The dramatic changes prompted by the COVID-19 pandemic have blurred the lines between work life and home life for both employees and employers. Now more than ever, it’s clear that employee engagement and productivity is not just governed by their nine to five experience. What is happening in employees’ lives outside the workplace has just as much of an impact – if not more.
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With the pandemic far from over, and job security a rare privilege, fostering financial wellbeing in the workplace is no easy task. Figures from Yorkshire Building Society indicate COVID-19 has widened the financial wellbeing gap, with 21% of UK adults saying they are unable to save at all.
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Leeds Building Society partners with EQ to implement an integrated HR and payroll system, progressively outsourcing further responsibilities including auto-enrolment administration.
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During lockdown, it’s probably safe to say that leaders were more visible and more human than ever before. They were more open about their own work/life issues. This effectively said to their people that it was OK to structure work around life.
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Put simply, if you want to get better value (and who doesn’t!) your total reward package needs to be relevant. You need to understand what your people want and need in order to design an appropriate package.
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