All articles by Tynan Barton – Page 30
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OpinionTim Reay: A global benefits strategy can complement state provisions
What is taken for granted in one country may not be provided by the state in another, and one important role employers play is to support staff by filling in the gaps in the local state employee benefit provisions.The most well-known example, and one of the most costly ones for ...
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AnalysisHow are employers using voluntary benefits to support employees around the globe?
Need to know:In some markets, such as the UK, voluntary benefits are ubiquitous, while in others they are only just emerging as a resource for attracting and retaining talent.Health and wellbeing is a key area of focus across the globe, and voluntary schemes can be used to supplement local state ...
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Case StudiesTravelex offers a range of benefits to support global employees' needs
Image credit: Kristi Blokhin / Shutterstock.comA Travelex store is a familiar sight for any global traveler; the foreign exchange business operates in 60 countries and has a widespread presence in airports, transport hubs, shopping centres, supermarkets and high streets.With 9,000 employees around the world, the organisation operates its benefits on ...
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ArticleRos Altmann: What actions would you recommend to government on pensions?
There are several urgent reforms that the new government should consider for early legislation. As the Pension Schemes Bill was abandoned before dissolution of Parliament, it will need to be revived next year.Regulators need more powers to force pension providers to improve the quality of their data records and provide ...
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ArticleRob Yuille: What actions would you recommend to government on pensions?
People find pensions complicated, this we know. So, as political parties do their best to woo the electorate, the Association of British Insurers (ABI) has identified three areas in which a new government can improve the pensions system by making it fairer, safer and simpler for consumers to understand and ...
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OpinionKatharine Moxham: Group risk benefits can encourage better health behaviours
The group risk industry has long understood the importance, not only of early interventions, but also of preventative measures and encouraging better health behaviours in the first place. That is why group risk products, such as employer-sponsored life assurance, income protection and critical illness benefits, are focused on so much ...
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OpinionMel Duffield: Initiatives to engage younger employees with pensions
For an employee starting out in their 20s, facing higher costs of living, saddled with student debt, and with the prospect of retirement only a distant goal on the horizon, apathy about pension saving, and even opting out of the auto-enrolment process altogether, is not unexpected.However, there are strong indications ...
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OpinionLarisa Gordan: Pensions buy-ins are an effective way to de-risk part of members' liabilities
A buy-in policy is one way of transferring risk from a pension scheme to an annuity provider, normally an insurance firm. The trustees pay a premium to the insurer and in return receive a regular income which essentially matches the agreed benefits for each member of the scheme.This transaction is ...
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OpinionPaul Sparrow: Employers must be certain of the authenticity of their brand
Employer brands are a dangerous commodity; they can be forgiving of mistakes, or years of work carefully nurturing a brand can be destroyed by a single thoughtless act.Employer branding is the application of marketing-think to human work behaviour, and that carries risk. An employer brand is not a rational, manageable ...
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Case StudiesACCA engages employees with retirement planning using tailored roadshow
Global professional accountancy body The Association of Chartered Certified Accountants (ACCA) has engaged its employees with retirement planning through a pensions roadshow that addressed their changing needs as they approach retirement.The roadshow, which was offered to all 850 ACCA UK employees, took place across its offices in September 2019, and ...
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AnalysisIs online education an effective means of supporting financial wellbeing?
Need to know:Financial education is a key tool in supporting the overall wellbeing of employees, but it must be delivered in a method that is engaging and relevant.While face-to-face presentations and seminars are still highly popular, online initiatives can reach a widely dispersed workforce with personalised information.Online methods help avoid ...
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Case StudiesTravis Perkins uses online financial education to support employee wellbeing
In 2017, UK-based builders' merchant Travis Perkins implemented a financial education campaign, in recognition of the impact money worries can have on both the physical and mental wellbeing of employees.Paul Nelson, reward and HR analytics director at Travis Perkins, says: “We have a three-pronged approach to wellbeing: physical, mental and ...
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OpinionMartin Upton: The benefits of using online financial education to reach staff
Providing financial education in the workplace is clearly a matter of good citizenship, but it also makes good business sense. Financial competence reduces the risk of getting into money problems and is conducive to greater productivity by reducing stress levels. Providing financial education is also perceived as a benefit by ...
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ArticleEXCLUSIVE: 79% have benefits and strategies to support mental wellbeing
EXCLUSIVE: Despite a slight drop in 2018, mental health issues have seen a considerable overall increase in importance for employers over the past few years; 67% offered relevant support to their employees in 2017, which has risen to 79% this year, according to research by Employee Benefits.The Employee Benefits/Health Shield ...
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ArticleEXCLUSIVE: London City Airport creates diverse financial wellbeing programme
Employee Benefits Live 2019: London City Airport has created a programme that address many aspects of employees' financial wellbeing.Addressing delegates at Employee Benefits Live 2019 at ExCel London, Michael Spiers, chief people officer at London City Airport, explained that the programme was introduced in recognition that employees required support around ...
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AnalysisHow can employers support gender-specific health and wellbeing issues in the workplace?
Need to know:To be truly gender-inclusive, employers cannot just focus on closing pay gaps, but making the workplace work for both men and women.In order to engage employees with the support available to them, employers should normalise gender-specific subjects that are often thought of as sensitive or taboo.Transgender benefits are ...
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OpinionJames Rudoni: Focus on the mental health of male employees
In 2018, men accounted for three-quarters of the people who took their own lives in the UK, according to Suicides in the UK: 2018 registrations, published by the Office for National Statistics (ONS) in September 2019.These statistics highlight the need for increased awareness and understanding of mental ill-health, particularly in ...
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Case StudiesVolkswagen Financial Services UK provides gender-specific wellbeing support
Volkswagen Financial Services UK, which has just under 1,200 employees, has embedded gender-specific support and communication into its wellbeing benefits provision, with targeted benefits and campaigns for men and women.In terms of specific benefits, the organisation offers employer-funded breast and prostate cancer screening every other year, for staff over the ...
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ArticleEXCLUSIVE: Twitter views improving work as an exercise in enhancing the human experience
Employee Benefits Live 2019: Addressing delegates in the opening keynote of the 21st annual Employee Benefits Live conference, Bruce Daisley, vice president, Europe, Middle East and Africa (EMEA) at Twitter, spoke about how organisations can improve the employee experience at work.Daisley drew attention to five key points that he believes ...
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ArticleEXCLUSIVE: Metropolitan Police uses returners programme to address pay gap
Employee Benefits Live 2019: The Metropolitan Police Service has taken steps to address its gender pay gap and increase female representation in its workforce, using its women’s returners programme.The programme, which is a high-level internship scheme, aims to support female officers in the return to work after a career break.Addressing ...