All Financial wellbeing articles – Page 78
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Supplier articleA guide to budgeting for employee benefits
Many of us, businesses as well as individuals, are tightening the purse strings in response to the changing economic environment we now find ourselves in.As a result, providing an employee benefits package that will genuinely make a positive difference for your employees and help you meet your HR objectives is ...
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Supplier articleWEALTH at work listed as one of the ‘1000 companies to Inspire Britain’ 2020
WEALTH at work has once again been acknowledged as one of the 1000 Companies to Inspire Britain by the London Stock Exchange Group. The report recognises the UK’s fastest-growing and most dynamic small and medium sized businesses, highlighting the regional and sector diversity of the UK’s SMEs and the entrepreneurial ...
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Supplier article3 Crucial Reflections for Financial Wellbeing
When considering financial wellbeing benefits, you must consider the effect that age can have on the suitability of the benefits offered - the financial worries an individual may have can be affected by financial targets and where they are in life.The three reflections reward managers should think about when providing ...
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Case StudiesSir Robert McAlpine builds on its future-proofed reward strategy with a family focus
As a construction and civil engineering business with a history spanning over 150 years, family-friendly benefits may not be an obvious thing that springs to mind when considering Sir Robert McAlpine’s reward strategy. However, as a family-owned and run organisation, the employer recognises the importance of providing support and assistance ...
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ArticleKeep up to date with the Spending Review 2020
Chancellor Rishi Sunak will deliver his Spending Review speech on Wednesday 25 November 2020.He is expected to provide information on further plans to stabilise the UK economy and help organisations deal with the financial ramifications of the Covid-19 (Coronavirus) pandemic.Stay tuned to the Employee Benefits website for all the latest ...
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Supplier articleIs your business ready for the world of work post-Covid?
We live in extraordinary times, with an unheard-of level of change being forced upon us all. In less than six months COVID-19 has redefined how we travel, shop, socialise and just as dramatically how we communicate and interact in the world of work.With 300 million virtual meetings a day now ...
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Supplier article3 ways to improve retention with employee benefits
Building a happy, high-performing and strong team starts with employee retention. Investing time, effort and resources into building a working environment employees love is one of the keys to long-term success.Part of that is having employee benefits in place that resonate with your staff. It’s your company’s chance to offer ...
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AnalysisEmployee Benefits – A Cost-Benefit Analysis
We are often asked at Xexec about how to justify and measure the costs of running a company-wide, national, or global employee benefits scheme. The answer we often give is that there are many ways to skin a cat! But the truth is, that each client we ...
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Supplier articleBusy Bees Benefits: How to Build a Financial Wellbeing Strategy
When considering employee welfare, financial wellbeing is an integral part of any wellbeing strategy. However, with many workplaces becoming increasingly multi-generational, it is important that you ensure your financial wellbeing strategy supports every individual within your business.Have an inclusive approach to your wellbeing strategy by:Researching your employee’s individual needsProviding financial ...
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ArticleCapita gives 45,000 employees early access to pay
Professional services and business process outsourcing organisation Capita has introduced a personal finance app to support the financial wellbeing of its 45,000 employees.The organisation, which partnered with financial wellbeing app Level, will give employees the chance to access their pay early. In the coming weeks, UK employees at Capita will ...
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Supplier articleBusy Bees Benefits: Ensuring success as an SME
Before COVID-19, the statistics found that more than half of the year’s new SMEs would close within three years. Following the coronavirus pandemic, these statistics are likely to be even higher.So what is it that makes a business successful? It takes more than hard work and a little luck – ...
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Supplier articleHow COVID-19 Will Change the Future of Work and Benefits
One of the keys to creating the right working environment is keeping up to date with the latest working trends and how the world of work is changing.Adaptability is more important than ever before, as is the need to understand what employees now want from their role and their working ...
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ArticleDevon Air Ambulance provides flexible pay benefit for 135 staff
Emergency medical service Devon Air Ambulance is giving its 135 employees early access to their pay to avoid financial hardship throughout the Covid-19 (Coronavirus) pandemic.The organisation, which has partnered with income streaming platform Hastee, is giving its employees the opportunity to withdraw up to 25% of their pay, as and ...
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Supplier articleFinancial wellbeing in times of turmoil
Gethin Nadin, Director, Employee Wellbeing, BenefexFor many years now, employees have been asking their employer for guidance around their own financial wellbeing. As we continue to fight the unforeseen consequences of Coronavirus, the future of our economy is looking unstable at best. Our Digital Watercooler session covers this potentially tough ...
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Supplier articleFinancial wellbeing: how does your mind work?
We have all experienced that moment where we sit back and think, “Why did I buy this?” It doesn’t matter what “it” is or in what form this question appears. We’re all familiar with it. Other questions we might ask, are “Why did I buy this, and ...
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Supplier articleAre your employees facing a reduced household income?
Making your financial wellbeing strategy count in difficult timesThere have been many recent redundancy announcements and even with the new job support scheme, it sadly seems inevitable that more will be announced over the coming months.Of those who have a job, many are learning to cope with a reduction in ...
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ArticleEXCLUSIVE: NHS organisations offer a multi-faceted financial wellbeing approach
Employee Benefits Reset 2020: As one of the largest employers in Europe, with 1.5 million employees across multiple organisations, the NHS recognises the importance of making sure that financial wellbeing is a key component of the reward strategy.Speaking as part of Employee Benefits Reset 2020 online conference series, Cat Clark, ...
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Supplier articleDo employees understand what they need to know about retiring in a crisis?
There is no doubt that COVID-19 has impacted the financial lives of many people, especially those planning to retire or those who find themselves facing an unplanned early retirement.Latest research from the Centre for Ageing Better and Learning and Work Institute estimates that over a quarter of a million (377,000) ...
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Supplier articleMaximising your benefits financing in the new world
As we begin to realise the long-term financial cost and impact of Covid-19, there is a strong consensus from global HR and Reward leaders that our employee benefits financing will be shaken up. At the very least, most organisations are expecting budget cuts, so pay rises and bonuses will be ...
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ArticleEXCLUSIVE: NHS Employers to discuss financial wellbeing at EB Reset 2020
EXCLUSIVE: Catriona Clark, reward programme manager at NHS Employers, will discuss how businesses can commit to financial wellbeing support for their employees at Employee Benefits Reset 2020.The strategy session titled ‘Supporting staff with financial wellbeing' will take place at 10am on Tuesday 13 October in the first ever Employee Benefits ...