All Financial wellbeing articles – Page 58
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ArticleWiltshire Hills Municipal Collections staff strike over pay
Workers employed by waste services organisation Hills Municipal Collections in Wiltshire have begun a two week-long strike as part of a campaign to achieve a pay rise.The organisation initially offered staff a 2% increase which was then amended to 7% over two years. However, affected employees believe that in practice ...
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ArticleDowty Propellers staff strike over pay row
More than 90 workers employed by Dowty Propellers, a subsidiary of GE Aviation Systems, began strike action last Friday (4 March) in a dispute over pay, with further strikes scheduled for every Friday until 20 May.The organisation manufactures propeller systems and products used in both civilian and military aircraft as ...
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ArticleBright Horizons UK invests in staff pay and benefits
Back-up care and nursery provider Bright Horizons UK has announced that it will invest more than £10 million in its early years practitioners’ salaries and benefits next month in order to recognise differences in the cost of living across the UK.The organisation, which employs more than 7,500 members of staff, ...
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Article82% of young staff want to save for pensions before turning 22
New research has revealed that 82% of young employees aged between 18 and 22 believe that individuals in employment should start saving for their pensions and retirement before the current default age of 22.The Pensions Management Institute’s (PMI) findings also highlighted that more than six in 10 (61%) think that ...
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Article46% of UK employers prioritise positive DC pension scheme outcomes
Nearly half (46%) of UK employers with defined contribution (DC) pension schemes say that delivering positive outcomes for members in this scheme is now their top priority, according to research by global professional services firm Aon.Its Better outcomes by design 2022 DC pension scheme and financial wellbeing survey, which surveyed ...
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Supplier article7 STEPS TO BUILD A CULTURE OF WELLBEING AT WORK
Employee wellbeing has become a bit of a buzzword in the last few years or so, but do you know what it means and how to create a culture that puts wellbeing at its heart? Wellbeing at work is all about how our work life, whether that’s ...
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ArticleNorthern Healthcare staff receive 11% pay rise
Enhanced supported living provider Northern Healthcare has given its more than 250 workers employees a pay rise that surpasses the real living wage as of 1 March (today).The increase will see full-time mental health support workers earn an additional £2,000 each year, which is an 11% increase on average, while ...
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ArticleTFL staff strike over pensions and conditions
Some 10,000 Tube workers are taking part in two 24-hour strikes this week over pensions and working conditions.The Rail, Maritime and Transport (RMT) trade union said all its members working on the London Underground had been instructed to refuse to sign on for duty today (Tuesday 1 March) and on ...
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ArticleAgricultural staff in Northern Ireland to receive pay rises
The Agricultural Wages Board for Northern Ireland has announced proposed minimum wage rates increases of 5% for agricultural workers from 1 April.The proposed new minimum rate, which is applicable for the first 40 weeks of cumulative employment, is £6.95 per hour.For grade two standard agricultural staff, the rate is set ...
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ArticleAverage woman works for free for two months of the year
The average woman effectively works for free for nearly two months of the year compared to the average man, resulting in a 15% gender pay gap on average, according to new analysis published by the Trades Union Congress (TUC).The research revealed that in education there is a 25% gender pay ...
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ArticleTrustFord to pay real living wage
Car dealership TrustFord will pay its staff the real living wage from 1 April.The firm, which has its headquarters in Colchester and employs more than 3,000 people across the UK, committed to paying the voluntary rate to all non-apprentices.Managed by the Living Wage Foundation, the real living wage is currently ...
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ArticleMore Stagecoach West drivers vote to strike over pay
More than 80 bus drivers employed by Stagecoach West in Swindon have voted for strike action in a dispute over pay.In a ballot, 98% of members of the Unite union at the depot came out in favour of industrial action.The drivers are asking for a pay rise to help with ...
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OpinionElena Visser: The argument for giving employees growth shares
The benefits of giving employees a stake in the business by way of equity participation are well rehearsed.Often the decision comes down to a choice between allocating shares upfront, effectively making the employee a day-one shareholder, versus granting them a tax-efficient enterprise management incentive (or EMI) share option.Making employees a ...
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ArticleEXCLUSIVE: 80% rise in worker Covid death pay outs
The amount of money paid to dependents of employees who died with Covid-19 (Coronavirus) soared in 2021, research has revealed.Data collected by reinsurer Gen Re showed an 80% increase last year in the value of group life assurance pay-outs involving Covid-19 on a death certificate or claim form.The figures, sourced ...
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ArticleOcean Holidays Group becomes living wage employer
Ocean Holidays Group has become an accredited living wage employer, resulting in all its full-time workers earning at least £23,000 per year.The Essex-based firm, which has more than 150 employees, joined almost 9,000 employers including Google, Ikea and Everton Football club in achieving certification from the Living Wage Foundation.Accredited businesses ...
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AnalysisTop tips on how employers can reduce the gender pensions gap
Women need to be aware of the impact of career breaks and part-time working on their pensions, and how they may be able to mitigate the impact.Online ‘Mind the gap’ calculators, using video, animation and social media can help to promote relevant messages.Providing education on how pensions work and what ...
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ArticleBMW Mini plant staff receive pay rise
Around 3,500 workers at the BMW Mini vehicle plant in Oxford will get an immediate 5.5% increase in basic pay following negotiations between the employer and trade union members.The multi-year deal will see the initial rise backdated to 1 January 2022 and include lump sum payments totalling £1,500 throughout this ...
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ArticleStaff in unions earn 5% more than others
Unionised employees are paid on average 5% more than other workers, research has revealed.Analysis published by the Trades Union Congress (TUC) highlighted that union members could earn in excess of £60,000 more than non-union employees over their working lives. Based on average pay, the typical union pay premium is to ...
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ArticleMaking Space rewards staff with pay rise
Adult health and social care services charity Making Space has given its more than 1,000 members of staff a pay increase to a minimum of £9.90 per hour from April 2022.The rise, which will see full-time support workers earn an additional £1,700 each year, ensures that all employees will receive ...
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ArticleGirls' Day School Trust staff strike in pensions row
Teachers at all 23 schools that are part of the Girls' Day School Trust (GDST) have gone on strike in a dispute over proposed changes to their pensions.The trust wants to move to a flexible, defined contribution scheme, but the NASUWT teachers’ union argued that the changes would mean staff ...