Connect with us

News

EMPLOYEES LEAST LIKELY TO CALL IN SICK IN MAY. EXCEPT SPIKE DAYS AFTER THE BANK HOLIDAYS

e-days’ advice to avoid the next Bank Holiday absence peak

Employers need to watch out for absence after the next Bank Holiday, warns e-days.

Data taken from a subset of 500 UK employers using its absence management system shows that May is generally a low sickness absence month – with just 38.6 average sick days recorded. However, last year, on the Tuesday after the early Bank Holiday Monday this spiked to 61.1 absences and it went even higher on the Tuesday after the late May Bank holiday, when 66.9 was the average recorded.

According to e-days’ new Workplace Wellbeing guide undertaken in association with Perkbox, Europe’s fastest growing employee experience platform, people are least likely to call in sick in May because it’s a generous month for Bank Holidays, helping people unwind and relieve pressures of work.

Clare Avery, head of HR for e-days, explains: “If the poor weather in winter months contributes to more sickness absence, the generally nicer weather with brighter sunshine in May helps people feel physically and mentally better, helping create the lowest month for sickness absence. Many people, too, tend to take their holidays in the summer months, so they have things to look forward to also which also relieves the pressures of work. But employers do need to be aware of the days post bank holiday Mondays”.

To improve workplace wellbeing and reduce absence, e-days suggests understanding the reasons behind absence: 

  • Keep on top of absence stats: Clear reporting helps employers to understand their specific absence trends. Understanding data, employee demographics and behaviours means its possible to make strategic actions to support employee wellbeing and reduce absence costs.
  • If absence data is showing Bank Holiday blues are a problem in your business – and it’s not surprising as it impacts the most loyal employees’ determination and motivation – it’s worth considering an engaging welcome back incentive, something fun and lively. Why not set up a competition prize for the best or funniest Bank Holiday activity, free coffee or doughnuts, or a team prize for least amount of absences?
  • Return to work interviews: If an employee took time off for stress-related reasons, talk to them when they return to work. Ask them for their thoughts on the source of the stress, to understand if it’s possible to help.
  • Make flexible working possible: If employees can do their jobs remotely, let them. Remote working means less time and money spent on stressful commutes, and more time spent in an environment where employees can feel comfortable. Remote working also means that employees won’t miss any days when the weather’s too extreme for them to safely travel.
  • Don’t let work get in the way of life: Offer generous leave for new parents. Make it clear that you’ll be willing to accommodate employees if they need to take time off, for whatever reason – from new born babies to dental appointments.
  • Discourage overwork: Don’t pressure employees into working too hard. Make it clear that all work should stop at finish time. If a particularly tight deadline or demanding project demands extra time, offer TOIL, so that employees can make up the time elsewhere. Overtime should always be the exception – it’s not normal, and it shouldn’t be expected. 
  • Remove common sources of workplace stress: Mental health specialists Verywell Mind put together a list of some of the biggest causes of stress in the workplace. For instance, many employees feel stressed because it’s unclear what exactly what’s expected of them. So make everyone’s job responsibilities, and business expectations, as clear as possible. If anyone’s job requirements are going to change, make sure the changes are signposted, in writing, as early as possible.

Download the e-days Workplace Wellbeing guide in association with Perkbox here.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

EIS LAUNCHES IN THE UK AS INSURANCE COMPANIES LOOK BEYOND PROTECTION TO DELIVER MORE VALUE TO CONSUMERS

Leading digital insurance platform expands global footprint to meet UK insurance market demands

EIS, a core and digital platform provider for insurers, today announces its entry to the UK market. The San Francisco-based insurtech has launched its coretech platform in the UK to help insurers offer a new generation of insurance products and services, in response to changing consumer habits and an evolving regulatory landscape.

“For the Insurance company of the future, providing the right cover and good service to policyholders are table stakes,” says Tony Grosso, Head of Marketing at EIS, “The real winners will be those who can move beyond protection and operate in an ecosystem of value with other, non-insurance providers.”

In fact, a recent EIS poll of UK insurance providers and insurtechs showed that 1 in 3 respondents identified “moving beyond protection to deliver more value to customers” as the most important objective for the insurer of the future.

