Employees would give up a higher salary if it meant they could work for an employer that regularly thanks its employees for their efforts. Nearly three quarters workers stated that employee benefits were more attractive than a pay rise, with 71 per cent preferring to work for an employer that offered an effective benefits and rewards package, than take a job with a higher salary. The research conducted by One4all rewards, found that improved benefits can increase an employee’s loyalty to the company, with 68 per cent of those surveyed stating that being regularly thanked for their efforts would be rewarded with loyalty to their employer, and 34 per cent claiming they would be very unlikely to leave a position if they were shown regular appreciation and praise. In addition, a work place that failed to offer or show appreciation for staff members would fail to attract new employees – as 17 per cent stated they would turn down a job offer if no employee benefits were in place.

More →

More than a million people over 50 have been pushed out of the workplace a new report from The Prince’s Initiative for Mature Enterprise (PRIME) has revealed. Up to 1.5 million people aged 50-69 “involuntarily” left employment over the last eight years due to a combination of redundancy, ill health or “forced” early retirement. Of these, 1.1 million people would be willing to work. Yet if the employment rate of this 50–64 age group matched that of the 35–49 age group, it would boost UK GDP by £88 billion (5.6%). The report: ‘The missing million: illuminating the employment challenges of the over 50s’ was produced by PRIME, now part of Business in the Community, in collaboration with The International Longevity Centre (ILC), the leading think tank on longevity and demographic change. The report explores the employment challenges facing older workers and calls for urgent action from policy makers and employers to ensure that people over 50 remain in the labour market, for example through flexible working and retraining. More →

The Government must comprehensively reform its strategy if it’s to tackle the barriers that remain for many businesses in implementing health and wellbeing programmes. This is the message from the Health at Work Policy Unit’s first paper which was launched yesterday (21 October 2014) by Lancaster University’s Work Foundation at an event featuring Professor Dame Carol Black and Professor Sir Cary Cooper. The Way Forward: Policy Options for Improving Workforce Health in the UK examines why a large number of businesses have continued to neglect health and wellbeing given the strong business case and identifies the barriers facing employers at three main stages: planning, implementation, and evaluation of these policies. However, according to the lead author, Dr Zofia Bajorek, these barriers can be overcome by developing a health and wellbeing strategy which illustrates the potential for competitive advantage, investing in and executing evidence based outcomes which must then be measured and reported.   More →