All Financial wellbeing articles – Page 87
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ArticleTennessee restaurant operators ordered to pay $220,000 in back wages and damages
The operators of Nashville, Tennessee-based restaurant Woodlands Indian Vegetarian Cuisine have been ordered to pay $220,000 (£173,557) in back wages and liquidated damages to 31 employees.The action follows an investigation by the US Department of Labor's Wage and Hour Division (WHD), which uncovered violations of the minimum wage, overtime and ...
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ArticleLetitia Wright named 2018’s biggest box-office draw but absent from list of best-paid actors
Something for the weekend: Actor Letitia Wright has been named by movie ticket website Fandango as the highest box-office earning star of 2018, but she does not feature on the top ten list of best-paid actors.Wright has featured in a string of hit movies, including Black Panther, Avengers: Infinity War, ...
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ArticleArriva Durham County bus drivers set to strike after rejecting pay offer
Around 650 bus drivers working for Arriva Durham County have voted to strike for a week from 6 January after rejecting a revised pay offer.The drivers, members of the Unite union based at Darlington, Durham, Redcar, Stockton and Whitby, voted by 72% to 28% to reject the proposal, which was ...
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ArticleMen earn nearly twice as much as women in bonus pay
The average bonus for a full-time worker in the UK was £2,242 in 2018, according to analysis of figures from the Office for National Statistics by recruitment organisation Aaron Wallis, but the average for males at £2,613 was nearly twice that for females at £1,158.The research also found that full-time ...
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ArticleMissouri state minimum wage rate rises to $8.60
The Missouri Department of Labor has announced a state minimum wage rate of $8.60 (£6.77) per hour for 2019, rising from $7.85 (£6.18) in 2018.Effective from 1 January 2019, all private employers are required to pay the minimum rate, with the exception of retail and service organisations with annual sales ...
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Case StudiesDAC Beachcroft uses financial education to encourage active investment choices
DAC Beachcroft, which has 2,230 UK-based employees, held a pensions roadshow at its Bristol office in September 2018, in conjunction with Scottish Widows. This enabled employees to book one-to-one consultations and attend a presentation on fund performance and available investment plans.Sarah Young, head of reward at DAC Beachcroft, says: “People ...
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AnalysisHow to encourage active decision-making surrounding pension investments
Need to know: Employees can self-select their pension fund, rather than remaining invested in the default option; this can help staff better tailor investments to their personal circumstances.Financial education around available pension fund options can help employees make informed, active investment decisions.Communications should be clear, simple and feature a mix ...
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ArticleAIG Life completes acquisition of insurance provider Ellipse
Insurance organisation AIG Life has completed the acquisition of Ellipse, a specialist group life, critical illness and income protection provider in the UK, following the receipt of required regulatory approval.The terms of the purchase, from German reinsurance organisation Munich Re, have not been disclosed.AIG Life now intends to distribute both ...
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Supplier articleAll you need to know about Workplace ISAs
By Neil Atkinson, Head of Proposition. In association with SmarterlyOur latest financial wellness survey found that 25% of people admit to money problems so substantial they affect their ability to do their job, with the same proportion believing they have little or no chance of saving adequately for their future. ...
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OpinionChristopher Brooks: Should employers default staff into pensions guidance?
Pension freedoms have opened up a brave new world of financial decision-making. While this can be a positive, a typical individual accessing their pension is now expected to make decisions that balance present and future spending needs, while factoring in information about complex products of which they have no previous ...
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ArticleGovernment announces workplace reforms to protect rights of modern workforce
The government has unveiled plans for a range of workplace reforms designed to improve the rights of workers on zero-hour contracts, agency employees and those working in the gig economy.Business secretary Greg Clark said: "Today's largest upgrade in workers' rights in over a generation is a key part of building ...
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Supplier articleFinancial wellbeing and mental health: A vicious cycle
According to research by Neyber, financial issues are the biggest worry for employees over anything else. Having help and procedures in place as well as preventative measures should therefore be a top priority for companies.But, it goes further than just financial worries. Having financial trouble can lead to further psychological ...
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Supplier article3 ways to support your employees with their financial anxiety
What is financial anxiety and how does it affect you as an employer? Financial anxiety encompasses anything related to an individual’s financial wellbeing that causes them to worry. With a fall in real wages and many employees facing unexpected expenses, it’s no surprise that 30% of UK employees are worried ...
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Supplier article
Financial wellness: ‘Tis the season to help your employees
Christmas is not just about decking the halls with boughs of holly, it can also be a time of financial worry. When it comes to buying presents, copious amounts of food and of course, a new outfit for the work party, the pressure to splash the cash at Christmas has ...
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ArticleAdvertised salaries show 3.9% year-on-year rise for October 2018
Advertised salaries have risen year-on-year for the first time in six months, showing a 3.9% increase in October 2018 when compared with the corresponding 2017 figures, according to the latest monthly report from job search engine Adzuna.Andrew Hunter, co-founder of Adzuna, said: "It's hopeful that real wages are on the ...
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ArticleTSB signs TUC's Dying to Work charter in support of terminally ill workers
Banking organisation TSB has become a signatory of the Dying to Work charter, developed by trade union body the Trades Union Congress (TUC) as part of a campaign to support employees living with terminal illness.The charter asks employers to be supportive and understanding of staff following diagnosis, and to provide ...
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ArticleCentral Florida Bakery pays $28,055 in back wages and damages
Sandford-based organisation Central Florida Bakery has paid $28,055 (£22,227.98) in back wages and liquidated damages to 18 employees, due to violations of the US Fair Labor Standards Act (FLSA).The employer's breaches of the minimum wage, overtime and recordkeeping provisions of the FLSA were uncovered following an investigation by the Wage ...
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ArticleISS workers at South London and Maudsley NHS to receive 2.3% pay award
Members of the trade union GMB working for healthcare management services organisation ISS at the South London and Maudsley NHS Foundation Trust (SLAM) are to receive a pay award of 2.3% following a vote for strike action.In a ballot that closed on 12 November 2018, GMB members voted 98.8% in ...
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Supplier articleFinancial wellbeing: Money worries in the workplace
Money worries can have a devastating effect on employees – not just on their personal life, but also at work. Financial difficulties can naturally cause people to feel stress, leading to depression and loss of sleep.The knock-on effect of this can seriously affect a person’s ability to concentrate and do ...
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ArticleStrike called off as Shelter employees accept 4% pay increase
Employees of housing and homeless charity Shelter have called off strike action scheduled to start today (11 December 2018) after accepting an improved pay offer of 4%.The 72-hour strike was originally called by more than 400 workers, members of the trade union Unite, after rejecting an offer of 1%. This ...