In response to the wave of innovation in the UK insurance sector, 75% of insurers are leaving legacy technology behind in favour of more dynamic and flexible ‘as a service’ models. EIS aims to help UK carriers with the introduction of its coretech platform, which unlike modern legacy technology, allows insurers to rapidly create and deploy new and innovative products and services via open APIs. This new, flexible platform allows insurance companies to operate seamlessly with insurtechs and other providers to deliver lifestyle solutions beyond protection to consumers.

With customers at the heart of the EIS platform, insurers globally can now take a personalised approach to their customer experience by recognising and engaging customers as a whole, across all their insurance needs, rather than individual policy numbers.

“The agility and flexibility of the platform will be invaluable to UK insurers as they look to adapt to and sync regulatory changes post-Brexit and the demands of the market,” says Tony. EIS is already helping forward-thinking insurance businesses in EMEA, North America and APAC.

“As we enter the UK market we see high demand for innovative approaches to insurance. More so than other markets, in fact,” said Olivier Vayesse, Senior Vice President, EMEA at EIS. “EIS been resourceful in responding to this demand. One example is a local initiative where we are  developing an intelligent digital ecosystem  to enable insurers  to take a more radical approach to transformation, offering a greenfield platform for transitioning away from legacy technology.”

“EIS is committed to expansion in the UK market, creating jobs and revenue opportunities, in conjunction with our partner program,” Olivier continued.

 

Continue Reading

News

TINK TECHNOLOGY ENABLES MULTI-BANKING FOR NORDEA’S NORDIC APP CUSTOMERS

Tink’s account aggregation, data enrichment and personal financial management technologies have been integrated into Nordea’s mobile banking app to deliver a personalised financial overview for the bank’s customers in Sweden, Norway, Finland and Denmark. The new app features will be rolled out gradually by Nordea in the Nordic markets — starting with Sweden, today.

 

Open banking platform Tink and the leading Nordic bank Nordea have worked together to add new multi-banking features to Nordea’s mobile banking app. The new features will make it possible for Nordea’s app users to get a comprehensive overview of their finances in one place, including mortgage, savings, loans and current account — even from other banks.

From today, these new features will be available to customers in Sweden using Nordea’s app, with the same capabilities due to launch in Norway, Finland and Denmark in the coming months. Additional features based on Tink’s open banking technologies — including the possibility for Nordea’s app users to categorise costs, analyse their spending and set budgets— will be added to the app later this year.

 

Anders Nicander, Head of One Digital, Nordea, said: “Nordea is dedicated to providing great digital experiences, and we want to be seen as a relevant partner to our customers. As part of that, Nordea is happy to see that our customer experience in the Nordea Mobile App is improved through our collaboration with Tink. Providing Swedish customers with a more complete financial overview is our first delivery together with Tink. Now we look forward to bringing this to our other markets and at the same time develop other exciting functionalities based on Tink technology.”

 

Daniel Kjellén, co-founder and CEO of Tink, added: “Our open banking technology has already helped millions of bank customers across Europe to get a better overview and understanding of their finances. We are very proud to now make our technology available to almost 11 million bank customers in Sweden, Norway, Finland and Denmark through our partnership with Nordea.”

Since launching in Sweden in 2012, Tink has been dedicated to enabling banks, fintechs and startups to develop data-driven financial services. Through one API, Tink allows customers to access aggregated financial data, initiate payments, enrich transactions and build personal finance management tools. Today, Tink has more than 270 employees globally and is Europe’s leading open banking platform — enabling customers to connect to more than 2,500 banks that reach over 250 million bank customers across Europe.

Continue Reading

Magazine

Partner Events

Trending

Finance1 day ago

FIXING THE FLAWS IN FINANCIAL SERVICES’ DATA MANAGEMENT

Simon Cole, CEO at Automated Intelligence, a cloud-based data compliance and governance solutions provider to the financial services sector, warns FS...

Business4 days ago

FROM MANUAL TO MACHINE LEARNING: HOW TO APPROACH THE RECONCILIATION ‘PROBLEM’

By Christian Nentwich, CEO at Duco   At the start of 2020, before the global coronavirus pandemic changed the world,...

Finance4 days ago

5 WAYS TO MAXIMISE THE VALUE OF INSTANT PAYMENTS

Lauren Jones, International Payments Ambassador, Icon Solutions   Instant payments are the ‘new normal’. The last decade saw a ramp-up...

