In my role as CEO of Benefex, I often get asked questions like “surely with all of the data you have you can just predict what employees can or will do?”
Benefex's Chief People Officer, Kathryn Kendall, writes on the taboos and prejudices still prevalent around the working parent.
At Benefex, we’ve been helping our clients deliver financial wellbeing initiatives to their employers for years. We helped build the first employee financial education tool of its kind for Barclays, and we’ve even launched an ecosystem of FinTech aimed at improving employees’ overall financial wellbeing.
We'd like to introduce you to one of our incredibly talented women: Kirren Dharamsi has been at Benefex for three years now, and is one of the super clever people who works in our Product Development team.
I was asked what I thought the biggest technology-driven changes in financial services would be, and how they would impact employers and employees alike. While everything about the world around us is changing at pace, there is one area in particular which sticks out like a sore thumb: insurance.
Why are we so obsessed with the term ‘Millennial’? What exactly does it mean? And why is everyone inside and outside of this group so dismissive of the term? Businesses must find a way to refer to their colleagues as individuals, or they’ll start to lose out when recruiting talent.
Benefex has partnered with Tusker, offering access to a fully integrated Car Salary Sacrifice benefit through its Marketplace.
When it comes to Financial Wellness, there is a huge focus around the National Minimum Wage and National Living Wage, and rightly so. However, Financial Wellness remains just as critical to employees who are perhaps the highest earners in your organisations. All your employees have financial commitments and pressures.
At Benefex’s recent Winter Client Forum, I was part of a panel debate, to give our views on how diversity and inclusion is impacting the workplace, and how it will continue to do so this year. A particularly hot topic was the issue of the gender pay gap.
Benefex’s Chief People Officer, Kathryn Kendall, and Director of Ecosystems, Gethin Nadin, are both well-placed to comment on diversity within the workforce, within the employee benefits industry, and within Benefex itself. So, we’ve brought them together to give each of their points of view when it comes to diversity.
It’s a long-held view that work, and the mental challenges it presents us with, is good for our wellbeing. It keeps us cerebrally challenged and mentally active. However, as with anything, there is a tipping point at which too much challenge and pressure can start to damage the wellbeing of our colleagues, and ultimately, the organisation.
Some benefits trends you need to be aware of for the year ahead, and some upcoming new benefits which could help you win that “war for talent”
Professor Paul Lefrere is Vice President of Innovation Strategy at Strategic Bridge, who provide optimal strategies and solutions to their clients by gathering business intelligence needed to anticipate challenges.
It’s the most wonderful time of… Oh, you get the idea.
Like many within the employee reward sector, we at Benefex were intrigued by the outcome of the Autumn Statement. Many were quick to conclude that the employee reward sector was on the edge of an apocalyptic event. As the dust settled, though, it became apparent that many of the most sought-after benefits would remain unaffected.
As employees, we love to be appreciated. Even those of us who love our job for what it is, we still like to get that pat on the back every so often to acknowledge that we’re doing it well.
On 22nd November, Benefex attended the 2nd REBA Innovation Day at the wonderful St. Pancras Renaissance London Hotel. This time around, we focused on how technology is driving change in reward. As always it was great to re-connect with so many reward and HR professionals, as well as meet new ones.
On Tuesday 22nd November 2016 Benefex proudly sponsored REBA’s Innovation Day. The day looked to examine the exponential growth in data analytics and technology, and how that is affecting the way the HR industry manages reward and benefits.
'Gamification' may be a term you’ve heard banded about in recent years. It means taking typical elements of game-playing (e.g. point scoring, competition, rules of play etc.) and applying them to the real world, including the world of work...
The Lifetime ISA has been referred to as the government’s “silver bullet” when tackling the two main savings challenges of buying a new home, and contributing to a pension. You’re busy; you need a summary of what it is, what it does, and what you need to be aware of. Luckily, we’ve done just this.
Author and web psychologist, Nathalie Nahaï, will be hosting our Key Note address at our Winter Client Forum in early 2017. We can’t wait for her to share her expertise on the world of web psychology, and see how we can apply her insights to the world of employee reward and benefits.
Across the globe, the attention of business leaders is turning to the budget for the next financial year. This will no doubt feature much head-scratching and pencil-sharpening to achieve the right number. Confronted by financial constraints which are an ever present, the question is one of priorities.
For many employers, the decision by HMRC to launch a consultation into the salary sacrifice regime, whilst not unexpected, is an unwelcome distraction at a time of significant flux.
