All Pay strategy articles – Page 127
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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 ...
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ArticleAmazon rewards front-line employees with appreciation bonus
Amazon is to pay an appreciation bonus to its employees worldwide to reward them for their efforts during the Covid-19 (Coronavirus) pandemic.All front-line employees and partners who worked at the business during June 2020 will be eligible.Full-time employees will receive a $500 (£407) bonus, part-time Amazon employees will receive a ...
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ArticleBank of England reports mean gender pay gap of 19.5%
Bank of England has reported a mean gender pay gap of 19.5% for hourly pay as at April 2019.The organisation, which currently has over 4,000 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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ArticleThe Stavros Niarchos Foundation rewards 4,600 hospital workers with Covid-19 bonus
The Stavros Niarchos Foundation (SNF) will reward all nurses, doctors and members of cleaning staff with a special payment for working on the front-line in Covid-19 (Coronavirus) wards.The reward will be for all workers across all hospitals in Greece, with the appreciation payment totalling $7.5 million (£6.8 million).The payment will ...
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ArticleWalmart rewards front-line employees with $300 bonus
US supermarket chain Walmart will reward its hourly paid employees with an additional bonus to recognise them for their efforts during the Covid-19 (Coronavirus) pandemic.The June 2020 bonus payment, will see full-time employees receive $300 (£242) and part-time employees $150 (£121). Assistant managers in Walmart stores and Sam's Clubs will ...
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ArticleLloyd's reports mean gender pay gap of 23.6%
Insurance organisation Lloyd's has reported a mean gender pay gap of 23.6% for hourly pay as at April 2019.The organisation, which currently has over 65,000 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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ArticleTransport for London delays bonus payments for senior managers
Transport for London (TfL) has delayed bonus payments for senior managers until 2021 to deal with the financial ramifications of Covid-19 (Coronavirus).Senior employees including area managers, train operators and senior application engineers, with salaries ranging from salaries of £50,000 - £149,0000, will have their bonus payments delayed for 12 months. ...
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ArticleConfessions of a benefits manager: Candid considers pay cuts
You might have noticed that occasionally I step away from benefits to look at compensation instead. I rather like these opportunities. After the complexity of pensions regulation and global healthcare differences, base pay is, well, pretty basic. Or at least it was.Only a couple of months ago, we agreed pay ...
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ArticleConnected Health becomes accredited living wage employer
Home care organisation Connected Health is to increase hourly pay rates for its 220 employees to bring these in line with the Living Wage Foundation recommended by the Living Wage Foundation.This accreditation will see all 220 Connected Health workers receive a minimum hourly wage of £9.30 in the coming months, ...
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ArticleMayo Clinic lifts Covid-19 pay cuts six months earlier than planned
US non-profit healthcare organisation Mayo Clinic will restore 20,000 employees to full pay from 24 June 2020, six months ahead of schedule.Due to the estimated long-term financial ramifications of the Covid-19 (Coronavirus) pandemic, physicians and senior administrators have been a 10% reduction in pay while other salaried employees saw a ...
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ArticleMurphy returns 4,000 employees to full pay
Engineering and construction organisation Murphy has confirmed it will restore 4,000 employees to full pay from August 2020, following on from a business-wide pay reduction.Due to the financial constraints of the Covid-19 (Coronavirus) pandemic, employees have been receiving a 10% reduction in salary since May 2020, while senior leaders have ...
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ArticleKier Group reports 19.1% mean gender pay gap
Kier Group has reported a mean gender pay gap of 19.1% for hourly pay as at April 2019.The organisation, which currently has over 15,000 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 employees ...
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ArticleNorthern Ireland Ambulance Service HSC Trust gives ambulance workers pay rise
Northern Ireland Ambulance Service HSC Trust is giving its ambulance workers a pay rise, backdated to January 2017.The pay changes will affect emergency medical technicians (EMT), paramedics and rapid response paramedics (RRP).Alongside the pay changes, employees will see their pay bands upgraded within the Agenda for Change pay structure.EMTs will ...
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ArticleLaing O'Rourke returns 8,000 employees to full pay
Construction organisation Laing O'Rourke will return all of its employees to full pay and full working hours, after introducing cost reducing measures during the Covid-19 (Coronavirus) pandemic.The salaries and hours of 8,000 employees were cut by 20%, while senior management and board directors received a 30% reduction in pay and ...
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Article18% of employers expect a decrease in the number of bonus payments
Just under one in five (18%) respondents expect the number of bonus payments paid to employees will decrease, according to research by Paydata.Its survey of 170 human resources, finance directors, and reward and compensation specialists, also found that while almost three-quarters (74%) of employers are still offering a bonus scheme, ...
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ArticleUniversity of Cambridge introduces 10% voluntary pay reduction scheme
The University of Cambridge has introduced measures to deal with the financial ramifications of Covid-19 (Coronavirus) including a voluntary pay reduction scheme for senior university staff.The council agreed to introduce a voluntary temporary pay reduction scheme for six months. This would be effective for university staff whose salary exceeds £100,000. ...
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ArticleTC Facilities Management gives 5,000 employees early access to pay
Facilities management organisation TC Facilities Management (TCFM) is allowing its 5,000 employees to access up to 50% of their pay immediately.The organisation is introducing the new benefit to ensure that all TCFM employees will be supported financial during this uncertain time, and to reward staff for their hard work in ...