All Financial wellbeing articles – Page 42
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ArticleSTR Group rewards staff with 5% salary increase
International recruitment firm STR Group has given its workforce a pay rise worth 5%, an investment of more than £250,000, as of 1 January 2023.The business, which employs 150 members of staff, carried out a full-scale review of salary bandings and made changes to its salary and commission schemes as ...
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Supplier articleHOW TO SUPPORT EMPLOYEES STRUGGLING WITH THE COST OF LIVING
The cost-of-living crisis has impacted all areas of our lives, with some households struggling to manage rising fuel and food costs. Tough decisions are being made that affect not only your employees’ bank balance but also their physical and mental health. In this blog, we take a ...
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ArticleZopa Bank increases minimum salary to £27,000
London-headquartered Zopa Bank has raised the minimum salary for its more than 600-strong workforce by more than 20% as a response to the cost-of-living crisis.The bank raised its base salary to a minimum of £27,000, 25% above the London living wage. It has also provided an additional winter bonus of ...
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Supplier articleHow to measure the ROI of financial wellbeing
If you’re implementing a financial wellbeing strategy and want to measure the value it brings to your organisation, our research is for you.Measuring ROI is notoriously tricky, but – in the current economic climate – absolutely critical.Click here to find out more about the return on investment (ROI) of financial ...
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ArticleHachette UK gives staff cost-of-living payment and increases holiday
Publishing business Hachette UK has increased starting salaries and holiday benefits, and awarded staff a performance-related bonus and a cost-of-living payment.Due to come into effect in January, UK and Ireland publishing and distribution employees have been given a non-consolidated £1,000 cost-of-living payment. Senior team members will not be eligible for ...
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AnalysisBuyer’s guide to employee assistance programmes
What are employee assistance programmes?An employee assistance programme (EAP) is, at its core, a helpline, paid for by employers and provided free to staff, which provides confidential advice and assistance around a wide range of subjects that might affect them both at work and in their personal lives.This typically includes ...
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ArticleShelter employees strike in pay dispute
Credit: ClimbWhenReady / Shutterstock.comStaff employed by housing and homeless charity Shelter have commenced two weeks of strike action today (Monday 5 December) in a dispute over pay.More than 500 employees who are members of trade union Unite voted to strike following a 3% pay offer from the charity, which the ...
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Supplier articleHow to talk to your employees about the cost of living crisis
The cost of living crisis is unfortunately ongoing, with the end still far from sight. It’s an issue that affects all aspects of everyday life, and the workplace is no exception.Financial stress and uncertainty can impact everything from mental health to day-to-day performance at work.A combination of openly acknowledging the ...
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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. ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...