All articles by Tynan Barton – Page 28
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AnalysisWhat are the key employee engagement challenges for the next decade?
Need to know:Strong levels of employee engagement will be needed to help build resilient organisations in competitive and evolving markets.Work is becoming more employee-led, and employers will need to focus on being agile, flexible and catering for the individual.A holistic approach, which encompasses all elements of wellbeing, the employee experience, ...
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Case StudiesOpen Data Institute focuses on individual engagement through regular communication
At the Open Data Institute (ODI), engagement among its 50 employees is achieved via regular, all-company communications and meet-ups, and providing a sense of purpose at work.As a small employer, the ODI uses the nature of its work, which is to advocate for the use of open data to support ...
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OpinionStephen Perkins: Benefits management involves knowing employees' needs
A single cash award may seem the simplest method of reward, and one which allows employees to control what they do to benefit from their earnings, but benefits have become part of an expected package.How does an employer offer benefits that employees want and value, compared with cash? How can ...
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OpinionSimon Richardson: Employers must convey the value of benefits to staff
In these days of internet and telephone banking, most of us check our balance each day, perhaps even more just before payday. However, we do not check the value of our pension statement, which is especially important if we are in a defined contribution (DC) plan subject to the vagaries ...
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Case StudiesThe benefits offered by BW
The benefits offered by BW:Pension and protectionDefined contribution (DC) group personal pension (GPP) scheme for all employees, with a 4% contribution from both the employer and the employee.Group income protection offered to all staff on an employer-paid basis.Critical illness insurance for all employees, which pays up to 75% of salary ...
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Case StudiesBW uses benefits to attract top talent in competitive industry
There is a war for talent in construction; a lack of skilled individuals entering the industry, means organisations are fighting for the top people. For building fit-out and refurbishment organisation BW, winning this war means offering a valued and attractive employee proposition.Penny Cresswell, head of HR at BW, says: “As ...
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AnalysisHow to guide employees through a pensions consolidation process
Need to know:As individuals increasingly hold multiple jobs throughout their working lives, they may be at risk of missing out on retirement income if previous pension pots are forgotten.Consolidation can give employees a full overview of their retirement savings in one place, and may offer lower charges and better tools ...
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OpinionMichelle Cracknell: Is pensions consolidation always the right choice?
Employers have to provide a workplace pension and, with the average person having 11 jobs in their lifetime, according to the Department for Work and Pensions (DWP), this could lead to millions of dormant or lost pension pots. Keeping track of multiple pensions is hard and will continue to be ...
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Case StudiesNorth of England P&I Association engages staff with options during pensions change
When the North of England P&I Association (Nepia) moved from one group personal pension (GPP) plan to another in 2018, following an internal restructure, employees were supported with information and education on how to transfer to the new scheme and consolidate any other pensions they might have from previous jobs.The ...
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OpinionChintan Gandhi: Employers can help inform staff about pensions consolidation
The Association of Consulting Actuaries (ACA) welcomes the continued drive towards consolidating smaller occupational defined contribution (DC) schemes and members' pension pots. At a scheme level, it is widely recognised that better member outcomes can often be achieved in larger schemes with stronger governance, well-designed and diversified investment strategies, and ...
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OpinionPip Hulbert: Mental health support needs a year-long focus
Mental health is rightly becoming a priority for every kind of business, yet conversations around the topic are still too often shrouded in stigma.That has got to stop. Talented people are the beating heart of business, and we want everyone to feel that it is okay to raise their hand ...
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OpinionEmma Mamo: Recognition must be one part of a comprehensive wellbeing approach
In 2018, Mind surveyed more than 44,000 employees across upwards of 100 employers for our annual Workplace wellbeing index. We found that the key drivers for mental health were not just things like pace of work, workload and the physical environment, but motivation and relationships with managers. Employees need to ...
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OpinionMichael Whitmore: Organisational practices can support mental wellbeing
Much of the mental health support provided by employers focuses on individual staff members, but it is equally important to consider how an organisation itself may need to change to effectively support employees.Evidence, found in Management of psychosocial risks at work: An analysis of the findings of the European Survey ...
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Case StudiesJohnson and Johnson places health at the heart of benefits strategy
Global healthcare organisation Johnson and Johnson has an aspiration to change the trajectory of health for humanity; for 2020 and beyond, its goal is to create the world’s healthiest workforce.To do this, the organisation looks at ways in which its benefits boost the health and wellbeing of its employees and ...
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ArticleZoe Sinclair: Shared stories can open communication around mental health
Jonny Benjamin MBE unintentionally hit the headlines in 2014 when, together with the charity Rethink Mental Illness, he launched a social media campaign called ‘Find Mike’. The goal was to find the stranger who had saved him when he attempted to take his own life in 2008.On finding Mike, actually ...
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ArticleThe benefits offered by Johnson and Johnson
The benefits offered by Johnson and Johnson for UK employees:PensionA defined benefit (DB) pension scheme is offered to all UK employeesHealthcare and wellbeingHealth assessments.Access to a virtual GP, including unlimited consultations, a choice of GP and repeat prescriptions with free delivery.Flu vaccinations for all employees.Group income protection.Cognitive behavioural therapy (CBT).Employee ...
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ArticleQuinn Roache: How can employers address the disability pay gap?
Research by the Trades Union Congress (TUC), Disability employment and pay gap, published in November 2019, shows that in the UK the average disability pay gap is 15.5%. This is equivalent to being paid a £1.65 less per hour, or a whopping £3,000 less per year, based on a 35-hour ...
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OpinionLucy Bennett: 2020 will see new regulatory requirements for pension scheme trustees
By 1 October 2019, trustees of occupational pension schemes, with a few specific exceptions, had to update their scheme’s statement of investment principles (Sip) to cover, among other things, the trustees’ policies on environmental and other sustainable investment issues.Further changes are coming in 2020. If an employer sponsors a scheme ...
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Case StudiesThe benefits offered by Ovo Energy
The benefits offered by Ovo Energy:Pensions and protectionDefined contribution (DC) group personal pension (GPP) for all employees with a 5% matched contribution from the employer.Critical illness insurance, available to all employees through a flexible benefits plan.Healthcare and wellbeingPrivate medical insurance is provided to senior leadership on an employer-paid basis. Eligible ...
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Case StudiesOvo Energy targets employee financial wellbeing with benefits strategy
Utilities provider Ovo Energy has experienced a sharp growth trajectory over the 10 years it has been operating, and as such, has created a benefits strategy that can both meet the needs of a fairly young workforce, while also supporting a talent management strategy that focuses on attracting and retaining ...