Financial wellbeing

Minimum wage, maximum quandary

As businesses face increased flight risk on top of reducing pay pots, it's time to reimagine the entire employee value proposition.

The cost of living crisis has returned: HR must be ready

The cost of living may again become a problem this year, representing yet another challenge for employers.

Unions call for increased sick pay

Trade union leaders have called on the government to increase statutory sick pay (SSP) in the Employment Rights Bill, BBC News reported on 6 December.

Is your DEI strategy setting people up for failure?

While many companies invest heavily in diversity, equity and inclusion (DEI), an often overlooked aspect disproportionately impacts professionals from diverse backgrounds. 

Richer staff fail to spot the financial wellbeing action gap

Higher earners fail to understand the financial realities of their lower-earning colleagues, preferring to educate staff rather than remove barriers to improved financial wellbeing, research from the...

Managers receive more financial wellbeing support than employees

Managers receive more financial wellbeing support than non-managers, research by financial wellbeing platform Bippit has shown.

How can HR departments support younger employees to save money? 

Economic uncertainty has illustrated the need for HR departments to support employees’ financial wellbeing.

Should HR introduce savings account benefits?

With employees reporting that they are increasingly concerned about their finances, we asked whether HR should offer employees saving account benefits.

Should we be more flexible about pay?

Earned wage access schemes are becoming an increasingly popular employee benefit. But how can HR professionals manage the risks, and implement these schemes responsibly?

Half of employees can't live comfortably on salary

Nearly half (47%) of UK employees do not think their current salary is enough to live comfortably on, a survey by loan company Viva Money revealed yesterday (1 August).

Financial wellbeing support: Where is the boundary for employers?

The employer-employee relationship is one of the most important financial relationships. With the recent period of high inflation and ongoing economic uncertainty, many workers find themselves in...

How to tackle the cost of working crisis

Employers want the UK government to prioritise financial support for new workers, according to a survey conducted in March by the Recruitment and Employment Confederation (REC) in collaboration with...