All Financial wellbeing articles – Page 98
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ArticleUber drivers set for 24-hour strike over workers' rights
Uber drivers in London, Birmingham and Nottingham are to stage a 24-hour strike over worker's rights from 1pm today and will hold protests outside the organisation’s offices in each of the three cities.The industrial action has been called by the United Private Hire Drivers (UPHD) branch of the Independent Workers ...
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ArticleTwo-fifths of employers provide financial education because it is a valued employee benefit
Two-fifths (40%) of employer respondents provide financial education to their workforce because it is viewed as a valued employee benefit, according to research by financial planning and investment organisation Close Brothers Asset Management.Its Close Brothers business barometer report, which surveyed 900 UK employers, also found that 37% have implemented financial ...
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ArticleEXCLUSIVE: Mundipharma offers choice and convenience with new flexible benefits strategy
Employee Benefits Live 2018: Pharmaceutical organisation Mundipharma’s overhauled flexible benefits package offers wider choice to employees.In a session entitled ‘Building a flexible benefits strategy for the future’, which took place as part of the benefits strategy stream at Employee Benefits Live on Tuesday 2 October, Amy Goodwin, head of reward ...
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ArticleEXCLUSIVE: DWP calls for HR professionals to act as workplace pensions advocates
Employee Benefits Live 2018: HR professionals and employers can help the Department for Work and Pensions communicate the benefits of saving into a workplace pension.In a session titled ‘Auto-enrolment – what can HR learn from the DWP’s national multichannel campaign’, Mary Hennessey, head of marketing and communications at the DWP, ...
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ArticleEXCLUSIVE: RBS’ Cowan says changing workplace requires individual pensions approach
Employee Benefits Live 2018: Changes to the workforce mean the days of a one-size-fits-all approach to lifetime savings are over.In a session titled ‘Lifetime savings for a changing workplace culture and demographic’, Jim Cowan, head of benefits at RBS Group, told delegates that personalisation is the key to the future ...
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ArticleNearly a third of employees say they are not motivated at work
The proportion of people saying they are not motivated at work rose to 29% in 2017, from 18% the previous year, according to a study by reward and recognition consultant Motivates.The April 2018 survey of 2,000 UK employees for the report Living to work asked respondents to reveal the causes ...
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OpinionJonathan Maude: The legal perspective on flexible working arrangements
'Flexibility' is the buzzword around modern working. If employers do not embrace a flexible working pattern, they are likely to lose talent to competitors, and in the current uncertain market and economic conditions, this is the last thing they can risk. So, employers need to fully embrace flexibility for the ...
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ArticleEmployee Benefits Live 2018 set to welcome delegates to ExCeL London
Employee Benefits Live 2018, the largest dedicated reward and benefits event in Europe, is set to welcome delegates to ExCeL London for its 20th anniversary this week.The event, held on Tuesday 2 and Wednesday 3 October 2018, will allow HR, reward and benefits professionals to explore the latest industry innovations ...
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ArticleMaster trust pension schemes now required to apply for TPR authorisation
Legislation now in force means all new and existing master trust pension schemes must apply to The Pensions Regulator (TPR) for authorisation to show they meet a revised set of safeguarding standards.A master trust is an occupational pension scheme that provides money purchase benefits for multiple, unconnected employers.From 1 October, ...
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ArticlePHMG adds paid wedding leave and 'proud parent' leave to staff benefits
Audio branding organisation PHMG has added wedding leave and 'proud parent' leave to its benefits package to help mark this year's National Work Life Week on 1 to 5 October.Staff at Manchester-based PHMG, which employs 450 workers across the UK, US, Canada and Australia, will be entitled to an extra ...
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OpinionProfessor Alex Bryson: All-employee share plans increase loyalty and productivity
Across Britain, around half of all listed organisations run some kind of all-employee stock purchase plan (ESPP), offering workers the opportunity to buy shares in the firm at discounted rates.In How does shared capitalism affect economic performance in the UK?, Bryson and Freeman, 2010, we found plan members behave differently ...
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ArticleCommunisis workers call off strikes after accepting 9% pay offer
Employees at Crewe-based printing organisation Communisis have called off planned strike action after an offer of a 9% pay increase was accepted by members of the Unite union.Communisis workers, who produce cheques and chequebooks, had initially voted for strike action after rejecting an 8% pay rise spread over three years, ...
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Supplier articleWhy are financial benefits so critical to employee experience?
By Debra Corey, Group Reward Director In a report that was published just four years ago, Barclays referred to financial wellbeing as “the last taboo in the workplace” – the one area that HR professionals were still afraid to delve into when it came to their reward and benefits offerings.But ...
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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 ...