All Financial wellbeing articles – Page 37
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Case StudiesBenefits on offer at the Eden Hotel Collection
The benefits offered by the Eden Hotel Collection:Pension Group personal pension for all employees, with a 5% employee and 3% employer contribution.Healthcare and wellbeing Health cash plan for all employees, employee-paid. Includes cash back for dentist and optician appointments, for example. Wellbeing platform.Wellbeing champions.Mental health first aiders.Wagestream financial wellbeing ...
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Supplier articleEmployer rethink around workplace financial support is key in times of crisis
Employers are under renewed pressure to rethink their workplace financial support packages in light of research[1] that reveals that two thirds (66%) of organisations rate their workplace debt management support as poor, despite government claims that Britons are living through the worst cost of living crisis in a generation.Half (50%) ...
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ArticlePopstar Pink introduces daughter to fair pay conversation with minimum wage tour job
Credit: Fred Duval / Shutterstock.comSomething for the weekend: American singer Alecia Moore, known professionally as Pink, has revealed that her daughter will be working a minimum wage job while she travels and performs with her on tour this year.Pink stated on US television chat show 'The Today Show' that her ...
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ArticleThe top 10 most-read articles between 17 - 23 February 2023
The top 10 most-read articles on www.employeebenefits.co.uk between 17 - 23 February 2023 were: Asda to increase retail pay by 10%Tesco raises hourly pay to above £11HSBC reports 45.2% mean gender pay gapTrial sees 92% of employers agree to continue four-day weekHermès implements global €4,000 bonusHalf of younger staff would ...
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ArticleHome Depot raises starting wage to $15 per hour minimum
Credit: Jonathan Weiss / Shutterstock.comUS home improvement business Home Depot has invested $1 billion (£830.9 million) in wage increases for its frontline hourly employees, raising its starting salary in every US market to or above $15 (£12.47) per hour.The pay changes came into effect earlier this month, with some employees ...
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Supplier articleFinancial wellbeing at work: best strategies to support your employees
Shaping a strategy for financial wellbeing at work can be tricky. Particularly with the cost of living crisis persisting like an oceanic fog. How do you know whether you're doing enough to support your employees?In this article, we’ll cover what employee financial wellbeing is, why it’s a win-win for employees ...
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Supplier articleThe steps to launch an impactful employee discounts programme
Supporting financial wellbeing with a world-class employee discounts programme has moved from being a nice to have to a necessity. Inflation is putting more pressure on employees and employers are having to think outside the box to support with the cost of living crisis. Employers do have the opportunity to ...
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ArticleTesco raises hourly pay to above £11
Supermarket chain Tesco has announced that it will increase hourly pay for store employees to £11.02 as of 2 April, to reflect the increasing cost of living.This 7% base pay rise is the third Tesco has given in the past 10 months, amounting to a more than £230 million investment. ...
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AnalysisWhat are the benefits of educating employees around pensions investments?
Need to know:There are plenty of benefits to getting employees engaged with their pensions investments, but employers should to be clear about what behaviour they want to encourage.Investments can be made meaningful by using layman's terms to explain the funds, and what they mean for employees.Bringing environmental, social, and corporate ...
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Case StudiesIngenuity starts with the basics of pension scheme investment communication
When it comes to communicating to employees about pension scheme investing, Gary Douglas, finance director of new business agency Ingenuity, is of the firm belief that you must get the basics right first.Ingenuity, which employs just under 80 people, has historically had quite a young staff body. Accordingly, pensions were ...
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Supplier articleOUR HOUSEHOLD SUPPORT CARD: THE FINANCIAL WELLBEING BENEFIT YOUR EMPLOYEES NEED
93% of adults have reported an increase in the cost of living compared with last year. Office for National Statistics. The monthly pay packet has never had to work so hard, with 7.8 million Brits struggling to keep up with the cost of their rising bills. The ...
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ArticleAsda to increase retail pay by 10%
Supermarket chain Asda has announced that it will give its hourly-paid retail employees a 10% pay increase, with its national rate rising from £10.10 to £11.00 per hour from 2 April, and £11.11 per hour from 2 July.As part of a £141 million investment in 2023 to boost hourly pay ...
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ArticleMVF Global launches cost-of-living support package
Online customer acquisition and lead generation firm MVF Global has introduced a cost-of-living support package for its 500 UK employees.The business partnered with financial wellbeing and money management platform Maji, after researching the market to find support that meets those most in need.MVF Global staff can sign up to a ...
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Supplier articleHow to ease cost of living burdens with low-cost initiatives
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 ...
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Supplier article6 simple health and wellbeing apps to introduce to your employees
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 ...
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Supplier articleWhy should you support your employees’ money management?
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 ...
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Case StudiesMitie focuses on front-line reward as cost-of-living crisis mounts
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, ...
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AnalysisHow is the cost-of-living crisis affecting what employees want from their benefits packages?
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 ...
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ArticleZurich UK enhances financial support package for employees
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 ...
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ArticleAverage pay growth high but failing to keep pace with inflation
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 ...