All Financial wellbeing articles – Page 91
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AnalysisTop tips to support employees with unhealthy financial habits
Need to know:Addictive and unhealthy financial habits, such as gambling, are hard to spot, so financial wellbeing initiatives must offer a variety of supports to help employees with a wide range of needs.Looking into staff behaviours and demographics can help tailor communications and construct a strategy that fits with the ...
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Case StudiesHays places financial support at the centre of its wellbeing strategy
Global recruitment organisation Hays recognises the importance of supporting staff with their financial concerns, and addresses this as one of its key pillars of wellbeing.Hays' financial wellbeing strategy covers a range of issues, including debt consolidation and everyday savings. As part of this, Hays promotes its employee assistance programme (EAP) ...
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OpinionJonathan Watts-Lay: Five ways to help employees facing retirement
In the new world of freedom and choice in pensions, one of the fundamental elements of employee financial wellbeing is retirement preparation. Many employees will turn to their workplace for support at this stage of their life, so Wealth at Work has listed five ways employers can help staff who ...
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OpinionHelen Undy: Employers should help staff build financial resilience
Overstretched, overdrawn, underserved: Financial difficulty and mental health at work, published by the Money and Mental Health Policy Institute in May 2017, found that two-thirds of UK employees who are struggling financially also show at least one sign of mental ill-health. These are issues that could affect their ability to ...
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ArticleEXCLUSIVE: Less than two-fifths of organisations offer financial education to employees
EXCLUSIVE: The number of organisations offering financial education to all staff has reduced slightly this year, dropping from 41% in 2017 to 36% in 2018, according to research by Employee Benefits and Barnett Waddingham.The Employee Benefits/Barnett Waddingham pensions research 2018, which gathered 246 responses and was published in December 2018, ...
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ArticleFour-fifths rely on alternative finance options to source money between paydays
Almost four-fifths (78%) of UK employees rely on finance options such as credit cards in order to source money quickly between paydays, according to research by on-demand pay provider Hastee Pay.The study, which surveyed 1,000 working individuals in the UK, also found that among London-based employees, the proportion relying on ...
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Supplier articleNew research highlights importance of saving for workers
Salary Finance has launched a new guide in association with Yorkshire Building Society, lifting the lid on how money troubles are affecting the wellbeing of UK workers.The Employer’s Guide to Savings is based on extensive research undertaken by Salary Finance into the importance of saving and how this directly relates ...
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ArticleEXCLUSIVE: Face-to-face methods are most popular for delivery of financial education
EXCLUSIVE: Among those organisations that offer financial education to their employees, face-to-face delivery continues to be the most popular method, according to research by Employee Benefits and Barnett Waddingham.The Employee Benefits/Barnett Waddingham pensions research 2018 report, which canvassed the views of 246 respondents and was published in December 2018, found ...
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ArticleCamden Town Brewery sees 30% take up of flexible pay benefit
London-based Camden Town Brewery has seen 30% of its 160-strong workforce utilise a benefit that enables them to access a percentage of their monthly wages prior to payday.The benefit, provided by Wagestream, was introduced in September 2018 to help reduce employees’ financial stress and assist with monthly budgeting challenges, addressing ...
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AnalysisFinancial health: Helping employees plan for short and long-term financial goals
Need to know:The new year is a time for positive financial changes, and employers should embrace this, as monetary wellbeing translates directly into happiness and productivity.Rather than just focusing on pensions for the long-term, organisations should consider all aspects of financial wellbeing, including short-term items like loan repayments.Communications should be ...
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Case StudiesOvo Energy helps employees save for the future with a workplace Isa
Ovo Energy is a growing energy supply organisation based in Bristol. It launched a flexible benefits proposition with Thomsons in 2014, through which it provides employees with 4% of their salary for investment. In October 2017, it added a new dimension in the form of a workplace individual savings account ...
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Case StudiesInvestec aims to address sustainability within its wellbeing strategy
In order to explore how sustainability can be incorporated into a wider wellbeing strategy, financial services organisation Investec is testing the waters with an employer-paid cycling scheme.Investec, which has 3,200 employees across 16 operating sites in the UK, is looking to roll out an organisation-wide, employer-paid cycling scheme in February ...
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ArticleAlmost two-fifths of employers do not view financial wellbeing strategies as a priority
Almost two-fifths (37%) of employer respondents that have no plans to implement a financial wellbeing strategy for staff state that this is because it is not a priority, according to research by Close Brothers Asset Management.Its Financial wellbeing index 2019 report, which surveyed 1,003 employers with 200 or more staff ...
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ArticleEXCLUSIVE: The majority of employers do not currently offer a Lisa
EXCLUSIVE: Most employers (78%) do not currently offer a Lifetime individual savings account (Lisa), according to research by Employee Benefits and Barnett Waddingham.The report, Employee Benefits/Barnett Waddingham pensions research 2018, which was published in December 2018 and gathered 246 responses, fount that only 3% of organisations offer employees a Lisa, ...
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ArticleEXCLUSIVE: A third of employers provide financial education in-house
EXCLUSIVE: Approximately one-third (35%) of respondents provide financial education via internal departments or resources, according to research by Employee Benefits and Barnett Waddingham.Published in December 2018, the Employee Benefits/Barnett Waddingham pensions research 2018 report gathered 246 responses, and found that there have been substantial changes when it comes to the ...
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ArticleHalf of employers think that staff financial wellbeing is not their responsibility
Around half (51%) of employer respondents think that staff financial wellbeing is not their responsibility, according to research by pension and investment organisation Aegon.The survey, which canvassed the views of 505 UK HR decision-makers, also found that 45% feel they would be intruding on the personal lives of their employees ...
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Case StudiesBromford uses trust-based working as foundation for holistic reward package
Affordable housing social enterprise Bromford uses a holistic benefits package to empower its 1,800 employees to plan for the future, as well as looking after their health, finances and work-life balance in the present.A key element of this approach is the organisation's commitment to allowing its workforce, which includes field ...
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ArticleEXCLUSIVE: Risk and Business Analytics opens wellbeing hub for 800 UK staff
EXCLUSIVE: Global data and analytics organisation Risk and Business Analytics (RBA), part of Relx Group, has launched a dedicated wellbeing hub for 800 employees based at its UK headquarters in Sutton.The Living Well Hub, which was officially opened on Monday 14 January 2019, aims to help employees focus on their ...
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ArticleEmployee wellness 2019
Click to download Employee wellness 2019Employee wellness 2019 is aimed at helping compensation, reward and benefits professionals understand the key issues driving current wellbeing strategies, as well those shaping future provision.This report looks at the key areas of psychological wellbeing, physical health, financial wellness and motivation and engagement, through the ...
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ArticleEXCLUSIVE: Only two-fifths of employers offer at-retirement support
EXCLUSIVE: Only around two-fifths (39%) of employers offer at-retirement support, according to research conducted by Employee Benefits and Barnett Waddingham.The Employee Benefits/Barnett Waddingham pensions research 2018, which gathered 246 responses and was published in December 2018, found that this is consistent with previous years, as 40% of respondents provided this ...