All Financial wellbeing articles – Page 94
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Article84% of employees now saving into workplace pensions
Workplace pension saving rates continue to rise, with 84% of employees now contributing to an employer plan, compared with 77% last year, according to the latest figures from The Pensions Regulator (TPR).TPR's annual commentary and analysis report, released on 20 September 2018, claims auto-enrolment has now reached a steady state, ...
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ArticleTwo-thirds of SME bosses fear staff face benefits gap
Nearly two-thirds (63%) of small and mid-sized enterprise (SME) owners are concerned their staff face a benefits gap in comparison with the workforces of larger employers, according to a study commissioned by MetLife UK.The research, carried out by Opinium in March 2018 among 508 decision-makers at organisations employing between 50 ...
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ArticleNoodles and Company to offer maternity leave transition programme with full pay
Image credit: Noodles and CompanyUS restaurant organisation Noodles and Company has announced that from next year, expecting and postpartum mothers will be able to work an 80% schedule four weeks before and four weeks after maternity leave, while receiving full pay.The maternity leave transition programme is an addition to the ...
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ArticleMenzies staff at Luton Airport win 8.75% rise in pay negotiations
Staff employed by Menzies Aviation at Luton Airport who are members of the trade union Unite will receive a wage increase of 8.75%.The agreement was struck after a series of pay negotiations with Menzies, which commenced following a vote by workers in favour of strike action. This has now been ...
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ArticleNew TPR approach to put pension schemes under greater scrutiny
The Pensions Regulator (TPR) has announced a shift in its approach to workplace pension regulation, meaning schemes will face increasing scrutiny and a greater likelihood of intervention, from October 2018.Following a review of its operating model, the regulator will introduce a new supervision regime to monitor schemes more closely and ...
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ArticleWorkplace pension savers engage more when pot breaches £5,000
Workplace pension savers cross a boredom threshold and become more engaged with their pot once it breaches £5,000, according to research by Hargreaves Lansdown.Its The rules of engagement report, published in September 2018, reveals that 50% of Hargreaves Lansdown workplace pension members with less than £5,000 saved are engaging with ...
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ArticleEXCLUSIVE: A third of employers offer an integrated wellness strategy
EXCLUSIVE: A third (33%) of employers offer an integrated wellness strategy, incorporating physical, mental, emotional and financial wellbeing, according to research by Employee Benefits and Health Shield.The Employee Benefits/Health Shield healthcare research 2018 report was published in August and surveyed 162 respondents. It also found that the number of employers ...
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ArticleHalf of employers believe a financial wellbeing strategy is key to employee wellbeing
Half (50%) of employer respondents view implementing a financial wellbeing strategy as key to improving employee wellbeing, according to research by Neyber.Its 2018 edition: The DNA of financial wellbeing, our borrowing needs report, which surveyed 10,000 UK employees and 580 employers, also found that 30% of employer respondents opted to ...
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AnalysisHow can benefits technology promote a more inclusive workplace?
Need to know:Benefits technology should be fully accessible to every employee, no matter their personal situation, in order to promote an inclusive working environment.Technology allows for greater inclusion by reaching a wide range of ages, demographics and remote staff, including those with disabilities who may find standard communication tools difficult ...
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ArticleRegular pay growth rate of 2.9% between May and July 2018 outstrips inflation
Average regular pay excluding bonuses in Great Britain increased by 2.9% between May to July 2018, up from 2.7% in the three months to June 2018, according to the latest UK labour market bulletin from the Office of National Statistics (ONS).This pay growth rate has outstripped inflation, which stood at ...
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Supplier article
Building employability skills across future generations
WEALTH at work has recently awarded a sponsored scholarship to Alex Todd, a student at the University of Lincoln.This exciting opportunity was made available as a result of both organisations having a shared interest and commitment to the development of educational needs from the classroom into the workplace.It follows a ...
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AnalysisThe benefits and practicalities of an integrated healthcare strategy
Need to know:An integrated rather than siloed approach to healthcare, incorporating mental and physical health, can boost the benefits to engagement and productivity.Employers can reduce the range of treatments needed to support employees, while reaping the rewards of more effective products.External advisers can help to mitigate the logistical issues by ...
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Case StudiesAI helps Causeway employees make informed financial decisions
Causeway Technologies develops software and services for the construction industry, employing around 220 people across four different office locations in the UK and overseas.Employee wellbeing is a key priority for the organisation, and it views employees’ financial health as one of the six key areas of its wellbeing strategy.Fiona Buchanan, ...
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AnalysisHow artificial intelligence is influencing the world of employee benefits
Need to know:Artificial intelligence (AI) is already transforming the speed with which financial advice is delivered in the workplace, tailoring messages to employees, as well as helping them to make healthier lifestyle choices.In the near future, AI is expected to continue personalising information to increase employee engagement with benefits, leading ...
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ArticleLorraine Harper: Should employers encourage taking retirement sabbaticals?
The cliff edge of retirement can have a dramatic effect on personal wellbeing and self-worth, so a gradual move is a good way to ease into a different lifestyle, probably on a lower income.The concept of winding down to retirement is not new. Traditionally, this has taken the form of ...
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ArticleA third of employers have the appetite to pay for employees' financial advice
A third (33%) of organisations have the appetite to pay for financial advice for their employees in 2018, according to corporate advisory firm Chase de Vere and research organisation Lightbulb.Their research, which involved phone calls with 10,000 UK employers and in-depth interviews with 300 senior HR decision makers from organisations ...
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OpinionJulia Waltham: Childcare vouchers are crucial for working families
Childcare is a crucial issue for many families in the UK. For a large majority, their decision to work is dependent on the availability of good quality, local, and crucially, affordable childcare. But for many families, the numbers just do not add up. Family and Childcare Trust's Childcare Survey 2018, ...
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ArticleTGI Friday's employees commence fifth strike over tip and pay policies
Workers at American restaurant chain TGI Friday's who are members of the union Unite have begun strike action today (24 August 2018), in continuation of a dispute regarding tips and minimum wage.The strike is being undertaken by employees at restaurants in Milton Keynes, Covent Garden and Stratford City. Protests will ...
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ArticleKavitha’s keynote: Is money on everyone's minds?
New research has revealed that nearly half of businesses have no financial wellbeing strategy in place to help staff. And, although 84% of those surveyed recognise there is a need education and guidance around money, 60% do not offer any form of guidance for their workforce.The study by pensions and ...
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ArticleHalf of employers do not have a financial wellbeing strategy
Almost half (49%) of employers do not have a financial wellbeing strategy in place for their employees, according to research by pensions and investment consultancy Barnett Waddingham.Beyond Pensions: Pension and the Provision of Wider Financial Wellbeing, an Employer’s Perspective, which surveyed 200 UK organisations and 43 of the firm’s client ...