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Employee Benefits

May 24 2022
What company perks do employees look for in 2022?

What company perks do employees look for in 2022?

By Employee Benefits, Employee Engagement, Employee Management

Right now, the job marketplace is highly competitive. In fact, job vacancies in the UK reached record highs this year, with nearly 1.3 million openings available in the first quarter of 2022. And thanks to the pandemic shifting the way people view work; prospective employees are clear about what they want from an organisation. Fair pay is still most important and the driving factor for recruitment – particularly as the cost-of-living continues to rise – however flexible working has become just as crucial to retaining and hiring new staff. But what else do employees value in 2022? What are the…

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Oct 07 2019
unlimited holiday policy

6 pros and cons of an unlimited holiday policy

By Employee Benefits, Holiday Pro-Rata

Unless you’ve been living under a rock for the past year or so, you’re probably aware of a new holiday policy that companies such as Netflix, LinkedIn and Virgin are introducing, where employees get unlimited holiday entitlement. The idea is that the organisation trusts each employee to manage their own leave requests and to take as much or as little as they want, when they want it. No tracking, no allocated days, just take a holiday when you want to. It may sound like a joke… but it isn’t. Could this new idea really be introduced into every organisation? Would…

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Jul 18 2017

Annual Leave – 5 Ways to Manage Summer Holiday Requests

By Absence Management, Employee Benefits

The big issue of annual leave requests in the Summer. The summer is finally here, British Summer Time has already begun, and schools and colleges across the country are now on the countdown until the big summer break. That’s great if you work in the academic sector and have an academic calendar, but what about the thousands (if not millions) of businesses who don’t? Annual leave requests for July and August (other than Christmas) significantly increase. Parents juggling childcare are usually first to hand in their requests with many colleagues soon following – simply because it’s summer! So how do…

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Jan 08 2015
NB Employee Benefits

How to Benchmark Employee Benefits

By Employee Benefits

Your boss has set you the task of reviewing your organisation’s employee benefits package and benchmarking it externally to see how you compare against the market. If you haven’t undertaken an exercise like this before it might seem a little daunting, but in this post, I am going to share a few ideas on how you can obtain some external data for use in benefits benchmarking. What is Employee Benchmarking? Employee benchmarking is the process of setting standards and expectations for an employee’s work.  These benchmarks are then often used during performance evaluations, pay reviews and can be used to…

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Dec 01 2014
Total Reward Statements

Total Rewards Statements

By Employee Benefits

What are Total Rewards? The reward is typically connected with financial rewards such as pay and benefits as opposed to non-financial rewards. When financial and non-financial rewards are used in conjunction with each other this is referred to as total rewards. The Total Rewards principle takes into account everything an employee values from their employment relationship. This not only includes monetary benefits but also rewards such as achievement, growth and the work environment. What are Total Rewards Statements? Put simply, a brief report of an employee’s complete benefits package provided by their employer. What to include in Total Rewards Statement?…

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