All Financial wellbeing articles – Page 76
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OpinionLovewell's logic: The economic impact of Covid-19 continues to bite
When looking for inspiration for topics for my weekly blog, I often look back over the news we have covered that week. Unsurprisingly, our headlines this week have been dominated by pay issues, be these about employers that have awarded pay increases or appreciation bonuses to front-line or key workers ...
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Case StudiesSainsbury Family Charitable Trusts revamps financial support
Sainsbury Family Charitable Trusts (SFCT) has restructured its internal communications platform to help support the financial wellbeing of its employees during the Covid-19 (Coronavirus) pandemic. The online platform, which was initially introduced in January 2020, was originally created to give employees about business updates, as well as the opportunity to ...
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OpinionDan Lucy: Employers can support the financial wellbeing of employees during Covid-19 crisis
Covid-19 (Coronavirus) is turning all our worlds upside down right now and that is no less true of the world of work. Regrettable job losses sit alongside staff being furloughed now or possibly in the future. Much has been said and written on how employers can protect and support employees’ ...
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AnalysisHow can employers reposition benefits to offer financial wellbeing support to staff?
Need to know:Introducing financial education can drastically improve financial wellbeingReinventing benefits to offer financial support can aid employees with financial constraintsFinancial benefits need to be communicated in the right way to increase the chances of effectivenessThe financial wellbeing of employees has become a key priority for many employers. A study ...
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ArticleGovernment job retention scheme extended to support new staff
Newly hired employees may now be eligible to receive support through the government's Covid-19 (Coronavirus) job retention scheme.The government's new guidelines, published on 15 April 2020, extend the eligibility date by a further three weeks, enabling employees who were employed on or before 19 March 2020 to receive financial support. ...
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OpinionCoronavirus: The view from the market
As the world of work adapts to a new normal, Employee Benefits has collected thought leadership, advice and commentary from across the market, to help readers make sense of the challenges ahead.Maintaining wellbeingAveril Leimon, executive coach at White Water Group: "Self care is vital; this is not the time to ...
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ArticleUS sporting institutions to support stadium staff with Coronavirus relief funds
In response to the Covid-19 (Coronavirus) pandemic, several US sporting institutions have pledged to support part-time stadium employees financially, as the crisis has caused economic uncertainty for many individuals working in the sporting industry.On Tuesday 17 March 2020, Minnesota-based basketball teams the Timberwolves and the Lynx, led by owner Glenn ...
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ArticleSalary Finance acquires financial wellbeing platform Neyber
Workplace finance platform Salary Finance has acquired competitor Neyber in a deal completed on 9 March 2020.As part of a pre-pack administration, Neyber's assets have been acquired by Salary Finance, and staff transitioned under Transfer of Undertakings (Protection of Employment) Regulations (Tupe). Pre-pack administration allows for the sale of a ...
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ArticleEXCLUSIVE: Three-quarters of employers feel responsible for staff mental wellbeing
EXCLUSIVE: Three-quarters (75%) of employers feel it is their responsibility to support employee mental wellbeing, according to new research by Group Risk Development (Grid).The survey of 1,165 employees and 500 HR decision-makers, which took place in January 2020, also found that just under half (49%) of employees agreed that the ...
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ArticleMore than a quarter of Bupa employees enroll in flexible pay benefit
As of early February 2020, more than a quarter (27%) of employees at healthcare organisation Bupa had enrolled in the employer's flexible pay benefit.The service, provided by Wagestream, was launched in December 2019, with the goal of helping staff meet costs in the run-up to Christmas. Since then, a quarter ...
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ArticleEXCLUSIVE: Future-proofing financial wellbeing at Employee Benefits Connect 2020
EXCLUSIVE: Zarina Sahni, head of insights at Salary Finance, will bring delegates together to discuss how financial wellbeing can enhance existing initiatives at Employee Benefits Connect 2020.Sahni's huddle sessions, titled 'Futureproofing financial wellbeing', will take place throughout the one-day conference event, and will aim to delve into a number of ...
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ArticleHalf want employers to offer more financial wellbeing support
Half (50%) of employees want their organisations to offer more guidance around improving their financial situation, according to research by Wills Towers Watson.The research, which surveyed 40,000 employees at medium and large private sector organisations across 27 countries between July and September 2019, also found that 62% of employees have ...
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AnalysisHow can employers support the unseen issues in financial wellbeing?
Need to know: A wide range of financial issues that many employees struggle with often go unnoticed at work. Employers must find a way to tackle the taboo of discussing financial issues among their workforce if they are to understand the needs of employees. Employee surveys and constant ...
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Case StudiesEpson Europe supports financial wellbeing with coaching benefit
Epson Europe BV introduced a financial coaching benefit in order to support the financial wellbeing of its UK-based employees.Epson views financial wellbeing as being an important part of employees' total wellbeing. Working with consultancy, Secondsight, the organisation challenged how it could not only provide benefits, but also have a meaningful ...
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OpinionSian Fisher: What are the unseen issues affecting financial wellbeing?
Talk and action to tackle the gender pay gap is headline news, but as chief executive officer (CEO) of the Chartered Insurance Institute (CII) and chair of the Insuring Women’s Futures initiative, I am aware there are many more unseen issues facing female financial wellbeing.Insuring Women’s Futures is a programme ...
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ArticleEXCLUSIVE: Only 13% of business leaders see staff financial wellbeing as a priority
Only 13% of employers include employee financial wellbeing as a top leadership priority, and just 4% see it as a top priority for HR, according to research by Neyber.The 2019/2020 DNA of financial wellbeing report, which surveyed 11,000 employees and 270 employers, also found that, although 73% of organisations had ...
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Supplier article6 steps employers can take to help employees who are retiring in 2020
The New Year is the perfect time for employees to take stock of their finances and those who are approaching retirement will have a number of decisions to make given the freedom and choice in pensions. Many will turn to their workplace for support with this. Therefore WEALTH at work ...
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Supplier articleWhat is the Best Time to Look for a New Job?
We love to eat ice-creams in the summer heat and a hot coffee in the cold winter days. There is a specific season for everything. Yes, the same rule applies to the job-hunting process as well. There are millions of people who are looking for a new job, or they ...
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ArticleCoco di Mama rolls out flexible pay benefit for 270 employees
Italian-inspired food and drink chain Coco di Mama is rolling out a flexible pay benefit that will allow all of its 270 employees, working across 23 cafes, to access their wages ahead of their scheduled paydays. Coco di Mama has been trialling the flexible pay app, provided by Wagestream, since ...
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ArticleEXCLUSIVE: 37% of employers provide financial education to all employees
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 ...