All Financial wellbeing articles – Page 38
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ArticleBarratt Homes gives staff second £1,000 cost-of-living payment
Housebuilder Barratt Homes is to give an additional £1,000 to 95% of its workforce in order to help with the rising cost of living.More than 6,800 employees under the firm’s grade 5a tier will be eligible for the payment. The support will not change other pay-related benefits, such as pension ...
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ArticlePetrofac staff strike over pay dispute
Around 146 workers at Petrofac-owned Repsol assets at several North Sea oil and gas installations have begun strike action today (16 November) over pay.The deck crew, platers, pipe fitters, electricians and riggers, who are based at the Flotta terminal in Orkney and the Fulmar platform, will take part in a ...
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ArticleNumber of below living wage jobs to jump to 5.1 million in 2023
The amount of jobs paying below the real living wage has been forecast to jump to 5.1 million next year, despite the number of workers earning below the rate standing at the lowest it has been in 10 years (3.5 million), according to new research.The Living Wage Foundation’s findings revealed ...
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Supplier articleIS CHRISTMAS 2022 CAUSING EMPLOYEE STRESS LEVELS TO RISE?
Halloween is last week’s news, and it is officially acceptable to talk about Christmas – even though, from a business perspective, it’s been on all our minds for a while. It’s also International Stress Awareness Week, so we’re once again focusing on this subject.We recently talked about How to avoid ...
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ArticleAnchor accredited as living wage employer
Housing and elder care provider Anchor has received real living wage employer accreditation from the Living Wage Foundation.As of 22 September, the UK living wage rate for those outside of London increased to £10.90 per hour, while those based in London receive £11.95 per hour.The business, which employs more than ...
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ArticleStagecoach Hull gives staff 20% pay rise
More than 250 Stagecoach workers in Hull have accepted a two-year pay deal worth 20% after suspending further strike action.The bus drivers, who were on strike for four weeks, have received a pay increase to £12.50, backdated to May 2022. This will then increase to £13 from December 2022, £13.25 ...
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ArticlePWC launches discount scheme and virtual financial wellbeing support
Professional services firm PricewaterhouseCoopers (PWC) has introduced a new shopping discounts portal for its 22,000 UK employees, as well as hosting virtual events to help support financial wellbeing.The portal, provided by Reward Gateway, replaces an older system and aims to give staff easier access to a wider range of discounts ...
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ArticleA quarter of staff have had cost of living help from their employer
Just one-quarter (25%) of employees have received additional assistance from their employers to help manage the rising cost of living, outside of annual salary increases, according to HR services provider Randstad.The research, which surveyed 7,000 people across five markets, also revealed that 57% were not expecting any additional help in ...
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ArticleNewcastle City Council increases pay for lowest earners
Newcastle City Council has increased wages by £1 per hour for 800 of its lowest-paid employees, as part of its commitment to fair pay and maintaining a decent standard of living.The eligible employees include school cooks, domestic staff, cleaners and nursery assistants, among others, and the overall pay increase will ...
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ArticleTangerine Group rewards staff with profit share bonus
Animal health and nutritional brand business Tangerine Group has rewarded 57 of its employees with more than two years of service with an annual profit share bonus.The staff have shared a £400,000 bonus pot, with those who have been with the organisation the longest receiving up to £10,000 in their ...
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ArticleRoyal National Institute of Blind People offers workforce financial education
Sight loss charity Royal National Institute of Blind People (RNIB) has provided access to financial education to its employees and others with sight loss.The charity partnered with global financial education benefit provider Nudge, which has made sure that its technology now complies with the web content accessibility guidelines. It has ...
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ArticleUniversity of Sheffield gives staff £1,000 cost of living payment
The University of Sheffield has awarded a £1,000 payment to all of its employees, equating to an £8.4 million investment, in response to the rising cost of living.Casual workers and graduate teaching assistants will be provided with an equivalent increase in their hourly rate of pay for any work they ...
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ArticleWincanton gives Asda HGV drivers 9.5% pay rise
More than 80 heavy goods vehicle (HGV) drivers employed by Wincanton on an outsourced contract, delivering food to Asda’s regional distribution centres, have accepted a 9.5% pay increase.The drivers, who are members of the trade union Unite, are based at Wincanton’s depot in Rochdale, Greater Manchester. They were previously paid ...
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AnalysisBuyer’s guide to retail and discount voucher schemes
What are retail and discount voucher schemes?Employee discount voucher schemes come in various forms, all of which aim to provide staff with savings on a range of purchases, from everyday shops to big-ticket items and the latest technology. There are three main types of scheme, which might fall under different ...
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ArticleEXCLUSIVE: AutoRek launches financial wellbeing tool for staff
Financial control and data management solutions provider AutoRek has introduced a financial wellbeing and coaching tool for its more than 140 employees.Through the platform provided by Bippit, can access one-to-one financial coaching from a professional matched to their needs, after answering a series of questions about their financial concerns.Also available ...
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ArticleDisability pay gap rises to 17.2% for 2022
Non-disabled employees now earn one-sixth (17.2%) more than disabled workers in 2022, an increase from the 16.5% disability pay gap last year, according to analysis published by the Trades Union Congress (TUC).The research found that the disability pay gap for 2022 was £2.05 an hour, or £3,731 per year for ...
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ArticlePrinces Group gives staff one-off payment and 7% raise
Food and drink organisation Princes Group has agreed to a 7% pay rise, as well as an additional one-off payment, for its 700 employees.Trade union Unite secured the increase for the members of staff based at sites in Glasgow, Bradford, Cardiff and Long Sutton, Lincolnshire, who produce a range of ...
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ArticleLloyds Bank offers employees minimum £2,000 pay rise
Banking organisation Lloyds Bank has offered its staff either a £2,000 pay rise or a 5% lift in salary up to a maximum of £5,000, whichever is greater.According to a notice published by trade union Unite to its members at the bank, the pay offer equates to an increase of ...
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Video
How to design a financial education and wellbeing strategy that works for your employees
VIDEO: Georgia Rule, reward business partner at the AA, presented a session titled ‘How to design a financial education and wellbeing strategy that works for your employees’ on 6 October at Employee Benefits Live 2022.Key points covered within the session included:Financial education and wellbeing is more important than ever; it ...
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Video
How to help colleagues feel they are in control of their money with the cost-of-living crisis
VIDEO: Katherine Thomas, HR systems and rewards specialist, Kirsty Fraser, UK HR manager, and Kelly Drew, human resources advisor at Claranet, presented a session titled ‘How to help colleagues feel they are in control of their money with the cost-of-living crisis’ on 6 October at Employee Benefits Live 2022.Key points ...