All Financial wellbeing articles – Page 38

  • EMBED-KINDNESS-AND-TOLERANCE-INT
    Supplier article

    EMBED KINDNESS AND TOLERANCE INTO YOUR WORKPLACE CULTURE WITH AN END-TO-END WELLBEING STRATEGY

    2022-11-24T08:44:00Z

    Positive workplace culture is a recruitment must-have When Ian Hodson, Head of Reward at the University of Lincoln, spoke at EB Live 2022, he provided research showing that the workforce of tomorrow wants to experience workplace culture in the office environment, absorbing everything it entails. Since Sunday, ...

  • Mitie and Bupa among Top 50 inclusive employers
    Article

    Mitie introduces £10 million staff support package

    2022-11-23T12:23:44Z

    Facilities management and professional services business Mitie has launched a £10 million winter support package to help its workforce with the rising costs of living.The employer stated that it is focusing its support on its lowest-paid employees, with 40,000 set to benefit.As of this month, Mitie has launched a new ...

  • WestMidlandMetro
    Article

    West Midlands Metro staff accept up to 20.1% pay deal

    2022-11-23T12:00:02Z

    Credit: Alex Daniels / Shutterstock.comCrew members employed by West Midlands Metro have called off strike action after accepting an improved pay offer.Under the pay deal, existing tram crew with 12 months or longer of service will receive a 20.1% pay increase by April 2023, with 15% of it backdated to ...

  • CompassGroup
    Article

    Compass Group rolls out salary advance scheme for employees

    2022-11-22T12:26:57Z

    Credit: JHVEPhoto / Shutterstock.comContract caterer Compass Group has launched a salary advance scheme for its 50,000 British and Irish staff, to help in the face of financial hardship and a worsening cost-of-living crisis.The advance option gives monthly salaried employees the ability to withdraw up to 50% of their earned pay ...

  • strike
    Article

    Staff at 19 UK universities strike over pay

    2022-11-22T11:59:55Z

    Staff employed by 19 higher education institutions have commenced strike action over pay this week, starting with Glasgow Caledonian University, where employees began striking yesterday (21 November) and have continued today.Administrators, cleaners, library, security and catering workers, some of the lowest paid in the university sector, are among those taking ...

  • cubitts
    Article

    EXCLUSIVE: Cubitts introduces financial wellbeing platform for staff

    2022-11-22T11:12:45Z

    EXCLUSIVE: Glasses maker Cubitts has launched a financial wellbeing platform for its more than 150 members of staff.The platform, provided by Bippit, offers employees access one-to-one financial coaching from a regulated and impartial professional matched to their needs, after answering a series of questions about their financial concerns.The service also ...

  • total reward offering
    Analysis

    How to engage staff with a total reward offering

    2022-11-22T06:00:04Z

    To engage employees with a reward package, it needs to be clearly communicated, easy to understand and impactful in order to show its true value.The increasing use of personal devices to access benefits means that digital methods are often more effective.Factoring reward package reviews into formal milestones, such as six-month ...

  • livingwagerate
    Article

    Levy UK to pay real living wage from 2023

    2022-11-21T11:31:27Z

    Sports and leisure business Levy UK has committed to pay its more than 1,000 employees the real living wage as a minimum from 1 January 2023.Staff will earn an hourly wage of at least £10.90, which is the real living wage rate for employees across the UK, with those based ...

  • Virgin Money
    Article

    Virgin Money gives staff 10% pay rise

    2022-11-21T10:42:04Z

    Bank Virgin Money has awarded its 7,500 members of staff a pay rise of 10% on average, following a 43% increase in annual profits due to rising UK interest rates.The business announced the pay increase internally this month, following 92% of trade union Unite’s members at Virgin Money voting in ...

  • Success4All
    Article

    Success4All accredited as living wage employer

    2022-11-18T10:50:33Z

    Educational charity Success4All has been accredited as a living wage employer by the Living Wage Foundation.To gain accreditation, the charity committed to paying its workforce a minimum hourly wage of £10.90, which is higher than the £9.50 per hour government minimum for those aged 23 and above, and the newly ...

