All Financial wellbeing articles
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Article
Exclusive: Lendlease launches financial wellbeing support for employees
Source: From Lendlease Integrated real estate business Lendlease has launched financial wellbeing support for its 900 employees to help with their financial education. The platform, which is provided by Bippit, offers the employer’s staff access to professional coaches with Financial Conduct Authority-recognised qualifications, which are unlimited, and ...
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Article
64% do not think the real living wage increase goes far enough to support staff
Source: From Shutterstock Employee Benefits poll: Just over two-thirds (64%) of employers do not think that the real living wage increase to £12.60 an hour goes far enough to support employees, according to a survey of Employee Benefit readers. Nearly one-third (32%) of respondents said that they ...
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Analysis
How to create an effective pension communications strategy
An effective communication strategy acknowledges that members are at different stages of their lives and careers, and, therefore, process information differently.
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Case Studies
This Is It Marketing offers a range of communication channels to engage staff with pensions
Marketing agency This Is It Marketing was founded in 2020. Headquartered in London, it has offices in Portugal and North America and employs 62 employees. The organisation offers a defined contribution pension scheme, into which employees are automatically enrolled and benefit from a 5% contribution from the ...
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Article
Go North East receives real living wage accreditation
Credit: ML Robinson / Shutterstock.com Go North East has received real living wage accreditation from the Living Wage Foundation as part of its commitment to fair pay. The organisation operates buses in County Durham, Cumbria, Northumberland, North Yorkshire and Tyne and Wear. As part of its commitment, ...
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Article
Preston City receives real living wage city accreditation
Source: Credit: Preston City Council The city of Preston in Lancashire has received real living wage city accreditation from Living Wage Places as part of its commitment to support employees in the area. A celebration to showcase it becoming a real living wage city was held ...
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Case Studies
Podcast: Hotelplan incorporates benefits into sustainability strategy
Audio: Podcast: Hotelplan interview Listen: Tour operator group Hotelplan places sustainability at the heart of its business strategy. In this episode of the Employee Benefits podcast, Nicky Lyle, group HR director, talks about how the organisation encourages sustainable lifestyles through its benefits strategy and corporate culture. ...
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Case Studies
The benefits offered by Hotelplan
The benefits on offer to employees at Hotelplan Pension A group personal pension (GPP) scheme for all staff who meet auto-enrolment criteria. Employees aged under 22 can opt in. The standard contribution rates are 4% employee and 4% employer. Group risk Employer-paid ...
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Article
Autumn Budget 2024: Employer national insurance contributions (NICs) to increase to 15%
Autumn Budget 2024: The government is to increase the rate of employer national insurance contributions (NICs) by 1.2 percentage points to 15% from 6 April 2025. This will mean employers will have to pay 15p in NIC for every £1 paid to an employee. In addition, the ...
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Article
Gender pay gap for full-time employees stands at 7%
The gender pay gap for full-time employees stands at 7%, down from 7.5% in 2023, according to the latest analysis by the Office for National Statistics (ONS). Its Annual survey of hours and earnings report found that among all employees, the gender pay gap decreased to 13.1% ...
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Article
National living wage to rise by 6.7% in April 2025
The government is to increase the national living wage by 6.7% from April 2025. Chancellor of the Exchequer Rachel Reeves has announced the rate will rise from £11.44 to £12.21 an hour, which will be worth £1,400 a year for an eligible full-time worker. It is part ...
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Opinion
James Townsend and Elizabeth Coyle: Dealing with equal pay tribunals
On 22 August 2024, an employment tribunal held that Next discriminated against more than 3,500 female store staff by paying them lower hourly wages than male warehouse operatives. Sales consultants received lower pay of up to £3 per hour, meaning their average annual salary differential was more ...
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Article
Exclusive: 4% of employees look to employer for financial support
Exclusive: Just 4% of employees would approach their employer for financial support, and most would rather rely on family, partners or Google, according to new research by financial wellbeing firm Bippit. The Inclusion Edition 2024, part of Bippit’s Dynamics in Financial Wellbeing research programme, found that a third (30%) of ...
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Article
Exclusive: Wolseley and The Big Word Group to discuss wellbeing at Employee Benefits Live 2024
Wolseley and The Big Word Group will present a session on financial, mental and physical wellbeing on the second day of Employee Benefits Live 2024. The session, titled The holy trinity of financial, mental and physical wellbeing panel, is part of the financial wellbeing stream and will ...
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Article
JCDecaux and British Film institute implement home-heating perk for staff
Source: Shutterstock Employers JCDecaux and the British Film institute (BFI) have introduced a new home-heating benefit scheme for their employees. Provided by Heat Scheme, the benefit programme helps employees reduce their energy bills and carbon footprint. JCDecaux, the advertising firm, and the BFI can provide interest-free loans ...
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Article
Exclusive: Interlinking financial, mental and physical wellbeing can ensure support is well-rounded
Employee Benefits Live 2024: It is beneficial to ensure financial, mental and physical wellbeing are all interlinked in order for employers to offer a range of appropriate employee support, according to Wolseley and The Big Word Group. During a session titled The holy trinity of financial, mental and physical wellbeing ...
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Article
Median pay award remains at 4% for three months to August
The median pay increase across the economy remained at 4% in the three months to August 2024 after falling from 4.8% in June, according to the latest figures from Incomes Data Research (IDR).
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Article
NEU teachers in England accept 5.5% pay rise
Teachers who are members of the National Education Union (NEU) in England have voted to accept the government’s pay award of 5.5%.
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Article
59% of UK millennials struggle to save for retirement due to life stage
Six in 10 (59%) UK millennial employees have admitted that their current life stage means they struggle to save for retirement, compared to 48% of Gen Z and 39% of Gen X staff.
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Article
Banyan Software introduces employee relief fund
Enterprise software firm Banyan Software has introduced an employee relief fund to its benefits package for employees who are going through extreme hardship. An employee is eligible for the fund if their primary residence is destroyed or unlivable due to a natural disaster, fire, or flood, and ...