All Financial wellbeing articles – Page 88
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ArticleEXCLUSIVE: 54% are concerned about decision-making when accessing pension benefits
EXCLUSIVE: Uncertainty about how to make the best decisions when accessing pension benefits topped the list of employees’ concerns regarding retirement, cited by 54% of respondents in research conducted by Employee Benefits and Barnett Waddingham.The Employee Benefits/Barnett Waddingham pensions research 2018 garnered 246 responses and was published in December 2018. ...
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ArticleTwo-fifths of organisations have established a culture of wellbeing in 2018
Two-fifths (40%) of organisations believe they have achieved a culture of wellbeing in 2018, compared with a third (33%) in 2016, according to a study by HR and benefits adviser Buck.The report, Working well: a global survey of workforce wellbeing strategies, surveyed 252 organisations across 56 countries, and found that ...
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ArticleProfessional Santas in US earn up to $20,000 a year
Something for the weekend: professional Santas accrue earnings of up to $20,000 (£15,644) in a year, according to a recent article on US news and opinion website Vox.Baltimore-based Santa Brian Marchetti told author Zachary Crockett that he gets around 110 gigs over the holiday season, working the circuit of corporate ...
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ArticleHodge Jones and Allen launches employee ownership trust
Law organisation Hodge Jones and Allen (HJA) has transferred to an employee ownership trust (EOT).Sole remaining founding partner Patrick Allen said he decided to create the EOT so that the solicitors' ethos of helping people would continue and all of the staff could benefit.The move is apart of a succession ...
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ArticleMore than a third of parents take unpaid leave to care for sick children
More than a third (36%) of parents are having to take unpaid leave from work to look after sick or injured children, according to research commissioned by benefits provider MetLife UK.The survey of 1,209 working adults, carried out by Consumer Intelligence in July 2018, also found that 44% of parents ...
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ArticleParadise Granite ordered to pay $134,097 in back wages and liquidated damages
Alabama-based countertop installation organisation Paradise Granite has been ordered to pay $134,097 (£104,639.91) in back wages and liquidated damages to 22 employees, due to violations of overtime and recordkeeping provisions of the Fair Labor Standards Act (FLSA).The violations were uncovered by an investigation by the Wage and Hour Division (WHD) ...
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ArticleFirst pensions dashboard set for launch in 2019, says government report
The first version of the pensions dashboard is set to be launched next year, according to feasibility report and consultation into the project conducted by the government. The dashboard will be designed to give individuals information on how much they have in their pension pots and the funds they can ...
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ArticleHalf of employees with money worries believe their work is suffering as a result
Half (50%) of employees experiencing financial worries believe that the quality of their work is negatively affected as a result, according to a study commissioned by pension and investment organisation Aegon.The research, based on an August 2018 YouGov survey of 505 HR decision makers from UK private sector organisations, also ...
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ArticleEXCLUSIVE: Hachette caricatures employees' future selves to boost pension engagement
EXCLUSIVE: On Wednesday 28 November 2018, London-based publishing organisation Hachette held a workplace pension engagement session at its office on Victoria Embankment, which included seminars, one-to-one chats, and artists drawing 'future self' caricatures.Workplace pensions provider Aegon and pension communications organisation Pension Geeks joined Hachette at its head offices to provide ...
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ArticleKavitha’s keynote: Reducing sickness absence rates is a priority
Earlier this week, we reported that almost a third (29%) of organisations do not record their long-term sickness absence rates, bringing the issue of employee health into the spotlight once again.The EEF health and work survey 2018, carried out by manufacturers’ organisation EEF, in association with insurance provider Howden, also ...
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ArticleHymans Robertson to introduce financial education seminars for 850 UK staff
Pensions and risk consultancy Hymans Robertson is to introduce a series of financial education seminars from January 2019, in order to broaden the wellbeing offering provided for its 850 UK-based employees.The 45-minute, face-to-face seminars, which will be conducted by financial planning and advice business 1825, will be held across Hymans ...
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ArticleMore than a quarter plan to increase investment in health and wellbeing benefits
More than a quarter (29%) of employer respondents state that they are likely to increase investment in their health and wellbeing benefits in the next two years, for example around occupational sick pay, employee assistance programmes (EAPs) and flu jabs, according to research by the Chartered Institute for Personnel and ...
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Supplier article
Poll reveals little support for defaults at-retirement without financial guidance
Speaking at the Personal Investment Management and Financial Advice Association annual conference, the Treasury Select Committee chair Nicky Morgan has called for the introduction of default guidance before individuals are allowed to access their pensions.This stance is supported by a recent poll* by WEALTH at work which found that 86% ...
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ArticleUniversity of Leicester security team achieve victory in dispute over hours and pay
Image credit: UnisonUniversity of Leicester has dropped plans to cut the hours and pay of its security team, following a campaign coordinated by the trade union Unison.The 26-strong team, all of whom are Unison members, would have had their weekly hours cut from 37 to 35, and would also have ...
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ArticlePrysmian Cables and Systems workers accept two-year pay deal to end dispute
Workers at cable manufacturing organisation Prysmian Cables and Systems in Eastleigh, Hampshire, have ended a long-running industrial dispute by voting overwhelmingly for a two-year pay deal.The trade union Unite, which has 162 members within Prysmian Cables and Systems, stated that the workforce voted 85% in favour of a 2% increase ...
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AnalysisEmployee satisfaction: does pay prevail?
Need to know:Money is an important foundation, but cultural changes have arguably created a world in which true engagement, happiness and satisfaction cannot be bought with pay alone.Employees not only expect a broader package of benefits, but will also look to an organisation's culture and impact on the world.Recognition, transparency, ...
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Case StudiesBurns Pet Nutrition harnesses organisational culture to keep employees satisfied
Pet food production organisation Burns Pet Nutrition is based in Kidwelly, Wales, and is home to approximately 125 members of staff. These employees are spread across various roles, both within the core production business and in the organisation’s other ventures, which include a farm café and shop, market gardens and ...
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Supplier articleSeasonal spending & financial wellbeing
Most of us probably end up spending far more over Christmas than we ever intend to, especially with the increasing popularity and temptation of Black Friday and cyber Monday. Our good intentions of getting better organised and budgeting for next year always seem to get lost somehow.Simply maxing out the ...
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ArticleKavitha Sivasubramaniam: Embracing a rolling wellbeing programme
As our Wellness Week, in association with Incorpore, draws to a close, it is time to reflect on some of the trends and issues currently shaping this area of the benefits market.Promoting and supporting employee wellbeing is high on the agenda at those organisations that recognise the significant impact it ...
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AnalysisHow can preventative health measures support employee wellness?
Need to know:Before implementing a preventative wellness strategy, employers should uncover the specific health and wellbeing challenges faced by their workforce.Proactive wellness initiatives should consider both physical and mental health; on-site or subsidised yoga classes, for example, can be a good way to address both.Technology is vital in helping to ...