All Pay strategy articles – Page 191
-
ArticleDeutsche Bank cuts variable compensation pool by 77%
German global banking and financial services organisation Deutsche Bank has decreased its 2016 overall variable compensation pool by 77% to €0.5 billion (£0.4 billion).The organisation, which employs 99,744 members of staff, had a variable compensation pool of €2.4 billion (£2 billion) in 2015.The variable compensation pool includes an annual performance ...
-
Article29% do not view the gender pay gap as a business issue
More than a quarter (29%) of senior decision maker respondents do not view the gender pay gap as an issue for businesses, according to research by NGA Human Resources.Its survey of 250 senior decision makers at UK organisations that are eligible for gender pay gap reporting from April 2017, also ...
-
ArticleCricket Australia offers female players a 125% pay increase
Cricket Australia has offered female cricketers an average pay rise of 125% as part of a new remuneration and benefits proposal.A new five-year memorandum of understanding (MOU) aims to increase pay for female athletes, with pay for international female cricketers set to increase from $79,000 (£49,028) to $179,000 (£111,089) as ...
-
ArticleDisney to provide $3.8m in back pay to US staff
Two subsidiaries of entertainment organisation The Walt Disney Company are to provide a total of $3.8 million (£3.1 million) in back pay to 16,339 US employees following minimum wage and overtime violations.The US Department of Labor has reached an agreement with the Disney Vacation Club Management Corporation and the Walt ...
-
ArticleMissing comma enables dairy delivery drivers to claim overtime pay
A missing comma in Maine’s overtime law exemption document has entitled US food organisation Oakhurst Dairy's delivery drivers to overtime pay.In the case of O’Connor et al. v Oakhurst Dairy et al., which was heard by the United States Court of Appeals For the First Circuit, Oakhurst Dairy delivery drivers ...
-
ArticleUS women’s ice hockey team refuses to compete over pay dispute
The US Women’s National Hockey Team has refused to participate in the International Ice Hockey Federation (IIHF) World Championship games in a bid to further negotiations around fair wages and support for the team’s players.The women’s hockey team was due to arrive at a Michigan-based training camp on 21 March ...
-
ArticleTotal pay increases by 0.7% in real terms
Total pay, including bonuses, increased by 0.7% in real terms in Great Britain between November 2015-January 2016 and November 2016-January 2017, according to the Office for National Statistics (ONS).Its UK labour market: March 2017 report also found that regular pay, excluding bonuses, increased by 0.8% in real terms between the ...
-
ArticleUber agrees $20m settlement for misleading driver earnings claim
Uber has agreed to pay $20 million (£16,252,235) to settle a claim that it misled prospective drivers by exaggerating how much they could earn in certain cities.The claim, which was brought forward by the US Federal Trade Commission (FTC), alleges that Uber exaggerated the hourly and yearly income drivers could ...
-
ArticleAsda offers pay increase under new contract
Retail organisation Asda has offered 135,000 UK-based store employees a pay increase as part of a new contract.The Your Choice contract, which is voluntary, will enable staff to earn a minimum of £8.50 an hour from October 2017.Current staff can decide whether or not to move to the new contract, ...
-
ArticleVirgin Money reports a 36% mean gender pay gap
Virgin Money had a mean gender pay gap of 36% at April 2016, according to the organisation’s 2016 annual report.The financial services organisation recorded a median gender pay gap of 39% at April 2016.The pay gap has been attributed to the under-representation of female employees in senior leadership roles and ...
-
ArticleUBS cuts performance award pool by 17%
Swiss banking organisation UBS has decreased its 2016 performance award pool by 17% to CHF2.9 billion.The organisation, which employs 59,387 members of staff, had a performance award pool of CHF3.5 billion in 2015.The performance award pool includes all discretionary performance-based variable awards. It is determined by business performance, including group ...
-
ArticleJohn Lewis and Waitrose staff to receive 6% bonus
Around 86,700 employees at John Lewis and Waitrose will receive a bonus worth 6% of their salary.The bonus is equivalent to more than three weeks’ pay for staff that have been employed by the John Lewis Partnership for an entire year. In total, the bonus will amount to £89.4 million.The ...
-
ArticleTesco to back pay staff after salary sacrifice-linked living wage error
Retail organisation Tesco is to provide back pay to 140,000 former and current employees after it was found that their pay fell below the national living wage after salary sacrifice deductions.An internal review of Tesco’s reward system found that some employees were being left with a base salary below the ...
-
ArticleGovernment to publish call for evidence on employee expenses
Spring Budget 2017: The government is to publish a call for evidence to better understand the use of income tax relief for employees’ expenses.The call for evidence, which was first announced in the Autumn Statement 2016, was reiterated in the Spring Budget 2017 policy paper.The call for evidence will also ...
-
ArticleGovernment to monitor national insurance employment allowance
Spring Budget 2017: The government has announced that national insurance (NI) employment allowance is being actively monitored by HM Revenue and Customs (HMRC).Chancellor Philip Hammond announced the move in the Spring Budget 2017, following reports of some organisations using schemes to avoid paying the correct NI contributions.If avoidance continues, the ...
-
ArticleDance organisation Rambert gains living wage accreditation
Professional dance organisation Rambert has been accredited as a living wage employer by the Living Wage Foundation.The organisation, which employs 48 London-based staff, will pay at least the London living wage rate of £9.75 an hour to both permanent employees and third-party contractors.The living wage is a voluntary rate, which ...
-
ArticleBritish Gas is refused right to appeal in holiday pay commission case
The Supreme Court has refused energy organisation British Gas permission to appeal in a case centring around the inclusion of commission in holiday pay.In a decision made on Tuesday 28 February 2017, the Supreme Court did not grant the energy organisation the right to appeal in the British Gas v ...
-
AnalysisInfographic: How are employers offsetting the national living wage?
An infographic looking at the national living wage offsetting measures employers either have, or were, considering implementing. (Source: Incomes Data Research's Impact of the national living wage: a report for the Low Pay Commission, October 2016)Read more in How to future proof a reward strategy in light of changing pay ...
-
OpinionDavid Baxter: Executive remuneration and the future of the long-term incentive plan
Many listed organisations will be putting their directors’ remuneration policy back to shareholders at the 2017 annual general meeting (AGM) for the first time since 2014. Renewal of the policy comes against a background of increasing calls for executive pay restraint and the risk of another ‘shareholder spring’ if investors ...
-
Case StudiesWild Card Brewery sees the value in going beyond the minimum
Walthamstow-based micro-brewery and bar Wild Card Brewery decided to pay its staff the London living wage, as determined by the Living Wage Foundation, when the business was first set up in 2012. Andrew Birkby, one of the firm’s founders, says: “The national living wage that employers are now required to ...