Employee Benefits

APRIL 22, 2024

Digital and technology recruiter Futureheads provides employees with a range of benefits and guidance to help them through any financial pressures. As prices soared last year, it decided to increase the financial wellbeing support it offer and introduced membership to AI money-saving tool Nous for all of its employees.

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Employee Benefits

MARCH 19, 2024

Poor mental health in the workplace cost the UK economy £102 billion in 2023, according to research by Axa UK. trillion was lost due to employees’ mental health issues. Meanwhile, 72% of respondents aged 18–24-year-old said mental health-related employee benefits are important when deciding whether to stay with their current employer.

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Employee Benefits

FEBRUARY 5, 2024

Statistics show that it’s the day of the year when UK employees are most likely to call in sick. In 2020, around 600,000 workers called in sick on that ‘one day’, costing the UK economy almost £45 million in lost revenue! Read on to discover how we can reduce absenteeism in an employee-centric way. It’s just one day… right?

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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. Resilience. So, what exactly does it mean?

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Employee Benefits

NOVEMBER 15, 2023

With 50% of employers planning to increase spend on financial wellbeing in place of offering wage increases and cost-of-living payments, it’s never been more important to make employee benefits sustainable. The Rewards and Employee Benefits Association (REBA) has recently published their Financial Wellbeing Research for 2023.

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Employee Benefits

MARCH 14, 2024

We’re passionate about helping employees and businesses adopt healthier and more sustainable practices, and we’re using the Big Walk and Wheel Week to explore how you can make cycling more affordable and inclusive for all employees. Every penny counts, especially during the current cost-of-living crisis.

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Best Money Moves

MAY 8, 2024

Working Parents Need Support: Start with These 3 Helpful Benefits. Maintaining a healthy work-life balance can be challenging for any employee, but it’s particularly tough for working parents. On top of these demands, childcare costs have grown astronomically over the past decades.

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Employee Benefits

FEBRUARY 14, 2024

Its annual Modern families index, which surveyed more than 3,000 working families, found that the number of employees who feel their employer is supportive of family life has dropped, from 77% last year to 72% this year. The post 42% of working parents want better pay and family support appeared first on Employee Benefits.

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Employee Benefits

JANUARY 22, 2024

The value of employee happiness is significant, with direct links to productivity, engagement, and retention. Prioritising employee happiness and wellbeing at Atradius has enabled us to look after our people and maintain a high retention rate across our organisation. appeared first on Employee Benefits.

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Employee Benefits

MARCH 11, 2024

Train tech firm Seatfrog, food brand startup Sessions and event tech startup Venuescanner have introduced new financial wellbeing support for their employees to support them with cost-of-living pressures. The tool identified savings opportunities worth more than £1,000 for some employees at the organisations.

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Employee Benefits

FEBRUARY 21, 2024

The government’s ambition is to drive better outcomes for members of defined contribution (DC) pension schemes to help ensure all savers achieve the best possible retirement. 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

APRIL 15, 2024

Eye care and audiology organisation Specsavers uses its employee network groups and policies to promote menopause support in the workplace. It has more than 2,500 optical, audiology and ophthalmology businesses in 11 countries and more than 23,000 UK employees. The package also covers the annual cost of a HRT prescription in England.”

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Employee Benefits

FEBRUARY 6, 2023

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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Employee Benefits

DECEMBER 1, 2022

million into a winter support package to help its employees with the cost-of-living crisis. The measures include paying all of its 2,300 members of staff at or above the new rate set by the Living Wage Foundation from today (1 December), ahead of the implementation deadline of 14 May 2023.

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Employee Benefits

APRIL 17, 2024

Employees with poor mental health are likely to be more heavily impacted by financial worries and less likely to make sound financial decisions. Read on to explore the employee benefits that can help alleviate financial pressures during the cost-of-living crisis, enhancing mental health or wealth.

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Employee Benefits

JANUARY 10, 2024

In the UK, tackling absenteeism in the office requires employers to understand and fulfil their legal obligations regarding the health, safety, and welfare of their employees. The Health and Safety at Work Act 1974 imposes a duty of care on employers to protect their employees from work-related stress.

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Employee Benefits

MAY 2, 2024

While connection and relationships are essential, employers must also recognise the differences between generational needs, ensuring their employee rewards and recognition strategy is inclusive. Today, we’re focusing on how to make employee rewards schemes inclusive of different generational interests and needs.

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Employee Benefits

JANUARY 4, 2024

More than half (56%) of employers have offered financial remuneration to help employee retention during the cost-of-living crisis and staffing shortages, according to research by Peninsula Group. Employers are seeing the value in retaining employees and, in turn, employees are reaping the benefits.

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Employee Benefits

FEBRUARY 14, 2024

The UK retirement age is rising, keeping employees in work for longer. Absenteeism is at a 10-year high, costing businesses billions a year. Taking steps to keep employees healthy will yield a return, and there are many ways to do so, including mental and financial wellbeing solutions.

