All Financial wellbeing articles – Page 59
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ArticleJohn Townsend Trust secures £30 million buy-in
John Townsend Trust, a former charity that provided education and care to deaf children and young people, has agreed to a £30 million full scheme buy-in transaction for its pension and assurance scheme.Legal and General Assurance Society, which is part of financial services organisation Legal and General, will be covering ...
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ArticleNurture Landscape becomes living wage employer
Landscape and national grounds maintenance business Nurture Landscapes Holdings has committed to paying the living wage to all of its employed staff aged 18 and above.The organisation, which is also known as the Nurture Group and employs around 1,360 workers across the brands Nurture Landscapes and Gavin Jones, has ensured ...
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ArticleEXCLUSIVE: 40% of staff say money issues impacted mental health
Two-fifths (40%) of working Brits admitted that money worries have affected their mental health with stress and anxiety being the two most common symptoms, according to new research released on International Stress Awareness Day (3 November).The survey of 2,000 UK workers, from financial wellbeing provider Wagestream and research firm OnePoll, ...
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ArticleCIPHR becomes a living wage employer
HR software business CIPHR has received living wage employer accreditation from the Living Wage Foundation.The Marlow-based technology group, which employs more than 200 staff across its three brands CIPHR, Digits Industries and Payroll Business Solutions (PBS), has pledged to pay all of its employees at least the real living wage ...
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ArticleBen Wilmott: Should it be mandatory for employers to report on their ethnicity pay gap?
Fostering an inclusive and diverse workforce, free from any form of discrimination or inequality, should be an ambition of every employer. Despite a number of businesses publicly condemning racism and discrimination in society last year following the worldwide Black Lives Matter protests, little has changed with regards to ethnicity pay ...
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ArticleCovid-19 affected finances of almost half of British staff
New research has revealed that almost half of British employees’ finances have been significantly impacted by the Covid-19 (Coronavirus) pandemic, with those aged 50 and over affected the most.More than 1,000 Brits took part in the health service Cigna Europe’s Cigna 360 wellbeing survey, with the findings, which have been ...
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ArticleStephenson Harwood offers electric cars to staff
A law firm is offering its UK staff electric cars as a way of aligning the business with some of the goals of the COP26 climate crisis conference.Global firm Stephenson Harwood is offering the benefit to its 550 employees in London initially, but hopes to extend the scheme to its ...
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ArticleKavitha’s keynote: Financial struggles continue despite NMW rise
The Budget 2021 announcement on Wednesday (27 October) confirmed an increase to the national minimum wage (NMW), which has been welcomed by many employees who have been facing financial struggles during the Covid-19 (Coronavirus) pandemic.Indeed, with the NMW rate rising from £8.91 to £9.50 next April, many low-paid workers are ...
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ArticleReport finds real terms pay growth still weak
Real wage and pay growth is set to grind to a halt next year, a think-tank has warned, despite the uplift in minimum wage rates and an end to the public sector pay freeze promised in the Budget.In 2022 average earnings are expected to grow by 3.9%, but are likely ...
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ArticleBudget 2021: Pay rises announced
Budget 2021: Chancellor of the Excheque Rishi Sunak has confirmed pay rises for the lowest-paid workers and public sector staff, as well as changes to Universal Credit, today (27 October).Sunak said the national living wage (NLW) will go up to £9.50 an hour from 1 April 2022 – a 6.6% ...
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ArticleUK gender pay gap progress slow
The UK gender pay gap has continued its downward trend but the pay penalty experienced by women over 40 perseveres, according to data from the Office for National Statistics (ONS).In 2021, the pay gap among full-time employees was 7.9%, up from 7.0% in 2020. This is still below the difference ...
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ArticleReport calls for more pensions reassurance
Reward and pensions professionals need to put employee communication and reassurance front and centre if they want to maintain engagement when they carry out a pension scheme change consultation, according to a new report.The document, titled Pension change consultation: turning a legal requirement into an engagement opportunity from insurance broker ...
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ArticleGo Ape now owned by its employees
Outdoor adventure company Go Ape has transferred the majority of shares in the business to an employee ownership trust, allowing its workforce to have a stake in the company’s success. Ninety per cent of Go Ape shares have been handed over to staff, with the remaining 10% ...
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ArticleZurich UK sees 300,000 paternity leave hours taken
Insurance organisation Zurich UK has revealed that its working fathers have taken 300,000 hours of paternity leave since it launched its enhanced package in 2019.OnePoll surveyed 1,000 respondents on behalf of the provider and found that in the past two years, two out of three (63%) dads opted to take ...
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OpinionPolly Neate: What employers need to know about the housing emergency
The housing emergency is real. Just ask your colleagues.Right now in the UK, working families are being evicted from their homes. Working people are living in hostels and working parents are going without food just so they can pay the rent. This is the housing emergency. How much do you ...
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Supplier articleThe Importance of Financial Literacy in the Workplace
Financial literacy is concerned with providing individuals with financial knowledge and helping them make better decisions (Hustron, 2010). Crises on average occur every seven years: 2008 mortgage financial crisis and COVID-19 health pandemic to name two recent ones. Personal finance and basic financial knowledge become even more essential during crisis ...
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ArticleCleaners win back furlough wages from Pridegreen
Cleaners at London Elizabeth Hotel have won back £4,733 in furlough wages that they were denied by outsourced cleaning business Pridegreen after holding protests.On 2 October, 25 cleaners and supporters staged a demonstration on the hotel premises, organised by the Independent Workers’ Union of Great Britain (IWGB), as staff had ...
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ArticleThe top 10 most-read articles between 15 October - 21 October 2021
The top 10 most-read stories on employeebenefits.co.uk between 15 October – 21 October 2021 were: EXCLUSIVE: Clipper Logistics launches financial wellbeing policyEXCLUSIVE: 26% of workplaces unaffected by the menopauseDFS introduces staff menopause policiesShould employers use total reward to attract and retain the talent they need?Glasgow refuse staff to strike due ...
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ArticlePay awards set to reach 2.5% by August 2022
Private sector employers expect that the average pay settlement will rise to 2.5% by next September, according to XpertHR.Some 84% of businesses polled expect to increase pay at their next annual review and half of employees are expected to receive a higher award than they did over the past year.Sheila ...
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ArticleUniversity of Sheffield to pay staff £10 per hour
The University of Sheffield has announced that it will pay all of its employees a minimum of £10 per hour from 1 November 2021 following threats of industrial action this month (October).This will affect around 400 members of staff including university cleaners, with the majority working 17.5 hours per week ...