Financial Wellbeing

Image
electric car surrounded by greenery

Financial Wellbeing

Salary Sacrifice and Your Business Cost-Savings Strategy

The Autumn Budget and recent changes to the Employee Rights Bill 2024 reflect the changing landscape, putting more power in the hands of the employee. Many UK employers are concerned by the announcement of the minimum wage and NIC increases. It’s more critical than ever to explore ways to make employer savings. During this blog, we’ll explain why salary sacrifice schemes should be at the heart of your post-budget savings strategy.

Find out more
Image
Mother and child at Christmas

Financial Wellbeing

Have you heard about SmartPay? It’s our tech and lifestyle salary deduction scheme that helps your employees avoid high-interest loans or credit cards. SmartPay allows employees to spread the up-front cost of technology, appliances, wellbeing, and lifestyle purchases through affordable and manageable salary deduction scheme repayments. As a cost-neutral employee benefit, it’s a budget-boosting way to enhance your EVP and support financial wellbeing, strengthening your talent attraction strategy. Read on to discover what SmartPay can do for your business and how it can make Christmas more affordable for your employees.

Image
Paying with phone

Financial Wellbeing

Employee rewards & financial support in one digital and cost-effective solution! What if there was a product on the market that stretches salaries further and provides household support for your employees? What if it also allows you to issue cash rewards and bonuses? Well… there is! Read on to unleash the power of the Pluxee Cashback Card.

Image
Paying with phone

Financial Wellbeing

Christmas is fast approaching, and we’ll soon be inundated with Black Friday and Cyber Monday deals. These deals make a difference for those hunting for presents but are limited to certain times. At Pluxee UK, we believe in giving employees a chance to save money every day of the year. Our employee discounts platform helps employees save on the weekly shop to a family holiday, and everything in between. Discover how your company benefits when you enhance your employee value proposition with employee discount schemes.

Image
Happy older lady saving some money

Financial Wellbeing

Employers exploring how to help employees with cost-of-living increases... look no further! Statistics suggest the cost-of-living crisis is past its peak of summer 2022, but with 52% of Brits reporting their living costs are still high (Finder), it’s not a topic that’s going away. Employers continue to act, searching for how to help employees through the cost-of-living crisis, ensuring life remains as affordable and joyful as possible. Read on to discover how to help employees with the cost-of-living crisis and why it’s beneficial to do so.

Image
woman with headphones on with a Christmas tree in the background

Financial Wellbeing

We're thrilled to announce our partnership with Mobile Advantage, a pioneer in sustainable tech solutions, to offer you and your employees our Refurbished Tech scheme. Looking after your pocket and the planet! Our Refurbished Tech scheme is an employee benefit that makes it more affordable for your employees to buy the tech they need for themselves and their families. They can trade tech hiding in a drawer at home against quality refurbished tech, sell old tech for cash, and more, reducing their carbon footprint… and yours! Discover what our Refurbished Tech scheme can do for your people and business.

Image
Happy and smiling women holding phone

Financial Wellbeing

Financial wellbeing has embedded itself into the HR and employee wellbeing narrative as a unique pillar and area of concern for employers and employees alike. Employee financial wellbeing may be a standalone wellbeing ‘pillar’, but it’s connected to other areas of wellbeing like mental, physical and social. What is financial wellbeing, and what part does it play in your people strategy? Read on to discover more.

Image
Man and woman checking their finances

Financial Wellbeing

What is salary sacrifice, and how does it save employers and employees money? Salary sacrifice, salary deduction, NET, Gross… the terms can confuse HR and employees alike. There’s a notable difference between the two, and which is available can depend on what product or service the scheme involves. During this blog, we’ll answer your most asked questions about salary sacrifice and how it’s the cost-neutral solution that benefits employers and employees.

Image
Group of happy employees clapping

Financial Wellbeing

HR professionals have many demands on their time, including striving to support their people and enhance employee engagement with an ever-scrutinised budget. There are reward and recognition strategies to consider alongside employee benefits - giving employees the support and incentives they need to enhance their wellbeing whilst improving loyalty and retention. With cost-effectiveness and sustainability being the key to the long-term success of your strategy, wouldn’t it be great if there was one solution that did it all? Wouldn’t it be even better if that solution reduced carbon emissions and contributed towards your NET Zero targets? You’re right. It would! It’s time to meet our Virtual Pluxee Card. Read on to discover how it ticks all these boxes and more.

Image
women purchasing something online with her card

Financial Wellbeing

Financial wellbeing and mental health are intrinsically linked. Employees with poor mental health are likely to be more heavily impacted by financial worries and less likely to make sound financial decisions. The risk is that both their financial situation and mental health can worsen. Read on to explore the employee benefits that can help alleviate financial pressures during the cost-of-living crisis, enhancing mental health or wealth.

Image
Woman stretching and looking relaxed

Financial Wellbeing

It’s Debt Awareness Week, so, like the campaign, we’re exploring why employees aren’t sharing their money worries with their employers or seeking professional support. There’s a stigma. Money often remains a taboo subject in the workplace, yet employees with money worries bring their stress to work, directly impacting businesses. Discussing financial wellbeing at work is a must. Read on to discover how to remove the taboo and provide the solution.

Image
Man working at home and looking happy

Financial Wellbeing

We’ve released a brand-new eBook - Money Mastery: Proactive and affordable steps to enhance employee wellbeing. To gather our exclusive data, we interviewed over 2,000 UK employees and over 500 HR professionals to discover the state of employee financial wellbeing. We’ve created a holistic picture of how employers can turn poor employee financial wellbeing around, and why doing so is an investment in the future. During this blog, we’ll use this research to explore why it pays to enhance financial resilience in your workplace.

Image
Green Car salary sacrifice scheme - EV cars

Financial Wellbeing

Big Energy Saving Week encourages us to explore how we can save energy in our homes and lives. It’s great for the environment and our bank balance since making energy-efficient choices saves money in the long term. During this blog, we’ll explore how our Green Car offering – an electric car salary sacrifice scheme – helps to reduce carbon emissions and delivers savings for employees and businesses. Read on to discover why so many UK employees are choosing an electric car salary sacrifice scheme, and how this increased uptake can benefit your business.

Image
woman sat at desk with headphones

Financial Wellbeing

Employee retention remains a business priority as we step into a new year. Our research found that almost half of UK employees say they’re likely to look for a new role in 2024. Financial wellbeing benefits and incentives were at the top of the list of ways to persuade them to stay. Budgets are tight, and HR managers are trying to do more with less. That’s why SmartPay, our cost-neutral salary deduction scheme, is the employee benefit your people and business need in 2024. Read on to discover why.

Image
Older man and woman looking smart and smiling

Financial Wellbeing

Resilience. It’s a great word encompassing employee wellbeing, financially, mentally, and physically. So, what exactly does it mean? 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.

Image
Woman doing calculations

Financial Wellbeing

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. Salary sacrifice solutions can help to make employee benefits cost-neutral, freeing up the budget to utilise in other business areas. Read on to discover the financial wellbeing trends we expect in 2024 and how you can embed them within your business.