All Financial wellbeing articles – Page 47
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ArticleEXCLUSIVE: Wickes leverages benefits schemes to bring cost savings
Employee Benefits Live 2022: Home improvement retailer Wickes has made a number of changes to its benefits schemes to bring cost savings to the business, while also supporting the financial wellbeing of staff.Addressing delegates at Employee Benefits Live 2022 in a session entitled ‘How to structure a compelling cost-effective benefits ...
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ArticleSony Music UK launches childcare funding scheme
Sony Music UK has introduced a policy that allows some of its parent employees to receive a financial contribution towards childcare costs for pre-school age children.The scheme provides lower and middle earners with up to a maximum of £15,000 funding per year towards the cost of childcare during working hours. ...
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ArticleSaga awards lowest-paid staff £1,000 cost of living payment
Saga, a provider of products and services for people aged 50 and over, has given its lowest-paid employees a £500 cost of living payment in their latest pay packet.The business, which employs more than 2,500 people, informed its workforce of this decision in an internal memo. It also outlined plans ...
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ArticleiGO4 signs Menopause Workplace pledge and covers HRT cost for staff
Digital insurance business iGO4 has pledged to cover the cost of hormone replacement therapy (HRT) for employees, and has signed the Menopause Workplace pledge.The firm, which employs around 300 members of staff, signed the pledge in order to demonstrate its commitment to recognising the impact of the menopause, and the ...
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Supplier article4 key lessons for HR from the latest HR and employee benefits research
Recently we pulled together insights from some of the HR industry’s most important research into one article to give us an idea of how the world of work is looking, covering a range of topics, including financial wellbeing, health and wellbeing and recruitment and retention. They also ...
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ArticleSkanska UK to give 1,300 employees one-off £750 payment
Skanska UK has invested almost £1 million to provide a one-off cost-of-living support payment to 1,300 of its 3,300 members of staff.The 1,300 lowest paid Skanska UK employees will be given a one-off bonus payment of £750 in November 2022, in order to help them address the challenges of rising ...
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ArticleAmazon invests $1 billion in increased US wages
Retail business Amazon has committed to invest almost $1 billion (£895.4 million) into raising its hourly paid US employees’ wages, and expanding its wage access programme, as of October.The average hourly pay for front-line staff in customer fulfilment and transportation will increase from $18 (£16) per hour to more than ...
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OpinionLovewell's logic: Will staff look to employers for support on rising mortgage rates?
A week on from the government’s Mini Budget, and many individuals and employers are still working through the ramifications and exactly what it means for them.The challenges many households are currently facing due to the cost-of-living crisis are well documented. However, with interest rates now expected to rise following the ...
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ArticleDee Set Group introduces flexible pay and financial wellbeing support
Retail solutions firm Dee Set Group has introduced financial wellbeing support for its more than 3,000 employees in the form of an earned wage access platform and financial coaching as of this week.Provided by Wagestream, the system allows employees to draw up to 50% of their salary out at any ...
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ArticleCurrys gives staff second pay rise for 2022
Technology retailer Currys has introduced a pay rise of 3.5% for its 10,000 hourly paid UK staff as of 30 October, announced just one month after a previous increase came into effect.Hourly rates have been increased by to £10.35 per hour?and £11.43 in?London, in what is the third raise in ...
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ArticleThe top 10 most-read articles between 23 - 29 September 2022
The top 10 most-read articles on www.employeebenefits.co.uk between 23 and 29 September 2022 were: Government scraps 45% tax rate on incomes above £150,000Natwest Group replaces paternity leave with inclusive partner policyGovernment drops income tax basic rate to 19% one year earlyHSBC UK and Bristol Myers Squibb named among top menopause ...
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ArticleNDreams increases annual salaries by £1,000
Virtual reality game developer NDreams has increased the yearly salary for each of its 180 full-time employees by £1,000, in order to address rising UK energy bills.The business is headquartered in Farnborough, Hampshire, with many of its staff working on a hybrid or remote basis. It has increased salaries for ...
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AnalysisAre employers doing enough to support employees’ mental health in today’s climate?
There are a range of measures that employers can implement to help break the stigma surrounding mental health and offer support to their workforce.Identifying a wellbeing lead or training employees as mental health first aiders can be a first step to creating a support strategy.As cost-of-living increases continue to affect ...
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Case StudiesSpringwell School benchmarks workplace wellbeing with tools and support
Springwell School, a primary school for children aged 4-11 years with complex learning difficulties which employs 231 members of staff, introduced a new digital mental health provider in September 2022.All of its teachers, teaching support staff, on-site staff and governors, as well as the partners of employees or one family ...
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ArticleEXCLUSIVE: HardSoft introduces financial wellbeing support
Hardware and software leasing business HardSoft has launched a financial wellbeing platform for its workforce to help them navigate the cost-of-living crisis.The platform, which is provided by Bippit, offers access to professionally qualified financial coaches, as well as a suite of financial wellbeing tools. The service is free for the ...
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ArticleJust Group awards cost-of-living payment to employees
Retirement specialist firm Just Group is to make a one-off additional payment to two-thirds of its workforce next month in order to help them through the cost-of-living crisis.Employees earning an annual salary under £50,000 will receive a one-off payment of £1,200, while those on a salary between £50,000 and £60,000 ...
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ArticleEXCLUSIVE: Ipsos, Claranet and The AA to discuss financial wellbeing at Employee Benefits Live 2022
How to support staff during the cost-of-living crisis and how to build an effective financial wellbeing strategy are just some of the topics that will be discussed by industry experts from Ipsos, Claranet and The AA on Thursday 6 October at Employee Benefits Live 2022.In a session titled 'Building ...
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ArticleEXCLUSIVE: Visionable launches financial wellbeing app
EXCLUSIVE: Software firm Visionable has introduced app-based financial wellbeing support for its 43 members of staff as of this month.The financial wellbeing platform, by Bippit, provides professionally qualified financial coaches matched to staff needs. Employees answer questions about their concerns or needs, and based on that information, they are connected ...
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Supplier articleMini-budget update
The Chancellor of the Exchequer Kwasi Kwarteng, has today delivered the mini-budget report. Please see our summary below:Income tax and National InsuranceAs heavily rumoured, the planned cut in the basic rate of income tax from 20% to 19% has been brought forward to next tax year (April 2023) from April ...
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ArticleGovernment scraps 45% tax rate on incomes above £150,000
Mini Budget 2022: The UK government has announced that it will scrap the 45% tax rate on incomes above £150,000 as of 6 April 2023.Chancellor of the Exchequer Kwasi Kwarteng told the House of Commons that the 45% tax rate would be replaced with a 40% rate in order to ...