All Financial wellbeing articles – Page 14
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Supplier articleRetaining skills & reducing employee turnover in 2024 & beyond!
The Rewards and Benefits Association recently published a report that found that 64% of employers consider the cost of recruiting fresh skills to be a considerable financial risk over the next two years. Our research - hot off the press - of 1002 full-time UK employees found that nearly half ...
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AnalysisBenefits to support an older workforce
Employers could offer support through a midlife MOT, which provides a health and financial career check to help employees plan for retirement.Pre-retirement coaching can help to educate older employees on how to prepare for life away from work.Organisations can improve the recruitment, retention and development of older workers by signing ...
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ArticleJunior doctors in Wales strike over pay
Junior doctors in Wales have begun 72-hour strike action today (Monday 15 January) in a dispute over pay.The walkout from 7am today to 7am on 18 January could see more than 3,000 doctors at picket lines outside all of Wales’ main hospital sites. A mass demonstration outside the Welsh parliament ...
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Article36% will work past state pension age to cover daily expenses
More than a third (36%) of British employees will continue working past state pension age because they do not think their pension will cover their day-to-day expenses, according to research by Canada Life.The retirement, investment and protection provider, which surveyed 2,000 UK adults, found that 52% of respondents who said ...
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Supplier article2024 Global financial wellbeing calendar
Just when you thought the ‘great resignation’ has peaked, a recent report from PWC says otherwise, ‘26% say they plan to quit their job in the next 12 months and that’s increased by 19% from last year. It’s safe to say, employers will most likely be battling retention and attraction ...
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ArticleBrewdog increases pay but moves away from paying real living wage
Craft beer business Brewdog has announced that its lower-paid employees over the age of 23 will receive a pay rise to £11.44 per hour from £10.90.Staff located outside London will receive a 4.95% rise in base pay, however, those working in London will not see an increase from their current ...
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ArticleFirst Bus to become living wage employer
UK bus operator First Bus is to become a living wage employer from 1 April 2024.The accreditation will see its 1,300 employees across the UK, and workers employed through third party contractors, benefit from a pay rise to at least £12 per hour.The living wage is a voluntary rate of ...
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ArticleCargill Cocoa and Chocolate staff accept 10.4% pay rise
Credit: Jonathan Weiss / Shutterstock.comCargill Cocoa and Chocolate employees based at its Worksop, Nottinghamshire site have accepted a 10.4% pay rise, ending a long-running dispute over pay.The more than a dozen workers, who are members of trade union GMB, voted to back strike action last year in a ballot, with ...
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ArticleStaff at five north east England colleges strike over pay
Employees at five colleges in Cleveland, Redcar and Stockton-on-Tees in north east England have begun strike action in a long-running dispute over pay.Staff employed by Bede Sixth Form College, NETA Training Group, Stockton Riverside College, The Skills Academy, and Redcar and Cleveland College will be on picket lines today (9 ...
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Article19% regret not taking out a financial protection policy while caring for ill child
One in five (19%) UK parents admitted regretting not taking out a protection policy for financial support if they needed to take time off work to care for an ill child or children, according to new research from MetLife UK.The provider of protection, employee benefits and retirement solutions found that ...
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ArticleSainsbury’s increases pay for hourly paid staff
Credit: Alex Yeung / Shutterstock.comSupermarket Sainsbury’s is to increase pay by 9.1% to £12 per hour as part of a £200 million investment to recognise the hard work of its employees.From March 2024, 120,000 hourly paid staff will benefit from the rise, with those based in London seeing an increase ...
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ArticleHalf of employers offer financial remuneration to help employee retention
More than half (56%) of employers have offered financial remuneration to help employee retention during the cost-of-living crisis and staffing shortages, according to research by Peninsula Group.The employment law, HR, and health and safety services firm's survey of 79,000 small to medium-sized businesses (SMEs) across Australia, Canada, Ireland, New Zealand ...
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Supplier articleIntuit
Introduction:Intuit’s goal is simple, to improve wellbeing for the diverse Intuit employee population and to deliver an integrated financial wellbeing communication strategy that draws on different themes each month, and always ties back to financial education. The strategy has resulted in outstanding outcomes, and is recognized as the winner of ...
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ArticleEXCLUSIVE: Accor Group launches new employee wellbeing benefit
Hospitality organisation Accor Group has introduced a new wellbeing benefit for its 4,500 UK employees.The benefit, Your Care Plus provided by Vivup, is a health management platform that supports employees’ physical and mental wellbeing with a range of products and services.The platform provides evidence-based interventions and support tools to help ...
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Supplier articleIreland auto enrollment
Next January, all going well, approximately 750,000 workers in Ireland will start being automatically enrolled into a new workplace pension scheme that will be co-funded by their employers and the State.The scheme is aimed at addressing the national pension coverage gap. It’s estimated that just 56% of the working population ...
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AnalysisHow to support employees’ health and wellbeing in the winter months
Regular breaks during working hours can help to avoid burnout and boost employees’ physical wellbeing.Employers can support employees suffering from seasonal affective disorder by rearranging the workplace to maximise natural light or enable them to sit near a window.Organisations can implement discount schemes that save employees money on essentials to ...
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Supplier articleFinancial tips for your LGBTQ+ community
The personal finance benefits to married LGBTQ couples have expanded by leaps and bounds in the last decade since same-sex marriage was legalized. Yet, gaps in financial education and familial wealth still exist when LGBTQ couples are compared to their non-LGBTQ counterparts.These may include challenges when it comes to saving, ...
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Supplier articleGlobal benefit edu-action webinar write up
We invited global leaders in rewards, wellbeing, and financial wellness to discuss and share insight on the most efficient and effective ways to, ‘Drive awareness, understanding and action on benefits through education’. Tim Perkins, nudge co-founder and CEO was joined by esteemed HR leaders, Luke DeBoer, Financial ...
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Supplier articleTop tips for employees retiring in 2024
The current economic environment is causing disruption to the retirement plans of many. It is important that those retiring in 2024 understand their options, make informed decisions, and avoid making mistakes with their hard-earned savings.To help, WEALTH at work, has created a list of top tips for employees who are ...
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Supplier articleTips to help employees take control of their finances in 2024
According to the Financial Conduct Authority (FCA)[1], 10.9 million adults in the UK (21%) felt that keeping up with their bills and credit commitments was a heavy burden, which was up 3.1 million compared to the 7.8 million the year previous (15%). The Bank of England has also recently reported ...