All Financial wellbeing articles – Page 28
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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 ...
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Case StudiesPodcast: Emcor UK aligns benefits proposition with employees' expectations
Employee Benefits · Emcor UK podcastListen: Facilities management firm Emcor UK recognises the important role that a strong benefits proposition plays in the attraction and retention of key talent in a competitive marketplace.In this episode of the Employee Benefits podcast, Nicola Shephard, head of reward, benefits and people analytics, talks ...
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ArticleExclusive: NHS Black Country Integrated Care Board introduces financial wellbeing platform
The NHS Black Country Integrated Care Board (ICB) has implemented a financial wellbeing platform as part of its investment in the wellbeing of its 550 employees.The platform, which is provided by Bippit, gives employees access to free and professional one-to-one sessions with financial coaches holding Financial Conduct Authority (FCA)-recognised qualifications. ...
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Supplier articleStrategies for Boosting Workforce Engagement: A Guide for HR Leaders
Navigating the challenges of boosting workforce engagement can be daunting for HR and people managers, but the benefits to the organisation are well worth the effort. At Penfold, we've wrestled with these issues ourselves and have distilled some effective strategies for you. Let's delve into how you can enhance engagement ...
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AnalysisWhat impact will the living pension initiative have on employees’ retirement outcomes?
As a voluntary savings target, the living pension initiative sets out the minimum annual contribution needed to afford basic living costs in retirement.Employers should ensure that employees who increase their contributions in line with this are not saving at a rate they cannot afford.Organisations should engage employees in their future ...
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Case StudiesHerbert Smith Freehills supports employees’ future with living pension
When law firm Herbert Smith Freehills was approached about taking part in the living pension pilot, it was keen to support what it saw as a vital initiative not just for its own employees, but for society in general.Operating from 25 offices across the Asia Pacific, Europe, Middle East and ...