Halloween isn’t the only scary thing about working in HR. Even fearsomely awesome personnel folk get frightened sometimes…
As many of you know (or you might just be finding out now) the clocks go back this weekend. Along with this sudden reduction in daylight, Seasonal Affective Disorder kicks in for a lot of sufferers. Here’s what you can do as an employer to identify and alleviate the issues caused by SAD.
Helping employees with their financial worries, and how to avoid them, is not only the right thing to do, but it makes clear business sense. In September, I made my way to the (awesome) Benefex office for a webinar on how you can support your employees with financial education.
At the Benefex Client Forum in July, we were lucky enough to be joined by the wonderful Cathy Brown from Engage for Success. She shared her expertise on the world of employee engagement, and what she thinks it will look like in the future.
Christmas is nearly here! Well, kind of. Think of it as three – potentially four – paydays away. It’s really not that many when you consider you’re gearing up for the most expensive day of the year. Having said this, it is just one day. I hate to sound like Ebenezer Scrooge, but, is one day really worth ruining the first part of 2017 for?
When it comes to debt, mid- to low-income earners are hardest hit. The discomfort of not having much in the bank brings with it a tide of higher interest rates and increased bank charges – basically, financial punishments for not having enough money. The irony was not lost on myself and Daniel Shakhani, so we set up SalaryFinance.
Three months on from the ‘Brexit Earthquake’, it feels like the initial shock, questioning and soul-searching is now being replaced by a period of planning, says guest blogger and Co-Founder & Director of Nudge, Jeremy Beament.
What if you had a full-time day job and also had to train 30 hours-a-week in order to compete in the Olympics?
If you tuned into the Beeb during the Olympics, you probably heard a lot of comments along the lines of the athletes “breaking through barriers”, “showing great mental strength”, or being “in the zone.” A sportsperson’s mentality is just as important to their success as their physicality; so how do us mere mortals replicate this kind of motivation?
In the second of her tell-all series, Benefex HRD, Kathryn Kendall, gives us her advice on CV-writing. What to do, what not to do, and most importantly - proofread!
You may have noticed the recent Pokémon Go phenomenon... Here are some reasons why it's relevant to your working day.
At our client Summer Forum in July, we got to see some great talks which focused on the future of employee benefits, but what I’d like to take a look at is the present, and what neuropsychology can tell us about our colleagues and ourselves.
There’s been a lot of debate and research into the different generations currently in the workplace, and how their attitudes to work are shaping and evolving HR. So how do you accommodate the newest generations with very different wants and needs to their predecessors?
In the first of a warts-and-all series about all-things personnel, our resident HR Guru, Kathryn Kendall, takes a look at the importance of company culture...
Much has been made of the sensational upturn of ‘unlimited leave’. If you’re thinking of introducing it but don’t know where to begin, help is at hand. We’ve looked into the pros and cons of the unlimited policy (henceforth also known as ‘flexible leave’, because, let’s face it, you can’t just take every single day off…)
We’ve gathered together a selection of our favourite articles and blogs from the last few months, which give a few different views and nuggets of insight into the world of employee engagement…
Employee engagement is no longer an issue for HR departments alone. It’s landing on the desks of CEOs, coming up in board meetings and now, more regularly than ever, it’s featuring in the mainstream media.
Can a person’s mental state affect their financial wellbeing? As part of Mental Health Awareness Week, we’ve taken a deeper look into the psychology behind economic health.
User Experience (UX) design is crucial to the success of your employee benefits scheme, and you know more about it than you realise... honest!
On 13 April 2016, Benefex were accredited by the Living Wage Foundation and became a LWF employer.
On 26th April, the Reward and Employee Benefits Association (REBA) held their first Global Reward Directors Forum, and Benefex were there sponsoring the event and helping attendees with their global benefit needs. Director of Ecosystems, Gethin Nadin shares his thoughts on the day.
Over the last couple of years, Financial Wellbeing has made its way to the top of the HR agenda. What has traditionally been viewed as a sensitive and personal subject is now coming out onto a more public platform, and the responsibility of a person’s financial health is falling on more than just the individual’s shoulders.
Along with our friends at EY and Nudge, we hosted a webinar at the beginning of April which gathered together some of retail’s biggest names for a discussion around how you can engage your widespread and diverse workforce. In case you missed it, here are the best bits…
We prodded, probed, and persuaded 160 reward and employee benefits professionals to bare all about themselves, their thoughts on the industry, and also what they eat for breakfast. Because “it’s the most important meal of the day,” said every parent, ever.
We all know that happy employees are more engaged, more productive, loyal and take less sick days, but what makes an employee happy?
New-starter inductions represent the rather daunting, and often time consuming, process of taking a new employee through everything they need to know about the organisation they’ve just joined. Little wonder they don’t tend to be something everyone across the organisation is rushing to be involved in.
