All Financial wellbeing articles – Page 4
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AnalysisHow to improve employees’ confidence in making pension investment choices
Choosing a pension provider that offers easily accessible and age appropriate investment education can increase employees’ confidence on the topic. Investment fund choices for employees with specific needs or beliefs ensure wider needs are met. Offering financial guidance and advice, as well as signposting to resources, ...
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ArticleStaff spend on essentials and luxury items narrows in 2024
Credit: Julia Sudnitskaya / Shuuterstock.com The amount employees are spending on essentials, such as groceries and home maintenance, and luxury items, such as Amazon vouchers or technology products, through reward schemes has narrowed, according to research by YuLife. The benefits and reward provider surveyed higher-earning white-collar workers ...
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ArticleNHS Professionals and Schroders sign up to heating benefit scheme
NHS Professionals, Clear Bank, advertising and public relations agency Havas and asset management firm Schroders have signed up to a home heating employee benefit scheme. The benefit, which is provided by home improvement consultancy Heat Scheme, will give their employees access to one-to-one consultations, heating efficiency assessments ...
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ArticleThe top 10 most read articles between 23 - 29 August 2024
The top 10 most read articles between 23 - 29 August 2024 on employeebenefits.co.uk were: Allpay introduces Hereford Gift Card as staff reward Next workers win equal pay claim Increased workload behind mental health absences for 40% of employers Scottish Power Energy Network workers accept pay ...
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Article27% of working parents feel guilty about unplanned time off to care for poorly child
Over a quarter (27%) of working parents in the UK would feel guilty about taking unplanned time off work, or out of their business, to care for their poorly child, according to research by MetLife UK. The protection and employee benefits provider’s survey of 3,003 working parents ...
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Case StudiesMid Yorkshire Teaching NHS Trust ensures its benefits provision meets staff needs
Mid Yorkshire Teaching NHS Trust looks after more than half a million people each year in their homes, in the community and across its three hospitals. To deliver this service it employs around 10,000 people, working in roles from administration and cleaning to nursing. Alongside a defined ...
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Article33% of retirees worry about being unable to meet living costs
One-third of retirees (33%) have concerns about being unable to meet living costs, according to research by Legal and General.Its survey of 1,000 retirees, which was carried out in partnership with the University of Sheffield, found that 38% of retiree respondents fear unexpected expenses during retirement, and 36% are anxious ...
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ArticleScottish Power Energy Network workers accept pay increase
Credit: Vivid Brands / Shutterstock.comWorkers employed by Scottish Power Energy Network have accepted an improved pay offer.The workers are based throughout the UK and are members of trade union Unite.The two-year deal will see a minimum 5.5% rise for all employees within the first year, with some receiving an additional ...
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ArticleNext workers win equal pay claim
More than 3,500 workers and former employees of Next have won a six-year equal pay claim. An employment tribunal ruled that Next failed to demonstrate that paying sales consultants, who are mostly women, lower hourly pay rates than warehouse operatives, who tend to be men, was not ...
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Supplier articleTop 10 money tips for those entering the workplace
With many students set to enter the workplace in September, WEALTH at work shares the top 10 money tips that Graduates and School Leavers starting work will need to know.1. Make sense of payslips - For those starting out in the workplace, the first payslip can be very confusing. A ...
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AnalysisHow to help staff trace and consolidate small pension pots
Credit: Dilok Klaisataporn/ShutterstockNeed to know:Significant amounts of money are tied up in small pension pots, many of which may have been forgotten.The Pensions Tracing Service can help people reconnect with lost pensions.Employers can help staff with this process and engage with pensions more generally.The UK is sitting on a ticking ...
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OpinionRichard Branson: Prepare for proposed increases to national minimum wage
In April 2024, the previous Conservative government increased the national minimum wage (NMW) for people over the age of 23 from £10.42 per hour to £11.44, a rise of 9.8%. The NMW rate for 21 and 22-year-olds also moved to £11.44 per hour from its previous rate of £10.18, representing ...
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ArticleScottish Borders Housing Association staff accept 5.5% pay rise
Around 160 workers at Scottish Borders Housing Association have accepted a 5.5% pay rise and improvements to their working conditions as of this week.The employees are based at the association and charity’s Selkirk headquarters and are members of trade union Unite. They work in trades roles, including joiners, painters, plumbers, ...
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ArticleRingwood Town Council accredited as living wage employer
Ringwood Town Council in Hampshire has been accredited as a living wage employer as part of its commitment to fair pay for its employees. Every worker aged 18 and over at the council will now receive a minimum hourly wage of £12 as part of the accreditation. ...
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ArticlePioneering Care Partnership becomes living wage employer
Health and wellbeing charity Pioneering Care Partnership (PCP) has received living wage employer accreditation as part of its commitment to support its workforce.As part of the accreditation, each PCP employee will receive a minimum hourly wage of £12, which is the real living wage rate for workers across the UK. ...
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ArticleChancellor launches pensions system review
Chancellor of the exchequer Rachel Reeves has launched a review to boost investment, increase saver returns and tackle waste in the pensions system. The review will be led by minister for pensions Emma Reynolds and will focus on defined contribution workplace schemes and the Local Government Pension ...
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ArticleCare UK provides free access to discount service for 10,500 employees
Care home organisation Care UK has introduced free access to a discount service for its more than 10,500 employees across its 155 homes and support centre functions. As part of a partnership with Blue Light Card, which is a discount platform for employees who work in emergency ...
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ArticleGo North West receives real living wage accreditation
Bus organisation Go North West, a Bee Network franchise operator in Greater Manchester, has received real living wage accreditation as part of its commitment to ensure its 1,000 employees are paid fairly for the work they do.The accreditation will see every Go North West employee receive a minimum hourly wage ...
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ArticleThe top 10 most read articles between 9 - 15 August 2024
The top 10 most read articles between 9 - 15 August 2024 on employeebenefits.co.uk were: Manager on sick leave for four years not unfairly dismissed Heineken UK hosts townhall show dedicated to diversity, equity and inclusion Job Centre security guards across England strike over pay Employee ...
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Supplier articlePluxee UK Answers the Question: What is a Prepaid Card?
You’re looking to integrate employee rewards and financial wellbeing benefits into your people strategy, but navigating the options can be overwhelming. From prepaid cards and cashback cards to vouchers and one-time payments, selecting the right solution for your team and business can be time-consuming. Since time is ...