All Pay strategy articles – Page 203
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ArticleBBC charter requires disclosure of pay above £150,000
The BBC will have to publish the details of all employees who earn more than £150,000 a year in reforms laid out in the draft BBC royal charter and updated framework agreement.The charter, which aims to ensure that the BBC is as open and transparent as possible, will require the ...
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ArticleBonus payments reach £44.3bn
The combined value of bonus payments made in Great Britain in the financial year ending March 2016 reached £44.3 billion, 4.4% higher than the previous year, according to research by the Office for National Statistics (ONS).Its Average weekly earnings, bonus payments in Great Britain: financial year ending 2016 report, also ...
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OpinionLovewell's logic: People strategies in a gig economy
What does the gig economy mean for your business?Does this freer, more fluid way of working mean your business can source the manpower it needs in a cost-effective way, enabling you to scale your workforce according to business demands? Or is it a way of avoiding some of the cost ...
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Article62% feel unjustified bonuses cause resentment among staff
Almost two thirds (62%) of UK finance professional respondents feel that unjustified bonuses cause resentment among colleagues, according to research by the Chartered Institute of Management Accountants (CIMA).The research, which surveyed 6,500 finance professionals globally, also found that 35% of UK respondents feel that bonuses for top earners are undeserved.The ...
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ArticleBank of England reports 18.7% gender pay gap
The Bank of England has reported a gender pay gap of 18.7%.Its figures on mean and median salaries by gender, which compared data from March 2015 to March 2016, found that the mean gender pay gap decreased from 19.7% in 2015 to 18.7% in March this year, with the equivalent ...
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ArticleMinister invites HMRC to consider investigation into pay practices at Hermes
Courier organisation Hermes may be the subject of an investigation by HM Revenue and Customs (HMRC) following allegations around its employment practices, including pay for couriers.Margot James, parliamentary under secretary at the Department for Business, Energy and Industrial Strategy, has invited HMRC to consider investigating working practices at Hermes.The invitation ...
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OpinionLovewell's logic: Are pay increases discriminatory?
When did you last ask for a pay increase? Is this something you do regularly, or like so many of us, would you only consider doing so when changing roles? Are you even comfortable doing so at all? And if you have requested a pay rise, how successful were you?If ...
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ArticleEAT rules that pay protection can be a reasonable adjustment for disabled staff
The Employment Appeal Tribunal (EAT) has ruled that pay protection can be included as a reasonable adjustment for disabled employees.In the case of G4S Cash Solutions UK v Powell, Powell worked as an engineer for the integrated cash management organisation, maintaining ATM machines across central London until a lower back ...
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ArticleMarks and Spencer enhances pay and pensions deal
Retailer Marks and Spencer has enhanced the pay deal offered to staff, including the extension of top up payments and pension cash supplements for affected employees.The agreed offer follows the completion of a three-month consultation on pay and pensions with the organisation's national employee representative group, the Business Involvement Group.The ...
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ArticleMarks and Spencer lobbied by MPs over planned pay changes
Marks and Spencer (M&S) will today (Thursday 1 September) be lobbied by members of Parliament (MPs), campaigners and activists against proposed changes to pay.Its proposed changes include removing premiums for working Sundays and anti-social hours, and reducing bank holiday payments. Under the proposed plans, bank holiday payments will be at ...
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ArticleUberEats drivers protest over pay
UberEats drivers are protesting today (Friday 26 August 2016) in a bid to be paid the London living wage rather than per delivery.Currently, drivers earn £3.30 per delivery during off-peak times, plus a mileage payment covering the distance between the restaurant where food is collected and the drop location. During ...
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OpinionLovewell's logic: Should bonuses be scrapped?
Are bonuses an effective tool to drive employee performance? Or are they too often perceived as an entitlement rather than a reward for performance?Earlier this week, Woodford Investment Management hit the headlines when it was revealed that founder Neil Woodford axed bonuses in favour of paying a flat basic salary ...
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ArticleGovernment consults on gender pay gap reporting in the public sector
The government has launched a consultation to public sector organisations on gender pay gap reporting in the public sector.The consultation, which began on 18 August 2016 and will close on 30 September 2016, sets out how the government intends to bring in the reporting requirements for public sector organisations; how ...
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Article59% of employees at small law firms receive a pay rise
Over half (59%) of legal accountancy respondents who work at a small law firm have received a pay rise compared to 78% of respondents who are based in a medium to large law firm, according to research by The Institute of Legal Finance and Management (ILFM) and Balance Recruitment.The Institute ...
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ArticleHermit Woods Winery introduces $15 an hour living wage
US-based Hermit Woods Winery has introduced a $15 an hour living wage, which will be funded via 3.5% surcharge on its products.The surcharge, which came into effect on 19 August 2016, will provide the organisation with additional income to increase staff wages from $12 (£9.17) an hour to $15 (£11.46) ...
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ArticleHelistrat gains living wage accreditation
Waste management organisation Helistrat has been accredited as a living wage employer by the Living Wage foundation.The Portsmouth-based organisation, which employs 55 members of staff, has committed to paying all employees at least the voluntary living wage rate of £8.25 an hour.The living wage is calculated according to the cost ...
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ArticleCalvin Harris tops charts for highest earnings
Something for the weekend: Calvin Harris is the highest-paid DJ in the world, raking in $63 million (approximately £47.9m) over the last year, according to research by Forbes.Its Electronic cash kings 2016 list, which looks at the pre-tax earnings of DJs between June 2015 and June 2016, found that the ...
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ArticleTotal pay increases by 2.4%
Total pay, including bonuses, increased by 2.4% in Great Britain between April-June 2015 and April-June 2016, according to the Office for National Statistics (ONS).Its UK labour market: August 2016 report also found that for June 2016, average regular pay, excluding bonuses, was £472 a week before tax and pay deductions. ...
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ArticleGlobal account managers are paid highest annual bonuses
Global account managers receive the highest annual bonuses in the UK, taking home up to £37,000, according to research by Glassdoor.Its UK jobs paying the highest bonuses report, which is based on the median bonus amount and the median total compensation for jobs shared anonymously on Glassdoor, also found that ...
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ArticleSports Direct workers to receive £1m in back pay
Workers at Sports Direct's Shirebrook-based warehouse are to receive back pay amounting to an estimated £1 million to compensate for not being paid the national minimum wage.The payments will be back dated to May 2012. The back pay will cover the additional time taken for unpaid staff searches at the ...