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EY to allow consultants to take time away from roles

Employee Benefits

Credit: JHVEPhoto / Shutterstock.com Professional services and accounting firm Ernst and Young (EY) is to allow its UK consultant employees to take time away from their roles. This time away will be unpaid, but staff will receive a bonus worth 25% of their salary when they return.

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Top tips on how employers can reduce the gender pensions gap

Employee Benefits

Women need to be aware of the impact of career breaks and part-time working on their pensions, and how they may be able to mitigate the impact. Here are some practical tips for employers on how they can reduce the gender pensions gap. Find the root causes of the gap. ” Men should also know more about the issue, adds Bolan.

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University of Salford targets communications at specific employee groups

Employee Benefits

Credit: Richard Oldroyd / Shutterstock.com The University of Salford ensures it provides comprehensive financial wellbeing support and education that is targeted at all different groups of employees. These are hosted twice a year by a professional consultancy firm and are free of charge.

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Does crypto currency have a role to play in employers’ pay strategies?

Employee Benefits

It’s being used more for incentive schemes than to replace salary or bonuses,” she explains. Glenn Cameron, investment consultant at actuarial and pension specialists Cartwright, believes one of the currencies, Bitcoin, will become mainstream. The volatility of the price means employees aren’t keen to switch from hard cash.”

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Harness the power of financially resilient employees

Employee Benefits

million lost working hours (Money & Pensions Service). The youngest may crave financial education, whereas those in their prime will be looking towards retirement. Financial education & money management Younger generations, especially those fresh out of school, college or university, need financial education most.

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Supporting everyday financial wellbeing in a changing economic climate

Employee Benefits

Employers are experiencing increasing demand from employees for salary rises because of the pressures on everyday financial wellbeing, such as the ever-rising cost of living , inflation and interest rates. Financial education can be key to helping employees build future financial resilience.

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How is the cost-of-living crisis affecting what employees want from their benefits packages?

Employee Benefits

Benefits that support financial wellbeing and education, including day-to-day budgeting and discounts, can help pay stretch further without raising pay. Financial education and wellbeing For those employers wary of hiking pay to unsustainable levels, the alternative might be to bolster their approach to financial education and wellbeing.