All Financial wellbeing articles – Page 73
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Article
Devon Air Ambulance provides flexible pay benefit for 135 staff
Emergency medical service Devon Air Ambulance is giving its 135 employees early access to their pay to avoid financial hardship throughout the Covid-19 (Coronavirus) pandemic.The organisation, which has partnered with income streaming platform Hastee, is giving its employees the opportunity to withdraw up to 25% of their pay, as and ...
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Supplier article
Financial wellbeing in times of turmoil
Gethin Nadin, Director, Employee Wellbeing, BenefexFor many years now, employees have been asking their employer for guidance around their own financial wellbeing. As we continue to fight the unforeseen consequences of Coronavirus, the future of our economy is looking unstable at best. Our Digital Watercooler session covers this potentially tough ...
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Supplier article
Financial wellbeing: how does your mind work?
We have all experienced that moment where we sit back and think, “Why did I buy this?” It doesn’t matter what “it” is or in what form this question appears. We’re all familiar with it. Other questions we might ask, are “Why did I buy this, and ...
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Supplier article
Are your employees facing a reduced household income?
Making your financial wellbeing strategy count in difficult timesThere have been many recent redundancy announcements and even with the new job support scheme, it sadly seems inevitable that more will be announced over the coming months.Of those who have a job, many are learning to cope with a reduction in ...
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Article
EXCLUSIVE: NHS organisations offer a multi-faceted financial wellbeing approach
Employee Benefits Reset 2020: As one of the largest employers in Europe, with 1.5 million employees across multiple organisations, the NHS recognises the importance of making sure that financial wellbeing is a key component of the reward strategy.Speaking as part of Employee Benefits Reset 2020 online conference series, Cat Clark, ...
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Supplier article
Do employees understand what they need to know about retiring in a crisis?
There is no doubt that COVID-19 has impacted the financial lives of many people, especially those planning to retire or those who find themselves facing an unplanned early retirement.Latest research from the Centre for Ageing Better and Learning and Work Institute estimates that over a quarter of a million (377,000) ...
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Supplier article
Maximising your benefits financing in the new world
As we begin to realise the long-term financial cost and impact of Covid-19, there is a strong consensus from global HR and Reward leaders that our employee benefits financing will be shaken up. At the very least, most organisations are expecting budget cuts, so pay rises and bonuses will be ...
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Article
EXCLUSIVE: NHS Employers to discuss financial wellbeing at EB Reset 2020
EXCLUSIVE: Catriona Clark, reward programme manager at NHS Employers, will discuss how businesses can commit to financial wellbeing support for their employees at Employee Benefits Reset 2020.The strategy session titled ‘Supporting staff with financial wellbeing' will take place at 10am on Tuesday 13 October in the first ever Employee Benefits ...
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Supplier article
Making the most of redundancy pay
The Government’s Coronavirus Job Retention Scheme comes to an end on 31 October 2020 in which a third of the UK workforce were furloughed. Given the global impact of the coronavirus crisis along with many recent redundancy announcements, it is an inevitable and an unfortunate fact that more redundancies are ...
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Supplier article
Employees need to understand how to make the most of their redundancy pay
The Government’s Coronavirus Job Retention Scheme comes to an end on 31 October 2020 in which a third of the UK workforce were furloughed. Given the global impact of the coronavirus crisis along with many recent redundancy announcements, it is an inevitable and an unfortunate fact that more redundancies are ...
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Supplier article
Why Relevant Life Cover is Essential For SME’s
Many SMEs would love to offer their employees financial support such as life insurance, however sometimes setting up a group scheme may not be the best option – especially if you don’t have many employees.What is relevant life cover? Relevant life cover is a life insurance policy that allows you ...
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Article
67% of employees want more financial wellbeing support from their employers
Just over two-thirds (67%) of employees feel unsupported by their organisation when it comes to financial wellbeing, according to research by Nudge Global.Its survey, which surveyed more than 2,000 employees and HR professionals, also found as little as just under one in 20 (7%) were confident in speaking with their ...
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Article
Take part in Employee Benefits pensions research for a chance of winning £100 voucher
How is Covid-19 impacting employees’ behaviour around pensions? How are organisations providing financial education with a largely mobile workforce and how are organisations communicating these benefits?Employee Benefits' readers can now benchmark their approach to pensions and retirement by participating in this year’s exclusive Employee Benefits pensions research. The survey aims ...
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Article
Employee Benefits Reset online series to explore the latest HR insights and solutions
Employee Benefits Reset online series, which will take place 5 October to 16 October 2020, will play host to a number of speakers discussing the latest trends, insights and solutions in the HR, reward and benefits industry.Up to four events will take place per day, covering the latest topics including ...
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Analysis
What are the latest trends in voluntary benefits?
Need to know:Bikes-for-work schemes and buying equipment for the home office have seen a surge in popularity.Communicating what voluntary benefits are on offer will help to engage employees, particularly if budget restrictions are limiting new benefit offerings. Core voluntary benefits will predominately remain the same but how these are delivered ...
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Supplier article
Busy Bees Benefits: Is your financial well-being strategy meeting the needs of your workforce?
The recession we now find ourselves in affects individuals, businesses and entire industries across the country. It might sound cliche, but money really does influence every part of our lives. Positive financial well-being can help employees to thrive, not only in the workplace, but in their personal lives too.It’s important ...
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Supplier article
Pensions need to be part of the financial wellbeing picture –technology can help, Tony Pugh, Aon
There is no doubt that 2020 will require a major financial rethink for many of us, with everyone’s finances affected in some way by the COVID-19 pandemic. Some will have experienced the severe financial shock of being made redundant or suffered a substantial reduction in earnings through ...
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Article
Confessions of a benefits manager: Candid arranges crisis pensions training
The way Big Bad Boss is carrying on you would think there was a global financial crisis. Well, there is a global financial crisis, but surely this is a time for leaders to calmly steer us to a safer place, not to run around like lost children. Sadly, the Higher ...
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Analysis
How can employers ensure pensions are the right savings vehicle in the current climate?
Need to know:The Covid-19 outbreak has opened up many financial short-term issues for employees.Employees may be unaware that they can change their contribution levels to their workplace pension scheme.Financial education is crucial to ensure that all employees understand where their pension contributions are going, and how to alter levels if ...
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Article
72% of employees do not have access to financial education
Nearly three-quarters (72%) of employees do not have access to any form of financial education benefits, according to research by Aegon UK.The study of 2,000 employees, surveyed just before the Covid-19 (Coronavirus) pandemic in December 2019, found that 70% of employees would find general information about ways to improve their ...