All Financial wellbeing articles – Page 35
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ArticleHighlands and Islands Airport Group gives staff 7% pay rise
Credit: Liner / Shutterstock.comA total of 120 Highlands and Islands Airport Group employees have accepted a revised 7% pay rise, ending a long-running pay dispute and industrial action.The majority (93%) of the employees, comprising security staff, baggage handlers, ground crew, fire and rescue, and security and administration staff, voted to ...
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Supplier articleEmployee benefit trends 2023
Employee needs always change but there has never been a bigger shift in the history of people management than the fallout from COVID in 2019 and the economy in 2021. To add to the turmoil, stress levels continue to grow, as do people’s wellbeing and health challenges. Hybrid working is ...
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Supplier articleFinancial wellbeing calendar: why your activities need to be timely and pertinent
One important thing to consider when you’re planning financial wellbeing activities – like webinars and workshops – is how they align with key dates in the financial calendar. For many, personal finance can feel pretty unpredictable. Especially now. But there are, nonetheless, well-worn grooves shaped by predictable, ...
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ArticleScottish NHS staff accept 6.5% pay deal
All Scottish health unions have voted to accept NHS Scotland’s latest pay offer for 2023/24, which includes a pay increase.The deal will see most nurses, paramedics, midwives and porters receive a 6.5% rise, with a floor of £1,548 and a cap of £3,755.They will also receive a one-off non-consolidated amount, ...
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ArticleAmazon increases pay for UK operations staff
Online retail business Amazon has given its UK operations employees a pay increase as part of a more than £125 million pay investment made over the past seven months.The minimum starting pay for UK hourly paid Amazon workers will be raised to between £11 and £12 per hour, depending on ...
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Supplier articleWhat is financial wellness
If we were to ask you what wellness is, the answer you give would probably sound like this, ‘Being in control of your mental and physical health.’ But, you may or may not be surprised to hear that there is another important form of wellness to add to the mix; ...
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ArticlePhoenix Group and Herbert Smith Freehills become living pension employers
Insurers Phoenix Group and Aviva, and law firm Herbert Smith Freehills are among those that have signed up to become living pension employers, a scheme launched today (21 March) by the Living Wage Foundation.The Good Things Foundation, Wealthify and Citizens UK also signed up, making up the first six employers ...
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ArticleCurrys gives staff fourth pay rise in 18 months
Technology retailer Currys has awarded its 10,000 hourly paid store employees a pay rise, the fourth in 18 months, with rates increasing from £10.35 per hour to £10.50 across the UK.The rate will rise to £11.50 per hour for those located in London, with both increasing again to £10.80 and ...
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Supplier articleWhat Financial First Aiders are – and why every organisation needs them
Financial First Aiders are a new concept in employee wellbeing. In this article, we’ll explain what they are and why you need them in your organisation. We’ve entered spring with the cost of living crisis still wreaking havoc. Every bill that can go up has gone up. ...
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ArticleKingspan Water and Energy staff strike over pay
Credit: T. Schneider / Shutterstock.comStaff at fuel and water tank manufacturing firm Kingspan Water and Energy commenced strike action today (Monday 20 March) at its Northern Ireland factory, in a dispute over pay.Pickets went up at 6am, with the strike set to impact production for the business, which employs 200 ...
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Article36% with long-term health issues find it affects their ability to work
Six in 10 (60%) of those facing a long-term health issue said it reduced their ability to carry out daily tasks, while 36% said it impacted the amount or type of work they were able to do within their current job role, according to research by the Department for Work ...
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ArticleAmazon expands programme of paid language classes for staff
Global online retail organisation Amazon has expanded its programme of employer-paid language classes for employees.The employer added to its Career Choice programme in order to offer English language classes for free to those working in the 13 non-US countries the programme operates in.The change was made in order to reflect ...
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ArticleAldi increases pay for store assistants
Grocery retailer Aldi has raised pay for store assistants to £11.40 per hour nationally, and £12.85 per hour within the M25.The change in pay will take effect from 1 July 2023, and will benefit more than 28,000 employees, out of a total of 40,000 in the UK.Aldi has made an ...
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ArticleJohn Lewis will not pay employee bonus after £234m loss
Retailer John Lewis has announced that it will not be giving its employees a bonus for this year, after reporting a £234 million loss.The bonus is its annual share-out of profits, and all staff receive it as a percentage of their salary. The 2021/22 bonus was worth 3% of employees' ...
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ArticleSpring Budget 2023: Freeze on fuel duty for 12 months
Spring Budget 2023: The government has frozen fuel duty for another 12 months, according to Chancellor of the Exchequer Jeremy Hunt's speech to the House of Commons today (15 March 2023).Hunt told the Commons that he would extend the 5p per litre cut in duty on petrol and diesel and ...
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ArticleMedian monthly pay up by 6.7% year-on-year in February
Median monthly pay in February 2023 was £2,193, a 6.7% increase compared with the same period in 2022, according to the Office for National Statistics (ONS).The findings revealed that the median pay growth rate fell between March and May 2020, but 6.7% was higher than the average growth rate before ...
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Supplier articleHow can employees save cash during the cost of living crisis?
It’s no secret that people are feeling the pinch right now with the cost of living crisis in the UK. It’s tough out there, with prices for the necessities like food and energy on the rise. Everyone’s looking for ways to save some cash and as it ...
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AnalysisHow to implement flexible pension policies
Flexible pension policies can help employees shore up short-term financial wellbeing, while still saving for the future.In difficult periods, the ability to flexibly drop or pause pension contributions could be invaluable.Flexible policies should be combined with effective communication and education to ensure staff understand the impact of their choices.The word ...
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Case StudiesDeloitte gives staff control with flexible pension policy
In October 2022, professional services firm Deloitte introduced a flexible pension policy that gave its 22,000 UK employees more control over their finances, while still centring the importance of retirement savings.The policy allows staff to receive a cash payment in place of their pension contributions, in order to help people ...
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ArticleNHS junior doctors in England strike over pay
NHS junior doctors in England have commenced the first of three strike action days today (13 March) over a pay restoration dispute.A total of 98.06% of junior doctors who participated in the ballot voted to strike, with around 36,218 British Medical Association (BMA) members set to not attend any shifts ...