All Financial wellbeing articles – Page 75
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Case StudiesUniversity of Lincoln launches financial wellbeing website during Covid-19 pandemic
Financial education for employees has always been a top priority for the University of Lincoln. At the height of the Covid-19 (Coronavirus) pandemic, the organisation launched a new portal to ensure that employees have access to sources of financial education during this time of uncertainty.The website, Lifechoice, was launched in ...
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OpinionMatthew Connell: Employers have access to tools that support employee financial wellbeing
An employer’s relationship with its employee is an important one and goes beyond a focus on day-to-day work priorities. With the increased focus on health and wellbeing over recent years, it has meant this relationship is more important than ever.Building an open and trusting relationship where employees can feel comfortable ...
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AnalysisWhat support can be given to employees going through difficult financial times?
Need to know: The Covid-19 pandemic has placed many employees in difficult financial situations.Employers must break the stigma of financial wellbeing to communicate with their employees.Financial education and tools can support employees who are struggling with finances during this time.The Covid-19 (Coronavirus) pandemic has created an unprecedented amount of financial ...
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Article16% of employees are worried about their everyday finances
One in five (16%) UK employees are currently worried about their everyday finances (June/July 2020) compared to 28% in April 2020, according to research by Nudge.Its survey of 300,000 employees also found that the percentage of employees worrying about financial budgeting has also decreased, falling from 30% to 14% in ...
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Supplier article72% of employees want access to a workplace savings scheme
92% of employers would implement a workplace savings scheme 87% of employers say financial worries have a negative effect on an employee’s performance According to a recent survey[1], 72% of employees want their employers to offer a workplace savings scheme in addition to ...
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ArticleEXCLUSIVE: Goodlord sees 40% of employees engage with financial coaching
Lettings platform Goodlord has given its 100 employees access to a free financial coach, with 40% of employees booking an appointment within the first two weeks since the benefit was introduced in June 2020.The financial planning and coaching benefit, provided by Hatch, gives each employee a dedicated financial coach offering ...
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Supplier article78% say Covid-19 has made them realise they need savings to fall back on
74% of individuals say not having enough savings is now a big financial concern 73% of individuals want easily accessible savings According to a recent survey[1], three quarters of individuals say that the impact of the Covid-19 pandemic has made them realise the ...
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Supplier articleSmarterly announces rebrand to Cushon
New brand reflects company’s mission to help everyone in the UK get more comfortable with saving and investing Cushon is the first provider to offer a holistic and fully payroll-enabled savings proposition in the workplace Smarterly, the fintech workplace savings business, announces that ...
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Supplier articleBusy Bees Benefits: Is there an employee financial protection gap?
A study by the British Chambers of Commerce has found that over 43% of businesses have had employees absent from work for more than four weeks due to ill health. The British Chambers also found that more than 55% said that they would do everything within their power to assist ...
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Supplier articleFinancial wellbeing at EDF
Gethin Nadin, Director, Employee Well-beingA household name in the UK, EDF are the country’s largest producer of low-carbon electricity. With 12,000 UK employees across 25 sites including power stations and customer contact centers, they have a broad and diverse employee population to cater to when it comes to their employee ...
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Case StudiesColt Technology Services introduces wide-ranging support initiatives for employees
At the start of the global Covid-19 (Coronavirus) pandemic, telecommunications firm Colt Technology Services launched a range of initiatives to support its 5,000 employees. The organisation quickly realised that it had within its means ways of assisting its employees through a hugely challenging time.Rob Green, vice president of reward, says: ...
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Case StudiesSevern Trent Water focuses on health and wellbeing benefits during Covid-19 pandemic and beyond
Water supplier Severn Trent Water is putting the health and wellbeing of its 6,786 employees at the forefront of its strategy during the Covid-19 (Coronavirus) pandemic.The organisation has a digital GP service in place, but did not want to see the usage of this service rise, and looked at preventive ...
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ArticleEileen Donnelly: How financial security can impact our wellbeing
Financial security - being and feeling able to make ends meet - is one of the key aspects of a good job and a driver to workplace wellbeing.Which employees are more at risk?While over half of UK households in poverty have at least one person in the household in employment, ...
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ArticleEXCLUSIVE: 33% of employers offer season travel loans to employees
EXCLUSIVE: One third (33%) of employers offer season ticket travel loans to support the financial wellbeing of its employees.The Employee Benefits research 2020, published in May 2020, which surveyed 269 HR decision-makers, also found that a further 33% offer some sort of financial education.Season ticket travel loans remain one of ...
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Article34% of employers do not offer financial support for seriously ill staff
A third (34%) of employers do not provide financial support if employees are diagnosed with a serious illness such as cancer, according to research by Group Risk Development (GRiD).The research, published June 2020, which surveyed 500 human resources decision-makers, also found that just under one in ten (9%) believe that ...
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AnalysisWhere do the parameters of employers' responsibility to wellbeing lie?
Need to know: We live in a very open age, but employers must still tread carefully when it comes to employees’ personal lives.Physical, mental and financial wellbeing is all-important to employees' productivity and they will be looking to employers to help in the midst of the Covid-19 (Coronavirus) pandemic.Employers ...
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Supplier article6 creative & high-impact ways to support employees financially during COVID-19
As many households shoulder the burden of reduced income and companies cancel or postpone their annual remuneration review or bonus schemes, it’s no wonder that financial security tops the list of issues employees are concerned about.Recently, the Office of National Statistics reported nearly 1 in 4 adults have said the ...
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Supplier articleA guide for financial services organisations to connect, support and recognise employees
When faced with an ever-changing situation such as COVID-19, employers need to act quickly to reassure their employees and deliver important information, whenever and however they are working.Now, more than ever, HR leaders should look for new ways to connect, support and recognise their people, in meaningful ways.Click here for ...
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Supplier articleSteps employers can take to help employees retiring in turbulent times
The turbulent markets we are experiencing at the moment are concerning for everyone, but especially for employees who are in a defined contribution (DC) pension scheme and looking to retire. Whilst retirement planning is important regardless of the climate, it is particularly crucial when stock markets are volatile. Therefore, employers ...
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Supplier articleWorkplace savings – making employees feel financially secure during uncertain times
The unprecedented times we’re currently going through means that many employees will be facing some sort of organisational change; whether they’re being furloughed or in some cases facing redundancy. It’s a tough and frightening time for employees to be faced with these prospects, and no doubt, you ...