All Financial wellbeing articles – Page 14
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ArticleBolt launches flexible pension scheme for private hire vehicle drivers
Ride-hailing operator Bolt is to launch a pension scheme for its 65,000 UK registered private hire vehicle drivers from 1 May 2024.Through the scheme, which is provided by Aviva, drivers will be able to contribute 5% of their fees from every completed trip into their pension pot, to which Bolt ...
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ArticleAvanti West Coast train drivers receive overtime shift fee increase
Credit: Mark D Bailey / Shutterstock.comTrain drivers employed by Avanti West Coast will receive an increase in their overtime shift fees to £600 as part of a deal with trade union Associated Society of Locomotive Engineers and Firemen (Aslef).The trainline operator covers the west coast main line between London, Manchester ...
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ArticleDurham University to increase pay in line with real living wage
Credit: SreeM / Shutterstock.comDurham University has announced that it will update its pay rates in line with the real living wage as of 1 April.This means that its workers under the university’s casual pay rates one and two, such as student ambassadors and students who work for a college, will ...
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ArticleSingle parents have lowest average income for both men and women
Single parents have the lowest average income for both men and women, according to research by workplace pension provider Now: Pensions and the Pensions Policy Institute (PPI).The underpensioned: defining the gender pension gap report revealed that single mothers earn 53% less than the average man and 37% less than the ...
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ArticleThe top 10 most-read articles between 15 - 21 March 2024
The top 10 most-read articles on employeebenefits.co.uk between 15 - 21 March 2024 were: Vivup and Perkbox combine to become one organisationPrimark to increase pay for 27,000 employeesManchester United in court action after HR data breachDeliveroo launches free and flexible childcare hours benefitCisco, Hilton and DHL Express among UK’s Best ...
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ArticleEmployees named David and Sarah more likely to earn higher salaries
Something for the weekend: Employees named David and Sarah are more likely to earn the most, according to research by Furniture At Work.The furniture supplier used LinkedIn data to determine the highest-paying vacancies and the most popular names for people in those roles.It looked at job titles most frequently advertised ...
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ArticleHolland and Barrett to increase hourly pay for store employees
Health and wellbeing retailer Holland and Barrett has announced that it will increase its hourly pay for store employees by 9%, almost 5% above the new national living wage.The retailer has more than 1,000 stores across 19 countries worldwide, with 5,000 employees in the UK.As of 1 April, nationwide employees ...
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Supplier articleEmployee money worries... Removing the stigma. Providing the solution
It’s Debt Awareness Week, so, like the campaign, we’re exploring why employees aren’t sharing their money worries with their employers or seeking professional support. There’s a stigma. Money often remains a taboo subject in the workplace, yet employees with money worries bring their stress to work, directly ...
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Case StudiesBenefits on offer at Egress
The benefits on offer at Egress:PensionsDefined contribution pension scheme, with 5% employee contributions and 4% employer contributions.Group riskLife assurance at four-times salary.Healthcare and wellbeingPrivate medical insurance (PMI) scheme, employer paid for all employees following probation. Employees have the option to add cover for a partner or dependents through salary deductions.Employee ...
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Supplier articleMany struggling to make ends meet
Yet only 9% of workers would seek help from their employer if they were struggling with debtEmployers are being encouraged to support employees who are struggling financially this Debt Awareness Week (18th – 24th March), which was created to increase awareness of problem debt and the advice and solutions ...
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ArticleAsda introduces later-life care advice and mortgage advice benefits
Supermarket Asda has introduced a later-life care advice and mortgage advice benefit for its 150,000 employees.The later-life care advice benefit, offered by Legal and General’s Care Concierge service, provides employees with confidential one-to-one telephone services where they can receive support and advice about later-life care for their loved ones.The benefit ...
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ArticlePrimark to increase pay for 27,000 employees
Retailer Primark is to increase hourly pay for 27,000 retail employees so they benefit from an average 9.1% pay rise.From 1 April, the organisation will increase its average hourly pay rates for all retail assistants across England, Scotland and Wales from £11 to £12, and from £11.51 to £12.56 for ...
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ArticleMedian monthly pay for February up 5.5% year-on-year
Median monthly pay for February 2024 increased by 5.5% compared to the same period last year, to an estimated at £2,331, according to data from the Office for National Statistics (ONS).Its labour market figures published on 12 March revealed that regular pay growth fell to 6.1% year-on-year in the three ...
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ArticleAldi increases pay for store assistants and deputy store managers
Supermarket chain Aldi is to increase hourly pay for store assistants and deputy store managers from 1 June.The organisation, which has more than 1,000 stores, 11 regional distribution centres and 45,000 employees across Britain, will increase its national minimum pay rate from £12 per hour to £12.40 outside the M25, ...
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ArticleNetflix UK, Writers’ Guild of Great Britain and Personal Managers’ Association agree pay deal
Credit: Elliott Cowand Jr / Shutterstock.comNetflix UK, Writers’ Guild of Great Britain (WGGB) and Personal Managers’ Association (PMA) have signed a new deal on remuneration for UK writers.The deal, which will apply to UK writers on Netflix scripted live-action commissioned series and is backdated to 1 February, is the first ...
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ArticleBank of England gives employees 4% pay rise
The Bank of England has given its more than 5,000 employees a 4% pay rise along with a 1% salary top-up deal for 2024/25 as part of its aim to retain staff in a competitive jobs market.The deal, which was intended to match inflation, was accepted by the trade union ...
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ArticleSeatfrog, Sessions and Venuescanner implement financial wellbeing support
Train tech firm Seatfrog, food brand startup Sessions and event tech startup Venuescanner have introduced new financial wellbeing support for their employees?to support them with cost-of-living pressures.Through a partnership with AI money-saving tool Nous, employees at the three firms can access an automated service that finds fair deals for energy, ...
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ArticleThe top 10 most-read articles between 1 - 7 March 2024
The top 10 most-read articles on employeebenefits.co.uk between 1 - 7 March 2024 were: Asda to raise pay for 120,000 hourly-paid store employeesCurrys increases salary for 10,000 staff and boosts minimum pay ratesTesco to increase pay above the real living wageStay up to date with the Spring Budget 2024Surrey County ...
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ArticleJohn Lewis Partnership and Co-op to increase pay
John Lewis Partnership and the Co-op are to increase their minimum pay rates for 2024. The Co-op has reaffirmed its commitment to paying the real living wage as recommended by the Living Wage Foundation, increasing its minimum hourly wage from £10.90 to £12, or from £12.25 to ...
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ArticleSpring Budget 2024: Government maintains fuel duty freeze for 12 months
Spring Budget 2024: The government is to maintain the current rates of fuel duty for a further 12 months to help support people with the cost of living.The measure, which was announced in the Spring Budget, will save the average car driver £50 in 2024-25 through the extension of the ...