All Financial wellbeing articles – Page 43
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ArticleLevy UK to pay real living wage from 2023
Sports and leisure business Levy UK has committed to pay its more than 1,000 employees the real living wage as a minimum from 1 January 2023.Staff will earn an hourly wage of at least £10.90, which is the real living wage rate for employees across the UK, with those based ...
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ArticleVirgin Money gives staff 10% pay rise
Bank Virgin Money has awarded its 7,500 members of staff a pay rise of 10% on average, following a 43% increase in annual profits due to rising UK interest rates.The business announced the pay increase internally this month, following 92% of trade union Unite’s members at Virgin Money voting in ...
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ArticleSuccess4All accredited as living wage employer
Educational charity Success4All has been accredited as a living wage employer by the Living Wage Foundation.To gain accreditation, the charity committed to paying its workforce a minimum hourly wage of £10.90, which is higher than the £9.50 per hour government minimum for those aged 23 and above, and the newly ...
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ArticleTesco launches salary advance scheme for staff
Supermarket chain Tesco has introduced a benefit that will allow its 280,000 employees to access up to 25% of their contractual pay early.The scheme, provided by Salary Finance, costs a single set fee of £1.49 per advance, and aims to help staff avoid payday loans or debt with high interest ...
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ArticleThe top 10 most-read articles between 11 - 17 November 2022
The top 10 most-read articles on www.employeebenefits.co.uk between 11 and 17 November 2022 were: PWC launches discount scheme and virtual financial wellbeing supportTwitter equates remote work with resignation under Musk leadershipBarratt Homes gives staff second £1,000 cost-of-living paymentWilmott Dixon and Admiral named best big employers for Q4 2022Stagecoach Hull gives ...
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ArticleGovernment maintains income tax thresholds
Autumn budget 2022: The government will maintain the current freeze on income tax personal allowance and higher-rate tax thresholds until April 2028.Chancellor of the exchequer Jeremy Hunt told the House of Commons that personal tax thresholds, including income tax, will be frozen for further two years until 2028.Sian Steele, head ...
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ArticleGovernment to protect pensions triple lock
Autumn budget 2022: The government has confirmed that the pensions triple lock and credit will be protected, and rise by 10.1% in April 2023.Chancellor of the exchequer Jeremy Hunt told the House of Commons that the state pension will be uprated by inflation, rather than in line with average earnings ...
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ArticleGovernment increases national living wage by 9.7% for 2023
Image credit: photocosmos1 / Shutterstock.comAutumn budget 2022: The government has agreed to raise the national living wage by 9.7% from April 2023.In his autumn budget address to the House of Commons, Chancellor of the exchequer Jeremy Hunt (pictured) stated that he had accepted recommendations made by the Low Pay Commission ...
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ArticleGovernment maintains national insurance contributions freeze
Autumn budget 2022: The government has decided to maintain the current freeze on employers' national insurance (NI) contribution thresholds for a further two years.Chancellor of the exchequer Jeremy Hunt told the House of Commons in his autumn budget that the freeze would continue to April 2028.In addition, the employment allowance ...
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ArticleMobysoft implements £1,200 cost-of-living payment
Manchester-based software service firm Mobysoft has given employees earning up to £35,000 a £1,200 cost of living support payment to help combat the effects of the current cost-of-living crisis.The payment will be split over the next four months to February 2023, and the firm also offered a tapered support programme ...
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Supplier article9 REASONS WHY YOU SHOULD REVOLUTIONISE YOUR 2023 EMPLOYEE REWARD & RECOGNITION STRATEGY
When in uncertain times, human beings often go into survival mode, and when the threat is financial, that means cutting costs and going without to afford the essentials. Although an organisation is made up of and powered by people, it needs to adopt a different approach – ...
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ArticleWill Rayden: How can employers support staff who are stressed about the cost-of-living crisis?
This has been a difficult year for many people, and it has played out in the increasingly stark newspaper headlines about rising prices of energy and goods, and interest rates.Throughout the year, we have constantly reviewed how we can best support employees. We felt that the timing of any intervention ...
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ArticleRichard Lane: How can employers support staff who are stressed about the cost-of-living crisis?
The events of the past six months have brought the topic of financial resilience into our everyday conversations, and employers have had to consider the impact that the rising cost of living is having on their employees. For many in employment, it is becoming more and more difficult to balance ...
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ArticleKelly Metcalf: How can employers support staff who are stressed about the cost-of-living crisis?
Understandably so, individuals are anxious and stressed by the ongoing economic disruption, even if they are not directly impacted. Here at Fujitsu, employee wellbeing support is a constant, but the focus is ever evolving. In 2020, much of our attention was on helping our people to navigate the various physical ...
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Article43% have cut retirement savings due to cost-of-living crisis
Just over two-fifths (43%) have either reduced or stopped saving for retirement due to the cost-of-living crisis, accordiing to research by retirement specialist Just Group.Its survey of 1,000 private sector workers aged 45-65 also found that almost six in 10 (57%) are concerned about the consequences of the rising cost ...
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ArticleBarratt Homes gives staff second £1,000 cost-of-living payment
Housebuilder Barratt Homes is to give an additional £1,000 to 95% of its workforce in order to help with the rising cost of living.More than 6,800 employees under the firm’s grade 5a tier will be eligible for the payment. The support will not change other pay-related benefits, such as pension ...
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ArticlePetrofac staff strike over pay dispute
Around 146 workers at Petrofac-owned Repsol assets at several North Sea oil and gas installations have begun strike action today (16 November) over pay.The deck crew, platers, pipe fitters, electricians and riggers, who are based at the Flotta terminal in Orkney and the Fulmar platform, will take part in a ...
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ArticleNumber of below living wage jobs to jump to 5.1 million in 2023
The amount of jobs paying below the real living wage has been forecast to jump to 5.1 million next year, despite the number of workers earning below the rate standing at the lowest it has been in 10 years (3.5 million), according to new research.The Living Wage Foundation’s findings revealed ...
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Supplier articleIS CHRISTMAS 2022 CAUSING EMPLOYEE STRESS LEVELS TO RISE?
Halloween is last week’s news, and it is officially acceptable to talk about Christmas – even though, from a business perspective, it’s been on all our minds for a while. It’s also International Stress Awareness Week, so we’re once again focusing on this subject. We recently talked ...
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ArticleAnchor accredited as living wage employer
Housing and elder care provider Anchor has received real living wage employer accreditation from the Living Wage Foundation.As of 22 September, the UK living wage rate for those outside of London increased to £10.90 per hour, while those based in London receive £11.95 per hour.The business, which employs more than ...