All Financial wellbeing articles – Page 60
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ArticleCushon acquires Creative’s workplace pension scheme
Workplace savings fintech firm Cushon has acquired financial services business Creative’s workplace pension scheme.This is Cushon's third workplace pension acquisition in two years, in line with regulatory goals to drive further consolidation in the market. With the addition of the 14,500 additional employers under Creative’s pension trust, this makes Cushon ...
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ArticleShaw Healthcare to pay staff real living wage
Care home operator Shaw Healthcare has decided to pay its 3,200 employees the real living wage regardless of their length of service.As of 1 March 2022, depending on roles and the existing pay scale, all members of staff will see an increase in their salaries of between 3% and 10% ...
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ArticleMedian basic pay increase to rise to 2.5%
The median basic pay increase is predicted to rise to 2.5% in January, an increase against the 2021 quarter four figure of 2%, according to the latest data from XpertHR.Across the whole economy in 2021, the median basic pay award stood at 1.8%, which is just below the 2% recorded ...
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ArticleMercedes-Benz staff to strike over pay
Technicians employed by Daimler’s Mercedes-Benz Retail Group (MBRG) have voted in favour of a four-day strike over pay.A total of 185 members across the car retail group’s nine sites voted by majorities of 80% to 100% to hold strike action towards the end of last year, due to a third ...
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OpinionAdrian Cooper: Where next for financial wellness?
The nascent financial wellness industry is set to evolve into a fragmented market offering specialised solutions to meet different financial challenges.The current approach is to offer a one-size-fits-all package. Yet the financial challenges people face are not homogenous. At the start of their working life, young people may be saddled ...
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Article61% of UK staff are unhappy with their salary
Three out of five (61%) UK professionals are unhappy with their current salary, according to a new survey.Independent job board CV-Library surveyed 1,500 professionals and revealed that lawyers, teachers and new graduates were the most disappointed with their current pay packets. Despite many being unhappy, more than half (55%) stated ...
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ArticleTUC warns reduced isolation will not fix sick pay issue
The Trades Union Congress (TUC) has warned that the new government policy of reducing minimum self-isolation from seven days to five will not fix the UK’s fundamental sick pay problem.The union body has published a new analysis based on new Office for National Statistics data which estimates that 2.7% of ...
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Article31% of British staff are in control of their retirement
New research has revealed that one in three (31%) British employees are in control and organised with their retirement planning.Private and commercial bank Arbuthnot Latham surveyed 300 respondents asking whether they are ready for retirement to discover the UK's attitude towards the subject, as well as exploring how they plan ...
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Article2022 pay rise budgets soar
UK employers increased the amount of money they put aside for staff pay rises over the second half of last year, it has emerged.Research by global advisory, broking, and solutions company Willis Towers Watson (WTW) found that average 2022 pay hike budgets grew from 2.9% in July 2021 to 3.2% ...
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Article38% of UK staff want more financial wellbeing aid
More than one in three employees want more support from their employer to improve their financial wellbeing, research has revealed.Reward and benefits provider Edenred’s survey of 2,000 UK employees found that 38% would like additional help through work with budgeting and managing bills. Inflation hit 5% in the UK before ...
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ArticleFirst Manchester bus staff escalate pay-related strike
Bus drivers employed by First Manchester have announced further industrial action later this month as a pay dispute continues.Strikes took place at the transport company's depot in Oldham on both Monday and Tuesday this week, as drivers demand an immediate pay increase from the current rate of £12.40 to £13 ...
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Supplier articleThe Secret to Helping Your People’s Financial Wellbeing.
Financial wellbeing has been floating around for a while now, but it’s time to get serious about your people's money. It’s not news that individuals are counting their pennies this year. And most likely the year after that.But it’s no easy feat to protect your team’s money, and is it ...
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ArticleAction urged to rebalance pension wealth
Shareholder returns that feed into UK workers’ pensions “disproportionately benefit a wealthy minority”, according to a report put together by the TUC, think tank Common Wealth and the High Pay Centre.The study found that almost one in three UK shares was held by a UK pension fund in 1990 yet ...
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ArticleCoventry bin drivers add more strike dates
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 ...
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ArticleSainsbury’s increases shop staff pay to £10 an hour
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 ...
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ArticleThe top 10 most-read articles between 30 December 2021 – 6 January 2022
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 ...
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ArticleEmployee Benefits Awards 2022 deadline fast approaching
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 ...
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ArticleSamantha Johnson: Will the national minimum wage increase support staff financial wellbeing?
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 ...
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ArticleClaire Williams: Will the national minimum wage increase support staff financial wellbeing?
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 ...
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ArticleKay Maddox-Daines: Will the national minimum wage increase support staff financial wellbeing?
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 ...