All Financial wellbeing articles – Page 94
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ArticleEXCLUSIVE: Hachette caricatures employees' future selves to boost pension engagement
EXCLUSIVE: On Wednesday 28 November 2018, London-based publishing organisation Hachette held a workplace pension engagement session at its office on Victoria Embankment, which included seminars, one-to-one chats, and artists drawing 'future self' caricatures.Workplace pensions provider Aegon and pension communications organisation Pension Geeks joined Hachette at its head offices to provide ...
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ArticleKavitha’s keynote: Reducing sickness absence rates is a priority
Earlier this week, we reported that almost a third (29%) of organisations do not record their long-term sickness absence rates, bringing the issue of employee health into the spotlight once again.The EEF health and work survey 2018, carried out by manufacturers’ organisation EEF, in association with insurance provider Howden, also ...
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ArticleHymans Robertson to introduce financial education seminars for 850 UK staff
Pensions and risk consultancy Hymans Robertson is to introduce a series of financial education seminars from January 2019, in order to broaden the wellbeing offering provided for its 850 UK-based employees.The 45-minute, face-to-face seminars, which will be conducted by financial planning and advice business 1825, will be held across Hymans ...
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ArticleMore than a quarter plan to increase investment in health and wellbeing benefits
More than a quarter (29%) of employer respondents state that they are likely to increase investment in their health and wellbeing benefits in the next two years, for example around occupational sick pay, employee assistance programmes (EAPs) and flu jabs, according to research by the Chartered Institute for Personnel and ...
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Supplier article
Poll reveals little support for defaults at-retirement without financial guidance
Speaking at the Personal Investment Management and Financial Advice Association annual conference, the Treasury Select Committee chair Nicky Morgan has called for the introduction of default guidance before individuals are allowed to access their pensions.This stance is supported by a recent poll* by WEALTH at work which found that 86% ...
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ArticleUniversity of Leicester security team achieve victory in dispute over hours and pay
Image credit: UnisonUniversity of Leicester has dropped plans to cut the hours and pay of its security team, following a campaign coordinated by the trade union Unison.The 26-strong team, all of whom are Unison members, would have had their weekly hours cut from 37 to 35, and would also have ...
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ArticlePrysmian Cables and Systems workers accept two-year pay deal to end dispute
Workers at cable manufacturing organisation Prysmian Cables and Systems in Eastleigh, Hampshire, have ended a long-running industrial dispute by voting overwhelmingly for a two-year pay deal.The trade union Unite, which has 162 members within Prysmian Cables and Systems, stated that the workforce voted 85% in favour of a 2% increase ...
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AnalysisEmployee satisfaction: does pay prevail?
Need to know:Money is an important foundation, but cultural changes have arguably created a world in which true engagement, happiness and satisfaction cannot be bought with pay alone.Employees not only expect a broader package of benefits, but will also look to an organisation's culture and impact on the world.Recognition, transparency, ...
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Case StudiesBurns Pet Nutrition harnesses organisational culture to keep employees satisfied
Pet food production organisation Burns Pet Nutrition is based in Kidwelly, Wales, and is home to approximately 125 members of staff. These employees are spread across various roles, both within the core production business and in the organisation’s other ventures, which include a farm café and shop, market gardens and ...
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Supplier articleSeasonal spending & financial wellbeing
Most of us probably end up spending far more over Christmas than we ever intend to, especially with the increasing popularity and temptation of Black Friday and cyber Monday. Our good intentions of getting better organised and budgeting for next year always seem to get lost somehow.Simply maxing out the ...
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ArticleKavitha Sivasubramaniam: Embracing a rolling wellbeing programme
As our Wellness Week, in association with Incorpore, draws to a close, it is time to reflect on some of the trends and issues currently shaping this area of the benefits market.Promoting and supporting employee wellbeing is high on the agenda at those organisations that recognise the significant impact it ...
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AnalysisHow can preventative health measures support employee wellness?
Need to know:Before implementing a preventative wellness strategy, employers should uncover the specific health and wellbeing challenges faced by their workforce.Proactive wellness initiatives should consider both physical and mental health; on-site or subsidised yoga classes, for example, can be a good way to address both.Technology is vital in helping to ...
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ArticleA third believe financial wellbeing benefits are very important
A third (33%) of respondents believe that financial wellbeing benefits, such as a pension, holiday and bonus pay, are very important when considering where to work, according to research by UK consultancy Barnett Waddingham.Its Why BWell: where’s your head at? report, which surveyed 3,000 full and part-time employees between the ...
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ArticlePay growth rate of 0.9% in last quarter was highest since December 2016
Regular pay in real terms, namely adjusted for inflation, increased by 0.9% between July to September 2017 and July to September 2018, according to the UK labour market report from the Office for National Statistics (ONS). This represents the highest pay growth rate since October to December 2016.Matt Hughes, senior ...
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ArticleEAT upholds decision that Addison Lee drivers are not self-employed
Taxi organisation Addison Lee has lost an appeal against an Employee Tribunal (ET) ruling, which stated its drivers are not self-employed contractors running their own businesses.The Employment Appeal Tribunal (EAT) confirmed that the true nature of the relationship is that the drivers work for the organisation, upholding the decision reached ...
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Case StudiesNationwide uses matching contributions to encourage employees to save more
Nationwide Building Society's 18,000 employees benefit from generous minimum pension contributions; they save 4% of their salary into their pension pot, while their employer adds a further 13%.To encourage positive spending habits even further, however, the organisation also offers to match employees’ contributions if they save over and above this ...
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AnalysisHow can behavioural psychology tailor workplace savings messages to staff?
Need to know:A behavioural psychology approach to workplace savings communications can help employees develop positive savings habits.The language used in communications should target different motivators to ensure that the underlying message resonates with as many employees as possible.Employees sharing personal experiences can help to motivate behaviour change, but employers must ...
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OpinionSteven Doyle: How to use behavioural psychology to tailor a benefits approach
Behavioural psychology was first popularised in 2008, with the publication of the bestselling book Nudge: Improving decisions about health, wealth and happiness, written by University of Chicago economist Richard Thaler and Harvard Law School Professor Cass Sunsteinand. Since then, there has been a growth in the application of ‘nudge theory’, ...
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ArticleTimpson to be first employer to trial 'sidecar savings' auto-enrolment model
Shoe repair organisation Timpson will be the first employer to trial a new 'sidecar savings' model for auto-enrolment, launched by Nest Insight.In a sidecar structure, contributions over and above the auto-enrolment minimum are managed through a mechanism designed to create an optimal level of liquid savings, while also maximising long-term ...
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ArticleLeigh Day lodges first batch of claims on behalf of Morrisons store workers
The first batch of equal pay claims against supermarket chain Morrisons has been lodged with the Employment Tribunal by legal organisation Leigh Day.The law firm is seeking compensation for store workers, who are predominantly female, and who claim that they are paid less for work of equal value to ...