All Financial wellbeing articles – Page 13
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Article49% of staff changed retirement plans due to cost-of-living crisis
Almost half (49%) of working adults have changed their retirement plans because of the cost-of-living crisis, according to new research by the Pensions Management Institute.The professional body that supports and develops UK pension schemes surveyed 2,030 employees with pensions. It found that 24% of respondents have delayed their retirement, 23% ...
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ArticleLondon Underground staff accept improved pay offer
Credit: sematadesign / Shutterstock.comWorkers employed on the London Underground by Transport for London have accepted an improved pay offer following a long-running dispute over wages.The employees, who are members of trade union Unite, overwhelmingly accepted the increase, and will see their pay for the 2023 financial year rise by between ...
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ArticleThe top 10 most-read articles between 16 - 22 February 2024
The top 10 most-read articles on employeebenefits.co.uk between 16 - 22 February 2024 were: Easyjet, Estee Lauder and Greggs fail to pay national minimum wageLondon Stock Exchange Group enhances global parental leaveAstraZeneca and Novo Nordisk named best places to work for women in 2023Super Bowl winners can receive bonus payment ...
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ArticleEurochange rolls out employee wellbeing support
Foreign exchange specialist Eurochange has rolled out wellbeing support for its more than 800 UK employees in order to maintain a happy and healthy workplace.Eurochange’s employees across its head office and 200 UK branches can now access a range of personalised resources, provided by retail industry charity Retail Trust, to ...
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Article40% of UK staff feel supported through the cost-of-living crisis
Just 40% of UK employees feel their organisation is supporting them through the cost-of-living crisis, according to research by Reward Gateway.Its HR priority report, which surveyed 1,001 HR decision makers and 2,026 UK employees, also found that more HR leaders believe mental wellbeing should be a top priority in 2024 ...
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ArticleEasyjet, Estee Lauder and Greggs fail to pay national minimum wage
Estee Lauder Cosmetics, airline Easyjet and food chain Greggs are among more than 500 employers which failed to pay their lowest-paid employees the national minimum wage.An investigation by His Majesty’s Revenue and Customs (HMRC) between 2015 and 2023 found that breaches by 524 employers caused more than 172,000 employees to ...
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OpinionLee McIntyre-Hamilton: Changes to national insurance and the impact on employment
The new year has already brought some welcome news for employees, with the cut in employee national insurance contributions (NICs) from 12% to 10%. As of 6 January 2024, the cut means that all employees who currently pay NIC will benefit.The extent of the savings will depend on an employee’s ...
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ArticleBoots to increase pay for trainee pharmacists
Boots and the Pharmacists' Defence Association (PDA) Union have announced that trainee pharmacists at the retailer will receive a pay increase from 1 April.The organisations have established zones across England and Northern Ireland in which the pharmacy trainees work, with the pay rise in each one dependent on the cost ...
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ArticleHalf of employers think pots-for-life will increase pensions engagement
Employee Benefits poll: Approximately half (49%) of organisations think the pots-for-life plan will increase employees’ engagement with their pensions, according to a survey of Employee Benefits readers. More than one-third (39%) of respondents said that they do not think that the pots-for-life plan will increase workers’ engagement ...
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ArticleOne-third unable to return to work full time due to childcare costs or availability
One-third (34%) of mothers in England said they are unable to return to work on a full-time basis due to childcare costs or availability, compared to just 12% of fathers, according to new Pregnant Then Screwed and Women In Data research.The former surveyed 35,800 parents in England, and the latter ...
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Supplier articleThe financial wellbeing benefits set for growth to create a financially resilient workforce
The Financial Wellbeing Research 2023[1], published by the Reward & Employee Benefits Association (REBA) in association with WEALTH at work, details the wide-ranging workplace support that employers can offer as part of a joined-up financial wellbeing strategy to help manage the risks adversely impacting employees’ financial wellbeing.The survey uncovered risks ...
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ArticleFinancial wellbeing support is not a top priority for employers
Supporting employees with cost-of-living issues is rated as eighth on employers’ corporate agendas, while financial wellbeing comes in twelfth, according to research by Close Brothers’ Workplace Financial Wellbeing Services. The firm’s Spotlight on UK financial wellbeing report, which surveyed 1,009 workers from organisations with 200 or more ...
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ArticleSuper Bowl winners can receive bonus payment worth $164,000
Credit: kovop / Shutterstock.comLast weekend, the Kansas City Chiefs beat the San Francisco 49ers at the 58th annual Super Bowl (spoiler alert!) While the 49ers did not walk away with the trophy, they will receive a post-season bonus payment. If you’ve ever fancied becoming a National Football League (NFL) player ...
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ArticleExclusive: Welsh government rolls out new employee benefits framework
The Welsh government has appointed employee benefits provider Vivup to deliver the managed service provision for its employee benefit schemes.Launched this week and set to run until 2028, with break clauses at the end of years two and three, the managed service provision framework includes a fully managed service and ...
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ArticleCosta Coffee to increase pay for more than 15,000 employees
Costa Coffee will increase pay for more than 15,000 employees in its 1,500 UK employer-owned stores from 1 April.The starting rate will rise to £12 per hour from £10.70 for baristas, which is a 9% increase and part of a more than £15 million investment. This is also 56p per ...
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Case StudiesHays addresses the gender pensions gap
Passionate about financial wellbeing, global recruitment firm Hays provides employees with back-to-basics roadshows and webinars to explain pensions terminology in a more straightforward way in order to combat the gender pensions gap.It has offices in 33 countries and 13,000 employees across the world. Of these, 3,500 are based in the ...
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Supplier articleThe key topics shaping the future of workplace financial wellbeing
Financial wellbeing has a key role to play in supporting HR goals such as recruiting and retaining employees and improving productivity. However, the factors influencing financial wellbeing strategies are changing. With insight from its latest Financial Wellbeing Research 2023[1] in association with Reward & Employee Benefits Association, WEALTH at work ...
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Article2Gether Support Solutions staff awarded Covid bonus payment
Hundreds of staff employed by NHS outsourcing firm 2Gether Support Solutions will now receive a more than £1,600 lump sum payment for working during the pandemic after undertaking industrial action.2Gether Support Solutions is a wholly-owned subsidiary of the East Kent NHS Trust, which runs the Kent and Canterbury Hospital in ...
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Supplier articleGuidance vs advice – empowering employees with the right financial support at the right time
The FCA and Government are seeking views as part of the joint Advice Guidance Boundary Review which focuses on proposals for closing the advice gap – the difficulty individuals face in recognising the need for accessing support in managing their finances.The proposals in the policy paper reflect the government and ...
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Article44% of GP nurses in England did not receive a pay rise last year
Two-fifths (44%) of GP nursing employees in England did not receive a pay rise at all for 2023/24, according to research by the Royal College of Nursing (RCN).Its survey of nearly 1,500 GP nursing staff across the country also found that overall, 77% of respondents did not receive the full ...