Category Archive For "Employee Benefits"
Providing Childcare to Employees Through Flexible Benefits
Recent statistics from Statista reveal that the workforce comprises approximately 3.71 million (11.7%) Baby Boomers, 11.4 million (36%) Gen X workers, 12.2 million (38.6%) Millennials, and 4.3 million (13.6%) Gen Z employees. Gen X and Millennials collectively represent 74.7% of the total workforce. Assuming approximately half have families, about 40% of workers face family responsibilities. …
A Worker’s and Employer’s guide to the Employment Rights Act
On October 10, the UK Government released the long-awaited Employment Rights Bill, marking what it describes as the “biggest upgrade to rights at work for a generation.” With 28 significant reforms touching on key areas like dismissal protections, maternity leave, flexible working, and zero hour contracts, the bill represents a substantial shift in employment law. …
5 Ways Employers Can Support Employees With Menopause
Through flexible arrangements of health benefits, leave policies, and even office seating; employers can make the management of menopause symptoms much easier for their employees. Without proper support, employers are at risk of losing experienced talents who are at the top of their game. In this Pacific Prime UK article, we dive into the importance …
Edinburgh Tops the List of Happiest UK Cities to Work In: Key Factors Revealed
A recent study on workplace happiness has revealed Edinburgh as the happiest city to work in the UK, outshining London, which took second place, and Bristol, which came third. Conducted by Furniture At Work, the research examined multiple factors influencing workplace satisfaction, including salary, cost of living, and flexible work opportunities, to determine where employees …
59% of British Millennial Employees Struggle with Retirement Savings
Six out of ten (59%) British millennial employees have admitted they struggled with saving for retirement due to their life stages. Among these life stages are common challenges employees face such as parental leaves and childcare, homeowner responsibilities, or a career change or break. This Pacific Prime UK article will discuss the retirement saving struggle …
How Employers Can Help Working Parents with Benefits
Juggling both work responsibilities and parenthood can be a daunting experience for employees, leaving them feeling as if they’re not fulfilling either role at times. To remedy this, employers should seek to provide further benefits for parents and other guardians. Beyond parental leave, some other notable benefits could include childcare support and flexible working arrangements. …
Do We Need to be in the Office to Collaborate Effectively? – Research Said Not Necessarily
Physical proximity has been the core of strong team building and employee collaboration since time immemorial. However, new research from INSEAD suggested otherwise. With strong social proximity, employees can collaborate as effectively even when they do not share physical proximity. In this Pacific Prime UK article, we explore this changing office dynamics, how social connections …
Cyber Insurance Premiums Drop: Businesses Upgrade Security
According to a report, cyber insurance premiums are dropping globally as businesses strive to improve security in an effort to curb their losses from cybercrime, even amidst the rise of ransomware attacks. While cyber insurance premiums skyrocketed in 2021 and 2022 amidst the pandemic, premiums have been dropping in the past year. This Pacific Prime …
Layoffs Amidst the Strong Economy: What Can be Done
Despite the enigmatic employment scheme, employment data and market references look positive with major stock indices closing off May at record highs and low unemployment rates. Yet, we still see layoffs continue in the technology sector and many other industries. This Pacific Prime UK article will discuss the layoffs amidst the strong economy and key …
Designing a Successful Reskilling Program
Reskilling involves teaching employees new skills in hopes of improving proficiency in their current job or proceeding to a more advanced position. With constant advancements in technology or workplace arrangements for remote work, reskilling has become an integral part of the workplace culture. This Pacific Prime UK article will discuss reskilling programs, its benefits, why …