All Financial wellbeing articles – Page 48

  • financial wellbeing
    Article

    73% have never spoken to their employer about financial wellbeing

    2022-07-04T10:04:24Z

    Almost three-quarters (73%) of employees have never spoken to their employer or line manager about their financial wellbeing, according to a report by workplace pension provider Aviva.The Working lives report 2022: The big squeeze found that a quarter were more likely to trust their own research to guide them on ...

  • wake him up
    Article

    TikTok star makes £28,000 a month letting people wake him up

    2022-07-01T08:00:49Z

    Something for the weekend: If the cost-of-living crisis is hitting you hard and you fancy making a bit of extra cash, here’s an idea straight from popular video app TikTok. Be warned, it will keep you up at night – but not due to financial worries.Full-time social media influencer Jakey ...

  • 35% of employers plan to freeze pay or postpone pay rises
    Article

    UK employers expect pay rise budgets of 4%

    2022-06-30T10:55:27Z

    Expected pay rise budgets have been pushed to 4% for UK organisations, according to research by Willis Towers Watson (WTW).Its ralary budget planning Report found that 64% of organisations have budgeted for higher employee pay rises than last year in response to rising inflation; 41% have increased their budgets since ...

  • BHN-Extras-Logo-cropped-2
    Article

    Chris Ronald: Employees need support through the cost-of-living crisis

    2022-06-29T05:00:34Z

    Everyone is feeling the pinch. Inflation is outstripping benefits and wages, and coupled with recent tax hikes, real disposable income has reached its lowest point in decades. The Bank of England predicts the current cost-of-living crisis to last until next year, with the potential to continue into 2024. This is ...

  • PWC
    Article

    PWC implements pay rises of 7% and higher in £120m investment

    2022-06-27T10:11:16Z

    From 1 July, professional services firm PricewaterhouseCoopers (PWC) will give 70% of its employees a minimum pay increase of 7% as part of the business' recognition of rising living costs and the competitive recruitment market.Those receiving a pay increase lower than 7% include employees at the top of their respective ...

  • top10news17-23June
    Article

    The top 10 most-read articles between 17 June – 23 June 2022

    2022-06-24T07:00:42Z

    The top 10 most-read stories on employeebenefits.co.uk between 17 June and 23 June 2022 were: Biffa awards refuse staff a minimum 24% pay riseFunding Circle introduces wellness allowance and enhances benefitsPremier Foods introduces modern working policiesRolls Royce awards staff £2,000 to help with cost of livingUber drivers strike over pay ...

  • Pay awards
    Article

    Median basic pay increase sits at 4%

    2022-06-23T08:00:38Z

    The median basic pay increase for the three months to the end of May 2022 was worth 4%, unchanged from the previous month and at its highest level since September 1992, according to research by XpertHR.Its analysis found that the median pay award is higher than the 2% recorded a ...

  • Rolls-Royce ask employees to take four days leave to receive full pay
    Article

    Rolls Royce awards staff £2,000 to help with cost of living

    2022-06-21T09:30:45Z

    Engineering firm Rolls Royce has announced that it will award more than 14,000 of its workers a £2,000 one-off payment to help with the rising cost of living in the UK.Approximately 7,000 junior management and shop floor staff employees at its Derby site, which is where it makes large commercial ...

  • benefits
    Analysis

    How can benefits help first-time buyers as property prices surge?

    2022-06-21T05:00:44Z

    Employers can work with providers to offer financial education in the form of specific content guides, downloads, webinars, helplines, tools and modellers, including budgeting, mortgage affordability, mortgage rate calculators, and stamp duty calculators.One option employers can offer to help first time buyers is the lifetime individual savings accounts (Lisa), through ...

  • Alison Watson
    Opinion

    Alison Watson: What employers can do to support staff buying their first home?

    2022-06-21T05:00:25Z

    Current environmental and economic issues are causing many to struggle with paying bills, and this is coming at a time when more and more young people are struggling to get a foot on the property ladder due to increasing property prices and below-inflation pay rises.The government has recently revealed plans ...

