Employee Benefits

JANUARY 26, 2023

Shaping a strategy for financial wellbeing at work can be tricky. How do you know whether you’re doing enough to support your employees? In this article, we’ll cover what employee financial wellbeing is, why it’s a win-win for employees and employers, and the best strategies to support your employees’ financial wellbeing.

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Employee Benefits

FEBRUARY 20, 2023

The cost-of-living crisis is hitting the UK hard, impacting employees’ financial, physical, and mental wellbeing. In this blog, we take a look at: essential support for your employees’ households, stretch salaries further with our Household Support Card, ease of access, and making your employees’ wages work as hard as they do.

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eni

SEPTEMBER 27, 2023

In an era where financial uncertainties are widespread and challenges manifold, it's imperative that organizations play a more active role in safeguarding their employees' financial well-being. This is not just an altruistic pursuit; financially secure employees tend to be more productive, satisfied, and engaged in their roles.

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cipHR

JULY 30, 2020

The impact of money worries on employee wellbeing and performance shouldn’t be underestimated. Here’s why financial wellbeing should be on your agenda, and five ways to make a difference. Too often, employee wellbeing initiatives can focus solely on physical and mental health.

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Achievers

DECEMBER 19, 2023

A healthy workforce is a prerequisite for sustained success in any industry, but the new normal has led to a wide range of challenges to employee wellbeing. However, with these challenges come opportunities to leverage new technologies and new ways of thinking to elevate employee wellbeing like never before.

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Employee Benefits

FEBRUARY 29, 2024

We’ve released a brand-new eBook – Money Mastery: Proactive and affordable steps to enhance employee wellbeing. To gather our exclusive data, we interviewed over 2,000 UK employees and over 500 HR professionals to discover the state of employee financial wellbeing. in 2019 to 7.8

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Employee Benefits

MARCH 5, 2024

Employee Benefits poll: More than one-third (39%) of organisations said that private medical and dental insurance is the most popular form of employee financial support that they offer, according to a survey of Employee Benefits readers.

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Employee Benefits

FEBRUARY 12, 2024

Financial wellbeing has a key role to play in supporting HR goals such as recruiting and retaining employees and improving productivity. However, the factors influencing financial wellbeing strategies are changing. Key topics shaping future financial wellbeing strategies 1.

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Employee Benefits

JANUARY 17, 2024

It’s a great word encompassing employee wellbeing, financially, mentally, and physically. During this blog, we’ll explore the topic of resilience in relation to employee financial wellbeing and the role that HR and prioritising financial wellbeing at work must play in achieving it.

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Employee Benefits

MAY 17, 2024

Events of the last few years, such as the cost-of-living crisis, have impacted many individuals’ mental wellbeing. Research published this week by financial wellbeing platform provider Wagestream found that 54% of the employees surveyed said their mental health has declined due to concerns about their financial situation.

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Employee Benefits

MAY 1, 2024

One-third (34%) of employers said health and wellbeing support is more important than ever to recruitment and retention, according to research by health and wellbeing firm Towergate Health and Protection. The post 34% say health and wellbeing support is important to recruitment and retention appeared first on Employee Benefits.

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Employee Benefits

APRIL 8, 2024

Credit: Ceri Breeze / Shutterstock.com Roadside service area operator Roadchef has rolled out payroll and financial support for its 3,500 UK employees as part of its commitment to the financial wellbeing of its workforce. The employer also wanted a modern alternative to its legacy payroll system.

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Employee Benefits

FEBRUARY 21, 2024

Just 40% of UK employees feel their organisation is supporting them through the cost-of-living crisis , according to research by Reward Gateway. However, employees rank financial wellbeing over mental wellbeing, at 65% and 60% respectively.

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Employee Benefits

FEBRUARY 21, 2024

There is a need to truly understand employees or members; as well as your objectives, this will lead to improved communication, engagement and, ultimately, better, more personalised outcomes. As people start to consider their health, wealth and self, employers can be a big part of helping employees to plan for a financially secure future.

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Employee Benefits

FEBRUARY 13, 2024

Mental health support will be the most in-demand health and wellbeing benefit in 2024, according to research from Towergate Health and Protection. The survey of 500 HR professionals found that 41% are expecting to see an increase in demand for mental health support from their employees.

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Employee Benefits

APRIL 2, 2024

More than three-quarters (76%) of employers measure the impact of supporting the health and wellbeing of their staff, according to research by Group Risk Development (Grid). Almost all (99%) respondents that measure this believe that supporting the health and wellbeing of their staff has a positive impact on their business.

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Employee Benefits

JANUARY 1, 2024

Regular breaks during working hours can help to avoid burnout and boost employees’ physical wellbeing. Employers can support employees suffering from seasonal affective disorder by rearranging the workplace to maximise natural light or enable them to sit near a window.

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Employee Benefits

APRIL 11, 2024

Read on to discover five ways to manage workplace stress, helping reduce absenteeism and increase employee engagement. Understanding the risks of excessive workplace stress Before we go on, it’s important to note that the workplace isn’t the only source of stress in an employee’s life. Why wouldn’t you want to reduce stress?

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Employee Benefits

JANUARY 4, 2024

Introduction: Intuit’s goal is simple, to improve wellbeing for the diverse Intuit employee population and to deliver an integrated financial wellbeing communication strategy that draws on different themes each month, and always ties back to financial education.

