News – Page 53
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ArticleDevon Air Ambulance provides flexible pay benefit for 135 staff
Emergency medical service Devon Air Ambulance is giving its 135 employees early access to their pay to avoid financial hardship throughout the Covid-19 (Coronavirus) pandemic.The organisation, which has partnered with income streaming platform Hastee, is giving its employees the opportunity to withdraw up to 25% of their pay, as and ...
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ArticleEXCLUSIVE: NHS organisations offer a multi-faceted financial wellbeing approach
Employee Benefits Reset 2020: As one of the largest employers in Europe, with 1.5 million employees across multiple organisations, the NHS recognises the importance of making sure that financial wellbeing is a key component of the reward strategy.Speaking as part of Employee Benefits Reset 2020 online conference series, Cat Clark, ...
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ArticleEXCLUSIVE: NHS Employers to discuss financial wellbeing at EB Reset 2020
EXCLUSIVE: Catriona Clark, reward programme manager at NHS Employers, will discuss how businesses can commit to financial wellbeing support for their employees at Employee Benefits Reset 2020.The strategy session titled ‘Supporting staff with financial wellbeing' will take place at 10am on Tuesday 13 October in the first ever Employee Benefits ...
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Article67% of employees want more financial wellbeing support from their employers
Just over two-thirds (67%) of employees feel unsupported by their organisation when it comes to financial wellbeing, according to research by Nudge Global.Its survey, which surveyed more than 2,000 employees and HR professionals, also found as little as just under one in 20 (7%) were confident in speaking with their ...
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ArticleTake part in Employee Benefits pensions research for a chance of winning £100 voucher
How is Covid-19 impacting employees’ behaviour around pensions? How are organisations providing financial education with a largely mobile workforce and how are organisations communicating these benefits?Employee Benefits' readers can now benchmark their approach to pensions and retirement by participating in this year’s exclusive Employee Benefits pensions research. The survey aims ...
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ArticleEmployee Benefits Reset online series to explore the latest HR insights and solutions
Employee Benefits Reset online series, which will take place 5 October to 16 October 2020, will play host to a number of speakers discussing the latest trends, insights and solutions in the HR, reward and benefits industry.Up to four events will take place per day, covering the latest topics including ...
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ArticleConfessions of a benefits manager: Candid arranges crisis pensions training
The way Big Bad Boss is carrying on you would think there was a global financial crisis. Well, there is a global financial crisis, but surely this is a time for leaders to calmly steer us to a safer place, not to run around like lost children. Sadly, the Higher ...
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Article72% of employees do not have access to financial education
Nearly three-quarters (72%) of employees do not have access to any form of financial education benefits, according to research by Aegon UK.The study of 2,000 employees, surveyed just before the Covid-19 (Coronavirus) pandemic in December 2019, found that 70% of employees would find general information about ways to improve their ...
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Article16% of employees are worried about their everyday finances
One in five (16%) UK employees are currently worried about their everyday finances (June/July 2020) compared to 28% in April 2020, according to research by Nudge.Its survey of 300,000 employees also found that the percentage of employees worrying about financial budgeting has also decreased, falling from 30% to 14% in ...
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ArticleEXCLUSIVE: Goodlord sees 40% of employees engage with financial coaching
Lettings platform Goodlord has given its 100 employees access to a free financial coach, with 40% of employees booking an appointment within the first two weeks since the benefit was introduced in June 2020.The financial planning and coaching benefit, provided by Hatch, gives each employee a dedicated financial coach offering ...
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ArticleEileen Donnelly: How financial security can impact our wellbeing
Financial security - being and feeling able to make ends meet - is one of the key aspects of a good job and a driver to workplace wellbeing.Which employees are more at risk?While over half of UK households in poverty have at least one person in the household in employment, ...
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ArticleEXCLUSIVE: 33% of employers offer season travel loans to employees
EXCLUSIVE: One third (33%) of employers offer season ticket travel loans to support the financial wellbeing of its employees.The Employee Benefits research 2020, published in May 2020, which surveyed 269 HR decision-makers, also found that a further 33% offer some sort of financial education.Season ticket travel loans remain one of ...
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Article34% of employers do not offer financial support for seriously ill staff
A third (34%) of employers do not provide financial support if employees are diagnosed with a serious illness such as cancer, according to research by Group Risk Development (GRiD).The research, published June 2020, which surveyed 500 human resources decision-makers, also found that just under one in ten (9%) believe that ...
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ArticleGovernment job retention scheme extended to support new staff
Newly hired employees may now be eligible to receive support through the government's Covid-19 (Coronavirus) job retention scheme.The government's new guidelines, published on 15 April 2020, extend the eligibility date by a further three weeks, enabling employees who were employed on or before 19 March 2020 to receive financial support. ...
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ArticleUS sporting institutions to support stadium staff with Coronavirus relief funds
In response to the Covid-19 (Coronavirus) pandemic, several US sporting institutions have pledged to support part-time stadium employees financially, as the crisis has caused economic uncertainty for many individuals working in the sporting industry.On Tuesday 17 March 2020, Minnesota-based basketball teams the Timberwolves and the Lynx, led by owner Glenn ...
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ArticleSalary Finance acquires financial wellbeing platform Neyber
Workplace finance platform Salary Finance has acquired competitor Neyber in a deal completed on 9 March 2020.As part of a pre-pack administration, Neyber's assets have been acquired by Salary Finance, and staff transitioned under Transfer of Undertakings (Protection of Employment) Regulations (Tupe). Pre-pack administration allows for the sale of a ...
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ArticleEXCLUSIVE: Three-quarters of employers feel responsible for staff mental wellbeing
EXCLUSIVE: Three-quarters (75%) of employers feel it is their responsibility to support employee mental wellbeing, according to new research by Group Risk Development (Grid).The survey of 1,165 employees and 500 HR decision-makers, which took place in January 2020, also found that just under half (49%) of employees agreed that the ...
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ArticleMore than a quarter of Bupa employees enroll in flexible pay benefit
As of early February 2020, more than a quarter (27%) of employees at healthcare organisation Bupa had enrolled in the employer's flexible pay benefit.The service, provided by Wagestream, was launched in December 2019, with the goal of helping staff meet costs in the run-up to Christmas. Since then, a quarter ...
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ArticleEXCLUSIVE: Future-proofing financial wellbeing at Employee Benefits Connect 2020
EXCLUSIVE: Zarina Sahni, head of insights at Salary Finance, will bring delegates together to discuss how financial wellbeing can enhance existing initiatives at Employee Benefits Connect 2020.Sahni's huddle sessions, titled 'Futureproofing financial wellbeing', will take place throughout the one-day conference event, and will aim to delve into a number of ...
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ArticleHalf want employers to offer more financial wellbeing support
Half (50%) of employees want their organisations to offer more guidance around improving their financial situation, according to research by Wills Towers Watson.The research, which surveyed 40,000 employees at medium and large private sector organisations across 27 countries between July and September 2019, also found that 62% of employees have ...