The Future of Work: Elevate Your Workforce with Transformational Benefits

Join Saba Haran and Andy Roddie dive deep into the crucial topic of workplace pensions and the retirement savings gap we’re facing today.

In this episode, we explore the surprising statistics about retirement savings in Scotland and why many employees are struggling to secure a comfortable future.  From understanding how much employees should be saving to addressing the barriers they face—like low contribution levels and financial literacy—we cover it all.

Key Takeaways:

• Understand how factors like rising living costs and a lack of knowledge impact retirement savings.
• Discover actionable strategies employers can adopt to enhance employee engagement with pensions.
• Learn how financial education can bridge the retirement savings gap and empower a financially secure future.

Let’s start a conversation: What strategies have you found effective in promoting pension awareness and savings among your workforce? 

Listen now and empower your employees for a brighter tomorrow! #RetirementSavings #WorkplacePensions #Scotland #EmployeeBenefits

Howden Employee Benefits & Wellbeing Limited is part of the Howden Group. Registered in England and Wales under company number 2248238, with its registered office at One Creechurch Place, London EC3A 5AF. Authorised and regulated by the Financial Conduct Authority (Financial Services Register No. 312841). The Financial Services Register can be accessed through www.fca.org.uk

Join Saba Haran and Andy Roddie, as we tackle a crucial topic: How can we keep employees engaged, happy, and productive? 

We’ll discuss the stats that reveal just how much engagement matters—did you know that engaged employees are 17% more productive? We’ll also delve deep into bridging the communication gap around benefits and creating a culture that supports and motivates teams, especially in our new hybrid work environments.

📌 Key Highlights:

•  The direct link between employee engagement and organizational success
• Why communication about benefits is essential and how to improve it
• Strategies to strengthen culture in a hybrid work setting
• The vital role of well-being initiatives in retention and engagement

➡️ Check out the full report for more insights: https://eb.howdengroup.co.uk/howden-employee-benefits-in-scotland-2024-report
 
#EmployeeEngagement #HRInsights #Podcast #HybridWork #EmployeeWellBeing 

Howden Employee Benefits & Wellbeing Limited is part of the Howden Group. Registered in England and Wales under company number 2248238, with its registered office at One Creechurch Place, London EC3A 5AF. Authorised and regulated by the Financial Conduct Authority (Financial Services Register No. 312841). The Financial Services Register can be accessed through www.fca.org.uk

A staggering 74% of Scottish employers recognise the cost of living crisis as the biggest challenge their staff face today.

In their latest podcast, Saba Haran and Andy Roddie explore the challenges workers face, from escalating energy bills to rising food costs, and discuss what businesses can do to support their teams effectively.

We outline specific steps employers can take, like enhancing benefits packages, offering financial wellbeing programs, and fostering transparent communication.

#CostOfLivingCrisis #EmployeeWellbeing #Scotland 

Howden Employee Benefits & Wellbeing Limited is part of the Howden Group. Registered in England and Wales under company number 2248238, with its registered office at One Creechurch Place, London EC3A 5AF. Authorised and regulated by the Financial Conduct Authority (Financial Services Register No. 312841). The Financial Services Register can be accessed through www.fca.org.uk

In this podcast episode, Saba Haran and Andy Roddie from Howden's employee benefits team in Scotland explore the challenges businesses face in addressing employee wellbeing, particularly mental health. They discuss the significant financial toll poor mental health has on Scottish businesses—costing an estimated £2 billion annually—and delve into issues like absenteeism and presenteeism.

The conversation highlights three pillars of wellbeing: financial, mental, and physical, and emphasises the importance of tailoring support to diverse workforce needs. They also share survey insights, revealing that 76% of small and medium businesses lack adequate mental health support. The episode concludes with practical steps for employers.

The key takeaway: wellbeing is an ongoing journey that requires proactive and evolving strategies to support employees effectively.

Howden Employee Benefits & Wellbeing Limited is part of the Howden Group. Registered in England and Wales under company number 2248238, with its registered office at One Creechurch Place, London EC3A 5AF. Authorised and regulated by the Financial Conduct Authority (Financial Services Register No. 312841). The Financial Services Register can be accessed through www.fca.org.uk

In this podcast episode, Saba Haran and Andy Roddie discuss the evolving landscape of healthcare in Scotland, focusing on the challenges faced by employers, especially post-COVID. They highlight the growing shift toward private healthcare, even among smaller businesses, driven by NHS pressures and rising medical costs. 

The episode explores key issues such as increasing NHS wait times, the economic impact of employee illness, and the low perceived effectiveness of current healthcare benefits. Practical advice for employers includes reviewing healthcare plans, addressing benefit accessibility, leveraging data, and adapting to future healthcare trends like mental health services and digital care. 

Download the research here: https://eb.howdengroup.co.uk/howden-employee-benefits-in-scotland-2024-report

Howden Employee Benefits & Wellbeing Limited is part of the Howden Group. Registered in England and Wales under company number 2248238, with its registered office at One Creechurch Place, London EC3A 5AF. Authorised and regulated by the Financial Conduct Authority (Financial Services Register No. 312841). The Financial Services Register can be accessed through www.fca.org.uk

Employers are refining their benefits strategies to enhance recruitment, retention, and employee engagement.

