Measuring employee financial wellbeing is crucial for organisations seeking to improve employee satisfaction, productivity, and overall well-being. Research from PIB’s 2024 Wellbeing Revolution Report shows that a staggering 50% of corporate employers don’t have the data to make informed decisions on future employee benefit strategies. Understanding employees’ financial situations provides valuable insights into their needs […]
What is the workplace nursery scheme (also known as childcare salary sacrifice)? The workplace nursery scheme, also known as childcare salary sacrifice, allows employees to pay for their children’s nursery fees on a salary sacrifice basis. As with other salary sacrifice benefits, employees enter into an arrangement where their employer pays the nursery fees for […]
At Maji, we’re proud to support forward-thinking employers with their financial wellbeing strategies. We also help employers make a tangible difference to their bottom line and their employees’ payslips through salary sacrifice schemes (otherwise known as salary exchange). We’d like to highlight two case studies from the tech sector that showcase the benefits of making […]
Interview with Richard Stovell, Maji’s Head of Financial Wellbeing Richard Stovell, Maji’s Head of Financial Wellbeing, is an employee benefits veteran with 25 years of experience under his belt. So, when we got the chance to interview him about the importance of financial wellbeing for employees, we couldn’t pass it up! Rich’s career started in […]
Financial worries are now the leading cause of workplace stress, a situation set to get worse as the cost of living crisis continues its stranglehold on UK employees. The crisis is affecting us all, but it’s not affecting us equally. The United Kingdom has some of the highest levels of inequality in Europe, according to […]
The so-called ‘gig economy’ in the UK is huge: around 4.4 million people work for gig platforms at least once a week, some as their primary occupation. Gig work (sometimes called platform work) means short-term, one-off pieces of work (like a cab ride, food delivery, or furniture assembly) carried out by independent workers who are […]
The National Minimum Wage (NMW, or sometimes known as National Living Wage) was introduced in 1999, and it’s since helped millions of people by raising their pay (without destroying job opportunities, as some naysayers feared). But workers on or near NMW are missing out on a benefit their higher-earning colleagues are taking advantage of. You […]
The ongoing cost of living crisis continues to put pressure on employees’ finances, wellbeing, and productivity. Rising bills, higher borrowing costs, and stagnant wages mean many workers are struggling to make ends meet, and employers are feeling the ripple effects through increased stress, absenteeism, and reduced engagement. Now more than ever, businesses need to think […]
The cost of living crisis has hardly been out of the headlines. And for good reason: rising prices for lots of essentials like food, fuel and energy, are forcing many people into financial stress. In our previous blog, we gave you three top tips for supporting your employees through this tough period. Now, we’d like […]
This post is by our Launchpad intern Heng Chew, from the University of Sheffield, exploring the importance of a corporate financial wellbeing strategy. A strong corporate financial wellbeing strategy isn’t just about benefits – it’s about building a healthier, more resilient workforce from the ground up. In March 2022, the ONS announced that consumer price […]
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Maji is the trading style of Maji Financial Wellbeing Ltd, a company registered in England and Wales (Registration no. 11937232). Maji Financial Wellbeing Ltd is registered with the Financial Conduct Authority (Registration no 969225) as the PSD agent of Bud Financial Ltd (Registration no 793327).
