All Pay strategy articles – Page 104
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ArticleAllen and Overy increases pay for newly qualified lawyers
International law firm Allen and Overy is to increase the salary of all newly qualified lawyers, after implementing pay reductions due to the Covid-19 (Coronavirus) pandemic.From December 2020, Allen and Overy will increase the salary of newly qualified lawyers to £95,000 per annum. This will be backdated to November 2020. ...
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ArticleFona International pays recognition bonus to 220 employees
Image credit: PR NewswireGeneva-based food and beverage flavour organisation Fona International is to reward its 220 employees with a $2,500 (£2,073) bonus payment for every year they have worked at the organisation. The bonus, which will be paid in December 2020, was announced to employees via a video call. It ...
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ArticleVolkswagen Financial Services UK reports 24.7% mean gender pay gap
Volkswagen Financial Services UK (VWFS) has reported a mean gender pay gap of 24.7% for average hourly pay as at April 2019, down from 26.8% the previous year.The organisation, which currently has more than 1,000 employees, reported its gender pay gap data in line with the government’s gender pay gap ...
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ArticleB&M repays government £3.7 million in furlough costs
Retail employer B&M has paid back in fullthemoney it receivedas part of the government’s employee furlough scheme as financial support during the Covid-19 (Coronavirus) pandemic. In April 2020, the organisation temporarily closed 49 of its stores and made use of the Coronavirus Job Retention Scheme (CJRS) to furlough employees affected ...
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ArticleChannel 4 reports 21.5% mean gender and 15.3% ethnicity pay gaps
Media organisation Channel 4 has reported a mean gender pay gap of 21.5% for average hourly pay as at March 2020 down from 23.3% the previous year. It has also chosen to report its ethnicity pay gap data, finding a 15.3% mean difference.The organisation, which currently has over 700 employees, ...
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ArticleBBC pay discrimination cases dismissed by Equality and Human Rights Commission
Public television organisation British Broadcasting Corporation (BBC) has been cleared of all pay discrimination cases filed by employees, following on from an investigation by the Equality and Human Rights Commission.In March 2019, the commission launched an investigation into 40 informal and formal pay complaints, out of the 1,000 that were ...
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ArticleGovernment publishes further guidance on Job Retention Scheme
The government has published further guidance on the Government Job Retention Scheme (GJRS), including details on flexible furlough and employees taking paid leave.The guidance outlines the increase in flexibility that the extended scheme provides when compared to its original implementation in March, such as allowing flexible furlough from the start.Under ...
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ArticleAldi rewards front-line employees with 10% bonus payment
Supermarket chain Aldi is rewarding its 35,000 front-line employees with a 10% bonus to recognise their efforts dealing with the increasing demand for products during the Covid-19 (Coronavirus) pandemic.The 10% bonus will be paid to all permanent and temporary staff that have worked on the front-line in Aldi stores, which ...
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ArticleLidl increases hourly pay for 20,000 employees
Supermarket chain Lidl has announced that it will increase hourly pay for 25,000 employees to further support their financial wellbeing.Employees on entry-level pay will see an increase of 20p to £9.50 an hour, and £10.75 to £10.85 for staff in London, which could go up to £11.85 depending on location ...
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ArticleTesco rewards staff with 10% bonus payment
Supermarket chain Tesco is rewarding its employees with a 10% bonus to recognise their efforts dealing with the increasing demand for supplies during the Covid-19 (Coronavirus) pandemic.The 10% bonus will be paid to all permanent employees that work within its stores, distribution centres, customer fulfilment centres and its customer engagement ...
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ArticleSimmons and Simmons resumes bonus reviews
International law firm Simmons and Simmons has resumed its annual pay and bonus reviews that were initially put on hold due to the financial uncertainty resulting from the Covid-19 (Coronavirus) pandemic.The employer delayed salary and bonus performance-based reviews, as well as partner distributions in April 2020 during a reduction in ...
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ArticleNetwork Rail gains living wage accreditation
Railway organisation Network Rail has officially become a real living wage employer, accredited by the Living Wage Foundation.Its 41,000 employees will benefit fromthe living wage, which has increased by 20p per hour as of 9 November 2020, to£9.50 outside of London and £10.85 in the capital. The living wage, which ...
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ArticlePRS for Music reports mean gender pay gap of 13.8%
Image credit: Andi SmallwoodPRS for Music has reported a mean gender pay gap of 13.8% for average hourly pay as at April 2020 down from 19.1% the previous year.The organisation, which currently has over 1,000 employees, reported its gender pay gap data in line with the government’s gender pay gap ...
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ArticlePandora to pay staff in full during Covid-19
Jewellery manufacturer and retailer Pandora will continue to pay its employees in full despite the financial ramifications of the Covid-19 (Coronavirus) pandemic.The employer has confirmed that despite lockdown measures forcing UK stores to close once again, Pandora will continue to pay employees in full during uncertain times.In March 2020 when ...
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ArticleReal living wage rate increases to £9.50 an hour for UK staff
The real living wage rate has increased by 20p per hour, rising from £9.30 to £9.50 an hour for employees working across the UK, as announced by the Living Wage Foundation today (Monday 9 November 2020).The real London living wage, paid voluntarily by employers has also increased by 10p, from ...
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ArticleGovernment extends furlough scheme to March 2021
The government has extended the Coronavirus Job Retention Scheme (CJRS) to March 2021, following the introduction of national lockdown restrictions across England on 5 November 2020.Under the terms of the extension, the government will continue to pay up to 80% of a person’s wage capped at a maximum of £2,500 ...
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Supplier articleHow salary sacrifice schemes work for furloughed employees
With the Coronavirus Job Retention Scheme (CJRS) now extended until March 2021, how will this affect your salary sacrifice schemes?Thankfully, employers have options when it comes to managing their salary sacrifice schemes for furloughed employees and employers can work with their staff to come to the best arrangement to suit ...
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ArticleBloomsbury reimburses employees for Covid-19 pay cuts
Publishing house Bloomsbury will reimburse employeeswho were affected by pay cuts during the Covid-19 (Coronavirus) pandemic.Due to the financial uncertainly caused by the pandemic, from April to June 2020, employees within the organisation were subject to pay reductions of up to 30%, with senior staff being the most adversely affected. ...
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ArticleSainsbury's rewards employees with 10% bonus payment
Supermarket chain Sainsbury's is rewarding 116,400 employees with a 10% bonus, to recognise their efforts dealing with the increasing demand for supplies during the Covid-19 (Coronavirus) pandemic.The bonus, which willequate to 10% of employees’ salary based on hours they worked over a four-week period,is the second special payment that Sainsbury's ...
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ArticleMedian weekly earnings decrease by 18.1% for staff in accommodation and food service roles
The median weekly earnings for full-time employees working in accommodation and food service roles have seen a 18.1% decline since 2019, according to research by the Office for National Statistics (ONS).Its Employee earnings in the UK: 2020 report, published November 2020, which uses data from the Annual survey of hours ...