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Financial wellbeing support is not a top priority for employers

Employee Benefits

Supporting employees with cost-of-living issues is rated as eighth on employers’ corporate agendas, while financial wellbeing comes in twelfth, according to research by Close Brothers. There is also a mismatch between the benefits desired by employees and those offered by employer respondents.

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Wellbeing and flexibility are the keys to workplace success

Workplace Insight

A new poll from BSI claims that employee health and employer flexibility are key elements to harness a future age-diverse workforce. Asked to rank priorities for policy action respondents backed tax breaks to encourage employers to invest in employee health and well-being.

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What will employee motivation look like in 2024?

Employee Benefits

From ongoing talent shortages and retention challenges to changing working patterns and the current move to lure hybrid and remote workers back to the office, one thing is certain; motivation, recognition and reward will be key for employers. Wellbeing ticks both boxes.

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3 Ways Financial Stress Impacts Different Generations

Best Money Moves

3 ways financial stress impacts different generations. Learn more about how financial stress can vary across generations — plus what you can do to dial down your employees’ financial worries. After all, the financial needs of a Gen Z employee are going to be different than those of Baby Boomer.

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How can employers help staff avoid burnout while managing productivity?

Employee Benefits

Having regular conversations about mental health with employees, understanding more about the reasons behind burnout, and highlighting what support is available, is key. One way to support the mental health of affected employees is to encourage them to take time off and, on a day-to-day basis, ensure they take breaks at regular intervals.

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How employee feedback can inform a benefits strategy

Employee Benefits

Employee insight Employee surveys are still considered an excellent way of assessing employee sentiment, but as Sam Lathey, CEO of financial wellbeing platform Bippit points out, it is important to have some guardrails in place. People need to feel safe to answer questions honestly.

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Top tips for boosting employees’ pensions knowledge 

Employee Benefits

Need to know: Employers can tailor content and communication channels to different employee groups to help with their pensions knowledge. They could invest in financial coaching for a more personal approach to pensions education. Losing the jargon will make the language of pensions easier to understand and more relevant to staff.

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