All Financial wellbeing articles – Page 51
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Supplier articleWHAT SHOULD A FINANCIAL WELLBEING OFFERING LOOK LIKE?
The current cost of living crisis will be affecting all of your employees right now. Soaring inflation is impacting the cost of everything, from petrol at the pumps to the weekly shop, and the effects on wellbeing could be devastating. As an employer you’re uniquely placed to ...
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ArticleAldi gives distribution centre staff up to 9% pay rise
Supermarket chain Aldi has increased the hourly rate of pay for thousands of its UK regional distribution centre employees by up to 9%.As of September, all hourly paid colleagues within its warehouses receive pay rises of up to 9% on their previous January 2022 hourly rates.Warehouse selectors, which make up ...
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ArticleCoastline Housing pilots living pension to combat poverty in retirement
Cornish charitable housing association Coastline Housing has launched a pilot living pension scheme, initiated by the Living Wage Foundation, in order to combat poverty in retirement for its 350 employees.The association, which owns and manages 5,000 homes across Cornwall, is one of six employers that have committed to testing a ...
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ArticleEast Belfast launches campaign to become living wage place
Regeneration charity the EastSide Partnership has launched a campaign to encourage employers in East Belfast to commit to paying the real living wage, to help the area to become an accredited living wage place.EastSide Partnership has launched the campaign as part of its Scaffolding Project, which aims to raise awareness ...
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ArticleLufthansa increases ground staff pay by up to 18.4%
Image credit: Nate Hovee / Shutterstock.comGerman air travel business Lufthansa has increased pay for around 20,000 ground service employees, working across various tranches of the business, by up to 18.4% depending on position and length of service.The pay award was agreed following collective bargaining proceedings with trade union Ver.di and ...
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ArticleNHS Grampian gains living wage accreditation
NHS Grampian in Aberdeen has gained accreditation as a Living Wage employer, following assessment by Living Wage Scotland and the Poverty Alliance, having committed to pay its 16,500 employees a salary that meets inflation and combats rising living costs.In April 2022, the government's living wage was set at £9.50 for ...
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ArticleAmazon adds academic coaching to benefits package
Technology and e-commerce business Amazon has enhanced its Career Choice programme with academic coaching for US-based staff.The programme was originally launched in 2012 to offer prepaid higher education to more than 750,000 hourly members of staff. Through its new partnerships with educational organisations Beyond 12 and Kaplan, Amazon has added ...
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Case Studies71a uses pay rises to motivate and reward employees
71a, a digital marketing agency that works with consumer finance brands, has not only given its eight full-time employees a pay rise this year to combat the increase of national insurance rates, but also upped wages by £1,500 in January in an attempt to help with increasing inflation.According to the ...
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AnalysisAre pay rises the best staff retention tool?
Credit: GoldenShark2 / Shutterstock.comAn employer’s compensation policy needs to be fair, equitable and as transparent as possible.Regular pay increases can be useful because if these are timely and properly aligned with career opportunity and growth, they can help employees feel engaged and motivated.Employees look to prospective employers for clarity and ...
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ArticleTesco agrees to cost-of-living pay rise for distribution centre employees
Around 2,400 Tesco distribution centre employees have gained a 9.5% pay rise in order to help manage the rising cost of living.The pay rise has been applied to all employees in distribution centres managed by Pertemps, including those in Lichfield, Livingstone and Daventry. Pertemps noted that it hopes the pay ...
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ArticleThe top 10 most-read articles between 29 July – 4 August 2022
The top 10 most-read stories on employeebenefits.co.uk between 29 July and 4 August were: HSBC awards lowest-paid staff £1,500 cost-of-living bonusRicoh UK introduces financial wellbeing app for employeesCo-operative Bank gives staff £1,000 cost-of-living pay riseUniversity of the Arts London enhances parental leaveOnly 22% of employers target benefits to specific demographics46% ...
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ArticleShell awards 8% bonus following record profits
Energy organisation Shell has given its workers a one-off 8% bonus in order to reflect its financial success and record profits from high oil and gas prices.Most of the 82,000 members of staff the business employs worldwide will receive the payment, but top executives will not be included.Shell reported second ...
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ArticleTaylor Wimpey gives staff £1,000 for rising fuel costs
Credit: Davelees / Shutterstock.comHousebuilder Taylor Wimpey has pledged to give the majority of its employees an extra £1,000 on top of their salaries to help them cope with rising fuel costs over winter.The payments, which will be paid in monthly instalments starting from September and ending next February, will be ...
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ArticleEXCLUSIVE: Atalian Servest rolls out financial wellbeing support and flexible pay
Facilities management provider Atalian Servest has rolled out a monetary wellbeing service to its 28,000 strong workforce based in locations across the UK and in sectors including construction, healthcare, education, professional services and retail, among others.In partnership with financial wellbeing app Wagestream, staff can track their shifts and pay on ...
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Case StudiesUniversity of Lincoln pension communications tap into student mindset
The University of Lincoln has more than 2,000 employees, a large proportion of which are students, presenting unique challenges when it comes to addressing current financial wellbeing as well as pension savings.Many of these student employees sit below the minimum threshold for auto-enrolment, while even those who are eligible have ...
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AnalysisPensions communications to cut through the noise
Need to know:Employers need tailored, practical messaging to reach employees struggling with pressing financial concerns.A multi-avenue approach will help catch a wider range of employees' attention, but video content and digital strategies are good starting points.In order to cut through the noise, people need to see their pensions as real, ...
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ArticleRicoh UK introduces financial wellbeing app for employees
Digital services and printing solutions firm Ricoh UK has partnered with financial wellbeing advice platform Wealth Wizards in order to help its around 1,800 employees improve their finances.Staff have been given access to the platform’s financial wellbeing application MyEva, which provides a financial health check and a personalised dashboard. Financial ...
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Supplier articleTHE LINK BETWEEN FINANCIAL WELLBEING AND MENTAL HEALTH
Workplace mental health issues have been on the rise for over a decade, and understandably spiked significantly during the Covid-19 pandemic. There are many possible reasons behind poor mental health at work, including non-work-related issues, but worrying about money is one of the biggest drivers of stress ...
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ArticleHSBC awards lowest-paid staff £1,500 cost-of-living bonus
Banking group HSBC has given around 18,000 of its lowest paid employees a £1,500 payment to help with rising living costs.The payment, which was secured by trade union Unite on behalf of the bank’s staff, will be made in the August pay round.Dominic Hook, national officer at Unite, said: “Unite ...
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Article46% of key workers say discount schemes boost loyalty
Of the 2.7 million key workers using Network’s discount schemes, 46% said they feel more loyal to their role and 37% were more likely to recommend their workplace to others as a result.The provider commissioned research to understand the effect of the pressures facing carers in the current climate, and ...