• Overcoming the employee engagement challenge

    How can you improve your benefits and meet the needs of increasingly tech-savvy, time poor employees who expect consumer-grade communication?

    Research now demonstrates that poor employee engagement is directly linked to reduced corporate profitability1and that the associated consequences are significant:Benefits can play an important role in driving employee engagement, but with only 43% employees appreciating the benefits they receive5, many employers are facing a number of major challenges:

    • Improving the understanding and awareness of existing benefits
    • Supporting the needs of a diverse and multigenerational workforce
    • Improving the overall employee experience
    • Balancing ‘live for today’ with ‘plan for tomorrow’
    • Dealing with stress and mental health
    • Introducing wellness and preventative health initiatives
    • Establishing Financial wellbeing and education

    Added to these is a growing recognition that benefits technology needs to be more agile, relevant and user-friendly6. Employers want to keep pace with increasingly tech-savvy, time poor employees who expect consumer-grade communication. But experiences with benefits technology are mixed and many employers cannot justify the costs.

    Introducing PIB BenefitSpace – a truly innovative and cost-effective solution

    Using proven market-leading technology, BenefitSpace is a unique solution combining a free Benefits Communication platform and Discount Portal within our full-service Employee Benefits consultancy.

    Click here for our animated guide

    For more details, please contact Paul Nelson

    Phone: 07398 505 962

    Email:paul.nelson@pib-insurance.com

    PIB Employee Benefits is a trading style of PIB Risk Services Limited. PIB Risk Services Limited is authorised and regulated by Financial Conduct Authority. Firm Reference Number 308333. PIB Risk Services Limited is registered in England & Wales. Company registration number 02682789. Registered Office: Rossington’s Business Park, West Carr Road, Retford, Nottinghamshire, DN22 7SW

    Part of the PIB Group

    1. Employee Satisfaction and Corporate Performance in the UK, Norwich Business School, University of East Anglian, Feb 2018 https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3140512
    2. Hays Group, Employee Disengagement Costs U.K. £340bn Every Year

    https://www.haygroup.com/se/press/details.aspx?id=35838

    1. Investors in People, Job exodus trends, 2017

    https://www.investorsinpeople.com/sites/default/files/IIP%20Job%20Exodus%20Trends%20-%202017%20employee%20sentiment%20poll.pdf

    1. Talent for Growth, The Hard cost of Disengagement

    https://www.talentforgrowth.com/engagement/disengaged-employees

    1. Willis Towers Watson, Global Benefits Attitudes Study 2017

    https://www.willistowerswatson.com/-/media/WTW/PDF/Insights/2017/11/2017-global-benefits-attitudes-survey.pdf

    1. Employee Benefits/ Staffcare Research May 2017

    https://www.employeebenefits.co.uk/issues/benefits-research-2017/employee-benefitsstaffcare-benefits-research-2017/

     

    AUTHOR

    Stuart O'Brien

    All stories by: Stuart O'Brien

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