All Financial wellbeing articles – Page 32
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ArticleMarks and Spencer invests £57m in retail pay rise
Credit: patat / Shutterstock.comRetailer Marks and Spencer will give its retail employees a pay rise as of 1 April as part of a £57 million investment.More than 40,000 customer assistants will see their hourly rate increase from £10.20 to £10.90, while London-based staff pay will also increase from £11.25 to ...
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Supplier articleHow Mondel?z attracted top talent with discounts and wellbeing initiatives
Mondel?z is one of the biggest snack food companies globally. Home to brands like Oreo and Cadbury, and 80,000 employees across 80 countries, there is a huge need for a sophisticated talent attraction and retention offering. Mondel?z’s Rewards team sought to centralize its systems and fuel stronger wellbeing and engagement ...
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Supplier articleJoined-up financial wellbeing strategies are key to employers achieving HR goals
Financial wellbeing support is integral to employers being able to meet their high-level HR objectives, according to research by The Reward & Employee Benefits Association (REBA) in association with WEALTH at work .Nearly all (94%) respondents to the research hope to use their financial wellbeing strategy as a tool to ...
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ArticleB and Q and Screwfix give retail staff pay rise
Home improvement retailers B and Q and Screwfix, both owned by Kingfisher, have announced that shop floor workers will receive a pay rise to £10.60 from 1 April, an 8.2% and 9.3% increase, respectively.A higher rate of up to £11.85 per hour will be paid in some UK B and ...
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Supplier articleHow to boost your B Corp status with financial wellbeing
Across the country more and more companies are stepping up their ethics and making a real effort to improve their impact on society and the environment.This mirrors the rise in conscious shoppers who are saying no to fast fashion and bye-bye to businesses that underpay staff, reject sustainability or fail ...
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Supplier articleTHE SHARED BENEFITS OF A SALARY DEDUCT SCHEME
Salary sacrifice schemes are hugely popular among UK employees and employers. Whether your people need help buying a new bike, electric car or top tech or wish to purchase more annual leave – salary sacrifice schemes can make it affordable. We’re in a cost-of-living crisis, and the ...
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Case StudiesPodcast: Eden Hotel Collection launches holistic wellbeing strategy to support staff
Employee Benefits · Employee Benefits/Eden Hotel Collection PodcastListen: The Eden Hotel Collection has adapted its benefits proposition to ensure it is doing all it can to support employees during the current cost-of-living crisis. After a financial wellbeing survey in 2022, the organisation launched a holistic wellbeing strategy focused around money, ...
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Case StudiesBenefits on offer at the Eden Hotel Collection
The benefits offered by the Eden Hotel Collection:Pension Group personal pension for all employees, with a 5% employee and 3% employer contribution.Healthcare and wellbeing Health cash plan for all employees, employee-paid. Includes cash back for dentist and optician appointments, for example. Wellbeing platform.Wellbeing champions.Mental health first aiders.Wagestream financial wellbeing ...
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Supplier articleEmployer rethink around workplace financial support is key in times of crisis
Employers are under renewed pressure to rethink their workplace financial support packages in light of research[1] that reveals that two thirds (66%) of organisations rate their workplace debt management support as poor, despite government claims that Britons are living through the worst cost of living crisis in a generation.Half (50%) ...
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ArticlePopstar Pink introduces daughter to fair pay conversation with minimum wage tour job
Credit: Fred Duval / Shutterstock.comSomething for the weekend: American singer Alecia Moore, known professionally as Pink, has revealed that her daughter will be working a minimum wage job while she travels and performs with her on tour this year.Pink stated on US television chat show 'The Today Show' that her ...
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ArticleThe top 10 most-read articles between 17 - 23 February 2023
The top 10 most-read articles on www.employeebenefits.co.uk between 17 - 23 February 2023 were: Asda to increase retail pay by 10%Tesco raises hourly pay to above £11HSBC reports 45.2% mean gender pay gapTrial sees 92% of employers agree to continue four-day weekHermès implements global €4,000 bonusHalf of younger staff would ...
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ArticleHome Depot raises starting wage to $15 per hour minimum
Credit: Jonathan Weiss / Shutterstock.comUS home improvement business Home Depot has invested $1 billion (£830.9 million) in wage increases for its frontline hourly employees, raising its starting salary in every US market to or above $15 (£12.47) per hour.The pay changes came into effect earlier this month, with some employees ...
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Supplier articleFinancial wellbeing at work: best strategies to support your employees
Shaping a strategy for financial wellbeing at work can be tricky. Particularly with the cost of living crisis persisting like an oceanic fog. How do you know whether you're doing enough to support your employees?In this article, we’ll cover what employee financial wellbeing is, why it’s a win-win for employees ...
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Supplier articleThe steps to launch an impactful employee discounts programme
Supporting financial wellbeing with a world-class employee discounts programme has moved from being a nice to have to a necessity. Inflation is putting more pressure on employees and employers are having to think outside the box to support with the cost of living crisis. Employers do have the opportunity to ...
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ArticleTesco raises hourly pay to above £11
Supermarket chain Tesco has announced that it will increase hourly pay for store employees to £11.02 as of 2 April, to reflect the increasing cost of living.This 7% base pay rise is the third Tesco has given in the past 10 months, amounting to a more than £230 million investment. ...
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AnalysisWhat are the benefits of educating employees around pensions investments?
Need to know:There are plenty of benefits to getting employees engaged with their pensions investments, but employers should to be clear about what behaviour they want to encourage.Investments can be made meaningful by using layman's terms to explain the funds, and what they mean for employees.Bringing environmental, social, and corporate ...
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Case StudiesIngenuity starts with the basics of pension scheme investment communication
When it comes to communicating to employees about pension scheme investing, Gary Douglas, finance director of new business agency Ingenuity, is of the firm belief that you must get the basics right first.Ingenuity, which employs just under 80 people, has historically had quite a young staff body. Accordingly, pensions were ...
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Supplier articleOUR HOUSEHOLD SUPPORT CARD: THE FINANCIAL WELLBEING BENEFIT YOUR EMPLOYEES NEED
93% of adults have reported an increase in the cost of living compared with last year. Office for National Statistics. The monthly pay packet has never had to work so hard, with 7.8 million Brits struggling to keep up with the cost of their rising bills. The ...
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ArticleAsda to increase retail pay by 10%
Supermarket chain Asda has announced that it will give its hourly-paid retail employees a 10% pay increase, with its national rate rising from £10.10 to £11.00 per hour from 2 April, and £11.11 per hour from 2 July.As part of a £141 million investment in 2023 to boost hourly pay ...
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ArticleMVF Global launches cost-of-living support package
Online customer acquisition and lead generation firm MVF Global has introduced a cost-of-living support package for its 500 UK employees.The business partnered with financial wellbeing and money management platform Maji, after researching the market to find support that meets those most in need.MVF Global staff can sign up to a ...