All Financial wellbeing articles – Page 76
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ArticlePay increases hit by falling employer confidence
Data published by XpertHR today (18 February) has found average pay increases are struggling, with pay freezes the more likely outcome facing many employees.The analysis of data for the three months to end of January revealed the median basic pay award was just 1%, while pay freezes accounted for a ...
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ArticleHarrogate Council becomes living wage employer
Harrogate Borough Council will now become a living wage employer, after a last-minute amendment to its annual budget was approved by councilors.The amendment was proposed by councillor Philip Broadbank, after learning existing budget plans would see some employees working on what he called “poverty pay,” - potentially forcing many to ...
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ArticleDelta Security Management to pay living wage
Security guard firm Delta Security Management has become the latest organisation to be recognised as a living wage employer.Accredited by the Living Wage Foundation, the company based in Crawley, West Sussex, will now pay its 10 full-time and four part-time staff at least £9.30 per hour. This is the outside-London ...
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ArticleBritish Gas workers strike over changes to pay and conditions
More than 7,000 workers at British Gas have staged the first of three planned four-day strikes today in protest over its ‘fire and rehire’ policy that sees staff having to accept pay cuts and cuts to benefits.According to the GMB union, which is coordinating the strikes, British Gas owner Centrica ...
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Supplier articleGetting leadership on board with your DEI programme
If we were to do a poll of the steps most likely to be taken by businesses to address an equality challenge, I would guess that unconscious bias/cultural awareness training, graduate recruitment, and having a related employee resource group would come somewhere near the top. I’m right, aren’t I?The irony ...
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Supplier articleHow to support employee mental wellbeing with employee benefits
No doubt a key priority for HR in 2021 is to support employee mental wellbeing.Indeed, HR knows first-hand the effects of the pandemic on mental health, with a reported 70% increase in the stress-related absence in 2020 among HR professionals in the UK.In helping support employees with their mental wellbeing, ...
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ArticleKavitha’s keynote: The proof is in the pay packet
Last week, I mentioned that many employers had been forced to make tough decisions in order to stay in business as a result of Covid-19 (Coronavirus), including reducing the pay packet of individuals at their organisations and consequently pushing some staff into serious financial difficulty.Indeed, as we reported earlier this ...
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ArticleBus drivers vote to strike over fire and rehire plans
Bus drivers working for Manchester-based operator Go North West have overwhelmingly voted to strike over claims its ‘fire and rehire’ policy will leave them worse off.The vote for industrial action comes after the Go North West sent ‘notice of termination of your employment’ letters to workers, asking them to rejoin ...
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ArticleGovernment suspends pay gap reporting enforcement
The government appears to have indicated it is suspending enforcement of gender pay gap reporting for this year.In a BBC news report on Tuesday 9 February, Gillian Keegan MP, minister for Apprenticeships and Skills, confirmed that while it would be "encouraging" employers to continue filing their gender pay gap reports, ...
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Article67% of employees on low pay see salary cut due to pandemic
More than two-thirds (67%) of full-time, below-living-wage employees said their pay had been lowered for reasons related to the pandemic over the past year, according to a new report by The Living Wage Foundation.Life On Low Pay, a new report by The Living Wage Foundation, has revealed the depressing plight ...
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ArticleEmployees unaware of basic pension facts
Research by consumer watchdog Which? has found most employees are still in the dark about the most basic of pension facts – even though greater numbers do know how they can cash their pension pots in.The poll, conducted among 2,000 workers, revealed that only 38% could correctly identify 55 as ...
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Article100,000 NHS staff now have early access to wages
More than 100,000 NHS staff across seven trusts are now able to have early access to their earned and extra shifts pay, after they joined Allocate Instant Pay by Wagestream.The deal means workers at trusts including Chelsea & Westminster Hospital, Gloucestershire Hospitals NHS Trust, Liverpool Heart & Chest Hospital and ...
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ArticleCare home staff risk lives without proper sick pay
Care home workers are putting residents' lives at risk by being forced to work because they are still not given full pay when they are ill.Trade union Unison reported that it had been contacted by numerous staff who say they are only offered statutory sick pay (£96 per week) instead ...
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Supplier articlePension scams rife almost one year on from when Covid-19 first struck
How to protect pension scheme membersThese uncertain times are often seen as a window of opportunity for scammers looking to prey on vulnerable individuals, with a recent report by Action Fraud finding that pension scams had become one of the most common types of fraud to occur last year. In ...
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ArticleFinancial impact of pandemic worst for low-paid workers
Research by the Trades Union Congress (TUC) into household income reductions caused by Covid-19 (Coronavirus) has revealed low-paid workers have suffered the most, with half having experience a loss of income during the pandemic, compared to 29% of high earners.Commissioned as part of its submission to government about what next ...
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Supplier articleAbsence management: how to better equip your line managers
By Tracey Ward, Head of Business Development and Marketing at Generali UK Employee BenefitsThe 1st February marks #NationalSickieDay; arguably not something worthy of celebration. But it does help highlight a problem; one that has shown a marked resurgence recently. So, this day could be seen as a useful reminder on ...
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ArticleBank of America rolls out thank-you awards
A Bank of America memo has revealed staff at the organisation received enhanced pay and shares perks as a thank-you for their efforts during 2020.Coming on the back of its full-year financial results, chairman and chief executive Brian Moynihan told staff: “Teammates were called upon to address unprecedented challenges." He ...
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Supplier articleSupporting Mental Health at Work
Time to Talk Day 2021 will be held on Thursday 4 February, and aims to increase conversations about mental health and wellbeing. According to Time to Change, even small conversations about mental health have the power to make a big difference, and employers should encourage discussion within the workplace.It goes ...
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ArticleStena U-turns on sick pay cuts
Ferry company Stena has bowed to pressure, announcing an improved sick pay policy for staff that substantially improves upon what was originally put forward last November.Its pre-Christmas proposal would have put workers on £95.85 per week statutory sick pay (SSP) for the first to fifth week of illness, before moving ...
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ArticleKavitha’s keynote: Employee appreciation has never been more important
As the effects of the Covid-19 (Coronavirus) pandemic continue to be felt across the world, many employers are being forced to furlough staff, reduce pay or implement job cuts in a bid to stay in business.Meanwhile, it is likely that remaining employees at these organisations are facing personal struggles of ...