All Financial wellbeing articles – Page 73
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Supplier articleWebinar: Small actions for better financial wellbeing
Join Dr. Andrew McFaull, from King’s College London, and myself, Director of Employee Wellbeing at Benefex, to reflect on how Covid-19 has impacted employees’ financial wellbeing in two primary ways: those who retained employment and saved money, and those more likely to be furloughed and hit financially. ...
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ArticleWomen have 39% smaller pension pots
New research has revealed the pensions gender gap is more than double the difference between men and women’s average earnings, with women having significantly smaller pension pots.Profile Pensions' analysis of 20,000 customers discovered the gap is such that it means men can expect to retire on an average of £21,800 ...
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ArticleJust Eat to offer minimum pay, holiday and sickness rates
Just Eat, the food delivery service, has said it will offer riders minimum pay, sick pay and holiday entitlement by the end of the year as boss Jitse Groen seeks to make good on his pledge to end gig working across the business.According to the company, most of its riders ...
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ArticleHome workers less likely to get bonuses
Number crunching by the Office for National Statistics (ONS) has revealed a strong correlation between remote working and its impact on pay and benefits, spelling bad news for home workers.The study of employees working from home between 2012-2017 and during 2020 confirms what many fear now about more recent Covid-19 ...
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Supplier articleIs climate change part of your workplace culture?
More and more businesses and industries are committing to reducing their impact on the environment. The upcoming Earth Day reminds us that there are always more ways for companies and employees to adopt environmentally-friendly policies and help tackle climate change.Here are a few different ways you can make your workplace ...
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ArticleChivas Brothers staff balloted for pay strike action
Workers at the Pernod Ricard-owned Chivas Brothers distillery in Scotland are being balloted for strike action after pay negotiations broke down.Employees of the whisky maker are reportedly angry that French Pernod Ricard staff are receiving wage rises, while those in Scotland have had to endure freezes which in real-terms equate ...
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ArticleMencap and Unison urge rethink of sleep-shift pay
Mencap and Unison have written a joint letter to the UK Prime Minister Boris Johnson, urging the government to rethink payments made to care home workers on sleep shifts.The charity and union are responding to a Supreme Court judgement made last month (March), which ruled that sleep-shift workers (primarily care ...
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ArticleEntain launches sharesave scheme to 22,500 staff
Global sports betting and entertainment group, Entain, which owns the Ladbrokes and Coral chains in the UK, has launched a group-wide employee share ownership plan.The sharesave plan gives all of its 22,500 employees globally a potential stake, and return on any profits made, in the business.Under the terms of the ...
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Supplier articleHow employees can boost their pension pot by 25% by saving just 1% more
By Jonathan Watts-Lay, Director, WEALTH at workMany employees are already paying 5% of their salary into their workplace pension through auto-enrolment, with an additional 3% employer contribution. However we know that many employers match additional contributions (up to certain limits), yet their employees may not realise this or understand the ...
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Supplier articleeBook: Engaging a Dispersed Workforce with a Seamless Employee Benefits Experience
Sofology is one of the UK's leading sofa retailers, with 1,200 employees dispersed across its 47 stores and primary headquarters. When the company was looking to improve its benefits offering, the team recognised that the experience would need to be seamless with easy-to-use technology to ensure take-up from a largely ...
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ArticleEast Lothian Council reveals gender pay gap figures
East Lothian Council has published it annual gender pay gap report, and has revealed that the average hourly rate for male employees was £15.62 during 2020 compared to £14.90 for female staff – representing a median gender pay gap of 4.61%.Its mean gender pay gap is 3.01%, meaning that that ...
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Supplier articleHow Financial Worries Are Having A Negative Impact On Mental Health
As part of a new partnership with leading UK digital pay company, PayDashboard, 87% has been examining how users of its platform are affected by financial insecurity, especially in the light of Covid-19.Data from nearly 10,000 UK workers showed that over the last 12 months, 1 in 5 have seen ...
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ArticleKavitha’s keynote: Financial awareness is paramount
The pandemic has thrown many people’s finances into disarray, with some finding themselves unexpectedly being made redundant, while others at the end of their careers may be having to delay their retirement to save more money.While everyone’s situation is different, in these trying times what has become increasingly apparent is ...
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AnalysisHow are employers honing their financial wellbeing schemes to help staff weather the pandemic?
Need to know:Employers are moving away from purely educational financial wellbeing to pro-active interventions such as workplace savings schemes.Home working is driving a shift in the way financial wellbeing advice is provided.Despite the pandemic, financial wellbeing remains the Cinderella of employee wellbeing.The Covid-19 (Coronavirus) pandemic is shining a spotlight on ...
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OpinionKarleen Dowden: Employers must prioritise the financial wellbeing of employees
In March, the Chartered Institute of Personnel and Development's (CIPD) Reward management survey called on employers to recognise both the moral and business case for taking more responsibility for their employees’ financial wellbeing.The estimated cost of low financial wellbeing each year as a result of absenteeism and presenteeism is £1.56 ...
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Case StudiesHays supports the financial wellbeing of staff through the pandemic and beyond
Specialist recruitment group Hays offers a range of financial wellbeing benefits to help support its workforce through the pandemic and beyond.Rosemary Lemon, group head of reward, says: “Financial worries are one of the biggest causes of stress and this can affect how we feel emotionally, our mental wellbeing, and our ...
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Supplier articleKey areas employees should understand if they are made redundant
Latest reports from The Office for National Statistics[1] have indicated that in February 2021, the number of payroll employees had fallen by 693,000 over a 12 month period. It also showed that for November 2020 to January 2021, the estimated UK unemployment rate was 5.0%, this is 1.1 percentage points ...
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ArticleDB pensions still misunderstood by members
New research released by Hymans Robertson and employee engagement organisation Like Minds on defined benefits (DB) pensions has revealed workers lack confidence about making informed decisions at retirement, with more wanting greater levels of employer support.The study – which specifically focused on DB pensions members over the age of 55 ...
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ArticleGender pay gap the same as in 2018
Initial analysis of gender pay gap reporting submissions has found that – so far – the mean wage disparity at companies in 2020 was the same as in 2018, indicating little overall improvement.The study was carried out by the Chartered Institute of Personnel and Development (CIPD), and examined all submissions ...
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ArticlePensions changes in the new tax year
A new tax year has begun and employers should make sure their payroll, and other HR systems, have been updated to meet their legal responsibilities with regard to pensions changes that have arisen.One of the key developments introduced yesterday (6 April) was the rise in national minimum wage (NMW) and ...