All Financial wellbeing articles – Page 27
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ArticleLidl GB increases pay for 24,500 employees
Lidl GB has increased pay for its 24,500 employees, representing an £8 million investment and a total £60 million investment into pay over the past year.From this month, store and warehouse staff working outside the M25 will see their hourly pay increase to £11.40 from £11.00, rising to £12.30 with ...
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ArticleMatt Damon and Ben Affleck offer to pay salaries of striking staff at Jimmy Kimmel Live
Credit: Tinseltown / Shutterstock.comSomething for the weekend: Hollywood actors Matt Damon and Ben Affleck have offered to pay the salaries of staff at American talk show Jimmy Kimmel Live for two weeks.Show host Jimmy Kimmel revealed the kind offer in this week’s debut episode of Spotify podcast Strike Force Five, ...
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ArticleThe top 10 most-read articles between 25 - 31 August 2023
The top 10 most-read articles on employeebenefits.co.uk between 25 - 31 August were: McDonald’s Australia implements staff wellbeing appTribunal orders Greatwell Homes to pay £50,000 in maternity leave rowNetwork Rail withdraws annual bonuses for striking employeesChesterfield Council staff strike over payStandard Chartered enhances global parental leave benefitsSt Mungo’s employees accept ...
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ArticleGovernment confirms it will reinstate equal pay protection legislation
The government has confirmed it is to reinstate equal pay protection legislation after previously scrapping the European Union (EU) law behind it.The protection was axed among other laws after the UK left the EU as part of the Retained EU Law (Revocation and Reform) Act 2023 which was passed in ...
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ArticleEngland and Wales Cricket Board equalises fees for female players
The England and Wales Cricket Board (ECB) has increased match fees for England’s women cricket players to bring them in line with male players, effective immediately.The change was recommended in the Independent Commission for Equity in Cricket report, which was published in June. This found that women were paid 25% ...
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ArticleExclusive: Coastline Housing to discuss living pensions at Employee Benefits Live 2023
Nathan Mallows, director of finance, people and change at Coastline Housing, will present a session about the living pension on the final day of Employee Benefits Live 2023.Titled Living pensions: are your pension arrangements fair and equitable? the session will take place on Wednesday 4 October at 1.45pm.Part of the ...
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ArticleThatcham Research introduces financial wellbeing scheme
Automotive risk intelligence firm Thatcham Research has implemented a financial wellbeing scheme for its 259 employees. The programme, which is provided by wealth management and professional services group Evelyn Partners, will give Thatcham Research’s employees access to a digital platform with built-in financial coaching by qualified professionals, ...
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ArticleChesterfield Council staff strike over pay
More than 100 housing maintenance workers employed by Chesterfield Council have begun strike action today (Tuesday 29 August) in a dispute over pay.The employees, who are members of trade union Unite, will take strike action tomorrow as well, as they claim they have not received a pay rise for 15 ...
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Supplier articlePotential big gains ahead for ‘Save As You Earn’ share plan savers
Potential big gains ahead for ‘Save As You Earn’ share plan savers- How employees can reduce investment risk and avoid unnecessary taxMany Save As You Earn (SAYE) share plans are due to mature in the coming months and years, with some employees likely to have doubled, or even tripled the ...
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ArticleFirst South bus drivers receive cost-of-living payment
Credit: Keith Ryall / Shutterstock.comBus drivers employed by First South have been awarded a £600 one-off cost-of-living payment, ending strike action planned for this month.Following negotiations led by trade union Unite on behalf of its members, First South agreed to make a lump sum payment to the workers in a ...
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ArticleATP to guarantee minimum earning levels for tennis players
The global governing body of men’s professional tennis ATP has announced it is to launch a financial security programme for players in 2024 as part of a three-year trial.Its Baseline programme has been designed to ensure a greater number of players can make a sustainable living from the sport. The ...
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ArticleTetley employees secure 7% pay increase
Almost 200 Tetley workers based in Teesside have accepted a 7% pay rise.The employees work for Tata Consumer Products, which produces Tetley products for the UK and Canada, and are members of trade union GMB. The pay rise will be backdated to 1 April.The workers began a ballot for strike ...
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Article27% of under 35s have calculated required retirement income
Just one-quarter (27%) of UK staff aged under 35 have worked out how much they will need to live on in retirement, according to research by Royal London.The mutual life, pensions and investment firm, which surveyed 4,000 UK adults, also found that two-fifths (38%) of adults under the age of ...
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ArticleAstraZeneca and BAE Systems CEOs have highest FTSE 100 pay
AstraZeneca, BAE Systems and BP have been named as FTSE 100 organisations with the highest chief executive officer (CEO) pay, according to research by the High Pay Centre.Its latest report found that Pascal Soriot of AstraZeneca was the highest paid CEO, making £16.85 million, ahead of Charles Woodburn of BAE ...
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ArticleScottish junior doctors accept 12.4% pay rise
Scottish junior doctors have accepted a 12.4% pay increase for 2023–24 backdated to April, bringing an end the threat of industrial action.A total of 81.64% of British Medical Association (BMA) Scotland members voted in favour of the offer, with a 71.24% turnout. Along with the 4.5% pay rise awarded in ...
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ArticleThe top 10 most-read articles between 11 - 17 August 2023
The top 10 most-read articles on employeebenefits.co.uk between 11 - 17 August were: Tesco Ireland enhances staff health and wellbeing benefits30% of staff prefer CDC pension for decumulation over an annuity or drawdownScotRail staff accept improved pay dealExclusive: A fifth of employees worry about money every dayMedian monthly pay up ...
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Supplier articleSAVINGS ON BACK-TO-SCHOOL ESSENTIALS
EMPLOYEE EXPERIENCE SERIES: SUPPORTING WORKING PARENTS: SAVINGS ON BACK-TO-SCHOOL ESSENTIALS Our third blog on supporting parents in the workplace explores how you can help your employees save on back-to-school essentials through our discounts platform and employee cashback card. Purchasing everything children need for school is expensive, but ...
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ArticleScotRail staff accept improved pay deal
Employees at Scottish railway service ScotRail have voted to accept an improved pay offer made by their employer through a referendum that closed yesterday (Monday 14 August).As part of the deal, train drivers will see a 5% basic pay rise for 2023/24, backdated to 1 April, with a further 1% ...
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ArticleMedian monthly pay up 7.8% year-on-year
Median monthly pay for July 2023 has been estimated at £2,274, a 7.8% increase from July 2022 and the highest rate since 2001, according to data from the Office for National Statistics (ONS).Its latest labour market figures revealed that this was a decrease from £2,308 in June 2023, which was ...
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Article30% of staff prefer CDC pension for decumulation over an annuity or drawdown
Almost one-third (30%) of UK defined contribution (DC) savers said they prefer a collective defined contribution (CDC) pension for a decumulation option at retirement instead of an annuity or drawdown, according to new research.Global professional services firm Aon and financial services provider Aegon’s new whitepaper Collective DC decumulation – is ...