All Financial wellbeing articles – Page 14
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ArticleOne day left to enter Employee Benefits Awards 2024
HR, reward and benefits professionals who want to be in with a chance of winning at the Employee Benefits Awards 2024 have just one day left to enter.This is the final opportunity to enter and win recognition as the final deadline is tomorrow: Friday 9 February.Now in its 22nd year, ...
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Case StudiesAdecco Group prioritises agility for its total reward strategy
Over the last 18 months, Adecco Group’s total reward strategy has needed to be relatively agile to address the needs of its employees during the cost-of-living crisis.The group has three global business units, Adecco, Akkodis and LHH, which cover talent and recruitment, and digital and engineering solutions. It employs 39,000 ...
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ArticleAverage woman saves £136,000 less than the average man for retirement
By the time the average woman reaches the retirement age of 67, she will have saved a pension pot worth £69,000, which is £136,000 less than the average man, who will have saved £205,000 in the same period, according to research by Now: Pensions.Its 2024 gender pension gap report, published ...
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ArticleNorthumberland County Council rolls out guaranteed pay scheme for home care staff
Northumberland County Council has rolled out a scheme that guarantees competitive pay and?introduces a right to security of income for home care workers across the county.Home care providers can sign up to the eight commitments in the Northumberland Guarantee, with support from the council and the local NHS service for ...
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Supplier articleHow to offer cost effective employee financial support
Jonathan Watts-Lay, Director, WEALTH at work, answers some key questions on the cost effective options available for employers to support financial wellbeing in the workplace.What options are available to employers to offer staff financial wellbeing support without breaking the budget?Implementing financial wellbeing support may not be as costly as employers ...
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ArticleThe top 10 most-read articles between 26 January - 1 February 2024
The top 10 most-read articles on employeebenefits.co.uk between 26 January - 1 February 2024 were: Chipotle Mexican Grill introduces financial and mental wellbeing benefits70% of employers have global minimum standard for benefitsPodcast: Kindness in the workplaceUniversity of Leeds to increase pay for 1,300 employeesArqiva and Novo Nordisk named healthiest places ...
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Supplier articleNational insurance saving could be used to boost workplace pension
National Insurance (NI) is reducing from 12% to 10% from January 2024. WEALTH at work, a leading financial wellbeing and retirement specialist has run financial education workshops for staff in hundreds of organisations and is encouraging people to consider using this saving in National Insurance if they can, to increase ...
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ArticleEquity and ITC agree to pay and financial improvements
Credit: Brian SlaterTrade union Equity and independent performing arts management association Independent Theatre Council (ITC) have agreed to a pay rise and improved financial provisions as part of a new three-year agreement.The Ethical Manager Agreement 2024-2027, which applies to performers, stage management and choreographers in the independent performing arts sector, ...
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Supplier articleFinancial wellbeing strategies are evolving but disjointed.
According to the Financial Wellbeing Research 2023[1] from the Reward & Employee Benefits Association (REBA) in association with WEALTH at work, financial wellbeing support is integral to employers being able to meet their high-level HR objectives.Nearly all (96%) hope to use their financial wellbeing strategy as a tool to meet ...
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Case StudiesAvison Young explores employees' financial needs to maximise set budget
Avison Young ensures it understands the needs of its employees when deciding on what financial support to offer.The global commercial real estate firm has more than 100 offices in 15 countries, and employs 5,000 employees worldwide and 1,500 in the UK.Its financial wellbeing package includes initiatives such as a group ...
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Case StudiesHCRG Care Group provides financial wellbeing for employees' evolving needs
Health Care Resourcing Group (HCRG) Care Group offers employees a diverse range of measures to support their financial wellbeing and to meet their evolving needs.The UK health and care services provider employs more than 5,000 members of staff, including nurses, carers and head office desk workers.In response to the cost-of-living ...
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AnalysisHow to support employees' financial wellbeing on a budget
To support employees with their financial wellbeing, employers should review the benefits they already offer and check whether staff know how they can help.Implementing financial wellbeing services that include education and coaching is cost-effective.Financial wellbeing support can be tailored to match an employer’s budget and employees’ needs.Close Brothers Asset Management’s ...
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ArticleSacker and Partners becomes living pension employer
Pensions law firm Sacker and Partners has become a living pension employer.The living pension accreditation, which was launched in March 2023, is a voluntary savings target for employers and aims to support lower-paid employees who are not saving enough into their pension pots each year to prevent poverty and meet ...
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ArticleMinistry of Justice to increase pay for some criminal legal aid solicitors
The Ministry of Justice is to give criminal legal aid solicitors working in police stations and youth courts a pay increase from this summer.It will invest £16 million to increase fees for solicitors working in police stations, while it has allocated £5.1 million to augment pay for those taking on ...
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ArticleChipotle Mexican Grill introduces financial and mental wellbeing benefits
Credit: Anne Czichos / Shutterstock.comRestaurant chain Chipotle Mexican Grill has introduced enhanced financial and mental wellbeing benefits for more than 110,000 employees.These include a SupportLinc employee assistance programme, supplied by by CuraLinc Healthcare, which includes six free sessions with a licensed counsellor or mental health coach, as well as access ...
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ArticleUniversity of Leeds to increase pay for 1,300 employees
Credit: PoohFotoz / Shutterstock.comThe University of Leeds is to increase pay for more than 1,300 employees from 1 February.Employees on its pay grades two, three and four will be moved up at least one pay spine point. Those on pay grade two will earn a minimum of £12 an hour, ...
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ArticleLidl GB gives pay rise to 26,000 hourly-paid employees
Supermarket Lidl GB is to give its 26,000 hourly-paid employees a pay rise as part of a £37 million investment into their wages.From 1 March, entry level rates will increase from £11.40 to £12 outside of the M25, rising to £13 with length of service. For those working within the ...
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ArticleOlivia Burgess: How can reward and benefits contribute to happiness at work?
The value of employee happiness is significant, with direct links to productivity, engagement, and retention. Prioritising employee happiness and wellbeing at Atradius has enabled us to look after our people and maintain a high retention rate across our organisation.Reward and benefits have a direct impact on employee wellbeing; ultimately, happier ...
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ArticleWalmart to increase store managers' salaries
US supermarket chain Walmart is to increase the salaries of its store managers and invest in a redesigned bonus programme from next month.As a result of its investment and upcoming annual increases, store managers’ average salary will rise from $117,000 (£92,283) to $128,000 (£100,960) a year. This is alongside the ...
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ArticleCapita withdraws from real living wage rate
Capita has become the latest employer to withdraw from the real living wage scheme after the recommended rate increased by 10% two years in a row. The outsourcing firm said that employees currently paid the real living wage, which is recommended by the Living Wage Foundation and ...