All Financial wellbeing articles – Page 67
-
ArticleEXCLUSIVE: Low-cost perks on agenda at Employee Benefits Live
EXCLUSIVE: Emma Brookes, reward and recognition specialist at the University of Salford, and Dr Sabrina Robinson, wellbeing lead of people and transformation at Essex County Council (ECC), will be participating in a panel talk about cost-effective benefits on Wednesday 6 October at Employee Benefits Live 2021.Brookes and Robinson will be ...
-
ArticleEXCLUSIVE: Halfords launches staff financial wellbeing services
Automotive and cycling products retailer Halfords has introduced a new initiative for its more than 10,000 team members to build financial resilience and improve wellbeing.Partnering with fintech Wagestream, the range of services, which have been gradually rolled out over the past few weeks and are now live across the business, ...
-
ArticleBooker drivers vote for strike action
A group of heavy goods vehicle (HGV) drivers employed by Booker Retail Partners at its site in Thamesmead, south east London, has voted unanimously for strike action over a pay dispute.According to Unite the Union, 40 drivers have “sent out a clear message” with the results of the vote, with ...
-
Article41% of employees report mental health decline
New research has found that 41% of employees reported a mental health decline since the beginning of the first lockdown in March last year.This finding, revealed in Nuffield Health’s recently published Healthier nation index, raises questions about how easily the nation will return to normality as lockdown restrictions ease, as ...
-
Supplier articleNumis prevents hybrid working staff divide with family support platform
In a bid to remain competitive in attracting new talent and retaining staff, many employers are formalising new ways of work and with the hybrid working revolution in full swing, leading investment banking firm, Numis, recognised a need to support its staff with caring and family responsibilities such that hybrid ...
-
Supplier articleWorking from home is not enough to solve the crisis of parents forced out of work
The ability to work from home is not a silver bullet for staff struggling with work-life balance and juggling family responsibilities. According to new research, working from home over the lockdown primarily improved work-life balance for those over the age of 55, while those below retirement age ...
-
ArticleWelsh care workers earn less than minimum wage
Care workers are earning less than the minimum wage thanks to a loophole in the law that means they are not paid for time travelling between visits, warned the Labour Party.The party’s deputy leader Angela Rayner has demanded a vote on legislation introduced by Labour’s Liverpool MP Paula Barker that ...
-
Article38% of staff won't take legal action against employer
Nearly 40% of UK workers who feel they have reason to take legal action against their employer are deterred by the prospect of victimisation, a survey by law firm Leigh Day has found.According to the poll of more than 2,000 workers, conducted by Censuswide for Leigh Day, only one in ...
-
AnalysisHow benefits technology can support the changing saving needs of employees
Need to know:Digital technology is transforming the workplace savings field by giving employees better control of their finances, and access to the support they need to manage them more prudently.When providing employees with financial education, little and often as opposed to information overload is the most effective way of helping ...
-
OpinionMartin Upton: Workplace financial education can support employees' savings goals
There have long been concerns about financial capability in the UK and calls for education to help people manage their finances. But should this be provided in the workplace?Clearly there is a demand for this. An Open University survey, published in December 2015, found that 81% of employees would like ...
-
Case StudiesCapita supports employees' savings goals with financial wellbeing platform
In November last year, following a successful pilot scheme, Capita rolled out Level, a financial wellbeing and savings platform, to its 37,000 UK employees, most of whom are still working remotely.The platform, which can be accessed via desktop or mobile, offers a range of financial features, including budgeting tools powered ...
-
Article50% of part-time staff have a workplace pension
Only half of part-time employees have a workplace pension despite all eligible staff being automatically enrolled into their employer's scheme, a survey has found.Fidelity International asked 2,004 male and female UK part-time workers about their typical income and retirement savings. It discovered that while women and men earn £13,468 and ...
-
ArticleLiving wage gives £1.53 billion to low-paid staff
More than £1.53 billion has been awarded to 260,000-plus low-paid workers through the campaign for a real living wage over the past 20 years, according to new research.The Living Wage Foundation and Cardiff Business School carried out the study, which also found that almost three-quarters of businesses paying the real ...
-
OpinionLaura Soley and Oliver Scutt: How to introduce a staff hardship fund
As a consequence of Covid-19 (Coronavirus), many employers are considering how they might offer support to current employees in financial difficulties.One way to support them is to set up a charitable staff hardship fund, which can be used to give financial support to members of a defined class of people ...
-
Case StudiesGreene King supports staff with financial hardship fund
UK pub retailer and brewer Greene King currently employs around 40,000 people across 2,700 pubs, support centres and breweries.In March 2020, when the Covid-19 (Coronavirus) pandemic struck and pubs were forced to close, more than 99% of Greene King team members were furloughed. The employer introduced a Team Member Support ...
-
AnalysisTop tips for introducing a financial aid fund
Education and financial coaching can help address underlying symptoms of financial stress for some staff.Being able to access immediate and practical support will not just help employees financially, but will also better their emotional wellbeing and improve their quality of life.The end goal of a financial aid fund should be ...
-
Supplier articleHow these salary sacrifice schemes can support the new needs of employees
Salary sacrifice schemes have been hugely beneficial for employers and employees for a long while.These schemes often provide tax and National Insurance (NI) savings for both employers and employees.They also provide employees with an alternative way to spread the cost and save on a number of important areas of their ...
-
ArticleKavitha’s keynote: There’s no excuse to flout minimum wage rules
HM Revenue and Customs (HMRC) this week revealed details of the numerous excuses given by employers for flouting minimum wage rules, which ranged from “the national minimum wage does not apply to my business,” to “it is part of UK culture not to pay young workers for the first three ...
-
AnalysisWhat are the challenges and benefits of introducing the living wage?
Employers can use paying the living wage as a recruitment or retention tool to make them an attractive organisation.For those employees who are paid the living wage, it can mean the difference between being able to afford the things they need for a decent standard of living or not.As the ...
-
OpinionGraham Griffiths: The benefits of paying the living wage
Now 18 months on since the start of the Covid-19 (Coronavirus) pandemic, it is clear that the world of work has changed remarkably and irreversibly. With almost two-fifths of the working population working from home, which is up almost 10% from pre-pandemic levels, many of us now have a very ...