All Financial wellbeing articles – Page 22
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ArticleExclusive: A fifth of employees worry about money every day
More than a fifth (22%) of employees worry about money every day, according to research by financial wellbeing organisation Bippit.Its report, The stigma edition 2023, which surveyed 5,000 UK employees and 660 senior HR professionals, also found that more than a third (36%) of employees do not like talking to ...
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Case StudiesOxford University Hospitals deploys multiple methods to communicate financial support
In order to effectively communicate financial wellbeing support to its wide range of employees, UK NHS teaching trust Oxford University Hospitals uses a variety of methods to suit their needs and preferences.The trust is made up of four hospitals: the John Radcliffe Hospital, the Churchill Hospital, the Nuffield Orthopaedic Centre, ...
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AnalysisHow to target financial wellbeing support to employees
Employers can offer financial wellbeing support based on which benefits are most frequently used, which will highlight prevalent financial issues among employees.As employers often have wide-ranging demographics that have varying preferences and needs, different communication methods will be required for each group.Tailored benefits that are personalised to employees’ needs offer ...
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Case StudiesUniversity of Salford targets communications at specific employee groups
Credit: Richard Oldroyd / Shutterstock.comThe University of Salford ensures it provides comprehensive financial wellbeing support and education that is targeted at all different groups of employees.Based in Greater Manchester and with 3,000 employees, the university was a runner up in the Best financial wellbeing strategy at this year’s Employee Benefits ...
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Supplier articleSUPPORTING NEW PARENTS: REGULATIONS & SAVINGS
EMPLOYEE EXPERIENCE SERIES: SUPPORTING NEW PARENTS: REGULATIONS & SAVINGSIn our second blog dedicated to supporting parents in the workplace, we cover some statutory regulations supporting working parents. Detailing the costs parents face, we also explore how they can use their employee benefits to save money on the items they can’t ...
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AnalysisBenefits for graduates
Research has shown that graduates value a good work-life balance and development opportunities when entering the workforce.The Covid-19 pandemic and cost-of-living crisis have meant that graduates are also looking for wellbeing and financial benefits.Being aware of available support and inclusive benefits can be attractive even if graduates are unlikely to ...
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ArticleGretna Green accredited as living wage employer
Credit: chrisdorney / Shutterstock.comWedding venue and events business Gretna Green has received living wage employer accreditation from Living Wage Scotland.As part of its living wage commitment, all Gretna Green employees will receive a minimum hourly wage of £11 per hour. This is above the UK’s living wage requirement of £10.90, ...
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ArticleWest End and UK theatre directors win pay rises
Theatre directors in the West End and across the UK have won pay rises as part of a four-year agreement following a financial claim submission earlier this year.West End directors will receive an immediate 10% increase to minimum rates, while those in the commercial and subsidised sector across the UK ...
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ArticleCawleys receives living wage employer accreditation
Credit: Peter_Fleming / Shutterstock.comWaste management business Cawleys has received living wage employer accreditation as part of a recognition of its investment in staff and commitment to fair pay.As part of this accreditation, every Cawley employee will receive a minimum hourly wage of £10.90. This is higher than the government minimum ...
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ArticleNorth Yorkshire Council awards staff £1,925 pay rise
Credit: Chedko / Shutterstock.comNorth Yorkshire Council is to give all of its more than 15,000-strong workforce a £1,925 pay rise as of this month.On average, the increase equates to a 6.35% pay boost for council staff in roles such as town planners, refuse collectors, social workers and engineers. The deal, ...
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ArticleMale employees more likely to ask for a pay rise
One-quarter (26%) of female employees have asked for a pay rise this year compared to one-third (36%) of male staff, according to research by HR software provider Ciphr.Its survey of 1,000 employed adults also found that women were less likely to have asked for a cost-of-living bonus than men, at ...
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ArticleDHL workers at Gatwick Airport accept 15% pay rise
Credit: Pabkov / Shutterstock.comAround 600 DHL workers based at Gatwick Airport on the EasyJet contract have suspended strikes after voting to accept a 15% pay rise.Scheduled strikes from 28 July to 1 August will no longer take place.The employees, who are represented by trade union Unite, have also accepted an ...
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ArticleMost common forecasts for 2024 pay awards sit at 5%
2024 pay awards forecasts range between 3.8 and 5%, with 5% the most common prediction, according to new research from Paydata.The reward and HR consultancy sought out anticipated 2024 pay awards from 229 employers across a range of sectors between 5 and 20 July. The findings revealed that 32% of ...
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Supplier articleHow share plans can help employees become financially resilient and act as a motivational tool
We asked Jonathan Watts-Lay, Director, WEALTH at work, to tell us why workplaces may want to consider offering all employees share plans, the different types available and what they need to be aware of.He comments; “To encourage employees to save more, many companies offer share plans, one of the most ...
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ArticleCartwright awards staff up to £2,000 one-off cost-of-living payment
Cartwright, the pension specialist for defined benefit and hybrid schemes, has given each of its employees a one-off cost-of-living payment of up to £2,000.This extra financial support builds on its cost-of-living support approach last summer, where all staff received £1,000 to help ease the financial impact. It is in addition ...
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ArticleUniversity College London gives staff 9.5% pay rise
University College London (UCL) has awarded its workforce a 9.5% pay rise as part of its new £110 million staffing plan.The university’s University Management Committee has approved a new pay and reward strategy, which will see staff at the lower and middle points of pay scales receive a larger incremental ...
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ArticleAioi Nissay Dowa Europe launches financial wellbeing platform
Insurer Aioi Nissay Dowa Europe has introduced a financial wellbeing platform for employees in to empower them to build the best possible financial health.Its flexible pay platform, provided by Wagestream, enables staff to get paid up to 50% of their salary flexibly throughout the month, to help them stay in ...
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ArticleNot so fantastic: 90% of Barbie doll jobs pay men more
Credit: DinosArt / Shutterstock.comSomething for the weekend: As many as 90% of jobs held by Mattel’s Barbie dolls pay men more, according to research by Money.co.uk.Money.co.uk analysed 59 roles held by different Barbie dolls against 2022 median full-time pay data from the UK Office for National Statistics and US Bureau ...
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ArticlePortico accredited as living wage employer
Portsmouth-based shipping business Portico has received living wage employer accreditation from the Living Wage Foundation.As part of this commitment, every Portico employee will receive a minimum hourly wage of £10.90. This is higher than the government minimum for those aged 23 and above, which currently stands at £10.42 per hour.The ...
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Case StudiesThe benefits offered by Emcor UK
The benefits on offer at Emcor UK:PensionContract-based group personal pension (GPP) plan, the Group Flexible Retirement Plan.Healthcare and wellbeingEmployee assistance programme for all employees, employer paid.Occupational health, employer paid.Health Assessment or screening, available through flexible benefit scheme.Private medical insurance for certain employee levels.Health screening for certain employee levels.York Test home ...