As experts in employee engagement, it’s important that we deliver the same great excellence to our employees as we do our clients. Driving this forward is our super HR Director, Kathryn Kendall.
When you’re at an event and someone you’ve just met asks ‘so, what do you do?’, do you respond by telling them your job title, or by explaining your role?
In May 2015 Workplace Savings & Benefits asked reward and benefit professionals whether they’re considering, or have started using data to analyse the effectiveness of benefits on their workforces...
At Benefex we know how important it is to give something back, which is why we regularly donate to our chosen charity, Naomi House - a hospice providing expert care to more than 280 children.
If you haven’t had a chance to see our office first-hand, here’s a sneak peek
When you pass through the doors of Olympia National on Monday 21st and Tuesday 22nd September, you’ll be joined by more than 2,000 of your HR peers...
Are you a Twitter pro, or new to the whole thing? Either way, these are the people and companies you should be following for their wise words in 140 characters or less
10 events you need to attend, including Employee Benefits Live, the FiNWELL Summit and the CIPD Annual Conference & Exhibition
Here to help you understand frequently used terms in reward and employee benefits
In order to drive engagement with your scheme, you need to reach every employee with a relevant message...
Did you catch our live webinar discussing salary sacrifice schemes and how to ensure employees are making the most of them? It was hosted by Gethin Nadin, Director of Partnerships, who was joined by industry experts...
Plus 5 bonus books!
We asked Benefex staff and clients; ‘what’s your favourite employee benefit?’
Research shows that at any one point, an average of 2/3 of the people working at your organisation don’t want to be there. At Benefex we know that reward and benefits can change that. But how?
We ran an experiment at Benefex HQ and with a little help from chocolate frogs, we found some interesting results
A sneak peek into what happened at the most recent Benefex Client Forum
Whilst M&S, Wolseley and ScottishPower are very different employers with their own objectives – they’re all celebrating successful schemes. Find out how...
Creating a compelling business case for employee benefits will help ensure the success of your scheme. To help you we’ve compiled a list of 10 points you should consider.
This year the Summer Forum is being held at The Roof Gardens in Kensington, with talks from experts across the industry, including...
Research shows that only 13% of employees around the world are actively engaged at work, and more than twice that number are so disengaged that they are likely to spread negativity to others
Whether you’re an employer or an employee, workplace wellbeing is incredibly important...
The 7 events you need to attend, featuring Reward Live, EB Connect and the HR Directors Business Summit...
Back in 2009 a very nervous Kim Harris applied for an administration job at Benefex, not knowing what to expect.
Following on from last week’s discussion, we take a look at the drivers behind implementing employee benefits, as discussed in the exclusive live webinar...
In an exclusive live webinar discussing ‘how to evaluate your employee benefits offering’, Owain Thomas, Editor of Workplace Savings & Benefits, was joined by a panel of industry experts...
What does this new “pension freedom” mean for you? We asked John Leavey, Head of Corporate Benefits at Benefex what he thinks…
Is your employee benefits scheme getting the take-up rates you hoped for? If not, you’re not alone.
Voluntary benefits offer employees a wider choice of discounts than ever before, and our research shows that there are significant savings to made.
The employee benefits industry is entrusted with so much personal data and we have a responsibility to safeguard it.
We shine a light on this well-used but rarely understood term and explain its importance.
It’s a costs and savings game, for everyone. Retailers, whether on or offline, strive to create efficiencies to reduce the cost of production, promote innovation to maintain their market edge, and sell more or higher priced products so they can watch their profits soar.
We’ve already looked at 10 easy ways to be a great employer, but as an employee there’s lots you can do too.
Gamification (like ‘engagement’) is starting to become one of those words that’s thrown around willy-nilly. Is it just another buzz word, or can it really help engage employees?
Doing things for other people not only gives us a warm fuzzy feeling inside, but it also encourages team spirit and helps out people in less fortunate circumstances.
The budget of March 2014 will go down in history as the one that re-wrote the future of retirement saving. These surprising changes to the way pension savings work should not only prove popular with the voters, but also mean a whole cultural shift in how employees view pensions.
We’ve been having some interesting discussions and debates around the Budget here in Benefex HQ. Here’s a little insight into what we think. Feel free to get involved in the debate in the comment section below.
Are you a great employer? How many of these can you tick off?
As the crowdsourcing search for the Malaysian Airlines plane goes viral, we look at what crowdsourcing is and how it can help you.
Forget the business to business approach. What you’re really doing is talking to people, right? Find out why you should start thinking along the lines of P2P (person to person).