All Financial wellbeing articles – Page 79
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AnalysisHow to create a savings culture in the workplace
Need to know:Offering money management tools, and even numeracy workshops, can help employees get out of debt and build up to saving.Financial wellbeing strategies should address all employee needs, from everyday costs to long-term investments, as well as being part of a holistic approach to wellness.Without a strong foundation of ...
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OpinionMichael Spiers: Financial wellbeing is not about winning the lottery
Dominating the front pages one week in August was the story of an Amazon worker who scooped a lottery win of £10,000 per month for the next 30 years; this is the so-called Set For Life prize, providing financial certainty and security that most can only dream about. Indeed, it ...
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AnalysisSavings stress: Financial wellness in numbers
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Case StudiesCurtins integrates financial support into its benefits programme
Curtins is a professional services firm that provides civil and structural engineering, transport planning and environmental design and consultancy advice. It operates from 14 locations across the UK and Ireland, and employs 440 staff.The organisation aims to promote a strong culture and values, with a significant focus on caring for ...
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ArticleRoadchef launches flexible pay benefit for 3,300 UK employees
Motorway service area operator Roadchef has launched a benefit allowing its 3,300 UK employees to access their wages throughout the month, in an effort to reduce reliance on overdrafts and payday loans.The new benefit, provided by Wagestream, offers staff the opportunity to use a mobile app to access and withdraw ...
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AnalysisTop tips on using workplace interventions to boost pensions engagement
Need to know: Workplace interventions can make pensions engaging, interesting and even fun for employees who might not have thought about them previously.Combining group and one-to-one sessions, as well as open dialogue with the audience, can ensure a wide range of employees are catered for.Marketing techniques, such as attention-grabbing events, ...
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Case StudiesHachette uses workplace event to engage younger staff with pension contributions
On 28 November 2018, London-based publisher Hachette undertook a workplace event aimed at getting the 930 employees in its Victoria Embankment office enthused about their pensions. This is particularly important as, with a workforce predominantly aged between 25 and 40, it can be difficult to engage staff with a topic ...
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OpinionMichael Royce: How can employers help staff improve financial capability?
Employers play an increasingly important role in supporting the financial wellbeing of their people, both through the success of pensions auto-enrolment and by providing schemes such as season ticket loans and childcare vouchers.Figures from Neyber’s The DNA of financial wellbeing report, published in May 2016, estimate that money worries cost ...
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Supplier articleEmployee benefits: the start of your financial wellbeing strategy
Gethin Nadin, Director of Employee Wellbeing, BenefexIt’s now common knowledge among HR and Reward professionals that almost all employees and their work are negatively affected by money worries. Despite this, almost half of employers have yet to roll out a financial wellbeing strategy.For most of us, money is synonymous with ...
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OpinionRachel Clift: How to support employees with money worries
We are currently living in uncertain times, with austerity and the constant pressure of cost saving taking its toll.UK household debt has hit a record high at £428 billion, according to figures published in January 2019 by the Trades Union Congress (TUC). With an average total debt per household of ...
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AnalysisHow should financial wellbeing approaches change during an employee’s journey?
Need to know:A multi-generational workforce will have myriad financial challenges, including home ownership, childcare and retirement savings, so it is important that employers address these issues within a flexible approach to financial wellbeing.Financial goals and life stages may not be clearly delineated by age, and employers should avoid assumptions.Life events, ...
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ArticleDebbie Lovewell-Tuck: Reflecting on financial wellness
As our Financial Wellness Week, in association with Aon, draws to a close, it is time to reflect on some of the trends and issues currently shaping this area of the benefits market.Not so long ago, I can remember writing about workplace savings platforms; at the time, a new benefits ...
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Case StudiesAnglian Water provides for financial wellbeing across varied life stages
Utilities organisation Anglian Water has approximately 5,000 employees in the UK, half of whom are based across its main office locations, with the remaining half working operationally around the country.With such a varied workforce demographic, which also spans numerous generations, it is important that the organisation’s financial wellbeing support can ...
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OpinionMartin Parish: Money under the mattress - why support financial wellbeing
Although stashing money under the mattress is, we hope, a thing of the past, the legacy of bad money management continues. The Money Advice Service (MAS) estimates that four in 10 people in the UK have poor financial capability, meaning they cannot manage their money day-to-day, nor handle periods of ...
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Supplier articleThe Wonderful World of Financial Products
Navigating the vast array of financial products available nowadays can be a mind-boggling experience. Not only is the sheer choice often overwhelming, but there are many potential pitfalls to avoid along the way. All too often, financial products are marketed heavily and come with a ‘hard sell’. Consumers may end ...
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Supplier articlePensions dashboards enters a new phase
Chris Curry appointed as Principal of the Pensions Dashboard Industry Delivery GroupAs the Pensions Dashboards project moves forward and, in particular, standards are set for data, will employers and their pension providers be ready to provide all the requisite data within the required timescales?Furthermore, will employees be able to understand ...
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ArticleSeven in 10 employees are not actively engaged with their workplace pension
More than seven in 10 (72%) employee respondents are not actively engaged with their workplace pension, according to research by Atlas Master Trust, part of Capita.Its Why engagement needs a reality check white paper, which surveyed 200 pension managers, 200 senior finance professionals, 100 senior HR professionals and 2,000 employees, ...
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Supplier articleBack to School!
September is upon us, the long summer holidays are over, and so we start the new academic year with great enthusiasm and drive in our vision for people of all ages to learn how to get to grips with their money. We believe a critical part of our work is ...
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Supplier article
Employer Benefits - The Value of Greater Employee Financial Wellbeing
Increasingly, UK employers are acknowledging the link between employees’ wellbeing and their performance at work. In fact, research carried out by the University of Warwick showed that happy employees are 12% more productive than the ‘average’ employee[1].Conversely, stress is now the number one work-related health problem, leading to an estimated ...
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ArticleOne in 10 employees at Community Medical Centers utilise payroll loans
Approximately 10% of the 6,800 US-based staff employed by private, non-profit healthcare network Community Medical Centers (CMC) have utilised the organisation’s payroll loan benefit since its introduction in July 2018.CMC implemented the payroll loan benefit, provided by Kashable, in July 2018 as part of its voluntary benefits provision, which is ...