All Employee Benefits articles in Web Issue – Page 1279
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Supplier articleGlocalisation: achieving your global benefits aims with local tailoring
Previously, we looked at how a global health and wellbeing strategy has endless possibilities, and takes many forms. It doesn’t necessarily have to be a written down, set-in-stone, one-size-fits-all approach.Whilst a global healthcare setup is important to any international organisation, the challenge is to achieve a balance between the company’s ...
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Supplier articleRecognition: Using behavioural insight to embrace change and stay relevant
"Changes call for innovation, and innovation leads to progress."Li Keqiang, Chinese politicianThis is a fine sentiment – but how do you innovate if change, by human nature, is what we are most afraid of? “We’ve always done it that way,” is a phrase that is used a lot in organisations; ...
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ArticleEXCLUSIVE: Discover how technology drives performance at Connect 2020
EXCLUSIVE: Justine Woolf, director of consulting at Innecto, part of the Personal Group Family, will discuss how embracing technology and taking a broad view of the employee lifecycle can help employers boost motivation and engagement at Employee Benefits Connect 2020.The session, titled 'Reward to drive peak performance in the dynamic ...
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ArticleMerchant Navy Officers Pension Fund completes £1.6 billion buy-in agreement
The Merchant Navy Officers Pension Fund (MNOPF), worth approximately £3 billion, has reached a £1.6 billion buy-in agreement with Pension Insurance Corporation (PIC).The buy-in, announced today (10 February 2020), covers members affected by fund’s longevity swap, which was completed in 2014, was structured as an insurance agreement between the trustee ...
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ArticleUnions reject 2% pay offer from Local Government Association
Three unions representing council employees in England, Wales, and Northern Ireland have rejected a 2% pay offer by local government employers that would affect more than a million local employees. In the summer of 2019, the trade unions Unison, Unite and GMB submitted a pay claim that would mean the ...
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Case StudiesKarma uses regular communications to align benefits strategy with employee needs
Karma is a free app that connects people to restaurants and grocery stores with surplus food for sale. The organisation operates out of London, Stockholm, and Paris, with 75 employees based across the three locations.Like many high-growth businesses, Karma’s team is integral to its development and success. Employees not only ...
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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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AnalysisClosing the perception gap between what staff and employers consider fair reward
Need to know:The gap between what an employer offers and what employees consider fair reward is often the result of failing to listen to employees’ needs when planning benefits strategies.Nevertheless, often the right benefits are in place, but simply lack effective communications aligning them with employee expectations.In communicating the value ...
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Supplier articleHow to make the move beyond service awards to continuous recognition
When you think of employee recognition, what comes to mind? For a lot of people, it’s “Years of Service Awards” or “Long Service Awards” (LSAs), but why is that the case? For decades, organisations have been awarding their people for tenure. And this isn’t a bad thing – we want ...
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ArticleHalf want employers to offer more financial wellbeing support
Half (50%) of employees want their organisations to offer more guidance around improving their financial situation, according to research by Wills Towers Watson.The research, which surveyed 40,000 employees at medium and large private sector organisations across 27 countries between July and September 2019, also found that 62% of employees have ...
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ArticlePhoenix Group recognised as exemplary carer-positive employer in Scotland
Pensions consolidator Phoenix Group has been recognised by non-profit organisation Carer Positive, operated by Carers Scotland, as an exemplary carer-positive employer in Scotland. The award, announced today (11 February 2020) demonstrates the support that Phoenix Group provides for working parents within its organisation. Phoenix Group was awarded the ‘exemplary’ level ...
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ArticleAllianz Partners UK signs Time to Change mental health commitment
Insurance firm Allianz Partners UK has reinforced its commitment to addressing employee mental health by signing the Time to Change Employer Pledge. The pledge marks a commitment to change the way an organisation thinks about and responds to workplace mental health problems. It also requires employers to implement a 12-month ...
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OpinionClaire Goodby: Ministry of Justice ruling could have significant impact on pensions
In December 2019, the Supreme Court upheld part-time judges’ claim for equal pensions treatment, a ruling that could have a financial impact on schemes and sponsoring employers.Prior to this case, claims for unfavourable treatment towards part-time workers needed to be brought within three months of the end of the part-time ...
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Supplier articleA step-by-step template to build your ideal recognition programme
If you haven’t already begun thinking about the importance of employee recognition in the workplace, it’s time to start. A recent survey points to 82% of employees naming praise and recognition as a key factor in helping them improve their job performance. And why is this?Find out why employee recognition ...
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ArticleSeven in 10 employers witness presenteeism during winter months
Seven in ten (71%) of business leaders admit to having witnessed presenteeism among their workforces during the winter period, according to research by recruitment organisation Robert Half UK. Its study of more than 600 leaders also found that 62% of employers believe presenteeism rises during the school holidays, while more ...
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ArticleStarling Bank awards shares to engage 800 employees with business success
UK digital banking organisation Starling Bank is awarding shares to all 800 employees following a successful investment from several investors, with a goal of allowing staff to benefit directly from business success. The organisation has raised £60 million from its existing investors, Merian Global Investors and JTC, which will bring ...
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ArticleDaimler rewards 130,000 employees in Germany with profit-sharing bonus
Automotive manufacturer Daimler is rewarding 130,000 members of staff based in Germany with a one-time bonus, based on its latest financial year results and to recognise employees' hard work during 2019. Employees who have enrolled in the organisation's profit-sharing scheme will receive a bonus of up to €597 (£501) with ...
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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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Case StudiesHays uses data to showcase return on benefits platform
Since recruitment organisation Hays updated its benefits strategy with the introduction of a flexible benefits platform in November 2018, it has used data to showcase the return on investment (ROI). Based on the needs and demands of its employees, as identified through its annual engagement survey, Hays focused on aligning ...
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AnalysisTop tips for using data to showcase return on investment in a benefits strategy
Need to know:With the range and availability of benefits increasing, and sources of data growing, employers must consider how to best harness data to showcase the value of benefits spend.Using a multi-layered approach to highlight pain points or areas of interest, and measuring data around these, will help to ensure ...