All Financial wellbeing articles – Page 46
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ArticleTaylor Wimpey gives staff £1,000 for rising fuel costs
Credit: Davelees / Shutterstock.comHousebuilder Taylor Wimpey has pledged to give the majority of its employees an extra £1,000 on top of their salaries to help them cope with rising fuel costs over winter.The payments, which will be paid in monthly instalments starting from September and ending next February, will be ...
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ArticleEXCLUSIVE: Atalian Servest rolls out financial wellbeing support and flexible pay
Facilities management provider Atalian Servest has rolled out a monetary wellbeing service to its 28,000 strong workforce based in locations across the UK and in sectors including construction, healthcare, education, professional services and retail, among others.In partnership with financial wellbeing app Wagestream, staff can track their shifts and pay on ...
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Case StudiesUniversity of Lincoln pension communications tap into student mindset
The University of Lincoln has more than 2,000 employees, a large proportion of which are students, presenting unique challenges when it comes to addressing current financial wellbeing as well as pension savings.Many of these student employees sit below the minimum threshold for auto-enrolment, while even those who are eligible have ...
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AnalysisPensions communications to cut through the noise
Need to know:Employers need tailored, practical messaging to reach employees struggling with pressing financial concerns.A multi-avenue approach will help catch a wider range of employees' attention, but video content and digital strategies are good starting points.In order to cut through the noise, people need to see their pensions as real, ...
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ArticleRicoh UK introduces financial wellbeing app for employees
Digital services and printing solutions firm Ricoh UK has partnered with financial wellbeing advice platform Wealth Wizards in order to help its around 1,800 employees improve their finances.Staff have been given access to the platform’s financial wellbeing application MyEva, which provides a financial health check and a personalised dashboard. Financial ...
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Supplier articleTHE LINK BETWEEN FINANCIAL WELLBEING AND MENTAL HEALTH
Workplace mental health issues have been on the rise for over a decade, and understandably spiked significantly during the Covid-19 pandemic.There are many possible reasons behind poor mental health at work, including non-work-related issues, but worrying about money is one of the biggest drivers of stress in UK adults.Let’s take ...
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ArticleHSBC awards lowest-paid staff £1,500 cost-of-living bonus
Banking group HSBC has given around 18,000 of its lowest paid employees a £1,500 payment to help with rising living costs.The payment, which was secured by trade union Unite on behalf of the bank’s staff, will be made in the August pay round.Dominic Hook, national officer at Unite, said: “Unite ...
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Article46% of key workers say discount schemes boost loyalty
Of the 2.7 million key workers using Network’s discount schemes, 46% said they feel more loyal to their role and 37% were more likely to recommend their workplace to others as a result.The provider commissioned research to understand the effect of the pressures facing carers in the current climate, and ...
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ArticleBT employees strike over pay dispute
More than 40,000 workers at telecommunications business BT have walked out today in the first of two planned strikes in a row over pay.Engineers and call centre staff, who are members of the Communication Workers Union (CWU), voted in favour of industrial action after BT previously offered a £1,500 per ...
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ArticleCo-operative Bank gives staff £1,000 cost-of-living pay rise
Credit: philip openshaw / Shutterstock.comThe Co-operative Bank has awarded its staff a £1,000 pay rise, due to take place in September, to support them amid the cost-of-living crisis.According to the bank, around 95% of its 3,000-plus employees will be eligible for the pay rise, while the remaining 5% who are ...
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Supplier articleAlmost a quarter of adults are now concerned about their financial health
In a new study, 23% of UK adults are now concerned about their financial health34% say not being able to pay basic living costs, such as rent, energy bills and food, is their biggest financial concernWorkplaces are a great source of support for employeesThe cost of living crisis shows no ...
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Supplier articleHOW TO IMPLEMENT FINANCIAL WELLBEING INITIATIVES THAT DRIVE ENGAGEMENT
Money worries are one of the biggest drivers of stress in UK adults, and in the current economic climate this is truer than ever before.However, did you know that if your employees are struggling with their financial wellbeing it will also be affecting the organisation as a whole?Financial wellbeing is ...
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ArticleMoneysupermarket gives employees £2,000 for rising living costs
Price comparison website Moneysupermarket has revealed that it will award a one-off £2,000 payment to half its workforce in September, to help with the cost-of-living crisis.The business, headquartered in Wales, will give the bonus to employees that earn £55,000 and below, which equates to almost 50% of its around 700 ...
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ArticleWarwickshire County Cricket Club accredited as living wage employer
Credit: Simply Photographic / Shutterstock.comWarwickshire County Cricket Club has been accredited as a real living wage employer as part of an ongoing commitment to supporting its staff and addressing the cost-of-living.More than 180 regular staff who work at Edgbaston for the club, or for partners G4S and Compass, will receive ...
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ArticleTSB gives lowest earning staff £1,000 cost-of-living bonus
Banking group TSB has awarded 4,500 of its employees a £1,000 bonus to help with the cost-of-living crisis.The bonus will consist of two £500 payments, in October 2022 and February 2023. These will be paid to those in the bank’s three most junior grades, who earn on average up to ...
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ArticleAviation Fuel Services staff at Heathrow secure 12.5% pay increase
A total of 48 employees of Aviation Fuel Services (AFS) have received a 12.5% pay rise, an increase in weekend overtime rates, and a £2,500 bonus.The staff are responsible for refueling half of the non-British Airways traffic at Heathrow airport, including Virgin Atlantic, United, Singapore, KLM, American, Emirates, Air France ...
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ArticleAldi increases hourly pay for second time in 2022
Aldi has given its approximately 26,000 hourly paid store employees a second pay increase this year in order to remain competitive in the face of rising living costs.As of September, all UK-based store assistants at the German-owned grocery chain will receive an increase of 40 pence an hour on their ...
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ArticleFive Guys franchisee launches on-demand pay
Image credit: Ken Wolter / Shutterstock.comFive Guys franchisee Life's Food has introduced on-demand pay for its more than 200 employees, based across 23 locations in North Carolina, South Carolina and Tennessee.Through a partnership with on-demand salary provider DailyPay, Five Guys staff in Life's Food-run locations have been given the option ...
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ArticleThe top 10 most-read articles between 15 July – 21 July 2022
The top 10 most-read stories on employeebenefits.co.uk between 15 July and 21 July were: Supreme Court rules teacher entitled to more holiday pay in landmark caseJohn Lewis Partnership becomes Menopause Friendly EmployerCourt of Appeal overturns injunction preventing Tesco from removing enhanced pay English NHS staff receive minimum £1,400 pay rise ...
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ArticleEnglish NHS staff receive minimum £1,400 pay rise
The government has announced that more than a million NHS employees in England will get a pay rise of at least £1,400, with lowest earners getting an increase of up to 9.3%.Backdated to April 2022, porters and cleaners will see a 9.3% increase, eligible dentists and doctors will receive a ...