All Pay strategy articles – Page 115
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ArticleVirgin Care introduces EWA incentive for staff
Photo credit: Virgin CareVirgin Care, the health and social care provider, has unveiled an Earned Wage Access (EWA) incentive for its 4,500 full-time workers.The collaboration with financial wellbeing platform Wagestream is designed to help employees deal with unexpected expenses and prevent financial strain.Under the scheme, individuals will be able to ...
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OpinionKaren Plumbley-Jones: Employers need to be aware of changing restrictions on exit payments
What government can introduce, government can also take away. Anyone who follows the machinations of local government have noted with interest that new rules (The Restriction of Public Sector Exit Payments Regulations 2020) recently came into force on 4 November 2020. Within them was the introduction of a £95,000 cap ...
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ArticleMerton College reveals Oxford living wage pledge
Merton College, part of the University of Oxford, has announced it has become an Oxford living wage (OLW) employer.The rate is specific to the region and set by Oxford City Council and is calculated at 95% of the London living wage. It means the college is now committed to paying ...
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ArticleOdey Asset Management loses incentives tax case
Hedge fund firm Odey Asset Management has lost its legal battle with HMRC in which it argued executives who were part of a partnership pay plan between 2011-12 and 2015-16 did not need to pay tax on their share options.The plan put 17 of its executives into a special purpose ...
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ArticleResolution Foundation finds half of staff saw real earnings slashed last year
Claims that weekly pay growth reached its highest rate for two decades in 2020 were too good to be true, according to a think-tank which has found half of all workers actually experienced a pay cut last autumn.The Resolution Foundation’s latest quarterly earnings outlook finds that compositional changes in the ...
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ArticleTUC demands coronavirus jab sick pay
The Trades Union Congress (TUC) is urging more employers to give staff paid time off if they fall unwell after having their Covid-19 (Coronavirus) jab.With more adults of working age now starting to receive their jabs, a new poll by the TUC among more than 1,000 firms found only 45% ...
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ArticlePublic sector workers paying more into pensions
A report by the National Audit Office (NAO) has revealed most pensions have become more affordable in recent years – but it has also raised concerns that pensions affordability among public sector workers is now falling behind.According to the report, employee contribution levels have increased by 16% in real terms ...
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ArticlePoll: Furlough scheme extension gets thumbs up from 55% of employers
Employee Benefits poll: More than half of employers agree with the government’s decision to extend the furlough scheme by a further five months.Also known as the Coronavirus Job Retention Scheme (CJRS), the initiative was expected to end on 30 April 2021. However, it has now been extended across the UK ...
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ArticleSupreme Court dismisses sleep pay claims
The Supreme Court has this morning (19 March) delivered its much-anticipated judgement on how rate of pay is calculated on so-called ‘sleep-in shifts’ – remuneration for those required to provide sleep-in cover, which is typically required in care homes.The verdict was that it dismissed the appeals from two claimants – ...
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Article45% of FTSE 100 firms use ESG to calculate pay
Research by PricewaterhouseCoopers (PWC) and London Business School has revealed environmental, social and governance (ESG) measures have reached widespread adoption in the setting of executive pay.Data from The paying well by paying for good report found the measures were now being used in approaching half (45%) of all FTSE 100 ...
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ArticleEXCLUSIVE: BT discusses what reward will look like in a post-Covid world
Employee Benefits Insights 2021: Megan O’Shaughnessy, head of reward at BT, detailed the "growing importance of flexible reward strategies post-Covid" at the online event.O’Shaughnessy acknowledged that many organisations may not be in a position to offer traditional reward levers such as pay rises, bonuses or long-term incentive plans as a ...
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ArticlePension Protection Fund ethnicity pay gap 'a problem'
The Pension Protection Fund (PPF) has published its ethnicity pay gap alongside its gender pay gap data for the very first time – and admits the results do not make happy reading.According to its report, the organisation's median gender pay gap increased from 13.39% in 2019 to 15.71% for 2020. ...
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OpinionWilliam Carter: Employers should take note that Uber drivers are now 'workers'
It’s over. It’s a case that has seen twists and turns during six long years, but last month the highest court in the land finally handed down its verdict on the classification of drivers who work for taxi-hailing firm Uber and, not to put too fine a point on it, ...
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ArticleEdinburgh Council becomes living wage employer
Edinburgh City Council, the capital's largest employer, has announced that all of its staff will receive at least the Scottish Local Government Living Wage (SLGLW) as part of their base pay from 1 April.The change will mean all employees earn at least £9.50 per hour, and the move marks a ...
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ArticleBrent Council publishes pay gap data
Brent Council has published its Gender, ethnicity and disability pay gap report, revealing its mean gender pay gap fell from 7.2% to 5.2% last year.But commenting on the findings, Debra Norman director of legal, HR, audit and investigations at the Council, believes the figures require close inspection.She said improvements in ...
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ArticleReport reveals sharp decline in pay for working mums
A report released by the Institute for Fiscal Studies (IFS) has revealed the extent to which working mums forego employment and improvements in their salaries after they have had children compared to men.The careers and time use of mothers and fathers report found that the numbers of hours worked by ...
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ArticleOne in eight quit work due to ill-health
A new report by the Trades Union Congress (TUC) has revealed the extent to which employees are forced out of the workforce early due to ill-health and lack of employer support.The Ending working lives report, published today (12 March), has revealed one in eight (12%) employees have to cut short ...
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ArticlePrivate ambulance drivers demand NHS sick pay
Private ambulance workers employed by Ezec have hit out at only receiving statutory sick pay (SSP) if they are off work due to Covid-19 (Coronavirus).While mainstream NHS staff are given full pay if they are ill with Coronavirus or have symtoms and have to self-isolate, those working for the ambulance ...
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ArticleKavitha’s keynote: Choosing to challenge
You would have had to have been hiding under a rock to miss the fact that it was International Women’s Day at the beginning of this week (8 March). Celebrated across the globe, this year’s theme was about choosing to challenge, encouraging people to call out gender bias and inequality.At ...
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ArticleCoal Authority releases gender pay gap data
Coal Authority has published its second gender pay gap report for the period April 2019 to March 2020, which reveals improvements across the board.Overall, its mean hourly rate of pay for men was £22.29 compared to £17.84 for women, representing a mean gender pay gap of 19.97%. This was ...