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Employee Benefits

MAY 16, 2024

Just two-fifths (39%) of HR decision-makers believe their current wellbeing strategy adequately meets the needs of their workforce, according to research by benefits consultancy PIB Employee Benefits. Conversely, 34% said they do not have any wellbeing strategy and do not know where to start.

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Employee Benefits

SEPTEMBER 14, 2023

According to respondents, their benefit strategies are being driven by a desire to meet the needs of all employees (56%) and improve employee wellbeing (46%). According to respondents, their benefit strategies are being driven by a desire to meet the needs of all employees (56%) and improve employee wellbeing (46%).

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Employee Benefits

FEBRUARY 5, 2024

Jonathan Watts-Lay, Director, WEALTH at work, answers some key questions on the cost effective options available for employers to support financial wellbeing in the workplace. What options are available to employers to offer staff financial wellbeing support without breaking the budget? Are they being used?

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Employee Benefits

OCTOBER 31, 2023

The majority (87%) of organisations have been approached by an employee in the past 12 months to discuss concerns relating to their wellbeing, according to new research from Mintago. Of those who had discussed financial wellbeing issues, 68% of managers cited the cost-of-living crisis (68%) as the main source of worry.

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Employee Benefits

NOVEMBER 22, 2023

Retailer Central Co-op has launched a financial support benefit across its support centre, food and funeral operations teams. The Co-op Credit Union benefit will form part of Central Co-op’s overall wellbeing offer. The post Exclusive: Central Co-op launches financial support benefit for staff appeared first on Employee Benefits.

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Workplace Insight

OCTOBER 5, 2023

A new study from Alight reveals that 64 percent of the UK workforce would rate their overall wellbeing as low. This comes at a time where economic headwinds, budget cuts and remote work has created a feeling of uncertainty in the UK workforce, heightening the urgency for employers to act fast or compromise employee wellbeing.

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Employee Benefits

MAY 15, 2024

Reading-based University College of Estate Management (UCEM) has rolled out mental wellbeing support for its 350 employees. Through a partnership with Thrive Mental Wellbeing, the organisation’s employees will be able to access an app to prevent, detect and manage mental health conditions and stress.

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TalentCulture - Employee Benefits

JANUARY 15, 2024

In the aftermath of the pandemic, the need to support employee wellness is more apparent than ever. For example, in an extensive MetLife survey , 82% of respondents said employers should provide for workforce wellbeing. This is a direct result of widespread financial stress and deteriorating mental health.

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Employee Benefits

NOVEMBER 6, 2023

Furthermore, homelife is being impacted too as financial concerns in the last year have made many lose sleep (28%), feel embarrassed (26%), argue with family and friends (18%), and even reduced 18% of workers to tears. But the good news is that employers are set to boost workplace financial wellbeing support.

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TalentCulture - Employee Benefits

MARCH 14, 2023

These days, many people are dealing with stress from all kinds of personal financial concerns. This can harm workforce wellbeing — especially when people aren’t sure how to manage these issues or who they can trust for advice. That’s why organizations are increasingly offering workforce financial education.

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Employee Benefits

OCTOBER 9, 2023

Ricoh UK’s wellbeing strategy has been designed with this complexity in mind. It takes a robust view of what wellbeing means to different people and incorporates aspects of emotional, physical, social and financial wellbeing. In my view, financial wellbeing has been overlooked in this debate.

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Employee Benefits

SEPTEMBER 5, 2023

More than half (59%) of employers consider poor financial literacy as a major workplace financial wellbeing risk, according to research[1]. A further 47% of organisations cite financial literacy as a challenge for improving financial wellbeing for the majority of the workforce.

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Employee Benefits

APRIL 22, 2024

Scottish Environment Protection Agency and FTI Consulting have been shortlisted for Best financial wellbeing strategy – small employer at the Employee Benefits Awards 2024. It celebrates employers that improved and assisted their employees’ financial wellbeing during 2023.

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Employee Benefits

DECEMBER 12, 2023

Its annual People barometer 2023 also found that in 2024, 43% of respondents will prioritise support for employee wellbeing , followed by investment in employee engagement (36%). Start by reviewing the support you have in place to drive financial wellbeing, engagement and performance.

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Employee Benefits

JUNE 23, 2023

Stationary brand Papier has introduced a financial wellbeing platform for its 99 employees. It also provides tools and calculators to track goals, analyse spending, and review financial health checks, as well as the chance to participate in financial-related challenges.

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Employee Benefits

APRIL 17, 2024

Financial wellbeing and mental health are intrinsically linked. Employees with poor mental health are likely to be more heavily impacted by financial worries and less likely to make sound financial decisions. The risk is that both their financial situation and mental health can worsen.

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Employee Benefits

MAY 14, 2024

More than half (59%) of UK managers have reported that their mental wellbeing has been impacted as a result of being asked to do more with fewer resources, according to research by global benefits and reward platform provider Perkbox.

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Employee Benefits

APRIL 19, 2024

Vehicle windscreen repair and replace firm Autoglass and fast food chain Burger King UK Group are among those shortlisted for the Best financial wellbeing strategy category – large employer at the Employee Benefits Awards 2024. Follow the action on X via @EmployeeBenefit and join in the conversation using #EBAwards24.

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