All Financial wellbeing articles – Page 12
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ArticleStagecoach bus drivers in Swindon accept pay deal
Swindon bus drivers employed by Stagecoach have accepted a pay deal worth more than 17% following a dispute over wages.The employees, who are members of trade union Unite, will see their pay increase by more than 11% in the first year and by a total of 6% in the second ...
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ArticleTesco employees to share £30 million from share schemes
More than 20,000 Tesco employees are to share £30 million following the performance of its sharesave schemes.The staff are mainly those working in stores and distribution centres. As the schemes have now matured, they will share in a profit created by the growth of Tesco’s share price, which reached £3.06 ...
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ArticleHealthcare assistants in North and South Tees accept pay offer
Healthcare assistants employed by North Tees and Hartlepool NHS Foundation Trust and South Tees Hospitals NHS Foundation Trust have accepted an offer regarding their pay grading and back pay.The workers, who are members of union Unison, are based at University Hospital of North Tees, University Hospital of Hartlepool, James Cook ...
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ArticleWirral University Hospital Trust staff strike over pay
Healthcare workers employed by Wirral University Hospital Trust have begun strike action today (Monday 1 July) in a long-running dispute over pay.The employees, who are members of trade union Unite, work as recovery theatre practitioners and care for patients recovering from serious operations. They are based at Arrowe Park Hospital ...
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ArticleTaylors Poultry Services wins appeal in travel time minimum wage case
An employment appeal tribunal (EAT) has ruled that Taylors Poultry Services, which provides labour to farms, did not have to pay workers the national minimum wage while they were travelling to work. The organisation, which employs workers on zero-hours contracts to work on poultry farms, provides minibuses ...
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ArticleOnly 28% of employees feel employers are supporting their financial wellbeing
Nearly half (49%) of employers said they believe they are supporting their workforce’s financial wellbeing, while only 28% of employees agree, according to new research by Payroll Integrations. The technology firm surveyed 250 full-time employees and HR leaders between the ages of 18 and 65 for its ...
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ArticleThe top 10 most read articles between 21 - 27 June 2024
The top 10 most read articles between 21 - 27 June 2024 on employeebenefits.co.uk were: Nike doubles parental leave benefit for all US employeesGraham introduces employee wellbeing app59% of staff rank financial wellbeing as most wanted support from employerGames Workshop awards employees bonus paymentTribunal rules Wrexham bakery did not make ...
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ArticleJunior doctors take part in further strike over pay dispute
Junior doctors have begun their 11th round of strikes in England today following a long-running pay dispute.The latest strike, which saw junior doctors walk out of all services, started at 7am and is set to last until 7am on 2 July. Senior doctors will be providing cover, while NHS England ...
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ArticleAllan Brothers becomes living wage employer
Berwick-upon-Tweed manufacturing organisation Allan Brothers has become a living wage employer as part of its commitment to improving working conditions and staff development.As a result, all employees will be guaranteed a minimum income of £12 an hour which, based on a 38-hour week, equates to £23,712 a year. This is ...
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ArticleStaff aged over 60 feel better equipped to face rising costs
Employees aged 60 and over feel better equipped to face rising costs than those aged 44-59 and parents of young children, according to analysis by investment, protection, retirement and in-house advice specialist LV=.Its LV= Wealth and wellbeing research programme, which is its quarterly survey of 4,000 UK adults and tracks ...
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Article59% of staff rank financial wellbeing as most wanted support from employer
Three-fifths (59%) of employees ranked financial wellbeing as the area where they want the most support from their employer over the next three years, according to a new survey by Willis Towers Watson (WTW). The global advisory, broking and solutions firm surveyed 6,000 UK employees at medium ...
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Article39% of UK staff do not think they will be able to retire
Two-fifths (39%) of full-time UK employees do not believe they will ever be able to retire due to the rising cost of living, up from 33% 12 months ago, according to research by Wealth at Work.The financial wellbeing and retirement specialist surveyed 2,019 UK adults aged 22 and above in ...
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ArticleMedian pay increase remains at 5% in three months to April 2024
The median pay increase across the UK economy has remained at 5% in the three months to April 2024, according to the latest analysis by Incomes Data Research (IDR).The research organisation analysed a sample of 159 pay awards effective between 1 February and 30 April 2024, covering more than 1.3 ...
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ArticleSpecialists, associate specialists and specialty doctors accept pay offer
Specialists, associate specialists and specialty (SAS) doctors have accepted an improved pay offer from the government, following months of negotiations.The doctors, who are members of the British Medical Association (BMA), will see a basic rise of between 6.1 and 9.22% of their current pay, which is equivalent to a 10.4% ...
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ArticleDanish men’s football team signs pay deal that supports female players
The Danish men’s national football team has signed a four-year pay agreement with the Danish Football Association (DBU) that also supports the women’s team.The agreement, which was arranged with Danish player union Spillerforeningen, will come into effect after this year’s UEFA Euro championships. It will see male and female players ...
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ArticleBuilding and Allied Trades Joint Industrial Council agrees to one-year pay deal
The Building and Allied Trades Joint Industrial Council (BATJIC), managed by the Federation of Master Builders (FMB), has agreed to a one-year pay deal over the next year for builders.The deal, which was also agreed with trade union Unite, includes a 4% wage rate increase, one extra day of holiday, ...
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ArticleExclusive: Co-op wins Grand Prix at Employee Benefits Awards 2024
Co-op was presented with the highly coveted Grand Prix award at the Employee Benefits Awards 2024, which took place on Friday 14 June at The Honourable Artillery Company (HAC) in London last week.The Grand Prix is the ‘winner of winners’ accolade and is selected from the winning entries across all ...
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ArticleTyler Grange receives living wage employer accreditation
Environmental consultancy Tyler Grange has received living wage employer accreditation from the Living Wage Foundation.More than 80 staff employed by the London-based consultancy, which operates a four-day working week, will now be paid a minimum of £13.15 per hour, which is the rate for the capital. This will see employees ...
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ArticleExclusive: Younger staff more likely to prioritise family planning in financial goals
Younger employees are increasingly likely to prioritise family planning in their financial goals, according to research by financial education platform provider Nudge.Its annual Global financial wellbeing report, which surveyed more than 11,500 employees globally, including 2,000 in the UK, also found that 66% of UK men aged 25-34 are setting ...
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Case StudiesThe benefits offered by Aldermore Bank
The benefits on offer at Aldermore Bank:PensionA group personal pension (GPP) plan with salary sacrifice arrangement for all employees. Employee/employer contribution levels are 3%/6%, 4%/8% and 5%/10%.Group riskLife assurance, employer paid for all employees at four-times salary, with the option for employees to flex up at their own cost to ...