All Financial wellbeing articles – Page 34
-
ArticleAldi raises warehouse staff pay
Supermarket chain Aldi has has increased pay for its approximately 7,000 UK warehouse staff, effective from 1 February.Employees at Aldi's 11 regional distribution centres across Britain, mostly comprising hourly-paid warehouse selectors, have been put on a minimum rate of £13.18 an hour, an increase from £11.48, which was set in ...
-
OpinionJoanne Frew: The impact of the Retained EU Law (Revocation and Reform) Bill
The political landscape has been incredibly unsettled, with three prime ministers in the space of two months. With Rishi Sunak now appointed and warning that the UK faces a profound economic challenge, it will be interesting to see what impact the new government may have on the labour market.All European ...
-
Supplier articleWhat is the impact of the cost of living crisis on people’s ability to save for retirement?
Since the pandemic, people have been faced with a multitude of challenges impacting their finances and none more so than the cost of living crisis. Recently, the pressures on household income has raised concerns that members will look at their pension contributions as a way of cutting back on their ...
-
Supplier articleHelping employees navigate through the cost of living crisis
As the cost of living crisis deepens, the squeeze on household income is set to continue for some time, impacting the financial wellbeing of employees.Although it can be daunting, it is crucial for employees to face financial issues head on and find the most effective route to get on top ...
-
ArticleTotal pay growth hits strongest rate since before pandemic
Growth in average total pay, including bonuses and regular pay but excluding bonuses, from September to November 2022 was 6.4%, according to the latest Office for National Statistics (ONS) figures.This was the strongest growth rate seen since before the Covid-19 (Coronavirus) pandemic.In September to November 2022, adjusted for inflation growth ...
-
Supplier articleTaking control of your finances in 2023
With increasing costs continually putting pressure on household finances, 2023 is set to be a financially challenging year for many. It’s therefore now more important than ever to support employees to take control of their finances to successfully navigate the cost-of-living crisis.To help, WEALTH at work, a leading financial wellbeing ...
-
AnalysisHow sustainable are employers’ pay strategies?
Record high inflation in the UK is resulting in some employers increasing pay levels in an attempt to keep up.Unless changes to pay strategy are underpinned by a clear rationale and aligned to a well-thought through reward initiative, they are at risk of being unsustainable in the long-term.Alongside one-off payments ...
-
Case StudiesShoosmiths supports staff with sustainable pay strategy
In 2022, London-based law firm Shoosmiths not only gave its employees a discretionary thank you payment equal to 3% of their salary in May, but also awarded them a £1,000 cost-of-living payment in September.The organisation, which employs more than 1,500 members of staff across 14 locations, also received living wage ...
-
ArticlePetrofac Repsol staff accept 20.2% pay increase
More than 200 Petrofac Repsol installations employees have accepted a salary increase of up to 20.2%, the cash equivalent of up to £18,000.The deal is the result of a year-long negotiation process undertaken with trade union Unite, and brings to a close weeks of industrial action over pay, terms and ...
-
Supplier article5 mistakes you're making in a wellbeing webinar
Webinars are being increasingly used by businesses to inform, teach new skills and inspire change and reflection in their target market. However, as with any kind of presentation, you’re up against waning attention spans and cynics in the audience. We’ve outlined some of the common traps businesses ...
-
ArticleShelter staff secure 7% pay rise
Credit: ClimbWhenReady / Shutterstock.comMore than 600 employees at housing and homelessness charity Shelter have accepted a 7% pay offer, ending a long-running pay dispute.The workers, who are members of trade union Unite, took part in a fortnight of strike action in London, Blackburn, Norwich, Manchester, Liverpool, Birmingham, Bournemouth, Plymouth, Newcastle, ...
-
ArticleVeolia gives Merseyside staff 10% pay rise
Waste management firm Veolia has made an improved pay offer of 10% to its almost 200 members of staff in Merseyside, putting an end to planned strike action.As part of a two-year deal secured by trade union Unite, staff based at 22 household waste sites will receive a 10% pay ...
-
ArticleEXCLUSIVE: Tails.com implements financial wellbeing platform
Tailored dog food delivery firm Tails.com has introduced a financial wellbeing platform for its more than 300 members of staff.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 ...
-
Supplier articleHow to Support Your Employees During the Cost of Living Crisis This January
It’s all you hear on the news, ‘the Cost of Living Crisis’— a time of sky-high interest rates, food prices, and surreal energy bills. In November 2022, the UK’s inflation rate hit 10.7%, surpassing that of the US and France. Despite the introduction of price caps and new emergency policies, ...
-
ArticleAnt Donaldson: How do you help employees beat the January blues?
The January blues can hit people any year. After all the fun of the festive season, the realisation that there are two more cold, dark months of winter to go, as well as counting the days to January pay day, can make it a bleak month at the best of ...
-
Supplier articleHow to speak to your team about personal finances
Conversations about finances between employers and employees can be awkward. There are often subtle moments where the more senior person’s position of authority is prominent. Staff can feel reluctant to open up about personal issues as a result, as they can potentially feel vulnerable and judged in these situations.Lots of ...
-
ArticleChew Valley Roofing becomes accredited living wage employer
Roofing services firm Chew Valley Roofing has become accredited as a living wage employer.The organisation has committed to pay every member of staff a minimum hourly wage of £10.90, which is higher than the government minimum for those aged 23 and above, which currently stands at £9.50 per hour and ...
-
ArticleTaylor Swift's feline friend earns £81.6 million as animal influencer
Something for the weekend: The cost-of-living crisis is of no concern to celebrity feline influencer Olivia Benson, who has earned a whopping $97 million (£81.6 million) net worth working alongside best friend Taylor Swift.The Scottish Fold earned her fortune starring alongside Swift in several music videos, in addition to having ...
-
ArticleSainsbury’s boosts pay to at least £11 an hour
Supermarket chain Sainsbury’s has increased the pay of 127,000 hourly paid employees to at least £11 per hour, in a policy that will be effective from February.As part of a £205 million investment, hourly retail pay at Sainsbury’s and Argos have been increased from £10.25 to £11.00 per hour, and ...
-
Supplier article7 essential graphs to shape your financial wellbeing strategy
If you lead HR, benefits or rewards at your organisation, these insights will help you plan your financial wellbeing strategy and move your people forwards.Inflation is putting pressure on every household in the UK and worldwide. It’s leading to unavoidable rises in household spending while wages remain the same.As a ...