All Financial wellbeing articles – Page 5
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ArticleJob Centre security guards across England strike over pay
Credit: Richard Oldroyd / Shutterstock.comMore than 1,500 Job Centre security guards based in locations across England are taking part in a week-long strike in a pay dispute.The workers are employed by G4S, on behalf of the Department for Work and Pensions (DWP), and are members of union GMB. The strike ...
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ArticleJiffy Packaging staff in Cheshire strike over pay dispute
More than 50 workers employed at the Jiffy Packaging plant in Winsford, Cheshire have been on strike after receiving a pay offer from their employer that they deemed too low.The employees, who are members of trade union Unite, first went on strike for two weeks in July following a breakdown ...
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Case StudiesCo-op builds its financial wellbeing strategy on employee feedback
Co-op believes a strong financial wellbeing strategy is about more than products and services, and that employees should be supported to make great decisions.The retailer, which operates almost 2,400 food stores, more than 800 funeral homes and provides products to more than 6,000 other stores, including Nisa Retail, employs 56,000 ...
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AnalysisDo financial wellbeing strategies support employees where they really need it?
It is important to understand employees’ needs before putting any financial wellbeing strategies in place. Any employee, regardless of their salary, may be in need of financial wellbeing support, so a sensitive approach to gleaning this is desirable. Encouraging conversations about financial needs and experiences can ...
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ArticlePay growth expectations at lowest level since 2022
Pay growth expectations were found to be at their lowest level since 2022, according to new research by the Chartered Institute of Personnel and Development (CIPD).For its latest Labour market outlook report, the professional body for HR and people development surveyed 2,032 UK employers about their pay, hiring and redundancy ...
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Article60% believe their employer is not interested in supporting financial goals
Two-fifths (43%) of employers are confident that they know how to support employees to achieve their financial goals, however, 60% of employees believe their employer is not interested in supporting them, according to research by Nudge Global. Its annual Financial wellbeing report, which surveyed more than 11,500 ...
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ArticleThe top 10 most read articles between 2 - 8 August 2024
The top 10 most read articles between 2 - 8 August 2024 on employeebenefits.co.uk were: Microsoft awards staff one-off performance-based cash awardOsbornes Law launches fertility testing as a staff healthcare benefitSaudi Arabia enhances retirement age, pension contributions and maternity leaveSodexo UK and Ireland receives menopause-friendly accreditationHong Kong and Israel award ...
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Article37% of UK workers want one-off payment to help with cost of living
More than one-third (37%) of UK workers would opt for a one-off payment to help with the cost of living, higher than the global average of 27%, according to research by Always Designing for People (ADR).As part of its latest study People at work 2024: a global workforce view, it ...
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ArticleFCA, DWP and regulator consult on DC pensions joint framework
The Financial Conduct Authority (FCA), the Department for Work and Pensions (DWP) and the Pensions Regulator (TPR) have launched a consultation on a joint framework for workplace defined contribution (DC) schemes.The proposed framework has been designed to move the focus from costs to long-term value and deliver better retirement savings. ...
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ArticleHealth Food Manufacturers’ Association becomes living wage employer
The Health Food Manufacturers’ Association (HFMA), which represents manufacturers and suppliers of natural health products, has become accredited as a living wage employer.As part of the commitment, every HFMA employee will receive a minimum hourly wage of £13.15 per hour, which is the real living wage rate for those based ...
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ArticleWilson James and ICTS staff at Gatwick Airport accept pay deals
Credit: Pabkov / Shutterstock.comAround 400 Wilson James passenger assistance and 170 ICTS baggage screening workers based at Gatwick Airport have voted for improved pay offers.The Wilson James employees voted in favour of a pay offer worth 10.5%, while the ICTS staff accepted an 11% deal.According to Unite, which represents both ...
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ArticleSiemens Gamesa Renewable Energy staff in Hull accept 8.4% pay deal
Credit: NestorMN / Shutterstock.comAround 300 Siemens Gamesa Renewable Energy wind turbine workers in Hull have accepted a pay deal worth 8.4%, ending an ongoing dispute.The employees, who construct 108-metre-long wind turbine blades by hand, are members of trade union Unite. A total of 93% voted to accept the two-year pay ...
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ArticleOne in three employers do not offer financial advice as a benefit
One in three (34%) UK organisations admitted they do not offer financial advice, increasing to 51% of employers with fewer than 500 employees, according to new research by Close Brothers’ Workplace Financial Wellbeing Service. The research was carried out among 503 employers with 200 or more UK ...
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Article65% of pension scheme sponsors do not know how much members can expect at retirement
Two-thirds (65%) of those running pension schemes do not know how much a typical member can expect at retirement, according to Aon’s latest research.The global professional services firm drew insights from 214 UK defined contribution (DC) schemes, with combined assets of over £60 billion and more than one million members, ...
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ArticleSCA UK Pension Plan completes £1.1 billion pensions buy-in
The SCA UK Pension Plan, which is sponsored by global hygiene and health firm Essity Group, has completed a £1.1 billion pensions buy-in.Headquartered in Sweden, Essity employs 1,600 UK employees across six manufacturing sites and three commercial offices. Its portfolio includes Tena, Cushelle, Tork, Plenty, Velvet and Bodyform.The transaction, which ...
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Supplier articleAnswering the question… How do you boost engagement with employee benefits?
Pluxee UK walks you through their 21-Day Money Marathon, an internal financial wellbeing challenge they created to boost engagement with employee benefits, enhance awareness, champion camaraderie, and give their colleagues space to share ideas and have fun! Read the full story here: How do you boost engagement ...
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ArticleMedian pay award for three months to June rose to 4.6%
The median pay award across the economy rose slightly from 4.5% to 4.6% for the three months to June 2024, according to Incomes Data Research (IDR).Its latest analysis, based on a sample of 227 pay awards between 1 April and 30 June covering more than 1.9 million employees, also found ...
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ArticleThe top 10 most read articles between 26 July - 1 August 2024
The top 10 most read articles between 26 July - 1 August 2024 on employeebenefits.co.uk were: National living wage to increase in line with median earningsCentral Co-op introduces new financial wellbeing benefitJunior doctors agree 22% pay dealCourt of Appeal upholds High Court ruling on Virgin Media pension schemeReeves confirms public ...
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OpinionPatrick Glencross: Reforms to employee holiday rights
Calculating annual leave and holiday pay for employees can be challenging, particularly for those who work irregular hours. The government has this year introduced significant changes to simplify the rules on holiday rights as part of its reforms to a range of employment rights that have developed from years of ...
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ArticleCentral Co-op introduces new financial wellbeing benefit
Central Co-op has launched a new financial wellbeing benefit that allows its 7,500 employees to access their earnings between paydays and offers financial guidance.The retail co-operative society has partnered with MHR to launch iTrent Financial Wellbeing benefit, powered by Wagestream, as part of its wider ‘We’ve Got You’ wellbeing campaign.The ...