All Financial wellbeing articles – Page 54
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AnalysisHow can benefits help first-time buyers as property prices surge?
Employers can work with providers to offer financial education in the form of specific content guides, downloads, webinars, helplines, tools and modellers, including budgeting, mortgage affordability, mortgage rate calculators, and stamp duty calculators.One option employers can offer to help first time buyers is the lifetime individual savings accounts (Lisa), through ...
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OpinionAlison Watson: What employers can do to support staff buying their first home?
Current environmental and economic issues are causing many to struggle with paying bills, and this is coming at a time when more and more young people are struggling to get a foot on the property ladder due to increasing property prices and below-inflation pay rises.The government has recently revealed plans ...
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OpinionRichard Kay: Benefits for first-time buyers can also benefit employers
Rising property prices are not only proving problematic for first-time buyers, they can also cause a headache for employers struggling to attract and retain talent. As it gets harder for professionals to afford to get a foot on the property ladder, they are looking to maximise their earnings to make ...
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ArticleThe top 10 most-read articles between 10 June – 16 June 2022
The top 10 most-read stories on employeebenefits.co.uk between 3 June and 9 June 2022 were: House of Commons signs Menopause Workplace PledgeMorrisons to pay staff at least £10.20 an hourBlenheim Palace launches staff benefits platformBritish Airways and North Yorkshire County Council shortlisted for Best voluntary benefitsWilson James awards Gatwick Airport ...
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ArticleLloyds Bank awards staff with £1,000 one-off payment
More than 64,000 employees at Lloyds Bank will receive a £1,000 one-off payment in order to help with the rising cost of living in the UK.The payment, which is due to be made in August, will be given to 99.5% of staff but not to senior management or executives. This ...
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ArticleCleaners at HCA protest over low pay and lack of sick pay
Credit: JHVEPhoto / Shutterstock.comOutsourced cleaners working in private healthcare giant HCA hospitals will be taking part in a protest outside its headquarters today at 3pm over “poverty pay" and a lack of proper sick pay.The workers, who are members of the Independent Workers’ Union of Great Britain (IWGB), will be ...
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ArticleWilson James awards Gatwick Airport staff 15% pay rise
Wilson James has awarded more than 300 workers employed at Gatwick Airport a 15% pay increase that has been backdated to 1 April.The deal, which the workers have voted to accept, is almost double a previous offer of 8.2%. A total of 6% of them, who got an additional 50p ...
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ArticleBolt staff strike over minimum wage and holiday pay
Workers employed by minicab operator app Bolt are staging a 24-hour strike on 15 June over rights such as the right to minimum wage and holiday pay.The workers, who are members of the App Drivers and Couriers Union, began began at midnight and will continue until 11:59pm tonight.The drivers have ...
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Article24% think their employer cares about their financial wellbeing
Only 24% of employees think that their employer actually does care about their financial wellbeing and 62% thought they should care, according to new research.Findings from the Building Societies Association (BSA) have highlighted that one in 20 employees (5%) said they would not be able to cover their living expenses ...
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ArticleHaier UK becomes accredited living wage employer
Home appliance brand Haier UK has become an accredited living wage employer, meaning all UK employees of the Haier Europe business will receive a minimum hourly wage of at least £9.90 across the UK, or £11.05 in London.Both rates are higher than the government minimum for those aged 23 and ...
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Supplier articleHow to help first-time buyer employees to save for a deposit faster
Author Name: Jonathan Watts-Lay, Director, WEALTH at work“With the current cost of living crisis putting pressure on household finances, it is now even more difficult than ever for first-time buyers to get on the property ladder. Therefore, it is extremely important for employers to offer their workforce as much support ...
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ArticleEU agrees minimum wage legislation to ensure decent living standards for workers
The European Union (EU) has agreed on legislation to ensure that minimum wages in all member countries are set high enough to guarantee decent living standards for workers.Parliament and Council negotiators decided to set adequate minimum wages as provided by national law and collective agreements, with the legislation applying to ...
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ArticleLiving Wage Foundation brings rate update forward as cost of living rises
The Living Wage Foundation, which calculates and publishes an annual real living wage, as well as providing accreditation to those employers that commit to pay it, has revealed it will pull its 2022-23 rate announcement forward to September.The living wage rate update is usually announced in November as part of ...
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Supplier articleHow financial stress impacts employee mental health and performance
A recent survey by Schroders Personal Wealth, conducted before soaring inflation started making headlines, found that over half of Britons are already stressed about their financial situation.Discussing money worries with employers is a conversation many employees are reluctant to have. Your workplace may have many people bottling up their financial ...
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ArticleFinTrU awards staff a £2,000 pay rise
Financial organisation FinTrU awarded the majority of its approximately 750 employees a pay increase to combat the current of the cost-of-living crisis.Effective from 1 July, employees will receive an additional £2,000 or €2,000 depending on their assigned location, or an additional 5% increase to their base salary, whichever is the ...
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OpinionLovewell's logic: How far should employers support staff with the rising cost of living?
The rising cost of living has dominated headlines over the past few months, with many households now facing increasingly bleak and difficult circumstances. According to the Office for National Statistics (ONS), 87% of UK adults reported a rise in their cost of living in April 2022. As a result, many ...
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ArticleDHL drivers delivering for JCB secure 9.5% pay rise
DHL delivery drivers working for construction equipment manufacturer JCB have called off a strike after accepting a 9.5% pay rise.The drivers, who deliver JCB parts between UK factories, had planned to take part in industrial action on Monday and Tuesday this week. However, after DHL offered a 9.5% pay increase, ...
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ArticleArriva drivers accept revised and backdated 3% pay offer
More than 1,000 London bus drivers employed by Arriva have accepted a revised and backdated pay offer of 3%, following three days of industrial action.An initial 48-hour strike was held in April over the dispute, as the workers based at garages in Brixton, Croydon, Norwood and Thornton Heath who operate ...
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ArticleBank of America ups minimum hourly wage to $22
Bank of America has announced that it is raising its US minimum hourly wage to $22 (£17) as of the end of June, seeing an annualised salary for full-time employees increase to more than $45,000 (£36,007.20).According to the bank, this builds on its history of being a national leader in ...
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AnalysisHow can employers engage staff in responsible pensions investment?
Need to know: While the idea of providing ethical and sustainable investment options has gathered popularity, the take up of these pension investments is still relatively low.Embedding environmental, social and governance (ESG) factors into default funds can be complicated, as it introduces additional risks and can distract from focusing on ...