All Financial wellbeing articles – Page 3
-
ArticleJunior doctors accept 22% pay settlement
The British Medical Association’s junior doctors committee has accepted the government’s 22.3% pay settlement, after 66% of junior doctors in England voted in favour of the deal. Junior doctors, who from Wednesday 18 September will be known as resident doctors, had been in dispute since October 2022 ...
-
OpinionGail Irvine: How can employers encourage staff to save money?
UK Savings Week (9-15 September 2024) is a timely reminder of the financial challenges workers face when it comes to saving. The cost-of-living crisis has made it harder than ever before to set money aside, hitting the UK’s 3.7 million low-paid workers the hardest. For those on the lowest pay, ...
-
OpinionJennifer Roberts: How can employers encourage staff to save money?
At Central Co-op, we recognise that helping our employees with their financial wellbeing is an essential part of our staff wellbeing programme, called ‘We’ve got you’. Encouraging employees to save begins with creating a culture that prioritises financial health. At Central Co-op, we leverage our Difference Maker ...
-
OpinionAnt Donaldson: How can employers encourage staff to save money?
“May you live in interesting times” may be a clumsy rendering of the Chinese proverb, “It’s better to be a dog in a peaceful time than be a man in a chaotic period”, but it has certainly been relevant in recent years, through the pandemic, soaring inflation, ...
-
ArticleMore than 300 ScotRail staff accept pay rise
More than 300 workers employed by ScotRail have accepted a 4.5% pay rise offer following ongoing negotiations. The employees are general workers such as train cleaners, engineers, ticket agents, hospitality assistants and conductors, and staff who are part of the engineering grades. They provide maintenance, overhaul and ...
-
ArticleMajority of UK adults have moderate expectations for pension returns
The majority of UK adults admitted they only have moderate expectations for their pension returns, and prioritise stability in their retirement savings over higher-risk investments, a new survey by PensionBee has revealed. The consumer retirement market service’s survey, of both workplace and private pensions, included 1,000 UK ...
-
ArticleUniversity College London to give non-clinical staff pay increase
Credit: Stephen Plaster / Shutterstock.comUniversity College London has announced that it will award non-clinical staff a pay increase in their September salary payment following negotiations between the Universities and Colleges Employers Association (UCEA).Backdated to 1 August, full-time non-clinical staff on the national single pay spine will receive a £900 uplift ...
-
ArticleTesco loses Supreme Court case over fire and rehire proposals
Supermarket Tesco has lost its Supreme Court case against Usdaw over what the trade union called proposals to fire and rehire workers on less favourable terms. In 2007, Tesco planned to close some of its distribution centres and offered staff retained pay for them to relocate. It ...
-
ArticleMedian pay award falls to 4% for three months to July
The median pay award across the economy fell to 4% in the three months to July 2024, down from 4.8% in June, according to research by Incomes Data Research (IDR). Its latest analysis, which is based on a sample of 39 awards between 1 May and 31 ...
-
Supplier articlePluxee UK Answers the Question: What is Financial Wellbeing?
Financial wellbeing has become a regular component of the HR and employee wellbeing conversation, standing out as a distinct area of focus for both employers and employees. While we recognise it as a separate pillar of wellbeing, it connects with other aspects, such as mental, physical, and ...
-
ArticleBank of America raises minimum hourly wage for US employees
Bank of America has raised its minimum hourly wage for its US employees to $24 (£18.34) per hour as part of its commitment to increase the rate to $25 (£19.10) by 2025. As a result of the increase, which applies to all full-time and part-time hourly US ...
-
ArticleWelsh public sector staff receive pay rise between 5% and 6%
NHS staff, teachers and public sector workers in Wales will receive pay rises of between 5% and 6% in 2024-2025. The pay awards will impact hundreds of thousands of public sector workers across Wales. The Welsh government accepted the pay recommendations from independent pay review bodies in ...
-
ArticleA quarter of UK employers think DC pension will provide comfortable retirement
Only a quarter of UK employers think their defined contribution (DC) pension provision will leave their workers with a comfortable retirement, according to research by Willis Towers Watson (WTW). The insurance and financial services firm’s annual Defined contribution pensions and savings report, which surveyed 112 FTSE 350 ...
-
ArticleIndian nurse wins interim payout of unpaid wages
An Indian nurse who was sacked by a British care organisation has been awarded a £17,000 payout in unpaid wages. Kirankumar Rathod worked for Clinica Private Healthcare and was dismissed after he raised concerns that he was not being offered enough work. Rathod and a number of ...
-
Article47.5% of employers offer financial advice as an employee benefit
Employee Benefits poll: Almost half (47.5%) of organisations revealed that they offer financial advice as an employee benefit, according to a survey of Employee Benefits readers. The same number (47.5%) of respondents said that they do not offer financial advice as an employee benefit, while 5% said ...
-
ArticleABM Aviation workers at Stansted Airport accept pay rise
Around 200 workers employed by ABM Aviation at Stansted Airport have accepted a pay rise of 12.4%. The staff, who provide special assistance for the airport’s most vulnerable passengers, are members of trade union Unite. As part of the pay deal, they will also receive sick pay ...
-
ArticleAmazon raises minimum pay rates in UK by 10%
Credit: Sundry Photography / Shutterstock.com Retail giant Amazon has awarded a pay deal worth nearly 10% to its tens of thousands of UK employees, just weeks after narrowly winning a union recognition vote at a key facility. The online business said the rise would raise minimum pay ...
-
Supplier articleWEALTH at work launches new interactive financial wellbeing platform – ‘money&me’
WEALTH at work is delighted to have launched a new interactive financial wellbeing platform - ‘money&me’.Money&Me helps employees build their knowledge of money through gamified learning and provides a personalised experience that builds over time.It covers a range of financial topics including Managing Money, Tax, Savings & Investments, Financial Health, ...
-
ArticlePRS for Music recognised as living wage employer
Image credit: Andi Smallwood Music collective management organisation PRS for Music has been recognised as a living wage employer by the Living Wage Foundation. The employer, which is headquartered in London and has more than 500 employees, has committed to paying every PRS for Music employee a ...
-
ArticleExclusive: Asda rolls out workplace savings account benefit for employees
Supermarket Asda has rolled out a workplace savings account benefit for its 150,000 employees as of this week.Asda employees will be able to access a 4.7% annual equivalent rate (AER) workplace savings account, provided by financial benefits platform Wagestream, which is fully protected under the Financial Services Compensation Scheme.Compared to ...