All Financial wellbeing articles – Page 13
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AnalysisFiscal drag: how can employers offset the challenges of a difficult economy?
The frozen tax thresholds could see some employees ‘dragged’ into paying more tax and have less disposable income as a result.Employers should ask employees about their financial pressures to understand how to support them.A salary sacrifice arrangement can support employees who are dealing with the impact of fiscal drag.In his ...
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Supplier articleEmpowering employees to engage with their pension – new research revealed
According to new research* from WEALTH at work of over 2,000 working adults with a defined contribution workplace pension, nearly half (49%) said they were unaware of what their pension is invested in.There seems to be a general lack of pension understanding with 29% unaware that their ...
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ArticleScottish Environment Protection Agency and FTI Consulting shortlisted for Best financial wellbeing strategy – small employer
Scottish Environment Protection Agency and FTI Consulting have been shortlisted for Best financial wellbeing strategy – small employer at the Employee Benefits Awards 2024.The financial wellbeing category recognises the work of employers that have taken a proactive approach to their employees’ financial needs and support their staff to make positive ...
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ArticleMyerscough College employees accept pay rise
Workers employed by Myerscough College Lancashire have accepted a 6.5% pay rise backdated to 1 January 2024 following ongoing strike action.The employees, who are members of the University and College Union (UCU), will also receive a further 1% rise from Monday 1 July. The deal includes a commitment to award ...
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ArticleAutoglass and Burger King shortlisted for Best financial wellbeing strategy
Vehicle windscreen repair and replace firm Autoglass and fast food chain Burger King UK Group are among those shortlisted for the Best financial wellbeing strategy category – large employer at the Employee Benefits Awards 2024.The financial wellbeing category, which is sponsored by Wealth at Work, celebrates the work of employers ...
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ArticlePublic trust in pensions industry increases for fourth consecutive year
Public trust in the pensions industry has increased for the fourth consecutive year, according to research by third-party pensions administrator Trafalgar House.Its annual Trust and confidence index, which surveyed more than 2,000 people aged 18 and above to understand how the British public feel about the pensions industry, asked respondents ...
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Supplier articleCreating a brighter tomorrow... financial wellbeing and mental wealth
Financial wellbeing and mental health are intrinsically linked. Employees with poor mental health are likely to be more heavily impacted by financial worries and less likely to make sound financial decisions. The risk is that both their financial situation and mental health can worsen. Read on to ...
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Article56% of staff rely on workplace benefits to buy essential items
More than half (56%) of employees rely on workplace benefits to purchase essential items, a 31% increase from the previous year, according to research by Blackhawk Network (BHN) Extras.The employee benefits provider. which surveyed 500 HR decision makers in small and medium-sized enterprises (SMEs) and 2,000 employees employed by SMEs ...
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ArticleLighthouse Charity and Belfast Harbour achieve Belfast Business Promise accreditation
Lighthouse Charity, Belfast Harbour and the Northern Irish Department for the Economy have achieved Belfast Business Promise accreditation as part of a pledge to create a more inclusive environment for employees.The initiative was launched this month by Belfast City Council, which engaged with 130 individuals and 30 businesses when co-designing ...
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ArticleThe top 10 most-read articles between 5 - 11 April 2024
The top 10 most-read articles on employeebenefits.co.uk between 5 - 11 April 2024 were: Three and Superdrug shortlisted for Best benefits to support diversity, equity and inclusionRoadchef rolls out payroll and financial support for UK employeesCrawford and Company launches carers’ policy and frameworkPrinces introduces enhanced carers’ leave for UK employeesBurberry ...
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ArticlePlaywrights receive minimum fee rise under UK Theatre Agreement
Playwrights who are members of the Writers Guild of Great Britain (WGGB) are to receive a minimum fee increase following successful union negotiations.Under WGGB’s UK Theatre Agreement, playwrights will receive a 10% rise in minimum fees, with 6% backdated to 1 May 2023 and a further 4% from 1 May.The ...
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ArticleConsultants in England accept government’s pay and reforms offer
Consultants in England have accepted the government’s latest offer on pay and reforms to the Review Body on Doctors’ and Dentists’ Remuneration (DDRB), ending a long-running dispute that has involved industrial action.A total of 83% of consultants, who are part of the British Medical Association (BMA), voted in favour, with ...
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ArticleRoadchef rolls out payroll and financial support for UK employees
Credit: Ceri Breeze / Shutterstock.comRoadside service area operator Roadchef has rolled out payroll and financial support for its 3,500 UK employees as part of its commitment to the financial wellbeing of its workforce.Through a partnership with cloud-based payroll software service PayCaptain, Roadchef employees can access savings pots, digital payroll giving, ...
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Article29% would not cope financially if diagnosed with a critical illness
Almost one-third (29%) of parents with young children do not feel at all confident in their ability to cope financially if diagnosed with a critical illness, according to research by life and pensions mutual insurer LV=.Its second annual Reaching resilience report, which surveyed 4,000 UK adults, also found that the ...
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ArticleFirst Bus receives living wage employer accreditation
National bus operator First Bus has received real living wage employer accreditation.All of its 1,300 UK employees, including workers employed through third-party contractors, will be paid at least £12 per hour. This is over and above the UK government’s national living wage, which increased this month for workers aged 21 ...
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ArticleTribunal orders Phoenix Healthcare and Rentacar 24/7 to pay unpaid wages
An employment tribunal has ruled that Phoenix Healthcare and Rentacar 24/7 must pay £2,912.19 in unpaid wages and additional compensation after finding they underpaid a former employeeM Piekielniak was employed as a driver transporting carers between jobs by Phoenix Healthcare from 2 May 2021, and when not busy, would support ...
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ArticleGreenwich Leisure workers receive 20% sick pay increase
Workers employed by Greenwich Leisure (GLL) are set to receive a 20% increase in sick pay following a day of industrial action last week.From this month, the social enterprise has agreed to increase sick pay for all of its employees, including its leisure workers across the UK.This follows a 24-hour ...
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Article63% of UK workers want a pay rise
Nearly two-thirds (63%) of UK workers want a pay rise, according to research by Reward Gateway.The employee engagement firm surveyed 2,000 UK-based full-time employees in order to find out how they are coping in the current economy. It found that 20% of respondents said they are miserable at work and ...
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ArticleSaba Park Services workers in Slough accept 25.6% pay increase
Credit: Frodo's Dad / Shutterstock.comA total of 40 workers employed by Saba Park Services in Slough, Berkshire have accepted a 25.6% pay increase, ending a long-running pay dispute.The employees, who are represented by trade union Unite, work as parking enforcement officers who monitor resident parking zones and street pay and ...
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Supplier articleIs an Annual Leave Purchase scheme the key to balancing budgets and life?
Is an Annual Leave Purchase scheme the key to balancing budgets and life? More time off means extra opportunities to enjoy what really matters, and when employees purchase additional annual leave via your employee benefits offering, it reduces your wage bill. Let’s explore what an annual leave ...