All Financial wellbeing articles – Page 52
-
ArticleBT employees strike over pay dispute
More than 40,000 workers at telecommunications business BT have walked out today in the first of two planned strikes in a row over pay.Engineers and call centre staff, who are members of the Communication Workers Union (CWU), voted in favour of industrial action after BT previously offered a £1,500 per ...
-
ArticleCo-operative Bank gives staff £1,000 cost-of-living pay rise
Credit: philip openshaw / Shutterstock.comThe Co-operative Bank has awarded its staff a £1,000 pay rise, due to take place in September, to support them amid the cost-of-living crisis.According to the bank, around 95% of its 3,000-plus employees will be eligible for the pay rise, while the remaining 5% who are ...
-
Supplier articleAlmost a quarter of adults are now concerned about their financial health
In a new study, 23% of UK adults are now concerned about their financial health34% say not being able to pay basic living costs, such as rent, energy bills and food, is their biggest financial concernWorkplaces are a great source of support for employeesThe cost of living crisis shows no ...
-
Supplier articleHOW TO IMPLEMENT FINANCIAL WELLBEING INITIATIVES THAT DRIVE ENGAGEMENT
Money worries are one of the biggest drivers of stress in UK adults, and in the current economic climate this is truer than ever before. However, did you know that if your employees are struggling with their financial wellbeing it will also be affecting the organisation as ...
-
ArticleMoneysupermarket gives employees £2,000 for rising living costs
Price comparison website Moneysupermarket has revealed that it will award a one-off £2,000 payment to half its workforce in September, to help with the cost-of-living crisis.The business, headquartered in Wales, will give the bonus to employees that earn £55,000 and below, which equates to almost 50% of its around 700 ...
-
ArticleWarwickshire County Cricket Club accredited as living wage employer
Credit: Simply Photographic / Shutterstock.comWarwickshire County Cricket Club has been accredited as a real living wage employer as part of an ongoing commitment to supporting its staff and addressing the cost-of-living.More than 180 regular staff who work at Edgbaston for the club, or for partners G4S and Compass, will receive ...
-
ArticleTSB gives lowest earning staff £1,000 cost-of-living bonus
Banking group TSB has awarded 4,500 of its employees a £1,000 bonus to help with the cost-of-living crisis.The bonus will consist of two £500 payments, in October 2022 and February 2023. These will be paid to those in the bank’s three most junior grades, who earn on average up to ...
-
ArticleAviation Fuel Services staff at Heathrow secure 12.5% pay increase
A total of 48 employees of Aviation Fuel Services (AFS) have received a 12.5% pay rise, an increase in weekend overtime rates, and a £2,500 bonus.The staff are responsible for refueling half of the non-British Airways traffic at Heathrow airport, including Virgin Atlantic, United, Singapore, KLM, American, Emirates, Air France ...
-
ArticleAldi increases hourly pay for second time in 2022
Aldi has given its approximately 26,000 hourly paid store employees a second pay increase this year in order to remain competitive in the face of rising living costs.As of September, all UK-based store assistants at the German-owned grocery chain will receive an increase of 40 pence an hour on their ...
-
ArticleFive Guys franchisee launches on-demand pay
Image credit: Ken Wolter / Shutterstock.comFive Guys franchisee Life's Food has introduced on-demand pay for its more than 200 employees, based across 23 locations in North Carolina, South Carolina and Tennessee.Through a partnership with on-demand salary provider DailyPay, Five Guys staff in Life's Food-run locations have been given the option ...
-
ArticleThe top 10 most-read articles between 15 July – 21 July 2022
The top 10 most-read stories on employeebenefits.co.uk between 15 July and 21 July were: Supreme Court rules teacher entitled to more holiday pay in landmark caseJohn Lewis Partnership becomes Menopause Friendly EmployerCourt of Appeal overturns injunction preventing Tesco from removing enhanced pay English NHS staff receive minimum £1,400 pay rise ...
-
ArticleEnglish NHS staff receive minimum £1,400 pay rise
The government has announced that more than a million NHS employees in England will get a pay rise of at least £1,400, with lowest earners getting an increase of up to 9.3%.Backdated to April 2022, porters and cleaners will see a 9.3% increase, eligible dentists and doctors will receive a ...
-
ArticleVirgin Money gives staff £1,000 cost-of-living payment
Financial services business Virgin Money has awarded staff a one-off cost-of-living payment of £1,000, which they will receive on top of their salary on Friday 19 August.A total of 78% of its permanent and fixed-term staff are eligible for the payment as they are paid £50,000 or less. Virgin Money ...
-
ArticleLondon School of Hygiene and Tropical Medicine staff strike in pay row
Cleaners, porters, and post room and security staff working for the London School of Hygiene and Tropical Medicine (LSHTM) have begun strike action over an ongoing pay dispute.The employees, who are members of the Independent Workers’ Union of Great Britain (IWGB) and will strike until Wednesday 20 July, voted unanimously ...
-
ArticleSTR Group gives staff £500 bonus and summer trading hours
International recruitment business STR Group has awarded its 140-plus employees with a £500 cost-of-living bonus, and has introduced summer trading hours.As of this month, the Cosham-based firm will allow its staff to finish at 2pm every Friday, with some of the team who work US hours able to move to ...
-
Article83% of employers to boost financial wellbeing support
Four-in-five (83%) UK employers have planned to focus on employee financial wellbeing through enhanced communication, education and decision-making support over the next two years, according to Willis Towers Watson’s 2022 Defined contribution and savings survey.The number of organisations with a formal financial wellbeing strategy, connected programmes, a consistent brand and ...
-
ArticleThe top 10 most-read articles between 8 July – 14 July 2022
The top 10 most-read stories on employeebenefits.co.uk between 8 July and 14 July were: Cadbury staff secure up to 17.5% two-year pay dealNatwest gives lowest earning staff £1,000 pay riseJet2holidays implements 8% pay rise and £1,000 bonusPeloton offers staff one-off cash bonus and stock options79% want employer support during cost-of-living ...
-
ArticleFerring Pharmaceuticals launches global family benefits package
Biopharmaceutical group Ferring Pharmaceuticals has introduced a global family building benefits package for its employees as part of a commitment to help them build families of all shapes and sizes.According to the group, which employs 6,000 people worldwide, the holistic three-tier support model provides a 26-week global minimum standard of ...
-
Supplier articleTop 10 ways to help employees through the cost of living crisis
The cost of living crisis is affecting many people and 36% of UK adults say they are already cutting back on what they spend.* Pay rises are one option to help people cope, but this is not always possible, and even if it is, companies are unlikely to be able ...
-
ArticleRoyal Docks starts campaign to become London's first living wage place
Credit: dominika zara / Shutterstock.comThe Royal Docks in Newham, London, has launched a campaign to become a living wage place, with the aim of increasing the number of accredited employers by 50% over the next three years.The campaign has been launched at the same time as ExCeL London received living ...