All Financial wellbeing articles – Page 16
-
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 ...
-
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 ...
-
ArticleTesco Ireland to give employees pay rise
Tesco Ireland is to give pay rise to its employees as part of a €16 million (£13.7 million) investment.From 1 January 2024, more than 12,000 customer assistants, warehouse operatives and grocery home shopping delivery drivers will receive a minimum 4% increase in their hourly pay.The irvestment means the retailer's annual ...
-
Article55% of younger staff say a good benefits package is important
More than half (55%) of 18-34 year-olds said a good benefits package is the most important thing they look for in employment, according to research by employee benefits technology provider Zest.Its survey of 2,000 employees also found that, in comparison, 42% of the general workforce said a good benefits package ...
-
ArticleGreene King delivery workers employed by GXO accept pay deal
Delivery workers for the Greene King brewery have accepted an improved pay deal following industrial action this week.Around 30 members of trade union Unite, who are employed by logistics firm GXO on an outsourced contract, took part in industrial action over the course of six days. The workers involved in ...
-
ArticleBP Pensioner Group takes legal action in pensions value dispute
The BP Pensioner Group has begun legal action against senior members of BP management and directors of the BP pension fund trustee due to concerns around the value of 2,500 members’ pensions.According to the BP Pensioner Group, the dispute is about decisions made by BP and the pension fund trustee ...
-
Case StudiesPodcast: Gripple's employee ownership model helps to build engagement and motivation
Employee Benefits · Gripple podcast interviewListen: In this episode of the Employee Benefits podcast, Katrina Ritchie, people and culture director at Gripple, discusses how the organisation's employee-ownership model helps to build engagement and motivation among staff.Ritchie discusses the benefits that come from operating this model, especially those that cover employee ...
-
Supplier articleTop 10 pension mistakes individuals could make as they approach retirement
Most of us spend the majority of our working life saving into our pension. However, all this hard work saving can quickly unravel for those who aren’t aware of common pension mistakes.WEALTH at work outlines below the top 10 pension mistakes individuals could make, to highlight what employees facing retirement ...
-
ArticleAldi increases employee pay to at least £12 an hour
Supermarket chain Aldi is to increase pay for its 40,000 store and warehouse employees to at least £12 an hour nationally and £13.55 within the M25, from 1 February 2024.Pay rates will rise further for store assistants to £12.95 nationally and £13.85 within the M25 based on employees’ length of ...
-
Supplier articleWhy workplace benefits and savings are an essential workplace offering
Workplace benefits and savings are more vital than ever as the number of employers offering pay rises, in line or above inflation, is set to reduce. Financial Wellbeing Research 2023, from the Reward & Employee Benefits Association (REBA) in association with WEALTH at work[1], reveals that only 19% of employers ...
-
Supplier articleBreaking financial taboos with Vodafone
Vodafone prioritizes the financial wellbeing of its employees, by demonstrating a strong commitment to their overall financial health. They were highly commended for the Biggest Impact on Financial Health category at the Financial Wellbeing Impact Awards 2023. Vodafone’s dedicated team has taken on the mission of providing ...
-
ArticleScottish Water employees accept 8% pay rise
Credit: Peter Titmuss / Shutterstock.comA total of 500 Scottish Water employees have accepted an 8% basic pay increase following ongoing strike action.The pay deal, which was negotiated by three trade unions, was backed by 98% Unite members in a consultative ballot, with the increase due to be applied to all ...
-
Supplier articleRetirement support in the workplace is growing
Employers are viewing the ageing workforce as increasingly important, according to the new Financial Wellbeing Research 2023[1] from the Reward & Employee Benefits Association (REBA) in association with WEALTH at work.It found that over a quarter (29%) of employers cite an ageing workforce as a driver of change to their ...
-
ArticleIkea awards pay increases and year-end bonuses to UK staff
Retailer Ikea has awarded its UK employees with pay increases that reflect the cost of living, as well as year-end bonuses based on the last year’s performance in a more than £35 million investment.Hourly-paid staff will receive a 10% pay increase in 2024, while salaried workers will see a rise ...
-
Article53% of British employees would switch jobs for better benefits
More than half (53%) of British employees would switch jobs and take the same role elsewhere for better benefits, according to research by emplyee benefits consultancy PIB Employee Benefits.Its Mind the gap survey, in collaboration with YouGov, which surveyed 1,000 employees, highlighted a link between employee benefits and staff retention, ...
-
Supplier article8 reasons why education motivates benefit utilization
Benefit education plays a crucial role in improving the utilization of benefits, whether those benefits are related to finances, healthcare, social programs or otherwise, there are several reasons why education is instrumental in motivating global benefit utilization. The truth is benefits uptake is an ongoing challenge for ...
-
ArticleThe top 10 most-read articles between 24 - 30 November 2023
The top 10 most-read articles on employeebenefits.co.uk between 24 - 30 November 2023 were: Apple, Microsoft and UKG named World’s Best Companies of 2023Cumberland Building Society launches neurodiversity toolkitBoots completes £4.8 billion pension scheme buy-inFoster Denovo Group acquires benefits arm of Punter Southall AspireShell UK reports -31.4% to 38.9% mean ...
-
ArticleBlack, African, Caribbean or Black British staff earned less than White employees in 2022
Black, African, Caribbean or Black British UK employees earned less than White employees in 2022, with medians of £13.53 and £14.35 per hour respectively, according to new research by the Office for National Statistics (ONS).After using personal and work characteristics to provide an adjusted pay gap based on a like-for-like ...
-
Supplier articleConnecting Meta’s financial futures with nudge.
Introduction: Meta LATAM, like many global organizations, noticed that their employees were experiencing increasing levels of financial anxiety. The team became aware of more requests for financial education guidance given that the external economic environment was increasingly turbulent. The challenge: Despite the extensive and diverse portfolio of ...
-
Case StudiesPodcast: Northwood Hygiene Products focuses on staff wellbeing
Employee Benefits · Northwood Hygiene Products podcastListen: Manufacturing, supply chain and transportation firm Northwood Hygiene Products has more than 800 employees working in various locations across the UK in diverse job roles.In this episode of the Employee Benefits podcast, HR director Dawn Roberts discusses how the organisation supports the wellbeing ...