All Financial wellbeing articles – Page 101
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Article67% of employers do not offer financial support or guidance
More than two-thirds (67%) of respondents do not provide financial support or guidance for their employees, according to research by Thomsons Online Benefits.Its UK Employee benefits watch report 2018: Creating the ultimate employee connection report, which surveyed 450 UK employers representing approximately 1,800,000 employees, also found that 70% do not ...
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ArticleHays UK, Talk Talk and GSK shortlisted for best financial wellbeing strategy
Recruitment firm Hays UK (pictured), telecommunications provider Talk Talk Group and pharmaceutical organisation GlaxoSmithKline (GSK) are among the organisations shortlisted in the best financial wellbeing strategy category at the Employee Benefits Awards 2018.The award, sponsored by Wealth at Work, recognises an employer that uses a proactive approach to its workforce’s ...
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AnalysisInfographic: The main financial wellness drivers for employees in 2018
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Case StudiesACCA uses behavioural economics to engage staff with financial health
Global professional accountancy body the Association of Chartered Certified Accountants (ACCA) offers its employees financial benefits via an online platform that places behavioural economics at the heart of its philosophy.The organisation, which employs 900 people in London and Glasgow, sends out personalised emails or text 'nudges' through its programme based ...
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AnalysisWhat elements of behavioural economics can employers build into a financial wellbeing strategy?
Need to know:Behavioural economics can be used to nudge employees in the right direction when making decisions impacting their financial wellbeingEmployers can learn from the auto-enrolment experience which built on using employees' inertia to boost pension saving in the UK.Encouraging staff to commit to save more tomorrow can also support ...
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Supplier article
Aon Client Briefing - Spring Budget
It is clear that the Chancellor wishes to “keep his powder dry” for what promises to be an eventful 2017. Whilst a relatively uneventful Budget, this should not mask the changes currently underway from previous Budgets. Many of these are significant for Employee Benefits and in need of urgent review ...
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Supplier article
Examining the correlation between employee health and financial wellbeing
As well as the comprehensive whitepaper, we have also created a short summary of the key findings, which we strongly recommended you read.Download the findings here
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Supplier articlePodcast: How to help your employees with their financial goals
The industry’s first and only podcast series is back, delving deeper into what employers need to do to rise to the top of the market with their benefits programme, and stay there! Listen to our industry experts break daunting subjects down into easy-to-understand, bite-sized nuggets, with top ...
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ArticleEXCLUSIVE: An integrated approach is the future for financial wellbeing strategies
Employee Benefits Connect 2018: Employers are looking for an integrated financial wellbeing strategy that features both employee benefits products and financial education.Speaking as part of the wellbeing stream at Employee Benefits Connect 2018 on Wednesday 28 February, Monica Kaila (pictured), co-founder and director at Neyber, and Nick Burns, chairman of ...
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ArticleTim Goodwin: Does the government’s response to the Taylor Review go far enough to protect workers?
The government has finally set out its response to the Taylor Review, which looked at how changes in the workplace, and in particular, the rise of the gig economy, affect our employment rights. Unfortunately, the response is not particularly inspiring.For starters, there is not an awful lot in it. Rather ...
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ArticleRuth Buchanan and Hannah Martin: Does the government’s response to the Taylor Review go far enough to protect workers?
The future of work is here; or is it? In February 2018, the government released its response to the Taylor Review of Modern Working Practices and there are likely to be a lot of changes for employers to get to grips with.The government proposes to take action on 52 of ...
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ArticleKatie Bailey: Does the government’s response to the Taylor Review go far enough to protect workers?
The government’s eagerly awaited and lengthy response to the Taylor Review, which was published in February, has elicited mixed commentary. On the one hand, Matthew Taylor himself has welcomed the fact that virtually all of his recommendations were accepted in principle, and the commitments expressed by the government to improve ...
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Supplier article
How to convey the value of workplace pensions
This month has marked the final auto-enrolment staging date for small employers. With concerns that the current contribution level is not enough to produce an adequate level of income in retirement, Jonathan Watts-Lay, Director, WEALTH at work comments on what employers can do next.Jonathan Watts-Lay, Director, WEALTH at work, a ...
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AnalysisFinancial wellbeing in numbers
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OpinionJulia Hanna: Financial fitness is a win-win for employers and employees
There is increasing evidence that financial anxiety impacts mental, physical and social wellbeing. This, in turn, impacts attendance and performance at work.With stagnant wages, increased life expectancy, and an uncertain economy and job prospects, according to PWC’s Employee financial wellness survey, published in April 2015, about a third of us ...
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AnalysisWhy support financial wellbeing for different types of workers?
Need to know:Employers should consider offering financial education to all employees and workers regardless of the length of their contract or employment status.They should communicate clearly what financial wellbeing benefits are on offer.Productivity can increase if employees are not worried about their financial health.The workforce dynamic is evolving, with a ...
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Case StudiesSSE provides contractors with same financial wellbeing benefits as permanent staff
Energy provider SSE believes that all employees, whether they are employed permanently, on a fixed-term contract, or as part of its trainee programme, should have the same access to the organisation's financial wellbeing benefits package.Its 200,000 employees, which includes 500 trainees and a large number of contractors, have access to ...
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OpinionJonathan Watts-Lay: Helping employees to focus on their finances
It is not uncommon for employees to face financial worries at various stages of their life, whether that is dealing with debt, concerns over retirement savings or making their monthly budget work.The link between debt, money worries and stress, lower productivity and absenteeism are increasingly recognised by employers and many ...
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OpinionBen Willmott: Improving the modern world of employment with the Taylor report
The increase in self-employment over the last few years plus the rise of the ‘gig economy’ has seen an increasing debate about the pros and the cons of these so-called atypical working arrangements. A key issue has been employment status and rights because many people are not clear on what ...
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ArticleEXCLUSIVE: Learn to embrace a savings culture at Employee Benefits Connect 2018
EXCLUSIVE: Delegates at Employee Benefits Connect 2018 will be able to learn about the importance of creating a savings culture in order to support employees with their financial wellbeing and monetary goals.Jeanette Makings (pictured), head of financial education services at Close Brothers Asset Management, and Simon Williams, senior financial planner ...