All Financial wellbeing articles – Page 70
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ArticleA third of over-50s have seen pay cuts
New research by SunLife suggests it has been the over-50s who have suffered significant pay cuts since the Covid-19 (Coronavirus) pandemic began.A poll conducted by the organisation among 1,051 respondents aged 50-plus revealed 30% had seen their hours or salaries cut; 25% had been furloughed, and one-in-10 had lost their ...
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Supplier articleMoney Management during COVID-19
The COVID-19 pandemic has had a huge impact on our way of life and how we keep on top of our money management. The UK’s unemployment rate has hit 5% for the first time in more than four years, according to official figures which suggest over 200,000 people lost their ...
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ArticleHR pay rises less than the national average
Research by Reed has found pay rises for HR professionals were less than those enjoyed by the rest of the workforce.The survey revealed average wages for those in the HR sector grew by 1.9% during 2020, compared to the UK average of 2.3%. The data confirmed this was the third-lowest ...
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ArticleMitchells and Butlers defers pension contributions
Pubs and restaurants group Mitchells and Butlers (M and B), which owns chains including Harvester, O'Neill's and All Bar One, has announced it has delayed paying into its staff pension scheme.The move to suspend the £4.2 million monthly payment into the fund comes as it battles to keep its head ...
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Supplier articleProtecting the financial wellbeing of employees during the pandemic and beyond
At times like these – when many households are surviving on a reduced income due to a reduction in salary or redundancy -– the need to protect employee financial wellbeing has never been more important.Jonathan Watts-Lay, Director, WEALTH at work comments; “Learning how to manage on a reduced income is ...
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ArticleUber loses 'workers’ case
The Supreme Court has announced today (19 February) that drivers operating for taxi-hailing company Uber can indeed be legally defined as workers - with all the employment rights this accords them.The longstanding court battle, which was first launched in the UK in 2016, could now have a significant impact on ...
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Supplier articleWEALTH at work launch the Financial Healthcheck to help employees achieve their financial goals
In recognition of the demand on employers to support employees during the pandemic and beyond, WEALTH at work have launched a new online platform called the ‘Financial Healthcheck’.The platform will help employees build their knowledge on a range of financial matters throughout their career and will cover topics such as ...
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ArticleAmazon accused of breaking employment terms
Amazon is accused of cancelling workers shifts at the last minute and leaving agency workers with no guarantee of pay for 20 hours’ work per week – both of which breach the organisation's own employment policies.The practice has been called out by The Bureau of Investigative Journalism, which has claimed ...
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ArticlePay increases hit by falling employer confidence
Data published by XpertHR today (18 February) has found average pay increases are struggling, with pay freezes the more likely outcome facing many employees.The analysis of data for the three months to end of January revealed the median basic pay award was just 1%, while pay freezes accounted for a ...
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ArticleHarrogate Council becomes living wage employer
Harrogate Borough Council will now become a living wage employer, after a last-minute amendment to its annual budget was approved by councilors.The amendment was proposed by councillor Philip Broadbank, after learning existing budget plans would see some employees working on what he called “poverty pay,” - potentially forcing many to ...
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ArticleDelta Security Management to pay living wage
Security guard firm Delta Security Management has become the latest organisation to be recognised as a living wage employer.Accredited by the Living Wage Foundation, the company based in Crawley, West Sussex, will now pay its 10 full-time and four part-time staff at least £9.30 per hour. This is the outside-London ...
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ArticleBritish Gas workers strike over changes to pay and conditions
More than 7,000 workers at British Gas have staged the first of three planned four-day strikes today in protest over its ‘fire and rehire’ policy that sees staff having to accept pay cuts and cuts to benefits.According to the GMB union, which is coordinating the strikes, British Gas owner Centrica ...
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Supplier articleGetting leadership on board with your DEI programme
If we were to do a poll of the steps most likely to be taken by businesses to address an equality challenge, I would guess that unconscious bias/cultural awareness training, graduate recruitment, and having a related employee resource group would come somewhere near the top. I’m right, aren’t I?The irony ...
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Supplier articleHow to support employee mental wellbeing with employee benefits
No doubt a key priority for HR in 2021 is to support employee mental wellbeing.Indeed, HR knows first-hand the effects of the pandemic on mental health, with a reported 70% increase in the stress-related absence in 2020 among HR professionals in the UK.In helping support employees with their mental wellbeing, ...
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ArticleKavitha’s keynote: The proof is in the pay packet
Last week, I mentioned that many employers had been forced to make tough decisions in order to stay in business as a result of Covid-19 (Coronavirus), including reducing the pay packet of individuals at their organisations and consequently pushing some staff into serious financial difficulty.Indeed, as we reported earlier this ...
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ArticleBus drivers vote to strike over fire and rehire plans
Bus drivers working for Manchester-based operator Go North West have overwhelmingly voted to strike over claims its ‘fire and rehire’ policy will leave them worse off.The vote for industrial action comes after the Go North West sent ‘notice of termination of your employment’ letters to workers, asking them to rejoin ...
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ArticleGovernment suspends pay gap reporting enforcement
The government appears to have indicated it is suspending enforcement of gender pay gap reporting for this year.In a BBC news report on Tuesday 9 February, Gillian Keegan MP, minister for Apprenticeships and Skills, confirmed that while it would be "encouraging" employers to continue filing their gender pay gap reports, ...
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Article67% of employees on low pay see salary cut due to pandemic
More than two-thirds (67%) of full-time, below-living-wage employees said their pay had been lowered for reasons related to the pandemic over the past year, according to a new report by The Living Wage Foundation.Life On Low Pay, a new report by The Living Wage Foundation, has revealed the depressing plight ...
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ArticleEmployees unaware of basic pension facts
Research by consumer watchdog Which? has found most employees are still in the dark about the most basic of pension facts – even though greater numbers do know how they can cash their pension pots in.The poll, conducted among 2,000 workers, revealed that only 38% could correctly identify 55 as ...
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Article100,000 NHS staff now have early access to wages
More than 100,000 NHS staff across seven trusts are now able to have early access to their earned and extra shifts pay, after they joined Allocate Instant Pay by Wagestream.The deal means workers at trusts including Chelsea & Westminster Hospital, Gloucestershire Hospitals NHS Trust, Liverpool Heart & Chest Hospital and ...