All Financial wellbeing articles – Page 42
-
ArticleNatWest gives 59,000 employees cost-of living payment
Credit: William Barton / Shutterstock.comBanking organisation NatWest has implemented a one-off cash payment for all employees in junior and junior manager positions, benefitting approximately 59,000 global members of staff during the cost-of-living crisis.For the 39,000 UK-based employees, the payment was agreed at £1,000, with equivalent amounts in all other locations. ...
-
Supplier articleThe Number of Unpaid Carers in the UK Has Almost Doubled in 10 Years - What Challenge Does this Pose for Your Employees?
The number of unpaid carers across the UK providing care for older, disabled or seriously ill relatives has almost doubled over the last 10 years.According to Carers Trust, an unpaid carer is anyone who cares, unpaid, for a friend or family member who due to illness, disability, a mental health ...
-
ArticleHallmark Care Homes unveils £1.3 million winter support package
Hallmark Care Homes has invested £1.3 million into a winter support package to help its employees with the cost-of-living crisis.The measures include paying all of its 2,300 members of staff at or above the new rate set by the Living Wage Foundation from today (1 December), ahead of the implementation ...
-
ArticleFormer hotel worker wins unlawful wage deduction case
An employment tribunal has ruled that a former hotel worker employed by Luxury Family Hotels was unfairly dismissed and had an unlawful deduction of wages.Molly Murphy, who worked at Fowey Hall Hotel in Cornwall for three years, found that after a period of furlough during lockdown, and her lodging a ...
-
Supplier article4 in 10 employees are worrying about money every day
Although employers may not be able to increase salaries to keep up with inflation, there are other more creative and affordable ways to support employee wellbeing during this time of financial uncertainty. All households will be affected as they need to spend more money on energy and food costs. Our ...
-
ArticleIkea gives staff 6% pay rise and enhances benefits
Ikea has invested £12 million in a pay increase and wellbeing support package, in order to help its UK and Ireland during the cost-of-living crisis.Salaried staff have been given a 6% on average pay rise, which will come into effect as of January 2023. Meanwhile, hourly paid workers in London ...
-
Article75% of HR professionals see mental wellbeing as key focus for 2023
The majority (75%) of HR professionals stated that mental health and wellbeing would be the most important area in which to provide support to staff in 2023, according to research by WorkNest.The research, conducted at the Chartered Institute of Personnel and Development (CIPD) annual conference in November, surveyed 105 respondents ...
-
Article90% of employers think living wage is high enough
Employee Benefits poll: Nine out of 10 (90%) people think the living wage rate is high enough in the current climate.Conversely, 10% of respondents to an online survey conducted by Employee Benefits said that they think the living wage is not high enough considering current events impacting employees’ financial wellbeing.Earlier ...
-
ArticleStagecoach Warwickshire gives bus drivers 13.3% pay rise
Stagecoach Warwickshire has given 450 bus drivers a 13.3% pay increase after they began balloting for strike action.The one-year pay deal brings drivers’ wages to £14 an hour, as well as more than £1,000 of back pay, from January. In addition, the two-year period in which new starters have to ...
-
ArticleScotrail implements minimum 7% pay increase
Employees at transportation business Scotrail have accepted a pay rise of between 7% and 9%, backdated to April.The pay offer followed a campaign of industrial action by members of the National Union of Rail, Maritime and Transport Workers (RMT), which included two days of strikes.The deal include a 5% increase ...
-
ArticleHarrods security guards strike in pay dispute
Credit: I Wei Huang / Shutterstock.comMore than 50 uniformed security guards and CCTV operators employed by luxury department store Harrods have commenced strike action over a pay dispute, starting at 12pm today (Friday 25 November).The employees, who decided on strike action following a one-year 7% pay offer, also warned of ...
-
ArticleForget Me Not introduces salary sacrifice pension scheme
Huddersfield-based children’s Hospice charity Forget Me Not has launched a salary sacrifice pension arrangement in order to look after the financial wellbeing of its 140 employees.Through a partnership with financial wellbeing platform Maji, the charity will pay the total pension contribution on behalf of each member of its workforce, and ...
-
ArticleThe top 10 most-read articles between 18 - 24 November 2022
The top 10 most-read articles on www.employeebenefits.co.uk between 18 and 24 November 2022 were: Tesco launches salary advance scheme for staffVirgin Money gives staff 10% pay riseCompass Group rolls out salary advance scheme for employeesMitie introduces £10 million staff support packageLevy UK to pay real living wage from 2023Staff at ...
-
Supplier articleEMBED KINDNESS AND TOLERANCE INTO YOUR WORKPLACE CULTURE WITH AN END-TO-END WELLBEING STRATEGY
Positive workplace culture is a recruitment must-have When Ian Hodson, Head of Reward at the University of Lincoln, spoke at EB Live 2022, he provided research showing that the workforce of tomorrow wants to experience workplace culture in the office environment, absorbing everything it entails. Since Sunday, ...
-
ArticleMitie introduces £10 million staff support package
Facilities management and professional services business Mitie has launched a £10 million winter support package to help its workforce with the rising costs of living.The employer stated that it is focusing its support on its lowest-paid employees, with 40,000 set to benefit.As of this month, Mitie has launched a new ...
-
ArticleWest Midlands Metro staff accept up to 20.1% pay deal
Credit: Alex Daniels / Shutterstock.comCrew members employed by West Midlands Metro have called off strike action after accepting an improved pay offer.Under the pay deal, existing tram crew with 12 months or longer of service will receive a 20.1% pay increase by April 2023, with 15% of it backdated to ...
-
ArticleCompass Group rolls out salary advance scheme for employees
Credit: JHVEPhoto / Shutterstock.comContract caterer Compass Group has launched a salary advance scheme for its 50,000 British and Irish staff, to help in the face of financial hardship and a worsening cost-of-living crisis.The advance option gives monthly salaried employees the ability to withdraw up to 50% of their earned pay ...
-
ArticleStaff at 19 UK universities strike over pay
Staff employed by 19 higher education institutions have commenced strike action over pay this week, starting with Glasgow Caledonian University, where employees began striking yesterday (21 November) and have continued today.Administrators, cleaners, library, security and catering workers, some of the lowest paid in the university sector, are among those taking ...
-
ArticleEXCLUSIVE: Cubitts introduces financial wellbeing platform for staff
EXCLUSIVE: Glasses maker Cubitts has launched a financial wellbeing platform for its more than 150 members of staff.The platform, provided by Bippit, offers employees access one-to-one financial coaching from a regulated and impartial professional matched to their needs, after answering a series of questions about their financial concerns.The service also ...
-
AnalysisHow to engage staff with a total reward offering
To engage employees with a reward package, it needs to be clearly communicated, easy to understand and impactful in order to show its true value.The increasing use of personal devices to access benefits means that digital methods are often more effective.Factoring reward package reviews into formal milestones, such as six-month ...