All Financial wellbeing articles – Page 83
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AnalysisHow to create an employer brand fit for the modern workforce
Need to know:As both competition and transparency increase, employers would do well to look at their brand values and how these fit with the expectations of the modern workforce.Flexbility, sustainability and opportunities to learn and grow are all increasingly important, particularly as employees continue to blend work and life.The positioning ...
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Case StudiesCharles Tyrwhitt refreshed benefits to embed new organisational values
Two years ago, global menswear retailer Charles Tyrwhitt began a largescale project to update its organisational values, purpose and behaviours. Alongside this, it refreshed its reward package to better reflect its new cultural approach.Sarah Mortimer, talent acquisition and employer communications manager at Charles Tyrwhitt, says: “We had a set of ...
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Case StudiesThe benefits offered by Charles Tyrwhitt
The benefits offered by Charles Tyrwhitt:Pension and protection benefitsDefined contribution (DC) workplace pension scheme for all employees, offering enhanced matching employer contributions of 6% for managers and above.Group income protection offered to all staff on an employer-paid basis.Health and wellbeingPrivate medical insurance (PMI) provided on an employer-paid basis; this includes ...
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ArticleChipotle launches employer-paid degree programme for US staff
Mexican restaurant chain Chipotle Mexican Grill has launched a new employer-funded degree programme for its 80,000 US-based employees, offering to pay 100% of the tuition fees for 75 different business and technology degrees provided through Guild Education.The new programme, introduced on 15 October 2019, enables all eligible employees with at ...
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AnalysisEquipping staff: Financial education in numbers
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ArticleDebbie Lovewell-Tuck: Optimising financial education
As our Financial Education Week draws to a close, it is time to reflect on some of the trends and issues currently shaping this area of the benefits market.How financially savvy are the employees in your workforce? How many have adequate plans in place to save enough for their retirement, ...
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AnalysisHow should retirement information change for employees at different life stages?
Need to know:Employees of all ages need help saving for a financially stable later life, but the format and delivery will need to vary across different demographics.To engage younger staff, employers could consider repackaging concepts such as pension payments and retirement planning to feel more relevant.Throughout the 15 years leading ...
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Case StudiesACCA engages employees with retirement planning using tailored roadshow
Global professional accountancy body The Association of Chartered Certified Accountants (ACCA) has engaged its employees with retirement planning through a pensions roadshow that addressed their changing needs as they approach retirement.The roadshow, which was offered to all 850 ACCA UK employees, took place across its offices in September 2019, and ...
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OpinionDr Aideen Young: Employers are well-placed to help staff prepare for later life
Auto-enrolment has led to huge gains in pension participation: according to May 2018 figures from the Office for National Statistics (ONS), around 73% of UK employees had an active workplace pension in 2017, up from less than 47% in 2012.While this is good news, pension contributions have remained at the ...
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ArticleEXCLUSIVE: Only 9% of younger employees prioritise retirement savings
EXCLUSIVE: Less than one in 10 (9%) of employees aged between 18 and 35 rank retirement savings as their number one priority, despite 66% of employers believing that pension schemes are a priority for all staff, according to research by Smarterly.The survey of 1,248 employees and 508 HR professionals in ...
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AnalysisIs online education an effective means of supporting financial wellbeing?
Need to know:Financial education is a key tool in supporting the overall wellbeing of employees, but it must be delivered in a method that is engaging and relevant.While face-to-face presentations and seminars are still highly popular, online initiatives can reach a widely dispersed workforce with personalised information.Online methods help avoid ...
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Case StudiesTravis Perkins uses online financial education to support employee wellbeing
In 2017, UK-based builders' merchant Travis Perkins implemented a financial education campaign, in recognition of the impact money worries can have on both the physical and mental wellbeing of employees.Paul Nelson, reward and HR analytics director at Travis Perkins, says: “We have a three-pronged approach to wellbeing: physical, mental and ...
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OpinionMartin Upton: The benefits of using online financial education to reach staff
Providing financial education in the workplace is clearly a matter of good citizenship, but it also makes good business sense. Financial competence reduces the risk of getting into money problems and is conducive to greater productivity by reducing stress levels. Providing financial education is also perceived as a benefit by ...
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AnalysisHow financial education can help employees make sense of their benefits
Need to knowFinancial education that helps employees understand topics like money management, debt consolidation and savings will be most effective when accompanied by relevant products for them to subsequently use.Pensions are a primary subject for many employers, but more immediate concerns should be taken into account to get staff to ...
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Case StudiesAMV uses financial advice to boost pensions understanding and financial wellbeing
In 2007, Advertising agency Abbott Mead Vickers BBDO (AMV) started working closely with benefits broker Connor Broadley to offer education around pensions and other financial matters, using staff surveys to discover what topics employees would be interested in learning about.Since then, employees have been able to book appointments with representatives ...
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OpinionAnnamaria Lusardi: How employers can help improve financial literacy
Employees face a multitude of personal financial decisions, not only about saving for retirement, but also investing in education or an advanced degree, managing day-to-day expenses, buying a home and handling debt. Today, this decision-making unfolds within financial markets that are far more complex than in the past, including with ...
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ArticleContinuum Attractions trains mental health first aiders ahead of wellbeing month
Visitor attraction organisation Continuum Attractions has trained 16 mental health first aiders as part of its new mental health awareness strategy.The mental health awareness strategy, which launched this month (October 2019), aims to incentivise Continuum Attractions’ 450 employees to be aware of their own and each other’s mental health. This ...
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Supplier articleFinancial wellbeing & pre-emptive education
Gethin Nadin, Director of Employee WellbeingA 2019 report by StepChange called ‘Life Happens’ found that a significant life change, (like separation from a partner, falling ill or becoming a carer) most heavily affects those at highest risk of debt. Typically, we’re talking about parents, renters and low-earners. Almost half (45%) ...
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Supplier articleWhy is financial wellbeing so important?
Money matters affect us all at some point during our lifetime. They can become all-encompassing and change the way we live our lives at home and at work.What factors impact financial wellbeing?Have you ever considered how money concerns affect your employees and their productivity in your workplace?Employers are in a ...
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Supplier articleIf Only There Were a Manual for Money…
If you’ve ever been into a book shop, you’re bound to have seen one of those ‘For Dummies’ books, which are designed to take something complicated or confusing and break it down into manageable, understandable and achievable chunks. Wouldn’t it be great if there were one of those, but which ...