News – Page 57
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ArticleStarbucks extends education benefit to 5,000 UK employees
US-based coffee organisation Starbucks has extended its education benefit, offering to pay the tuition fees for online university degrees for its 5,000 UK employees.The Starbucks Degree Achievement Plan (SDAP) will enable UK-based staff to undertake a university degree programme with Arizona State University (ASU) via an online portal, with Starbucks ...
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ArticleEXCLUSIVE: Arup launches digital financial wellbeing tool for 5,700 UK staff
EXCLUSIVE: Multinational engineering and design organisation Arup has launched a digital financial wellness tool for its 5,700 UK employees.The online tool, which was launched on 22 March 2019, will be provided to UK-based staff, who are spread across 16 offices, for one year. Following this period, Arup plans to assess ...
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ArticleRoadchef launches flexible income benefit for 600 staff
Motorway and trunk road service operator Roadchef, which employs more than 3,300 staff in the UK across 30 locations, has launched a new flexible income benefit for the 600 employees based at its Chester, Clacket Lane and Northampton operating sites.The Get Paid As You Go platform, provided by Wagestream, was ...
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ArticleEXCLUSIVE: SSE extends online financial education for Ireland-based staff
EXCLUSIVE: Energy organisation SSE has extended its online financial education programme to 1,000 employees working in Ireland.SSE originally launched its financial education programme, provided by Nudge, in January 2018 for 20,000 employees working across its 150 UK operating sites.The extended provision was launched in Ireland on 1 March 2019, featuring ...
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ArticleConfessions of a benefits manager: Candid seeks financial support at work
I’ve decided to do something about financial support at work and financial wellbeing in general. Not just my own; you only have to look around the office to see how stressed out and worried everyone is. It’s hard to know if they are lying awake at night over their mortgage, ...
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ArticleEXCLUSIVE: Moneysupermarket Group launches financial coaching and planning
EXCLUSIVE: Financial services comparison organisation Moneysupermarket Group has introduced a financial coaching and planning benefit for its 750 employees, in order to proactively support their financial wellbeing.The new benefit, provided by Hatch, offers employees a free session with a financial coach; the coach uses a software programme to visualise how ...
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ArticleEXCLUSIVE: A third have seen engagement boost as a result of pension freedoms
EXCLUSIVE: Engagement with pensions is cited by 34% of organisations as one of the top effects of the introduction of pension freedoms, according to research by Employee Benefits and Barnett Waddingham.The Employee Benefits/Barnett Waddingham pensions research 2018, which surveyed 246 respondents and was published in December 2018, also found that ...
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ArticleKavitha Sivasubramaniam: Evolving to become about much more than physical health
As our Occupational Health Week, in association with Health Shield, draws to a close, it is time to reflect on some of the trends and issues currently shaping this area of the benefits market.In recent years, health and wellbeing strategies have evolved to become about much more than just physical ...
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ArticleEXCLUSIVE: Intangible assets are key to demonstrating return-on-investment
Employee Benefits Connect 2019: The way organisations measure return-on-investment (ROI) for employee benefits should take into consideration intangible assets, such as branding, employee goodwill, customer relationships, intellectual property and knowledge sharing, according to Alex Tullett (pictured), director of decision science and consulting at outsourcing and professional services firm Capita HR ...
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ArticleEXCLUSIVE: Siemens reshapes reward for the future of work
Employee Benefits Connect 2019: Siemens has seen a dramatic shift in the way it works, from the rise of competition from smaller organisations and start-ups, to increased globalisation and remote capabilities. To prepare for these changes, the organisation has overhauled its approach to reward and the employee experience.As part of ...
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ArticleEXCLUSIVE: Two-fifths of organisations offer cash to staff who reach lifetime or annual limits
EXCLUSIVE: Two-fifths (42%) of organisations offer cash as an alternative to pension contributions for those employees that reach their lifetime or annual allowance limits, according to research by Employee Benefits and Barnett Waddingham.The Employee Benefits/Barnett Waddingham pensions research 2018, published in December 2018, gathered 246 responses. It found that the ...
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ArticleKavitha Sivasubramaniam: Finding flexible ways to reduce financial worries
As our Financial Wellbeing Week, in association with Wealth at Work, draws to a close, it is time to reflect on some of the trends and issues currently shaping this area of the benefits market.An increasing number of businesses are recognising the affects of financial worries on employees, particularly the ...
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ArticleEXCLUSIVE: Less than two-fifths of organisations offer financial education to employees
EXCLUSIVE: The number of organisations offering financial education to all staff has reduced slightly this year, dropping from 41% in 2017 to 36% in 2018, according to research by Employee Benefits and Barnett Waddingham.The Employee Benefits/Barnett Waddingham pensions research 2018, which gathered 246 responses and was published in December 2018, ...
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ArticleFour-fifths rely on alternative finance options to source money between paydays
Almost four-fifths (78%) of UK employees rely on finance options such as credit cards in order to source money quickly between paydays, according to research by on-demand pay provider Hastee Pay.The study, which surveyed 1,000 working individuals in the UK, also found that among London-based employees, the proportion relying on ...
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ArticleEXCLUSIVE: Face-to-face methods are most popular for delivery of financial education
EXCLUSIVE: Among those organisations that offer financial education to their employees, face-to-face delivery continues to be the most popular method, according to research by Employee Benefits and Barnett Waddingham.The Employee Benefits/Barnett Waddingham pensions research 2018 report, which canvassed the views of 246 respondents and was published in December 2018, found ...
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ArticleCamden Town Brewery sees 30% take up of flexible pay benefit
London-based Camden Town Brewery has seen 30% of its 160-strong workforce utilise a benefit that enables them to access a percentage of their monthly wages prior to payday.The benefit, provided by Wagestream, was introduced in September 2018 to help reduce employees’ financial stress and assist with monthly budgeting challenges, addressing ...
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ArticleAlmost two-fifths of employers do not view financial wellbeing strategies as a priority
Almost two-fifths (37%) of employer respondents that have no plans to implement a financial wellbeing strategy for staff state that this is because it is not a priority, according to research by Close Brothers Asset Management.Its Financial wellbeing index 2019 report, which surveyed 1,003 employers with 200 or more staff ...
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ArticleEXCLUSIVE: The majority of employers do not currently offer a Lisa
EXCLUSIVE: Most employers (78%) do not currently offer a Lifetime individual savings account (Lisa), according to research by Employee Benefits and Barnett Waddingham.The report, Employee Benefits/Barnett Waddingham pensions research 2018, which was published in December 2018 and gathered 246 responses, fount that only 3% of organisations offer employees a Lisa, ...
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ArticleEXCLUSIVE: A third of employers provide financial education in-house
EXCLUSIVE: Approximately one-third (35%) of respondents provide financial education via internal departments or resources, according to research by Employee Benefits and Barnett Waddingham.Published in December 2018, the Employee Benefits/Barnett Waddingham pensions research 2018 report gathered 246 responses, and found that there have been substantial changes when it comes to the ...
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ArticleHalf of employers think that staff financial wellbeing is not their responsibility
Around half (51%) of employer respondents think that staff financial wellbeing is not their responsibility, according to research by pension and investment organisation Aegon.The survey, which canvassed the views of 505 UK HR decision-makers, also found that 45% feel they would be intruding on the personal lives of their employees ...