All Financial wellbeing articles – Page 19
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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 ...
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Supplier articleSmartPay… the cost-neutral employee benefit you need in 2024
Employee retention remains a business priority as we step into a new year. Our research found that almost half of UK employees say they’re likely to look for a new role in 2024. Financial wellbeing benefits and incentives were at the top of the list of ways ...
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Supplier articleHarness the power of financially resilient employees
Resilience. It’s a great word encompassing employee wellbeing, financially, mentally, and physically. So, what exactly does it mean? During this blog, we’ll explore the topic of resilience in relation to employee financial wellbeing and the role that HR and prioritising financial wellbeing at work must play in ...
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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 ...
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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 ...