News – Page 54
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ArticleEXCLUSIVE: Only 13% of business leaders see staff financial wellbeing as a priority
Only 13% of employers include employee financial wellbeing as a top leadership priority, and just 4% see it as a top priority for HR, according to research by Neyber.The 2019/2020 DNA of financial wellbeing report, which surveyed 11,000 employees and 270 employers, also found that, although 73% of organisations had ...
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ArticleCoco di Mama rolls out flexible pay benefit for 270 employees
Italian-inspired food and drink chain Coco di Mama is rolling out a flexible pay benefit that will allow all of its 270 employees, working across 23 cafes, to access their wages ahead of their scheduled paydays. Coco di Mama has been trialling the flexible pay app, provided by Wagestream, since ...
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ArticleEXCLUSIVE: 37% of employers provide financial education to all employees
EXCLUSIVE: The proportion of organisations that provide financial education for all employees has changed little since the research was conducted in 2018, going from 36% to 37% this year, according to research by Employee Benefits.The Employee Benefits/Wealth at Work Pensions research 2019, which was conducted during October 2019 among 135 ...
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ArticleEXCLUSIVE: Majority of employers use in-house teams to provide at-retirement support
EXCLUSIVE: Despite the increased sense that it is a pension provider’s responsibility, the primary source of at-retirement support continues to be HR, benefits, reward, and learning and development teams (34%), and in-house pensions teams (13%), according to research by Employee Benefits.The Employee Benefits/Wealth at Work Pensions research 2019, which was ...
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ArticleEmployees in Aberdeen, Hull and Edinburgh are the richest in the UK
Employees who live and work in Aberdeen, Hull and Edinburgh are among the richest in the UK, according to research by CV Library.The study compared the basic living costs against average salaries for UK professionals in 18 of the UK’s key cities from July 2019 to 20 October 2019. It ...
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ArticleEXCLUSIVE: Almost half of employers offer at-retirement support
EXCLUSIVE: The value of providing at-retirement support is becoming gradually more apparent to employers, with 46% of HR decision-makers stating that their organisation helps staff with this life stage in 2019, compared to 39% of employers in 2018 and 40% in 2017, according to research by Employee Benefits.This increasing interest ...
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ArticleNine in 10 say employers should support all aspects of staff financial wellbeing
Almost nine in 10 (88%) senior HR professional believe it is an employer’s responsibility to provide support on all aspects of staff financial wellbeing, according to research by Smarterly.The research, published in December 2019, surveyed 250 HR professionals within organisations with 300 or more employees. It also found that almost ...
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ArticleNewcross Healthcare rolls out flexible pay benefit to 8,000 health workers
Healthcare organisation Newcross Healthcare is rolling out a flexible pay benefit that will allow 8,000 health workers among its 9,000-strong workforce to access their pay as it is earned, rather than waiting for a monthly pay date. Newcross Healthcare has been trialling the new Flexi Pay benefit for the past ...
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ArticleEXCLUSIVE: 26% want guidance on retirement decisions due to pension freedoms
EXCLUSIVE: The pension freedoms, introduced in April 2015, gave many employees increased choice around how and when to access their pension. However, with more choice and flexibility has come a greater need for guidance around retirement savings.This year, 26% of respondents have found that more employees want guidance around decisions ...
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ArticleEight in ten employees face financial difficulty in January due to early December payday
Eight in ten (82%) UK employees find that getting paid early in December has a negative financial impact in January, according to research by Hastee.Its Christmas research report which canvassed 1,000 employees across the UK and Ireland in November 2019, found that 78% have to use some form of credit ...
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ArticleChipotle enhances mental and financial wellbeing package for 80,000 employees
American fast food restaurant chain Chipotle Mexican Grill is launching an improved suite of mental and financial wellbeing benefits for 80,000 employees in the US and Canada from 2020.Working in association with healthcare solutions provider Health Advocate, Chipotle will be providing employees with a range of benefits, including an employee ...
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ArticleCaring responsibilities lead to 47% reduction in women's pension savings
Being unable to work due to maternity leave and taking time off to raise a family results in a 47% reduction in women's pensions compared to men's; this is considerably higher than the 28% reduction in pension pots caused by the gender pay gap, according to research by Now: Pensions.The ...
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ArticleHSBC India introduces enhanced childcare allowance benefit for 4,000 employees
Financial organisation HSBC India has introduced enhanced childcare benefits for employees returning to work after having a baby, as a part of its approach to supporting and improving staff work-life balance.The organisation, which employs more than 4,000 staff in India, introduced the policy in September 2019. The new initiative will ...
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ArticleChipotle launches employer-paid degree programme for US staff
Mexican restaurant chain Chipotle Mexican Grill has launched a new employer-funded degree programme for its 80,000 US-based employees, offering to pay 100% of the tuition fees for 75 different business and technology degrees provided through Guild Education.The new programme, introduced on 15 October 2019, enables all eligible employees with at ...
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ArticleDebbie Lovewell-Tuck: Optimising financial education
As our Financial Education Week draws to a close, it is time to reflect on some of the trends and issues currently shaping this area of the benefits market.How financially savvy are the employees in your workforce? How many have adequate plans in place to save enough for their retirement, ...
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ArticleEXCLUSIVE: Only 9% of younger employees prioritise retirement savings
EXCLUSIVE: Less than one in 10 (9%) of employees aged between 18 and 35 rank retirement savings as their number one priority, despite 66% of employers believing that pension schemes are a priority for all staff, according to research by Smarterly.The survey of 1,248 employees and 508 HR professionals in ...
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ArticleContinuum Attractions trains mental health first aiders ahead of wellbeing month
Visitor attraction organisation Continuum Attractions has trained 16 mental health first aiders as part of its new mental health awareness strategy.The mental health awareness strategy, which launched this month (October 2019), aims to incentivise Continuum Attractions’ 450 employees to be aware of their own and each other’s mental health. This ...
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ArticleEXCLUSIVE: Royal Bank of Scotland and SAP approach wellbeing holistically
Employee Benefits Live 2019: Financial institution Royal Bank of Scotland (RBS) and software business SAP UK and Ireland shared insights surrounding their respective wellbeing strategies at Employee Benefits Live 2019.In a session titled ‘Fostering a culture to support health and become and employer of choice’, delivered on Wednesday 2 October ...
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ArticleEXCLUSIVE: LinkedIn uses organisational culture as driver for engagement
Employee Benefits Live 2019: Professional social media organisation LinkedIn has adopted a people-first approach to its employee experience, business operations and organisational culture, using this as its key driver for talent attraction, retention and motivation.Closing the conference agenda on Wednesday 2 October at Employee Benefits Live 2019, Katherine Gilbert, senior ...
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ArticleEXCLUSIVE: London City Airport creates diverse financial wellbeing programme
Employee Benefits Live 2019: London City Airport has created a programme that address many aspects of employees' financial wellbeing.Addressing delegates at Employee Benefits Live 2019 at ExCel London, Michael Spiers, chief people officer at London City Airport, explained that the programme was introduced in recognition that employees required support around ...