All Financial wellbeing articles – Page 75
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ArticleOne in eight quit work due to ill-health
A new report by the Trades Union Congress (TUC) has revealed the extent to which employees are forced out of the workforce early due to ill-health and lack of employer support.The Ending working lives report, published today (12 March), has revealed one in eight (12%) employees have to cut short ...
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ArticleKavitha’s keynote: Choosing to challenge
You would have had to have been hiding under a rock to miss the fact that it was International Women’s Day at the beginning of this week (8 March). Celebrated across the globe, this year’s theme was about choosing to challenge, encouraging people to call out gender bias and inequality.At ...
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ArticleWorkers ‘desperate' for wellbeing support
Research from global health services company Cigna has revealed workers are in serious need of more employer wellbeing support, with two-thirds claiming they are ‘desperate’ for bosses to find ways to help them cope with life's challenges.The survey found that two-thirds (66%) of staff said they felt they were ‘always-on’, ...
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ArticleReport highlights huge gender pension gap
Research released by the Organisation for Economic Co-operation and Development (OECD) has revealed a signifcant gender pension gap, with women over the age of 65 receiving 26% less income than men from their pensions.The study, which combines datasets from around the world, also found that this difference has only decreased ...
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ArticleGender pay gap worsened by Covid-19
Research released to coincide with International Women’s Day today (8 March) has revealed the devastating impact Covid-19 (Coronavirus) has had on gender pay gaps.According to an analysis of hiring by global search engine Adzuna, job openings for women have suffered a year-on-year fall of 40.2% compared to those for men, ...
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ArticleNewham Council becomes living wage employer
Newham Council in east London has been officially recognised as a London living wage employer.The accreditation – given this week by the Living Wage Foundation – means all staff will receive at least the recommended £10.85 per hour.The council was also recognised for its ‘Community Wealth Building Pledge’ which insists ...
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ArticleEmployers not prioritising financial wellbeing
Despite the launch of the Covid-19 (Coronavirus) furlough scheme almost a year ago, and the well-documented financial pressures it is causing staff, research by the Chartered Institute of Personnel and Development (CIPD) has found less than half of organisations provided support for employees to deal with this.According to the results ...
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ArticleGo North West drivers to strike indefinitely
The long-running ‘fire and rehire’ dispute between bus drivers at Go North West and their bosses escalated further over the weekend, with the announcement staff would be staging indefinite strike action.More than 500 drivers walked out yesterday (28 February) over the increasingly bitter dispute, which involves firing the drivers and ...
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ArticleSainsbury’s gives employees thank-you bonus and pay rise
Employees at supermarket giant Sainsbury’s have twice as many reasons to feel happier this week after it was announced they would receive both a bonus and a pay rise.As a thank you to staff, the company is awarding a 3% annual bonus, which will mean the average full-time employee will ...
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ArticleWorkers did £24 billion in unpaid overtime during 2020
Number crunching by the Trades Union Congress (TUC) has revealed the extent to which Britons have put in unpaid overtime since the start of the Covid-19 (Coronavirus) pandemic.The data – released to coincide with Work Your Proper Hours Day today (26 February) – found that more than three million people ...
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ArticleWall's finds happiness more valued than pay
Something for the weekend: “My boss told me to have a good day. So I went home.” It’s an old joke but one employers might be heeding after Wall's research revealed that 78% of people believe happiness and wellbeing should be prioritised over money.The global survey of 12,500 people by ...
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ArticleBEIS records big rise in minimum wage avoidance
A report from the Department for Business, Energy and Industrial Strategy (BEIS), has revealed a huge rise in the number of organisations not paying their staff the minimum wage during 2019-20.According to the report, BEIS dealt with more than 3,500 enforcement cases – an increase of 27% from the previous ...
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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 ...