kavitha Sivasubramaniam and awaiting the return of Debbie Lovewell-Tuck, but also the last editor’s blog of 2021.Once again, workplaces this year have seen challenging times as we have all ...
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Case StudiesPodcast: Trayport adapts benefits to keep culture alive through pandemic
Listen: In this episode of the Employee Benefits podcast, David Glennon, rewards manager at Trayport, discusses some of the employee wellbeing projects that the software organisation put in place to support staff during the pandemic.These initiatives led to Trayport winning the award for Best benefits to support employees during the ...
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Case StudiesThe benefits offered by Trayport
The benefits on offer at Trayport:Pensions and financial wellbeingGroup personal pension plan with Aviva with a 7% employer contribution.Regular financial wellbeing talks and webinars.Access to a financial advisor.Option to save into an individual savings account (Isa) directly from payroll.Group riskGroup income protection for all employees, employer paid.Life assurance at four ...
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Case Studies
Infographic: Pensions value in numbers
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ArticleProfessor Chris Rowley: Covid-19 has exacerbated the challenge of supporting expat health and wellbeing
The Covid-19 (Coronavirus) global pandemic has impacted on the world of work with influences stemming from not only the inherent health risk posed in the workplace and related travel, but also in terms of the imposition of various types and levels of restrictions, lockdowns and work-from-home orders.One group of employees ...
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ArticlePets at Home staff to share £11.7m payout
More than 500 employees at Pets at Home are set to receive a share of a potential £11.7 milllion payout from the firm's sharesave scheme.Members of staff were able purchase Pets at Home shares at a fixed price of just over 94p when the initiative launched in 2018; as at ...
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Article51% of employees want greener pensions
Half of employees (51%) want to know that their pension scheme is invested in environmentally and socially sustainable organisations, a new study has found.The research from Cushon showed that, broken down by generation, 60% of millenials are keen to have greener pension investments.Almost half (48%) of savers mistakenly believe that ...
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ArticleJo Moseley: What do employees value more than a Christmas turkey?
Employers are usually legally responsible for the actions of their staff in a work environment. Most have policies in place which explain to staff the behavioural norms they have to follow and these often cover discrimination, harassment and bullying. Any member of staff who breaks the rules will usually be ...
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ArticleSally Wilson: What do employees value more than a Christmas turkey?
On balance Christmas has to be a good thing; the twinkling lights and celebrations of the festive period provide some respite from the gloom of December, the least sunny month in the UK with only 37.8 hours of sunlight last December according to Statista, ending with the shortest days.But Christmas ...
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Case StudiesPodcast: How Reed reshaped its reward strategy to closely align with business purpose
tynanbarton · Reed/Employee Benefits podcastListen: Chris Brindley, reward business partner at Reed, talks about how the recruitment agency has redesigned its reward approach to closely align with business culture and strategy.The Covid-19 (Coronavirus) pandemic led to the employer taking immediate action to launch new benefit schemes within weeks instead of ...
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Case StudiesThe benefits on offer at Reed
The benefits on offer at Reed:PensionA group personal pension, with contribution levels based on qualifying earnings. Reed contributes 3% and employees (co-members) contribute 5%. The default scheme uses a salary sacrifice model and co-members are able to enhance their contributions by choosing a fixed amount per period or sacrificing more ...
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OpinionKatherine Wilson: Support for working carers will retain key talent in the workplace
Most of us will provide unpaid care at some point in our lives, and with women having a 50:50 chance of providing care by the time they are 46, working carers are becoming a significant proportion of the working population. At the height of the pandemic, Carers UK estimated that ...
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OpinionSue Yeandle: How can employers support staff with caring responsibilities?
It’s a growing issue. In 2020, England and Wales had 3.7 million working carers according to the Supporting working carers: how employers and employees can benefit report, published in June 2020 by the University of Sheffield and the Chartered Institute of Personnel and Development (CIPD).Numbers continue to rise. Managing paid ...
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Case StudiesSevern Trent Water ensures employees are supported through group risk benefits
Severn Trent Water ensures that all members of its workforce have an comprehensive group risk package to protect themselves or their family in difficult circumstances.As part of their core package, employees at the water company receive up to six times salary life insurance, accident insurance and group income protection (GIP) ...
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AnalysisHow can employers raise awareness of the value of group risk benefits?
Need to know:Group risk benefits provide critical financial support when employees need it most.Many group risk policies offer valuable add-on benefits such as virtual GP services and employee assistance programmes, but employees need to be aware that these are available through their employer.In difficult circumstances, such as the Covid-19 (Coronavirus) ...
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OpinionKatharine Moxham: The benefits of group risk need to be regularly communicated
Group risk benefits, that include employer-sponsored life assurance, income protection and critical illness benefits, have emerged as a must-have from the Covid-19 (Coronavirus) pandemic as we’ve seen a fundamental shift in attitude from “it won’t” to “it could" happen to me.As well as paying out £218.7 million in Coronavirus-related death ...
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Case StudiesInfographic: Benefits communication in numbers
// Benefits communication in numbersInfogram