All Financial wellbeing articles – Page 114
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ArticleTop 10 most read stories this week
The top 10 most read stories on www.employeebenefits.co.uk between 24 February and 3 March 2016: Puppies help de-stress Australian workplacesEY, Iceland and Nationwide are among the 25 Best Big Companies to Work For 2016Rolls-Royce introduces financial education and engagement strategyHow will the national living wage impact reward strategies?EXCLUSIVE: Countrywide introduces ...
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Supplier article
Love your executives
You might think you don’t need to worry about your executives when it comes to employee benefits, but just because they have more responsibility at work and a bigger pay cheque doesn’t mean they don’t need your support.What’s the issue?Your executives might be the ones running your company so you’d ...
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ArticleGain insight into balancing benefits and financial wellbeing at Employee Benefits Connect
Those who attend Employee Benefits Connect 2016 can gain insight into how employee benefits could potentially harm employee’s financial wellbeing, as well as the measures that can be taken to address this, in a session led by Darren Laverty (pictured), partner at Secondsight.During the conference session, Laverty will discuss the ...
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Supplier article
An important reminder… the National Living Wage
We would like to think that all followers of this blog are now fully aware of – and conversant with – the new National Living Wage (NLW) requirements which come into force in April this year.The purpose of this post is not therefore to remind our followers to comply with ...
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ArticleEXCLUSIVE: IPG Mediabrands to launch financial wellbeing programme
EXCLUSIVE: IPG Mediabrands is to introduce a financial wellbeing programme for its 381 UK employees.The programme, provided by Nudge Global, will include online tools and information which staff can personalise to their individual financial needs, such as paying off student debt, getting on the housing ladder, having children and saving ...
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Supplier article
WEALTH at work listed in London Stock Exchange ‘1000 Companies to Inspire Britain’ 2016
WEALTH at work, a leading provider of financial education in the workplace, supported by guidance and advice, has been identified as one of London Stock Exchange’s 1000 Companies to Inspire Britain. The report is a celebration of the UK’s fastest-growing and most dynamic small and medium sized businesses.To be included ...
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ArticleLearn how to boost staff productivity through financial wellness at Employee Benefits Connect
Delegates that attend Employee Benefits Connect 2016 can gain insight into how financial wellness can help drive employee productivity.In a roundtable session entitled ‘Boosting British productivity in 2016: tackling financial wellness’, Monica Kalia, co-founder and chief of strategy and business development at Neyber, will discuss the role of financial wellbeing ...
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Supplier article
Jelf Employment Seminar, Cardiff
The fun and informative Jelf Employment Seminars are returning to Cardiff, and once again we will be fielding an expert range of speakers to help employers better manage their day to day business challenges.Our three well-known, entertaining, and knowledgeable speakers will be covering the following:The learned Matt Jenkin will be ...
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Case StudiesKnight Harwood embraces auto-escalation
Construction firm Knight Harwood’s group personal pension scheme started with a contribution basis of 3% and 3% and introduced the concept of auto-escalation, through what it calls the Pension Increase Pledge (Pip). This gives members the option to commit to increase their pension savings by 1% each year for a ...
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OpinionJonny Gifford: Why employees do not naturally engage with workplace savings schemes
The world overloads us with information at every turn and our minds do not like it. Detail clings to financial advice, on the other hand, like so many limpets. Of course it does: advisers need the detail to consider eventualities, recount sub-clauses and cover their backs. But our minds quickly ...
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AnalysisHow can behavioural science engage employees with workplace savings?
Need to know:Small changes can make a big difference when it comes to engaging employees with workplace savings schemes.Behavioural science is all about working with people’s natural habits, instead of against them.Left alone, savers can struggle to imagine their future selves. There are many smart ways to help them overcome ...
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ArticleGain insight into long-term financial wellbeing support at Employee Benefits Connect
Delegates that attend Employee Benefits Connect 2016 can gain insight into the importance of supporting financial wellbeing over the course of employees' professional careers.In a session entitled 'Educating your workforce from hire to retire', Jeanette Makings (pictured), head of financial education at Close Brothers Asset Management, will discuss the role ...
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Article39% say financial struggles affect their performance at work
More than a third (39%) of respondents say their financial struggles prevent them from performing at their best at work, according to research by Willis Towers Watson.Its 2015 global benefits attitudes study, which surveyed 29,629 employees in 19 countries, including 1,895 in the UK, also found that almost three-quarters (71%) ...
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ArticleFinancial education in numbers
A round-up of the key facts and figures relating to financial education in the workplace. 27% of employers provide staff with access to one-to-one financial advice (Source: Employee Benefits/Close Brothers) 58% of employees would value an employer that helped with providing financial and retirement planning advice (Source: Mercer) 14% of ...
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AnalysisThe pros and cons of using in-house and external financial education expertise
Need to know:A good financial education scheme should help an organisation achieve its wider business objectives, increase engagement, improve financial wellbeing and improve the employee’s understanding of their benefits and their own personal finances.Employers can look to both in-house resources or external parties to provide financial education programmes.A financial education ...
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OpinionMark Fenton-O’Creevy: Is there a case for workplace financial education?
In difficult financial times any employer will think twice before incurring additional costs, and training budgets are notorious for being trimmed in hard times. So why would an employer seek to invest precious training resources in a topic without apparent direct relevance to performance?Many employers do not. Consumer market research ...
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Supplier article
Secure in the knowledge
Many employees struggle to understand various financial issues that may relate to them and often fail to understand the many benefits on offer in the workplace. I believe employers can help to improve an employees’ financial wellbeing by providing them with the knowledge needed to make informed financial decisions, so ...
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AnalysisInfographic: The key benefits of financial education
An infographic outlining employers' views about the benefits of offering financial education to staff. (Source: The Employee Benefits/Close Brothers pensions research, November 2015)Read more about the key areas of focus for financial education.
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Case StudiesUniversity of Lincoln offers tailored financial education to staff
The combination of pensions freedoms, reforms to the Universities’ Superannuation Scheme (USS) and The Teachers’ Pension, relatively low pay awards in recent years and the fact more academic staff now work on a sessional or contract basis means there is a huge education piece to be had around finance and ...
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AnalysisWhat are the key areas of focus for financial education?
Need to know:Demand for financial education is growing, with the changing pensions landscape a key driver.Investing in this area can help employees to engage with flexible benefits packages and potentially reduce anxiety and stress around money.Training is most effective when it is personalised and tailored to the specific employee demographic, ...