All Financial wellbeing articles – Page 29
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Case StudiesTesco educates and supports staff through salary advance scheme
Supermarket chain Tesco supports the financial wellbeing of its workforce through a salary advance scheme in addition to regular pay rises and an extensive benefits proposition.The employer, which has 345,000 staff, initially trialled its salary advance scheme with 6,000 employees working in its large and convenience stores in Liverpool during ...
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ArticleAmazon staff in Coventry strike over pay
Hundreds of Coventry-based Amazon warehouse workers have begun a multiple-day strike over a pay row as of this week.Around 600 members of trade union GMB walked out at 6.30am today (Monday 17 April) as part of the dispute, asking for a pay rise to £15 an hour.According to Amazon, only ...
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ArticleBede’s becomes accredited living wage employer
Sussex-based boarding school Bede's School has become a living wage employer after receiving accreditation from the Living Wage Foundation.The St Bede’s School Trust, which runs a prep school in Eastbourne and senior school in Upper Dicker, currently employs 1,070 members of staff. As part of its commitment, all of its ...
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ArticleEXCLUSIVE: Kids Planet introduces enhanced parental benefits
EXCLUSIVE: Day nursery provider Kids Planet has introduced an enhanced package of benefits, including new parental leave policies, for 4,595 members staff caring for more than 15,000 children across its 156 UK nurseries.From 1 April 2023, the organisation introduced fertility leave and birthday leave, as well as implementing additional days ...
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ArticleSavills UK reduces mean gender pay gap by 8%
London-based real estate services business Savills UK has reported its mean gender pay gap for 2022, which shows a reduction of 8% compared with the year prior. Savills’ mean gender pay gap reduced from 26.03% in 2021 to 23.94% in 2022, while its median gap reduced from ...
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ArticleAria Care Home gives staff 30% pay rise
South Wales-based Aria Care Home, the trading name of Arcadia Care Homes, has increased pay for all employees by 30%, implementing a minimum hourly rate of £13.The Newport business has 24 employees, about to rise to 26, and was accredited as a real living wage employer in 2021. At the ...
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ArticleSuperdrug and Savers enhance wellbeing packages
Credit: William Barton / Shutterstock.comRetail businesses Superdrug and Savers, owned by AS Watson Group, have updated their benefits packages, including introducing financial wellbeing app Wagestream to educate, support and provide flexible pay for employees across both brands.AS Watson employs more than 140,000 people worldwide, more than 10,000 and 5,000 of ...
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Supplier articleOne Action a Week That Reduces Anxiety Around Personal Finances
New survey data reveals taking this one action a week helps people feel more in control of their finances or eases anxiety over debt — engaging with a work-related financial education program. Employer-provided financial tools may be more valuable than once thought in easing feelings of dread over personal finances, ...
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ArticleNetwork Homes gives staff £2,400 cost-of-living pay increase
Affordable housing association Network Homes has implemented a consolidated cost-of-living pay increase of £2,400 for each employee.The organisation decided on an overall pot of money, and then considered three different options for how to distribute the amount across its employee base.According to Network Homes, the chosen pay increase, which applies ...
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Supplier articleInclusive Financial Wellbeing Program
How to create an inclusive financial wellbeing program across a global organizationThe world is diverse, and so are our interpretations of how best to live a fulfilled and happy life. That sentiment spills into the workplace too. As an employer, you might be thinking, how do I keep everyone happy, ...
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ArticlePrestwick Airport gives staff 18% pay rise
Credit: lennystan / Shutterstock.comMore than 80 members of staff at Prestwick Airport in Glasgow, Scotland, have received an 18% pay rise, along with improvements to their terms and conditions.Trade union Unite represented the employees, who work as airport security, firefighters, airfield operators, ground handling and cargo crew, customer service, and ...
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Supplier articlePractical guide for actionable financial wellbeing advice for employers
We’ve taken our collective financial wellbeing knowledge, expertise, and experience of leading the market to write this practical guide of actionable guidance for employers. At the end of the piece, you’ll have everything you need to know to support the financial health of their employees. Whether you have solutions in ...
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ArticleA G Parfett and Sons gives staff 7.5% pay rise
Convenience store business A G Parfett and Sons has awarded its salaried workers a 7.5% pay rise to help with the rising cost of living.The Greater Manchester-based employer, which employs around 850 members of staff, has also given its weekly-paid employees an increase of 9.6% to their hourly rates.As part ...
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ArticleHolland and Barrett gives retail staff 9% pay rise
Health and wellbeing business Holland and Barrett has increased pay for its retail staff by 9%, with the rate rising from £10.05 to £11 an hour.With this increase, the hourly rate for store employees will have increased by 15% over the past year.Holland and Barrett, which employs more than 5,000 ...
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ArticleAsda introduces financial wellbeing app
Supermarket chain Asda has launched financial wellbeing support for its more than 140,000 members of staff through a partnership with financial wellbeing app Wagestream.Through the app, which was created with financial charities and impact organisations, Asda staff can switch to a flexible pay cycle, or earned wage access. They can ...
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Supplier articleHow to support your employees' financial wellbeing through hybrid working
According to Reward Gateway’s recent research*, 45% of employees who rate their wellbeing support as ‘poor’ say that cost of living pressures are making it more difficult to focus and be productive at work.With inflation causing steep rises across many day-to-day costs, employees are looking to their employers to help ...
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Case StudiesPodcast: Atradius' reward strategy supports employees through cost-of-living crisis
Employee Benefits · Employee Benefits/Atradius podcasListen: In this episode of the Employee Benefits podcast, Anne Middleton, head of HR for the UK and Ireland at Atradius, details how the organisation supports its employees' financial and mental wellbeing during difficult economic times.The Covid-19 pandemic highlighted the need for the trade credit ...
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Case StudiesBenefits on offer at Atradius
Pension and group riskTrust-based defined contribution pension with 12% employer, 3% employee minimum contributions.Additional voluntary contributions.Group income protection benefit that pays 75% up to state retirement age.Life assurance at 10-times salary.Healthcare and wellbeingPrivate medical insurance (PMI), subsidised for all employees. Employees pay £30 per month for individual cover and up ...
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ArticlePassport Office staff strike over pay and conditions
Credit: Richard Oldroyd / Shutterstock.comMore than 1,300 Passport Office employees commenced strike action today (3 April), continuing over several weeks in a dispute regarding jobs, pay and conditions.The employees, members of the Public and Commercial Services (PCS) union, will strike until 5 May, with around one in four workers of ...
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ArticleEuropean Union adopts pay transparency legislation
The European Parliament, the legislative body of the European Union (EU), has voted to accept pay transparency legislation that calls for employers to disclose salaries and existing gender pay gaps.Under the rules, employers will base their pay structures and levels on gender-neutral criteria and include gender-neutral job evaluation and classification ...