All Pay strategy articles – Page 201
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ArticleEXCLUSIVE: Benefex gains living wage accreditation
EXCLUSIVE: Employee benefits provider Benefex has been accredited as a living wage employer by the Living Wage Foundation.The accreditation recognises the organisation’s commitment to paying all of its 160 employees, and third-party contractors, at least the living wage rate of £8.25 an hour.The living wage is a voluntary rate calculated ...
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ArticleGender pay gap reporting takes shape
In February 2016, the government expanded on its plans to require organisations with more than 250 employees to publish gender pay gap data.In addition to publishing average gender pay gap and bonus pay gap data, under the draft regulations, firms will also have to publish the number of male and ...
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ArticleScottish Parliament staff accept pay deal
Scottish Parliament staff have accepted a two-year pay deal for 2016-2018.Employees who are members of Prospect, the trade union that represents specialist staff at Holyrood, such as researchers, clerks and official reporters, have agreed upon the deal.The pay deal will see employees at the maximum end of their pay scale ...
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Article70% believe pay transparency improves employee satisfaction
Almost three-quarters (70%) of employee respondents believe that salary transparency has a positive impact on employee satisfaction, according to research by Glassdoor.Its Global salary transparency survey, which surveyed 8,254 employees in Canada, Switzerland, Germany, France, the Netherlands, the UK, and US, also found that 69% of respondents would like to ...
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Article39% of female financial services staff believe they receive a fair salary
Less than one in four (39%) of female employee respondents in financial services believe that they receive a fair salary for the work they are doing, according to research by the Association of Accounting Technicians (AAT).Its survey of 1,001 male employees and 1,000 female employees working in finance roles or ...
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OpinionGwyneth Williams: The great gender divide
In February, the government published its draft gender pay gap regulations, expected to come into force in October 2016. The gender pay gap is hardly a new phenomenon (the Equal Pay Act was introduced over 45 years ago in 1970), nor has the subject been short of publicity in recent ...
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OpinionNeil Emery: EAT rules holiday pay calculations should include commission
In the case of Lock v British Gas Trading, the Employment Appeal Tribunal (EAT) has confirmed that an employee’s holiday pay should include an element in respect of commission.Lock was an energy trader for British Gas Trading, earning commission on the sales he generated, equating to around 60% of his ...
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ArticleWell Pharmacy increases pay for 4,500 employees
Pharmacy chain Well is increasing hourly pay rates by between 2% and 10% for 4,500 employees.The organisation, which employs around 7,000 members of staff, will implement the increases across seven roles in its pharmacy stores and driving teams.Healthcare assistants and pharmacy assistant trainees will see their pay rise by 8% ...
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ArticleRoyal Mail managers ballot on industrial action over pay
Royal Mail managers that are members of trade union Unite are taking part in a ballot to vote on industrial action over pay.Unite members will vote on whether industrial action should be taken, and whether or not that should include strike action.The ballot will close on 21 April. If industrial ...
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ArticleSpectromax becomes living wage employer
IT and software development firm Spectromax, which employs more than 400 staff, has been accredited as a living wage employer by the Living Wage Foundation.The organisation, which already pays its employees in excess of the statutory national living wage of £7.20 an hour, has committed to paying staff at least ...
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ArticleLiverpool John Moores University receives living wage accreditation
Liverpool John Moores University (LJMU) has been accredited as a living wage employer by the Living Wage Foundation.The university, which employs around 2,500 members of staff, has committed to paying permanent employees and third-party contractors at least the living wage rate of £8.25 an hour.The voluntary rate is calculated according ...
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ArticleUS women footballers file equal pay complaint
Five members of the US Women’s National Team have filed a wage discrimination complaint against the United States Soccer Federation.US Soccer Federation employees Carli Lloyd, Alex Morgan, Megan Rapinoe, Rebecca Sauerbrunn and Hope Solo have lodged the complaint with the Equal Employment Opportunity Commission.The players say that they have filed ...
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Article3,865 EU bank staff received remuneration of €1m or more in 2014
The number of employees in EU banks receiving annual remuneration of €1m or more increased to 3,865 in 2014, according to research by the European Banking Authority (EBA).Its Report on benchmarking of remuneration and high earners 2014 found that this was almost 22% higher than in 2013, when 3,178 employees ...
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OpinionLovewell's logic: Should we have a national living wage?
Earlier this week, I read several articles in the Financial Times about how the world will be watching the UK when the new national living wage of £7.20 an hour for workers over 25 comes into effect from today.These articles described how countries around the world, including Germany, Japan and ...
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Article64% of retailers to extend national living wage to under 25s
Almost two-thirds (64%) of retail chain respondents are set to implement the national living wage for all employees, regardless of age, according to research by Willis Towers Watson.Its survey of 24 UK retail chains with fewer than 5,000 employees to more than 100,000 staff, also found that 45% of respondents ...
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ArticleIkea to increase pay for 7,300 employees
Ikea UK is to increase the rates of pay for 7,300 employees through the introduction of the living wage and proportionate pay rises for team leaders.The retailer is to implement the Living Wage Foundation’s voluntary living wage rate of £8.25 an hour and £9.40 in London. The pay increase will ...
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ArticleCalifornia commits to $15 an hour minimum wage
The US state of California is to increase its minimum wage to $15 an hour by 2022.The minimum wage will rise from the current $10 an hour to $10.50 an hour in January 2017, and $11 an hour in January 2018. It will then rise by $1 a year until ...
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ArticleEDF Energy accredited as living wage employer
EDF Energy has been accredited as a living wage employer by the Living Wage Foundation.The organisation has been accredited for its commitment to paying all its staff at least the national living wage of £8.25 an hour.The living wage is a voluntary rate calculated according to the basic cost of ...
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ArticleT3N trials bitcoin salary and benefits offering
German technology publication T3N will enable employees to receive salary payments in digital currency bitcoin.Staff can opt to be paid a portion of their salary in the alternative currency. Because bitcoin is not considered legal tender in Germany, T3N employees can also choose to receive bitcoin as an additional tax-free ...
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ArticleAmerican Airlines reinstates profit-sharing programme
American Airlines is reinstating a profit-sharing programme that will put 5% of the organisation’s pre-tax income into a pool to be shared among its employees.The programme will be based on the airline’s 2016 annual earnings, and will be paid out early next year.The 5% rate is the same as that ...