All Financial wellbeing articles – Page 25
-
Supplier articleEMPLOYEE BENEFITS: CLEANER COMMUTING MADE AFFORDABLE
The government and environmental groups are calling for the world to adopt cleaner methods of transportation. Most of us hear the call and understand the importance, but the reality is that we need our cars to get around and do our jobs. Investing in an electric vehicle ...
-
ArticleNational living wage to rise to at least £11 per hour in 2024
Chancellor of the Exchequer Jeremy Hunt has announced that the national living wage will increase to at least £11 per hour from April 2024.Hunt made this announcement yesterday at the Conservative Party Conference in Manchester, where he committed to accept the Low Pay Commission’s recommendations.These recommendations, which will be announced ...
-
Supplier article
Helping employees understand their maturing sharesave options – how drax achieved it.
https://www.youtube.com/watch?v=nlr8h_fa4bAWEALTH at work have recently supported Drax employees to understand their options when their Sharesave plan reached maturity. See our case study on how this was achieved and what the results were.BackgroundDrax Group plc, a FTSE 250 renewable energy company, has offered Sharesave plans to their employees for around ten ...
-
ArticleGreencore staff in Nottinghamshire accept 10% pay rise
Employees at sandwich and convenience food manufacturer Greencore’s Worksop factory in Nottinghamshire have accepted a 10% pay award.The factory line workers, quality controllers, store workers and cleaners will receive a 10% increase backdated to 1 April 2023 and an additional 5.25% increase from 1 April 2024.More than 500 of the ...
-
ArticleParfetts awards staff 10% profit share bonus
Wholesaler Parfetts has awarded its employees a 10% profit share bonus as part of its recognition of their contribution to its continued growth.Parfetts operates depots in Aintree, Anfield, Birmingham, Halifax, Middlesbrough, Sheffield, Sommercoates and Stockport, with operations covering England, North Wales and the Midlands.The wholesaler was able to award this ...
-
Supplier articleEmpowering Women: Supporting return to work after pregnancy
The journey of motherhood is a beautiful and transformative experience, and as we embrace the progress of gender equality, it is crucial for employers to play an active role in supporting women as they return to work after pregnancy. How can companies offer physical and emotional support during this critical ...
-
Supplier articleFrog Systems chooses Bupp as benefits partner
Frog Systems has further expanded its wellbeing support for employees by partnering with the Bupp membership programme to offer regular discounts to users of its streaming service Ashia. Employees whose companies subscribe to Ashia will receive money off everyday wellbeing products and treats, without having to earn ...
-
Case StudiesPodcast: Nominet's total reward approach supports employees' needs
Employee Benefits/Nominet podcast interviewListen: In this episode of the Employee Benefits podcast, Beverley Hamblet-Bowes, director of HR at Nominet, talks about how the organisation takes a total reward approach to benefits, and how it ensures that it is fair and consistent among all employee groups.Hamblet-Bowes explains that Nominet's aim is ...
-
Supplier articleNew research highlights the need for financial wellbeing to move from tactical to strategic thinking.
The Reward & Employee Benefits Association (REBA) in association with WEALTH at work has launched the second in its series of workplace research – Financial Wellbeing Research 2023*, with responses from almost 200 companies representing over 1.5 million employees. Risks to financial wellbeing It found that many ...
-
ArticlePhoenix Group introduces Midlife MOT tool
Long-term savings and retirement business Phoenix Group has launched a Midlife MOT programme to help its employees make better decisions about work, wealth and wellbeing.The initiative is part of a wider response to the 2017 independent state pension age review’s recommendation for employers and the government to offer access to ...
-
Supplier articleEMPLOYEE BENEFITS: GET MORE FOR LESS WITH EMPLOYEE DISCOUNTS
Employees are turning to their employer for support during the cost-of-living crisis, and your next potential rising star is comparing your employee benefits offering to your competition. A cost-effective and sustainable employee benefits offering is more important than ever – read on to discover how our employee ...
-
ArticleCity of London Corporation staff accept pay deal
More than 250 workers at the City of London Corporation have accepted an improved pay deal, ending a long-running threat of industrial action.The workers at the local authority for London’s Square Mile financial centre are members of trade union Unite and employed in roles including security, police staff, grounds maintenance ...
-
ArticleAmazon invests $1.3 billion in pay for US employees
Credit: Sundry Photography / Shutterstock.comOnline retailer Amazon has invested $1.3 billion (£1.1 billion) into US customer fulfillment and transportation employees’ average hourly pay.This investment brings average pay for those roles to more than $20.50 (£16.66) per hour, which is a 50% increase over five years. Some locations will offer up ...
-
Supplier articleHow to Implement Genuine Sustainability Initiatives at Work
What do you think of when you hear the term ‘sustainability’? Green plants filling the office, colour-coded recycling bins or an array of reusable coffee cups? There are many small ways we can take eco-friendly approaches within the workplace. But when we look at the scale of ...
-
ArticleSociete Generale invests in closing gender pay gap
French multinational financial services firm Societe Generale has invested €100 million euros (£865.4 million) into a plan to try to close its gender pay gap.The firm, which employs 117,000 workers in 66 countries, will use the funds to boost remuneration of its female employees over the next two years. The ...
-
ArticlePensions (Extension of Automatic Enrolment) Bill receives Royal Assent
The Pensions (Extension of Automatic Enrolment) (No. 2) Bill has received Royal Assent.The bill, introduced in the House of Commons by Jonathan Gullis MP and taken through the House of Lords by Baroness Altmann, will see the age at which eligible workers must be automatically enrolled into a pension scheme ...
-
Supplier articleAddress the Cost of Living Crisis with your Workplace Pension
In a world where prices continue to climb, it’s crucial for businesses to be vigilant about any unnecessary financial costs. Yet, many businesses might be inadvertently losing money because they lack a competitive pension package. Think this isn’t a big deal? Dive into the details below and ...
-
AnalysisWhat do employees value most at Christmas?
Traditional festive gifts such as hampers and vouchers are still valued by employees, as long as choice and personalisation is also offered.More sustainable and socially conscious gifting options have emerged following increased focus on climate change.Due to the cost-of-living crisis, employees may value financial support to help them prepare for ...
-
Supplier articleRethinking Workplace Pensions for the Modern Era
Workplace pensions, as traditionally perceived, leave much to be desired. They have become synonymous with inefficiency, subpar returns, and a drain on team morale. While the idea of auto-enrolment stands tall as a commendable government initiative, ensuring a comfortable life for retirees’ post-employment, its execution seems to ...
-
Supplier articleSAVING 1% MORE COULD BOOST PENSION BY 25%
According to research* from WEALTH at work, 1 in 3 (33%) employees think they won’t be able to afford to retire at all due to increasing costs. Whilst 8 in 10 (83%) are concerned the cost of living crisis will mean they will have to work longer before retiring to ...