All articles by Tynan Barton – Page 30
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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 ...
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ArticleEXCLUSIVE: EAPs and flexible working are most popular mental health benefits
EXCLUSIVE: Employee assistance programmes (EAPs), flexible working or work-life balance policies, and access to education and guidance for staff are the most commonly offered benefits to support mental health, according to research by Employee Benefits.The Employee Benefits/Health Shield Healthcare research 2019, which surveyed 202 HR decision makers and influencers, also ...
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OpinionCatherine Garrod: Using engagement technology to promote inclusion
Our vision at Sky UK is to be the industry leader in the UK and Ireland for inclusion, both on-screen and behind the scenes. We want our people to value diversity, be themselves and deliver the best work of their lives.A couple of years ago, we opened up a conversation ...
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OpinionCharles Cotton: Christmas rewards can recognise the year's achievements
March 2015 research by the Chartered Institute of Personnel and Development (CIPD), Show me the money: The behavioural science of reward, found that money can help incentivise employee behaviour in a variety of ways. For example, when promised money for a later task, people start to perform intermediate tasks better, ...
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OpinionMichael Royce: How can employers help staff improve financial capability?
Employers play an increasingly important role in supporting the financial wellbeing of their people, both through the success of pensions auto-enrolment and by providing schemes such as season ticket loans and childcare vouchers.Figures from Neyber’s The DNA of financial wellbeing report, published in May 2016, estimate that money worries cost ...
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ArticleJustin Tomlinson: What are the ramifications of the DWP’s sick pay consultation?
When we are not helping those people who want to work stay in employment, everyone loses out. That is why we at the Department for Work and Pensions (DWP) are consulting on how to create healthier workplaces by supporting more employers to help disabled people and those with health conditions ...
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ArticleDaniel Parker: What are the ramifications of the DWP’s sick pay consultation?
The government’s consultation into statutory sick pay (SSP) contains a number of ostensibly minor tweaks to the SSP regime which, cumulatively, herald more substantial changes than might initially be thought.The most headline-grabbing change is the proposed extension of SSP to workers earning below the existing lower earnings limit of £118 ...
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ArticlePaul Deemer: What are the ramifications of the DWP’s sick pay consultation?
The Department for Work and Pensions (DWP) consultation into statutory sick pay (SSP) seeks views on ways both government and employers can take action to reduce job loss related to ill health.The consultation opens the door for further discussion on how chronic illnesses or disabilities are dealt with in workplaces ...