  • Tesco
    Article

    Tesco launches salary advance scheme for staff

    2022-11-18T10:38:06Z

    Supermarket chain Tesco has introduced a benefit that will allow its 280,000 employees to access up to 25% of their contractual pay early.The scheme, provided by Salary Finance, costs a single set fee of £1.49 per advance, and aims to help staff avoid payday loans or debt with high interest ...

  • 17 November 2022
    Article

    The top 10 most-read articles between 11 - 17 November 2022

    2022-11-18T09:00:43Z

    The top 10 most-read articles on www.employeebenefits.co.uk between 11 and 17 November 2022 were: PWC launches discount scheme and virtual financial wellbeing supportTwitter equates remote work with resignation under Musk leadershipBarratt Homes gives staff second £1,000 cost-of-living paymentWilmott Dixon and Admiral named best big employers for Q4 2022Stagecoach Hull gives ...

  • Jeremy-Hunt
    Article

    Government maintains income tax thresholds

    2022-11-17T13:45:10Z

    Autumn budget 2022: The government will maintain the current freeze on income tax personal allowance and higher-rate tax thresholds until April 2028.Chancellor of the exchequer Jeremy Hunt told the House of Commons that personal tax thresholds, including income tax, will be frozen for further two years until 2028.Sian Steele, head ...

  • Government publishes further guidance on Job Retention Scheme
    Article

    Government to protect pensions triple lock

    2022-11-17T12:58:54Z

    Autumn budget 2022: The government has confirmed that the pensions triple lock and credit will be protected, and rise by 10.1% in April 2023.Chancellor of the exchequer Jeremy Hunt told the House of Commons that the state pension will be uprated by inflation, rather than in line with average earnings ...

  • Jeremy Hunt national living wage
    Article

    Government increases national living wage by 9.7% for 2023

    2022-11-17T12:50:20Z

    Image credit: photocosmos1 / Shutterstock.comAutumn budget 2022: The government has agreed to raise the national living wage by 9.7% from April 2023.In his autumn budget address to the House of Commons, Chancellor of the exchequer Jeremy Hunt (pictured) stated that he had accepted recommendations made by the Low Pay Commission ...

  • national insurance
    Article

    Government maintains national insurance contributions freeze

    2022-11-17T12:48:11Z

    Autumn budget 2022: The government has decided to maintain the current freeze on employers' national insurance (NI) contribution thresholds for a further two years.Chancellor of the exchequer Jeremy Hunt told the House of Commons in his autumn budget that the freeze would continue to April 2028.In addition, the employment allowance ...

  • Mobysoft
    Article

    Mobysoft implements £1,200 cost-of-living payment

    2022-11-17T11:14:46Z

    Manchester-based software service firm Mobysoft has given employees earning up to £35,000 a £1,200 cost of living support payment to help combat the effects of the current cost-of-living crisis.The payment will be split over the next four months to February 2023, and the firm also offered a tapered support programme ...

  • 9-REASONS-WHY-YOU-SHOULD-REVOLUT
    Supplier article

    9 REASONS WHY YOU SHOULD REVOLUTIONISE YOUR 2023 EMPLOYEE REWARD & RECOGNITION STRATEGY

    2022-11-17T08:41:00Z

    When in uncertain times, human beings often go into survival mode, and when the threat is financial, that means cutting costs and going without to afford the essentials. Although an organisation is made up of and powered by people, it needs to adopt a different approach – ...

  • cost-of-living
    Article

    Will Rayden: How can employers support staff who are stressed about the cost-of-living crisis?

    2022-11-17T06:00:55Z

    This has been a difficult year for many people, and it has played out in the increasingly stark newspaper headlines about rising prices of energy and goods, and interest rates.Throughout the year, we have constantly reviewed how we can best support employees. We felt that the timing of any intervention ...

  • Richard-Lane-1-JPEG-Copy
    Article

    Richard Lane: How can employers support staff who are stressed about the cost-of-living crisis?

    2022-11-17T06:00:54Z

    The events of the past six months have brought the topic of financial resilience into our everyday conversations, and employers have had to consider the impact that the rising cost of living is having on their employees. For many in employment, it is becoming more and more difficult to balance ...