All Financial wellbeing articles – Page 68
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ArticleMoto Hospitality rolls out financial wellness app
UK motorway services operator Moto Hospitality has rolled out a financial wellness app that helps staff with their general money management, as well as unexpected expenses.The app, from Wagestream, allows all of the group’s 4,500 employees to access a range of services that enable them to boost their financial resilience.Features ...
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ArticleOlder workers face prospect of lower pay
Older workers are facing a double-whammy impact of the Covid-19 (Coronavirus) pandemic by not only being more likely to lose their jobs in the first place, but also being forced to accept lower pay when they do find work.This is the conclusion of a new report, A u-shaped crisis, by ...
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Article43% of workers to delay retirement due to Covid-19
New data from PensionBee has found that more than two-fifths (43%) of workers will now have to push back their planned retirement date because of the Covid-19 (Coronavirus) pandemic.The pension provider's study, which surveyed more than 2,000 savers, revealed that across three different generations (Generation X, Millennials and Generation Z), ...
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ArticleKavitha’s keynote: The true cost of working from home
Employee Benefits has reported on a number of stories relating to working from home lately - particularly following the pandemic - and many have been about its positive effects on employee wellbeing and work-life balance.However, two of our stories this week have highlighted the potential pitfalls for those working remotely, ...
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ArticleThe top 10 most-read articles between 15 April – 21 April 2021
The top 10 most-read stories on employeebenefits.co.uk between 15 April – 21 April 2021 were: What does the Pensions Schemes Act 2021 mean for workplace pensions?Facebook moots pay cut to work from homeMetro Bank team walks over 1,700 miles as part of wellbeing challengeSurrey Fire and Rescue Service rolls out ...
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ArticleJersey votes down minimum wage rise proposal
A proposal to raise the minimum wage in Jersey to £10 per hour by 2022 has been lost by just five votes.The motion, raised by deputy of Saint Helier and backbencher Geoff Southern, would have boosted the current £8.32 per hour pay by £1.68 by the end of next year, ...
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ArticleFemale doctors earn 30% less than male counterparts
The gender pay gap among doctors widened last year, with females earning almost a third less than their male counterparts.The findings from New Medscape also revealed that nearly two-thirds of doctors feel under-rewarded in terms of pay, with their earnings having actually fallen during 2020, compared to two years before.Further, ...
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Supplier articleWebinar: Small actions for better financial wellbeing
Join Dr. Andrew McFaull, from King’s College London, and myself, Director of Employee Wellbeing at Benefex, to reflect on how Covid-19 has impacted employees’ financial wellbeing in two primary ways: those who retained employment and saved money, and those more likely to be furloughed and hit financially. ...
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ArticleWomen have 39% smaller pension pots
New research has revealed the pensions gender gap is more than double the difference between men and women’s average earnings, with women having significantly smaller pension pots.Profile Pensions' analysis of 20,000 customers discovered the gap is such that it means men can expect to retire on an average of £21,800 ...
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ArticleJust Eat to offer minimum pay, holiday and sickness rates
Just Eat, the food delivery service, has said it will offer riders minimum pay, sick pay and holiday entitlement by the end of the year as boss Jitse Groen seeks to make good on his pledge to end gig working across the business.According to the company, most of its riders ...
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ArticleHome workers less likely to get bonuses
Number crunching by the Office for National Statistics (ONS) has revealed a strong correlation between remote working and its impact on pay and benefits, spelling bad news for home workers.The study of employees working from home between 2012-2017 and during 2020 confirms what many fear now about more recent Covid-19 ...
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Supplier articleIs climate change part of your workplace culture?
More and more businesses and industries are committing to reducing their impact on the environment. The upcoming Earth Day reminds us that there are always more ways for companies and employees to adopt environmentally-friendly policies and help tackle climate change.Here are a few different ways you can make your workplace ...
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ArticleChivas Brothers staff balloted for pay strike action
Workers at the Pernod Ricard-owned Chivas Brothers distillery in Scotland are being balloted for strike action after pay negotiations broke down.Employees of the whisky maker are reportedly angry that French Pernod Ricard staff are receiving wage rises, while those in Scotland have had to endure freezes which in real-terms equate ...
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ArticleMencap and Unison urge rethink of sleep-shift pay
Mencap and Unison have written a joint letter to the UK Prime Minister Boris Johnson, urging the government to rethink payments made to care home workers on sleep shifts.The charity and union are responding to a Supreme Court judgement made last month (March), which ruled that sleep-shift workers (primarily care ...
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ArticleEntain launches sharesave scheme to 22,500 staff
Global sports betting and entertainment group, Entain, which owns the Ladbrokes and Coral chains in the UK, has launched a group-wide employee share ownership plan.The sharesave plan gives all of its 22,500 employees globally a potential stake, and return on any profits made, in the business.Under the terms of the ...
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Supplier articleHow employees can boost their pension pot by 25% by saving just 1% more
By Jonathan Watts-Lay, Director, WEALTH at workMany employees are already paying 5% of their salary into their workplace pension through auto-enrolment, with an additional 3% employer contribution. However we know that many employers match additional contributions (up to certain limits), yet their employees may not realise this or understand the ...
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Supplier articleeBook: Engaging a Dispersed Workforce with a Seamless Employee Benefits Experience
Sofology is one of the UK's leading sofa retailers, with 1,200 employees dispersed across its 47 stores and primary headquarters. When the company was looking to improve its benefits offering, the team recognised that the experience would need to be seamless with easy-to-use technology to ensure take-up from a largely ...
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ArticleEast Lothian Council reveals gender pay gap figures
East Lothian Council has published it annual gender pay gap report, and has revealed that the average hourly rate for male employees was £15.62 during 2020 compared to £14.90 for female staff – representing a median gender pay gap of 4.61%.Its mean gender pay gap is 3.01%, meaning that that ...
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Supplier articleHow Financial Worries Are Having A Negative Impact On Mental Health
As part of a new partnership with leading UK digital pay company, PayDashboard, 87% has been examining how users of its platform are affected by financial insecurity, especially in the light of Covid-19.Data from nearly 10,000 UK workers showed that over the last 12 months, 1 in 5 have seen ...
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ArticleKavitha’s keynote: Financial awareness is paramount
The pandemic has thrown many people’s finances into disarray, with some finding themselves unexpectedly being made redundant, while others at the end of their careers may be having to delay their retirement to save more money.While everyone’s situation is different, in these trying times what has become increasingly apparent is ...