All Financial wellbeing articles – Page 28
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ArticleTipping Bill passes into law to make withholding tips illegal
The Employment (Allocation of Tips) Bill, or Tipping Bill, has received royal consent and passed into law, making the withholding of tips from staff illegal.The government predicted that this would protect more than two million employees, as well as allowing them to view an employer's tipping record. It also suggested ...
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ArticleNHS Staff Council agrees to 5% pay increase for health workers in England
NHS Employers and the NHS Staff Council have agreed to a pay rise that includes a non-consolidated payment for the current year, and a 5% raise for 2023-24.The non-consolidated payment for 2022-23 was agreed at between £1,655 and £3,789, equal to 8.2% for those in the lowest pay band, and ...
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ArticleGlaxoSmithKline plant employees strike after rejecting 6% pay deal
Employees of pharmaceutical business GlaxoSmithKline (GSK) have commenced a series of walkouts across the UK from today (2 May) in an ongoing dispute over pay.More than 160 employees, who are members of trade union Unite, rejected a pay offer which included a 6% increase and a one-off lump sum of ...
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Article4most employee trust makes significant payout to invested staff
Risk and data analytics consultancy 4most has received majority investment by Phoenix Equity Partners, providing those taking part in its employee ownership trust with an average payout of £150,000 each.Of 4most's 240 members of staff, approximately 150 were invested in the trust. Phoenix Equity Partners' acquisition of a majority stake ...
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ArticleLiverpool and Knowsley councils commit to real living wage for care workers
Two Merseyside local councils, Knowsley Council and Liverpool Council, have committed to paying government commissioned care workers the real living wage, from April 2023 and April 2024, respectively.The councils joined Wirral Council, which previously committed to pay the real living wage as a minimum, following trade union Unite's Stand Up ...
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Supplier articleBetter financial wellbeing better sleep
It’s true that money can’t buy happiness but, according to the State of America’s sleep study, being financially secure can buy you a great night’s sleep.Financial anxiety is affecting employees’ sleep, and in some cases causes insomnia. It’s reported that 30% of adults in the UK alone have poorer quality ...
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Case StudiesThe benefits offered by Ogi
The benefits on offer at Ogi:PensionGroup personal pension (GPP) plan, with an employer contribution of 5% and minimum employee contribution of 4%. Employees can choose to contribute through salary sacrifice or from net pay.Healthcare and wellbeingHybrid private medical insurance (PMI) and health cash plans available through employer-funded flexible benefits scheme, ...
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Case StudiesPodcast: Ogi takes a flexible approach to benefits in order to attract top talent
Employee Benefits · Employee Benefits/Ogi podcastListen: For Ogi, the Welsh broadband and internet service provider, a comprehensive benefits suite is a key tool in its talent attraction strategy. In this episode of the Employee Benefits podcast, Lisa Hand, people experience director, explains how having a benefits package that is truly ...
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ArticleCoastline Housing receives living pension accreditation
Cornish charitable housing association Coastline Housing has received living pension accreditation from the Living Wage Foundation.Launched last month, the living pension is a voluntary savings target for employers who want to help workers build up a pension that will provide enough income for everyday needs in retirement. The target is ...
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ArticleChessington World of Adventures gives engineers 13.53% pay rise
Credit: Lukasz Sadlowski / Shutterstock.comEngineers employed at theme park Chessington World of Adventures have called off planned strike action after accepting an improved pay offer of 13.53%.The dispute was a result of the engineers, responsible for ensuring the park's safety systems are fully operational, seeking a pay increase in line ...
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Supplier articleTop tips for using financial wellbeing support to become an employer of choice
The latest Financial Wellbeing Research (“the REBA research”) by The Reward & Employee Benefits Association (REBA) in association with WEALTH at work, reveals the need for employers to introduce their organisations to a range of financial wellbeing support that will help them to build the financial resilience of the workforce, ...
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ArticleMajestic increases wages and updates pay structure
Credit: William Barton / Shutterstock.comSpecialist wine retailer Majestic has raised the hourly pay of its retail employees to at least £10.60 as of this month, and introduced an incremental pay structure.Store staff received an average salary increase of 6.7% for 2023/24 as a result of the new hourly base rate ...
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ArticleTGI Fridays scraps free staff meals
Restaurant chain TGI Fridays has rescinded its policy of providing free meals for employees working 10-hour shifts, in order to focus on more equitable benefits for its whole workforce.The business acknowledged the impact of the current difficult economic circumstances, and stated that it was exploring a number of other benefit ...
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ArticleLloydsPharmacy gives staff 5.75% bonus
Credit: Michael715 / Shutterstock.comLloydsPharmacy pharmacists have agreed to a pay deal in which they will receive a 3.5% bonus payment this month, followed by a 2.25% bonus in October.According to the Pharmacists’ Defence Association (PDA) union, which led negotiations on behalf of the employees, everyone in the bargaining unit, including ...
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Supplier articleWhat are the perks of buying an electric car through salary sacrifice?
We asked Jonathan Watts-Lay, Director, WEALTH at work, about the perks of buying an electric car through salary sacrifice. He comments; “Paying for an electric vehicle through a workplace salary sacrifice scheme can offer considerable tax benefits.Salary sacrifice electric car schemes typically enable employees to lease an ...
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ArticleLush Cosmetics gives staff 10% pay rise
Lush Cosmetics has increased pay for its UK employees by more than 10% as of this month in order to pay its workforce a living wage.Its pay rate was raised to £10.90 per hour for staff aged 18 and above across the UK, and £11.95 per hour for those located ...
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OpinionLovewell's logic: Is the UK failing on pay despite high minimum rates?
The UK now has some of the highest minimum pay rates in the world, according to a report published by think-tank The Resolution Foundation this week. Its Low pay Britain 2023 report found that, among the world’s rich nations, only France, Korea and New Zealand currently have higher minimum wages, ...
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Supplier articleFamily-friendly benefits
It's no secret that when people have control over their money, they’re more likely to feel more secure, and experience holistic wellbeing, especially if they have dependents.Our global financial wellbeing report found that 55% of people in the world have the most basic money aspirations - they aspire simply to ...
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Supplier articleThing to consider when taking out debt
We ask Jonathan Watts-Lay, Director, WEALTH at work some of the things that people should consider when taking out debt.He comments; “Debt comes in many forms such as loans, credit cards or store cards. It is always something which needs to be carefully planned for and understood before it is ...
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AnalysisWhat financial wellbeing support should be offered around salary advance schemes?
It is important that salary advance schemes are explained properly so that staff fully understand how these operate and the costs involved.Many scheme providers will include financial education and guidance on how best to benefit from the scheme.Having access to data and monitoring usage each month can help identify if ...