All Financial wellbeing articles – Page 39
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Case StudiesMexa Solutions goes beyond pay to support everyday financial wellbeing
IT recruitment consultancy Mexa Solutions, founded by brothers Simon and Bob Bath seven years ago, gave its team a 10% pay rise in October 2022 to mitigate the financial burdens they may be facing in the current uncertain times.The pay rise did not come with any stipulations about increased output ...
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AnalysisSupporting everyday financial wellbeing in a changing economic climate
Employers are experiencing increasing demand from employees for salary rises because of the pressures on everyday financial wellbeing, such as the ever-rising cost of living, inflation and interest rates.Employers can offer their workforce support on how to save by utilising their workplace benefits, including discount schemes and budgeting tools.Financial education ...
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ArticleHalf of private sector pay awards will give at least 5% raise in 2023
More than half (53%) of pay awards have given or are set to give employees increases of 5% or more in 2023, compared with a third of awards hitting that level last year, according to the latest monitoring figures from Incomes Data Research (IDR).Almost three in 10 (28%) said they ...
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ArticleMerton Council accredited as living wage employer
Credit: William Barton / Shutterstock.comSouth London's Merton Council has received living wage accreditation from the Living Wage Foundation.The council has committed to pay all of its employees and agency workers at least the London living wage rate of £11.95 per hour.It also came up with a plan to ensure all ...
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Supplier article5 ways financial wellbeing can support wider ESG initiatives
As the focus on sustainability, equality and diversity grows - so does the need for businesses to demonstrate their commitment to Environment, Social and Governance (ESG) initiatives.This has not only become an increasing factor in driving the financial success of businesses, but it’s now essential for many staff to have ...
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Supplier articleWealth at Work group acquires Employee Financial Wellness expanding its services into Ireland
Wealth at Work group (“the Group”) acquires financial wellbeing company, “Employee Financial Wellness Limited” (trading as Employee Financial Wellness) as it expands its operation overseas into Ireland.The Group is a leading financial wellbeing and retirement specialist which has been helping those in the workplace improve their financial future since 2005. ...
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ArticleTeachers in England and Wales strike in pay row
Teachers across England and Wales have commenced strike action today (Wednesday 1 February) in a dispute over pay.Around 23,000 schools will be affected due to more than 100,000 teachers in sixth form colleges, state-funded school and academies in England and Wales, and support staff in state-funded schools in Wales, walking ...
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ArticlePoundstretcher raises store staff pay by 10%
Discount retailer Poundstretcher has awarded a 10% pay rise to its nearly 4,000 store employees, effective from 1 April 2023.All members of staff who have worked for the business for at least one year will be eligible for the increase, which includes more than 70% of its workforce and the ...
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Supplier article5 things to consider before you shortlist financial wellbeing providers
Researching financial wellbeing providers to create a shortlist can be hard work. Before you start, take a step back and think about what you really need. This'll help you focus your research.So, if your organisation is planning (or revamping) its financial wellbeing programme, here are five things to consider before ...
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ArticleTrafford Council to pay real living wage
Trafford Council has committed to paying its employees the real living wage as a boost for those who are struggling through the cost-of-living crisis.A total of 320 members of staff employed by the local authority and surrounding schools will now be paid the real living wage rate of £10.90 per ...
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Supplier articleGREENER ENGAGEMENT STRATEGIES THAT BOOST WELLBEING & YOUR SOCIAL VALUE CREDENTIALS
Whenever the word ‘green’ is used, most people immediately think of the environment – recycling, carbon emissions, etc., which certainly play a part, but what being green encompasses goes beyond that. Businesses are now being encouraged to incorporate responsibility, health, and prosperity for all as part of ...
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Case StudiesThe benefits offered by Wave
The benefits on offer at Wave:PensionA master trust pension scheme for all employees. Those aged 22 and over are auto enrolled, but it is open to all employees.Matching contribution levels: 3% employee contribution, 6% employer; 4% employee 8% employer; 5% employee and 10% employer. Employees can contribute as much as ...
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Case StudiesPodcast: Wave designs a benefits proposition in response to employee need
Employee Benefits · Employee Benefits/Wave podcastListen: A fairly young organisation, national water supplier Wave, has always ensured that employee wellbeing is weaved into the fabric of the business.Since its launch in 2017, the organisation has ensured that its benefits proposition offers staff a range of wellbeing support for any circumstance. ...
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ArticleAmazon warehouse staff strike over pay in UK first
Hundreds of Amazon employees working in a fulfilment centre based in Coventry have commence strike action today (Wednesday 25 January) due to a pay dispute with their employer.This is the first strike by Amazon employees to take place in the UK. The vast majority (98%) of those balloted last month ...
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Supplier articleHow Reward Gateway transformed the Employee Discounts Experience for Transport for London (TfL)
Transport for London (TfL) is the integrated transport authority responsible for meeting the mayor’s strategy and commitments on transport in London, and employs a workforce of more than 26,000. The company needed to provide discounts to meet the needs of a wide-ranging workforce demographic to strengthen the company's overall EVP ...
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ArticleUK Swissport employees accept 10% pay rise
Thousands of UK workers employed by Swissport, a provider of ground and cargo handling services at various UK airports, have voted to accept a 10% pay rise.The staff work in cargo, baggage handling and check-in operations and are members of the trade union GMB. A total of 61% voted to ...
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Supplier articleCOST-EFFECTIVE EMPLOYEE BENEFITS: HOW TO GET MORE FOR LESS
The cost-of-living crisis doesn’t just impact employees. Businesses feel the strain, too – some more than others. A YouGov survey highlights the areas where Brits are cutting back on their spending to afford the rising food and energy bills. These cuts will impact some businesses more than ...
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ArticleSky Sports pundit Stuart Barnes wins £700,000 tax case
Credit: MikeDotta / Shutterstock.comFormer Sky Sports presenter and columnist for The Times Stuart Barnes has won a first-tier tax tribunal regarding his IR35 status, carrying £695,000 in tax liability.Barnes, who was previously a professional rugby union player before retirement, and his limited business S and L Barnes, were under investigation ...
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ArticleAmbulance staff strike over pay
Thousands of ambulance workers across Britain commenced strike action today (23 January) over a dispute over pay.More than 2,600 members of trade union Unite in the West Midlands, North West and North East of England will walk out, while a further 1,000 will strike in Wales. The ambulance staff, including ...
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Supplier articleIt’s National Energy Saving Week - Find Out How To Save Energy in The Office Today.
It is no secret that soaring energy bills have impacted businesses and households all over the country. Although many companies are enjoying having their teams back in the office, it also means that there is more energy is being expended.That's why Big Energy Saving Week has come at the perfect ...