All Financial wellbeing articles – Page 90
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ArticleEXCLUSIVE: Moneysupermarket Group launches financial coaching and planning
EXCLUSIVE: Financial services comparison organisation Moneysupermarket Group has introduced a financial coaching and planning benefit for its 750 employees, in order to proactively support their financial wellbeing.The new benefit, provided by Hatch, offers employees a free session with a financial coach; the coach uses a software programme to visualise how ...
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ArticleEXCLUSIVE: A third have seen engagement boost as a result of pension freedoms
EXCLUSIVE: Engagement with pensions is cited by 34% of organisations as one of the top effects of the introduction of pension freedoms, according to research by Employee Benefits and Barnett Waddingham.The Employee Benefits/Barnett Waddingham pensions research 2018, which surveyed 246 respondents and was published in December 2018, also found that ...
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ArticleKavitha Sivasubramaniam: Evolving to become about much more than physical health
As our Occupational Health Week, in association with Health Shield, draws to a close, it is time to reflect on some of the trends and issues currently shaping this area of the benefits market.In recent years, health and wellbeing strategies have evolved to become about much more than just physical ...
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ArticleEXCLUSIVE: Intangible assets are key to demonstrating return-on-investment
Employee Benefits Connect 2019: The way organisations measure return-on-investment (ROI) for employee benefits should take into consideration intangible assets, such as branding, employee goodwill, customer relationships, intellectual property and knowledge sharing, according to Alex Tullett (pictured), director of decision science and consulting at outsourcing and professional services firm Capita HR ...
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ArticleEXCLUSIVE: Siemens reshapes reward for the future of work
Employee Benefits Connect 2019: Siemens has seen a dramatic shift in the way it works, from the rise of competition from smaller organisations and start-ups, to increased globalisation and remote capabilities. To prepare for these changes, the organisation has overhauled its approach to reward and the employee experience.As part of ...
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OpinionDr Kellie Vincent: Challenges and opportunities for urban employees
London features as one of the Rough Guide's top five cities to visit; however, according to Expert Market's The best and worst cities for commuting report, published in June 2018, it is one of the 10 worst cities in the world. In the same survey, Leicester made the top 10; ...
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Supplier articleResearch highlights the importance of financial education and guidance to prevent pension scams
The Pension Scams Industry Group (PSIG), the voluntary body set up to support Trustees, providers and administrators in combating pension scams, has released its study findings[1] on the scale of scam activity affecting pension scheme members. It specifically reviewed suspected scam cases flagged by pension schemes on transfer requests.The report ...
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Case StudiesSunrise Senior Living puts recognition at the heart of its benefits strategy
Private residential and nursing care home business Sunrise Senior Living centres its benefits strategy around peer-to-peer and top-down recognition, aligned with its business goals and principles of service.Primarily, this is achieved through the organisation’s Heart and Soul programme, which encourages its 5,000 UK-based employees to recognise colleagues that go over ...
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Case StudiesThe benefits offered by Sunrise Senior Living
The benefits offered by Sunrise Senior Living: Pension, protection and payA defined contribution (DC) pension scheme for all employees, delivered through a master trust. Contribution levels vary depending on seniority.Income protection is available for salaried employees on an employer-funded basis. This pays up to 70% of their basic salary for ...
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AnalysisPayday stress: Financial wellbeing in numbers
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ArticleEXCLUSIVE: Two-fifths of organisations offer cash to staff who reach lifetime or annual limits
EXCLUSIVE: Two-fifths (42%) of organisations offer cash as an alternative to pension contributions for those employees that reach their lifetime or annual allowance limits, according to research by Employee Benefits and Barnett Waddingham.The Employee Benefits/Barnett Waddingham pensions research 2018, published in December 2018, gathered 246 responses. It found that the ...
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AnalysisShould employers offer staff increased pay flexibility?
Need to know:Employers are catering to increasingly diverse workforces, many of whom want autonomy over their benefits and remuneration.Flexible benefits packages facilitate those employees who want to focus on their finances, while also providing a range of perks to appeal to many demographics.Flexibility when it comes to working hours and ...
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Case StudiesStone Junction offers flexible reward to support employees' work-life balance
Specialist technological PR agency Stone Junction was established in 2016, at which point founder and managing director Richard Stone created a system of clearly defined, personalised objectives for each member of staff. This system allows employees to progress through salary scales and gain promotions by achieving set goals.As a result, ...
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OpinionDuncan Brown: Is total reward flexibility the wrong target?
Reward professionals have, quite rightly, been obsessing for many years about the need for greater flexibility, a desire which in fact drove the whole total rewards movement. Uniform market-identikit packages with a lack of innovation and no element of flexibility are limited in their perceived value, and restrict female and ...
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Case StudiesCoventry Building Society introduces paid carers' leave to mitigate financial worries
Coventry Building Society's paid carers' leave initiative, which launched in July 2018, enables all 2,500 direct employees working across its 70 branches and six head office sites to take up to three days of paid leave a year to accommodate caring responsibilities.Lucy Becque, HR director at Coventry Building Society, says: ...
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AnalysisHow can employers ease financial burdens for carers?
Need to know:Working carers face unique financial challenges, including receiving lower pay if they have to reduce their hours, and catering to them is vital for retaining key talent.Offering paid carers’ leave is important, as it ensures that employees do not have to choose between using up annual leave or ...
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Case StudiesAviva introduces paid carers’ leave to help employees remain at work
In October 2017, Aviva introduced paid carers’ leave, to ensure that members of its 16,000-strong UK employee base could deal with responsibilities and events in their personal lives, without exiting the workplace.The carers’ leave enables employees who have a dependant, either permanently or in an emergency, to take 10 days ...
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OpinionKatherine Wilson: Employers need to be confident in supporting carers at work
Juggling work alongside caring for a loved one who is older, disabled or seriously ill can be a tricky balancing act. Nevertheless, many make this commitment, particularly those in their 40s and 50s.Juggling work and unpaid care: A growing issue, published by Carers UK in February 2019, shows that almost ...
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Supplier articleRemoving friction and barriers is key to financial wellbeing
Money worries are something most people can relate to – in fact research shows that UK workers often run out of cash before payday. For those that have little to no savings to fall back on, this has a detrimental impact on wellbeing. But this financial stress doesn’t just impact ...
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ArticleKavitha Sivasubramaniam: Finding flexible ways to reduce financial worries
As our Financial Wellbeing Week, in association with Wealth at Work, draws to a close, it is time to reflect on some of the trends and issues currently shaping this area of the benefits market.An increasing number of businesses are recognising the affects of financial worries on employees, particularly the ...