All Financial wellbeing articles – Page 47
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ArticleVirgin Money gives staff £1,000 cost-of-living payment
Financial services business Virgin Money has awarded staff a one-off cost-of-living payment of £1,000, which they will receive on top of their salary on Friday 19 August.A total of 78% of its permanent and fixed-term staff are eligible for the payment as they are paid £50,000 or less. Virgin Money ...
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ArticleLondon School of Hygiene and Tropical Medicine staff strike in pay row
Cleaners, porters, and post room and security staff working for the London School of Hygiene and Tropical Medicine (LSHTM) have begun strike action over an ongoing pay dispute.The employees, who are members of the Independent Workers’ Union of Great Britain (IWGB) and will strike until Wednesday 20 July, voted unanimously ...
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ArticleSTR Group gives staff £500 bonus and summer trading hours
International recruitment business STR Group has awarded its 140-plus employees with a £500 cost-of-living bonus, and has introduced summer trading hours.As of this month, the Cosham-based firm will allow its staff to finish at 2pm every Friday, with some of the team who work US hours able to move to ...
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Article83% of employers to boost financial wellbeing support
Four-in-five (83%) UK employers have planned to focus on employee financial wellbeing through enhanced communication, education and decision-making support over the next two years, according to Willis Towers Watson’s 2022 Defined contribution and savings survey.The number of organisations with a formal financial wellbeing strategy, connected programmes, a consistent brand and ...
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ArticleThe top 10 most-read articles between 8 July – 14 July 2022
The top 10 most-read stories on employeebenefits.co.uk between 8 July and 14 July were: Cadbury staff secure up to 17.5% two-year pay dealNatwest gives lowest earning staff £1,000 pay riseJet2holidays implements 8% pay rise and £1,000 bonusPeloton offers staff one-off cash bonus and stock options79% want employer support during cost-of-living ...
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ArticleFerring Pharmaceuticals launches global family benefits package
Biopharmaceutical group Ferring Pharmaceuticals has introduced a global family building benefits package for its employees as part of a commitment to help them build families of all shapes and sizes.According to the group, which employs 6,000 people worldwide, the holistic three-tier support model provides a 26-week global minimum standard of ...
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Supplier articleTop 10 ways to help employees through the cost of living crisis
The cost of living crisis is affecting many people and 36% of UK adults say they are already cutting back on what they spend.* Pay rises are one option to help people cope, but this is not always possible, and even if it is, companies are unlikely to be able ...
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ArticleRoyal Docks starts campaign to become London's first living wage place
Credit: dominika zara / Shutterstock.comThe Royal Docks in Newham, London, has launched a campaign to become a living wage place, with the aim of increasing the number of accredited employers by 50% over the next three years.The campaign has been launched at the same time as ExCeL London received living ...
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Supplier articleIncrease in cost of living causes two fifths to reduce or stop regular saving
Over two fifths (42%) of UK adults say the increase in the cost of living has meant that they have reduced or stopped any regular savings.A survey of 2,000 UK adults was conducted by WEALTH at work, a leading financial wellbeing and retirement specialist and looked at people’s savings habits. ...
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Article64% of UK staff are stressed about their finances
Almost two-thirds (64%) of employees said their finances have made them feel stressed, anxious, or depressed, according to new research from Metlife UK.The research, conducted by Opinium on behalf of Metlife UK with 1,428 UK part-time and full-time workers, highlighted that as the rising cost-of-living crisis continues to impact people’s ...
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AnalysisHow employee share schemes can be used to attract and retain talent
Need to knowFinancial gain aligned to the success and growth of an organisation supports medium- and long-term motivation and retention.Employers should keep communications clear, but simple. Employees will need to understand the personal monetary value of a share scheme before making the decision to sign up.Share schemes should be part ...
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Case StudiesPetroplan launches enterprise management incentive to drive engagement
In April 2022, global talent acquisition specialist Petroplan Group launched an enterprise management incentive (EMI) scheme in the UK, with an equivalent share option scheme for its non-UK offices, giving its 80-strong workforce an opportunity to build an ownership stake in the business.The move is designed to help drive productivity, ...
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ArticleNatwest gives lowest earning staff £1,000 pay rise
Banking group Natwest has awarded more than 22,000 of its lowest paid employees in the UK and all global locations an average pay rise of £1,000 on a full-time equivalent (FTE) basis, effective from 1 September.In the UK there will be an additional 4% salary increase for employees earning under ...
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ArticlePost Office employees at 114 locations strike over pay row
Post Office employees working at 114 crown post offices, larger branches usually found on high streets, have begun a 24-hour strike over pay.The 3,500 members of staff, members of the Communication Workers Union (CWU), rejected a pay offer from management worth 3% and a £500 lump sum. The union stated ...
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Article79% want employer support during cost-of-living crisis
Eight in 10 (79%) of UK employees said their employer has an obligation to support them in managing the cost-of-living crisis, according to research by people analytics business Visier.The survey of 2,010 full-time staff at UK organisations employing more than 250 people revealed that 71% did not feel their employer ...
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ArticleCadbury staff secure up to 17.5% two-year pay deal
More than 1,000 Cadbury workers have achieved a two-year pay deal worth up to 17.5%, as well as a separate 25% boost in holiday pay.A total of 80% of the workers based at Cadbury’s sites in Bournville, Birmingham, Chirk, Wales and Marlebrook in Hereford, members of the union Unite, voted ...
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ArticleThe top 10 most-read articles between 1 July – 7 July 2022
The top 10 most-read stories on employeebenefits.co.uk between 1 July and 7 July were: Government changes fit note certification legislationHerbert Smith Freehills increases newly qualified lawyer pay by 14% Bosch Rexroth Glenrothes staff strike over pay rowKnight Frank introduces debit card as part of enhanced benefits package TikTok star makes ...
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ArticleEden Hotel Collection gives staff up to 14% pay rise
Boutique hotel group Eden Hotel Collection has given its 350 employees a pay rise of up to 14%, due to the rising cost-of-living crisis and recruitment challenges.This is the second pay increase that the group, which has hotels in Warwickshire, Gloucestershire, Worcestershire and Devon, has awarded its staff within the ...
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ArticleKnight Frank introduces debit card as part of enhanced benefits package
Credit: Lubo Ivanko / Shutterstock.comProperty consultancy Knight Frank has updated its benefits package, including offering its 2,220 UK employees a branded, money-saving debit card to make charitable donations and reduce foreign exchange fees abroad.Currensea is an open banking enabled debit card which links to existing bank accounts and allows users ...
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ArticleBosch Rexroth Glenrothes staff strike over pay row
A total of 245 employees working at global technology and engineering firm Bosch Rexroth Glenrothes in Scotland have commenced industrial action over a pay proposal that they claim could leave them £7,000 a year worse off.Bosch Rexroth, a subsidiary of Bosch, proposed a 6% pay deal, which is below the ...