All Financial wellbeing articles – Page 53
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Supplier articleIncrease in cost of living causes two fifths to reduce or stop regular saving
Over two fifths (42%) of UK adults say the increase in the cost of living has meant that they have reduced or stopped any regular savings.A survey of 2,000 UK adults was conducted by WEALTH at work, a leading financial wellbeing and retirement specialist and looked at people’s savings habits. ...
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Article64% of UK staff are stressed about their finances
Almost two-thirds (64%) of employees said their finances have made them feel stressed, anxious, or depressed, according to new research from Metlife UK.The research, conducted by Opinium on behalf of Metlife UK with 1,428 UK part-time and full-time workers, highlighted that as the rising cost-of-living crisis continues to impact people’s ...
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AnalysisHow employee share schemes can be used to attract and retain talent
Need to knowFinancial gain aligned to the success and growth of an organisation supports medium- and long-term motivation and retention.Employers should keep communications clear, but simple. Employees will need to understand the personal monetary value of a share scheme before making the decision to sign up.Share schemes should be part ...
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Case StudiesPetroplan launches enterprise management incentive to drive engagement
In April 2022, global talent acquisition specialist Petroplan Group launched an enterprise management incentive (EMI) scheme in the UK, with an equivalent share option scheme for its non-UK offices, giving its 80-strong workforce an opportunity to build an ownership stake in the business.The move is designed to help drive productivity, ...
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ArticleNatwest gives lowest earning staff £1,000 pay rise
Banking group Natwest has awarded more than 22,000 of its lowest paid employees in the UK and all global locations an average pay rise of £1,000 on a full-time equivalent (FTE) basis, effective from 1 September.In the UK there will be an additional 4% salary increase for employees earning under ...
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ArticlePost Office employees at 114 locations strike over pay row
Post Office employees working at 114 crown post offices, larger branches usually found on high streets, have begun a 24-hour strike over pay.The 3,500 members of staff, members of the Communication Workers Union (CWU), rejected a pay offer from management worth 3% and a £500 lump sum. The union stated ...
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Article79% want employer support during cost-of-living crisis
Eight in 10 (79%) of UK employees said their employer has an obligation to support them in managing the cost-of-living crisis, according to research by people analytics business Visier.The survey of 2,010 full-time staff at UK organisations employing more than 250 people revealed that 71% did not feel their employer ...
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ArticleCadbury staff secure up to 17.5% two-year pay deal
More than 1,000 Cadbury workers have achieved a two-year pay deal worth up to 17.5%, as well as a separate 25% boost in holiday pay.A total of 80% of the workers based at Cadbury’s sites in Bournville, Birmingham, Chirk, Wales and Marlebrook in Hereford, members of the union Unite, voted ...
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ArticleThe top 10 most-read articles between 1 July – 7 July 2022
The top 10 most-read stories on employeebenefits.co.uk between 1 July and 7 July were: Government changes fit note certification legislationHerbert Smith Freehills increases newly qualified lawyer pay by 14% Bosch Rexroth Glenrothes staff strike over pay rowKnight Frank introduces debit card as part of enhanced benefits package TikTok star makes ...
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ArticleEden Hotel Collection gives staff up to 14% pay rise
Boutique hotel group Eden Hotel Collection has given its 350 employees a pay rise of up to 14%, due to the rising cost-of-living crisis and recruitment challenges.This is the second pay increase that the group, which has hotels in Warwickshire, Gloucestershire, Worcestershire and Devon, has awarded its staff within the ...
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ArticleKnight Frank introduces debit card as part of enhanced benefits package
Credit: Lubo Ivanko / Shutterstock.comProperty consultancy Knight Frank has updated its benefits package, including offering its 2,220 UK employees a branded, money-saving debit card to make charitable donations and reduce foreign exchange fees abroad.Currensea is an open banking enabled debit card which links to existing bank accounts and allows users ...
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ArticleBosch Rexroth Glenrothes staff strike over pay row
A total of 245 employees working at global technology and engineering firm Bosch Rexroth Glenrothes in Scotland have commenced industrial action over a pay proposal that they claim could leave them £7,000 a year worse off.Bosch Rexroth, a subsidiary of Bosch, proposed a 6% pay deal, which is below the ...
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Article73% have never spoken to their employer about financial wellbeing
Almost three-quarters (73%) of employees have never spoken to their employer or line manager about their financial wellbeing, according to a report by workplace pension provider Aviva.The Working lives report 2022: The big squeeze found that a quarter were more likely to trust their own research to guide them on ...
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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 ...