All Financial wellbeing articles – Page 56
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AnalysisHow have reward strategies changed in 2021 and what might the new year bring?
Ultimately in 2021, reward professionals had to keep on the pulse of what employees wanted and needed more than ever.Employers can offer discount schemes and salary sacrifice schemes to those looking to keep costs low and boost their financial wellbeing, as well as providing support for those wanting to bolster ...
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ArticleSick pay is too low for around one-third of staff
Around one-third of UK workers have sick pay that is too low to meet basic living costs, or no protection at all, according to research.The Trades Union Congress (TUC) conducted an online survey of more than 2,000 workers earlier this year that showed many didn't qualify for statutory sick pay, ...
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OpinionJeremy Harris: What are the long-term consequences of the pensions pay gap?
During a House of Lords debate on 22 November 2021, following a question posed by Labour life peer Lord Sikka about the UK government's efforts to tackle entrenched gender pay inequality, the pensions gap was highlighted as an issue of major concern.The pensions gap, it was noted, contributes to societal ...
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ArticleEnable Scotland ups staff pay to £10.40 an hour
Social care charity Enable Scotland has increased its basic rate of pay to £10.40 per hour for its 2,000 members of staff as of this month (December).The wage rise, which goes beyond the Scottish government-funded increase to £10.02, means that the basic contracted rate of pay for the organisation’s care ...
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ArticlePoll: Just 8% of employers publish disability pay gap
Employee Benefits poll: Fewer than one in 10 organisations currently publish their annual disability pay gap, according to our research.Only 8% of respondents to an online survey said they made the data available to the public on a regular basis.A further 33% are considering reporting on disability pay while the ...
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ArticleGender earnings gap still high at 40%
The average mid-working-age UK woman earned 40% less than her male counterpart in 2019, research has revealed.The study, which was carried out for the Institute for Fiscal Studies' (IFS) Deaton Review of Inequalities, found the gender earnings gap was just 13 percentage points lower than in the mid-1990s.The authors found ...
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ArticleUber loses High Court bid to challenge worker rights ruling
The UK High Court has refused transport business Uber’s application to declare its gig-economy business model lawful following the Supreme Court’s ruling on its worker rights and transport regulation.In February this year, the Supreme Court ruled against Uber and confirmed that its drivers were entitled to statutory protection under employment ...
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Supplier article6 Reasons Why Every Employer Should Consider A Salary Sacrifice Car Scheme
The salary sacrifice car scheme is a product primarily aimed at employees, and offers them a non-cash benefit in return for a portion of their gross salary. This provides a significant lifestyle benefit for the employee and is a means of achieving cost-effective motoring on a nett-zero carbon basis.However, the ...
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ArticlePoundstretcher gives staff 10% pay rise
Retailer Poundstretcher is to reward established employees with a 10% pay rise in recognition of their hard work throughout the Covid-19 (Coronavirus) pandemic.From 1 January 2022, those who have been members of staff at the business for a full year will receive the hike in their basic annual salary.This will ...
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ArticleHC-One launches new pay and reward scheme
Care provider HC-One has invested £17 million in a new pay and reward scheme for staff to ensure they can earn above the real living wage.The business, which employs around 21,000 members of staff across the UK, will give all care employees with two years of experience above the real ...
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ArticleAnchor to pay staff real living wage rates
Anchor, also known as Anchor Hanover Group, has announced that it will pay its 9,000 members of staff real living wage rates as of this month (December).The organisation, which offers retirement housing to rent and to buy, retirement villages and residential care homes, including specialist dementia care, will pay the ...
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ArticleKavitha's keynote: Acknowledging employees’ hard work
This week, we’ve reported on some of the rewards employers have given to staff to acknowledge their hard work throughout the year.Toymaker Lego, for example, offered its 20,000 employees around the world three extra days of holiday on top of their annual allowance, as well as a bonus in April ...
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Article43% of staff do not feel financially on track
New study findings have revealed that more than two in five employees (43%) do not feel like they are financially on track to live the life they want in the future.Research from Aviva’s report Evolving in the age of ambiguity, which is the third instalment of a two-year study into ...
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ArticleStagecoach staff in Yorkshire strike due to pay row
More than 560 Stagecoach bus drivers based in Sheffield, Barnsley and Rotherham in Yorkshire have been striking over a pay dispute.The organisation's employees were balloted earlier this month (November) for strike action after a pay offer was rejected, with the results revealing that they supported the idea.It began at the ...
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Article63% say financial knowledge is excellent or above average
Six out of 10 workers (63%) think their financial knowledge is either excellent or above average, according to a new survey.The research of 1,015 UK working adults in employment was carried out by Vital Research for Wealth at Work, and aimed to find out how employees are saving for their ...
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ArticleAmazon staff protest over pay and work conditions
Workers employed by online retail giant Amazon located in 20 countries, including the UK and US, have planned to stop work and protest on Black Friday (today) over pay and working conditions.Make Amazon Pay, the campaign group behind the protest, is backed by a coalition of labour groups, trade unions, ...
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ArticleSalesforce introduces global gender inclusive benefits
Cloud-based software business Salesforce has launched global gender inclusive benefits this month (November) to provide financial and emotional support to all of its transgender and non-binary employees across the world.Designed in partnership with its LGBTQ+ staff resource group Outforce, the organisation, which has more than 50,000 workers across the world, ...
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Article35% of staff worked when ill during past 18 months
New data has highlighted that more a third (35%) of UK adults have continued to work while feeling unwell in the past 18 months, rising to almost half (46%) among those aged 18-34.Research carried out by Opinium on behalf of Canada Life found that 21% of adults who admitted to ...
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Supplier articleWhat Is A Salary Sacrifice Scheme?
As UK businesses set out on the ‘road to zero’ and de-carbonisation of their fleet vehicles, many schemes are being set up with an onus on promoting the use of electric vehicles (EVs) and hybrid vehicles. These are particularly effective if they can be tied in with working and financial ...
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Supplier articleThe Most Cost-Effective Way You Can Lease A Brand New Electric Car In 2022
Businesses have never faced as many challenges as they do with 2022 approaching. Quite apart from the usual competitive marketplace, the ‘unknowns’ presented by Brexit and the COVID pandemic have created an economic outlook like nothing anyone has ever seen. At the best of times businesses have to keep a ...