All Employee Benefits articles in Web Issue – Page 1187
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OpinionHelen Undy: Employers should help staff build financial resilience
Overstretched, overdrawn, underserved: Financial difficulty and mental health at work, published by the Money and Mental Health Policy Institute in May 2017, found that two-thirds of UK employees who are struggling financially also show at least one sign of mental ill-health. These are issues that could affect their ability to ...
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OpinionJonathan Watts-Lay: Five ways to help employees facing retirement
In the new world of freedom and choice in pensions, one of the fundamental elements of employee financial wellbeing is retirement preparation. Many employees will turn to their workplace for support at this stage of their life, so Wealth at Work has listed five ways employers can help staff who ...
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Case StudiesHays places financial support at the centre of its wellbeing strategy
Global recruitment organisation Hays recognises the importance of supporting staff with their financial concerns, and addresses this as one of its key pillars of wellbeing.Hays' financial wellbeing strategy covers a range of issues, including debt consolidation and everyday savings. As part of this, Hays promotes its employee assistance programme (EAP) ...
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AnalysisTop tips to support employees with unhealthy financial habits
Need to know:Addictive and unhealthy financial habits, such as gambling, are hard to spot, so financial wellbeing initiatives must offer a variety of supports to help employees with a wide range of needs.Looking into staff behaviours and demographics can help tailor communications and construct a strategy that fits with 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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Supplier articleTop 5 indicators of Millennial employee engagement
A little appreciation makes a world of difference, especially in the workplace. To perform at their best, employees need to know that their hard work is noticed and appreciated.Managers might not be around to witness each and every employee achievement. Often fellow employees are the ones who experience their peers’ ...
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Supplier articleEmployee benefits: staying ahead of the competition in the fight for top talent
Last year, the UK employment rate reached 75.8% - up from 75.3% the previous year and the highest rate since comparable estimates began in 1971. The Office for National Statistics (ONS) figures showed that the number of people in employment increased by 141,000 to a record high of 32.54 million ...
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Supplier articleRemoving friction and barriers is key to financial wellbeing
Money worries are something most people can relate to – in fact research shows that UK workers often run out of cash before payday. For those that have little to no savings to fall back on, this has a detrimental impact on wellbeing. But this financial stress doesn’t just impact ...
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Supplier articleHow to beat those hump day feelings in the office
We all need a pick me up in the middle of the week. After two long days in front of the computer, not doing much apart from thinking about your next snack, the deadline you have looming, and the boss chasing you for answers, it’s not surprising Wednesday’s feel like ...
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ArticleBasic pay expectations in the private sector increase to 2.5%
Basic pay award expectations for quarter one of 2019 have increased from 2% to 2.5% in the private sector, according to research by the Chartered Institute of Personnel and Development (CIPD) and the Adecco Group; this is the highest recorded figure since the research's inception in 2012.The Labour market outlook ...
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ArticleUK ranks at 13 out of top 21 European economies for entry-level salary
Entry-level employees in the UK earn a median gross base salary of £22,242, ranking 13th out of the top 21 European economies, according to research by multinational risk management, insurance brokerage and advisory organisation Willis Towers Watson.Its Global 50 remuneration planning report, which features data on remuneration practices across 60 ...
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ArticleEXCLUSIVE: Learn about recognition and engagement at Employee Benefits Connect
EXCLUSIVE: Debra Corey (pictured), author, speaker and adviser to Reward Gateway, will discuss why employees crave recognition, and how to give them what they want, at Employee Benefits Connect 2019.The session, titled 'How to give employees what they really crave to be engaged', will take place as part of the ...
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OpinionKatherine Wilson: Employers need to be confident in supporting carers at work
Juggling work alongside caring for a loved one who is older, disabled or seriously ill can be a tricky balancing act. Nevertheless, many make this commitment, particularly those in their 40s and 50s.Juggling work and unpaid care: A growing issue, published by Carers UK in February 2019, shows that almost ...
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Case StudiesAviva introduces paid carers’ leave to help employees remain at work
In October 2017, Aviva introduced paid carers’ leave, to ensure that members of its 16,000-strong UK employee base could deal with responsibilities and events in their personal lives, without exiting the workplace.The carers’ leave enables employees who have a dependant, either permanently or in an emergency, to take 10 days ...
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AnalysisHow can employers ease financial burdens for carers?
Need to know:Working carers face unique financial challenges, including receiving lower pay if they have to reduce their hours, and catering to them is vital for retaining key talent.Offering paid carers’ leave is important, as it ensures that employees do not have to choose between using up annual leave or ...
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Case StudiesCoventry Building Society introduces paid carers' leave to mitigate financial worries
Coventry Building Society's paid carers' leave initiative, which launched in July 2018, enables all 2,500 direct employees working across its 70 branches and six head office sites to take up to three days of paid leave a year to accommodate caring responsibilities.Lucy Becque, HR director at Coventry Building Society, says: ...
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ArticleA fifth of job hunters feel benefits and perks make offers more attractive
Nearly a fifth (19%) of respondents who are looking for new employment believe that benefits and workplace perks make job offers more attractive, according to research by CV Library.The online job site's survey of 1,200 prospective employees and 300 employers also found that 21% of organisations agree that benefits and ...
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ArticleThree-fifths cite having more than 28 days of annual leave as an important benefit
Approximately three-fifths (59%) of employees state that having more than 28 days of annual leave within their benefits package is important; however, only 36% of employers offer this, according to research by recruitment organisation Hays.The Hays salary and recruiting trends 2019 guide, which surveyed 7,820 employers and 14,889 employees, also ...
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ArticleTwo Philadelphia restaurants fined $1m for minimum wage and overtime violations
Two Philadelphia-based restaurants, JHSK and Osaka Japan Restaurant, and their owner have agreed to pay a $1 million (£773,805) settlement for minimum wage and overtime violations.The restaurants, both operating as Osaka, have agreed to a consent judgement ordering them to pay $935,000 (£723,507.67) in back pay and liquidated damages to ...
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Supplier articleWhy everyone is talking about flexible benefits
More and more companies are adopting flexible benefits. More and more employees are also looking for flexible benefits options from their employers, as shown in the statistics.So, what are flexible benefits? This can vary depending on what companies are willing to offer their employees.The most common version of flexible benefits ...