All Financial wellbeing articles – Page 33

  • arti2
    Supplier article

    How to ease cost of living burdens with low-cost initiatives

    2023-02-17T08:33:30Z

    Low budgets getting you down?The Cost of Living crisis is not going anywhere. As inflation continues to rise, employers still face finding new ways to maximise employees' disposable income without the expense of a company-wide pay rise. In our handy eBook, you'll discover:Why pay rises fall short of employee expectation ...

  • Untitled-1-1
    Supplier article

    6 simple health and wellbeing apps to introduce to your employees

    2023-02-17T03:21:58Z

    In the workplace, in recent years, the approach we take to wellbeing now extends much further beyond simply how an employee feels. Indeed, employers now recognise that they should take a holistic approach to wellbeing. In this, employers acknowledge that bad workplace wellbeing affects the number of sick days employees ...

  • claro-3
    Supplier article

    Why should you support your employees’ money management?

    2023-02-16T08:39:49Z

    As an employer, there are many benefits you are legally required to provide so that the overall wellbeing of your employees is cared for. But there is also room for some non-legal requirements, known as perks, that can aid the everyday life of your team.Good perks can have positive trickle-down ...

  • mitie front-line workers
    Case Studies

    Mitie focuses on front-line reward as cost-of-living crisis mounts

    2023-02-16T06:00:47Z

    Strategic outsourcing and energy services business Mitie has tight margins, but still sees the importance of protecting and supporting front-line staff during difficult periods, meaning it has to focus on benefits that are affordable for the business, but make a real difference to employees.Jasmine Hudson, chief people officer at Mitie, ...

  • cost-of-living crisis
    Analysis

    How is the cost-of-living crisis affecting what employees want from their benefits packages?

    2023-02-16T06:00:21Z

    The cost-of-living crisis has employees demanding pay rises in line with inflation, but many employers are unable to afford this long-term.Benefits that support financial wellbeing and education, including day-to-day budgeting and discounts, can help pay stretch further without raising pay.Employers should focus on practices that are sustainable and work for ...

  • Zurich UK offers two weeks’ emergency leave to working parents
    Article

    Zurich UK enhances financial support package for employees

    2023-02-15T11:46:10Z

    Insurance group Zurich UK has introduced a package of financial wellbeing support for its 5,000 UK employees, and has donated more than £2 million to charities and national and local partners selected by employees.In order to support employees during the cost-of-living crisis, this week Zurich introduced financial education, webinars, access ...

  • pay growth
    Article

    Average pay growth high but failing to keep pace with inflation

    2023-02-14T11:41:22Z

    Growth in total pay, including bonuses, was 5.9% in the final quarter of 2022, while pay growth excluding bonuses was 6.7%, according to the latest labour market data from the Office of National Statistics (ONS).For pay excluding bonuses, this was the highest growth rate seen outside of the Covid-19 pandemic.In ...

  • natwest
    Article

    NatWest acquires majority shareholding in savings fintech Cushon

    2023-02-14T11:23:23Z

    Credit: William Barton / Shutterstock.comBanking organisation NatWest Group has acquired 85% shareholding in workplace savings and pensions fintech Cushon, with the remaining 15% retained by Cushon management.NatWest made the move in order to offer commercial customers and their employees a suite of financial wellbeing products. It follows similar acquisitions by ...

  • What-is-Social-Value_onHand-1
    Supplier article

    What is Social Value: Key trends and factors to consider in 2023

    2023-02-14T09:16:43Z

    You might have noticed that it’s becoming more and more important for businesses to do good and to prove they’re doing good. This has led to lots of discussion around social value – and this is a trend that’s likely to continue throughout 2023 and beyond.So, if you’re still wondering ...

  • claro-2
    Supplier article

    Gen Z to Baby Boomers: how financial stress affects generations differently

    2023-02-14T08:30:44Z

    Many organisations are creating new programmes and policies to support their employees’ financial wellbeing. But how are different generations of employees coping amidst the cost of living crisis?And how can you ensure you help every employee, across every key life stage?In autumn 2022, Claro Wellbeing conducted a nationally-representative survey of ...

