All Financial wellbeing articles – Page 94
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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 ...
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Case StudiesTurley uses surveys to learn about the financial wellbeing of an age-diverse workforce
National planning and development consultancy Turley has met the challenge of catering to an age-diverse workforce by taking time to understand its employees as people, rather than demographics.Turley has 240 employees, 30% of whom are over the age of 40. The majority are between 25 and 35, but the organisation ...
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AnalysisTop tips for employers that want to improve pay transparency
Need to know:Increased transparency can boost engagement, retention and trust, among other things, meaning that it is well worth tackling ingrained traditions of secrecy surrounding compensation.Employers should find a degree of transparency that suits their organisation and workforce, and should use open communication to ensure it is rolled out smoothly.Pay ...
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Case StudiesBuffer's pay transparency has great effects on internal culture
In November 2013, following several months of internal salary transparency, social media management organisation Buffer took its pay information public, and has since become a prime example of the benefits of open communication about compensation.In the years since, the organisation has grown from a mere 12 staff to have 80 ...
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AnalysisHow can employee share schemes support an employer’s financial wellbeing strategy?
Need to know:Employee share schemes, such as a share incentive plan (Sip) or a sharesave scheme, can help employees develop savings habits and financial confidence.Share schemes can educate staff around organisation shares and how investment works, which can align well with employers’ financial education provisions.Share plans can target employees’ medium ...
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Case StudiesJanus Henderson Investors offers share plans to aid financial wellbeing
Global asset management organisation Janus Henderson Investors has 2,000 employees, 800 of which are in the UK, and offers eight share scheme options. These include a share incentive plan (Sip), a company share option plan (Csop), a sharesave scheme, a restricted share plan, a long-term incentive plan, a deferred equity ...
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ArticleEXCLUSIVE: Samsung extends financial education to employees in Ireland
Exclusive: Multinational technology organisation Samsung has launched an online financial wellness programme for its 40 employees in Ireland.Samsung first launched online financial wellness support, in partnership with Nudge, for its 1,400 UK-based staff in February 2016. As of 24 July 2018, the organisation has extended this to those in its ...
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ArticleEXCLUSIVE: Equifax launches online financial education programme
EXCLUSIVE: Credit reporting agency Equifax has launched online financial education for its 800 UK-based employees.The programme, provided by Nudge, was launched on 10 July 2018 as part of Equifax's wider wellbeing programme, which is being implemented over 2018 and 2019. Called 'AtYourBest', the programme caters to employees based across Equifax's ...
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ArticleEXCLUSIVE: City and Guilds Group launches online financial education
EXCLUSIVE: Skills development organisation the City and Guilds Group has launched an online financial education programme for its 900 UK-based employees.The new programme, provided by Nudge, was implemented on 11 June 2018. It was designed to align with the organisation's key business purpose of developing individual skills and capabilities; the ...
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ArticlePoll: 50% believe employers are responsible for providing pre-retirement guidance
Employee Benefits poll: Half (50%) of respondents believe that employers should shoulder the main responsibility for providing pre-retirement financial guidance to employees.A straw poll of www.employeebenefits.co.uk readers, which received 70 responses, also found that 34% of respondents feel employees should take the primary responsibility for sourcing their own financial guidance ...
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ArticleForeign and Commonwealth Office launches new financial tool for 12,500 employees
The Foreign and Commonwealth Office (FCO) has launched an online financial tool as part of an updated financial wellbeing offering to staff.Money Wizard, which launched on 4 June 2018, was created by Wealth Wizards, and is designed to help and support the financial wellbeing of the FCO's 12,500 employees.The Money ...
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Article30% admit that financial worries are their biggest concern
Financial worries are rife among UK employees, with 30% admitting this is their greatest concern. However, most employers believe that workers are more worried about work-life balance (44%) or workload (33%), according to research by financial wellbeing provider Neyber.The DNA of Financial Wellbeing, Book One, published by Neyber in July ...
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Article6% of employers provide debt consolidation as part of benefits package
Less than one in 10 (6%) of respondents state that their employer provides debt consolidation via workplace lending and counselling services as part of their employee benefits package, according to research by Thomsons Online Benefits.It surveyed 2,000 UK employees working in private sector organisations with more than 500 staff, and ...
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ArticleCo-op launches payroll loan benefit for 63,000 staff
Retail organisation Co-op has launched a payroll loan benefit for 63,000 UK employees to help staff mitigate the potential financial stress caused by high-cost borrowing and personal debt.The benefit, provided by Neyber, was introduced in June 2018 to provide eligible employees with access to a loan scheme where repayments are ...
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ArticleEXCLUSIVE: 34% state cost prevents employers from offering pre-retirement financial guidance
EXCLUSIVE: More than a third (34%) of employer respondents do not offer pre-retirement financial guidance because of the cost, according to research by independent financial and corporate advisers Chase de Vere and independent research organisation Lightbulb.Their survey of 300 senior HR decision makers also found that 42% of respondents believe ...
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AnalysisWhat role can employers have in breaking financial taboos?
Need to know:Employees experiencing financial difficulties may not wish to discuss them at work in case they are perceived negatively by their employer or peers.Benefits such as money coaching or a wealth management portal can help employees learn more about their financial habits, which can ease potential financial issues.Case studies ...
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Case StudiesCarlsberg tackles financial taboos in wellbeing month
Brewery giant Carlsberg promoted financial wellbeing support benefits during its recent wellbeing month, which aimed to combat financial, physical and mental health-related taboos.During May 2018, employees took part in on-site mortgage sessions and hourly one-to-one slots to provide independent mortgage advice. Provided by Radcliffe and Newlands, Carlsberg employees are able ...
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OpinionCharles Cotton: How can employees' personal finances impact on employers?
The Financial wellbeing: the employee view report, published by the Chartered Institute for Personnel and Development (CIPD) in January 2017, found that one in four UK employees believe that money worries have affected their performance at work.This proportion is even higher in certain regions, such as London, and within different ...
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ArticleEXCLUSIVE: Capgemini UK to launch online financial education programme
EXCLUSIVE: Consulting and technology organisation Capgemini UK is going to launch an online financial education programme for its 9,000 employees based across 14 operating sites in the UK.The programme, provided by Nudge, will launch on Wednesday 27 June 2018, and aims to enhance the organisation’s overall wellbeing strategy. Capgemini UK ...
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ArticleEXCLUSIVE: Unum extends online financial education to 130 Ireland-based staff
EXCLUSIVE: Employee benefits provider Unum has extended its online financial education programme to 130 employees based at its Carlow operating site in Ireland.The programme, provided by Nudge, was introduced at Unum Ireland on 21 May 2018 as part of the organisation’s overall global strategy. This seeks to create an organisational ...