All Financial wellbeing articles – Page 55
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ArticleAction urged to rebalance pension wealth
Shareholder returns that feed into UK workers’ pensions “disproportionately benefit a wealthy minority”, according to a report put together by the TUC, think tank Common Wealth and the High Pay Centre.The study found that almost one in three UK shares was held by a UK pension fund in 1990 yet ...
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ArticleCoventry bin drivers add more strike dates
Bin lorry drivers employed by Coventry City Council have announced more strike dates as their campaign for improved wages continues.A total of 19 further days of industrial action have been set across January, February and March, with around 70 drivers expected to be involved.The West Midlands drivers held a 48-hour ...
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ArticleSainsbury’s increases shop staff pay to £10 an hour
Sainsbury’s has announced that all its store workers will shortly earn at least £10 an hour.The retail giant will increase the basic rate of pay across its supermarkets and Argos outlets from £9.50 an hour from 6 March, with the first pay day to reflect the change being 8 April.Also ...
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ArticleThe top 10 most-read articles between 30 December 2021 – 6 January 2022
The top 10 most-read stories on employeebenefits.co.uk between 30 December 2021 – 6 January 2022 were: How will the 'Great Resignation' change employees' attitudes to employee benefits?Eastbourne bin lorry staff strike escalatesKerry Hudson: Is a change ahead in flexible working laws?Plymouth City Council HGV drivers get new pay dealMinisters draw ...
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ArticleEmployee Benefits Awards 2022 deadline fast approaching
Time is running out to enter the Employee Benefits Awards 2022, in association with Aon, with the extended entry deadline of Friday 14 January 2022 drawing near.Now in its 20th year, the Employee Benefits Awards is considered the event of the year for the reward, benefits and HR community, as ...
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ArticleSamantha Johnson: Will the national minimum wage increase support staff financial wellbeing?
Employee wellbeing has played a significant role in attraction and retention strategies for a number of years, focusing predominately on mental health and a work-life balance. Financial wellbeing is a welcome addition to this agenda.Multiple researchers have demonstrated that financial stress is one of the most significant causes for absence ...
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ArticleClaire Williams: Will the national minimum wage increase support staff financial wellbeing?
Prime Minister Boris Johnson this year said his goal was "a high wage, high skill, high productivity economy that the people of this country need and deserve”, and next year's increases in the national living wage and national minimum wage are a key part of that.However, the pay rises, which ...
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ArticleKay Maddox-Daines: Will the national minimum wage increase support staff financial wellbeing?
With inflation across a wide range of household essentials including fuel, energy and food, UK homeowners are understandably anxious about the impact on their finances heading into the new year.The rise in the national living wage is a step in the right direction, but there is still a substantial gap ...
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ArticleAlex Watson: Will the national minimum wage increase support staff financial wellbeing?
For low-paid workers, the repercussions of the Covid-19 (Coronavirus) pandemic have exacerbated income insecurity, and issues of in-work poverty are on the increase.Young people are more likely to have been employed in sectors that were impacted hardest during the pandemic and more likely to have been furloughed, so assuming they ...
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Article32% of staff to increase emergency funds in 2022
One in three UK employees is prioritising building up emergency savings in 2022, according to new data, as financial uncertainty from the Covid-19 (Coronavirus) pandemic has promoted the need for a financial cushion.Pensions and investments services company Aegon’s latest research, which was conducted among 2,000 UK working adults in December, ...
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Article25% of staff plan early retirement at age of 60
A quarter of people planning to retire early have a target to leave work on their 60th birthday, research has revealed.The survey of 2,000 people by insurance provider Aviva also found that 17% of those who had already chosen to exit the workforce ahead of receiving their state pension had ...
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ArticleAldi gives staff pay rise from February 2022
Aldi has announced that it will increase the hourly pay rates for its 28,000 members of staff from 1 February 2022 in a bid to maintain its position as one of the UK’s highest-paying supermarkets.All UK-based store assistants at the German-owned grocery chain are set to receive at least £10.10 ...
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Case StudiesPodcast: Trayport adapts benefits to keep culture alive through pandemic
Listen: In this episode of the Employee Benefits podcast, David Glennon, rewards manager at Trayport, discusses some of the employee wellbeing projects that the software organisation put in place to support staff during the pandemic.These initiatives led to Trayport winning the award for Best benefits to support employees during the ...
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Case StudiesThe benefits offered by Trayport
The benefits on offer at Trayport:Pensions and financial wellbeingGroup personal pension plan with Aviva with a 7% employer contribution.Regular financial wellbeing talks and webinars.Access to a financial advisor.Option to save into an individual savings account (Isa) directly from payroll.Group riskGroup income protection for all employees, employer paid.Life assurance at four ...
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ArticleMedian pay award increases to 2.2%
The median pay award across the UK rose to 2.2% in the three months to October - with the upper quartile increasing by even more - according to the latest monitoring figures from Incomes Data Research (IDR).An analysis by the benchmarking body of 41 pay deals that took place between ...
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ArticleCarmarthenshire Council gritters set to strike in pay row
Gritters employed by Carmarthenshire Council’s highways department have voted to take industrial action against their employer in 2022 over a pay-related dispute.The GMB trade union said 90% of its members at the Welsh local authority had voted in favour of taking action, which would see more than 50 gritters temporarily ...
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ArticleStaff at Ford Dagenham plant win pay rise
More than 300 contract workers employed by Lineside Logistics and based at the Ford plant in Dagenham, east London, have accepted a 5.1% pay rise.Trade union Unite said the contractors, who assemble diesel engines at the site, had voted in favour of the one-year pay deal, which is backdated to ...
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ArticleBelong increases starting salary to £10 an hour
Dementia care operator Belong has announced that it will pay all 1,100-plus employees a minimum of £10 an hour.From 1 January 2022, staff of all ages working at its care villages and home care services across the North West and West Midlands will be paid above the real living wage ...
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ArticlePandemic forces 300,000 women out of workplace pensions
Some 300,000 women were unable to make any savings towards a workplace pension in the last year due to the impact of lockdowns, home schooling and increased domestic responsibilities during the pandemic, research has revealed.Workplace pension provider Now: Pensions’ new report Pandemics and pension inequality, created in collaboration with the ...
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Supplier articleThe new age of flexible benefits
By Lee Thompson, Head of Solutions Delivery at Reward GatewayAs the world around us changes, many of my peers are entering a new world of hybrid, or even fully remote, work, yet they still have the same (lack of) technology when it comes to their working life, particularly when it ...