News – Page 173
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Article?BBC staff paid £228 million to work unsociable hours
BBC employees were paid over £228 million to work unsociable and unpredictable hours in 2014.Documents released under the Freedom of Information Act show that thousands of BBC employees take home an average of almost £4,000 on top of their basic salaries as a reward for working irregular hours.Some 7,941 BBC ...
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ArticleMet Office staff strike over pay freeze
Met Office employees walked out for three hours yesterday (26 February) due to a dispute over pay. Around 300 weather service workers based at the organisation’s Exeter office, as well as staff based in Aberdeen, Edinburgh and other frontline stations participated in the strike action.All are members of trades union ...
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ArticleLow Pay Commission recommends 3% minimum wage increase
The Low Pay Comission (LPC) has recommended that the government increase the current adult national minimum wage by 3%, to £6.70.The current national minimum wage for employees of 21 years and over stands at £6.50 per hour. It will remain at this level until October 2015.Due to the rate of ...
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ArticleHSBC bonus pool fell to £2.38bn in 2014
HSBC’s bonus pool for staff across the organisation fell to £2.38 billion in 2014, down by £2.5 billion from 2013.However, the banking group’s Annual results 2014 also highlighted that its spend on employee compensation and benefits increased by 4% in 2014.Its report stated that because of further regulatory changes to ...
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Article£13,800 gender pay gap exists in public relations sector
A gender pay gap of more than £13,887 exists in the public relation (PR) sector, according to research by the Chartered Institute of Public Relations (CIPR).Its State of the profession 2015 report found this is an increase of 12% on the £12,390 gap identified in 2014.Of the average pay gap ...
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ArticleWages set to grow by 1.9% in 2015
Real pay is set to increase by 1.9% in 2015, with UK employees set to enjoy their first increase in wages since 2007, according to research by economic forecaster, EY Item Club. Its latest report on the labour market found that wage growth is expected to continue to accelerate, underpinned ...
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ArticleAnthea Cassano joins VMware
Cassano will be responsible for monitoring salaries and benefits, developing the employee benefits package and preparing and distributing information to staff.She has previously worked at market research firm TNS as compensation, benefits and human resources information systems (HRIS) manager, at Ceridian as compensation and benefits manager and at Vodafone as ...
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ArticleRoland Masterton moves to Mitsubishi UFJ Securities
In this role, he will specialise in the market analysis of employee benefits, salary and other forms of compensation.Prior to starting his new role, Masterton was group reward specialist at global reinsurance firm Aspen Re. He has also worked at the Body Shop, where he was international reward manager.
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ArticleDLA Piper appoints Jean Slater-Romp
Slater-Romp was previously at law firm Ashurst as senior HR manager, rewards and benefits, and senior manager of compensation and benefits.Slater-Romp previously worked at DLA Piper between 2012 and 2013 as an interim reward and global mobility manager.
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ArticleTotal pay rose 2.1% in final quarter of 2014
Total pay for UK employees increased by 2.1% (including bonuses) and by 1.7% (excluding bonuses) for the period October to December 2014, compared to the same period in 2013, according to research by the Office for National Statistics (ONS).Its UK Labour market survey also found this represented the highest annual ...
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ArticleEmployers will not incur penalties for late PAYE information
HM Revenue and Customs (HMRC) has announced employers will not incur penalties for delays of up to three days in filing pay-as-you-earn (PAYE) information.HMRC has advised that any employer that has received an in-year late filling penalty for the period 6 October 2014 to 5 January 2015 and was three ...
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ArticleYour Housing Group and Martin Arnold now living wage employers
Your Housing Group, Hegarty Solicitors and Martin Arnold Chartered Surveyors are among the latest employers to become accredited living wage employers. The accreditation is a formal agreement by the organisations to pay employees at least £7.85 an hour, or £9.15 in London, higher than the current minimum wage of £6.50 ...
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ArticleTwo-thirds of employees unaware what colleagues earn
Just 35% of UK staff know what their colleagues earn, but 42% feel comfortable enough to share details of their salaries, according to research by recruitment firm Glassdoor.Its survey of 1,068 UK adults also found that 60% think organisations should make such information more transparent, and 52% believe it would ...
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Article69% plan pay rise of 2% or more in 2015
More than two-thirds (69%) of private sector employers expect to increase their basic pay award by at least 2% in 2015, according to research from the Chartered Institute of Personnel and Development (CIPD).This comes as 39% of staff experienced a pay freeze in 2014, highlighting an increasing pay divide between ...
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ArticleEmployers spend less on benefits
The number of employers spending over 20% of employees’ salary costs on workplace benefits has dropped from a third in 2014 to a quarter this year, according to a study from Towers Watson.Just over a quarter (29%) of employers spend 11-15% on benefits, according to the study.The annual Benefits HealthCheck ...
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ArticleUK employees to see real wage growth in 2015
UK employees will start to see a recovery in real wage growth in 2015 as a result of lower inflation levels, according to research by global management consultancy Hay Group.Its Global salary forecasts 2015 report found that while salary forecasts of 2.5% remain the same as 2014, lower predicted inflation ...
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ArticleFinancial Times staff receive 2.2% pay increase
Financial Times (FT) employees will receive above-inflation pay rises of around 2% from 1 April 2015. Editorial staff will see their salaries increase by 2.2% for those paid up to £65,000 for the calendar year. This translates to 2.93% under its HR adjustment formula.The pay deal, which was outlined in ...
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Article39% will change jobs if pay does not increase in 2015
More than a third (39%) of respondents will look for a new job if they do not receive a pay rise in the next 12 months, according to research by Glassdoor.Its quarterly Glassdoor UK employment confidence survey, which surveyed more than 2,030 people, also found that nearly half (49%) said ...
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ArticleSports Direct faces bonus claims from zero-hours staff
Sports Direct is facing a claim from nearly 300 employees that were not eligible to participate in its bonus scheme because they were on zero-hours contracts. The employees were excluded from the retail organisation’s bonus arrangements, which paid out some £160 million worth of shares to 2,000 permanent employees. In ...
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ArticleHR professionals' pay to rise by 5% in 2015
Human resources (HR) professionals’ pay is expected to rise an average of 5% in 2015, according to research by recruitment agency Robert Walters.The 16th annual Robert Walters Global salary survey, which benchmarked the salaries of 2,850 HR professionals, also found that across the UK, salaries are rising fastest in the ...