All Employee Benefits articles in Web Issue – Page 740
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OpinionIoana Piscociu: Can PMI cope with chronic health conditions?
If you read nothing else, read this…31 million working days were lost to musculoskeletal conditions in the UK in 2013.The most common musculoskeletal disorder is back pain.Inclusive PMI schemes can give staff access to physiotherapy or specialist care.Absence levels in the UK are higher than ever, with employers losing millions ...
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ArticleExtended right to request flexible working to come into effect
This had been due to take effect on 6 April, but was postponed because of a delay in the Children and Families Bill’s progress through Parliament.At the moment, employers must ’”consider seriously” requests to work flexibly from employees who have a child aged 16 or under, those with a child ...
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AnalysisThe role of independent governance committees
If you read nothing else, read this… Pension providers will have to set up independent committees to monitor their investment and administration activities from April 2015.This is an imperfect solution because the committees will not be able to take account of every employer’s scheme.There is also scepticism about what changes ...
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Analysis
Gamification in pensions communication
If you read nothing else, read this…Gamification is a trend to employ game mechanics in non-game environments.Employees could receive a reward for completing a games process.Gamified design of pension communications must not be tedious.By 2015, 50% of organisations will gamify innovation processes (Gartner).According to technology research firm Gartner’s Future of ...
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AnalysisHow to optimise private medical insurance's effectiveness
If you read nothing else, read this…Effective use of private medical insurance (PMI) can help to attract and retain staff.Employers can boost the effectiveness of PMI by offering it to staff as part of a holistic health and wellbeing strategy.Claims cost management is a useful PMI feature.There has been a ...
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ArticleEmployers must help manage employees' retirement expectations
For example, more than half (53%) of the respondents to Aon Hewitt’s Global benefits attitudes survey admitted they needed to save more for their retirement, while 90% of UK employees who responded to the Aegon UK Readiness report said they are falling short of their retirement targets.Meanwhile, more than a ...
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OpinionLynda Shaw: Employers should understand employees' responses to financial stress
If you read nothing else, read this…It is very easy for employees to get into debt.Debt can increase stress hormones, such as noradrenaline and cortisol, and adversely affect ’feelgood’ neurotransmitters.Employers should offer all staff access to financial education.Most employees think they are doing well if they are in the black, ...
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Analysis
Why employers are struggling to engage staff in workplace pensions
If you read nothing else, read this…Contradictory government legislation is not helping employers promote pension savings efforts.Employers must support staff to actively engage with their workplace pension scheme.For some employees, pension contributions are just another irritating deduction from pay.Employers are consequently grappling with how best to engage these employees to ...
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ArticleWorkplace health report: Strategies in practice
Read the digital edition of the Workplace health: Strategies in practiceThe report includes the following articles:Clare Bettelley: Employers’ support for employee health is lackingMusculoskeletal: Keep claims under controlMusculoskeletal: Movement reduces painMental health: This is a boardroom issueMental health: Dealing with depressionWellbeing: Build a culture of wellbeingWellbeing: Money worries need careFinancial ...
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AnalysisWhy hard data on employee benefits has become so crucial
If you read nothing else, read this…Cost is driving HR to use data to justify benefits decisions.In the future, readily accessible data will change the way benefits programmes are designed.Data is everywhere, but a balance must be struck between drowning in data and not having enough and therefore making blind ...
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ArticleDebi O’Donovan: Data will change the benefits landscape
But there is still a way to go, with even bigger changes predicted by the industry’s forward-thinkers.Speaking to leading benefits directors at the Employee Benefits Summit last month, it was clear that most had not yet felt the impact of not being able to pay for pensions via commission in ...
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OpinionIan McKenna: How employers can use data better
Big data is transforming the way many organisations work, from retail to healthcare, enabling unprecedented insight into a wide range of areas. Employee benefits should not be exempt from this process because the benefits can be just as significant for HR as they can for sales and marketing.Such information can ...
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ArticleCEO annual pay could rise to £6m in 2014
Average annual pay for a FTSE 100 chief executive officer (CEO) could rise to nearly £6 million in 2014, according to research by the High Pay Centre.Its research, which analysed chief executives’ pay across the 67 FTSE 100 companies that reported their remuneration policies in the final three months of ...
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ArticleMills and Reeve extends range of health checks
EXCLUSIVE: Mills and Reeve has extended the range of health screenings it offers to employees and has added a salary sacrifice arrangement to the schemes.The law firm previously offered health screening, provided by Bupa, to employees through its annual flexible benefits scheme.Samantha Neaves, reward and HR information systems manager at ...
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Analysis
Employers' key challenges in supporting employee health and wellbeing
If you read nothing else, read this…Employees’ reluctance to take responsibility for their own health and wellbeing is one of the key challenges facing employers.Employees want reassurance, rather than workplace support, to increase their awareness about potential threats to their health.Younger generations expect to have access to a workplace wellness ...
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ArticleHelen Forrest: Should employers encourage the consolidation of small pension pots?
Auto-enrolment is proving tremendously successful. By the time of next year’s general election, 4.3 million workers at more than 50,000 employers will be in a pension scheme, or saving more, as a result of these reforms, according to National Association of Pension Fund (NAPF) research, published in October 2013.But many ...
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ArticleAon completes acquisition of Lorica Employee Benefits
Aon has completed its acquisition of Lorica Employee Benefits.This follows an announcement in March 2014 that Aon would acquire Lorica Employee Benefits, subject to regulatory confirmation.Aon’s benefits solutions business currently employs around 240 people in seven locations in the UK, while Lorica Employee Benefits has more than 150 employees in ...
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ArticleEmployee engagement and wellbeing go hand in hand
Organisations that are searching for sustainable individual and business performance need to focus on both wellbeing and engagement, according to a white paper by Engage for Success.The evidence: wellbeing and employee engagement report sets out evidence for the link between employee engagement and wellbeing, and the consequential impact on individual ...
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ArticleAsos and Danone shortlisted for benefits communication
Asos and Danone are among the employers that have been shortlisted for the award ‘Benefits communication – small employer’ at the Employee Benefits Awards 2014.This award recognises an effective and innovative approach to benefits communications, be it through face-to-face presentations, print, social media or digital media.The full category shortlist is:Asos ...