All Pay strategy articles – Page 112
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OpinionLovewell's logic: Is the government offering enough support?
In this week’s mini-Budget, Chancellor Rishi Sunak announced the government’s plans to introduce a job retention bonus to support employers with returning staff to work following furlough. Under the terms of the scheme, for every employee that returns to work and is paid above the lower earnings limit of £520 ...
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ArticleRyanair reduces pay by up to 10% for UK cabin crew
Irish airline Ryanair has introduced 5-10% pay cuts for its UK cabin crew to avoid job losses due to the financial constraints of the Covid-19 (Coronavirus) pandemic.Depending on salary tier, employees will see their pay reduced by 5% for the lowest-paid staff, 7.5% for medium-tier staff and 10% for the ...
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Article35% of employers plan to freeze pay or postpone pay rises
More than one-third (35%) of UK employers are planning to freeze pay or postpone pay rises, according to research by Willis Towers Watson.Its survey of 15,000 employees across 132 countries also found that under two-fifths (39%) have already decided to reduce annual bonuses.In addition, the findings revealed that one-fifth (19%) ...
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ArticleGovernment announces Kickstart job scheme for young employees
Mini-Budget 2020: The government has introduced a new scheme offering to pay 100% of the wages of employees aged 16-24, if an organisation chooses to hire them on a six-month job placement.Employers can claim back the cost of the national minimum wage of £6.45 for employees aged between 18 and ...
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ArticleEmployers to receive £1,000 bonus for every furloughed employee returning to work
Mini-Budget 2020: The government has introduced a payment to UK employers of £1,000 for each furloughed employee who returns to work and remains with the business through to the end of January 2021.Employees must be earning above the lower earnings limit of £520 per month between the end of October ...
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ArticleSouth London and Maudsley NHS Trust gives 5,500 staff early access to pay
South London and Maudsley NHS Foundation Trust is giving its 5,500 employees early access to their pay due to the financial constraints of the Covid-19 (Coronavirus) pandemic.Employees will be able to receive 50% of their pay on the day that they earn it through payment platform Hastee, as part the ...
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ArticleJD Sports Fashion reports mean gender pay gap of 14.9%
Sports retailer JD Sports Fashion has reported a mean gender pay gap of 14.9% for average hourly pay as at April 2019.The organisation, which currently has over 49,000 employees, reported its gender pay gap data in line with the government’s gender pay gap reporting regulations.The reporting regulations require organisations with ...
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OpinionJames Davies and Amy Cooper: How are employers continuing to deal with Covid-19?
The Covid-19 (Coronavirus) crisis presents businesses with multiple challenges, including how to continue to get the best out of their workforce while keeping them safe.Many employees have had to juggle childcare and schooling responsibilities with working in makeshift home offices. The government’s furlough scheme has, meanwhile, helped preserve jobs where ...
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ArticleGovernment reverses ruling on charging tax for Covid-19 tests
The Government has reversed its ruling on classing Covid-19 (Coronavirus) testing as a benefit in kind tax.Concerns were raised by Mel Stride, chair of the treasury committee after guidance published by HM Revenue and Customs (HMRC) on 6 July 2020 stated that Coronavirus (Covid-19) testing kits or tests carried out ...
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ArticleKeep updated with the mini-Budget 2020
Chancellor Rishi Sunak will deliver his mini-Budget speech at approximately 12.30 pm on Wednesday 8 July 2020.He will be expected to discuss further plans to get the UK economy back on track to help businesses and the UK population deal with the financial ramifications of the Covid-19 (Coronavirus) pandemic.Stay tuned ...
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ArticleWates Group returns 3,500 employees to full pay
Construction business Wates Group has returned 3,500 non-furloughed employees to full pay, effective immediately. In April 2020, the organisation introduced businesses wide pay cuts and furloughed 1,400 employees. Those at board level received a 35% reduction in salary, senior employees received a 30% decrease, while non-furloughed employees, ...
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ArticleHachette UK reports mean ethnicity pay gap of 14.1%
Publishing group Hachette UK has reported a mean ethnicity pay gap of 14.1% for average hourly pay as at April 2019.This represents a 4.3% increase in average hourly pay for ethnic minorities within the organisation since it reported a gap of 9.8% in 2018.Its bonus pay gap currently stands at ...
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ArticleDunelm reports mean gender pay gap of 18%
Retail business Dunelm has reported a mean gender pay gap of 18% for average hourly pay as at April 2019.The organisation, which currently has over 9,000 employees, reported its gender pay gap data in line with the government’s gender pay gap reporting regulations.The reporting regulations require organisations with 250 or ...
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ArticleTwo NHS trusts give 34,000 staff early access to pay
Camden and Islington NHS Foundation Trust and Lincolnshire Partnership NHS Foundation Trust are giving their 34,000 employees early access to their pay due to the current financial constraints of the Covid-19 (Coronavirus) pandemic.Employees can access their pay through the Instantpay payment app, as and when they earn it, and until ...
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Poll: Is your organisation planning to voluntarily publish ethnicity pay gap data?
[polldaddy poll=10574884]
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Article22% of businesses offer voluntary unpaid leave to employees
Just under a quarter (22%) of organisations are currently offering voluntary unpaid leave, with 26% considering introducing this, according to research by Korn Ferry.Its survey of 121 UK businesses also found that 37% of respondents are reducing overtime hours, while 15% have implemented, or are considering introducing, early retirement programmes.More ...
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ArticleZurich UK reports mean ethnicity pay gap of 9.8%
Insurance organisation Zurich UK has reported a mean ethnicity pay gap of 9.8% for average hourly pay as at July 2020.This represents a two percentage point increase in average hourly pay for ethnic minorities within the organisation since it reported a gap of 11.8% in 2019.However, its bonus pay gap ...
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Article15% of SMEs plan to introduce pay cuts
One in six (15%) small and medium-sized enterprises (SMEs) are planning to make pay cuts according to research by Vestd.Its study of 500 UK-based business leaders, owners, partners, and C-suite executives also found that a further 17% were undecided, while 48% said there would be no pay rises in the ...
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ArticleFinancial Times reports mean gender pay gap of 16%
The Financial Times has reported a mean gender pay gap of 16% for hourly pay as at April 2020.The organisation, which currently has over 3,000 employees, reported its gender pay gap data in line with the government’s gender pay gap reporting regulations.The reporting regulations require organisations with 250 or more ...
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ArticleHM Treasury publishes updated version of job retention scheme
HM Treasury has published a revised direction on the Government Job Retention Scheme (GJRS), making this the third version of the GJRS since it launched on 15 April 2020.The legislation includes updates to the flexible furlough scheme which will come into effect on 1 July 2020.Organisations will be able to ...