All Financial wellbeing articles – Page 10
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ArticleArriva Northumbria drivers and engineers receive pay increase
More than 300 workers employed by bus operator Arriva Northumbria have accepted a pay increase following an dispute over pay and conditions.The drivers and engineers, who are members of trade union Unite and are based at the Blyth and Ashington depots, have secured a 6.1% increase from this month. They ...
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ArticleThe top 10 most-read articles between 19 - 25 April 2024
The top 10 most-read articles on employeebenefits.co.uk between 19 - 25 April 2024 were: Autoglass and Burger King shortlisted for Best financial wellbeing strategy – large employerGovernment to review fit note systemMichelin guarantees global living wage and enhances parental and healthcare benefitsHays rolls out wellbeing support for UK and Ireland ...
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ArticleJust 35% of employees feel confident in choosing how to access their pension
Just over one-third of pension savers (35%) feel confident to make decisions such as choosing how to access their pension when they reach retirement age, according to research by workplace pension scheme provider TPT Retirement Solutions.Its survey of more than 2,500 defined contribution (DC) scheme members also found that a ...
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ArticleIncreasing minimum pension contributions to 12% could boost savings by £95,530
Increasing minimum pension contributions under auto-enrolment from 8% to 12% could result in additional contributions of £10 billion a year in the UK, according to research by Phoenix Group and WPI Economics.The long-term savings and retirement business and economic consultancy’s report Falling behind the curve, which models the cost to ...
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OpinionNick Hurley and Annie Green: The impact of dropping the real living wage pledge
Earlier this year, Brewdog announced that due to trading losses and financial instability, it will drop its real living wage pledge from April onwards. While many employers will have suffered similar financial difficulties as a result of the cost-of-living crisis, the business’ decision to pull out of the real living ...
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ArticleMichelin guarantees global living wage and enhances parental and healthcare benefits
Credit: ricochet64 / Shutterstock.comTyre manufacturing organisation Michelin is to guarantee a living wage for its more than 100,000 global employees, as well as enhancing parental and healthcare benefits.As part of its deployment of a living wage worldwide, to guarantee employees a salary equivalent to at least the living wage, Michelin ...
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Case StudiesFutureheads supports financial wellbeing with targeted benefits
Digital and technology recruiter Futureheads provides employees with a range of benefits and guidance to help them through any financial pressures.Prior to the cost-of-living crisis, the London-based living wage employer already offered its 30 employees financial-related benefits such as a health cash plan, a season ticket travel loan, a technology ...
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AnalysisFiscal drag: how can employers offset the challenges of a difficult economy?
The frozen tax thresholds could see some employees ‘dragged’ into paying more tax and have less disposable income as a result.Employers should ask employees about their financial pressures to understand how to support them.A salary sacrifice arrangement can support employees who are dealing with the impact of fiscal drag.In his ...
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Supplier articleEmpowering employees to engage with their pension – new research revealed
According to new research* from WEALTH at work of over 2,000 working adults with a defined contribution workplace pension, nearly half (49%) said they were unaware of what their pension is invested in.There seems to be a general lack of pension understanding with 29% unaware that their ...
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ArticleScottish Environment Protection Agency and FTI Consulting shortlisted for Best financial wellbeing strategy – small employer
Scottish Environment Protection Agency and FTI Consulting have been shortlisted for Best financial wellbeing strategy – small employer at the Employee Benefits Awards 2024.The financial wellbeing category recognises the work of employers that have taken a proactive approach to their employees’ financial needs and support their staff to make positive ...
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ArticleMyerscough College employees accept pay rise
Workers employed by Myerscough College Lancashire have accepted a 6.5% pay rise backdated to 1 January 2024 following ongoing strike action.The employees, who are members of the University and College Union (UCU), will also receive a further 1% rise from Monday 1 July. The deal includes a commitment to award ...
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ArticleAutoglass and Burger King shortlisted for Best financial wellbeing strategy
Vehicle windscreen repair and replace firm Autoglass and fast food chain Burger King UK Group are among those shortlisted for the Best financial wellbeing strategy category – large employer at the Employee Benefits Awards 2024.The financial wellbeing category, which is sponsored by Wealth at Work, celebrates the work of employers ...
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ArticlePublic trust in pensions industry increases for fourth consecutive year
Public trust in the pensions industry has increased for the fourth consecutive year, according to research by third-party pensions administrator Trafalgar House.Its annual Trust and confidence index, which surveyed more than 2,000 people aged 18 and above to understand how the British public feel about the pensions industry, asked respondents ...
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Supplier articleCreating a brighter tomorrow... financial wellbeing and mental wealth
Financial wellbeing and mental health are intrinsically linked. Employees with poor mental health are likely to be more heavily impacted by financial worries and less likely to make sound financial decisions. The risk is that both their financial situation and mental health can worsen. Read on to ...
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Article56% of staff rely on workplace benefits to buy essential items
More than half (56%) of employees rely on workplace benefits to purchase essential items, a 31% increase from the previous year, according to research by Blackhawk Network (BHN) Extras.The employee benefits provider. which surveyed 500 HR decision makers in small and medium-sized enterprises (SMEs) and 2,000 employees employed by SMEs ...
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ArticleLighthouse Charity and Belfast Harbour achieve Belfast Business Promise accreditation
Lighthouse Charity, Belfast Harbour and the Northern Irish Department for the Economy have achieved Belfast Business Promise accreditation as part of a pledge to create a more inclusive environment for employees.The initiative was launched this month by Belfast City Council, which engaged with 130 individuals and 30 businesses when co-designing ...
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ArticleThe top 10 most-read articles between 5 - 11 April 2024
The top 10 most-read articles on employeebenefits.co.uk between 5 - 11 April 2024 were: Three and Superdrug shortlisted for Best benefits to support diversity, equity and inclusionRoadchef rolls out payroll and financial support for UK employeesCrawford and Company launches carers’ policy and frameworkPrinces introduces enhanced carers’ leave for UK employeesBurberry ...
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ArticlePlaywrights receive minimum fee rise under UK Theatre Agreement
Playwrights who are members of the Writers Guild of Great Britain (WGGB) are to receive a minimum fee increase following successful union negotiations.Under WGGB’s UK Theatre Agreement, playwrights will receive a 10% rise in minimum fees, with 6% backdated to 1 May 2023 and a further 4% from 1 May.The ...
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ArticleConsultants in England accept government’s pay and reforms offer
Consultants in England have accepted the government’s latest offer on pay and reforms to the Review Body on Doctors’ and Dentists’ Remuneration (DDRB), ending a long-running dispute that has involved industrial action.A total of 83% of consultants, who are part of the British Medical Association (BMA), voted in favour, with ...
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ArticleRoadchef rolls out payroll and financial support for UK employees
Credit: Ceri Breeze / Shutterstock.comRoadside service area operator Roadchef has rolled out payroll and financial support for its 3,500 UK employees as part of its commitment to the financial wellbeing of its workforce.Through a partnership with cloud-based payroll software service PayCaptain, Roadchef employees can access savings pots, digital payroll giving, ...