News – Page 163
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ArticleEY and LV= commit to Women in Finance Charter
A total of 72 organisations, including EY (pictured), LV=, and Standard Life, have signed up to the Women in Finance Charter, which aims to drive diversity across the financial services industry.The charter, which was developed in response to Jayne-Anne Gadhia’s Review in March, commits financial service organisations to link the ...
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Article8% reduce reward package in response to national living wage
Less than one in 10 (8%) employer respondents who have seen their wage bill increase following the introduction of the national living wage have reduced aspects of their reward package, such as paid breaks, overtime or bank holiday pay, in response to this, according to research by the Resolution Foundation.The ...
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ArticleWashington DC legislates for $15 minimum wage
The US District of Columbia (Washington DC) is to raise the minimum wage to $15 (£11.42) an hour by 2020.Muriel Bowser, mayor of Washington DC, signed the Fair Shot Minimum Wage Amendment Act 2016 into law on 27 June after the bill was unanimously passed by the DC Council on ...
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ArticleTeachers strike over pay and working conditions
Teachers in England who are members of the National Union of Teachers (NUT) are taking strike action today (5 July 2016) in a bid to protect pay and working conditions in schools.Of the 24.5% of members who took part in the ballot, 91.7% voted in favour of discontinuous strike action.The ...
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ArticleBrecon Carreg, Majestic Wine and TSB commit to living wage
Brecon Carreg, Majestic Wine and TSB (pictured) have committed to paying staff the Living Wage Foundation's voluntary living wage rate.Employees who work for these organisations receive at least the voluntary living wage rate of £8.25 an hour, and £9.40 in London.Majestic Wine has been accredited as a living wage employer ...
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ArticleAsda equal pay claim proceeds to employment tribunal
An equal pay claim brought against retailer Asda is to proceed to the Employment Tribunal following a Court of Appeal decision published yesterday (22 June 2016).The claim is being brought by more than 7,000 former and current Asda employees, the majority of which are women, who work in hourly-paid roles ...
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Article61% cite reputational risk as a key concern around gender pay reporting
More than half (61%) of employer respondents cite reputational risk as one of their top three concerns around gender pay reporting, according to research by Mercer.Its Gender pay reporting survey, which surveyed 114 public and private organisations, also found that 41% name equal pay cases as a top three concern, ...
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Article84% of female healthcare respondents have never asked for a pay rise
More than three-quarters (84%) of female respondents who work in the healthcare sector have never asked for a pay rise compared to 71% of male respondents, according to research by Randstad Care.Its Assessing the lack of senior opportunities for women in nursing report, which surveyed 486 UK healthcare professionals, also ...
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ArticleAmazon, Expedia and L’Oreal USA commit to US government’s equal pay pledge
Almost 30 organisations, including Amazon, Expedia (pictured), and L'Oreal USA, have agreed to the US government’s Equal Pay Pledge in a bid to reduce the gender pay gap across the country.In total, 28 private sector organisations have committed to the Equal Pay Pledge, which was announced by the White House ...
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ArticleBBC Parliament staff strike over pay grade dispute
Members of the National Union of Journalists (NUJ) at the BBC Parliament channel are conducting a 24-hour strike in a dispute over pay grading and recognition.The dispute has been raised over the banding of grade 5 broadcast assistants who produce content for 24-hour channel BBC Parliament. Staff who perform comparable ...
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ArticleUW Credit Union to increase minimum pay to $15 an hour
US-based financial services organisation UW Credit Union is to increase the minimum pay rate for staff to $15 an hour (£10.60).The increase in its minimum pay rate, known as the Foundation Wage, is expected to impact around 25% of the organisation’s 500-strong workforce.The increase will be implemented in stages, with ...
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ArticleUS taxi firms offer to settle employee-status disputes
Several cases concerning employee status have taken place in the US as drivers for two taxi platforms dispute their classification as independent contractors in favour of being classed as employees and receiving the benefits that this affords.Lyft has proposed a revised settlement agreement for the Cotter v Lyft class action ...
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ArticleAustralia to increase national minimum wage to $17.70 an hour
Australia is to increase the national minimum wage to $672.70 a week (£342.910), or $17.70 an hour (£9).This will see the national minimum wage rise by $15.80 a week, the equivalent of 41 cents an hour.The 2.4% increase, which will come into effect from 1 July 2016, forms part of ...
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ArticleWomen in Finance Charter links executive pay to gender diversity
On 22 March 2016, HM Treasury launched the Women in Finance Charter, which links senior executive pay to progress in gender diversity.A number of employers in the financial services sector have already signed up to the charter, including Barclays, Capital Credit Union, Columbia Threadneedle, HSBC, Lloyds Banking Group, Royal Bank ...
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ArticleUS government raises salary threshold for overtime pay
The US government has extended the salary threshold for overtime pay eligibility.The change forms part of a new overtime rule, which has been finalised by the US Department of Labor.This raises the overtime salary threshold from $455 a week (£312) to $913 a week (£625). This is equivalent to $47,476 ...
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ArticleVolkswagen to increase base pay by 4.8%
Volkswagen is to increase base pay for 120,000 employees by a total of 4.8% by August 2017.The collective agreement, which follows negotiations with trade union IG Metall, will be implemented in two stages; a 2.8% pay rise will occur on 1 September 2016 and a 2% pay increase will come ...
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ArticleHouse of Cards' Robin Wright demands same pay as Kevin Spacey
Something for the weekend: Actress Robin Wright (pictured) has spoken out about her fight to be paid the same amount as male co-star Kevin Spacey for her work on the popular Netflix drama House of Cards.Appearing in all 52 episodes of the series, as well as receiving a few directing ...
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ArticleTotal pay increases by 1.7%
Total pay in Britain, including bonuses, increased by 1.7% between January-March 2015 and January-March 2016, according to research by the Office for National Statistics (ONS).Its UK labour market May 2016 report found that regular pay, excluding bonuses, increased by 1.8% in real terms between January-March 2015 and January-March 2016.The research ...
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ArticleGerald Eve gains living wage accreditation
Gerald Eve has been accredited as a living wage employer by the Living Wage Foundation.The property consultancy, which employs 432 staff across nine offices, has committed to paying at least the living wage rate to all employees and third party staff. This includes working with cleaning and catering service providers ...
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ArticleMedian pay expected to increase by 1.7%
A median pay increase of 1.7% is expected between March 2016 and March 2017, according to research by The Chartered Institute of Personnel and Development (CIPD).The Labour market outlook report, which surveyed 1,014 HR professionals and employers who are CIPD members, also found that median base pay expectations are higher ...