All Financial wellbeing articles – Page 99
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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 ...
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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 ...