All Financial wellbeing articles – Page 36
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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 ...
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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 ...
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AnalysisBuyer’s guide to financial education
What is financial education?Financial education as a benefit can take many forms. At its simplest, it could simply mean providing online or workplace-based resources which employees can access in order to boost their understanding of their finances. At the higher end, financial education programmes can be holistic, providing multimedia resources, ...
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Supplier articleRetiring in turbulent times: what employees need to consider
Inflation in the UK was at a 41 year high in October at 11.1% and is expected to remain high for some time, intensifying the existing cost-of-living crisis. It is a difficult time for many people, but what about those planning to retire?WEALTH at work, a leading financial wellbeing and ...
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Supplier article5 ways to help your staff save during a cost of living crisis
The cost of living crisis is affecting us all - in various degrees and in different ways.As prices surge everywhere you look, from supermarket shelves to your energy meter, the idea of trying to set aside savings seems impossible.But the lack of a cash buffer is causing many people stress ...
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Supplier articleThe True Cost of Eldercare Absenteeism
And the implications to productivity, finances and wellbeingThere are a multitude of workplace benefits out there to help with annual leave, mental health, child care and remote working. Each one is designed to boost workplace culture and ensure organisations can retain and recruit the very best employees. You could say ...
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AnalysisBuyer’s guide to financial education
What is financial education? Financial education as a benefit can take many forms. At its simplest, it could mean providing online or workplace-based resources which employees can access in order to boost their understanding of their finances and the benefits available to them. At the higher end, financial education programmes ...
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Supplier article4 ways financial wellbeing can help beyond the cost of living crisis
For many of us, our journey into financial education starts when we leave home.It often feels like we’ve been thrown in the deep end - with a salary to manage, tax to understand and rent to pay - because we did not learn these vital lessons at school.Claro Wellbeing research ...
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Article53% of employers planning pay rises of at least 5% in 2023
More than half (53%) of employers said they intend to give staff pay increases of at least 5% in 2023, according to an Incomes Data Research poll.The survey of 181 large private sector organisations found that 24% anticipated awarding an increase of 6% or more, and 25% intended to make ...
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ArticleSoaring Santa demand means sackfuls of cash for festive entertainers
Something for the weekend: Santas little helpers can name their price this year, as US-based holiday entertainer hiring website HireSanta.com has revealed it is overwhelmed with tree-mendously high demand.In a video interview with news website NPR, Mitch Allen, founder and self-described ‘head elf’ at HireSanta.com, explained that the business has ...
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Supplier articleThe Carers Leave Bill - Is It Enough for your Employees?
Recently, there has been a huge step in the right direction for the support of those in the workplace with caregiving responsibilities. The Carer’s Leave Bill, which grants ‘unpaid carers’ a week of unpaid leave has been approved and backed by the Government.According to The Carers Trust, an unpaid carer ...
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Supplier articleSix ways to support employees with money worries
The current and growing cost of living crisis that’s now impacting so many people across the UK could prove to be even more of a disruptor to employees than the pandemic was. According to our recent survey, over 9 in 10 workers say the cost of living crisis is as ...
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ArticleNursing staff strike in dispute over fair pay
Approximately 100,000 nursing staff have commenced strike action across England, Northern Ireland and Wales today (15 December) in an ongoing dispute about fair pay and patient safety.The nurses have campaigned for a pay rise, and announced their intention to resort to industrial action last month, stating that without pay to ...
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AnalysisWhat will the top reward trends be in 2023?
The cost-of-living crisis and looming recession has led to a stronger focus on support which will follow into the new year, with some employers looking at cost-effective options.Due to the struggle for talent and the rising costs of living, pay awards are expected to be higher next year than in ...
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Supplier article5 reasons why you should support your employees' financial literacy
Financial literacy is a term you may be hearing more and more these days, but what does it actually mean?Put simply, financial literacy is the level of knowledge you need to make well-informed decisions about your finances. Rather than a random stab in the dark, you’re equipped with the right ...
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Article18% of employers offer staff a salary advance scheme
Employee Benefits poll: Almost a fifth (18%) of organisations offer a salary advance scheme allowing staff to access their wages before payday, according to an online survey among Employee Benefits readers.Conversely, 54% of respondents said that they do not offer a scheme of this kind. However, 31% revealed that while ...
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ArticleJacob’s Cream Crackers gives factory staff 6.5% pay rise
Credit: Claudio Divizia / Shutterstock.comMore than 750 factory employees for Jacob's Cream Crackers, owned by Pladis, secured an improved pay deal after 11 weeks of strike action.The employees, who also make Mini Cheddars, Clubs and Twiglets at the site in Aintree, the primary facility for the business' products in the ...
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Supplier articleWhy financial wellbeing should be on an equal footing with mental and physical health
The Oxford Dictionary defines health as ‘the state of being free from illness or injury’.What’s important to note is that the explanation doesn’t refer to any particular division of health, whether that’s physical, mental or even financial. Rather, health relates to being in a fault-free condition.By this definition, health is ...
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ArticleThe top 10 most-read articles between 2 - 8 December 2022
The top 10 most-read articles on www.employeebenefits.co.uk between 2 and 8 December 2022 were: Natwest gives 59,000 employees cost-of living paymentHachette UK gives staff cost-of-living payment and increases holidayAxa UK introduces free period products in all UK offices Asos and UK Power Networks make Inclusive Top 50 UK Employers ListGeneral ...
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ArticleSTR Group rewards staff with 5% salary increase
International recruitment firm STR Group has given its workforce a pay rise worth 5%, an investment of more than £250,000, as of 1 January 2023.The business, which employs 150 members of staff, carried out a full-scale review of salary bandings and made changes to its salary and commission schemes as ...