All articles by Tynan Barton – Page 16
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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
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OpinionDr Christine Grant and Professor Gail Kinman: How can employers address presenteeism among a virtual workforce?
Covid-19 (Coronavirus) has presented organisations with a major challenge regarding how they manage and stabilise their staffing resources. Many organisations are experiencing considerable uncertainty during the post-pandemic recovery phase and there are concerns about retention of key staff as individuals re-evaluate their working and personal lives. The move to remote ...
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OpinionJohn Hebblethwaite: Employees need more pensions education
There has been a seismic shift in the pensions landscape since the launch of automatic enrolment and there are now 15 times as many retirement savers who are members of defined contribution (DC) pension schemes compared with the historically more typical sort of defined benefit (DB) schemes.The Financial Conduct Authority ...
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Case StudiesPodcast: Ageas Insurance supports employees' needs with adaptable benefits offering
Listen: Insurance firm Ageas Insurance offers a comprehensive benefits offering in order to attract, retain and motivate its workforce.During the Covid-19 (Coronavirus) pandemic, the employer recognised that the benefits package needed to adapt to meet the changing needs of employees. Phil Wade, head of reward, explains the philosophy behind Ageas' ...
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Case StudiesThe benefits offered by Ageas Insurance
The benefits on offer at Ageas Insurance:Pension and group riskA group personal pension (GPP) plan for all employees, with an employer contribution of 6% of salary, and an employee contribution of 3% or more.Critical illness insurance, employee-paid through flexible benefits scheme.Life insurance for all employees, with the option to increase ...
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Case StudiesUK Power Networks demonstrates value of employment through total reward statements
For UK Power Networks, a total reward statement (TRS) holds two key attributes: the first is that it presents employees with an overall monetary value of their benefits package. The statement gives a breakdown of an individual’s benefits and remuneration for the previous year, and includes elements like pay, bonuses, ...
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AnalysisWhat are the benefits of personalising total reward statements?
Need to know:A total reward statement (TRS) can present a huge amount of information about the employee experience, from salary and bonus to tax and National Insurance savings through benefit schemes.TRSs were traditionally printed but have evolved into digital, real-time accounts.Demonstrating the entire value of an employee’s package can increase ...
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OpinionProfessor Alex Bryson: Has the pandemic changed how to motivate employees?
Debate on how to motivate employees goes way back. Employers have two sets of tools in their toolbox. The first are pecuniary rewards, so beloved by economists, for extrinsic motivation: more money, and linking pay to performance can deliver greater worker effort if designed properly. The second are the non-pecuniary ...