All Financial wellbeing articles – Page 80
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Supplier articleSmarterly announces rebrand to Cushon
New brand reflects company’s mission to help everyone in the UK get more comfortable with saving and investing Cushon is the first provider to offer a holistic and fully payroll-enabled savings proposition in the workplace Smarterly, the fintech workplace savings business, announces that ...
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Supplier articleBusy Bees Benefits: Is there an employee financial protection gap?
A study by the British Chambers of Commerce has found that over 43% of businesses have had employees absent from work for more than four weeks due to ill health. The British Chambers also found that more than 55% said that they would do everything within their power to assist ...
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Supplier articleFinancial wellbeing at EDF
Gethin Nadin, Director, Employee Well-beingA household name in the UK, EDF are the country’s largest producer of low-carbon electricity. With 12,000 UK employees across 25 sites including power stations and customer contact centers, they have a broad and diverse employee population to cater to when it comes to their employee ...
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Case StudiesColt Technology Services introduces wide-ranging support initiatives for employees
At the start of the global Covid-19 (Coronavirus) pandemic, telecommunications firm Colt Technology Services launched a range of initiatives to support its 5,000 employees. The organisation quickly realised that it had within its means ways of assisting its employees through a hugely challenging time.Rob Green, vice president of reward, says: ...
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Case StudiesSevern Trent Water focuses on health and wellbeing benefits during Covid-19 pandemic and beyond
Water supplier Severn Trent Water is putting the health and wellbeing of its 6,786 employees at the forefront of its strategy during the Covid-19 (Coronavirus) pandemic.The organisation has a digital GP service in place, but did not want to see the usage of this service rise, and looked at preventive ...
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ArticleEileen Donnelly: How financial security can impact our wellbeing
Financial security - being and feeling able to make ends meet - is one of the key aspects of a good job and a driver to workplace wellbeing.Which employees are more at risk?While over half of UK households in poverty have at least one person in the household in employment, ...
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ArticleEXCLUSIVE: 33% of employers offer season travel loans to employees
EXCLUSIVE: One third (33%) of employers offer season ticket travel loans to support the financial wellbeing of its employees.The Employee Benefits research 2020, published in May 2020, which surveyed 269 HR decision-makers, also found that a further 33% offer some sort of financial education.Season ticket travel loans remain one of ...
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Article34% of employers do not offer financial support for seriously ill staff
A third (34%) of employers do not provide financial support if employees are diagnosed with a serious illness such as cancer, according to research by Group Risk Development (GRiD).The research, published June 2020, which surveyed 500 human resources decision-makers, also found that just under one in ten (9%) believe that ...
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AnalysisWhere do the parameters of employers' responsibility to wellbeing lie?
Need to know: We live in a very open age, but employers must still tread carefully when it comes to employees’ personal lives.Physical, mental and financial wellbeing is all-important to employees' productivity and they will be looking to employers to help in the midst of the Covid-19 (Coronavirus) pandemic.Employers ...
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Supplier article6 creative & high-impact ways to support employees financially during COVID-19
As many households shoulder the burden of reduced income and companies cancel or postpone their annual remuneration review or bonus schemes, it’s no wonder that financial security tops the list of issues employees are concerned about.Recently, the Office of National Statistics reported nearly 1 in 4 adults have said the ...
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Supplier articleA guide for financial services organisations to connect, support and recognise employees
When faced with an ever-changing situation such as COVID-19, employers need to act quickly to reassure their employees and deliver important information, whenever and however they are working.Now, more than ever, HR leaders should look for new ways to connect, support and recognise their people, in meaningful ways.Click here for ...
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Supplier articleSteps employers can take to help employees retiring in turbulent times
The turbulent markets we are experiencing at the moment are concerning for everyone, but especially for employees who are in a defined contribution (DC) pension scheme and looking to retire. Whilst retirement planning is important regardless of the climate, it is particularly crucial when stock markets are volatile. Therefore, employers ...
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Supplier articleWorkplace savings – making employees feel financially secure during uncertain times
The unprecedented times we’re currently going through means that many employees will be facing some sort of organisational change; whether they’re being furloughed or in some cases facing redundancy. It’s a tough and frightening time for employees to be faced with these prospects, and no doubt, you ...
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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 ...