All Financial wellbeing articles – Page 32
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Supplier articleRishi Sunak’s humorous numeracy
nudge co-founder, Tim Perkins, shares his thoughts on Rishi Sunak’s plan to make all students in England study maths until age 18. In an effort to “improve our lives” and “strengthen the UK economy”, Rishi Sunak recently announced a plan for students to study maths until 18 ...
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ArticleBP, Repsol and Shell contractors strike over pay
Bilfinger UK, Petrofac Facilities Management, Stork Technical Services, Sparrows Offshore Services and Wood Group contractors, working for oil and gas firms including BP and Repsol, have commenced a 48-hour strike in a dispute over jobs, pay and conditions.Around 1,200 electrical, production and mechanical technicians, deck crew, scaffolders, crane operators, pipefitters, ...
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ArticleCondé Nast cleaners win 11% pay rise
Credit: 360b / Shutterstock.comA group of cleaners working at the London offices of global media business Condé Nast, which owns Vogue, Vanity Fair and Tatler, among other brands, have won an 11% pay rise, backdated to 1 April.The employer outsources the cleaning of its offices at the Adelphi Building in ...
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ArticleStella McCartney and Herbert Smith Freehills shortlisted for Best pensions strategy
Fashion brand Stella McCartney and law firm Herbert Smith Freehills are among those employers on the shortlist for Best pensions strategy at the Employee Benefits Awards 2023.This award was created to recognise businesses that have developed a pensions strategy which best meets the needs of employees, whether that includes reviewing ...
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ArticleDial A Ride to pay £12,500 in unfair dismissal and holiday pay compensation
Non-profit transport service Dial A Ride, the trading name of Blackburn and Darwen Community Transport, has been ordered to compensate a former driver in a dispute concerning unfair dismissal, employment status and holiday pay.The case concerned claimant A Russell, who worked as a driver from 2018, providing transport for vulnerable ...
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ArticleAberdeen Met Office staff strike over pay and redundancy terms
Credit: chrisdorney / Shutterstock.comMet Office staff based in Aberdeen have commenced strike action today (10 May) in a dispute over pay, job losses and redundancy terms.This follows a previous Met Office strike on 15 March, and members of trade union Prospect have been working only their contracted hours and no ...
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Supplier articleWhat’s the Best Business ROI? Supporting Your People.
Your people are essential to the success and reputation of your business. So, it is only right that you do your best to support them, no matter where they are in life.When hiring a team you will be looking for the right skill set, the best attitude and a great ...
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ArticleSouth England ambulance staff strike in pay row
South Central Ambulance Service NHS Trust and South East Coast Ambulance Service NHS Trust staff have commenced further strike action from today (9 May) as a result of an ongoing pay dispute.The employees, members of trade union Unite, will walk out from midday to 10pm at picket lines in Portsmouth, ...
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ArticleThe top 10 most-read articles between 28 April - 4 May 2023
The top 10 most-read articles on www.employeebenefits.co.uk between 28 April and 4 May 2023 were: Ovo Energy launches flexible bank holidaysGlaxoSmithKline plant employees strike after rejecting 6% pay dealCo-op introduces enhanced flexible compassionate leaveNHS Staff Council agrees to 5% pay increase for health workers in EnglandCadent accredited as menopause-friendly employerEXCLUSIVE: ...
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Supplier articleHigh net-worth money habits
Earning lots of money, or being born wealthy doesn’t mean you’re good with money. Why? Because our relationship with money is emotional - not circumstantial. 70% of lotto winners end up bankrupt and 48% people with six figure salaries are living pay-check to pay-check, have debt and ...
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ArticleMaking Space increases pay in line with real living wage
Social care charity Making Space has increased pay by 10%, or the equivalent of £1,950 per year for full-time staff, in order to bring wages up to the level of the living wage.Employees at social care services run by the charity, amounting to more than 1,000 people across England, received ...
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ArticleOcado and Tesco Stores shortlisted for Best financial wellbeing strategy
Grocery retail giants Ocado and Tesco Stores are among those shortlisted for the Best financial wellbeing strategy category at the Employee Benefits Awards 2023.At a time when living costs and inflationary pressures are rising, this award recognises those employers which succeeded in improving and supporting the financial wellbeing of staff ...
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ArticleQuarter of large employers have seen increase in pension scheme opt-outs
A quarter (26%) of large employers have seen an increase in the number of pension scheme opt-outs among employees in the face of the cost-of-living crisis, according to research by Cushon.The research, conducted among more than 2,000 UK organisations employing 500-plus employees, found that pension scheme opt-outs were one of ...
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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, ...