All Financial wellbeing articles – Page 52
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Article80% say financial wellbeing-related stress impacts workplace performance
Four-fifths (80%) of employees believe stress related to financial wellbeing can impact performance in the workplace, according to research by YuLife in conjunction with YouGov.The Employee health and wellbeing survey 5.0: Financial wellbeing and the impact on performance in the workplace, which surveyed 2,035 UK adults, also found that 80% ...
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ArticleSeven out of 10 employers actively promoting pensions to younger employees
Employee Benefits poll: More than seven out of 10 employers are already actively promoting their pensions to younger employees, and many more intend to do so in the future.More than 71% of respondents to an online survey said they were actively engaging younger employees in pensions through targeted communications. A ...
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AnalysisHow financial education can help employees make their money go further
Employers may want to consider giving employees practical help that includes debt management, budgeting and top tips for saving on everyday spending.Educating employees with basic skills like budgeting and saving for a deposit for a first home can also provide help in other areas of life.Other benefits like discounted shopping ...
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Case StudiesHalfords supports staff financial wellbeing with savings and budgeting app
Halfords is a provider of motoring and cycling services and products, with more than 10,000 member of staff working in 404 stores, three performance cycling stores and 604 garages across the UK.Every Halfords employee has access to a financial planning app, which was introduced last September in partnership with fintech ...
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OpinionClaire Jose: It is vital that employers support staff financial wellbeing
We all know that happiness comes from within, and it is no different with money happiness. As the cost of living continues to rise, it is more important than ever that businesses turn their attention to their staff to not only provide support for their physical and mental wellbeing, but ...
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ArticleLondon Early Years Foundation awards pay rise and bonus
Credit: Isabelle Johnson/London Early Years FoundationLondon Early Years Foundation (LEYF) has awarded its more than 800 employees a pay rise and a bonus in recognition of their efforts and to help attract new talent.From 1 April, all staff across its 39 nurseries and central office staff, including bank staff and ...
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OpinionLovewell's logic: How is the rising cost of living impacting employees?
Following last week’s damp squib of a Spring Statement, headlines this week have been dominated by how much the cost of living is due to rise yet again from today (1 April). With the price of gas, electricity and council tax all set to rise, along with an increase in ...
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Article19% of staff feel employer does not do enough for financial wellbeing
Nearly one in five employees (19%) feel their employer is not doing enough to support their financial wellbeing, according to research by the Chartered Institute of Personnel and Development (CIPD).Its research, which polled more than 2,500 employees, also found that 12% said their pay is not enough to support an ...
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ArticleWiltshire Police reports 9% mean gender pay gap
Wiltshire Police has seen mean its gender pay gap widen by almost half a percent according to its Gender pay gap report 2021.The police force, which currently employs 1,212 women and 1,151 men, reported an overall mean gender pay gap of 8.99% as of 31 March 2021, which has narrowed ...
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ArticleRevolution Bars Group gives 3,000 staff a pay rise
Revolution Bars Group has awarded its approximately 3,000 employees a pay rise that exceeds the national minimum wage as part of its ‘fair day’s pay for hard day’s work’ pledge.The group, which is an operator of bars including Revolution, Revolución de Cuba, Playhouse, and Founders and Co, has invested £2 ...
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Supplier articleExpert Advice to Help Your Employee’s Financial Wellbeing
Our founder Matt Norbury joined forces with experts to discuss how companies can look after their employees’ financial wellbeing on a budget. With help from London HR Connection, our panel included:Wendy Dignan: renowned psychologist and mental health expertChris Houry: a chartered accountant and leading finance directorLindsay Bruce: recruitment manager at ...
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ArticleLondon Underground drivers to get 8% pay rise
London Underground workers are set to receive an 8.4% pay rise from next month (April) as part of a deal agreed by the Mayor of London Sadiq Khan.A four-year agreement was made back in early 2020, which was backdated to include 2019/20, and so which covers the period between 2019/20 ...
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Supplier articleTHE IMPORTANCE OF PAY IN A FINANCIAL WELLBEING STRATEGY
On first reading, you might think the question of the importance of pay as a part of a financial wellbeing strategy is a silly one. After all, what can be more important to financial wellbeing at work than someone’s salary? Undoubtedly, monthly income and financial wellbeing are ...
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ArticleSpring Statement 2022: National Insurance threshold rises
Spring Statement 2022: Chancellor of the Exchequer Rishi Sunak has today (23 March) confirmed that the National Insurance primary threshold and lower profits limit for employees and the self-employed will increase from July.Sunak stated that the rise from £9,880 to £12,570 will benefit almost 30 million people, seeing a typical ...
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ArticleBelfast food delivery staff strike over pay demands
Food delivery workers based in Belfast will be staging a six-hour strike today (Wednesday) as part of their demands for a minimum income guarantee of at least £10 per hour plus operating costs.Work will be stopped between the hours of 11am and 5pm, with a public protest to be held ...
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Article29% of employers say rise in NI contributions will impact staff pay
More than a quarter of employers (29%) feel that next month’s increase in National Insurance (NI) contributions will have a direct impact on employees’ pay, according to research from Scottish Widows.Conducted by Opinium on behalf of the insurer with a sample size of 500 UK firms, the survey findings revealed ...
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Article58% of single female staff ineligible for automatic pension enrolment
More than half of single working mothers (58%) are ineligible for automatic enrolment into a workplace pension, according to new survey findings, which is an increase from 45% in 2020.The research, conducted by pension provider Now: Pensions and The Pensions Policy Institute to coincide with National Single Parent Day (21 ...
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ArticleMarks and Spencer expands financial benefits package
Retailer Marks and Spencer has expanded its existing financial benefits package to help its 65,000 employees become more financially resilient.Its new arrangement, provided by workplace savings firm Cushon, will give all employees access to a range of savings vehicles including an individual savings account (Isa), a lifetime Isa (Lisa), a ...
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AnalysisTop tips for supporting staff around early retirement
Four factors now typically determine when someone chooses to retire: their ability to fund their lifestyle without work; their appetite for a life without work; their inability to secure employment, and their health, with the latter two sometimes forcing their retirement.If employees choose to take a tax-free lump sum as ...
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ArticleVerifile becomes living wage employer
Background screening services provider Verifile has been accredited as a living wage employer through its commitment to paying its staff the real living wage.This accreditation follows the business giving its 156 UK staff a new minimum hourly wage of £10.00 back in January. This wage is higher than the government-set ...