Business4 days ago

THE BEST PATHS TO SECURE AUTO FINANCING IN 2020

The previously flourishing economy has taken some dramatic turns in the last few months due to the health and economic...

Top Stories5 days ago

TIPS FOR BUSINESS EXPANSION

Alan Sutherland, CEO of Kind Consumer   Every successful business had a beginning.  Its founders usually looked for ways to...

Finance5 days ago

THREE QUESTIONS FINANCE LEADERS SHOULD BE ASKING THEMSELVES DURING THE PANDEMIC

Chris Pope, Global VP of Innovation at ServiceNow   We’re living through unprecedented times, dealing with a situation completely out...

Wealth Management5 days ago

HOW WILL COVID-19 IMPACT ESG INVESTING LONG-TERM?

By Kerstin Engler, Senior Wealth Manager, Geneva Management Group.    Sustainability is a trend on the rise in every sector...

News5 days ago

EIS LAUNCHES IN THE UK AS INSURANCE COMPANIES LOOK BEYOND PROTECTION TO DELIVER MORE VALUE TO CONSUMERS

Leading digital insurance platform expands global footprint to meet UK insurance market demands EIS, a core and digital platform provider...

News7 days ago

TINK TECHNOLOGY ENABLES MULTI-BANKING FOR NORDEA’S NORDIC APP CUSTOMERS

Tink’s account aggregation, data enrichment and personal financial management technologies have been integrated into Nordea’s mobile banking app to deliver...

Top Stories7 days ago

BITCOIN COMES OF AGE

Katharine Wooller, Managing Director, UK and Eire, Dacxi   The Bitcoin halving event, which occurred on the 11th May, has...

Finance7 days ago

KEEPING PAYROLL SAFE AND SECURE IN LOCKDOWN” – HOW FINANCE FIRMS’ PAYROLL TEAMS CAN MAKE IT HAPPEN

by Richard Dutton, account director, Symatrix   With companies across the UK switching to remote working since the pandemic took...

News7 days ago

EMERGENCE PARTNERS LAUNCHES TO HELP BUSINESSES NAVIGATE A NEW WORLD OF EMERGING TECHNOLOGY

Consulting firm will partner with clients to transform their businesses using disruptive technologies   Emergence Partners, has today launched to provide strategic counsel...

Technology1 week ago

BEFORE THE INK IS DRY: CORRECTING BIOMETRIC SPOOFING MYTHS

Eric Setterberg, System Design Engineer at Fingerprints Biometric authentication is highly robust, and the latest solutions offer considerably greater security...

Finance1 week ago

DIY SOS: FIXING-UP THE FINANCIAL SERVICES HOUSE

By Edwin Abi, CMO, Modulr   It has been 11 years since the 2008 financial crisis. And in that time,...

Finance1 week ago

ARE WE AT THE TIPPING POINT FOR GLOBAL BIOMETRIC PAYMENT CARD ADOPTION?

By Vince Graziani, CEO of IDEX Biometrics ASA   Following the coronavirus outbreak, consumers are ready to go cashless more...

Wealth Management1 week ago

KEEPING DATA IN THE VAULT: INSIDER BREACH RISK IN FINANCIAL SERVICES

by Tony Pepper, CEO. Egress   Financial services organisations are trusted with far more than just money; they are also responsible...

Top Stories2 weeks ago

MOBILE MONEY MOVED THE NEEDLE ON FINANCIAL INCLUSION – BUT NEEDS SCALED INFRASTRUCTURE TO FULFIL AFRICA’S POTENTIAL

Dare Okoudjou, Founder and CEO, MFS Africa   Africa is gearing up to become of the great success stories of...

News2 weeks ago

WHAT WILL SALES LOOK LIKE IN A POST COVID-19 WORLD?

Max Eaglen, Director at Platform Group, looks at how businesses will need to re-shape their sales techniques in a post COVID...

Business2 weeks ago

HOW HAS THE CORONAVIRUS LOCKDOWN IMPACTED THE MANUFACTURING SECTOR?

As thousands of people have headed back to work, the manufacturing industry will need to have safety guidelines set out...

Technology2 weeks ago

CAN AUTOMATION HELP BUSINESSES GET PAID ON TIME?

By Magali Michel, Director at Yooz   Procurement process costs account for an average of 60% of turnover for most...

Trending