All Financial wellbeing articles – Page 42
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VideoPodcast: Funding Circle creates tailorable benefits package to suit each employee
tynanbarton · Funding Circle/Employee Benefits podcastListen: Lending platform Funding Circle is keen to support its employees in every aspect of their lives in an inclusive workplace culture.Victoria Bradford, people director, UK business and operatons, explains how its benefits proposition has evolved in the last five years from one that reflected ...
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ArticlePret a Manger increases pay for second time in 2022
Pret a Manger has implemented a 5% pay increase from 1 December, for all UK employees across shops and its support centre, to support them during the rising cost of living.The coffee and food retail chain said that the pay increase will be awarded to shop employees irrespective of age, ...
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ArticleAsda ends premium pay trial for grocery delivery drivers
Supermarket chain Asda has announced that, as of on 21 October, it will end the £1.50-an-hour pay premium introduced in the summer to help attract and retain grocery delivery drivers.More than 1,500 drivers who deliver from certain London stores, including Charlton, Wembley and Colindale, as well as outlets in Bristol ...
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ArticleEXCLUSIVE: Sipsmith introduces financial wellbeing support
Drinks brand Sipsmith has launched an all-in-one financial wellbeing solution for its more than 60 UK employees, to help with their financial education.The platform, provided by Bippit, offers staff access to professional financial coaches and money management tools to help them make the most of their salary and navigate the ...
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ArticleTotallyMoney hires new head of people and culture
Credit app TotallyMoney has named Amanda Connolly (pictured) as head of people and culture.Connolly was recruited to work closely with the management team to shape the people and culture strategy. She has more than two decades of experience at Sainsbury’s and Save The Children UK, and has more than 15 ...
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ArticleVirgin Media O2 launches £1,400 cost-of-living payment and improved leave policies
Virgin Media O2 has introduced a support payment for employees, alongside flexible leave policies, as part of its ambition to become more inclusive and equitable.The business, which employs around 18,000 people in the UK, has awarded employees who earn £35,000 and under a £1,400 support allowance to assist them with ...
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ArticleEden Hotel Group unveils holistic wellbeing strategy
The Eden Hotel Group has launched an employee wellbeing strategy for its more than 450 members of staff, to coincide with World Mental Health Day (10 October).The strategy was shaped by a staff survey, which found that 81% were feeling negatively affected by the current financial situation, 62% suffered from ...
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ArticleEXCLUSIVE: Wickes leverages benefits schemes to bring cost savings
Employee Benefits Live 2022: Home improvement retailer Wickes has made a number of changes to its benefits schemes to bring cost savings to the business, while also supporting the financial wellbeing of staff.Addressing delegates at Employee Benefits Live 2022 in a session entitled ‘How to structure a compelling cost-effective benefits ...
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ArticleSony Music UK launches childcare funding scheme
Sony Music UK has introduced a policy that allows some of its parent employees to receive a financial contribution towards childcare costs for pre-school age children.The scheme provides lower and middle earners with up to a maximum of £15,000 funding per year towards the cost of childcare during working hours. ...
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ArticleSaga awards lowest-paid staff £1,000 cost of living payment
Saga, a provider of products and services for people aged 50 and over, has given its lowest-paid employees a £500 cost of living payment in their latest pay packet.The business, which employs more than 2,500 people, informed its workforce of this decision in an internal memo. It also outlined plans ...
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ArticleiGO4 signs Menopause Workplace pledge and covers HRT cost for staff
Digital insurance business iGO4 has pledged to cover the cost of hormone replacement therapy (HRT) for employees, and has signed the Menopause Workplace pledge.The firm, which employs around 300 members of staff, signed the pledge in order to demonstrate its commitment to recognising the impact of the menopause, and the ...
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Supplier article4 key lessons for HR from the latest HR and employee benefits research
Recently we pulled together insights from some of the HR industry’s most important research into one article to give us an idea of how the world of work is looking, covering a range of topics, including financial wellbeing, health and wellbeing and recruitment and retention. They also ...
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ArticleSkanska UK to give 1,300 employees one-off £750 payment
Skanska UK has invested almost £1 million to provide a one-off cost-of-living support payment to 1,300 of its 3,300 members of staff.The 1,300 lowest paid Skanska UK employees will be given a one-off bonus payment of £750 in November 2022, in order to help them address the challenges of rising ...
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ArticleAmazon invests $1 billion in increased US wages
Retail business Amazon has committed to invest almost $1 billion (£895.4 million) into raising its hourly paid US employees’ wages, and expanding its wage access programme, as of October.The average hourly pay for front-line staff in customer fulfilment and transportation will increase from $18 (£16) per hour to more than ...
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OpinionLovewell's logic: Will staff look to employers for support on rising mortgage rates?
A week on from the government’s Mini Budget, and many individuals and employers are still working through the ramifications and exactly what it means for them.The challenges many households are currently facing due to the cost-of-living crisis are well documented. However, with interest rates now expected to rise following the ...
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ArticleDee Set Group introduces flexible pay and financial wellbeing support
Retail solutions firm Dee Set Group has introduced financial wellbeing support for its more than 3,000 employees in the form of an earned wage access platform and financial coaching as of this week.Provided by Wagestream, the system allows employees to draw up to 50% of their salary out at any ...
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ArticleCurrys gives staff second pay rise for 2022
Technology retailer Currys has introduced a pay rise of 3.5% for its 10,000 hourly paid UK staff as of 30 October, announced just one month after a previous increase came into effect.Hourly rates have been increased by to £10.35 per hour?and £11.43 in?London, in what is the third raise in ...
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ArticleThe top 10 most-read articles between 23 - 29 September 2022
The top 10 most-read articles on www.employeebenefits.co.uk between 23 and 29 September 2022 were: Government scraps 45% tax rate on incomes above £150,000Natwest Group replaces paternity leave with inclusive partner policyGovernment drops income tax basic rate to 19% one year earlyHSBC UK and Bristol Myers Squibb named among top menopause ...
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ArticleNDreams increases annual salaries by £1,000
Virtual reality game developer NDreams has increased the yearly salary for each of its 180 full-time employees by £1,000, in order to address rising UK energy bills.The business is headquartered in Farnborough, Hampshire, with many of its staff working on a hybrid or remote basis. It has increased salaries for ...
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AnalysisAre employers doing enough to support employees’ mental health in today’s climate?
There are a range of measures that employers can implement to help break the stigma surrounding mental health and offer support to their workforce.Identifying a wellbeing lead or training employees as mental health first aiders can be a first step to creating a support strategy.As cost-of-living increases continue to affect ...