All Financial wellbeing articles – Page 69
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ArticleVirgin Care introduces EWA incentive for staff
Photo credit: Virgin CareVirgin Care, the health and social care provider, has unveiled an Earned Wage Access (EWA) incentive for its 4,500 full-time workers.The collaboration with financial wellbeing platform Wagestream is designed to help employees deal with unexpected expenses and prevent financial strain.Under the scheme, individuals will be able to ...
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Supplier articleCentralising employee engagement initiatives through technology to boost benefits, recognition and wellbeing uptake
Employee benefits are a great way to provide extra financial support for your employees and show them you’re invested in them, but without the proper technology in place, organisations frequently see low benefits uptake. When benefits aren’t centralised and are difficult to access, employees won’t take the initiative to use ...
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ArticleCovid-19 causes one in five employees over 65s to delay retirement
The impact of the Covid-19 (Coronavirus) pandemic continues unabated, with research by Close Brothers today (24 February) revealing it has already forced many older workers into delaying their retirement plans.According to the study, the past year has highlighted the fragilities of many people’s finances. As a result, it found nearly ...
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ArticleMerton College reveals Oxford living wage pledge
Merton College, part of the University of Oxford, has announced it has become an Oxford living wage (OLW) employer.The rate is specific to the region and set by Oxford City Council and is calculated at 95% of the London living wage. It means the college is now committed to paying ...
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ArticlePoll: Furlough scheme extension gets thumbs up from 55% of employers
Employee Benefits poll: More than half of employers agree with the government’s decision to extend the furlough scheme by a further five months.Also known as the Coronavirus Job Retention Scheme (CJRS), the initiative was expected to end on 30 April 2021. However, it has now been extended across the UK ...
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ArticlePension Protection Fund ethnicity pay gap 'a problem'
The Pension Protection Fund (PPF) has published its ethnicity pay gap alongside its gender pay gap data for the very first time – and admits the results do not make happy reading.According to its report, the organisation's median gender pay gap increased from 13.39% in 2019 to 15.71% for 2020. ...
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ArticleEdinburgh Council becomes living wage employer
Edinburgh City Council, the capital's largest employer, has announced that all of its staff will receive at least the Scottish Local Government Living Wage (SLGLW) as part of their base pay from 1 April.The change will mean all employees earn at least £9.50 per hour, and the move marks a ...
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ArticleReport reveals sharp decline in pay for working mums
A report released by the Institute for Fiscal Studies (IFS) has revealed the extent to which working mums forego employment and improvements in their salaries after they have had children compared to men.The careers and time use of mothers and fathers report found that the numbers of hours worked by ...
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ArticleOne in eight quit work due to ill-health
A new report by the Trades Union Congress (TUC) has revealed the extent to which employees are forced out of the workforce early due to ill-health and lack of employer support.The Ending working lives report, published today (12 March), has revealed one in eight (12%) employees have to cut short ...
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ArticleKavitha’s keynote: Choosing to challenge
You would have had to have been hiding under a rock to miss the fact that it was International Women’s Day at the beginning of this week (8 March). Celebrated across the globe, this year’s theme was about choosing to challenge, encouraging people to call out gender bias and inequality.At ...
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ArticleWorkers ‘desperate' for wellbeing support
Research from global health services company Cigna has revealed workers are in serious need of more employer wellbeing support, with two-thirds claiming they are ‘desperate’ for bosses to find ways to help them cope with life's challenges.The survey found that two-thirds (66%) of staff said they felt they were ‘always-on’, ...
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ArticleReport highlights huge gender pension gap
Research released by the Organisation for Economic Co-operation and Development (OECD) has revealed a signifcant gender pension gap, with women over the age of 65 receiving 26% less income than men from their pensions.The study, which combines datasets from around the world, also found that this difference has only decreased ...
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ArticleGender pay gap worsened by Covid-19
Research released to coincide with International Women’s Day today (8 March) has revealed the devastating impact Covid-19 (Coronavirus) has had on gender pay gaps.According to an analysis of hiring by global search engine Adzuna, job openings for women have suffered a year-on-year fall of 40.2% compared to those for men, ...
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ArticleNewham Council becomes living wage employer
Newham Council in east London has been officially recognised as a London living wage employer.The accreditation – given this week by the Living Wage Foundation – means all staff will receive at least the recommended £10.85 per hour.The council was also recognised for its ‘Community Wealth Building Pledge’ which insists ...
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ArticleEmployers not prioritising financial wellbeing
Despite the launch of the Covid-19 (Coronavirus) furlough scheme almost a year ago, and the well-documented financial pressures it is causing staff, research by the Chartered Institute of Personnel and Development (CIPD) has found less than half of organisations provided support for employees to deal with this.According to the results ...
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ArticleGo North West drivers to strike indefinitely
The long-running ‘fire and rehire’ dispute between bus drivers at Go North West and their bosses escalated further over the weekend, with the announcement staff would be staging indefinite strike action.More than 500 drivers walked out yesterday (28 February) over the increasingly bitter dispute, which involves firing the drivers and ...
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ArticleSainsbury’s gives employees thank-you bonus and pay rise
Employees at supermarket giant Sainsbury’s have twice as many reasons to feel happier this week after it was announced they would receive both a bonus and a pay rise.As a thank you to staff, the company is awarding a 3% annual bonus, which will mean the average full-time employee will ...
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ArticleWorkers did £24 billion in unpaid overtime during 2020
Number crunching by the Trades Union Congress (TUC) has revealed the extent to which Britons have put in unpaid overtime since the start of the Covid-19 (Coronavirus) pandemic.The data – released to coincide with Work Your Proper Hours Day today (26 February) – found that more than three million people ...
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ArticleWall's finds happiness more valued than pay
Something for the weekend: “My boss told me to have a good day. So I went home.” It’s an old joke but one employers might be heeding after Wall's research revealed that 78% of people believe happiness and wellbeing should be prioritised over money.The global survey of 12,500 people by ...
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ArticleBEIS records big rise in minimum wage avoidance
A report from the Department for Business, Energy and Industrial Strategy (BEIS), has revealed a huge rise in the number of organisations not paying their staff the minimum wage during 2019-20.According to the report, BEIS dealt with more than 3,500 enforcement cases – an increase of 27% from the previous ...