All Financial wellbeing articles – Page 33
-
Case StudiesPodcast: Ogi takes a flexible approach to benefits in order to attract top talent
Employee Benefits · Employee Benefits/Ogi podcastListen: For Ogi, the Welsh broadband and internet service provider, a comprehensive benefits suite is a key tool in its talent attraction strategy. In this episode of the Employee Benefits podcast, Lisa Hand, people experience director, explains how having a benefits package that is truly ...
-
ArticleCoastline Housing receives living pension accreditation
Cornish charitable housing association Coastline Housing has received living pension accreditation from the Living Wage Foundation.Launched last month, the living pension is a voluntary savings target for employers who want to help workers build up a pension that will provide enough income for everyday needs in retirement. The target is ...
-
ArticleChessington World of Adventures gives engineers 13.53% pay rise
Credit: Lukasz Sadlowski / Shutterstock.comEngineers employed at theme park Chessington World of Adventures have called off planned strike action after accepting an improved pay offer of 13.53%.The dispute was a result of the engineers, responsible for ensuring the park's safety systems are fully operational, seeking a pay increase in line ...
-
Supplier articleTop tips for using financial wellbeing support to become an employer of choice
The latest Financial Wellbeing Research (“the REBA research”) by The Reward & Employee Benefits Association (REBA) in association with WEALTH at work, reveals the need for employers to introduce their organisations to a range of financial wellbeing support that will help them to build the financial resilience of the workforce, ...
-
ArticleMajestic increases wages and updates pay structure
Credit: William Barton / Shutterstock.comSpecialist wine retailer Majestic has raised the hourly pay of its retail employees to at least £10.60 as of this month, and introduced an incremental pay structure.Store staff received an average salary increase of 6.7% for 2023/24 as a result of the new hourly base rate ...
-
ArticleTGI Fridays scraps free staff meals
Restaurant chain TGI Fridays has rescinded its policy of providing free meals for employees working 10-hour shifts, in order to focus on more equitable benefits for its whole workforce.The business acknowledged the impact of the current difficult economic circumstances, and stated that it was exploring a number of other benefit ...
-
ArticleLloydsPharmacy gives staff 5.75% bonus
Credit: Michael715 / Shutterstock.comLloydsPharmacy pharmacists have agreed to a pay deal in which they will receive a 3.5% bonus payment this month, followed by a 2.25% bonus in October.According to the Pharmacists’ Defence Association (PDA) union, which led negotiations on behalf of the employees, everyone in the bargaining unit, including ...
-
Supplier articleWhat are the perks of buying an electric car through salary sacrifice?
We asked Jonathan Watts-Lay, Director, WEALTH at work, about the perks of buying an electric car through salary sacrifice. He comments; “Paying for an electric vehicle through a workplace salary sacrifice scheme can offer considerable tax benefits.Salary sacrifice electric car schemes typically enable employees to lease an ...
-
ArticleLush Cosmetics gives staff 10% pay rise
Lush Cosmetics has increased pay for its UK employees by more than 10% as of this month in order to pay its workforce a living wage.Its pay rate was raised to £10.90 per hour for staff aged 18 and above across the UK, and £11.95 per hour for those located ...
-
OpinionLovewell's logic: Is the UK failing on pay despite high minimum rates?
The UK now has some of the highest minimum pay rates in the world, according to a report published by think-tank The Resolution Foundation this week. Its Low pay Britain 2023 report found that, among the world’s rich nations, only France, Korea and New Zealand currently have higher minimum wages, ...
-
Supplier articleFamily-friendly benefits
It's no secret that when people have control over their money, they’re more likely to feel more secure, and experience holistic wellbeing, especially if they have dependents.Our global financial wellbeing report found that 55% of people in the world have the most basic money aspirations - they aspire simply to ...
-
Supplier articleThing to consider when taking out debt
We ask Jonathan Watts-Lay, Director, WEALTH at work some of the things that people should consider when taking out debt.He comments; “Debt comes in many forms such as loans, credit cards or store cards. It is always something which needs to be carefully planned for and understood before it is ...
-
AnalysisWhat financial wellbeing support should be offered around salary advance schemes?
It is important that salary advance schemes are explained properly so that staff fully understand how these operate and the costs involved.Many scheme providers will include financial education and guidance on how best to benefit from the scheme.Having access to data and monitoring usage each month can help identify if ...
-
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 ...
-
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 ...
-
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 ...
-
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 ...
-
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 ...
-
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 ...
-
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 ...