All Financial wellbeing articles – Page 44
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ArticleStagecoach Hull gives staff 20% pay rise
More than 250 Stagecoach workers in Hull have accepted a two-year pay deal worth 20% after suspending further strike action.The bus drivers, who were on strike for four weeks, have received a pay increase to £12.50, backdated to May 2022. This will then increase to £13 from December 2022, £13.25 ...
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ArticlePWC launches discount scheme and virtual financial wellbeing support
Professional services firm PricewaterhouseCoopers (PWC) has introduced a new shopping discounts portal for its 22,000 UK employees, as well as hosting virtual events to help support financial wellbeing.The portal, provided by Reward Gateway, replaces an older system and aims to give staff easier access to a wider range of discounts ...
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ArticleA quarter of staff have had cost of living help from their employer
Just one-quarter (25%) of employees have received additional assistance from their employers to help manage the rising cost of living, outside of annual salary increases, according to HR services provider Randstad.The research, which surveyed 7,000 people across five markets, also revealed that 57% were not expecting any additional help in ...
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ArticleNewcastle City Council increases pay for lowest earners
Newcastle City Council has increased wages by £1 per hour for 800 of its lowest-paid employees, as part of its commitment to fair pay and maintaining a decent standard of living.The eligible employees include school cooks, domestic staff, cleaners and nursery assistants, among others, and the overall pay increase will ...
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ArticleTangerine Group rewards staff with profit share bonus
Animal health and nutritional brand business Tangerine Group has rewarded 57 of its employees with more than two years of service with an annual profit share bonus.The staff have shared a £400,000 bonus pot, with those who have been with the organisation the longest receiving up to £10,000 in their ...
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ArticleRoyal National Institute of Blind People offers workforce financial education
Sight loss charity Royal National Institute of Blind People (RNIB) has provided access to financial education to its employees and others with sight loss.The charity partnered with global financial education benefit provider Nudge, which has made sure that its technology now complies with the web content accessibility guidelines. It has ...
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ArticleUniversity of Sheffield gives staff £1,000 cost of living payment
The University of Sheffield has awarded a £1,000 payment to all of its employees, equating to an £8.4 million investment, in response to the rising cost of living.Casual workers and graduate teaching assistants will be provided with an equivalent increase in their hourly rate of pay for any work they ...
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ArticleWincanton gives Asda HGV drivers 9.5% pay rise
More than 80 heavy goods vehicle (HGV) drivers employed by Wincanton on an outsourced contract, delivering food to Asda’s regional distribution centres, have accepted a 9.5% pay increase.The drivers, who are members of the trade union Unite, are based at Wincanton’s depot in Rochdale, Greater Manchester. They were previously paid ...
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AnalysisBuyer’s guide to retail and discount voucher schemes
What are retail and discount voucher schemes?Employee discount voucher schemes come in various forms, all of which aim to provide staff with savings on a range of purchases, from everyday shops to big-ticket items and the latest technology. There are three main types of scheme, which might fall under different ...
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ArticleEXCLUSIVE: AutoRek launches financial wellbeing tool for staff
Financial control and data management solutions provider AutoRek has introduced a financial wellbeing and coaching tool for its more than 140 employees.Through the platform provided by Bippit, can access one-to-one financial coaching from a professional matched to their needs, after answering a series of questions about their financial concerns.Also available ...
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ArticleDisability pay gap rises to 17.2% for 2022
Non-disabled employees now earn one-sixth (17.2%) more than disabled workers in 2022, an increase from the 16.5% disability pay gap last year, according to analysis published by the Trades Union Congress (TUC).The research found that the disability pay gap for 2022 was £2.05 an hour, or £3,731 per year for ...
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ArticlePrinces Group gives staff one-off payment and 7% raise
Food and drink organisation Princes Group has agreed to a 7% pay rise, as well as an additional one-off payment, for its 700 employees.Trade union Unite secured the increase for the members of staff based at sites in Glasgow, Bradford, Cardiff and Long Sutton, Lincolnshire, who produce a range of ...
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ArticleLloyds Bank offers employees minimum £2,000 pay rise
Banking organisation Lloyds Bank has offered its staff either a £2,000 pay rise or a 5% lift in salary up to a maximum of £5,000, whichever is greater.According to a notice published by trade union Unite to its members at the bank, the pay offer equates to an increase of ...
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How to design a financial education and wellbeing strategy that works for your employees
VIDEO: Georgia Rule, reward business partner at the AA, presented a session titled ‘How to design a financial education and wellbeing strategy that works for your employees’ on 6 October at Employee Benefits Live 2022.Key points covered within the session included:Financial education and wellbeing is more important than ever; it ...
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How to help colleagues feel they are in control of their money with the cost-of-living crisis
VIDEO: Katherine Thomas, HR systems and rewards specialist, Kirsty Fraser, UK HR manager, and Kelly Drew, human resources advisor at Claranet, presented a session titled ‘How to help colleagues feel they are in control of their money with the cost-of-living crisis’ on 6 October at Employee Benefits Live 2022.Key points ...
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Video
Building an effective financial wellbeing strategy
VIDEO: Michaela O’Reilly, head of reward and analytics at Ipsos, presented a session titled ‘Building an effective financial wellbeing strategy’ on 6 October at Employee Benefits Live 2022.Key points covered within the session included:Pensions savingsOther savings and benefitsHow to help with the cost of living.Please note: Due to data compliance, ...
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ArticleBritishvolt asks staff to agree to temporary pay cut
Credit: Hazel Plater / Shutterstock.comEmployees at UK battery firm Britishvolt have agreed to take a pay cut this month, due to fears that the business could run out of money, with executives not taking any pay at all.A total of 300 members of staff will take a reduction in pay ...
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ArticleEXCLUSIVE: Vita Mojo launches financial coaching tool for staff
Food and drink ordering technology business Vita Mojo has launched a financial coaching and money management tool for its more than 90 employees.Vita Mojo, which works with brands including Gail's, YO!, Leon and Honest Burgers, has introduced a financial wellbeing platform provided by Bippit. The platform includes access to professional ...
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Supplier articleHOW YOUR CHRISTMAS REWARDS CAN MAKE A REAL DIFFERENCE
We’re living in a climate of uncertainty and a cost-of-living crisis. Quite rightly, mental health is high on everyone’s agenda, as is the need to focus on the importance of the individual and the need for a work-life balance. The festive season may come with images of ...
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ArticleKingsbridge Insurance expands benefits offering
Tewksbury-based insurance firm Kingsbridge Insurance has introduced a number of measures to its benefits package in order to support its 106 members of staff during the cost-of-living crisis.The business has begun to provide employees with free breakfast and lunch each day, offering cereals, an assortment of breads, porridge, and fresh ...