All Financial wellbeing articles – Page 63
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Article25% of UK workplaces are transparent about pay
Just one in four full-time UK employees strongly agree that their workplace is transparent about pay, according to new research.Glassdoor, which provides insights into jobs and companies, surveyed 2,042 UK employees and has published its findings today on Equal Pay Day (18 November). This is the day on which women ...
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ArticleLidl gives pay rise to 21,000 employees
Supermarket chain Lidl has announced pay rises from March 2022, which will benefit more than 21,000 staff and 80% of its workforce.Equating to a wage increase of more than 6% for some, minimum pay for employees across the UK is set to go up to £10.10 an hour from £9.50, ...
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Article37% of female staff do not have workplace pension
New data has revealed that 37% of female employees do not have a workplace pension, compared to 32% of men.Pensions consultancy Barnett Waddingham’s research was compiled based on responses from 2,002 UK working adults, of which 1,022 were women. It found that females are lagging behind men on workplace pensions, ...
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ArticlePoll: 57% of employers agree with NMW rise
Employee Benefits poll: Almost six in 10 (57%) organisations agree with the new national minimum wage (NMW) rate that was announced in the Autumn Budget last month (October).According to Employee Benefits’ latest research, 29% believed that the increase should have been more and 9% think it should have been less ...
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Article17% of UK jobs paid below living wage
New data has revealed that one in six UK workers earn less than the real living wage, which equates to 17% of all jobs and a total of 4.8 million employees.The Living Wage Foundation which has today (15 November) increased its rates to £9.90 an hour across the UK and ...
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Article86% of remote staff have better work-life balance
New research has revealed that four-fifths (86%) of employees felt they had a better work-life balance when working from home.A new European study by global workplace creation service Unispace combined the results of a survey of 3,000 office workers, 2,750 employers in leadership roles at organisations, with global senior leaders ...
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ArticleDisability pay gap narrows to 16.5%
The UK’s disability pay gap has narrowed slightly, but mandatory disability pay gap reporting is needed to drive further progress, according to the Trades Union Congress (TUC).The trade union body’s analysis of Labour force survey statistics found that non-disabled workers earn 16.5% more per hour than those that meet the ...
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ArticleTougher deterrents needed to stop minimum wage breaches
The government’s policy of ‘naming and shaming’ organisations that break minimum wage rules is an effective deterrent against non-compliance, but tougher financial penalties are needed to further minimise incentives for underpayment.This is according to the Resolution Foundation think-tank, which found that smaller firms are more likely to lose out because ...
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Supplier articleElectric Vehicles Explained
All the major motor vehicle manufacturers now have an electric vehicle (EV) or hybrid vehicle in their range, and the increasing popularity is impossible to ignore. And all the biggest motoring sales markets, including China, Europe and the US are seeing an increase in switching from traditional fuel to alternative ...
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Article74% of staff say closing gender pay gap is important
New data has revealed that 74% of working adults believe closing the gender pay gap is important and should be a priority for governments and employers.WorkEqual, a campaign to raise awareness of workplace gender inequalities, marked Equal Pay Day 2021 yesterday (8 November) by releasing the findings of an online ...
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Article75% of staff struggle to focus due to money worries
New research has highlighted that three out of four employees are so worried about finances that they are struggling to focus at work.Workplace money coaching service Octopus MoneyCoach, which published its findings at the start of the Money and Pensions Service’s annual campaign Talk Money Week (8-12 November), reviewed nearly ...
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ArticleGlen Dimplex UK staff to strike in living wage dispute
Glen Dimplex UK workers in Portadown, Northern Ireland, have announced that they will take part in a three-day strike after their request to be paid the living wage was denied.A total of 96% of the workforce voted for action in a strike ballot, with pickets to form from 6am on ...
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ArticlePromotion as Fabriik appoints new chief people officer
Global financial services firm Fabriik has promoted its vice president, people and culture, Katja Ash to chief people officer.Ash, who joined the business in 2019 and was promoted last month (October), was formerly vice president, human resources and operations, at Canadian law firm Hummingbird Lawyers. She will lead on people ...
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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 ...