All Pay strategy articles – Page 153
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Case StudiesThe benefits offered by TGI Friday’s
The benefits offered by TGI Friday’s:PensionsA defined contribution (DC) pension scheme via the National Employment Savings Trust (Nest): staff save 5% of their salary and TGI Friday’s contributes 3%.Managers and directors of operations can opt to save into a group personal pension (GPP), provided by Standard Life, which enables them ...
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ArticleTotal pay has increased by 1.8% in real terms since June 2018
Total pay for employees in the UK, including bonuses, increased by 1.8% in real terms during the reporting period between April to June 2018 and April to June 2019, according to research by the Office for National Statistics (ONS).The Average weekly earnings in Great Britain: August 2019 report also found ...
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ArticleGovernor of Oregon signs paid family medical leave bill into law
The governor of Oregon, Kate Brown (pictured), has this month signed a new paid family medical leave bill into law, enabling Oregon-based employees to take up to 12 weeks of paid leave to care for a new baby.The bill, which was passed in legislature with bipartisan support, was formally signed ...
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ArticleA third of employers predict pay increases of between 2% and 2.99% by June 2020
Just over one-third (35%) of employer respondents expect to implement a basic pay increase of between 2% and 2.99% in the year to June 2020, according to research by the Chartered Institute of Personnel and Development (CIPD) and the Adecco Group.Its Labour market outlook: Summer 2019 report, which polled 2,104 ...
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OpinionKatherine Chapman: Living wage brings clear benefits to employees and employers
The Social Metrics Commission's Measuring poverty report, published in July 2019, found that 14 million people are now in poverty, with four million trapped in 'deep poverty', with incomes at least 50% below the official breadline. What is perhaps equally as shocking is that many of these people are in ...
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OpinionKevin Hollinrake MP: Offering support to employees in financial hardship
A record 32.75 million people are now employed in the UK, and we have the lowest unemployment rate since 1974, according to figures from the Office for National Statistics (ONS) published in July 2019. Wage growth, which has been stubbornly subdued, is now an inflation-busting 3.6%.However, the persistent problem of ...
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ArticleThink tank proposes increases to wages and annual leave to boost UK’s productivity
Image credit: NEFBritish think tank the New Economics Foundation (NEF) has proposed that minimum wages and statutory paid holiday entitlement be increased in order to improve the UK’s productivity.The Time for demand: Boosting productivity with public investment, minimum wages and paid holiday report, published in August 2019, suggested that bolstering ...
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ArticleFifth Third Bancorp to increase minimum wage to $18 an hour
Ohio-based financial services organisation Fifth Third Bancorp will increase its minimum hourly wage to $18 (£14.86) an hour from 28 October 2019.The pay increase, which is not applicable for employees who work on a commissioned basis, is expected to benefit approximately 4,900 staff members, primarily employed in the organisation’s retail ...
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ArticleBird's brainstorm: Perks pale when staff still fight for fair pay
At Employee Benefits, we spend much of our time considering the balance of importance between financial rewards, exciting perks, and the deeper culture of an organisation. The argument increasingly lands on the side of saying that, while pay is an important hygiene factor, it is not the be all and ...
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ArticleCourt of Appeal dismisses holiday pay case in support of teacher
The Court of Appeal has dismissed a case brought forward by the Harpur Trust on behalf of Bedford Girls School concerning the holiday pay of a music teacher on a zero-hours contract.The court, which issued its judgment on Monday 6 August 2019, confirmed that staff employed on a zero-hours contract, ...
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Article
Alice Honeywill: Will a bonus for new mothers sufficiently address the gender pensions gap?
I read with interest the June 2019 report that consumer association Which? published in collaboration with the Pension Policy Institute (PPI) entitled Top up the pots: Achieving adequate retirement incomes with automatic-enrolment.The reports looks at a variety of different areas, with one suggestion in particular that the state should award ...
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ArticleTim Pike: Will a bonus for new mothers sufficiently address the gender pensions gap?
Gender inequality in pension saving leads to an imbalance of finances within families and risks leaving women vulnerable at particularly sensitive times.Mothers who have not worked, but have instead taken time to raise a family, rate their financial wellbeing worse than any other group, according to the Wellbeing, health, retirement ...
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ArticleGareth Shaw: Will a bonus for new mothers sufficiently address the gender pensions gap?
The gender pension gap, which sees women retiring with less money than men, is rooted in a number of different issues. One of the main driving forces behind this, though, is the motherhood pension penalty.Automatic-enrolment into workplace pension schemes has been hugely effective in encouraging people to save for later ...
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ArticleLincolnshire County Council health visitors continue industrial action in pay dispute
Health visitors, trained nurses who attend patients at home, employed by Lincolnshire County Council and who are members of the trade union Unite, are hosting demonstrations over the next three days, in relation to an ongoing pay dispute.The demonstrations are to take place today (Wednesday 7 August 2019) at Marshall's ...
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OpinionOliver Topping: How to spot personal data breaches and when to report them
In 2018, new data protection laws brought in a requirement for data controllers, like employers and trustees of pension schemes, to make reports swiftly after certain types of personal data breaches occur.Before rushing to pick up the phone to the Information Commissioner’s Office (ICO) or emailing affected employees or pension ...
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ArticleLineside Logistics staff at Ford's Dagenham plant vote to accept one-year pay deal
Approximately 300 contract staff employed by on-site logistics organisation Lineside Logistics, based at car manufacturer Ford’s plant in Dagenham, have voted to accept a one-year pay deal.The agreement, negotiated with trade union Unite, awards employees a 3% pay rise, backdated to 1 July 2019.The pay deal further confirms financial improvements ...
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ArticleSuez enhances paid parental leave for 2,800 staff in Australia
Resource management organisation Suez has enhanced its paid parental leave benefits for 2,800 employees based in Australia.Announced on 24 July 2019, the improved policy, which became effective on 1 July, enables primary carers to take up to 14 weeks of paid parental leave immediately after the birth of their baby, ...
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ArticleApproximately 250,000 UPS staff receive back pay and wage increase
Approximately 250,000 full and part-time employees at American package delivery and supply chain management organisation United Parcel Service (UPS) are set to receive a pay increase and back pay as a result of a new collective bargaining agreement.The deal, negotiated in conjunction with north American trade union Teamsters, includes a ...
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ArticleYorkshire-based Drax employees vote to accept two-year pay deal
Staff employed by energy organisation Drax, based at its Selby power station in Yorkshire, have voted to accept a two-year pay deal.Under the agreement, staff members across all pay bands, including apprentice grades, will receive a 2.8% pay increase, backdated to 1 January 2019. In addition, from 1 January 2020, ...
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ArticleLewisham Council proposes paid parental leave scheme for councillors
Local authority Lewisham Council is planning to amend its scheme of allowances for council members, in order to facilitate a paid parental leave scheme.In a council meeting held on Wednesday 24 July 2019, attending councillors approved the proposal that the allowances scheme for members be amended in order to accommodate ...