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Employee Benefits

OCTOBER 25, 2023

Credit: Emerge / Shutterstock (1079190161) Employers should have an understanding of the issues their employees face in order to produce targeted and appreciated voluntary benefits strategies. Voluntary benefits can help employees manage their finances in both the short and long term.

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Workplace Insight

APRIL 8, 2024

Women, on average, outlive men but, as reported by the World Economic Forum ( WEF , 2024), spend approximately 25 percent of their lives in poor health. According to the WEF, addressing the disparities in women’s health could dramatically reduce this statistic, enhancing the lives of billions globally.

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Employee Benefits

JANUARY 19, 2023

Credit: Serge Cornu / Shutterstock.com Tesco Bank has given more than 3,400 members of staff a £1,250 pay increase in order to help them with the rising cost of living. That’s why we’ve taken action and awarded a permanent increase to base pay for the majority of our employees.

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Employee Benefits

MARCH 29, 2023

Midlands-based law firm Higgs has received accreditation from the Living Wage Foundation. Employees at the firm will receive a minimum hourly wage of £10.90, exceeding the government’s minimum wage rate of £9.50 The hourly figure set by the foundation was independently calculated based on the real life costs of everyday needs.

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Employee Benefits

FEBRUARY 15, 2023

The cost-of-living crisis has employees demanding pay rises in line with inflation, but many employers are unable to afford this long-term. Benefits that support financial wellbeing and education, including day-to-day budgeting and discounts, can help pay stretch further without raising pay.

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Workplace Insight

JANUARY 22, 2024

And as soaring prices hit the nation’s pockets, almost four in ten workers (38 percent) experienced stress due to taking on additional work because of the cost-of-living crisis. The report warns that the UK is at risk of becoming a ‘burnt-out nation’.

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HR Bartender

APRIL 23, 2024

Employees want the same thing. Employees who work for a high trust employer are 79% more motivated and less likely to leave. If a manager or employee came to HR to say they don’t have time to attend a training event, we’d tell them that “developing our knowledge and skills makes us better at our jobs”. I’m sure you do too.

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Employee Benefits

NOVEMBER 11, 2022

Just one-quarter (25%) of employees have received additional assistance from their employers to help manage the rising cost of living, outside of annual salary increases , according to HR services provider Randstad. Those who feel supported now, are likely to remain loyal even when times aren’t as tough.”

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Employee Benefits

APRIL 30, 2024

Working remotely loses those water cooler moments that help colleagues to better understand each other, share ideas and organisation learnings. Would water cooler moments have helped them integrate? It loses the social and mental wellbeing aspect of being employees. On the counter side, employees have adapted quickly.

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Employee Benefits

JANUARY 29, 2024

Low-cost schemes with major exclusions are popular. Indeed, research results revealed in September 2023 by Zest found that it has become the most important perk that employees look for in their benefits package, despite the fact that employer-paid cover creates a P11D liability.

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Employee Benefits

AUGUST 2, 2023

Transparency around pay levels and salary capabilities helps to avoid frustration and misunderstandings and instead provide clarity and reassurance. When it comes to asking for a pay rise, knowing what those in a higher position are earning can help employees create more realistic expectations in terms of what they should be asking for.

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Employee Benefits

AUGUST 9, 2023

In order to effectively communicate financial wellbeing support to its wide range of employees, UK NHS teaching trust Oxford University Hospitals uses a variety of methods to suit their needs and preferences. We use a variety of channels: electronically, printed materials, and its wellbeing champions network.

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Business Management Daily

APRIL 29, 2024

Most employees expect benefits. Other options like work-from-home stipends and cell phone plans keep existing employees happy, reducing turnover and boosting productivity. Employees today expect more, and attracting the best will depend on offering the right perks. People want more.

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HR Lineup

FEBRUARY 29, 2024

While location-based salaries traditionally tie compensation to the cost of living in a particular geographic area, value-based salaries emphasize paying employees based on the unique value they bring to the organization, regardless of their location.

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Employee Benefits

JULY 31, 2023

Credit: Peter_Fleming / Shutterstock.com Waste management business Cawleys has received living wage employer accreditation as part of a recognition of its investment in staff and commitment to fair pay. As part of this accreditation, every Cawley employee will receive a minimum hourly wage of £10.90.

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Employee Benefits

FEBRUARY 15, 2023

Insurance group Zurich UK has introduced a package of financial wellbeing support for its 5,000 UK employees, and has donated more than £2 million to charities and national and local partners selected by employees. ZCT is proud that these donations will help to ease the burden for charities picked by our staff. “At

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Employee Benefits

MARCH 28, 2023

With research suggesting that employees experiencing money worries cost the UK economy £120bn and 17.5 StepChange The cost-of-living crisis has changed the landscape, with debt becoming an issue for some people for the first time. million lost hours of work, it pays for employers to offer financial wellbeing support.

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