All Pay strategy articles – Page 209
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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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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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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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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 ...
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ArticleEnglish National Opera chorus to vote on strike action over pay
Members of the chorus at the English National Opera (Eno) are to take part in a ballot on industrial action over pay.The vote on strike action, to be held by Equity, the trade union for professional performers and creative practitioners, is in response to proposed pay cuts of 25% for ...
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ArticleB&Q to increase pay for 90% of shop floor staff
DIY store chain B&Q is to raise the hourly pay of 90% of its shop floor workers to at least £7.66 an hour from 1 April 2016.Shop floor employees currently receive a minimum of £6.70 an hour.The new pay rate is higher than the statutory national living wage rate of ...
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ArticleWest Yorkshire Fire and Rescue Service gains living wage accreditation
The West Yorkshire Fire and Rescue Service 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 ...
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ArticleTesco to increase staff pay by up to 3%
Tesco is to increase the pay of its UK store-based staff by up to 3% as part of a two-year pay deal.The retailer will pay its established store workers a base pay rate of up to £7.62 an hour from 3 July 2016.The increase from the current hourly rate of ...
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ArticleBoots UK increases base pay for hourly paid staff
Pharmacy retailer Boots UK is increasing the starting rate of pay for customer assistant staff outside of London by 7%, and that of customer assistants in London by 3%.Customer assistants based in London currently receive a base rate of £8.77, which will increase to £9.07 in April 2016, and those ...