All Financial wellbeing articles – Page 76

  • financial-education-pinned
    Article

    EXCLUSIVE: 37% of employers provide financial education to all employees

    2019-12-20T09:00:51Z

    EXCLUSIVE: The proportion of organisations that provide financial education for all employees has changed little since the research was conducted in 2018, going from 36% to 37% this year, according to research by Employee Benefits.The Employee Benefits/Wealth at Work Pensions research 2019, which was conducted during October 2019 among 135 ...

  • retirement-support-pinned
    Article

    EXCLUSIVE: Majority of employers use in-house teams to provide at-retirement support

    2019-12-19T16:00:32Z

    EXCLUSIVE: Despite the increased sense that it is a pension provider’s responsibility, the primary source of at-retirement support continues to be HR, benefits, reward, and learning and development teams (34%), and in-house pensions teams (13%), according to research by Employee Benefits.The Employee Benefits/Wealth at Work Pensions research 2019, which was ...

  • aberdeen
    Article

    Employees in Aberdeen, Hull and Edinburgh are the richest in the UK

    2019-12-19T10:27:53Z

    Employees who live and work in Aberdeen, Hull and Edinburgh are among the richest in the UK, according to research by CV Library.The study compared the basic living costs against average salaries for UK professionals in 18 of the UK’s key cities from July 2019 to 20 October 2019. It ...

  • retirement-pinned
    Article

    EXCLUSIVE: Almost half of employers offer at-retirement support

    2019-12-17T15:00:28Z

    EXCLUSIVE: The value of providing at-retirement support is becoming gradually more apparent to employers, with 46% of HR decision-makers stating that their organisation helps staff with this life stage in 2019, compared to 39% of employers in 2018 and 40% in 2017, according to research by Employee Benefits.This increasing interest ...

  • financial-habits
    Article

    Nine in 10 say employers should support all aspects of staff financial wellbeing

    2019-12-17T10:48:21Z

    Almost nine in 10 (88%) senior HR professional believe it is an employer’s responsibility to provide support on all aspects of staff financial wellbeing, according to research by Smarterly.The research, published in December 2019, surveyed 250 HR professionals within organisations with 300 or more employees. It also found that almost ...

  • thomsons-infograhic-171219
    Supplier article

    Infographic: Supporting your employees with their financial wellbeing

    2019-12-17T09:29:36Z

    29% of your employees losing sleep over how to save for the future.Your employees are at different stages along the financial wellbeing pathway. Some may be struggling to balance their spending with their earnings, while others may be close to achieving financial freedom.Whatever their financial situation, they are all looking ...

  • salary-finance-logo
    Supplier article

    What role does gender play in financial wellbeing?

    2019-12-17T09:13:44Z

    The Employer’s Guide to Financial Wellbeing 2019-20 is the second annual survey of UK employees. The guide highlighted some striking differences between men and women’s financial wellbeing. When it comes to low financial wellbeing, on the surface it appears that women are impacted far more than men - 41% ...

  • ovo energy
    Case Studies

    The benefits offered by Ovo Energy

    2019-12-17T06:15:23Z

    The benefits offered by Ovo Energy:Pensions and protectionDefined contribution (DC) group personal pension (GPP) for all employees with a 5% matched contribution from the employer.Critical illness insurance, available to all employees through a flexible benefits plan.Healthcare and wellbeingPrivate medical insurance is provided to senior leadership on an employer-paid basis. Eligible ...

  • Jo-Fairweather-1
    Case Studies

    Ovo Energy targets employee financial wellbeing with benefits strategy

    2019-12-17T06:00:27Z

    Utilities provider Ovo Energy has experienced a sharp growth trajectory over the 10 years it has been operating, and as such, has created a benefits strategy that can both meet the needs of a fairly young workforce, while also supporting a talent management strategy that focuses on attracting and retaining ...

  • stephen pattrick newcross healthcare
    Article

    Newcross Healthcare rolls out flexible pay benefit to 8,000 health workers

    2019-12-16T11:29:45Z

    Healthcare organisation Newcross Healthcare is rolling out a flexible pay benefit that will allow 8,000 health workers among its 9,000-strong workforce to access their pay as it is earned, rather than waiting for a monthly pay date. Newcross Healthcare has been trialling the new Flexi Pay benefit for the past ...

