All Financial wellbeing articles – Page 100
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ArticleEXCLUSIVE: City and Guilds Group launches online financial education
EXCLUSIVE: Skills development organisation the City and Guilds Group has launched an online financial education programme for its 900 UK-based employees.The new programme, provided by Nudge, was implemented on 11 June 2018. It was designed to align with the organisation's key business purpose of developing individual skills and capabilities; the ...
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ArticlePoll: 50% believe employers are responsible for providing pre-retirement guidance
Employee Benefits poll: Half (50%) of respondents believe that employers should shoulder the main responsibility for providing pre-retirement financial guidance to employees.A straw poll of www.employeebenefits.co.uk readers, which received 70 responses, also found that 34% of respondents feel employees should take the primary responsibility for sourcing their own financial guidance ...
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ArticleForeign and Commonwealth Office launches new financial tool for 12,500 employees
The Foreign and Commonwealth Office (FCO) has launched an online financial tool as part of an updated financial wellbeing offering to staff.Money Wizard, which launched on 4 June 2018, was created by Wealth Wizards, and is designed to help and support the financial wellbeing of the FCO's 12,500 employees.The Money ...
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Article30% admit that financial worries are their biggest concern
Financial worries are rife among UK employees, with 30% admitting this is their greatest concern. However, most employers believe that workers are more worried about work-life balance (44%) or workload (33%), according to research by financial wellbeing provider Neyber.The DNA of Financial Wellbeing, Book One, published by Neyber in July ...
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Article6% of employers provide debt consolidation as part of benefits package
Less than one in 10 (6%) of respondents state that their employer provides debt consolidation via workplace lending and counselling services as part of their employee benefits package, according to research by Thomsons Online Benefits.It surveyed 2,000 UK employees working in private sector organisations with more than 500 staff, and ...
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ArticleCo-op launches payroll loan benefit for 63,000 staff
Retail organisation Co-op has launched a payroll loan benefit for 63,000 UK employees to help staff mitigate the potential financial stress caused by high-cost borrowing and personal debt.The benefit, provided by Neyber, was introduced in June 2018 to provide eligible employees with access to a loan scheme where repayments are ...
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ArticleEXCLUSIVE: 34% state cost prevents employers from offering pre-retirement financial guidance
EXCLUSIVE: More than a third (34%) of employer respondents do not offer pre-retirement financial guidance because of the cost, according to research by independent financial and corporate advisers Chase de Vere and independent research organisation Lightbulb.Their survey of 300 senior HR decision makers also found that 42% of respondents believe ...
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AnalysisWhat role can employers have in breaking financial taboos?
Need to know:Employees experiencing financial difficulties may not wish to discuss them at work in case they are perceived negatively by their employer or peers.Benefits such as money coaching or a wealth management portal can help employees learn more about their financial habits, which can ease potential financial issues.Case studies ...
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Case StudiesCarlsberg tackles financial taboos in wellbeing month
Brewery giant Carlsberg promoted financial wellbeing support benefits during its recent wellbeing month, which aimed to combat financial, physical and mental health-related taboos.During May 2018, employees took part in on-site mortgage sessions and hourly one-to-one slots to provide independent mortgage advice. Provided by Radcliffe and Newlands, Carlsberg employees are able ...
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OpinionCharles Cotton: How can employees' personal finances impact on employers?
The Financial wellbeing: the employee view report, published by the Chartered Institute for Personnel and Development (CIPD) in January 2017, found that one in four UK employees believe that money worries have affected their performance at work.This proportion is even higher in certain regions, such as London, and within different ...
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ArticleEXCLUSIVE: Capgemini UK to launch online financial education programme
EXCLUSIVE: Consulting and technology organisation Capgemini UK is going to launch an online financial education programme for its 9,000 employees based across 14 operating sites in the UK.The programme, provided by Nudge, will launch on Wednesday 27 June 2018, and aims to enhance the organisation’s overall wellbeing strategy. Capgemini UK ...
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ArticleEXCLUSIVE: Unum extends online financial education to 130 Ireland-based staff
EXCLUSIVE: Employee benefits provider Unum has extended its online financial education programme to 130 employees based at its Carlow operating site in Ireland.The programme, provided by Nudge, was introduced at Unum Ireland on 21 May 2018 as part of the organisation’s overall global strategy. This seeks to create an organisational ...
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ArticleEXCLUSIVE: Octopus Group sees 15% take-up of financial coaching benefit
EXCLUSIVE: Investment organisation Octopus Group has seen 15% of its 700 UK employees take up a financial coaching benefit in the first four weeks since it launched in March 2018.The benefit, provided by Hatch, was introduced to help employees improve their financial confidence, as a poll conducted in March 2018 ...
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ArticleEXCLUSIVE: Virgin Atlantic launches online financial education programme
EXCLUSIVE: Airline organisation Virgin Atlantic has launched an online financial education programme for its 9,500 UK-based staff, including Virgin Holiday employees.The programme, provided by Nudge, was implemented on 1 May 2018 to form part of Virgin Atlantic’s overall wellbeing strategy, called Working Well, Living Better. The wellbeing strategy focuses on ...
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ArticleJohn Lewis Partnership launches housing rental benefit for 85,500 staff
Retail organisation John Lewis Partnership has launched a property rental benefit for its 85,500 John Lewis and Waitrose employees, in order to support staff financial wellbeing.The new benefit, provided by Canopy, was introduced on 18 May 2018 and enables employees to rent accommodation without a cash deposit, as well as ...
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Supplier articleFour hidden places to find more benefits budget
By Debra Corey, Group Reward DirectorLow budget, no budget, we’ve all been there. Challenged by wanting to put in place a new HR initiative, but not quite sure how we’re going to find the money to do so? Well, I’m here as your savings “fairy,” flying in to share with ...
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ArticleInchcape introduces tool insurance for vehicle technicians across the UK
Automotive retailer Inchcape UK has updated its benefits package to include personal tool insurance for its 1,000 vehicle technicians, working across more than 100 centres around the UK.The new provision, introduced on 1 May 2018, gives technicians the opportunity to be included, free of charge, in the additional benefit of ...
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ArticleEXCLUSIVE: Aspen launches online financial education programme
EXCLUSIVE: Insurance and reinsurance organisation Aspen has launched an online financial education programme for its 700 UK employees.Its financial education programme, which is provided by Nudge. launched on 20 April 2018, ahead of Aspen's annual flexible benefits selection window in May. It was launched via an email campaign and through ...
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ArticleChicago restaurant employees earn $2,000 tip
Something for the weekend: A customer dining at a restaurant in Chicago generously gave employees a total of $2,000 in tips.The diner, Mike, who was visiting from Seattle, was so impressed by his dining experience at Boka, Chicago, he claimed it was the "absolute best service and food I have ...
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ArticleConfessions of a benefits manager: Candid looks into retirement planning
I need you to know I am really not that old. It is true that a girl in the bank told me, condescendingly, that ‘nowadays’ people do not ask for statement folders. It is also true my hairdresser keeps referring to her mother and me in the same sentence. Yet, ...