All Financial wellbeing articles – Page 71
-
ArticleCare home staff risk lives without proper sick pay
Care home workers are putting residents' lives at risk by being forced to work because they are still not given full pay when they are ill.Trade union Unison reported that it had been contacted by numerous staff who say they are only offered statutory sick pay (£96 per week) instead ...
-
Supplier articlePension scams rife almost one year on from when Covid-19 first struck
How to protect pension scheme membersThese uncertain times are often seen as a window of opportunity for scammers looking to prey on vulnerable individuals, with a recent report by Action Fraud finding that pension scams had become one of the most common types of fraud to occur last year. In ...
-
ArticleFinancial impact of pandemic worst for low-paid workers
Research by the Trades Union Congress (TUC) into household income reductions caused by Covid-19 (Coronavirus) has revealed low-paid workers have suffered the most, with half having experience a loss of income during the pandemic, compared to 29% of high earners.Commissioned as part of its submission to government about what next ...
-
Supplier articleAbsence management: how to better equip your line managers
By Tracey Ward, Head of Business Development and Marketing at Generali UK Employee BenefitsThe 1st February marks #NationalSickieDay; arguably not something worthy of celebration. But it does help highlight a problem; one that has shown a marked resurgence recently. So, this day could be seen as a useful reminder on ...
-
ArticleBank of America rolls out thank-you awards
A Bank of America memo has revealed staff at the organisation received enhanced pay and shares perks as a thank-you for their efforts during 2020.Coming on the back of its full-year financial results, chairman and chief executive Brian Moynihan told staff: “Teammates were called upon to address unprecedented challenges." He ...
-
Supplier articleSupporting Mental Health at Work
Time to Talk Day 2021 will be held on Thursday 4 February, and aims to increase conversations about mental health and wellbeing. According to Time to Change, even small conversations about mental health have the power to make a big difference, and employers should encourage discussion within the workplace.It goes ...
-
ArticleStena U-turns on sick pay cuts
Ferry company Stena has bowed to pressure, announcing an improved sick pay policy for staff that substantially improves upon what was originally put forward last November.Its pre-Christmas proposal would have put workers on £95.85 per week statutory sick pay (SSP) for the first to fifth week of illness, before moving ...
-
ArticleKavitha’s keynote: Employee appreciation has never been more important
As the effects of the Covid-19 (Coronavirus) pandemic continue to be felt across the world, many employers are being forced to furlough staff, reduce pay or implement job cuts in a bid to stay in business.Meanwhile, it is likely that remaining employees at these organisations are facing personal struggles of ...
-
Supplier article5 ways to improve your 2021 employer brand through your people
By Mark Puncher, CEO of Employer Branding AustraliaOK, so we’re all hoping for a better 2021. From a people and culture perspective, however, it’s not just going to land in your lap. In fact, all the signs are that employee engagement and culture shaping will be even more complex this ...
-
ArticleCambridge University becomes a living wage employer
Cambridge University is now an accredited living wage employer, with its new ‘Living Wage Commitment’ meaning staff at the historic academic institution will receive a minimum hourly pay rate of £9.50 in the UK or £10.85 in London.Eilís Ferran, pro-vice-chancellor at University of Cambridge, said: “University of Cambridge staff are ...
-
ArticleUnilever promises all suppliers will pay a living wage by 2030
British multinational consumer goods organisation Unilever has pledged all of its suppliers will pay their employees a living wage by the end of the decade.The commitment, unveiled as part of a wider renewal of its social responsibility standards, will see the business insist that all workers of companies in its ...
-
ArticleFurlough forces millions to delay retirement plans
Millions of workers face delayed retirement due to being put on furlough and its impact on pay, according to a study by investment firm Fidelity International.The research found that nearly four-in-10 workers surveyed (38%), have said they will have to put back their retirement date by around two-and-a-half years.According to ...
-
ArticleGreene King relaunches employee support fund
Pub chain Greene King has announced plans to relaunch its Covid-19 (Coronavirus) Emergency Support Fund, which is designed to give hard-pressed team members financial assistance.The fund, which was initially in place between from March-June last year, helped distribute £650,000 in grants to employees. The grants enabled financially-pressed workers to access ...
-
Supplier articleBuilding your HR tech stack to meet employees' needs
All over the world, HR leaders have spent the last 12 months adapting engagement strategies, and embracing new tools to help improve employee connection, agility and support. This approach helps prepare teams to better handle constant disruption and sets them up for growth and success.Companies that are building their HR ...
-
Supplier articleWHAT IS THE GOAL OF EMPLOYEE DISCOUNTS?
Since we started our business nearly 20 years ago, we have seen an exponential growth in the number of businesses that offer employee benefits to their staff. In fact, it can be true to say that most companies now have at least a standard benefit offering – some mandatory such ...
-
Supplier articleDoes It Matter What Your Peers Think? The Value of Peer-to-Peer Recognition
Have you ever felt that your efforts at work were going unnoticed? Did it make you feel undervalued and affect your productivity and company loyalty?Peer-to-peer recognition is a useful yet often underutilised tool, which can greatly improve engagement, productivity, and retention of valued employees. It can also have a positive ...
-
Supplier articleBusy Bees Benefits: How an Ageing Workforce Will Affect Pay Strategy
The effect of the coronavirus pandemic coupled with today’s ageing population, means it’s more important than ever to devise innovative solutions that address today’s financial challenges.With employees working for longer, companies need to provide employees with salaries for extended amounts of time. This impacts stating salaries for businesses, as employers ...
-
ArticleEXCLUSIVE: Heineken UK launches workplace savings tool for staff
EXCLUSIVE: Brewing organisation Heineken UK has introduced a workplace savings benefit to employees to support their financial wellbeing.The employer partnered with workplace savings provider Cushon to give staff the opportunity to save regularly into an individual savings account (Isa), with the money automatically deducted from their salary each month. Available ...
-
Supplier articleBusy Bees Benefits: Making Pay Go Further
Due to economic uncertainty caused by the coronavirus pandemic in addition to Brexit, many employers have been unable to award pay increases to staff. These factors have in turn been impacting employers in their ability to recruit and retain employees. With this in mind, it’s important to consider how employers ...
-
Supplier articleTailor-Made or Generic Benefits?
The world is full of compromises and often; they are the only solution to keep the peace. With a compromise, however, no one is left in their ideal situation.As an employer, the biggest challenge when designing an employee benefits programme is delivering a programme that suits everyone without shattering budget ...