All Financial wellbeing articles – Page 45
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ArticleLowest-paid Local Government Association staff accept 10.5% pay deal
More than 350,000 members of staff employed by the Local Government Association (LGA) have accepted an offer in which they will be paid an extra £1,925 this year.The unions Unison, GMB and Unite have been negotiating pay for the majority of the local government workers over the last few months. ...
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ArticleScottish Co-op coffin makers strike in pay offer row
Credit: Silvi Photo / Shutterstock.comCoffin makers employed by Co-op Funeralcare in Scotland have started a week of strike action in their campaign for an improved pay offer.The employees rejected a pay offer, which they said equated to less than 5% when compared with the current rate of inflation of 12.3%.The ...
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ArticleAirbus pays employees £1,500 cost-of-living bonus
Credit: vaalaa / Shutterstock.comAviation employer Airbus has awarded around 120,000 of its employees with a bonus to be paid in their next payroll, in order to support them during the cost-of-living crisis.According to an internal memo from the business, all staff, including senior managers, are eligible, including 5,000 members of ...
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ArticleEast Midlands Airport agrees to 10% pay rise for security staff
Credit: Electric Egg / Shutterstock.comSecurity staff employed by East Midlands Airport have secured a 10% pay increase after 178 Unite members voted for strike action over low pay.Earlier this year, union members were balloted for action, with 92.8% voting in favour. Following this, the airport made the pay offer, which ...
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ArticleAldi raises pay to £11 an hour for 2023
Aldi has committed to raise its starting pay rate for store assistants to £11 an hour nationally, and £12.45 within the M25, as of 1 January 2023.Around 26,000 of the supermarket’s employees will benefit from this increase, which is more than 15% higher than it was a year ago and ...
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ArticleThe top 10 most-read articles between 21 - 27 October 2022
The top 10 most-read articles on www.employeebenefits.co.uk between 21 and 27 October 2022 were: Tyler Perry gifts ex-employee designer bags for birthdayUniversity of Warwick invests £3.5 million in cost-of-living supportBT and Openreach staff strike in ongoing dispute over payTribunal orders HBOS to pay £22,000 in unfair dismissal caseLidl Ireland increases ...
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Case StudiesPodcast: GXO ensures its benefits proposition is reactive to employee needs
tynanbarton · Employee Benefits/GXO podcastListen: As a global logistics firm that is rapidly growing, GXO recognises the importance of offering the right support to people at the right time. As befitting the dire economic times we all face, GXO has implemented a financial wellbeing programme to help its members of ...
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Case StudiesThe benefits offered by GXO
The benefits offered by GXO:PensionTwo defined contribution (DC) pension schemes within GXO, excluding the Clipper acquisition. A group personal pension (GPP) for manager grades with a maximum of 7% employer contribution if the employee pays 5%, and a master trust arrangement for non-manager grades with statutory contribution levels of 8% ...
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ArticleAtradius awards staff £1,600 cost-of-living payment
Insurance business Atradius has awarded its 426 members of staff a £1,600 payment, in order to support them during the cost-of-living crisis.The insurer noted that 99% of its employees across the UK and Ireland, including its headquarters in Cardiff, are eligible for the payment. This includes graduates, interns and those ...
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ArticleIllycaffè splits €500,000 bonus among global employees
Image credit: Elena Gordeichik / Shutterstock.comItalian coffee business Illycaffè has introduced a cash bonus for 1,350 employees across the globe, in order to help them cope with the rising cost of living.In an interview originally published in Italian newspaper Il Corriere della Sera, Cristina Scocchia, CEO of Illycaffè, confirmed that ...
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Supplier articleHow to help your employees make good financial decisions in challenging times
Author : Tracey Ward, Head of Business Development and Marketing at Generali UK Employee BenefitsWhile governments around the world do what they can to tackle inflationary pressures, employers need support to: understand employee needs; help employees make smart financial decisions; and investigate how existing benefits and provider partnerships can help.In ...
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AnalysisHow can employers tailor benefits to suit ‘unretired’ employees?
Need to know:As increasing numbers of 'unretired' employees return to work, flexibility is an important factor in order to remove potential barriers from day one.Financial wellbeing may be a concern for many re-entering the workforce, while employers should consider the specific health issues facing older people.Having a tailorable benefits package ...
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Case StudiesMid Yorkshire Hospitals NHS Trust offers comprehensive benefits to staff returning from retirement
The Mid Yorkshire Hospitals NHS Trust, which is spread across three sites in Wakefield (pictured), Dewsbury and Pontefract, had a strong response to the NHS plea for those who had recently retired to come back to help during the Covid-19 (Coronavirus) pandemic and enrol in its retire-and-return programme, with 117 ...
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ArticleUniversity of Warwick invests £3.5 million in cost-of-living support
The University of Warwick has introduced a cost-of-living support package worth £3.5 million, catering for students, staff and the local community.The university, which is already an accredited living wage employer, has committed to helping staff in lower income bands with a one-off cost-of-living payment of up to £550, to be ...
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ArticleBT and Openreach staff strike in ongoing dispute over pay
More than 40,000 BT and Openreach employees have continued strike action today (Monday 24 October), in an ongoing dispute regarding what they have reported is a real-terms pay cut.According to the Communication Workers Union (CWU), which represents the employees, the strike concerns a flat rate pay rise of £1,500 BT ...
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ArticleLidl Ireland increases minimum wage to €13.85
Lidl Ireland has committed to pay 4,200 of its employees the latest living wage rate of €13.85 (£12.13) per hour, as of 1 March 2023.The grocery chain employs more than 5,000 employees across its 175 Irish stores, head office, regional offices and three distribution centres.It has invested €7.5 million (£6.6 ...
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ArticleBurberry increases salaries for lowest-paid staff
Credit: Sorbis / Shutterstock.comFashion brand Burberry has increased the salaries of its lowest-paid staff in order to match the current real living wage pay figures as decided by the Living Wage Foundation, and to help with the rising cost of living.The business, which employs 3,000 people in the UK, has ...
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ArticleQuorn employees strike over cost-of-living pay dispute
Credit: The Image Party / Shutterstock.comEmployees at vegetarian and vegan food product business Quorn have commenced strike action today (20 October) over a cost-of-living pay rise dispute.The fermenter and chiller technicians, maintenance, laboratory and effluent treatment plant staff, who are members of trade union Unite, started demonstrations at 8am at ...
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ArticleEXCLUSIVE: Netsells launches financial wellbeing platform for staff
Bespoke software development firm Netsells has introduced a financial wellbeing support platform for its more than 35 members of staff to help them navigate the cost-of-living crisis.The platform, provided by Bippit, offers each Netsells employee access to a financial coach who has been matched to their needs, as well as ...
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ArticleMinistry of Defence incentivises cycling to work
Telford and Wrekin Council has launched a pilot scheme at the Ministry of Defence site at Donnington, incentivising 20 employees to walk or cycle to work instead of driving.The Active SMiles project was designed by the council's Health Protection Hub and Health Improvement Team in conjunction with Travel Telford. It ...