All Pay strategy articles – Page 100
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ArticleAutomatic enrolment trigger freeze to create just 8,000 new savers
The Department for Work and Pensions’ (DWP) annual review of the automatic enrolment trigger and qualifying earnings for 2021-22, has concluded the existing automatic enrolment (AE) threshold should stay the same for 2021/22 – meaning there will not be many new savers who start contributing to a workplace pension this ...
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Article
Poll: Does your organisation link pay and bonuses to social responsibility goals?
[polldaddy poll=10721256]
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ArticleEmployers more confident about offering pay rises
Growing numbers of employers are feeling more confident about offering pay rises, according to research by Morgan McKinley.The study found that nearly half (49%) of employers surveyed are optimistic about awarding pay increases this year, with 53% expecting their organisation’s activity levels to rise to allow for it.The research revealed ...
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ArticleTypical pay awards could fall to 1%
Annual pay awards have steadied at a median of 2% in the three months to the end of December 2020 and are unchanged for the third consecutive rolling quarter, but early indications suggest pay settlements in 2021 could be half as much.Whole-year data shows the extent to which pay awards ...
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ArticleEmployees urged to report forced unpaid leave for home working
City workers are being urged to confront the emerging practice of being threatened with unpaid leave for refusing to travel to the office during the national lockdown.The City of London Corporation is calling on staff in the Square Mile to send it an anonymous complaint if they feel bosses are ...
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ArticlePhoenix Group introduces five more days of emergency leave
Long-term savings and retirement business Phoenix Group is providing five more paid leave days for working carers to help them cope with the third national lockdown.Sara Thompson, group HR director, said: “Last year we provided colleagues with similar access to five days' emergency paid leave to help them during the ...
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ArticleAldi boosts pay above Living Wage Foundation levels
Supermarket giant Aldi is rewarding staff for their hard work during 2020 by giving all of its 30,000 employees pay rises from 1 February.London-based staff who work inside the M25 will see their pay increase from £10.90 per hour to £11.07 per hour, while those outside the capital will all ...
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ArticleApple executive bonuses to link to social responsibility
Technology giant Apple has become the latest corporate to announce it will soon begin rewarding senior executives according to how well they meet environmental and social governance (ESG) goals.For the first time, executives will have their cash bonuses modified and linked to ESG targets. Bonuses paid out could be impacted ...
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ArticleRoyal College of Midwives research: NHS workers need ‘decent pay’ to feel valued
Separate polls of NHS workers and those belonging to the Royal College of Midwives (RCM) have both found that urgent pay increases are needed for staff to feel recognised and to prevent them from quitting their jobs altogether.According to research by the RCM – which forms part of its evidence ...
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ArticleGreene King relaunches employee support fund
Pub chain Greene King has announced plans to relaunch its Covid-19 (Coronavirus) Emergency Support Fund, which is designed to give hard-pressed team members financial assistance.The fund, which was initially in place between from March-June last year, helped distribute £650,000 in grants to employees. The grants enabled financially-pressed workers to access ...
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ArticleUnions promise to fight working week and holiday pay ‘dilutions’
Trade unions have vowed to vigorously oppose any so-called ‘deregulatory measures’ impacting the working week and rules for calculating holiday pay that are reportedly being considered by the government as part of its post-Brexit plans.According to reports, the Department for Business is now actively preparing measures that include scrapping the ...
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ArticleHarperCollins reports 15.3% mean gender pay gap
Publishing organisation HarperCollins has reported a mean gender pay gap of 15.3% for average hourly pay as at April 2020.The organisation, which currently has more than 500 employees in the UK, disclosed its data in line with the government’s gender pay gap regulations.The reporting rules require employers with 250 or ...
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ArticleLinklaters reports 20.7% mean gender and 10.8% ethnicity pay gaps
Global law firm Linklaters has reported a 20.7% mean gender pay gap among more than 5,000 employees, as at April 2020. It has also voluntarily chosen to disclose its ethnicity pay gap data, finding a 10.8% mean difference.Due to the Covid-19 (Coronavirus) pandemic, gender pay gap reporting regulations have been ...
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ArticleGenerous anonymous customer tips Joey B restaurant staff $1,300
Something for the weekend: During difficult times, a kind gesture from a customer boosted morale at US-based restaurant Joey B.Like many restaurants, Joey B has been struggling throughout the pandemic due to the fluctuations in demand. To lift spirits and keep motivation high among staff, an anonymous customer left a ...
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ArticleMorrisons to increase pay for 96,000 store employees
Supermarket retailer Morrisons has announced plans to introduce a new pay deal for its store-based employees.The new pay deal, effective from April 2021, will affect around 96,000 employees with the majority of staff expecting a 9% increase in pay. The retailer's minimum hourly rate currently stands at £9.20 an hour.In ...
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AnalysisWhat issues are impacting employers' 2021 pay strategies?
Need to know: Employers reviewing pay and bonus strategies have a number of factors to consider in 2021.The Covid-19 pandemic and Brexit have created a level of risk when looking to introduce salary reviews.Employers may struggle to award incentive payments due to the levels of economic uncertainty.The new year often ...
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OpinionLora Murphy: Pay strategies in 2021 will be affected by uncertainty
When people think of the year 2020, it would be plausible to state that the word ‘uncertainty’ springs to their minds. As Covid-19 (Coronavirus) spread and impacted individuals all over the world, employers and employees alike could not be sure what to expect.In response to this, the government introduced a ...
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OpinionCharles Cotton: Key factors that will impact pay strategies in 2021
There are several issuesthat will affectthe confidence and performance of organisations,and consequently pay strategies, in 2021. This will, however, varybetween industry. The most obvious issue is the Covid-19 (Coronavirus) pandemic and the continuing economic fallout that many organisations are having to contend with due to restrictions. At the time of ...
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ArticleSafespaces becomes accredited real living wage employer
Yorkshire based disability services and support organisation Safespaces has become a real living wage employer, accredited by the Living Wage Foundation.The organisation, which has committed to paying the real living wage to all employees, chose to implement the standard to aid health and wellbeing, as well as a means of ...
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ArticleErnst and Young reports 32.4% mean gender and 36.7% ethnicity pay gaps
Professional services organisation Ernst and Young (EY) has reported a 32.4% mean gender pay gap, as at April 2020. It has also voluntarily chosen to report its ethnicity pay gap data, which shows a 36.7% mean difference.The organisation’s median gender pay gap including more than 11,000 employees is 15.3% as ...