Preserves business R&W Scott, which was sold to its management team by Real Good Food last year, has been accredited as a Living Wage Employer.The business, based in Carluke, Lanarkshire, said achieving the accreditation had been a priority following the management buyout in December.The Living Wage commitment will see all 90 R&W Scott workers receive pay above the Living Wage rate of £9 per hour. The government minimum for over-25s is currently £8.21 per hour.R&W Scott, which has been producing jams and preserves for more than 130 years, also makes chocolate flavoured coatings, sweet and savoury spreads and soft icings for retail, foodservice and wholesale customers worldwide.Last year’s management buyout was led by managing director John Easton (pictured above) and fellow directors Stephen Currie and Michael Hewitt.“Achieving Living Wage accreditation was one of our priorities when we took over the business at the end of 2018 and is a fundamental part of our commitment to being a fair and responsible employer,” said Easton.The Living Wage Foundation said more than 5,000 employers across the UK had now voluntarily committed to exceed the government minimum wage.“R&W Scott join thousands of small businesses, as well as household names such as Ikea, Heathrow Airport, Barclays, Chelsea and Everton Football Clubs and many more,” said Living Wage Foundation director Katherine Chapman.“These businesses recognise that paying the real Living Wage is the mark of a responsible employer and believe that a hard day’s work deserves a fair day’s pay.”
3SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr continue reading » Social media network users reached 2.77 billion in 2019 and are projected to hit 3.1 billion in 2021, according to Statista. No financial institution — regional, national or global — can afford to ignore the immensity of that market reach. While few are ignoring the potential, many financial institutions are unsure how to position themselves on social media even though they realize how important it is to be active on Facebook, Twitter and other social channels.Social media can help any bank or credit union build online traffic and conversions, create brand awareness, and communicate with consumers in their preferred channel. To help jumpstart the marketing creative juices, here are specific strategic and tactical examples from six financial institutions each with strong social media voices. Although all the companies are large, each offers ideas that other institutions can apply at a scale that suits their situation.
continue reading » One of these days you’re going to grab some coffee, turn on your computer and start your work day and, while dutifully reading this blog, get an email from your IT person informing you that your credit union has been hacked. You don’t know exactly how much data has been exposed, but there’s a pretty good chance a third party gained access to your member’s personally identifiable information.You spring into action by pulling out your credit union’s Data Breach Protocols, which will of course have just been updated a few months ago as part of the credit union’s on-going planning. The Data Breach Response Team is called into action and everyone knows exactly what to do. Of course, you quickly want to nail down exactly what has happened. So even before you contact your outside counsel, you reach out to a third party information security team that you know has experience dealing with data breaches.Since contracts are always important and closely adhered to, your outside counsel quickly drafts a contract for the IT team and it quickly gets to work. Within days the IT consultant reports back with a written document describing what happened and why, some of which doesn’t paint the credit union in the best light. You contact your regulators and notify your members that a data breach has occurred and quicker than the coronavirus can spread through a bunch of drunk college kids on Spring Break, the first class-action lawsuit has been filed against your credit union. 1SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr
This post is currently collecting data… What a year! From a pandemic to lockdowns around the world, 2020 has kept us on our toes. While this year has been full of unexpected challenges for individuals and businesses worldwide, it has also been full of valuable lessons. For companies, balancing a new remote workforce, employee health, and shifting consumer demands were just a few of the many uphill battles. For individuals, work-life balance, pandemic hardships, and quarantine were only a few of many challenges thrown their way.The bright side of it all is that we are going into 2021 even stronger than before and with a few lessons learned: technology keeps us connected, a successful business prioritizes its consumers and employees, and always expect the unexpected.How Adlumin Trailblazed Through UncertaintyAdlumin’s primary goal is to revolutionize how financial institutions of all sizes secure sensitive data. As the hectic year unfolded, Adlumin found ways to successfully strengthen that goal while reaching new heights along the way. This is placeholder text continue reading » ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr