All Financial wellbeing articles – Page 40
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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 ...
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Video
Building an effective financial wellbeing strategy
VIDEO: Michaela O’Reilly, head of reward and analytics at Ipsos, presented a session titled ‘Building an effective financial wellbeing strategy’ on 6 October at Employee Benefits Live 2022.Key points covered within the session included:Pensions savingsOther savings and benefitsHow to help with the cost of living.Please note: Due to data compliance, ...
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ArticleBritishvolt asks staff to agree to temporary pay cut
Credit: Hazel Plater / Shutterstock.comEmployees at UK battery firm Britishvolt have agreed to take a pay cut this month, due to fears that the business could run out of money, with executives not taking any pay at all.A total of 300 members of staff will take a reduction in pay ...
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ArticleEXCLUSIVE: Vita Mojo launches financial coaching tool for staff
Food and drink ordering technology business Vita Mojo has launched a financial coaching and money management tool for its more than 90 employees.Vita Mojo, which works with brands including Gail's, YO!, Leon and Honest Burgers, has introduced a financial wellbeing platform provided by Bippit. The platform includes access to professional ...
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Supplier articleHOW YOUR CHRISTMAS REWARDS CAN MAKE A REAL DIFFERENCE
We’re living in a climate of uncertainty and a cost-of-living crisis. Quite rightly, mental health is high on everyone’s agenda, as is the need to focus on the importance of the individual and the need for a work-life balance. The festive season may come with images of ...
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ArticleKingsbridge Insurance expands benefits offering
Tewksbury-based insurance firm Kingsbridge Insurance has introduced a number of measures to its benefits package in order to support its 106 members of staff during the cost-of-living crisis.The business has begun to provide employees with free breakfast and lunch each day, offering cereals, an assortment of breads, porridge, and fresh ...
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ArticleLowest-paid Local Government Association staff accept 10.5% pay deal
More than 350,000 members of staff employed by the Local Government Association (LGA) have accepted an offer in which they will be paid an extra £1,925 this year.The unions Unison, GMB and Unite have been negotiating pay for the majority of the local government workers over the last few months. ...
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ArticleScottish Co-op coffin makers strike in pay offer row
Credit: Silvi Photo / Shutterstock.comCoffin makers employed by Co-op Funeralcare in Scotland have started a week of strike action in their campaign for an improved pay offer.The employees rejected a pay offer, which they said equated to less than 5% when compared with the current rate of inflation of 12.3%.The ...
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ArticleAirbus pays employees £1,500 cost-of-living bonus
Credit: vaalaa / Shutterstock.comAviation employer Airbus has awarded around 120,000 of its employees with a bonus to be paid in their next payroll, in order to support them during the cost-of-living crisis.According to an internal memo from the business, all staff, including senior managers, are eligible, including 5,000 members of ...
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ArticleEast Midlands Airport agrees to 10% pay rise for security staff
Credit: Electric Egg / Shutterstock.comSecurity staff employed by East Midlands Airport have secured a 10% pay increase after 178 Unite members voted for strike action over low pay.Earlier this year, union members were balloted for action, with 92.8% voting in favour. Following this, the airport made the pay offer, which ...
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ArticleAldi raises pay to £11 an hour for 2023
Aldi has committed to raise its starting pay rate for store assistants to £11 an hour nationally, and £12.45 within the M25, as of 1 January 2023.Around 26,000 of the supermarket’s employees will benefit from this increase, which is more than 15% higher than it was a year ago and ...
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ArticleThe top 10 most-read articles between 21 - 27 October 2022
The top 10 most-read articles on www.employeebenefits.co.uk between 21 and 27 October 2022 were: Tyler Perry gifts ex-employee designer bags for birthdayUniversity of Warwick invests £3.5 million in cost-of-living supportBT and Openreach staff strike in ongoing dispute over payTribunal orders HBOS to pay £22,000 in unfair dismissal caseLidl Ireland increases ...
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Case StudiesPodcast: GXO ensures its benefits proposition is reactive to employee needs
tynanbarton · Employee Benefits/GXO podcastListen: As a global logistics firm that is rapidly growing, GXO recognises the importance of offering the right support to people at the right time. As befitting the dire economic times we all face, GXO has implemented a financial wellbeing programme to help its members of ...
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Case StudiesThe benefits offered by GXO
The benefits offered by GXO:PensionTwo defined contribution (DC) pension schemes within GXO, excluding the Clipper acquisition. A group personal pension (GPP) for manager grades with a maximum of 7% employer contribution if the employee pays 5%, and a master trust arrangement for non-manager grades with statutory contribution levels of 8% ...
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ArticleAtradius awards staff £1,600 cost-of-living payment
Insurance business Atradius has awarded its 426 members of staff a £1,600 payment, in order to support them during the cost-of-living crisis.The insurer noted that 99% of its employees across the UK and Ireland, including its headquarters in Cardiff, are eligible for the payment. This includes graduates, interns and those ...
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ArticleIllycaffè splits €500,000 bonus among global employees
Image credit: Elena Gordeichik / Shutterstock.comItalian coffee business Illycaffè has introduced a cash bonus for 1,350 employees across the globe, in order to help them cope with the rising cost of living.In an interview originally published in Italian newspaper Il Corriere della Sera, Cristina Scocchia, CEO of Illycaffè, confirmed that ...
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Supplier articleHow to help your employees make good financial decisions in challenging times
Author : Tracey Ward, Head of Business Development and Marketing at Generali UK Employee BenefitsWhile governments around the world do what they can to tackle inflationary pressures, employers need support to: understand employee needs; help employees make smart financial decisions; and investigate how existing benefits and provider partnerships can help.In ...
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AnalysisHow can employers tailor benefits to suit ‘unretired’ employees?
Need to know:As increasing numbers of 'unretired' employees return to work, flexibility is an important factor in order to remove potential barriers from day one.Financial wellbeing may be a concern for many re-entering the workforce, while employers should consider the specific health issues facing older people.Having a tailorable benefits package ...
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Case StudiesMid Yorkshire Hospitals NHS Trust offers comprehensive benefits to staff returning from retirement
The Mid Yorkshire Hospitals NHS Trust, which is spread across three sites in Wakefield (pictured), Dewsbury and Pontefract, had a strong response to the NHS plea for those who had recently retired to come back to help during the Covid-19 (Coronavirus) pandemic and enrol in its retire-and-return programme, with 117 ...