All Financial wellbeing articles – Page 18
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ArticleBoots to increase pay for trainee pharmacists
Boots and the Pharmacists' Defence Association (PDA) Union have announced that trainee pharmacists at the retailer will receive a pay increase from 1 April.The organisations have established zones across England and Northern Ireland in which the pharmacy trainees work, with the pay rise in each one dependent on the cost ...
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ArticleHalf of employers think pots-for-life will increase pensions engagement
Employee Benefits poll: Approximately half (49%) of organisations think the pots-for-life plan will increase employees’ engagement with their pensions, according to a survey of Employee Benefits readers. More than one-third (39%) of respondents said that they do not think that the pots-for-life plan will increase workers’ engagement ...
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ArticleOne-third unable to return to work full time due to childcare costs or availability
One-third (34%) of mothers in England said they are unable to return to work on a full-time basis due to childcare costs or availability, compared to just 12% of fathers, according to new Pregnant Then Screwed and Women In Data research.The former surveyed 35,800 parents in England, and the latter ...
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Supplier articleThe financial wellbeing benefits set for growth to create a financially resilient workforce
The Financial Wellbeing Research 2023[1], published by the Reward & Employee Benefits Association (REBA) in association with WEALTH at work, details the wide-ranging workplace support that employers can offer as part of a joined-up financial wellbeing strategy to help manage the risks adversely impacting employees’ financial wellbeing.The survey uncovered risks ...
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ArticleFinancial wellbeing support is not a top priority for employers
Supporting employees with cost-of-living issues is rated as eighth on employers’ corporate agendas, while financial wellbeing comes in twelfth, according to research by Close Brothers’ Workplace Financial Wellbeing Services. The firm’s Spotlight on UK financial wellbeing report, which surveyed 1,009 workers from organisations with 200 or more ...
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ArticleSuper Bowl winners can receive bonus payment worth $164,000
Credit: kovop / Shutterstock.comLast weekend, the Kansas City Chiefs beat the San Francisco 49ers at the 58th annual Super Bowl (spoiler alert!) While the 49ers did not walk away with the trophy, they will receive a post-season bonus payment. If you’ve ever fancied becoming a National Football League (NFL) player ...
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ArticleExclusive: Welsh government rolls out new employee benefits framework
The Welsh government has appointed employee benefits provider Vivup to deliver the managed service provision for its employee benefit schemes.Launched this week and set to run until 2028, with break clauses at the end of years two and three, the managed service provision framework includes a fully managed service and ...
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ArticleCosta Coffee to increase pay for more than 15,000 employees
Costa Coffee will increase pay for more than 15,000 employees in its 1,500 UK employer-owned stores from 1 April.The starting rate will rise to £12 per hour from £10.70 for baristas, which is a 9% increase and part of a more than £15 million investment. This is also 56p per ...
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Case StudiesHays addresses the gender pensions gap
Passionate about financial wellbeing, global recruitment firm Hays provides employees with back-to-basics roadshows and webinars to explain pensions terminology in a more straightforward way in order to combat the gender pensions gap.It has offices in 33 countries and 13,000 employees across the world. Of these, 3,500 are based in the ...
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Supplier articleThe key topics shaping the future of workplace financial wellbeing
Financial wellbeing has a key role to play in supporting HR goals such as recruiting and retaining employees and improving productivity. However, the factors influencing financial wellbeing strategies are changing. With insight from its latest Financial Wellbeing Research 2023[1] in association with Reward & Employee Benefits Association, WEALTH at work ...
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Article2Gether Support Solutions staff awarded Covid bonus payment
Hundreds of staff employed by NHS outsourcing firm 2Gether Support Solutions will now receive a more than £1,600 lump sum payment for working during the pandemic after undertaking industrial action.2Gether Support Solutions is a wholly-owned subsidiary of the East Kent NHS Trust, which runs the Kent and Canterbury Hospital in ...
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Supplier articleGuidance vs advice – empowering employees with the right financial support at the right time
The FCA and Government are seeking views as part of the joint Advice Guidance Boundary Review which focuses on proposals for closing the advice gap – the difficulty individuals face in recognising the need for accessing support in managing their finances.The proposals in the policy paper reflect the government and ...
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Article44% of GP nurses in England did not receive a pay rise last year
Two-fifths (44%) of GP nursing employees in England did not receive a pay rise at all for 2023/24, according to research by the Royal College of Nursing (RCN).Its survey of nearly 1,500 GP nursing staff across the country also found that overall, 77% of respondents did not receive the full ...
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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 ...