Reward News
New research urges midlifers to make retirement a priority in 2024 resolutions
As the New Year dawns, many individuals are setting resolutions centred around health and well-being. However, Phoenix Group's longevity think tank, Phoenix Insights, advocates not overlooking financial goals, especially long-term objectives that often take a backseat...
50% of UK workers rely on debt to finance Christmas
A recent survey conducted by Perkbox, the global rewards and benefits platform, has unveiled that almost half of the UK workforce, accounting for 47 percent, is planning to finance their Christmas festivities through debt this year. The study, which included responses...
44% of UK businesses struggle to match competitors’ pay and benefits package
A recent survey by XpertHR has unveiled the challenges faced by UK businesses in attracting and retaining skilled workers, as 44 percent struggle to match competitors' pay and benefits. The fight for skilled talent intensifies, with poor quality applicants (78%) and...
Minimum wage set to increase to £11.44 per hour
The National Living Wage, commonly referred to as the minimum wage, will see a significant boost to £11.44 per hour starting April next year, marking an increase of over £1. This rate, currently standing at £10.42 per hour for individuals aged 23 and above, will now...
Majority of companies fail to tailor employee benefits to demographics despite staff requests
In a recent study conducted by Towergate Health & Protection, it has been revealed that a staggering 75 percent of companies do not tailor their employee benefits to different demographics within their workforce. This comes in stark contrast to the fact that 61...
Which countries have the highest amount of annual leave?
These are the European countries providing the most generous statutory holiday entitlement across the continent. Would you consider moving for more annual leave? Global HR experts Remote believe holiday entitlement is an essential factor for assessing employee...
75% of companies do not target benefits by demographics
In a recent study conducted by Towergate Health & Protection, it was discovered that a staggering 75 percent of companies do not provide targeted employee benefits based on demographics. This revelation comes in stark contrast to the fact that 61 percent of these...
25% can’t focus at work due to money stress
A staggering 25 percent of the United Kingdom's workforce is grappling with financial stress, which significantly hampers their ability to concentrate at work. As the cost-of-living crisis intensifies, the well-being of company culture is deteriorating, and employees...
UK’s 1.6 million temporary workers to receive pay boost ‘worth thousands’
The United Kingdom's 1.6 million temporary workers can look forward to a significant financial boost as the government confirms that "rolled-up holiday pay" will be made lawful. This groundbreaking development will empower irregular-hour and part-year workers,...
Is retirement overrated? Gen Z leans into ‘soft saving’
In a recent Prosperity Index study conducted by Intuit, it has become evident that the younger generation, also known as Generation Z, is embracing an alternative approach to securing their long-term financial well-being. This new trend, termed "soft saving,"...
Reward Analysis
Denise Willett: Recognition – The Power to Drive Engagement and Business Performance
Denise Willett discusses the powerful impact of employee recognition on both engagement and business performance. She also shares top tips for success. The latest report from Gallup states that just 1 in 10 UK and EU workers are actively engaged. With UK productivity...
Robert Ordever: 7 Reasons to Show Appreciation
Are UK organisations doing a good enough job of appreciating their workers? Probably not, and yet there is now compelling evidence which proves that staff appreciation is not just a ‘fluffy HR thing’, but profoundly impacts the entire organisation, creating a...
Paula Ruane: Are your staff happy and engaged?
A staggering 67% of staff are "not engaged” in a report from December 2017 from Jim Harter of Gallup Polls and a further 18% actively disengaged. This is 85% of people not fulfilling their potential for either themselves or your firm. Here are ten tips to help...
Jonathan Richards: Time is money – how HR consultants can optimise their business operations
Congratulations, and welcome to the ranks of the self-employed! According to the Office for National Statistics, this is a group which is ever-increasing, with 15.1 per cent – 4.86 million people – of the UK population categorised as self-employed. Each year more and...
Talent Trend Predictions for 2018
More personal, more segmented, more strategic and more driven by an up-and-coming generation. Those are the key 2018 predictions for the future of the talent acquisition profession, based on insights from Korn Ferry (NYSE:KFY) Futurestep experts from across the globe....
Dr Marie Puybaraud: Three ways to create a sense of purpose in the workplace
Imagine a workplace where everyone is totally dedicated — not just to their work but also to their colleagues and to the culture and aims of the organisation. Imagine how creative and productive those people would be. This is not a pipe dream. Employers can construct...
Emma Davidson: 4 ways businesses can use CSR to boost employee engagement
Corporate Social Responsibility (CSR) is not about a one-off, one-way donation. In fact, it’s becoming an increasingly important way to cultivate an engaged and loyal workforce, as studies show more and more employees want to be part of companies that make a positive...
Huw Morgan: Employee Engagement is for life, not just November
It’s ‘best place to work’ season; when companies across the UK slowly wake from hibernation to frantically rally staff to feel good about their company culture in time for the employee surveys. You’ll recognise the seasonal traits: staff benefits featuring more...
Dr Mark Powell & Jonathan Gifford: Three reasons why working too hard is bad for your career
There are several “career traps” that face talented and hard-working people who focus intently on getting their jobs done to the best of their ability, but who fail to devote enough effort to progressing their careers. We tend to assume, probably unthinkingly, that...
A comprehensive remuneration package: Why it’s important
It’s no secret that in this candidate-driven hiring landscape, your top choice talent is receiving multiple job offers. Not only that, but nearly half of millennials in permanent employment say they have itchy feet about their current role. In order to attract the...
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