All articles by Tynan Barton – Page 46
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AnalysisGroup risk in numbers
24%: the percentage of employees that would like to receive income protection, but currently only 6% do (Source: Canada Life Group insurance, May 2015) bit.ly/1R6eg3R1,529: the number of employees that were successfully rehabilitated back into work in 2014 with support from an insurer (Source: Group Risk Development [Grid], May 2015) ...
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Opinion
05: What are employers' legal responsibilities when offering group risk benefits?
Most GIP policies will provide cover until retirement or a return to work, whichever is sooner, often at 50% or 75% of then current salary. Almost all potential legal problems can easily be avoided by appropriate contractual drafting.Avoiding costly errors in group risk provisionThe most costly error that employers can ...
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AnalysisTop tips for maximising the return on investment in dental benefits
If you read nothing else, read this…Employers can boost dental benefits take-up by highlighting the importance of good oral health to staff.Regular communication campaigns promoting the benefit should be complemented by leaflets, posters, webinars and benefits fairs.Onsite or near-site dental treatment can help to limit an employee’s time out of ...
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Analysis
41, World Duty Free Group motivates staff through recognition schemes
If you read nothing else, read this…World Duty Free Group revamped its recognitions schemes after listening to staff feedback.Employees are now more engaged with its suggestion scheme.More employees are now recognised in its peer recognition scheme.Working with Red Letter Days for Business, the organisation has relaunched two of its employee ...
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AnalysisHow employers can boost employees' emotional resilience
If you read nothing else, read this…Emotional resilience is the ability with which an individual is able to bounce back after periods of stress and adversity.Emotional resilience can be taught and the workplace is an ideal setting to support employees’ mental health.Employers can build and support employees’ emotional resilience ...
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Case StudiesBrowne Jacobson offers mindfulness and resilience support
It also runs workshops on how to build personal resilience, which are open to all employees, as part of its learning and development programme. Yana Belmega, learning and development project manager, says: “[The focus] is around increasing resilience, so looking at what [resilience] is and the difference between pressure and ...
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Case StudiesThe Attachmate Group tackles risk management around international staff
But ensuring that its perks are fair and competitive can be a challenge, particularly when it comes to ensuring that it remains up to date with legislative changes.Ian Wright, director, global compensation and benefits, at The Attachmate Group, says: “The main challenges are knowing exactly what benefits are offered and ...
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AnalysisHow to manage employee-benefits-related risk
If you read nothing else, read this…Employee benefits, such as preventative healthcare programmes, can help to mitigate organisational risks such as sickness absence and workplace stress. But benefits can bring their own risks to an organisation around cost, health and safety and regulation.Employers must be aware of all the risks ...
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ArticleBuyer's guide to contract-based defined contribution pension schemes
What is a contract-based defined contribution (DC) pension scheme?A contract-based DC scheme is based on contributions from both employers and staff. It can be a group personal pension (GPP), a stakeholder scheme or a group self-invested personal pension (Sipp).What are the origins of contract-based DC pension schemes?Most new DC schemes ...
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ArticleSantander drives take up of salary sacrifice car scheme
Santander plans to use its benefits communications to increase take up of its salary sacrifice car scheme.Speaking in a session titled ’The evolving world of salary sacrifice cars - now and in the future’, at Employee Benefits Connect on 4 March, Elliot Rees-Davies, reward director at Santander, said that, since ...
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Case StudiesCushman and Wakefield seeks consolidation
The review was driven by a desire to provide a more consistent benefits offering for its 2,500 employees working across the region. The organisation is working with global adviser, Willis Employee Benefits, to assess its current benefits provision, to identify potential cost efficiencies and look at the governance of each ...
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AnalysisHow to maximise global benefits scheme efficiencies
If you read nothing else, read this…Global employers must consider costs in the context of employees’ locations. The design of a benefits scheme can help to contain costs.Multinational pooling can save an employer money on insured benefits.One of the key challenges for global employers is the specific healthcare needs of ...
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AnalysisSummer driving tips for employees
If you read nothing else, read this…Employees who drive abroad should perform essential car maintenance checks, such as oil, cooling fluid and tyre pressure.Drivers should familiarise themselves with the driving rules in the countries they plan to visit, which can vary. A leasing firm can advise an employee on the ...
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AnalysisHow to manage workplace dementia
If you read nothing else, read this…Diagnosis rates of people with dementia are increasing.Employers have a duty of care and a legal requirement to make workplace adjustments for staff with dementia. Employee assistance programmes, private medical insurance and group income protection can help to support affected staff.The mental illness hit ...
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AnalysisCreating an employee value proposition to win the war for talent
If you read nothing else, read this…An EVP comprises the benefits and rewards that employers offer employees in addition to, and often as part of, their employment contract.An employer’s brand is key in attracting, retaining and motivating talent .Benefits should be engaging and relevant for staff.A number of recent surveys ...
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AnalysisHow to deliver a holistic health and wellbeing strategy
If you read nothing else, read this…Responsibility for an employer’s healthcare strategy provision may be divided between multiple teams. A cohesive strategy relies on a clear governance structure, determining where responsibility lies between teams. A shared healthcare benefits dashboard can give all teams access to relevant data.Responsibility for providing an ...
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Case StudiesSevern Trent Water involves multiple teams in staff health and wellbeing
The benefits and occupational health teams sit within the HR team, as do health and safety and wellbeing teams.The high risk of employees developing musculoskeletal problems through manual tasks, such as digging holes, is a particular focus of the teams.Severn Trent’s health and wellbeing programme, Fit for the future, focuses ...
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Article
Capital One raises bikes take up through EVP
Capital One has doubled the take up of its bikes-for-work scheme by integrating it in its employee value proposition (EVP).In a session titled Creating an EVP for the future: employee motivation and the role of benefits at Employee Benefits Connect on 27 February, Jill Cunnison, head of benefits and HR ...