All Pay strategy articles – Page 203
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AnalysisHow will the national living wage impact reward strategies?
Need to know:Businesses should analyse the cost implications for payroll and earnings-linked benefits.Salary sacrifice arrangements could result in non-compliance by bringing pay below the new £7.20 hourly rate.Investing in the workforce through employee benefits can drive productivity and thereby help mitigate higher wage costs over the long term.In his 2015 ...
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AnalysisInfographic: The use of salary sacrifice against the new national living wage
An infographic looking at how many organisations have considered the use of salary sacrifice against the new national living wage minimums (Source: Jelf Employee Benefits survey, conducted in November 2015).Read more about how the national living wage will impact reward strategies.
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Case StudiesStarbucks to extend national living wage rate to all staff and offer London premium
All employees working in Starbucks UK-owned stores are to be paid at least the national living wage rate of £7.20, including apprentices and those aged under 25. The coffee chain’s all-employee approach to the new rate of pay will benefit more than 4,500 staff members.From April 2016, baristas’ base pay ...
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Case StudiesDanwood introduces national living wage for all employees ahead of April deadline
Print and document solutions firm Danwood introduced the national living wage rate in January 2016, three months ahead of the statutory implementation date set by the government. Although the £7.20 hourly rate is only mandatory for those aged 25 and over, Danwood has established the national living wage as its ...
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OpinionConor D'Arcy: Consider the long-term consequences of approaches to the national living wage
Since its announcement last summer, the national living wage (NLW) has rarely been far from the headlines. Commentators have discussed its merits and demerits, but whatever your opinion, it is a big deal: the Resolution Foundation estimates that it will result in a pay rise for roughly 4.5m workers.But pay ...
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Article20% to maintain pay differentials impacted by national living wage
A fifth (20%) of respondents will maintain pay differentials between employees affected by the national living wage and their managers, according to research by the Chartered Institute of Personnel and Development (CIPD) and the Resolution Foundation.The Weighing up the wage floor: employer responses to the national living wage report, which ...
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ArticleSam Bowman: How should employers position high executive pay in the current financial climate?
According to the High Pay Centre, chief executives of large firms are overpaid. They are certainly paid a lot: the average FTSE 100 director is paid £2.4m annually, and the average chief executive officer (CEO) is paid £3.3m.But does this mean they are overpaid? No. Most people agree that it’s ...
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ArticleStefan Stern: How should employers position high executive pay in the current financial climate?
Not everyone works for a FTSE 100 company, of course, but the biggest bosses create the most influential benchmarks. So when Tuesday 5 January came along, and High Pay Centre data showed that by the end of the day the average FTSE 100 boss would have been paid what the ...
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ArticleAlex Bryson: How should employers position high executive pay in the current financial climate?
The current financial climate is characterised by great corporate uncertainty, best illustrated by high volatility in share prices, but also real wage stagnation for most and huge earnings inequality driven by those at the top. Against this backdrop the public may ask: shouldn’t firms be focusing on pay increases for ...
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ArticleBritish Gas case ruling confirms that commission must be included in holiday pay calculations
The Employment Appeal Tribunal (EAT) has determined that commission payments must be included in calculations for employees' annual leave and holiday pay.In the case of Lock vs British Gas Trading Limited and others, the EAT confirmed that the working time regulations can be interpreted in line with the working time ...
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ArticleMet Office staff to strike over pay
Met Office employees are to strike on 24 February in a dispute over pay.Managers and specialists at the Met Office who are members of trade union Prospect are taking the industrial action to call for the government to give the Met Office more freedom in how it rewards and remunerates ...
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ArticleConfessions of a benefits manager: Candid battles unrealistic reward expectations
What is it about the guys in sales that makes them think they can make up their own rules?Take Geoff, one of the Higher Beings in sales. He can never stick to the plan. None of his team will receive an average pay rise; he will always argue they are ...
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ArticleTotal pay increases by 1.9%
Total pay, including bonuses, for employees in Great Britain increased by 1.9% between October-December 2014 and October-December 2015, according to research by the Office for National Statistics (ONS).Its Labour market statistics, February 2016 report also found that pay excluding bonuses increased by 2% between October-December 2014 and October-December 2015.Average regular ...
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Article
Borough of Windsor and Maidenhead to pay staff above national living wage
The borough of Windsor and Maidenhead to pay all staff, regardless of age, above the national living wage of £7.20 an hour.From 1 April 2016, when the government is introducing its national living wage of £7.20 an hour for workers 25 and over, the borough of Windsor and Maidenhead will ...
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ArticleSouthwest Airlines to share $620 million with staff
Southwest Airlines is to give $620 million to its employees as part of its 2015 profit sharing plan.On 29 April 2016, eligible employees will receive the equivalent of eight weeks of pay or almost 16% of their eligible compensation.This is the highest total amount that the airline has ever allocated ...
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Article17% cite auto-enrolment as a limiting factor on wage growth
Around a fifth (17%) of respondents cite pensions auto-enrolment as a reason why they were unable to raise basic pay by 2% or more in 2015, according to research by the Chartered Institute of Personnel and Development (CIPD).Its quarterly Labour market outlook report, based on a survey of 1,007 HR ...
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ArticleGovernment announces draft regulations on gender pay reporting
The government has published its draft regulations on its compulsory gender pay gap reporting for organisations with 250 employees or more.Nicky Morgan, women and equalities minister, outlined the government’s plans to close the gender pay gap within a generation. The regulations include government plans to publish the pay gap by ...
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Article66% would not apply to work for an employer with a gender pay gap
Two-thirds (66%) of UK respondents are unlikely to apply to work for an organisation that they believe has a gender pay gap, according to research by recruitment firm Glassdoor.Its Global gender pay gap survey, which is made up of responses from 8,254 working adults across the UK, Canada, United States, ...
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ArticleIntel reveals 100% gender pay parity
Intel has achieved 100% gender pay parity throughout the United States.Its Annual report 2015: leading and learning- strong progress and more to do, published on 3 February 2016, revealed the results of the organisation's analysis of its compensation packages. This found that employees of both genders who have the same ...
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OpinionJuliette Graham: The implications of the Bank of England's proposal on bonus buy-outs
The Prudential Regulation Authority (PRA) last month published a controversial proposal on buy-out bonuses aimed at stopping employees at the largest banks from being able to wipe the slate clean when they move firm. The proposal requires new employers to reduce or clawback buy-out bonuses if the ex-employer decides that ...