All Financial wellbeing articles – Page 79
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Supplier articleMaking the most of redundancy pay
The Government’s Coronavirus Job Retention Scheme comes to an end on 31 October 2020 in which a third of the UK workforce were furloughed. Given the global impact of the coronavirus crisis along with many recent redundancy announcements, it is an inevitable and an unfortunate fact that more redundancies are ...
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Supplier articleEmployees need to understand how to make the most of their redundancy pay
The Government’s Coronavirus Job Retention Scheme comes to an end on 31 October 2020 in which a third of the UK workforce were furloughed. Given the global impact of the coronavirus crisis along with many recent redundancy announcements, it is an inevitable and an unfortunate fact that more redundancies are ...
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Supplier articleWhy Relevant Life Cover is Essential For SME’s
Many SMEs would love to offer their employees financial support such as life insurance, however sometimes setting up a group scheme may not be the best option – especially if you don’t have many employees.What is relevant life cover? Relevant life cover is a life insurance policy that allows you ...
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Article67% of employees want more financial wellbeing support from their employers
Just over two-thirds (67%) of employees feel unsupported by their organisation when it comes to financial wellbeing, according to research by Nudge Global.Its survey, which surveyed more than 2,000 employees and HR professionals, also found as little as just under one in 20 (7%) were confident in speaking with their ...
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ArticleTake part in Employee Benefits pensions research for a chance of winning £100 voucher
How is Covid-19 impacting employees’ behaviour around pensions? How are organisations providing financial education with a largely mobile workforce and how are organisations communicating these benefits?Employee Benefits' readers can now benchmark their approach to pensions and retirement by participating in this year’s exclusive Employee Benefits pensions research. The survey aims ...
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ArticleEmployee Benefits Reset online series to explore the latest HR insights and solutions
Employee Benefits Reset online series, which will take place 5 October to 16 October 2020, will play host to a number of speakers discussing the latest trends, insights and solutions in the HR, reward and benefits industry.Up to four events will take place per day, covering the latest topics including ...
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AnalysisWhat are the latest trends in voluntary benefits?
Need to know:Bikes-for-work schemes and buying equipment for the home office have seen a surge in popularity.Communicating what voluntary benefits are on offer will help to engage employees, particularly if budget restrictions are limiting new benefit offerings. Core voluntary benefits will predominately remain the same but how these are delivered ...
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Supplier articleBusy Bees Benefits: Is your financial well-being strategy meeting the needs of your workforce?
The recession we now find ourselves in affects individuals, businesses and entire industries across the country. It might sound cliche, but money really does influence every part of our lives. Positive financial well-being can help employees to thrive, not only in the workplace, but in their personal lives too.It’s important ...
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Supplier articlePensions need to be part of the financial wellbeing picture –technology can help, Tony Pugh, Aon
There is no doubt that 2020 will require a major financial rethink for many of us, with everyone’s finances affected in some way by the COVID-19 pandemic. Some will have experienced the severe financial shock of being made redundant or suffered a substantial reduction in earnings through ...
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ArticleConfessions of a benefits manager: Candid arranges crisis pensions training
The way Big Bad Boss is carrying on you would think there was a global financial crisis. Well, there is a global financial crisis, but surely this is a time for leaders to calmly steer us to a safer place, not to run around like lost children. Sadly, the Higher ...
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AnalysisHow can employers ensure pensions are the right savings vehicle in the current climate?
Need to know:The Covid-19 outbreak has opened up many financial short-term issues for employees.Employees may be unaware that they can change their contribution levels to their workplace pension scheme.Financial education is crucial to ensure that all employees understand where their pension contributions are going, and how to alter levels if ...
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Article72% of employees do not have access to financial education
Nearly three-quarters (72%) of employees do not have access to any form of financial education benefits, according to research by Aegon UK.The study of 2,000 employees, surveyed just before the Covid-19 (Coronavirus) pandemic in December 2019, found that 70% of employees would find general information about ways to improve their ...
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OpinionLovewell's logic: Should staff expect to be paid during quarantine?
On Saturday 25 July 2020, the UK government announced that, from 26 July, anyone entering the UK from mainland Spain, the Balearics or the Canary Islands would be required to quarantine for 14 days, following a rise in cases in Covid-19 in these regions.At the time numerous Britons were already ...
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Case StudiesUniversity of Lincoln launches financial wellbeing website during Covid-19 pandemic
Financial education for employees has always been a top priority for the University of Lincoln. At the height of the Covid-19 (Coronavirus) pandemic, the organisation launched a new portal to ensure that employees have access to sources of financial education during this time of uncertainty.The website, Lifechoice, was launched in ...
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OpinionMatthew Connell: Employers have access to tools that support employee financial wellbeing
An employer’s relationship with its employee is an important one and goes beyond a focus on day-to-day work priorities. With the increased focus on health and wellbeing over recent years, it has meant this relationship is more important than ever.Building an open and trusting relationship where employees can feel comfortable ...
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AnalysisWhat support can be given to employees going through difficult financial times?
Need to know: The Covid-19 pandemic has placed many employees in difficult financial situations.Employers must break the stigma of financial wellbeing to communicate with their employees.Financial education and tools can support employees who are struggling with finances during this time.The Covid-19 (Coronavirus) pandemic has created an unprecedented amount of financial ...
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Article16% of employees are worried about their everyday finances
One in five (16%) UK employees are currently worried about their everyday finances (June/July 2020) compared to 28% in April 2020, according to research by Nudge.Its survey of 300,000 employees also found that the percentage of employees worrying about financial budgeting has also decreased, falling from 30% to 14% in ...
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Supplier article72% of employees want access to a workplace savings scheme
92% of employers would implement a workplace savings scheme 87% of employers say financial worries have a negative effect on an employee’s performance According to a recent survey[1], 72% of employees want their employers to offer a workplace savings scheme in addition to ...
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ArticleEXCLUSIVE: Goodlord sees 40% of employees engage with financial coaching
Lettings platform Goodlord has given its 100 employees access to a free financial coach, with 40% of employees booking an appointment within the first two weeks since the benefit was introduced in June 2020.The financial planning and coaching benefit, provided by Hatch, gives each employee a dedicated financial coach offering ...
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Supplier article78% say Covid-19 has made them realise they need savings to fall back on
74% of individuals say not having enough savings is now a big financial concern 73% of individuals want easily accessible savings According to a recent survey[1], three quarters of individuals say that the impact of the Covid-19 pandemic has made them realise the ...