All Financial wellbeing articles – Page 88
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Supplier articleEmployee recognition: why the first step starts with YOU
By Toni Whitehouse, Head of Sales Development at Reward GatewayThroughout my professional career, I've had the opportunity to work in a variety of roles – including Recruitment, Sales and Management – selling into a number of different industries. Not only has this given me a unique perspective for the different ...
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Case StudiesInspired Villages develops benefits programme in line with organisational values
Inspired Villages, which develops and operates luxury retirement villages, recently launched a reward and recognition programme for its 210 employees nationwide, to boost engagement and align staff to brand new organisational values.The programme, provided by Reward Gateway, went live on 23 April 2019 and combines both top-down and peer-to-peer recognition, ...
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Case StudiesThe benefits offered by Inspired Villages
The benefits offered by Inspired Villages:Pension, protection and payA defined contribution (DC) pension scheme is available for all staff through auto-enrolment; contributions are set at the statutory minimum of a monthly 5% from employees and 3% from the employer.Life insurance, at three times an employee’s base salary, is available on ...
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ArticleEXCLUSIVE: Hays re-vamps benefits platform and aligns reward with new wellbeing structure
EXCLUSIVE: Recruitment organisation Hays has updated its benefits platform, introduced a new wellbeing structure to align with available benefits and launched an online employee engagement survey in order to reinvigorate and modernise its approach to benefits and reward.The business sought to update its benefits offering to reflect how the workplace ...
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Supplier articleFinancial education is fundamental to improving pension engagement
Monkey Business Images, ShutterstockThe Pensions Policy Institute (PPI) has released its latest research findings ‘Engagement pathways in workplace pensions: an overview of pension decision-making’[1]. The report outlines that there may be 12 million individuals who are under-saving for their retirement and highlights the need for a better understanding around how ...
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ArticleDefra pilots financial education platform for 23,800 civil service employees
The Department for Environment, Food and Rural Affairs (Defra) is piloting a new financial education platform across its 23,800 civil service employees.The new platform, called the Hub and provided by Neyber, will undergo a 12-month pilot period across Defra’s group employees; this started on 20 May 2019.The Hub offers employees ...
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ArticleGoodman Masson and London City Airport shortlisted for Best financial wellbeing strategy
Finance and technology employment agency Goodman Masson and Newham-based London City Airport are among the organisations shortlisted for the Best financial wellbeing strategy, small employer category at the Employee Benefits Awards 2019.This accolade, sponsored by financial education and guidance provider Wealth at Work, recognises an employer that adopts a proactive ...
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ArticleFour in 10 mothers would work longer hours if childcare costs were lower
Almost four in 10 (38%) women with children would choose to work longer hours if childcare was cheaper, according to research by The People's Pension.Gender pensions gap: Tackling the motherhood penalty, published in May 2019, found that after having children, more than two-fifths of women (44%) reduced their hours, more ...
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OpinionCharles Cotton: Maximising value when investing in employee benefits
The cost of some benefits is rising, driven in part by legislative changes. For instance, the minimum employer contribution to a workplace pension increased from 1% to 2% in April 2018, and to 3% a year later. While 3% may not seem much, for some employers, this rise, coupled ...
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AnalysisHow could pensions dashboards influence engagement with employee contributions?
Need to know: The pensions dashboard, due to be launched in 2019, will facilitate better engagement, but will be most effective as part of a broader communications strategy that includes face-to-face methods.In the earlier stages, the biggest attraction of the dashboard will be for consumers to track down lost pensions ...
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Supplier article5 ways to help employees facing retirement
By Jonathan Watts-Lay, Director at WEALTH at workIn the new world of freedom and choice in pensions, one of the most fundamental elements of employee financial wellbeing is retirement preparation. As many employees will turn to their workplace for support at this stage of their life, we have listed 5 ...
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Supplier articleUnderstanding financial wellbeing and creating a benchmark
Our financial wellbeing research found that money worries are affecting employee mental health, productivity, retention and absenteeism.Those with money worries are:8 times more likely to be prone to anxiety and panic attacks6 times more likely to not finish daily tasks2 times more likely to be looking for another jobTaking 1.5 ...
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Case StudiesRoyal Mail delivers financial wellbeing focus to support employee health
Between March and April 2019, national postal and courier organisation Royal Mail introduced a focus on financial wellbeing to better support its 140,000 staff and mitigate the effects that financial difficulties could have on employees’ overall wellbeing.Ian Dockerill, employee share plans and benefits manager at Royal Mail, explains: “We were ...
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Case StudiesThe benefits offered by Royal Mail
The benefits offered by Royal Mail:Pensions, pay and group riskRoyal Mail's defined benefit (DB) pension scheme was closed to new members in March 2008 and new employees are provided with a defined contribution (DC) pension. The DB arrangement closed to future accrual in March 2018; members of this scheme have ...
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Supplier articleThe financial wellbeing benefits you may not have considered
When you think of your typical financial wellbeing benefits, you might think of financial education for employees, salary deducted loans and investment ISA’s for your employees. However, if your employee’s financial wellbeing is a key focus of your employee benefits package, you need to think outside the box and consider ...
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ArticleTwo-fifths feel their quality of work is affected by financial worries
Two-fifths (41%) of employees believe their quality of work is affected when they are uneasy about the state of their finances, according to research by financial wellbeing provider Salary Finance.Its survey of around 10,000 UK employees also found that 77% trust their employer to treat their financial situation as confidential.Asesh ...
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ArticleAlmost half of workplaces do not have an official policy on home working
Just under half (47%) of employees' workplaces do not have an official policy on working from home, according to research by job listing website Monster.co.uk.Its survey of 5,500 employees also found that 15% are concerned about colleagues judging them for being out of the office, while 11% worry that they ...
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ArticleBT and Siemens shortlisted for Best pensions communications
Telecommunications provider BT, construction business Kier Group and technology organisation Siemens are among those shortlisted for the Best pensions communications category at this year’s Employee Benefits Awards and Summer Party.The Best pensions communications award celebrates employers that have implemented effective strategies in order to engage employees with their retirement savings ...
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Case StudiesThe Phoenix Group places wellbeing at the centre of benefits strategy
After an acquisition in September 2018 that saw life fund consolidator The Phoenix Group grow from 800 to around 4,300 employees in the UK, the organisation set out to ensure that benefits provisions are clearly aligned, and that there is a strong emphasis on employee wellbeing.Although the acquisition of Standard ...
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Case StudiesThe benefits offered by The Phoenix Group
The benefits offered by The Phoenix Group, excluding Standard Life Assurance:Pension and protectionFor auto-enrolment purposes, The Phoenix Group provides a defined contribution (DC) pension scheme, matching employee contributions up to 5%. From April 2019, employees contribute a minimum of 2% of their base salary and the organisation contributes 5%, in ...