All Financial wellbeing articles – Page 34
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Supplier articleOne Action a Week That Reduces Anxiety Around Personal Finances
New survey data reveals taking this one action a week helps people feel more in control of their finances or eases anxiety over debt — engaging with a work-related financial education program. Employer-provided financial tools may be more valuable than once thought in easing feelings of dread over personal finances, ...
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ArticleNetwork Homes gives staff £2,400 cost-of-living pay increase
Affordable housing association Network Homes has implemented a consolidated cost-of-living pay increase of £2,400 for each employee.The organisation decided on an overall pot of money, and then considered three different options for how to distribute the amount across its employee base.According to Network Homes, the chosen pay increase, which applies ...
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Supplier articleInclusive Financial Wellbeing Program
How to create an inclusive financial wellbeing program across a global organizationThe world is diverse, and so are our interpretations of how best to live a fulfilled and happy life. That sentiment spills into the workplace too. As an employer, you might be thinking, how do I keep everyone happy, ...
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ArticlePrestwick Airport gives staff 18% pay rise
Credit: lennystan / Shutterstock.comMore than 80 members of staff at Prestwick Airport in Glasgow, Scotland, have received an 18% pay rise, along with improvements to their terms and conditions.Trade union Unite represented the employees, who work as airport security, firefighters, airfield operators, ground handling and cargo crew, customer service, and ...
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Supplier articlePractical guide for actionable financial wellbeing advice for employers
We’ve taken our collective financial wellbeing knowledge, expertise, and experience of leading the market to write this practical guide of actionable guidance for employers. At the end of the piece, you’ll have everything you need to know to support the financial health of their employees. Whether you have solutions in ...
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ArticleA G Parfett and Sons gives staff 7.5% pay rise
Convenience store business A G Parfett and Sons has awarded its salaried workers a 7.5% pay rise to help with the rising cost of living.The Greater Manchester-based employer, which employs around 850 members of staff, has also given its weekly-paid employees an increase of 9.6% to their hourly rates.As part ...
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ArticleHolland and Barrett gives retail staff 9% pay rise
Health and wellbeing business Holland and Barrett has increased pay for its retail staff by 9%, with the rate rising from £10.05 to £11 an hour.With this increase, the hourly rate for store employees will have increased by 15% over the past year.Holland and Barrett, which employs more than 5,000 ...
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ArticleAsda introduces financial wellbeing app
Supermarket chain Asda has launched financial wellbeing support for its more than 140,000 members of staff through a partnership with financial wellbeing app Wagestream.Through the app, which was created with financial charities and impact organisations, Asda staff can switch to a flexible pay cycle, or earned wage access. They can ...
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Supplier articleHow to support your employees' financial wellbeing through hybrid working
According to Reward Gateway’s recent research*, 45% of employees who rate their wellbeing support as ‘poor’ say that cost of living pressures are making it more difficult to focus and be productive at work.With inflation causing steep rises across many day-to-day costs, employees are looking to their employers to help ...
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Case StudiesPodcast: Atradius' reward strategy supports employees through cost-of-living crisis
Employee Benefits · Employee Benefits/Atradius podcasListen: In this episode of the Employee Benefits podcast, Anne Middleton, head of HR for the UK and Ireland at Atradius, details how the organisation supports its employees' financial and mental wellbeing during difficult economic times.The Covid-19 pandemic highlighted the need for the trade credit ...
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Case StudiesBenefits on offer at Atradius
Pension and group riskTrust-based defined contribution pension with 12% employer, 3% employee minimum contributions.Additional voluntary contributions.Group income protection benefit that pays 75% up to state retirement age.Life assurance at 10-times salary.Healthcare and wellbeingPrivate medical insurance (PMI), subsidised for all employees. Employees pay £30 per month for individual cover and up ...
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ArticlePassport Office staff strike over pay and conditions
Credit: Richard Oldroyd / Shutterstock.comMore than 1,300 Passport Office employees commenced strike action today (3 April), continuing over several weeks in a dispute regarding jobs, pay and conditions.The employees, members of the Public and Commercial Services (PCS) union, will strike until 5 May, with around one in four workers of ...
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ArticleEuropean Union adopts pay transparency legislation
The European Parliament, the legislative body of the European Union (EU), has voted to accept pay transparency legislation that calls for employers to disclose salaries and existing gender pay gaps.Under the rules, employers will base their pay structures and levels on gender-neutral criteria and include gender-neutral job evaluation and classification ...
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ArticleThe top 10 most-read articles between 24 - 30 March 2023
The top 10 most-read articles on www.employeebenefits.co.uk between 24 - 30 March 2023 were: Welsh government gives teachers 3% pay riseBurberry reports 2.7% mean ethnicity pay gapFacebook reports 2.8% mean hourly gender pay gapCadent accredited as fertility-friendly employerMitie accredited as silver standard inclusive employer West Midlands National Express gives drivers ...
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ArticleGreensleeves Care gives staff 10.1% pay rise
Care home business Greensleeves Care has given its 1,600 members of staff a minimum 10.1% pay rise as part of an £8.4 million investment.Frontline employees will receive the increase in April. The investment was the biggest the firm has ever made for staff pay. It already pays at least the ...
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ArticleHiggs accredited as living wage employer
Midlands-based law firm Higgs has received accreditation from the Living Wage Foundation.Employees at the firm will receive a minimum hourly wage of £10.90, exceeding the government’s minimum wage rate of £9.50 for those aged above 23, which is due to increase to £10.42 as of next month.The hourly figure set ...
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Supplier article2023 Global Financial Wellbeing Report: Why financial education breaks organizational barriers and helps individuals thrive.
Financial anxiety is on the mind of everyone these days. From inflation and global market disruptions to anxiety about retirement funds and financial scams, people are on a razor’s edge. Even long-time financial institutions don’t feel safe.This anxiety isn’t an issue for people in one or two countries or just ...
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ArticleWest Midlands National Express gives drivers 16.2% pay increase
More than 3,100 West Midlands National Express drivers voted to accept an improved pay offer, ending bus strikes in the region.The offer included a one-year 16.2% pay increase and improvements to accident pay and hourly rates when working over the Christmas holidays. According to trade union Unite, National Express also ...
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ArticleGovernment introduces law to protect seafarers’ pay
The UK government has implemented legislation designed to protect seafarers from receiving pay levels below the national minimum wage.The Seafarers’ Wages Act received Royal Assent on Friday 23 March, preventing firms from using legal loopholes to pay low wages to seafarers. This was introduced as part of the government’s nine-point ...
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ArticleWelsh government gives teachers 3% pay rise
Almost three-quarters (73%) of Welsh National Education Union (NEU) member teachers voted to accept the Welsh government’s 3% pay rise offer, ending an ongoing dispute.Minister for Education and Welsh Language Jeremy Miles put forward the offer for this academic year (2022-23), which will be fully funded by the Welsh government. ...