All Financial wellbeing articles – Page 59
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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 ...
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ArticleStagecoach staff strike amid pay rise dispute
Stagecoach driver employees across south Wales have begun to take part in planned strike action due to a breakdown in talks with over pay.Members of the Unite Wales Union started the industrial action at 2am this morning (Tuesday) in the Brynmawr, Cwmbran and Blackwood depots, as they want a pay ...
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ArticlePandora becomes living wage employer
Copenhagen-headquartered jewellery brand Pandora has announced that it is paying its UK retail employees the current living wage of £9.50 per hour as of yesterday (18 October).The business, which has more than 160 owned and operated stores in the UK and Ireland and employs 1,200 people in its retail teams, ...
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ArticleEXCLUSIVE: Clipper Logistics launches financial wellbeing policy
Clipper Logistics has announced that it has rolled out a financial wellbeing policy built around flexible pay in order to remove the locked pay cycle as of today (19 October).Based in Leeds, UK, the logistics solutions business that employs more than 9,000 team members across more than 50 distribution centres, ...
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Article46% of staff aged 35-54 are unaware of their retirement income
New data has revealed that almost half (46%) of employees aged 35-54 do not know how much income their pension will provide them with in retirement.Research by Invesco, Invesco Consulting, Maslansky and partners and Nest Insight looked at how simple changes to the use of language could help workers in ...
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OpinionMark Ormston: Key considerations to introducing a salary sacrifice pension scheme
When introducing a salary sacrifice pension scheme, early engagement with payroll is key, as it is vital to involve them as soon as possible in the discussions. An employer may discover the systems or software currently being used have certain limitations or missing functionality to meet desired requirements.Employers should consider ...
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ArticleIdeal Carehomes gives staff 5% pay rise
Ideal Carehomes, a residential and dementia care provider, has awarded a 5% salary increase to all hourly paid staff as part of a £1.5 million per annum investment.According to the business, which employs more than 1,300 people across 27 care homes in Yorkshire, the North West and the Midlands, this ...
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ArticleAmazon delivery drivers launch employee rights claim
Thousands of Amazon delivery drivers have instigated an employee rights claim regarding pay with law firm Leigh Day today (13 October).According to firm, at least 3,000 drivers could be eligible for a total of £140 million in compensation because being classified as self-employed delivery service partners means they do not ...
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ArticleGender pay gap widens and 10% of employers fail to report
Analysis of employers’ submissions to the gender pay gap reporting service show that one in 10 employers have not complied with the regulations this year. For those that have, the median figure for the hourly pay gap rose from 9.5% to 10.4%, meaning women earn 90p for every pound earned ...
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ArticleEXCLUSIVE: Shell urges staff to be financially educated and in control
Employee Benefits Live 2021: Everyone has the right to feel in control of their finances in order to make informed decisions, stated Alan Becken, HR policy and benefits specialist at Shell.During the panel discussion titled ‘Pro-actively supporting employees’ financial wellbeing’ that also featured David Glennon, reward manager at Trayport, on ...
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ArticleEXCLUSIVE: Pregnant Then Screwed: Time to tackle the motherhood penalty
Employee Benefits Live 2021: The Covid-19 (Coronavirus) pandemic has “turbo-charged” discrimination against working mothers and pregnant women, and employers must turn this around, according to Joeli Brearley, founder of campaign group Pregnant Then Screwed.“This is a key time for all of us. As ambitious employers and HR professionals you are ...
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ArticleConfessions of a benefits manager: Candid gets money wise
Big Bad Boss is just back from a conference. The first chance we get to do something interesting in real life, and he decides to go without me. Huff. He’s come back raving about a new supplier in the wellbeing space, a firm that is offering a new type of ...
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ArticleEXCLUSIVE: Arsenal Football Club empowers staff to talk about wellbeing
Employee Benefits Live 2021: The world completely changed as a result of the Covid-19 (Coronavirus) pandemic, bringing hybrid and remote working conversations to the forefront, stated Hazel Robinson, reward and benefit partner at Arsenal Football Club.During the panel discussion titled ‘Learnings from supporting employees in 2020 and beyond’ on the ...
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ArticleAsos launches health-related leave policies
Asos has unveiled a packaged of policies to support employees through health-related life events, regardless of their sex or circumstances.Employees can take time away from work for events such as pregnancy loss, fertility treatment, cancer treatment, gender reassignment surgery, and to manage menopause symptoms.Asos CEO Neil Beighton said: "All of ...
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Article45% of female staff have financial anxiety
Almost half of female employees (45%) feel more financial anxiety than they did before the Covid-19 (Coronavirus) pandemic compared to 38% of men, according to new findings.Close Brothers’ report, Expecting the unexpected: a spotlight on preparing for a crisis, included responses from 2,000 UK-based employees working for businesses with 200 ...
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ArticleEmployee Benefits Live 2021 set to welcome delegates at ExCeL London
Employee Benefits Live 2021 is back and for the first time since 2019 will be welcoming delegates in-person to this key industry event, taking place at ExCeL London on 6-7 October 2021.This exciting and stimulating two-day conference and exhibition, which is the largest dedicated reward and benefits event in Europe, ...
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ArticleEG Group gives pay rise to 10,500 UK staff
Petrol station giant EG Group, owned by the billionaire Issa brothers who recently bought Asda, has given its 10,500 UK employees a pay rise, which takes effect today (1 October).The increased rates of pay will apply across all of EG’s petrol filling stations and foodservice brands throughout the UK, with ...
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ArticleAchieving dreams at Employee Benefits Awards 2021
The Employee Benefits Awards 2021 continues to draw closer every week, as the 19th annual event is set to take place in six weeks’ time and will be returning to an in-person ceremony.The finalists for the 23 accolades at this year’s awards have now been revealed and all of the ...
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ArticlePandemic prompts employees to invest in shares
The Covid-19 (Coronavirus) pandemic has triggered record levels of staff investing in shares through Save As You Earn (SAYE) and Share Incentive Plans (SIP), according to the latest research by employee share ownership watchdog ProShare.The organisation's SAYE & SIP report 2020 revealed that those participating in these schemes are on ...
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Article64% of furloughed employees had more than financial support
New research has revealed that nearly two-thirds (64%) of employees received some form of support other than financial while on furlough.Canada Life surveyed 500 furloughed UK adults and found that among those who received consistent support on furlough, 58% said this was through regular communication, 34% cited virtual check-ins and ...