All Financial wellbeing articles – Page 25
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ArticleExclusive: Kirklees Council and Leeds City Council shortlisted for Best public sector benefits
Kirklees Council and Leeds City Council have been shortlisted in the category Best public sector benefits at the Employee Benefits Awards 2023.New for 2023, this award is aimed at public sector organisations that cover public goods or government services, such as law enforcement, the military, infrastructure, public transport, public education, ...
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AnalysisHow can employers build the case for aligning financial and mental wellbeing strategies?
Need to know:Financial worries affect the bottom line, with a poll by the Chartered Management Institute (CMI) finding the majority of employers believe the cost-of-living crisis has caused stress and anxiety that have affected productivity levels.Many organisations already offer benefits that can support employees’ financial wellbeing, whether as a core ...
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Case StudiesZuto prioritises financial and mental wellbeing with comprehensive benefits suite
Zuto is a fintech in the used car finance space. It employs 450 people, known as Zutonites, across its Macclesfield head office and Manchester contact centre. Mary Beighton, people and culture director at Zuto, says: “We’re growing quickly so we have to be competitive to attract and retain employees. To ...
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ArticleCoca Cola staff accept up to 18% pay rise
Credit: Katherine Welles / Shutterstock.comCoca Cola Europacific Partners (CCEP) staff based at its soft drinks plant in Wakefield, Yorkshire have accepted an up to 18% pay rise, ending the threat of strike action.The deal will see employees’ salaries increase between £3,476 and £3,876 in the first 12 months, with further ...
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ArticleJust 13% of UK staff feel benefits align with their needs
Just 13% of UK employees feel that their employer’s benefits provision closely aligns with their needs, compared to 59% of US staff, according to research by Benefex.Its analysis found that 96% of HR and reward professionals have seen a significant shift in employee attitudes and behaviours towards benefits over the ...
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ArticleExclusive: The Big Table Group rolls out financial wellbeing app to more staff
Restaurant group The Big Table Group has expanded its financial wellbeing offering to its staff at Banana Tree and has introduced unrestricted usage of a flexible pay feature.The group, which owns Bella Italia, Cafe Rouge and Las Iguanas restaurants, initially launched a partnership with financial wellbeing provider Wagestream in May ...
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ArticleSerco staff in Norfolk accept 20% pay rise
Workers at citizens services, defence, transport, justice, and health firm, Serco based in North Norfolk and Breckland, have accepted a 20% pay rise, ending the threat of more strikes that have been ongoing for the past few months.The staff, who are refuse, street cleaning, grounds maintenance and cleansing workers, approved ...
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Case StudiesRicoh readies itself for next generation of workplace AI
In June 2019, document services, consulting, software and hardware business Ricoh placed itself at the vanguard among employers, introducing financial wellbeing artificial intelligence (AI) chatbot MyEva to its approximately 2,000 UK employees.In the years since, the organisation has seen registration for the service increase from 19% to 46%, highlighting employees’ ...
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ArticleKearney implements new Europe family support package
Global management consultancy firm Kearney has announced an expanded family support package for its European workforce.The firm, which employs 4,200 workers across 40 countries, will provide six months of full-time leave for all new parents, regardless of their gender or how they become parents. It will also offer a six-month ...
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ArticleNatwest Group completes acquisition of Cushon
Credit: William Barton / Shutterstock.comBanking organisation Natwest Group has completed its acquisition of a majority shareholding in workplace savings and pensions fintech Cushon.The group agreed to acquire 85% of Cushon for £144 million back in February, with 15% retained by management. It was approved by the Financial Conduct Authority (FCA) ...
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ArticleThe top 10 most-read articles between 26 May - 1 June 2023
The top 10 most-read articles on www.employeebenefits.co.uk between 26 May - 1 June 2023 were: Amazon introduces flexible-working optionsVirgin Media O2 staff accept pay dealNeonatal, carer and family leave acts receive Royal AssentExclusive: Channel 4 and Citi shortlisted for Best benefits for reproductive health46% of young staff think employers could ...
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ArticleNHS England staff receive 5% pay rise
More than one million NHS England employees are set to receive pay rises and one-off payments as part of a pay deal that takes effect today (1 June).The deal, which was announced last month, sees nurses, paramedics, 999 call handlers, midwives, security guards, and cleaners eligible for the Agenda for ...
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ArticleVirgin Media O2 staff accept pay deal
Virgin Media O2 employees have accepted a pay deal that includes consolidated rises in excess of 7, 8 or 9% this year, as well as a £400 cash lump sum to be paid in June.A total of 86.5% of staff, who are represented by trade union Communication Workers Union (CWU), ...
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Article46% of young staff think employers could help financial burdens more
Nearly half (46%) of employees aged 18 to 34 believe their organisations could play a more active role in alleviating cost-of-living financial burdens, according to new research.The Sodexo Engage report The mountain of lost benefits: closing the expectation gap found that 53% of employees in the same age group feel ...
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Supplier articleONE IN THREE THINK THEY WON’T BE ABLE TO AFFORD TO RETIRE
8 in 10 (83%) are concerned the cost of living crisis will mean they will have to work longer before retiring to make up for a shortfall in savings (43% very concerned) Almost three in ten (29%) admit they may consider stopping pension payments in the future As financial pressures ...
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Case StudiesThe benefits offered by XDesign
Benefits on offer at XDesign:Pension and group riskGroup personal pension (GPP) plan with salary sacrifice arrangement for all employees. Employer and employee contributions of 4%, matched up to 5%.Life insurance.Critical illness leave at full pay for the first six months, and half pay for the following six to nine months.Healthcare ...
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Case StudiesPodcast: XDesign ensures its benefits strategy is an ever-evolving offering
?Employee Benefits · XDesign podcastListen: Digital consultancy XDesign has grown rapidly in the past two years and increased its headcount from 50 employees to over 450.In this episode of the Employee Benefits podcast, chief people officer Ciji Duncan, explains how the organisation has adapted and expanded its benefits offering in ...
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ArticleCity of London Corporation staff strike over pay
More than 1,000 City of London Corporation workers have commenced a 24-hour strike today (25 May) in a dispute over pay.The number consists of more than 250 Unite and more than 900 GMB members, of which 77% voted for strike action earlier this year. The workers are employed as security, ...
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ArticleLidl GB gives staff third pay rise in 12 months
Supermarket chain Lidl GB has awarded all of its 24,500 hourly paid employees a third pay increase in 12 months.Store and warehouse staff working outside the M25 had their pay increased to £11.40 from £11, rising to £12.30 depending on length of service. Meanwhile, pay for those inside the M25 ...
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Supplier articleIS FINANCIAL ANXIETY DISRUPTING YOUR BUSINESS?
#TOHELPMYANXIETYIt’s Mental Health Awareness Week, and this year, the focus is on anxiety.“Anxiety is a normal emotion in all of us, but sometimes it can get out of control and become a mental health problem.” Mental Health Foundation (MHF)Everyone gets anxious from time to time, and there are many causes. ...