All Pay strategy articles – Page 132
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ArticleBarratt Developments, Carntyre Transport and North Air to furlough staff on full pay
Barratt Developments, North Air, and Carntyre Transport will all pay furloughed employees in full.The government’s furlough Covid-19 (Coronavirus) job retention scheme allows furloughed employees to receive 80% of their salary, capped at £2,500. However, all three organisations have made the decision to pay their employees an additional 20% during this ...
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ArticleRolls-Royce asks furloughed staff to swap four days leave to receive full pay
Furloughed employees at British engineering business Rolls-Royce have been asked to have their annual leave reduced by four days in return for receiving full pay.The reduction would allow Rolls-Royce to top up the government's job retention scheme by 20%, ensuring its furloughed employees receive 100% of their salary. Under the ...
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ArticleAshurst defers 50% of bonus payments for 2,800 employees
International law firm Ashurst will defer 50% of bonus payments for its 2,800 eligible employees until November 2020 to deal with the financial constraints of the Covid-19 (Coronavirus) pandemic.The organisation will pay its employees half of their annual bonus in July 2020, with the remainder paid at the end of ...
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ArticleConfessions of a benefits manager: Candid looks at tax-effective benefits
You would think in these difficult times, the executive team would have more important things to think about, but their self-interest is immune. One of the guys in C-suite has asked us to focus on making executive benefits more tax-effective. Well, that’s not exactly what he said; in fact, he ...
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ArticlePaul Hastings offers 1,600 employees access to Covid-19 hardship fund
Global law firm Paul Hastings has launched a special fund to financially support any of its 1,600 employees needing assistance during the Covid-19 (Coronavirus) pandemic.The fund, which is part of the organisation's PH balanced initiative, has been generated through donations by employees, which have been matched by Paul Hastings.These grants ...
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ArticleGovernment job retention scheme extended to support new staff
Newly hired employees may now be eligible to receive support through the government's Covid-19 (Coronavirus) job retention scheme.The government's new guidelines, published on 15 April 2020, extend the eligibility date by a further three weeks, enabling employees who were employed on or before 19 March 2020 to receive financial support. ...
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ArticleNZ Prime Minister and public service chief executives take 20% pay cut
New Zealand Prime Minister, Jacinda Ardern alongside government ministers and public service chief executives, will take a pay cut for the next six months to deal with the impact of Covid-19 (Coronavirus) pandemic.The members involved will receive a pay cut of 20% to acknowledge the number of employees in New ...
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ArticleVermont front-line employees to receive $1.50 hourly pay rise
Front-line employees under the state of Vermont in the United States will receive a pay rise of $1.50 (£1.20) to reward them for their efforts during the Covid-19 (Coronavirus) pandemic.This pay rise will specifically apply to those working within the health service facilities, correctional facilities, the juvenile rehabilitation centre, and ...
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ArticleDevon County Council social care workers to receive 12.8% pay rise
Devon County Council has announced it will be rewarding social care employees working under its jurisdiction, a 12.8% pay rise due to the increasing demands of the Covid-19 (Coronavirus) pandemic.The social care workers, who are currently on the national minimum wage of £8.72, will receive a pay rise of a ...
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ArticleStaff eligible for job retention scheme if organisation faces liquidation
Employees whose organisation faces administration during the Covid-19 (Coronavirus) pandemic could still be eligible for the government's job retention scheme.According to government guidelines updated on 9 April 2020, an administrator will now be able to pursue the job retention scheme for the organisation's employees if there is a likelihood of ...
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ArticleScottish social care employees to receive 3.3% pay increase
Social care employees in Scotland will receive a pay rise of 3.3%, backdated to 1 April 2020.The increase, agreed between the Scottish Government and Convention of Scottish Local Authorities (COSLA), is set to support social care employees and reward them for their hard work during the Covid-19 (Coronavirus) pandemic.Social care ...
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AnalysisShould employers take a radical approach to pay?
Need to know:Proactively communicating salary brackets for individual positions is an effective way of driving forward pay transparency.Good communication is key when changing pay strategies. Failing to communicate effectively can create distrust in pay practices, and trust is fundamental to employee decisions on whether pay is fair or not.Adopting radical ...
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Case StudiesCoolherbals introduced pay on demand to support financial wellbeing
Pay on demand, giving employees early access to their earned wages, does not necessarily address the issue of transparency, but it is a model that can reap significant benefits for the business. In sectors such as retail and hospitality, pay on demand can help to manage staffing challenges, but it ...
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OpinionSam Smethers: Is pay transparency radical?
Sometimes the simple and obvious thing can still be perceived as radical. When it comes to pay transparency, the idea that we might find out what our colleagues are earning is, at one level, radical because pay secrecy is the norm in most workplaces and talking about pay is taboo. ...
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ArticleZurich reduces mean gender pay gap from 22.8% to 20.7%
Insurance organisation Zurich has reduced its mean pay gap from 22.8% to 20.7% in 2018, and has seen its median gap also reduce from 22.6% to 20.2% in 2019.The gender pay gap reporting regulations require organisations with 250 or more employees to publish the differences in mean and median hourly ...
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ArticleKuehne and Nagel to furlough 13,000 employees on a minimum of 90% pay
Transport organisation Kuehne and Nagel will ensure that 13,000 employees receive in a minimum of 90% of their pay during the Covid-19 (Coronavirus) pandemic.Following talks with trade union Unite, the organisation confirmed that employees who earn £20,000 or below will receive full pay while furloughed, and employees who earn under ...
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Article27,000 Porsche employees receive profit-sharing bonus
Car manufacturer Porsche is giving its 27,000 German employees a bonus, to reward their efforts for 2019.Employees will receive €9,000 euros (£7,887) in their April 2020 pay based on their efforts during the 2019 financial year, while an extra €700 (£613) will be made available as a special contribution towards ...
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ArticleHerbert Smith Freehills splits bonus payment for 5,000 employees
International law firm Herbert Smith Freehills (HSF) will split its bonus payments annually paid to its 5,000 employees due to the financial constraints of operating during the Covid-19 (Coronavirus) pandemic.The bonus, normally paid in full to employees in July, will be split into two increments; 50% being paid in July, ...
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ArticleWalmart Canada pays 90,000 employees appreciation bonus
Supermarket retailer Walmart Canada is rewarding 90,000 employees an appreciation bonus to recognise the efforts of full-time and part-time employees during the Covid-19 (Coronavirus) pandemic.To thank store and supply chain employees, Walmart paid full-time employees a $200 bonus, and part-time employees a $100 employees along with their March pay.Additionally, the ...
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ArticleStena Line to furlough 600 employees on full pay
Swedish ferry organisation Stena Line will furlough 600 employees on full pay, due to the ongoing Covid-19 (Coronavirus) pandemic.Announced on 6 April 2020, the organisation confirmed that it had to make tough decisions to cut costs and ensure supply lined to UK and Ireland are protected.Stena Line confirmed that all ...