All Financial wellbeing articles – Page 81
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ArticleSalary Finance acquires financial wellbeing platform Neyber
Workplace finance platform Salary Finance has acquired competitor Neyber in a deal completed on 9 March 2020.As part of a pre-pack administration, Neyber's assets have been acquired by Salary Finance, and staff transitioned under Transfer of Undertakings (Protection of Employment) Regulations (Tupe). Pre-pack administration allows for the sale of a ...
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ArticleEXCLUSIVE: Three-quarters of employers feel responsible for staff mental wellbeing
EXCLUSIVE: Three-quarters (75%) of employers feel it is their responsibility to support employee mental wellbeing, according to new research by Group Risk Development (Grid).The survey of 1,165 employees and 500 HR decision-makers, which took place in January 2020, also found that just under half (49%) of employees agreed that the ...
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ArticleMore than a quarter of Bupa employees enroll in flexible pay benefit
As of early February 2020, more than a quarter (27%) of employees at healthcare organisation Bupa had enrolled in the employer's flexible pay benefit.The service, provided by Wagestream, was launched in December 2019, with the goal of helping staff meet costs in the run-up to Christmas. Since then, a quarter ...
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ArticleEXCLUSIVE: Future-proofing financial wellbeing at Employee Benefits Connect 2020
EXCLUSIVE: Zarina Sahni, head of insights at Salary Finance, will bring delegates together to discuss how financial wellbeing can enhance existing initiatives at Employee Benefits Connect 2020.Sahni's huddle sessions, titled 'Futureproofing financial wellbeing', will take place throughout the one-day conference event, and will aim to delve into a number of ...
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ArticleHalf want employers to offer more financial wellbeing support
Half (50%) of employees want their organisations to offer more guidance around improving their financial situation, according to research by Wills Towers Watson.The research, which surveyed 40,000 employees at medium and large private sector organisations across 27 countries between July and September 2019, also found that 62% of employees have ...
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AnalysisHow can employers support the unseen issues in financial wellbeing?
Need to know: A wide range of financial issues that many employees struggle with often go unnoticed at work. Employers must find a way to tackle the taboo of discussing financial issues among their workforce if they are to understand the needs of employees. Employee surveys and constant ...
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Case StudiesEpson Europe supports financial wellbeing with coaching benefit
Epson Europe BV introduced a financial coaching benefit in order to support the financial wellbeing of its UK-based employees.Epson views financial wellbeing as being an important part of employees' total wellbeing. Working with consultancy, Secondsight, the organisation challenged how it could not only provide benefits, but also have a meaningful ...
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OpinionSian Fisher: What are the unseen issues affecting financial wellbeing?
Talk and action to tackle the gender pay gap is headline news, but as chief executive officer (CEO) of the Chartered Insurance Institute (CII) and chair of the Insuring Women’s Futures initiative, I am aware there are many more unseen issues facing female financial wellbeing.Insuring Women’s Futures is a programme ...
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ArticleEXCLUSIVE: Only 13% of business leaders see staff financial wellbeing as a priority
Only 13% of employers include employee financial wellbeing as a top leadership priority, and just 4% see it as a top priority for HR, according to research by Neyber.The 2019/2020 DNA of financial wellbeing report, which surveyed 11,000 employees and 270 employers, also found that, although 73% of organisations had ...
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Supplier article6 steps employers can take to help employees who are retiring in 2020
The New Year is the perfect time for employees to take stock of their finances and those who are approaching retirement will have a number of decisions to make given the freedom and choice in pensions. Many will turn to their workplace for support with this. Therefore WEALTH at work ...
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Supplier articleWhat is the Best Time to Look for a New Job?
We love to eat ice-creams in the summer heat and a hot coffee in the cold winter days. There is a specific season for everything. Yes, the same rule applies to the job-hunting process as well. There are millions of people who are looking for a new job, or they ...
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ArticleCoco di Mama rolls out flexible pay benefit for 270 employees
Italian-inspired food and drink chain Coco di Mama is rolling out a flexible pay benefit that will allow all of its 270 employees, working across 23 cafes, to access their wages ahead of their scheduled paydays. Coco di Mama has been trialling the flexible pay app, provided by Wagestream, since ...
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ArticleEXCLUSIVE: 37% of employers provide financial education to all employees
EXCLUSIVE: The proportion of organisations that provide financial education for all employees has changed little since the research was conducted in 2018, going from 36% to 37% this year, according to research by Employee Benefits.The Employee Benefits/Wealth at Work Pensions research 2019, which was conducted during October 2019 among 135 ...
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ArticleEXCLUSIVE: Majority of employers use in-house teams to provide at-retirement support
EXCLUSIVE: Despite the increased sense that it is a pension provider’s responsibility, the primary source of at-retirement support continues to be HR, benefits, reward, and learning and development teams (34%), and in-house pensions teams (13%), according to research by Employee Benefits.The Employee Benefits/Wealth at Work Pensions research 2019, which was ...
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ArticleEmployees in Aberdeen, Hull and Edinburgh are the richest in the UK
Employees who live and work in Aberdeen, Hull and Edinburgh are among the richest in the UK, according to research by CV Library.The study compared the basic living costs against average salaries for UK professionals in 18 of the UK’s key cities from July 2019 to 20 October 2019. It ...
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ArticleEXCLUSIVE: Almost half of employers offer at-retirement support
EXCLUSIVE: The value of providing at-retirement support is becoming gradually more apparent to employers, with 46% of HR decision-makers stating that their organisation helps staff with this life stage in 2019, compared to 39% of employers in 2018 and 40% in 2017, according to research by Employee Benefits.This increasing interest ...
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ArticleNine in 10 say employers should support all aspects of staff financial wellbeing
Almost nine in 10 (88%) senior HR professional believe it is an employer’s responsibility to provide support on all aspects of staff financial wellbeing, according to research by Smarterly.The research, published in December 2019, surveyed 250 HR professionals within organisations with 300 or more employees. It also found that almost ...
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Supplier articleInfographic: Supporting your employees with their financial wellbeing
29% of your employees losing sleep over how to save for the future.Your employees are at different stages along the financial wellbeing pathway. Some may be struggling to balance their spending with their earnings, while others may be close to achieving financial freedom.Whatever their financial situation, they are all looking ...
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Supplier articleWhat role does gender play in financial wellbeing?
The Employer’s Guide to Financial Wellbeing 2019-20 is the second annual survey of UK employees. The guide highlighted some striking differences between men and women’s financial wellbeing. When it comes to low financial wellbeing, on the surface it appears that women are impacted far more than men - 41% ...
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Case StudiesThe benefits offered by Ovo Energy
The benefits offered by Ovo Energy:Pensions and protectionDefined contribution (DC) group personal pension (GPP) for all employees with a 5% matched contribution from the employer.Critical illness insurance, available to all employees through a flexible benefits plan.Healthcare and wellbeingPrivate medical insurance is provided to senior leadership on an employer-paid basis. Eligible ...