All Financial wellbeing articles – Page 57
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Article19% of staff feel employer does not do enough for financial wellbeing
Nearly one in five employees (19%) feel their employer is not doing enough to support their financial wellbeing, according to research by the Chartered Institute of Personnel and Development (CIPD).Its research, which polled more than 2,500 employees, also found that 12% said their pay is not enough to support an ...
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ArticleWiltshire Police reports 9% mean gender pay gap
Wiltshire Police has seen mean its gender pay gap widen by almost half a percent according to its Gender pay gap report 2021.The police force, which currently employs 1,212 women and 1,151 men, reported an overall mean gender pay gap of 8.99% as of 31 March 2021, which has narrowed ...
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ArticleRevolution Bars Group gives 3,000 staff a pay rise
Revolution Bars Group has awarded its approximately 3,000 employees a pay rise that exceeds the national minimum wage as part of its ‘fair day’s pay for hard day’s work’ pledge.The group, which is an operator of bars including Revolution, Revolución de Cuba, Playhouse, and Founders and Co, has invested £2 ...
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Supplier articleExpert Advice to Help Your Employee’s Financial Wellbeing
Our founder Matt Norbury joined forces with experts to discuss how companies can look after their employees’ financial wellbeing on a budget. With help from London HR Connection, our panel included:Wendy Dignan: renowned psychologist and mental health expertChris Houry: a chartered accountant and leading finance directorLindsay Bruce: recruitment manager at ...
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ArticleLondon Underground drivers to get 8% pay rise
London Underground workers are set to receive an 8.4% pay rise from next month (April) as part of a deal agreed by the Mayor of London Sadiq Khan.A four-year agreement was made back in early 2020, which was backdated to include 2019/20, and so which covers the period between 2019/20 ...
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Supplier articleTHE IMPORTANCE OF PAY IN A FINANCIAL WELLBEING STRATEGY
On first reading, you might think the question of the importance of pay as a part of a financial wellbeing strategy is a silly one. After all, what can be more important to financial wellbeing at work than someone’s salary? Undoubtedly, monthly income and financial wellbeing are ...
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ArticleSpring Statement 2022: National Insurance threshold rises
Spring Statement 2022: Chancellor of the Exchequer Rishi Sunak has today (23 March) confirmed that the National Insurance primary threshold and lower profits limit for employees and the self-employed will increase from July.Sunak stated that the rise from £9,880 to £12,570 will benefit almost 30 million people, seeing a typical ...
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ArticleBelfast food delivery staff strike over pay demands
Food delivery workers based in Belfast will be staging a six-hour strike today (Wednesday) as part of their demands for a minimum income guarantee of at least £10 per hour plus operating costs.Work will be stopped between the hours of 11am and 5pm, with a public protest to be held ...
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Article29% of employers say rise in NI contributions will impact staff pay
More than a quarter of employers (29%) feel that next month’s increase in National Insurance (NI) contributions will have a direct impact on employees’ pay, according to research from Scottish Widows.Conducted by Opinium on behalf of the insurer with a sample size of 500 UK firms, the survey findings revealed ...
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Article58% of single female staff ineligible for automatic pension enrolment
More than half of single working mothers (58%) are ineligible for automatic enrolment into a workplace pension, according to new survey findings, which is an increase from 45% in 2020.The research, conducted by pension provider Now: Pensions and The Pensions Policy Institute to coincide with National Single Parent Day (21 ...
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ArticleMarks and Spencer expands financial benefits package
Retailer Marks and Spencer has expanded its existing financial benefits package to help its 65,000 employees become more financially resilient.Its new arrangement, provided by workplace savings firm Cushon, will give all employees access to a range of savings vehicles including an individual savings account (Isa), a lifetime Isa (Lisa), a ...
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AnalysisTop tips for supporting staff around early retirement
Four factors now typically determine when someone chooses to retire: their ability to fund their lifestyle without work; their appetite for a life without work; their inability to secure employment, and their health, with the latter two sometimes forcing their retirement.If employees choose to take a tax-free lump sum as ...
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ArticleVerifile becomes living wage employer
Background screening services provider Verifile has been accredited as a living wage employer through its commitment to paying its staff the real living wage.This accreditation follows the business giving its 156 UK staff a new minimum hourly wage of £10.00 back in January. This wage is higher than the government-set ...
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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 ...