  • strike
    Article

    Higher education staff across UK strike over pay offer

    2023-02-10T12:01:03Z

    Higher education employees at institutions across the UK, including Glasgow, Edinburgh, Leeds and more, have commenced strike action over a pay offer.Administrators, cleaners, library, security and catering staff are among those taking industrial action, with many having also walked out last September, October and November.The dispute is over a pay ...

  • Tynan-headshot
    Article

    Barton’s blog: What are the limits to employers’ cost-of-living support?

    2023-02-10T11:15:15Z

    This week we have seen more employers implement policies to help staff with cost-of-living increases, but it poses the question: how far will employers go in their efforts to offer support?In recent months we have seen examples of energy bills paid for by employers, as well as pay rises and ...

  • 9 February 2023
    Article

    The top 10 most-read articles between 3 - 9 February 2023

    2023-02-10T09:00:18Z

    The top 10 most-read articles on www.employeebenefits.co.uk between 3 - 9 February 2023 were: Half of private sector pay awards will give at least 5% in 2023J Murphy and UK Power Networks named best UK big employers for Q1 2023EXCLUSIVE: 90% say flexible pay improves their financesRolls-Royce reports 1.6% mean ...

  • Finnebrogue Artisan Mash Direct
    Article

    Finnebrogue Artisan and Mash Direct team up to offer employee food bundles

    2023-02-09T12:38:14Z

    Irish food producers Finnebrogue Artisan and Mash Direct have joined forces to offer their workforces food bundles to help ease cost-of-living pressures.The County Down-based businesses have committed products to each other on a weekly basis in order to create the food bundles, which employees can access via a newly created ...

  • pension
    Article

    20% of DC pension members opting out or reducing savings

    2023-02-09T11:47:28Z

    One in five defined contribution (DC) pension schemes reported an increase in requests to reduce or opt out of pension savings over the past three months, according to research by Aon.The data came from the professional services firm’s first edition of DC Today, a pulse survey tracking UK DC schemes, ...

  • 4th-Feb-1
    Supplier article

    4 ways staff money worries are hurting your business

    2023-02-09T08:45:51Z

    Financial stress is one of the leading factors affecting mental health today.Almost three quarters (73%) of working adults say they are worried, unhappy or stressed about their finances, according to research by Claro Wellbeing, and it’s affecting our work, relationships and overall wellbeing.Many people across different industries and salary brackets ...

  • flexible pay
    Article

    EXCLUSIVE: 90% say flexible pay improves their finances

    2023-02-07T12:27:04Z

    EXCLUSIVE: Nine in 10 (90%) employees reported that their financial situation is either stable or improved after switching to a flexible pay cycle, according to research from Wagestream.The financial wellbeing provider's whitepaper 'Unlocking the pay cycle' was authored by its head of impact and inclusion Emily Trant, with advisory input ...

  • cps barristers pay
    Article

    Crown Prosecution Service awards barristers 15% pay rise

    2023-02-07T12:01:28Z

    Credit: TK Kurikawa / Shutterstock.comThe Crown Prosecution Service (CPS) has given prosecution barristers a 15% pay rise to counteract the shortfall in advocates willing to take instructions.The increase in fees was announced by Max Hill KC, CPS’ director of public prosecutions, at a Bar Council meeting. The move was made ...

  • shutterstock_1150302644-1
    Supplier article

    Key areas employees should understand if they are made redundant

    2023-02-07T09:14:15Z

    Facing redundancy can be an intimidating time, therefore it is important for employees to be aware of their rights and have a clear overview of their finances. WEALTH at work have provided an overview of some of the key areas that employees will need to understand if they are made ...

  • Mexa Solutions
    Case Studies

    Mexa Solutions goes beyond pay to support everyday financial wellbeing

    2023-02-07T06:00:44Z

    IT recruitment consultancy Mexa Solutions, founded by brothers Simon and Bob Bath seven years ago, gave its team a 10% pay rise in October 2022 to mitigate the financial burdens they may be facing in the current uncertain times.The pay rise did not come with any stipulations about increased output ...