Let’s take a look at 10 of the obvious manifestations of that:
Any of this sound familiar, it should. How do you think your employees feel about it all, do you have the faintest idea?
This has been a time of firsts. When did they first work from home? When did they first go on a Zoom meeting? When did they start using contactless payments? Did they download a banking app for the first time? When did they use a telemedicine doctor for the first time? Did they decide not to seek help for a medical issue for the first time?
Everything has changed. And benefits should and will. Benefits spends will have to change. The definition of wellbeing has changed. Yoga sessions and a bowl of fruit isn’t wellbeing.
Pathways to medical treatment will have to evolve very quickly with the pent-up demand that there is going to be.
As they manifest themselves, mental health problems will have to be addressed along with new issues such as return to work.
Financial worries are here and going to increase.
How does the benefits package you offer align with that? What help is it going to be? What spend has become redundant? What benefits haven’t been used in lockdown and why?
Where’s your data? And do you even try to look at ROI or is the question simply too important.
Spend will be limited and important over the coming years, as reality bites, make sure that you spend the budget on what counts most.
Keep your benefits smarter.
Going back to the CIPD Reward Management- Focus on Employee Benefits Survey (in conjunction with LCP- …Read More
This is a subject that I could write several articles on, and probably will. It’s an HR hot topic, it could be argued …Read More
Very interesting this week to see some of the announcements in the pensions arena. Corporate Adviser magazine reports …Read More
All over the world, there are companies expanding into new and exciting markets every day. The new breed of employer in …Read More
As I march towards it myself, government figures out last week show that there are a record number of over 50’s now …Read More