All Financial wellbeing articles – Page 56

  • bin-lorry-drivers
    Article

    Coventry bin drivers add more strike dates

    2022-01-10T09:03:21Z

    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 ...

  • Sainsburys
    Article

    Sainsbury’s increases shop staff pay to £10 an hour

    2022-01-10T09:01:16Z

    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 ...

  • top-10-30-dec-2021-6-jan-2022
    Article

    The top 10 most-read articles between 30 December 2021 – 6 January 2022

    2022-01-07T09:00:37Z

    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 ...

  • EB-Awards-2021
    Article

    Employee Benefits Awards 2022 deadline fast approaching

    2022-01-06T09:00:06Z

    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 ...

  • Samantha-Johnson
    Article

    Samantha Johnson: Will the national minimum wage increase support staff financial wellbeing?

    2022-01-06T06:00:36Z

    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 ...

  • Claire-Williams-CIPHR
    Article

    Claire Williams: Will the national minimum wage increase support staff financial wellbeing?

    2022-01-06T06:00:34Z

    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 ...

  • Kay-Maddox-Daines
    Article

    Kay Maddox-Daines: Will the national minimum wage increase support staff financial wellbeing?

    2022-01-06T06:00:26Z

    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 ...

  • Alex-Watson
    Article

    Alex Watson: Will the national minimum wage increase support staff financial wellbeing?

    2022-01-06T06:00:02Z

    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 ...

  • financial-wellbeing_
    Article

    32% of staff to increase emergency funds in 2022

    2022-01-05T10:31:48Z

    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, ...

  • retirement
    Article

    25% of staff plan early retirement at age of 60

    2022-01-04T10:45:32Z

    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 ...

  • Aldi rewards front-line staff with 10% bonus payment
    Article

    Aldi gives staff pay rise from February 2022

    2021-12-17T09:01:34Z

    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 ...

  • David-Glennon
    Case Studies

    Podcast: Trayport adapts benefits to keep culture alive through pandemic

    2021-12-16T06:00:58Z

    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 ...

  • Trayport-London-Reception
    Case Studies

    The benefits offered by Trayport

    2021-12-16T06:00:24Z

    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 ...

  • pay-awards
    Article

    Median pay award increases to 2.2%

    2021-12-15T09:03:23Z

    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 ...

  • gritter-workers
    Article

    Carmarthenshire Council gritters set to strike in pay row

    2021-12-15T09:02:08Z

    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 ...

  • Ford Dagenham
    Article

    Staff at Ford Dagenham plant win pay rise

    2021-12-14T09:01:53Z

    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 ...

  • Belong
    Article

    Belong increases starting salary to £10 an hour

    2021-12-13T09:00:45Z

    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 ...

  • pension
    Article

    Pandemic forces 300,000 women out of workplace pensions

    2021-12-09T09:02:15Z

    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 ...

  • as
    Supplier article

    The new age of flexible benefits

    2021-12-09T08:45:01Z

    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 ...

  • reflection-on-reward-strategies
    Analysis

    How have reward strategies changed in 2021 and what might the new year bring?

    2021-12-09T06:00:43Z

    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 ...