All Financial wellbeing articles – Page 49
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ArticleTikTok star makes £28,000 a month letting people wake him up
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 ...
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ArticleUK employers expect pay rise budgets of 4%
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 ...
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ArticleChris Ronald: Employees need support through the cost-of-living crisis
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 ...
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ArticlePWC implements pay rises of 7% and higher in £120m investment
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 ...
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ArticleThe top 10 most-read articles between 17 June – 23 June 2022
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 ...
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ArticleMedian basic pay increase sits at 4%
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 ...
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ArticleRolls Royce awards staff £2,000 to help with cost of living
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 ...
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AnalysisHow can benefits help first-time buyers as property prices surge?
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 ...
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OpinionAlison Watson: What employers can do to support staff buying their first home?
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 ...
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OpinionRichard Kay: Benefits for first-time buyers can also benefit employers
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 ...
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ArticleThe top 10 most-read articles between 10 June – 16 June 2022
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 ...
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ArticleLloyds Bank awards staff with £1,000 one-off payment
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 ...
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ArticleCleaners at HCA protest over low pay and lack of sick pay
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 ...
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ArticleWilson James awards Gatwick Airport staff 15% pay rise
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 ...
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ArticleBolt staff strike over minimum wage and holiday pay
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 ...
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Article24% think their employer cares about their financial wellbeing
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 ...
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ArticleHaier UK becomes accredited living wage employer
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 ...
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Supplier articleHow to help first-time buyer employees to save for a deposit faster
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 ...
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ArticleEU agrees minimum wage legislation to ensure decent living standards for workers
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 ...
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ArticleLiving Wage Foundation brings rate update forward as cost of living rises
The Living Wage Foundation, which calculates and publishes an annual real living wage, as well as providing accreditation to those employers that commit to pay it, has revealed it will pull its 2022-23 rate announcement forward to September.The living wage rate update is usually announced in November as part of ...