Six in 10 (61%) UK employees said they are more worried about the cost-of-living crisis compared to a year ago, according to new research by Health Shield. The employee health benefits provider surveyed 564 employees in full or part-time work and found that only 11% of respondents are less worried about it, while 48% said […]
Almost half (49%) of working adults have changed their retirement plans because of the cost-of-living crisis, according to new research by the Pensions Management Institute. The professional body that supports and develops UK pension schemes surveyed 2,030 employees with pensions. It found that 24% of respondents have delayed their retirement, 23% reduced their pension contributions, […]
Just 40% of UK employees feel their organisation is supporting them through the cost-of-living crisis, according to research by Reward Gateway. Its HR priority report, which surveyed 1,001 HR decision makers and 2,026 UK employees, also found that more HR leaders believe mental wellbeing should be a top priority in 2024 than financial wellbeing, at 60% […]
Now that many workplaces are au fait with talking about mental health and the menopause, is money management the last stigma? Ian Hodson, director of people and culture at Housing 21, says: “It is the last taboo. People still won’t talk about their finances.” In a cost-of-living crisis, this stigma around managing money is especially pernicious. […]
Bus drivers employed by First South have been awarded a £600 one-off cost-of-living payment, ending strike action planned for this month. Following negotiations led by trade union Unite on behalf of its members, First South agreed to make a lump sum payment to the workers in a discussion that was separate from ongoing pay talks. […]
Cartwright, the pension specialist for defined benefit and hybrid schemes, has given each of its employees a one-off cost-of-living payment of up to £2,000. This extra financial support builds on its cost-of-living support approach last summer, where all staff received £1,000 to help ease the financial impact. It is in addition to their salary, profit […]
Affordable housing association Network Homes has implemented a consolidated cost-of-living pay increase of £2,400 for each employee. The organisation decided on an overall pot of money, and then considered three different options for how to distribute the amount across its employee base. According to Network Homes, the chosen pay increase, which applies to the 2023-24 […]
Employee Benefits · Employee Benefits/Atradius podcas Listen: In this episode of the Employee Benefits podcast, Anne Middleton, head of HR for the UK and Ireland at Atradius, details how the organisation supports its employees’ financial and mental wellbeing during difficult economic times. The Covid-19 pandemic highlighted the need for the trade credit insurer to put […]
London-based independent property group Kinleigh Folkard and Hayward (KFH) has awarded full-time employees a one-off £750 payment to support them during the current economic climate. The property services group, which has more than 60 branches across London and 10 business divisions, handed out the discretionary payment in order to help its staff manage the ongoing […]
Two-thirds (66%) of senior business leaders agree that employers have a substantial role to play in supporting staff through the rising cost of living, and 40% have introduced support measures since the start of 2022, according to research by the Work Foundation at Lancaster University. The briefing Shifting sands: Employer responsibility during the cost-of-living crisis […]
Online customer acquisition and lead generation firm MVF Global has introduced a cost-of-living support package for its 500 UK employees. The business partnered with financial wellbeing and money management platform Maji, after researching the market to find support that meets those most in need. MVF Global staff can sign up to a free account on […]
Strategic outsourcing and energy services business Mitie has tight margins, but still sees the importance of protecting and supporting front-line staff during difficult periods, meaning it has to focus on benefits that are affordable for the business, but make a real difference to employees. Jasmine Hudson, chief people officer at Mitie, says: “Employees want more […]