All Financial wellbeing articles – Page 17
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ArticleGripple and Loadhog become living wage employers
Gripple, a South Yorkshire-based manufacturer of wire joiners, tensioners and suspension solutions, and its sister returnable packaging solutions firm Loadhog, have received living wage employer accreditation.Accredited employers are required to increase wages in line with new living wage rates within six months of them being announced, after which employees and ...
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ArticleNewcastle United accredited as living wage employer
Credit: chrisdorney / Shutterstock.comNewcastle United Football Club has received living wage employer accreditation from the Living Wage Foundation.The lowest-paid employees at the club will see their pay increase by £1.10 to £12 an hour. It applied to become an accredited living wage employer in February 2022 to support its staff ...
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OpinionRhiannon Barnsley: Automatic-enrolment act is no cure for the epidemic of under-saving
The Royal Assent of the Pensions (Extension of Automatic-Enrolment) Act marks a significant development in the UK pension landscape. There are notable changes that could shape the retirement savings framework for certain employers and employees, but more needs to be done to fix the consistent under-saving for retirement that is ...
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ArticleDocklands Light Railway employees strike over pay
Credit: Tupungato / Shutterstock.comWorkers employed by contractors Keolis Amey Docklands that work on the Docklands Light Railway (DLR) have commenced strike action over a pay dispute.Keolis Amey Docklands has a contract with Transport for London (TfL) for operating the DLR.Members of union The National Union of Rail, Maritime and Transport ...
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Article35% of staff want financial support through personalised reward and benefits
One-third (35%) of employees want personalised reward and benefits as a means of financial support outside of salary increases, according to research by global reward and benefits platform provider Perkbox.Its research, which surveyed more than 2,000 workers, also found that 34% of respondents want access to discount schemes that help ...
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ArticleNon-NHS health staff win one-off bonus
Thousands of health workers will now receive a one-off bonus after threatening legal action against the government.A payment of at least £1,655 was agreed for NHS workers as part of their pay deal in England, but thousands of outsourced staff did not qualify for this as they worked for non-NHS ...
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ArticleLyft and Uber agree to $328m settlement after pay and benefits were withheld
Credit: Sundry Photography / Shutterstock.comRide-share firms Lyft and Uber have agreed to pay $328 million (£262 million) in settlements to current and former drivers following investigations by New York Attorney General Letitia James.The multi-year investigations into Uber and Lyft found that pay and benefits available under New York labor laws ...
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ArticleNational Joint Council for Local Government Services staff accept pay deal
Employees at the National Joint Council for Local Government Services (NJC) have accepted a pay deal, following a long-running dispute.The deal will see a £1,925, or 6.4%, rise for staff outside of London earning up to £49,950, with a 3.88% increase for those on higher wages. Outer London staff will ...
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Article88% experiencing more symptoms of burnout
Almost nine in 10 (88%) Britons are experiencing more burnout symptoms than usual, according to research by Cigna Healthcare.Its 2023 Vitality study, which surveyed 10,800 respondents in the US, UK, Netherlands, Spain, Belgium, Switzerland, Kenya, the UAE, Saudi Arabia, China, Singapore, and the Hong Kong SAR, also found that half ...
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Supplier article
How BT supports employees to build financial resilience and prepare for retirement
https://youtu.be/WOTiF16Lx64Research[1] by WEALTH at work found that 83% of employees are concerned that the cost of-living crisis will mean they will have to work longer before retiring and 33% think they won’t ever be able to afford to retire at all.Making regular contributions into a pension pot is also becoming ...
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ArticleHomes England ordered to pay £24,000 in equal pay case
Homes England has lost an equal pay case against a senior employee who was paid £14,000 less than her male colleagues.Jennifer Owen joined the organisation as a quantity surveyor in November 2020 on a salary of £51,258 per year, which was the minimum in her pay band. She was told ...
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ArticleGender pay gap falls by a quarter over the last decade
The gender pay gap has fallen by one-quarter among full-time employees over the last decade to 7.7% in April 2023, according to figures from the Office for National Statistics (ONS).This figure is up from 7.6% in 2022, but is below the 9% gap before the Covid-19 pandemic in 2019. The ...
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Supplier articleTHE ART OF REWARDING YOUR PEOPLE AT CHRISTMAS
Something they want, something they need, give them a treat, and watch your business succeed. There’s an art to rewarding your people in a way they’ll truly appreciate and remember whilst making it sustainable for you.Did you know that we’re one of the leading UK digital voucher suppliers?By building powerful ...
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Supplier articleWEALTH at work launch NEW Corporate ISA
In today’s economic climate, helping employees to build their financial resilience and providing them with the knowledge and tools to do so, has never been so important.Whilst a workplace pension provides a savings vehicle for retirement, many organisations want to put in place a tax efficient savings option for those ...
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Article87% of employers have heard wellbeing concerns from staff
The majority (87%) of organisations have been approached by an employee in the past 12 months to discuss concerns relating to their wellbeing, according to new research from Mintago.The fintech startup surveyed 503 senior managers within UK-based organisations in both the public and private sector, and found that mental health ...
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ArticleLakeland introduces new staff wellbeing support
Credit: Ben Molyneux / Shutterstock.comKitchenware and homeware retailer Lakeland has implemented new wellbeing support to protect its more than 1,300 members of staff.Through a partnership with retail industry charity the Retail Trust, Lakeland employees can access a range of mental health resources, such as counselling and cognitive behavioural therapy for ...
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ArticleWorker Protection (Amendment of Equality Act 2010) Bill receives Royal Assent
The Worker Protection (Amendment of Equality Act 2010) Bill has received Royal Assent as of this month.The initial bill drafting proposed liability on employers for harassment of their employees by third parties, such as a customer, client, supplier or contractor, which meant an employee could therefore be harassed by simply ...
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ArticleThe top 10 most-read articles between 20 - 26 October 2023
The top 10 most-read articles on employeebenefits.co.uk between 20 - 26 October 2023 were: KPMG implements pay freeze for some employeesLiving wage rates rise to at least £12 an hour59% of British workers feel unhappy with their benefits packagesCottesmore School appoints AI principal headteacherSixth form college staff accept pay riseExclusive: ...
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ArticleGreater London Authority receives living hours accreditation
Credit: Pajor Pawel / Shutterstock.comGreater London Authority has become a living hours accredited employer to combine the security of fair pay with a regular and reliable wage.The employer has committed to provide its employees with at least 16 hours work a week, unless otherwise requested, a minimum of four weeks’ ...
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AnalysisHow can voluntary benefits support employees in uncertain times?
Credit: Emerge / Shutterstock (1079190161)Employers should have an understanding of the issues their employees face in order to produce targeted and appreciated voluntary benefits strategies.To combat the cost-of-living crisis, employees can use spend and save platforms to save money on a day-to-day expenditures and weekly grocery shopping.Employees react better to ...