  • RichardKay
    Opinion

    Richard Kay: Benefits for first-time buyers can also benefit employers

    2022-06-21T05:00:09Z

    Rising property prices are not only proving problematic for first-time buyers, they can also cause a headache for employers struggling to attract and retain talent. As it gets harder for professionals to afford to get a foot on the property ladder, they are looking to maximise their earnings to make ...

  • top10news10-16June
    Article

    The top 10 most-read articles between 10 June – 16 June 2022

    2022-06-17T08:00:39Z

    The top 10 most-read stories on employeebenefits.co.uk between 3 June and 9 June 2022 were: House of Commons signs Menopause Workplace PledgeMorrisons to pay staff at least £10.20 an hourBlenheim Palace launches staff benefits platformBritish Airways and North Yorkshire County Council shortlisted for Best voluntary benefitsWilson James awards Gatwick Airport ...

  • Lloyds Banking Group cancels bonus payments for senior staff
    Article

    Lloyds Bank awards staff with £1,000 one-off payment

    2022-06-16T10:30:03Z

    More than 64,000 employees at Lloyds Bank will receive a £1,000 one-off payment in order to help with the rising cost of living in the UK.The payment, which is due to be made in August, will be given to 99.5% of staff but not to senior management or executives. This ...

  • HCAHealthcare
    Article

    Cleaners at HCA protest over low pay and lack of sick pay

    2022-06-16T09:35:50Z

    Credit: JHVEPhoto / Shutterstock.comOutsourced cleaners working in private healthcare giant HCA hospitals will be taking part in a protest outside its headquarters today at 3pm over “poverty pay" and a lack of proper sick pay.The workers, who are members of the Independent Workers’ Union of Great Britain (IWGB), will be ...

  • Wilson-James
    Article

    Wilson James awards Gatwick Airport staff 15% pay rise

    2022-06-15T12:55:17Z

    Wilson James has awarded more than 300 workers employed at Gatwick Airport a 15% pay increase that has been backdated to 1 April.The deal, which the workers have voted to accept, is almost double a previous offer of 8.2%. A total of 6% of them, who got an additional 50p ...

  • Bolt
    Article

    Bolt staff strike over minimum wage and holiday pay

    2022-06-15T12:42:02Z

    Workers employed by minicab operator app Bolt are staging a 24-hour strike on 15 June over rights such as the right to minimum wage and holiday pay.The workers, who are members of the App Drivers and Couriers Union, began began at midnight and will continue until 11:59pm tonight.The drivers have ...

  • financial
    Article

    24% think their employer cares about their financial wellbeing

    2022-06-14T10:34:26Z

    Only 24% of employees think that their employer actually does care about their financial wellbeing and 62% thought they should care, according to new research.Findings from the Building Societies Association (BSA) have highlighted that one in 20 employees (5%) said they would not be able to cover their living expenses ...

  • Haier-One-Vision-Conference-2
    Article

    Haier UK becomes accredited living wage employer

    2022-06-08T10:03:58Z

    Home appliance brand Haier UK has become an accredited living wage employer, meaning all UK employees of the Haier Europe business will receive a minimum hourly wage of at least £9.90 across the UK, or £11.05 in London.Both rates are higher than the government minimum for those aged 23 and ...

  • wealth-at-work-logo-300120-wp
    Supplier article

    How to help first-time buyer employees to save for a deposit faster

    2022-06-07T15:49:12Z

    Author Name: Jonathan Watts-Lay, Director, WEALTH at work“With the current cost of living crisis putting pressure on household finances, it is now even more difficult than ever for first-time buyers to get on the property ladder. Therefore, it is extremely important for employers to offer their workforce as much support ...

  • BEIS records big rise in minimum wage avoidance
    Article

    EU agrees minimum wage legislation to ensure decent living standards for workers

    2022-06-07T10:18:14Z

    The European Union (EU) has agreed on legislation to ensure that minimum wages in all member countries are set high enough to guarantee decent living standards for workers.Parliament and Council negotiators decided to set adequate minimum wages as provided by national law and collective agreements, with the legislation applying to ...