All Financial wellbeing articles – Page 43
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Case StudiesSpringwell School benchmarks workplace wellbeing with tools and support
Springwell School, a primary school for children aged 4-11 years with complex learning difficulties which employs 231 members of staff, introduced a new digital mental health provider in September 2022.All of its teachers, teaching support staff, on-site staff and governors, as well as the partners of employees or one family ...
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ArticleEXCLUSIVE: HardSoft introduces financial wellbeing support
Hardware and software leasing business HardSoft has launched a financial wellbeing platform for its workforce to help them navigate the cost-of-living crisis.The platform, which is provided by Bippit, offers access to professionally qualified financial coaches, as well as a suite of financial wellbeing tools. The service is free for the ...
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ArticleJust Group awards cost-of-living payment to employees
Retirement specialist firm Just Group is to make a one-off additional payment to two-thirds of its workforce next month in order to help them through the cost-of-living crisis.Employees earning an annual salary under £50,000 will receive a one-off payment of £1,200, while those on a salary between £50,000 and £60,000 ...
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ArticleEXCLUSIVE: Ipsos, Claranet and The AA to discuss financial wellbeing at Employee Benefits Live 2022
How to support staff during the cost-of-living crisis and how to build an effective financial wellbeing strategy are just some of the topics that will be discussed by industry experts from Ipsos, Claranet and The AA on Thursday 6 October at Employee Benefits Live 2022.In a session titled 'Building ...
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ArticleEXCLUSIVE: Visionable launches financial wellbeing app
EXCLUSIVE: Software firm Visionable has introduced app-based financial wellbeing support for its 43 members of staff as of this month.The financial wellbeing platform, by Bippit, provides professionally qualified financial coaches matched to staff needs. Employees answer questions about their concerns or needs, and based on that information, they are connected ...
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Supplier articleMini-budget update
The Chancellor of the Exchequer Kwasi Kwarteng, has today delivered the mini-budget report. Please see our summary below:Income tax and National InsuranceAs heavily rumoured, the planned cut in the basic rate of income tax from 20% to 19% has been brought forward to next tax year (April 2023) from April ...
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ArticleGovernment scraps 45% tax rate on incomes above £150,000
Mini Budget 2022: The UK government has announced that it will scrap the 45% tax rate on incomes above £150,000 as of 6 April 2023.Chancellor of the Exchequer Kwasi Kwarteng told the House of Commons that the 45% tax rate would be replaced with a 40% rate in order to ...
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ArticleLidl GB increases entry level pay to £10.90 an hour
Supermarket chain Lidl GB has increased the hourly pay rate of all store and warehouse employees, effective from 1 October and representing a £39.5 million investment.The business has increased entry-level pay from £10.10 to £10.90 per hour for those outside of London and £11.30 to £11.95 per hour for those ...
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ArticleGovernment scraps temporary national insurance increase
Mini Budget 2022: The government has scrapped the temporary 1.25 percentage point increase to national insurance (NI) contributions for the 2022/23 tax year.Chancellor of the Exchequer Kwasi Kwarteng announced in his Mini Budget speech, that as of 6 November, NI rates will drop to their previous percentage levels. Class One ...
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ArticleGovernment drops income tax basic rate to 19% one year early
Mini Budget 2022: The UK government has announced that it will reduce the basic rate of income tax by one pence to 19% as of 6 April 2023, one year earlier than planned.According to Chancellor of the Exchequer Kwasi Kwarteng's speech to the House of Commons, this will result in ...
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ArticleThe top 10 most-read articles between 16 - 22 September 2022
The top 10 most-read articles on www.employeebenefits.co.uk between 16 and 22 September 2022 were: Port of Liverpool staff strike over rejected pay dealGalliford Try awards staff up to £750 cost-of-living paymentLufthansa pilots agree to strike truce and £428 monthly raisePartners& research: 25% of employers cannot afford living cost support paymentsHard ...
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ArticleAllied Vehicles Group increases wages weighted towards lowest paid
Allied Vehicles Group, based in Possilpark in north Glasgow, has invested more than £1 million in pay rises to help its workforce cope with the cost-of-living crisis.Each of the organisation's nearly 600 staff received a pay increase this month, on a sliding scale weighted towards those who are lower paid. ...
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ArticleLiving Wage Foundation increases real living wage to £10.90
The Living Wage Foundation has increased its real living wage rates to £10.90 an hour across the UK and £11.95 an hour in London.This is a £1 and 90 pence rise, respectively, and will see almost 400,000 employees working for more than 11,000 accredited employers across the country receive a ...
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ArticleMarks and Spencer invests £15 million in staff support package
Marks and Spencer has invested £15 million in a package of support for its front-line employees during the cost-of-living crisis, including a pay review and extended wellbeing benefits.As of 1 October, more than 40,000 members of staff will see their hourly pay rise to a minimum of £10.20. This follows ...
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AnalysisHow are employers’ approaches to Christmas celebrations changing?
Some employers are bringing back their in-person Christmas celebration this year specifically to bring people together and help create a connection among the workforce, as well as address diversity and inclusion.Employers should still be mindful of individual needs and preferences, as not everyone has returned to the workplace, choosing to ...
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ArticleMoray Council gains living wage accreditation
Credit: Wirestock Creators / Shutterstock.comMoray Council in Scotland has received living wage employer accreditation as of this week.According to the council, it has paid above the living wage rate since 2012, with a rate of £10.04 per hour being the lowest pay point on its salary scale as of April ...
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ArticleGalliford Try awards staff up to £750 cost-of-living payment
Credit: Leeds Fotografica / Shutterstock.comConstruction firm Galliford Try has introduced a one-off payment for around 1,800 of its members of staff, in order to increase support in the face of the rising costs of living.The business stated that almost half its 3,300-strong employee base will receive individual payments of up ...
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ArticleCoverage Care Services rewards employees with second 2022 pay rise
Shropshire-based care provider Coverage Care Services has given its workforce a second pay rise this year in order to support them with rising household bills.The business, which employs around 1,000 people in caring, nursing, administrative, domestic and maintenance roles, said it has invested £1.5 million in the pay increase, meaning ...
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ArticlePort of Liverpool staff strike over rejected pay deal
Credit: John B Hewitt / Shutterstock.comMore than 560 port operatives and engineers employed by Peel Ports Group at the Port of Liverpool have begun a two-week strike in a dispute over pay.The strike began yesterday (19 September) and will continue until 3 October. The employees, represented by trade union Unite, ...
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ArticleHard Rock International increases pay for 10,000 US employees
Credit: Farts Pfotografy / Shutterstock.comHard Rock International and Seminole Gaming has invested over $100 million (£87.9 million) in order to raise wages for more than 10,000 employees, making up half of its US workforce.Some staff will receive a more than 60% pay increase, with starting wages at between $18 (£15.81) ...