All Financial wellbeing articles – Page 43
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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) ...
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Article25% of employers cannot afford living cost support payments
One in four (25%) employers cannot currently afford to make a payment to support staff through the cost-of-living crisis, according to insurance broker Partners&.Its survey of more than 160 senior HR, finance, payroll, and c-suite professionals highlighted that nine in every 10 employers expected either a small (38%) or significant ...
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ArticleThe top 10 most-read articles between 9 - 15 September 2022
The top 10 most-read articles on www.employeebenefits.co.uk between 9 and 15 September 2022 were: Sainsbury’s launches cost-of-living support packageGreene King enhances maternity leave and supportAlexander Dennis staff to strike over payMedian monthly pay up 6.5% in August 2022Arcoframe to pay staff £160 a month cost-of-living bonusNorwich City Council launches living ...
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ArticleEuropean Union to implement adequate minimum wage legislation
The European Union (EU) parliament has voted in favour of legislation regarding adequate minimum wages for member states.Member states will have to guarantee that their national minimum wage allows workers to lead a decent life by taking into account the cost of living and wider pay levels. In order to ...
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Supplier articleHOW TO OFFER EFFECTIVE FINANCIAL WELLBEING SUPPORT TO YOUR TEAMS
It’s no secret that we’re all feeling the pinch at the moment.The UK inflation rate, as measured by the Consumer Prices Index (CPI) rose to 9.4% in July 2022—a 40-year high.Worrying about money is one of the biggest drivers of stress in UK adults, but financial strain doesn’t just affect ...
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ArticleSainsbury’s launches cost-of-living support package
Supermarket chain Sainsbury’s is to invest £25 million into a cost-of-living package for hourly-paid staff to support them with rising costs.It will invest £20 million in a pay increase, which will be the second one staff receive this year. From 16 October, Sainsbury’s and Argos' hourly retail workers' pay will ...
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ArticleArcoframe to pay staff £160 a month cost-of-living bonus
Arcoframe, a Merseyside-based window supplier, is to give its employees additional funding support in order to help with rising costs over the winter period.The organisation will pay its 28 employees £160 each per month throughout the upcoming colder months to help ease the pressure of rising costs. All staff will ...
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ArticleLewisham and Greenwich NHS Trust becomes living wage accredited
Credit: London Stock / Shutterstock.comLewisham and Greenwich NHS Trust has been accredited as a living wage employer, resulting in all staff now earning a minimum of £11.05 per hour.More than 2,000 workers employed by the trust have had their pay rates increased to the London living wage rate. Nearly 750 ...
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ArticleAlexander Dennis staff to strike over pay
Credit: AL Robinson / Shutterstock.comEmployees of bus manufacturing firm Alexander Dennis commenced strike action today (13 September) following their rejection of a wage offer from the employer.Coach builders and spray painters, who are members of trade union Unite, are based at Camelon manufacturing site and Larbert corporate headquarters in Scotland. ...
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Case StudiesThe benefits offered by AG Parfetts and Sons
Benefits on offer at AG Parfetts and Sons:Pension and group riskGroup personal pension (GPP) for all employees, with a 5% employee and 5% starting employer contribution, up to a maximum of 10% with long service.Employer paid group income protection for senior management teams.Death in service paid at four times salary ...
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Case StudiesPodcast: AG Parfetts and Sons centres benefits strategy around employee wellbeing
tynanbarton · AG Parfetts & Sons/Employee Benefits podcastListen: As an employee-owned business, AG Parfetts and Sons ensures that its benefits strategy reflects the interests of its employees.In the past few years, the cash and carry business has adapted its offering in recognition of the impact that the Covid-19 (Coronavirus) pandemic ...
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ArticleNorwich City Council launches living wage place initiative
Credit: Wirestock Creators / Shutterstock.comA coalition of local businesses, charities and public sector organisations, forming the Making Norwich a Living Wage City Action Group, has launched its plan to increase the number of accredited living wage employers in the city.The group is comprised of Norwich City Council, Aviva, City College ...
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Article58% say flexible working helps with living costs
Almost six in 10 (58%) hybrid workers said flexible working has helped them to manage the increased cost of living, according to research from Glassdoor.Around 2,000 UK office workers were surveyed to further understand the impact of successful hybrid working patterns on employees, and found that 23% admitted commuting has ...
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ArticleYou at Work awards staff £500 cost-of-living bonus
Employee benefits provider You at Work has awarded its staff a £500 bonus, to be paid in November, in response to rising inflation and the cost-of-living crisis.The bonus will be given to all staff except for the four senior management team members.The provider made this announcement at its recent financial ...
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ArticleThe top 10 most-read articles between 2 September - 8 September 2022
The top 10 most-read articles on www.employeebenefits.co.uk between 2 September and 8 September 2022 were: Convention of Scottish Local Authorities agrees to 5% pay riseUnion to take Deliveroo to Supreme Court over collective bargaining rightsBritish Airways returns annual leave to pre-pandemic levels for engineersGovernment launches NHS pension changes consultation Balfour ...
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ArticleSky gives employees £1,000 cost-of-living payment
Credit: philip openshaw / Shutterstock.comBroadcaster and telecommunications business Sky has awarded 70% of its UK and Ireland workforce £1,000 to help ease the pressures of the cost-of-living crisis.The £1,000 payment will be given to UK-based staff, while employees based in Ireland will receive the equivalent in Euros. It will be ...
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ArticleEXCLUSIVE: HelloFresh expands financial wellbeing service across UK offices
Meal kit business HelloFresh has rolled out a financial wellbeing platform to an additional 120 UK employees this month, to ensure access for its 582-strong office-based workforce.The platform, provided by Bippit, offers free access to professionally qualified financial coaches, able to confidentially deal with concerns or questions they have through ...
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ArticleItsu gives staff up to 13% pay rise
Asian restaurant and grocery chain Itsu has awarded its 1,200-strong workforce a pay rise of up to 13% to help them cope with the rising cost of living in the UK.The chain’s investment will see entry-level pay boosted to a minimum of £11.50 per hour, which is almost 20% higher ...
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Article24% think their employer could offer more cost-of-living support
Nearly one-quarter (24%) of UK workers thought that their employers could be supporting them more during the cost-of-living crisis, according to new research from online printer service Instantprint.The survey of 1,000 UK employees found that 45% said that pay rises and bonuses would help with the cost-of-living and 44% wanted ...
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Supplier articleHalf of young adults have reduced or stopped regular saving as a result of the cost of living crisis
Half (50%) of 18–34 year olds say the increase in the cost of living has meant that they have reduced or stopped any regular savings. This is compared to over two fifths (42%) of all UK adults, and more than a third (32%) of those aged 55 and over, according ...