All Financial wellbeing articles – Page 69

  • Virgin Care
    Article

    Virgin Care introduces EWA incentive for staff

    2021-03-25T10:05:41Z

    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 ...

  • 25th-reward-gateway
    Supplier article

    Centralising employee engagement initiatives through technology to boost benefits, recognition and wellbeing uptake

    2021-03-25T08:30:06Z

    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 ...

  • Covid-19-causes-fifth-of-over-65s-to-delay-retirement
    Article

    Covid-19 causes one in five employees over 65s to delay retirement

    2021-03-24T06:00:13Z

    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 ...

  • Merton-College-reveals-Oxford-Living-Wage-pledge-1
    Article

    Merton College reveals Oxford living wage pledge

    2021-03-23T10:15:45Z

    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 ...

  • Poll: Furlough extension gets thumbs up from 55% of employers
    Article

    Poll: Furlough scheme extension gets thumbs up from 55% of employers

    2021-03-22T09:00:23Z

    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 ...

  • Pension-Protection-Fund-posts-problem-pay-gaps
    Article

    Pension Protection Fund ethnicity pay gap 'a problem'

    2021-03-17T08:53:52Z

    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. ...

  • Edinburgh-Council-becomes-Living-Wage-employer
    Article

    Edinburgh Council becomes living wage employer

    2021-03-16T10:36:33Z

    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 ...

  • Female-pay-declines-sharply-after-having-children
    Article

    Report reveals sharp decline in pay for working mums

    2021-03-15T09:06:04Z

    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 ...

  • Screenshot-2021-03-12-at-9.11.13-AM
    Article

    One in eight quit work due to ill-health

    2021-03-12T10:21:09Z

    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 ...

  • Kavitha’s keynote: Choosing to challenge
    Article

    Kavitha’s keynote: Choosing to challenge

    2021-03-12T06:00:38Z

    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 ...

  • Workers-‘desperate-for-wellbeing-support
    Article

    Workers ‘desperate' for wellbeing support

    2021-03-11T10:34:46Z

    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’, ...

  • OECD-reveals-huge-gender-pension-gap
    Article

    Report highlights huge gender pension gap

    2021-03-11T09:41:29Z

    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 ...

  • Female-pay-gap-worsened-by-Covid-19
    Article

    Gender pay gap worsened by Covid-19

    2021-03-08T06:00:30Z

    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, ...

  • Newham-Council-becomes-Living-Wage-employer
    Article

    Newham Council becomes living wage employer

    2021-03-05T09:59:22Z

    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 ...

  • Firms-not-prioritising-financial-wellbeing
    Article

    Employers not prioritising financial wellbeing

    2021-03-05T09:42:28Z

    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 ...

  • Go-North-West-drivers-to-strike-indefinitely
    Article

    Go North West drivers to strike indefinitely

    2021-03-01T10:45:52Z

    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 ...

  • Sainsbury’s-give-thank-you-bonus-and-rise-to-staff-1
    Article

    Sainsbury’s gives employees thank-you bonus and pay rise

    2021-03-01T10:07:43Z

    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 ...

  • Workers-did-£24-billion-in-unpaid-overtime-during-2020
    Article

    Workers did £24 billion in unpaid overtime during 2020

    2021-02-26T06:00:33Z

    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 ...

  • Wall's finds happiness more valued than pay
    Article

    Wall's finds happiness more valued than pay

    2021-02-26T06:00:03Z

    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 ...

  • BEIS records big rise in minimum wage avoidance
    Article

    BEIS records big rise in minimum wage avoidance

    2021-02-25T10:25:47Z

    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 ...