With increasing pressure to transform organisations, benefits specialists are now key players in broader HR strategies. Their role in talent development, rewards, and wellbeing is crucial for retaining, engaging, and reskilling employees, driving business success in a highly competitive labour market.

The REBA/Howden Employee Benefits Benefits Design Research 2024 reveals that despite efforts to streamline, employers are planning significant initiatives focusing on communication, financial and mental wellbeing, and strategic technology transformation. Measuring effectiveness will be key to securing future investment through 2025.

As we look ahead, employers are poised to review, reallocate, and adjust their benefits to meet evolving needs. Even in a challenging economic environment, 91% of respondents plan to increase spending in at least one key area, underscoring the critical importance of benefits.

🎧 Tune in to a 10-minute podcast with Matthew Gregson, Executive Director, for a recap of the key findings from our 2024 research in partnership with REBA.

#EmployeeBenefits #HRStrategy #EmployeeEngagement #Wellbeing #TalentDevelopment #BusinessSuccess

Howden Employee Benefits & Wellbeing Limited is part of the Howden Group. Registered in England and Wales under company number 2248238, with its registered office at One Creechurch Place, London EC3A 5AF. Authorised and regulated by the Financial Conduct Authority (Financial Services Register No. 312841). The Financial Services Register can be accessed through www.fca.org.uk

Remember to pay attention to your workplace pension. One of the most notable trends in this year’s survey is the inactivity surrounding pension plans. Less than 10% of employers improved their pension offerings in 2023. While nearly 75% of respondents believe their pension plan is in good condition, only 10% think they've made a positive impact on retirement adequacy. Moreover, over 80% of employers admit they don’t assess the effectiveness of their pension plans in achieving good outcomes for their members. 

Join Matthew Gregson, Executive Director, for a 10-minute podcast based on our 2024 research in partnership with REBA

Howden Employee Benefits & Wellbeing is part of the Howden Group. Registered in England and Wales under company number 2248238, with its registered office at One Creechurch Place, London EC3A 5AF. Authorised and regulated by the Financial Conduct Authority.

Howden Employee Benefits & Wellbeing Limited is part of the Howden Group. Registered in England and Wales under company number 2248238, with its registered office at One Creechurch Place, London EC3A 5AF. Authorised and regulated by the Financial Conduct Authority (Financial Services Register No. 312841). The Financial Services Register can be accessed through www.fca.org.uk

Stay ahead of the rapid transformation in reward strategies. Once you've established a baseline for your program and have a clear understanding of costs and outcomes, leverage this insight to drive your strategic priorities. While many reward teams are focused on optimizing costs, a significant number of employers are pursuing transformative changes in communication, technology, and wellbeing programs—don't get left behind. Keep in mind, those who feel confident in managing their benefits spend are planning to invest in 2024-25.

Join Matthew Gregson, Executive Director, for a 10-minute podcast based on our 2024 research in partnership with REBA

Howden Employee Benefits & Wellbeing Limited is part of the Howden Group. Registered in England and Wales under company number 2248238, with its registered office at One Creechurch Place, London EC3A 5AF. Authorised and regulated by the Financial Conduct Authority (Financial Services Register No. 312841). The Financial Services Register can be accessed through www.fca.org.uk

In the past 12-18 months, many reward professionals and their businesses have faced unexpected cost pressures. This unique set of circumstances has underscored the necessity for robust processes to track spend and understand the factors and trends influencing costs.

Tune in to our 10-minute podcast to learn more about effective strategies for managing your expenses and forecasting costs with confidence.

Listen now and stay ahead

Howden Employee Benefits & Wellbeing Limited is part of the Howden Group. Registered in England and Wales under company number 2248238, with its registered office at One Creechurch Place, London EC3A 5AF. Authorised and regulated by the Financial Conduct Authority (Financial Services Register No. 312841). The Financial Services Register can be accessed through www.fca.org.uk

Understand What to Measure and Start Measuring It.

Assessing the status of your programme is crucial, but the real game-changer lies in measuring its impact on your people strategy. Whether it's engagement, wellbeing, or recruitment, having hard evidence of the impact (good or bad) your programme is having will be key to engaging stakeholders and driving the need for change.

 Why Improved Measurement Matters:

• Engagement: Understand how your initiatives are resonating with your team.
• Wellbeing: Track the tangible benefits of your wellbeing programmes.
• Recruitment: Gauge the effectiveness of your hiring strategies.

The best way to gain support for the changes you want is through solid, measurable data. Ready to dive deeper? Listen to our 10-minute podcast to get started on transforming your measurement approach! 

#PeopleStrategy  #StakeholderEngagement #HRMetrics #Podcast

Howden Employee Benefits & Wellbeing Limited is part of the Howden Group. Registered in England and Wales under company number 2248238, with its registered office at One Creechurch Place, London EC3A 5AF. Authorised and regulated by the Financial Conduct Authority (Financial Services Register No. 312841). The Financial Services Register can be accessed through www.fca.org.uk