All Financial wellbeing articles – Page 30
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Case StudiesPodcast: Fox Agency's benefits proposition fully supports hybrid-working employees
Listen: With a hybrid-working employee base, Fox Agency reviewed its benefits proposition to ensure that it offers rewards that are meaningful to its staff.In this episode of the Employee Benefits podcast, Emma Loizidis, head of people at the marketing agency, explains why it was important for the business to create ...
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Case StudiesThe benefits offered by Fox Agency
Benefits on offer at Fox Agency:PensionSalary sacrifice pension arrangement; employees are automatically enrolled after three months' service. Employee contribution 5% and employer contribution 3%.Healthcare and wellbeing£25 monthly wellbeing allowance.Employee assistance programme: 24-hour helpline for all issues and telephone counselling if required.In-house mental health first aider.Personal trainer and Yoga sessions, every ...
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ArticleTotalEnergies staff accept 15.5% pay rise
Credit: Sirozy / Shutterstock.comWorkers employed by TotalEnergies on the Elgin Franklin and North Alwyn platforms and the Shetland Gas Plant in Scotland have accepted a 15.5% pay rise.Around 70 of the employees, who are control room operators, mechanical, operations and production technicians, and engineers, voted to accept the pay offer.The ...
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ArticleParfetts awards 4% sales growth bonus to staff
Cash and carry business Parfetts has awarded its 1,000 employees a 4% sales growth bonus as part of its Employee Ownership (EO) Day (23 June) celebrations.This is higher than the 2% bonus that employees received in 2022, along with a £500 cost-of-living bonus.Employees at eight of Parfetts’ depots enjoyed music, ...
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ArticleUniversity of Edinburgh joiners strike over pay
Joiners employed by the University of Edinburgh have begun strike action for 72 hours starting today (23 June) in a long-running dispute over pay.The estates department workers, who are represented by trade union Unite, have taken industrial action due to being paid around £2,000 a year less than locksmiths.The employees ...
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ArticleExclusive: Papier launches financial wellbeing platform
Stationary brand Papier has introduced a financial wellbeing platform for its 99 employees.The platform, provided by Bippit, gives employees access to one-to-one financial coaching with a professionally qualified Financial Conduct Authority (FCA) coach matched to their needs, after they answer questions about their financial concerns.The service offers tools for Papier ...
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ArticleBP Petrofac workers accept 9% wage increase
Around 90 workers on BP Petrofac installations have accepted a 9% wage increase, bringing a long-running dispute to an end.The BP Petrofac installations include Andrew, Clair, Clair Ridge, ETAP, and the Glen Lyon floating production, storage and offloading facility.The employees, who are members of trade union Unite, include electrical, production ...
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Article33% of employers to offer pay awards of 5% or more
One-third (33%) of employers will offer pay awards of 5% or more in 2023, according to research by ethical reward management consultancy Paydata.Its spring 2023 UK reward management survey, which surveyed HR and reward professionals across 208 organisations representing nearly half a million employees, also found that 37% will offer ...
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ArticleWHSmith, Marks and Spencer and Argos fail to pay minimum wage
WHSmith, Marks and Spencer, and Argos are among more than 200 employers which have been named by government for failing to pay their lowest-paid staff the minimum wage.Investigations by His Majesty’s Revenue and Customs (HMRC) found that 202 employers failed to pay their workers almost £5 million in a breach ...
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ArticleManchester Metrolink staff accept 6.5% pay rise
Credit: Zhao Zheming / Shutterstock.comMore than 600 Manchester Metrolink employees have accepted a 6.5% pay rise, ending an ongoing dispute and threat of strike action.The workers, who are members of trade union Unite, will also receive a £1,000 one-off payment as part of the deal, which is worth more than ...
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ArticleSt Petrocs accredited as living wage employer
St Petrocs, an organisation that aims to end homelessness in Cornwall, has received living wage accreditation from the Living Wage Foundation.The accreditation is part of its public commitment to its staff, meaning all of its employees will receive a minimum hourly wage of at least £10.90, which is higher than ...
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ArticleFirst West Yorkshire bus drivers strike over pay
Credit: Tupungato / Shutterstock.comA total of 800 First West Yorkshire bus drivers in Leeds have begun continuous strike action as of yesterday (18 June) in a dispute over not moving the date on which new pay rises are enacted back to its original month.The workers are based out of First ...
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ArticleBristol Airport becomes accredited living wage employer
Bristol Airport has become a living wage employer after receiving real living wage accreditation from the Living Wage Foundation.As part of the airport and its business partners' commitment, all employees aged 23 and above will now be paid £10.90 per hour, which is higher than the government’s current £9.50 an ...
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ArticleEducation Authority staff strike over pay
More than 700 workers employed by the Education Authority in Northern Ireland have begun seven days of strike action as of 15 June over a pay dispute.A total of 94% of employees voted for industrial action, with school bus drivers, escorts and maintenance workers, catering staff, classroom assistants, playground supervisors, ...
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ArticleFalck firefighters at Glasgow Airport accept pay increase
Credit: oleschwander / Shutterstock.comAround 50 Falck firefighters based at Glasgow Airport have secured an annual pay increase worth £3,262 on average following union negotiations by Unite.The pay deal for staff who perform fire safety functions at the airport is an increase on the employer’s previous 5% pay offer, which was ...
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ArticleExclusive: Kirklees Council and Leeds City Council shortlisted for Best public sector benefits
Kirklees Council and Leeds City Council have been shortlisted in the category Best public sector benefits at the Employee Benefits Awards 2023.New for 2023, this award is aimed at public sector organisations that cover public goods or government services, such as law enforcement, the military, infrastructure, public transport, public education, ...
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AnalysisHow can employers build the case for aligning financial and mental wellbeing strategies?
Need to know:Financial worries affect the bottom line, with a poll by the Chartered Management Institute (CMI) finding the majority of employers believe the cost-of-living crisis has caused stress and anxiety that have affected productivity levels.Many organisations already offer benefits that can support employees’ financial wellbeing, whether as a core ...
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Case StudiesZuto prioritises financial and mental wellbeing with comprehensive benefits suite
Zuto is a fintech in the used car finance space. It employs 450 people, known as Zutonites, across its Macclesfield head office and Manchester contact centre. Mary Beighton, people and culture director at Zuto, says: “We’re growing quickly so we have to be competitive to attract and retain employees. To ...
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ArticleCoca Cola staff accept up to 18% pay rise
Credit: Katherine Welles / Shutterstock.comCoca Cola Europacific Partners (CCEP) staff based at its soft drinks plant in Wakefield, Yorkshire have accepted an up to 18% pay rise, ending the threat of strike action.The deal will see employees’ salaries increase between £3,476 and £3,876 in the first 12 months, with further ...
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ArticleJust 13% of UK staff feel benefits align with their needs
Just 13% of UK employees feel that their employer’s benefits provision closely aligns with their needs, compared to 59% of US staff, according to research by Benefex.Its analysis found that 96% of HR and reward professionals have seen a significant shift in employee attitudes and behaviours towards benefits over the ...