All Financial wellbeing articles – Page 41
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ArticleUniversity of Warwick invests £3.5 million in cost-of-living support
The University of Warwick has introduced a cost-of-living support package worth £3.5 million, catering for students, staff and the local community.The university, which is already an accredited living wage employer, has committed to helping staff in lower income bands with a one-off cost-of-living payment of up to £550, to be ...
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ArticleBT and Openreach staff strike in ongoing dispute over pay
More than 40,000 BT and Openreach employees have continued strike action today (Monday 24 October), in an ongoing dispute regarding what they have reported is a real-terms pay cut.According to the Communication Workers Union (CWU), which represents the employees, the strike concerns a flat rate pay rise of £1,500 BT ...
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ArticleLidl Ireland increases minimum wage to €13.85
Lidl Ireland has committed to pay 4,200 of its employees the latest living wage rate of €13.85 (£12.13) per hour, as of 1 March 2023.The grocery chain employs more than 5,000 employees across its 175 Irish stores, head office, regional offices and three distribution centres.It has invested €7.5 million (£6.6 ...
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ArticleBurberry increases salaries for lowest-paid staff
Credit: Sorbis / Shutterstock.comFashion brand Burberry has increased the salaries of its lowest-paid staff in order to match the current real living wage pay figures as decided by the Living Wage Foundation, and to help with the rising cost of living.The business, which employs 3,000 people in the UK, has ...
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ArticleQuorn employees strike over cost-of-living pay dispute
Credit: The Image Party / Shutterstock.comEmployees at vegetarian and vegan food product business Quorn have commenced strike action today (20 October) over a cost-of-living pay rise dispute.The fermenter and chiller technicians, maintenance, laboratory and effluent treatment plant staff, who are members of trade union Unite, started demonstrations at 8am at ...
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ArticleEXCLUSIVE: Netsells launches financial wellbeing platform for staff
Bespoke software development firm Netsells has introduced a financial wellbeing support platform for its more than 35 members of staff to help them navigate the cost-of-living crisis.The platform, provided by Bippit, offers each Netsells employee access to a financial coach who has been matched to their needs, as well as ...
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ArticleMinistry of Defence incentivises cycling to work
Telford and Wrekin Council has launched a pilot scheme at the Ministry of Defence site at Donnington, incentivising 20 employees to walk or cycle to work instead of driving.The Active SMiles project was designed by the council's Health Protection Hub and Health Improvement Team in conjunction with Travel Telford. It ...
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ArticleGo-Ahead awards London bus staff 10.5% pay rise
Credit: JessicaGirvan / Shutterstock.comMore than 3,000 bus staff employed by the Go-Ahead Group in London have secured a 10.5% pay increase.Go-Ahead initially presented an offer of 9%, which was rejected by the employees, who are members of trade union Unite. An improved 10.5% deal was then offered, as the union ...
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Supplier articleHow the workplace can ease the cost of living crisis
The Reward & Employee Benefits Association (REBA) in association with WEALTH at work has launched its new workplace Financial Wellbeing Research 2022, with responses from nearly 300 companies representing around 1 million employees. It found that cost of living concerns are dominating the risks to the workforce’s financial wellbeing.Employers cite ...
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ArticleOgi gives staff £1,200 support payment
Welsh internet business Ogi has introduced a series of measures to support its workforce during the ongoing cost-of-living crisis, including a £1,200 payment.Ogi introduced the payment for approximately 70% of its 160 members of staff. From October, these employees will receive a £400 addition to their salaries, lasting for three ...
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Supplier articleWORK AND LIFE: BOOST EMPLOYEE RETENTION BY CREATING A CULTURE OF FLEXIBILITY
It’s National Work Life Week, organised by Working Families; a UK charity focused on removing the barriers that those responsible for caring for others face in the workplace. This year, the campaign focuses on flexible working and how it’s more important than ever during the cost-of-living crisis. ...
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ArticleJeremy Hunt reverses almost all mini Budget tax decisions
Image credit: photocosmos1 / Shutterstock.comIn an unscheduled budget update today (17 October), Chancellor of the Exchequer Jeremy Hunt (pictured) has announced that the government will reverse almost all tax decisions made in the mini Budget in September, aside from those already in the process of Parliamentary legislation.Following the Mini Budget, ...
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ArticleOnly 15% of employees have their own income protection
Just 15% of working adults have their own income protection (IP) policy in place, while 12% have IP provided by their employer, according to research by protection specialist LV=.To mark Income Protection Awareness Week (17-21 October), LV= surveyed 4,000 UK adults to explore their attitudes to IP. The research also ...
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Case StudiesSouth Cambridgeshire District Council uses surveys and data to inform wellbeing strategy
South Cambridgeshire District Council has 470 desk-based employees, in addition to its staff across various other functions, including refuse management in the local area. In order to cater for their diverse wellbeing needs, it relies on employee surveys and data to help shape its benefits strategy.Each year, the council undertakes ...
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ArticleStansted Airport implements 10% minimum pay increase
More than 1,000 fire fighters, security officers, cleaners and passenger ambassadors employed by Stansted Airport have accepted a 10% minimum pay rise via a ballot.The improved pay offer agreement consists of an 8% increase backdated to 1 April 2022, and 2% from 1 October 2022, ending the threat of strike ...
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ArticleCardiff University awards staff £500 cost-of-living payment
Cardiff University has given parts its workforce a one-off £500 payment to be included in the November payroll, to help cope with the cost-of-living crisis.The executive board and council of the university, which employs 7,000 people, approved the payment earlier this week, and it was announced during a webinar.It will ...
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ArticleThe top 10 most-read articles between 7 - 13 October 2022
The top 10 most-read articles on www.employeebenefits.co.uk between 7 and 13 October 2022 were: Natwest Group launches digital wellbeing platform for staffDiageo introduces support app to mark World Mental Health DayVirgin Media O2 launches £1,400 cost-of-living payment and improved leave policiesEXCLUSIVE: Sipsmith introduces financial wellbeing supportEXCLUSIVE: Ollie Ollerton says changing ...
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ArticleDarlington Building Society expands benefits and gives staff one-off payment
Darlington Building Society has awarded its 190 employees with a one-off £1,000 payment and expanded its benefits package.A £500 payment was given to the workforce this month in order to support them with cost of living challenges, with another £500 to be awarded in December.To mark World Mental Health Day ...
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ArticleEmployee Benefits Live 2022 speaker slides
Where speakers have given approval, we have uploaded the speaker slides for the keynote and conference sessions at Employee Benefits Live 2022, which took place on 5-6 October 2022 at ExCeL London.Thank you very much to all of the speakers for sharing their ideas, experiences and insights.Keynote speakersK1: Diversity, equality ...
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ArticleEXCLUSIVE: Nelsons launches financial wellbeing platform for staff
Nelsons, which owns the natural healthcare brands Rescue and Bach, has launched financial wellbeing assistance for its more than 220 UK employees in order to support them with the rising cost of living.Provided by Bippit, the platform includes unlimited access to Financial Conduct Authority (FCA) regulated financial coaches, matched according ...