All Financial wellbeing articles – Page 53
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ArticleAverage earnings growth for regular pay rises by 4%
The average earnings growth for regular pay that does not include bonuses was 4% from November 2021 to January 2022, behind the current inflation level of 6% according to the Office for National Statistics (ONS).Meanwhile, the increase in average total pay including bonuses was 5%, which is a 0.1% real ...
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ArticleCurrys gives staff 5% pay rise
Omnichannel technology retailer Currys has awarded its 10,000 UK hourly-paid employees a 5% increase to the minimum pay rate as of 1 August this year.The rise, which is the employers’ second in the last 12 months, will see the pay rate soar to £10 per hour, or £11.05 per hour ...
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ArticleBolton Health and Care Partnership to pay staff real living wage
Bolton Health and Care Partnership, which is comprised of Bolton Council and key NHS organisations, has announced that it will allow its providers to pay their frontline staff the real living wage from next month (April).This is due to the council allocating £5.4 million from its budget, alongside a two-year ...
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ArticleFinal Boohoo Group pay and conditions report shows progress
Image credit: AL Robinson / Shutterstock.comThe final report into fast-fashion retailer Boohoo Group has indicated that the group has made progress in addressing the criticism it received over its workers’ pay and conditions.Two years ago, former High Court judge Sir Brian Leveson was appointed to oversee the firm's reforms after ...
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ArticleJohn Lewis Partnership to pay 3% bonus and increase staff pay
The John Lewis Partnership is to pay employees a 3% bonus, as well as committing to pay the voluntary living wage and implementing a wider pay riseThe employee-owned business, which is comprised of the department store chain and Waitrose supermarkets and employs around 80,000 workers, axed its bonus payment last ...
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ArticleGovernment launches pilot to boost pay transparency
The UK government is piloting an initiative whereby participating employers will be asked to include salaries in job adverts in an attempt to reduce the gender pay gap.The pilot is aimed at improving pay transparency and enable women to negotiate pay on a fairer basis.Organisations which take part will be ...
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ArticleGender pensions gap increases for older staff
New research has found the gender pension gap between men and women’s contributions is 35% for employees aged between 50 and 54, almost double the gap for 35 to 39 year-olds (18%).Pension and insurance provider Aviva’s findings were based on employer and employee contributions of more than two million savers ...
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ArticleWiltshire Hills Municipal Collections staff strike over pay
Workers employed by waste services organisation Hills Municipal Collections in Wiltshire have begun a two week-long strike as part of a campaign to achieve a pay rise.The organisation initially offered staff a 2% increase which was then amended to 7% over two years. However, affected employees believe that in practice ...
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ArticleDowty Propellers staff strike over pay row
More than 90 workers employed by Dowty Propellers, a subsidiary of GE Aviation Systems, began strike action last Friday (4 March) in a dispute over pay, with further strikes scheduled for every Friday until 20 May.The organisation manufactures propeller systems and products used in both civilian and military aircraft as ...
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ArticleBright Horizons UK invests in staff pay and benefits
Back-up care and nursery provider Bright Horizons UK has announced that it will invest more than £10 million in its early years practitioners’ salaries and benefits next month in order to recognise differences in the cost of living across the UK.The organisation, which employs more than 7,500 members of staff, ...
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Article82% of young staff want to save for pensions before turning 22
New research has revealed that 82% of young employees aged between 18 and 22 believe that individuals in employment should start saving for their pensions and retirement before the current default age of 22.The Pensions Management Institute’s (PMI) findings also highlighted that more than six in 10 (61%) think that ...
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Article46% of UK employers prioritise positive DC pension scheme outcomes
Nearly half (46%) of UK employers with defined contribution (DC) pension schemes say that delivering positive outcomes for members in this scheme is now their top priority, according to research by global professional services firm Aon.Its Better outcomes by design 2022 DC pension scheme and financial wellbeing survey, which surveyed ...
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Supplier article7 STEPS TO BUILD A CULTURE OF WELLBEING AT WORK
Employee wellbeing has become a bit of a buzzword in the last few years or so, but do you know what it means and how to create a culture that puts wellbeing at its heart? Wellbeing at work is all about how our work life, whether that’s ...
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ArticleNorthern Healthcare staff receive 11% pay rise
Enhanced supported living provider Northern Healthcare has given its more than 250 workers employees a pay rise that surpasses the real living wage as of 1 March (today).The increase will see full-time mental health support workers earn an additional £2,000 each year, which is an 11% increase on average, while ...
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ArticleTFL staff strike over pensions and conditions
Some 10,000 Tube workers are taking part in two 24-hour strikes this week over pensions and working conditions.The Rail, Maritime and Transport (RMT) trade union said all its members working on the London Underground had been instructed to refuse to sign on for duty today (Tuesday 1 March) and on ...
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ArticleAgricultural staff in Northern Ireland to receive pay rises
The Agricultural Wages Board for Northern Ireland has announced proposed minimum wage rates increases of 5% for agricultural workers from 1 April.The proposed new minimum rate, which is applicable for the first 40 weeks of cumulative employment, is £6.95 per hour.For grade two standard agricultural staff, the rate is set ...
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ArticleAverage woman works for free for two months of the year
The average woman effectively works for free for nearly two months of the year compared to the average man, resulting in a 15% gender pay gap on average, according to new analysis published by the Trades Union Congress (TUC).The research revealed that in education there is a 25% gender pay ...
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ArticleTrustFord to pay real living wage
Car dealership TrustFord will pay its staff the real living wage from 1 April.The firm, which has its headquarters in Colchester and employs more than 3,000 people across the UK, committed to paying the voluntary rate to all non-apprentices.Managed by the Living Wage Foundation, the real living wage is currently ...
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ArticleMore Stagecoach West drivers vote to strike over pay
More than 80 bus drivers employed by Stagecoach West in Swindon have voted for strike action in a dispute over pay.In a ballot, 98% of members of the Unite union at the depot came out in favour of industrial action.The drivers are asking for a pay rise to help with ...
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OpinionElena Visser: The argument for giving employees growth shares
The benefits of giving employees a stake in the business by way of equity participation are well rehearsed.Often the decision comes down to a choice between allocating shares upfront, effectively making the employee a day-one shareholder, versus granting them a tax-efficient enterprise management incentive (or EMI) share option.Making employees a ...