News – Page 157
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ArticleNew Zealand minimum wage to rise to $15.75
The minimum wage in New Zealand will rise by 50 cents to $15.75 (£9.03) an hour from 1 April 2017.The starting-out and training hourly minimum wage rate will remain at 80% of the adult minimum wage, rising from $12.10 (£7.01) an hour to $12.60 (£7.30) an hour in April 2017.Michael ...
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ArticleDeutsche Bank limits individual bonuses for 2016
Banking organisation Deutsche Bank has limited its bonus payments for the 2016 financial year, and will not be providing any individual variable compensation for senior executive staff.The changes will mean that employees with the corporate titles of vice president, director and managing director will still receive the group variable compensation ...
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ArticleAverage salaries in the recruitment industry rise by 17.5%
The average salary for employees working in the recruitment industry increased by 17.5% between the fourth quarter of 2015 and the fourth quarter 2016, according to research by CV Library.Its latest Job market report, which is based on an analysis of data from CV Library's website, also found that average ...
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ArticleUber to pay $20m to settle misleading earnings claim
Taxi and ride-sharing organisation Uber is to pay $20 million (£16,252,235) to settle a claim that it misled prospective drivers by exaggerating how much they could earn in certain cities.The US Federal Trade Commission (FTC), which brought the charges against Uber, allege that in order to attract new drivers, Uber ...
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Article3 - leader
When gender pay gap reporting regulations come into effect from April 2017, HR and reward professionals in organisations with more than 250 employees will find themselves tasked with compiling data on gender pay and bonus inequalities in their business. As the people who are often responsible for taking measures to ...
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ArticleTotal pay increases by 2.8%
Total pay, including bonuses, increased by 2.8% for employees in Great Britain between September-November 2015 and September-November 2016, according to the Office for National Statistics (ONS).Its UK labour market: January 2017 report also found that regular pay increased by 2.7% in nominal terms between September-November 2015 and September-November 2016. This ...
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ArticleLevi Roots Caribbean Smokehouse gains living wage accreditation
Jamaican restaurant Levi Roots Caribbean Smokehouse has been accredited as a living wage employer.The restaurant will pay both permanent employees and third-party contractors who work at its Westfield Stratford City store the London living wage, which currently stands at £9.75 an hour.The living wage is a voluntary hourly rate that ...
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ArticleBritish Airways mixed fleet cabin crew strike in dispute over pay
British Airways (BA) mixed fleet cabin crew employees who are members of the trade union Unite are striking in a dispute over pay.Approximately 2,900 members are taking part in the 48-hour strike action, beginning from 7.00am this morning (Tuesday 10 January 2017) at the Unite offices at Heathrow.Unite members rejected ...
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Article
5: Key findings
The survey, which was conducted in November-December 2016 among readers of Employee Benefits and www.employeebenefits.co.uk, received 249 responses. Due to rounding, percentages may not add up to 100.Key findings:21% of respondents receive an annual basic salary between £70,000 and £99,999.74% of respondents have had a salary review in the last ...
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ArticleTribunal rules CitySprint courier is entitled to workers' rights
The London Central Employment Tribunal has ruled that a bicycle courier for logistics organisation CitySprint is a worker, and is therefore entitled to benefits such as holiday pay.In the case of Dewhurst v CitySprint UK, Dewhurst contended that she was employed as a worker rather than an independent contractor, and ...
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ArticleAldi to increase minimum pay to £8.53 an hour
Supermarket Aldi is to increase its minimum rate of pay for UK staff to £8.53 an hour from 1 February 2017.Minimum pay for employees in London will rise to £9.75 an hour, effective from the beginning of February.The new rates of pay will benefit 3,356 Aldi employees in the UK.The ...
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ArticleAverage salary for newly qualified London lawyers rises to £65,000
The average salary for newly qualified London-based lawyers who work in commercial practice increased from £53,000 a year in 2013 to £65,000 in 2016, according to research by BCL Legal Recruitment.Its research, which is based on internal data, also found that newly qualified London lawyers can expect year on year ...
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ArticleGender pay gap increases as women enter their 30s
The gender pay gap for female millennials, born between 1981 and 2000, rises from 5% in their 20s to 9% at the age of 30, according to research by the Resolution Foundation.The research, which is based on analysis of Office for National Statistics (ONS) data and which forms part of ...
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ArticleAverage advertised salaries fall by 2.7%
Average advertised salaries decreased by 2.7% between November 2015 and November 2016, according to research by Adzuna.Its UK job market report: December 2016, which is based on online job vacancy data in the UK, found that the average advertised salary was £32,221 in November 2016, compared to £33,118 in November ...
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ArticleBarclays and Deutsche Bank are the highest-paying organisations for UK directors
Barclays, Deutsche Bank and JP Morgan are among the top 10 highest-paying organisations for directors in the UK, according to research by Glassdoor.The research, which is based on anonymous base salary reports for jobs with ‘director’ in the title shared by UK employees on Glassdoor between September 2013 and September ...
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ArticleTotal pay increases by 2.5%
Total pay in Great Britain, including bonuses, increased by 2.5% between August-October 2015 and August-October 2016, according to the Office for National Statistics (ONS).Its UK labour market: December 2016 report found that the average total pay was £507 a week, before tax and other deductions in pay, in October 2016. ...
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ArticleWincanton drivers for Argos to strike over holiday back pay
Members of trade union Unite who work for logistics and supply organisation Wincanton and are based at Argos' national distribution centre are to undertake strike action in a dispute over holiday back pay.The drivers at Argos’ flagship national distribution centre in Staffordshire are to strike for 72-hours from 20 December ...
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ArticlePortland City Council to tax organisations that pay CEO 100 times more than staff
Portland City Council, Oregon, US, is to impose a surtax on publicly-traded organisations that pay chief executive officers (CEOs) 100 times more than the median employee.The pay ratio surtax is applicable for publicly-traded organisations that operate in Portland, and are subject to the US Securities and Exchange Commission (SEC) pay ...
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Article43% of the world’s highest-paid footballers play in the Premier League
Something for the weekend: Football is notorious for being a sport where athletes can earn a generous salary, and it makes for part of an attractive employee value proposition for football clubs around the globe looking to recruit the newest talent.More than four in 10 (43%) of the world’s highest-paid ...
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ArticleGovernment publishes final draft regulations on gender pay gap reporting
The government has published the final draft regulations for the gender pay gap reporting requirements due to come into effect in April 2017.The regulations will require organisations with 250 or more employees to publish gender pay gap and bonus data.A consultation seeking views on the details of the draft legislation ...