  • festive trends
    Analysis

    Festive trends: The new year in numbers

    2019-12-12T06:20:17Z

    !function(e,i,n,s){var t="InfogramEmbeds",d=e.getElementsByTagName("script")[0];if(window[t]&&window[t].initialized)window[t].process&&window[t].process();else if(!e.getElementById(n)){var o=e.createElement("script");o.async=1,o.id=n,o.src="https://e.infogram.com/js/dist/embed-loader-min.js",d.parentNode.insertBefore(o,d)}}(document,0,"infogram-async");Read more...New year’s resolutions: How to ensure a strong start to 2020Karen Thomson: Fostering diversity and inclusion in the year ahead

  • guidance decisions pension freedoms
    Article

    EXCLUSIVE: 26% want guidance on retirement decisions due to pension freedoms

    2019-12-11T09:00:55Z

    EXCLUSIVE: The pension freedoms, introduced in April 2015, gave many employees increased choice around how and when to access their pension. However, with more choice and flexibility has come a greater need for guidance around retirement savings.This year, 26% of respondents have found that more employees want guidance around decisions ...

  • 2020 benefits strategy
    Analysis

    Key dates to incorporate into 2020 benefits strategy

    2019-12-10T06:10:52Z

    Need to know:There are many awareness days that can be used as a framework for benefits strategy. Rather than choosing dates to focus on, though, employers should determine the important values for the business first.April 2020 will see key legislative changes that employers should also consider and prepare for.Some dates ...

  • James-Herbert
    Article

    Eight in ten employees face financial difficulty in January due to early December payday

    2019-12-09T11:51:12Z

    Eight in ten (82%) UK employees find that getting paid early in December has a negative financial impact in January, according to research by Hastee.Its Christmas research report which canvassed 1,000 employees across the UK and Ireland in November 2019, found that 78% have to use some form of credit ...

  • debbie-lovewell-tuck-1
    Opinion

    Lovewell's logic: The most wonderful time of the year...?

    2019-12-06T06:00:19Z

    It’s the most wonderful time of the year… or is it? While many of us, myself included, are now fully embracing the festive season, decorating our homes, shopping for gifts and making plans to spend time with family and friends, for others, this can be a time of year to ...

  • change-tracks
    Analysis

    Are employers entering a new era of pay strategies?

    2019-11-28T06:10:57Z

    Need to know:Where workplace loans and savings vehicles help to reduce high-interest lending, flexible paydays and wage streaming can aid employees with their day-to-day finances.Concerns about increased frivolous spending should be heeded, but if implemented correctly, alternative pay strategies can, in fact, help promote positive behaviours.Employers should be wary of ...

  • Slug and Lettuce stonegate pubs
    Case Studies

    Stonegate Pubs provides flexible pay to give employees control over financial health

    2019-11-28T06:05:05Z

    Pub management organisation Stonegate Pubs, which operates 770 pubs and bars across the UK, including brands such as Slug and Lettuce, and Walkabout, has 15,000 employees overall, 12,000 of whom are paid on an hourly rate. Roles include bar staff, kitchen staff, salaried management and a 450-strong central support team.Making ...

  • charlotte-gibb-bitc
    Opinion

    Charlotte Gibb: Financial wellbeing benefits that work for everyone

    2019-11-28T06:00:18Z

    Work has historically been positioned as the route out of poverty; however, with increased job insecurity and the gig economy, employment no longer comes with the guarantee of financial security.Mental health at work 2019: Time to take ownership, published in October 2019 by Business in the Community (BITC) in partnership ...

  • salary-finance-logo
    Supplier article

    Absenteeism and financial wellbeing

    2019-11-11T12:36:45Z

    Those who have money worries are taking, on average, at least one sick day a year to deal with their money worries. Research published in The Employer’s Guide to Financial Wellbeing 2019-20 shows that 36% of UK employees are worried about money. That means that 360 people out of every ...

  • salary-finance-logo
    Supplier article

    Why budgeting is not a problem for UK employees

    2019-11-11T12:34:27Z

    People who have low financial wellbeing do know how to budget. Research published in The Employer’s Guide to Financial Wellbeing 2019-20 shows that only 5% of people with low financial wellbeing don’t know how to budget and less than 5% don’t think about budgeting. So if budgeting is not a ...