News – Page 165
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ArticleUS women footballers file equal pay complaint
Five members of the US Women’s National Team have filed a wage discrimination complaint against the United States Soccer Federation.US Soccer Federation employees Carli Lloyd, Alex Morgan, Megan Rapinoe, Rebecca Sauerbrunn and Hope Solo have lodged the complaint with the Equal Employment Opportunity Commission.The players say that they have filed ...
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Article3,865 EU bank staff received remuneration of €1m or more in 2014
The number of employees in EU banks receiving annual remuneration of €1m or more increased to 3,865 in 2014, according to research by the European Banking Authority (EBA).Its Report on benchmarking of remuneration and high earners 2014 found that this was almost 22% higher than in 2013, when 3,178 employees ...
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Article64% of retailers to extend national living wage to under 25s
Almost two-thirds (64%) of retail chain respondents are set to implement the national living wage for all employees, regardless of age, according to research by Willis Towers Watson.Its survey of 24 UK retail chains with fewer than 5,000 employees to more than 100,000 staff, also found that 45% of respondents ...
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ArticleIkea to increase pay for 7,300 employees
Ikea UK is to increase the rates of pay for 7,300 employees through the introduction of the living wage and proportionate pay rises for team leaders.The retailer is to implement the Living Wage Foundation’s voluntary living wage rate of £8.25 an hour and £9.40 in London. The pay increase will ...
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ArticleCalifornia commits to $15 an hour minimum wage
The US state of California is to increase its minimum wage to $15 an hour by 2022.The minimum wage will rise from the current $10 an hour to $10.50 an hour in January 2017, and $11 an hour in January 2018. It will then rise by $1 a year until ...
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ArticleEDF Energy accredited as living wage employer
EDF Energy has been accredited as a living wage employer by the Living Wage Foundation.The organisation has been accredited for its commitment to paying all its staff at least the national living wage of £8.25 an hour.The living wage is a voluntary rate calculated according to the basic cost of ...
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ArticleT3N trials bitcoin salary and benefits offering
German technology publication T3N will enable employees to receive salary payments in digital currency bitcoin.Staff can opt to be paid a portion of their salary in the alternative currency. Because bitcoin is not considered legal tender in Germany, T3N employees can also choose to receive bitcoin as an additional tax-free ...
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ArticleAmerican Airlines reinstates profit-sharing programme
American Airlines is reinstating a profit-sharing programme that will put 5% of the organisation’s pre-tax income into a pool to be shared among its employees.The programme will be based on the airline’s 2016 annual earnings, and will be paid out early next year.The 5% rate is the same as that ...
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ArticleBarclays, HSBC, Lloyds, RBS and Virgin Money commit to charter linking executive pay to gender diversity
Barclays, Capital Credit Union, Columbia Threadneedle, HSBC, Lloyds Banking Group, Royal Bank of Scotland (RBS) and Virgin Money have committed to a new charter that links executive pay to gender diversity.The Women in Finance Charter, which is supported by HM Treasury, aims to improve gender balance in the financial services ...
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ArticleAramark health service workers strike over pay
Aramark health service employees are taking strike action today (21 March) in a dispute over pay.Some 175 members of the GMB trade union who work as cleaners and hostesses for food service and facilities management firm Aramark, are striking at the Bethlem, Lambeth, Lewisham and Maudsley Hospitals in London.The union ...
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ArticleEnglish National Opera resolves pay dispute with chorus staff
The English National Opera (Eno) has resolved a pay dispute with staff employed as members of its chorus.The employees, who are members of Equity, the trade union for professional performers and creative practitioners, were due to strike on 18 March over proposed pay cuts of 25% for 44 employees, and ...
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ArticlePorsche awards €8,911 bonus to staff
Porsche AG is awarding employees a €8,911 (£6,952) bonus in recognition of their role in helping the organisation achieve positive results for 2015.The bonus will be paid to around 15,600 members of staff who are employed under the firm’s collective pay agreement.The 2015 bonus will be adapted according to employees’ ...
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Article62% of under-25s would be more loyal to employer if paid national living wage
Almost two-thirds (62%) of respondents aged 16-24 would be more loyal to their employer if they were to receive the new national living wage rate, which is only statutory for employees aged 25 and over, according to research by workforce management firm Kronos.Its survey of 2,020 employees over the age ...
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ArticleUK Supreme Court rules on UBS and Deutsche Bank bonus cases
The Supreme Court has ruled in favour of HM Revenue and Customs (HMRC) in a case examining the tax that should be paid on bankers’ bonuses.In the cases of UBS AG v Commissioners for HMRC and DB Group Services v Commissioners for HMRC, the banks awarded discretionary bonuses to employees ...
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ArticleScottish further education staff strike over pay
Further education lecturers in Scotland are striking over pay today (17 March).The industrial action follows a ballot among members of the trade union Educational Institute of Scotland (EIS) and Further Education Lecturers’ Association (Fela). Of the 61% of members who turned out for the ballot, 88% voted in favour of ...
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ArticleGovernment to increase personal allowance and higher-rate tax thresholds
Budget 2016: The tax-free personal allowance limit and higher-rate tax threshold will increase from April 2017.In his 2016 Budget speech today (16 March), Chancellor George Osborne announced that the tax-free personal allowance limit, the amount an individual earns before they pay income tax, will rise to £11,500 from April 2017, ...
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ArticleTotal pay increases by 2.1%
Total pay, including bonuses, increased by 2.1% between November 2014-January 2015 and November 2015-January 2016, according to research by the Office for National Statistics (ONS).Its UK labour market: March 2016 report also found that regular pay, excluding bonuses, increased by 2.2% in the three months to January 2016 compared to ...
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ArticleSalesforce conducts $3m salary adjustment to address equal pay
Cloud computing firm Salesforce has spent a total of $3 million on salary adjustments in order to rectify statistically significant differences in pay between male and female employees carrying out comparable work.The organisation implemented the changes after conducting an analysis of the salaries of its 17,000 global employees as of ...
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ArticleNational minimum wage to rise to £6.95
The national minimum wage rate for employees aged 21-24 years old will increase from £6.70 to £6.95 an hour.The 25p increase will come into effect in October 2016.The national minimum wage rate for those aged 18-20 will rise by almost 5% from £5.30 to £5.55 an hour, and the rate ...
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ArticleJohn Lewis and Waitrose employees to receive 10% bonus
All 91,500 employees at John Lewis and Waitrose are to receive a bonus worth 10% of their salary.The bonus is equivalent to more than 5 weeks’ pay for staff that have been employed by the John Lewis Partnership for the whole year.The bonus has been awarded after the organisation announced ...