All Financial wellbeing articles – Page 95
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ArticleEXCLUSIVE: Octopus Group sees 15% take-up of financial coaching benefit
EXCLUSIVE: Investment organisation Octopus Group has seen 15% of its 700 UK employees take up a financial coaching benefit in the first four weeks since it launched in March 2018.The benefit, provided by Hatch, was introduced to help employees improve their financial confidence, as a poll conducted in March 2018 ...
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ArticleEXCLUSIVE: Virgin Atlantic launches online financial education programme
EXCLUSIVE: Airline organisation Virgin Atlantic has launched an online financial education programme for its 9,500 UK-based staff, including Virgin Holiday employees.The programme, provided by Nudge, was implemented on 1 May 2018 to form part of Virgin Atlantic’s overall wellbeing strategy, called Working Well, Living Better. The wellbeing strategy focuses on ...
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ArticleJohn Lewis Partnership launches housing rental benefit for 85,500 staff
Retail organisation John Lewis Partnership has launched a property rental benefit for its 85,500 John Lewis and Waitrose employees, in order to support staff financial wellbeing.The new benefit, provided by Canopy, was introduced on 18 May 2018 and enables employees to rent accommodation without a cash deposit, as well as ...
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Supplier articleFour hidden places to find more benefits budget
By Debra Corey, Group Reward DirectorLow budget, no budget, we’ve all been there. Challenged by wanting to put in place a new HR initiative, but not quite sure how we’re going to find the money to do so? Well, I’m here as your savings “fairy,” flying in to share with ...
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ArticleInchcape introduces tool insurance for vehicle technicians across the UK
Automotive retailer Inchcape UK has updated its benefits package to include personal tool insurance for its 1,000 vehicle technicians, working across more than 100 centres around the UK.The new provision, introduced on 1 May 2018, gives technicians the opportunity to be included, free of charge, in the additional benefit of ...
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ArticleEXCLUSIVE: Aspen launches online financial education programme
EXCLUSIVE: Insurance and reinsurance organisation Aspen has launched an online financial education programme for its 700 UK employees.Its financial education programme, which is provided by Nudge. launched on 20 April 2018, ahead of Aspen's annual flexible benefits selection window in May. It was launched via an email campaign and through ...
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ArticleChicago restaurant employees earn $2,000 tip
Something for the weekend: A customer dining at a restaurant in Chicago generously gave employees a total of $2,000 in tips.The diner, Mike, who was visiting from Seattle, was so impressed by his dining experience at Boka, Chicago, he claimed it was the "absolute best service and food I have ...
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ArticleConfessions of a benefits manager: Candid looks into retirement planning
I need you to know I am really not that old. It is true that a girl in the bank told me, condescendingly, that ‘nowadays’ people do not ask for statement folders. It is also true my hairdresser keeps referring to her mother and me in the same sentence. Yet, ...
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Article67% of employers do not offer financial support or guidance
More than two-thirds (67%) of respondents do not provide financial support or guidance for their employees, according to research by Thomsons Online Benefits.Its UK Employee benefits watch report 2018: Creating the ultimate employee connection report, which surveyed 450 UK employers representing approximately 1,800,000 employees, also found that 70% do not ...
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ArticleHays UK, Talk Talk and GSK shortlisted for best financial wellbeing strategy
Recruitment firm Hays UK (pictured), telecommunications provider Talk Talk Group and pharmaceutical organisation GlaxoSmithKline (GSK) are among the organisations shortlisted in the best financial wellbeing strategy category at the Employee Benefits Awards 2018.The award, sponsored by Wealth at Work, recognises an employer that uses a proactive approach to its workforce’s ...
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AnalysisInfographic: The main financial wellness drivers for employees in 2018
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Case StudiesACCA uses behavioural economics to engage staff with financial health
Global professional accountancy body the Association of Chartered Certified Accountants (ACCA) offers its employees financial benefits via an online platform that places behavioural economics at the heart of its philosophy.The organisation, which employs 900 people in London and Glasgow, sends out personalised emails or text 'nudges' through its programme based ...
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AnalysisWhat elements of behavioural economics can employers build into a financial wellbeing strategy?
Need to know:Behavioural economics can be used to nudge employees in the right direction when making decisions impacting their financial wellbeingEmployers can learn from the auto-enrolment experience which built on using employees' inertia to boost pension saving in the UK.Encouraging staff to commit to save more tomorrow can also support ...
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Supplier article
Aon Client Briefing - Spring Budget
It is clear that the Chancellor wishes to “keep his powder dry” for what promises to be an eventful 2017. Whilst a relatively uneventful Budget, this should not mask the changes currently underway from previous Budgets. Many of these are significant for Employee Benefits and in need of urgent review ...
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Supplier article
Examining the correlation between employee health and financial wellbeing
As well as the comprehensive whitepaper, we have also created a short summary of the key findings, which we strongly recommended you read.Download the findings here
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Supplier articlePodcast: How to help your employees with their financial goals
The industry’s first and only podcast series is back, delving deeper into what employers need to do to rise to the top of the market with their benefits programme, and stay there! Listen to our industry experts break daunting subjects down into easy-to-understand, bite-sized nuggets, with top ...
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ArticleEXCLUSIVE: An integrated approach is the future for financial wellbeing strategies
Employee Benefits Connect 2018: Employers are looking for an integrated financial wellbeing strategy that features both employee benefits products and financial education.Speaking as part of the wellbeing stream at Employee Benefits Connect 2018 on Wednesday 28 February, Monica Kaila (pictured), co-founder and director at Neyber, and Nick Burns, chairman of ...
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ArticleTim Goodwin: Does the government’s response to the Taylor Review go far enough to protect workers?
The government has finally set out its response to the Taylor Review, which looked at how changes in the workplace, and in particular, the rise of the gig economy, affect our employment rights. Unfortunately, the response is not particularly inspiring.For starters, there is not an awful lot in it. Rather ...
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ArticleRuth Buchanan and Hannah Martin: Does the government’s response to the Taylor Review go far enough to protect workers?
The future of work is here; or is it? In February 2018, the government released its response to the Taylor Review of Modern Working Practices and there are likely to be a lot of changes for employers to get to grips with.The government proposes to take action on 52 of ...
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ArticleKatie Bailey: Does the government’s response to the Taylor Review go far enough to protect workers?
The government’s eagerly awaited and lengthy response to the Taylor Review, which was published in February, has elicited mixed commentary. On the one hand, Matthew Taylor himself has welcomed the fact that virtually all of his recommendations were accepted in principle, and the commitments expressed by the government to improve ...