All Pay strategy articles – Page 209
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ArticleScottish government pledges to improve productivity through living wage
The Scottish government has launched a voluntary code of conduct aimed at encouraging employers to improve employee productivity and diversity through measures such as paying the national living wage.Its Scottish Business Pledge, which comprises nine components and will be launched today (26 May) is aimed at encouraging employers to commit ...
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ArticleMercer acquires executive reward firm Kepler Associates
Mercer has acquired UK-based executive remuneration specialist organisation, Kepler Associates. Kepler, which has more than 20 employees, advises around 16% of FTSE 350 remuneration committees, as well as a growing number of firms overseas.The acquisition is aimed at strengthening Mercer’s capabilities in executive reward.Kepler’s founder, Gordon Clark will become UK ...
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ArticleTesco introduces bonus clawback measures
Tesco has introduced new measures to allow it to claw back annual bonuses and performance share plan awards.The provisions, announced in the retailer’s Annual reports and financial statements 2015, will allow Tesco to do so in the event that its financial results are mis-stated or the participant has contributed to ...
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ArticleNational Rail strike suspended following new pay offer
The National Rail strike planned to begin on Monday 25 May has been suspended after employees accepted a revised pay offer.Staff were originally offered a £500 lump sum and three years of pay rises in line with inflation. This has now been revised.Union bosses had also raised concerns that railway ...
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ArticleCrown Estate becomes first property firm to be living wage accredited
The Crown Estate, which runs property and land owned by the Queen, is the first national property business to make a commitment to pay all its staff the living wage.All its employees, regardless of whether they are permanent employees or contractors, receive a minimum hourly wage of £9.15 per hour ...
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Article
Next ends Sunday bonus payment
Next is removing the premium payment scheme for its employees who work on Sundays.The fashion and homeware retailer, which employs 52,000 workers, paid staff who joined the organisation before November 2001 1.5 times their regular hourly rate for working on a Sunday, while staff who joined between November 2001 and ...
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ArticleNetwork Rail staff reject pay deal
Network Rail employees have rejected a four-year pay deal and voted for strike action over the proposals. The rail operator had proposed to make a one-off lump sum payment of £500 this year. Salaries would then rise each year from 2016 to 2019 in line with the retail prices index ...
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ArticleBasic pay expected to grow 1.8% in coming year
Basic pay is expected to grow by 1.8% in the coming year, down from 2% in the previous quarter, according to research by the Chartered Institute of Personnel and Development (CIPD).Its Labour market outlook: Spring 2015 report, which surveyed 1,000 UK employers, also found that the modest fall in pay ...
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ArticleCo-Operative employees to receive 8.5% pay rise
More than 60,000 Co-Operative employees will see rates of pay increase by at least 8.5% over the next two years after a pay settlement was agreed.The 8.5% increase to the minimum basic pay rates applies to food store shop assistants and their supervisors. Other employees will be covered by separate ...
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ArticleLiving wage gains momentum
And on 26 March 2015, all Premier League football clubs agreed to commit to paying their full-time staff the living wage by the start of the 2016–17 season.At present, only Chelsea Football Club is an accredited living wage employer.Currently, the UK living wage is set at £7.85 an hour, while ...
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Article87% of staff say employers should pay living wage if affordable
Some 87% of respondents believe that organisations which can afford to pay the national living wage should do so, according to research by Nationwide Building Society.The living wage, which is currently set at £7.85, or £9.15 in London, is higher than the current national minimum wage of £6.50 per hour ...
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ArticleMcDonald's improves employee benefits in the US
McDonald’s USA is enhancing its benefits offering for more than 90,000 employees at its company-owned restaurants.It will include a wage increase and paid time-off for all employees of up to five days.The global restaurant chain will also provide eligible employees at both its company-owned and franchise restaurants with free high ...
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ArticleUK salaries set to increase 3% in 2015
Pay for UK employees is set to increase by 3% for 2015, according to research by Aon Hewitt.Its Global salary increase survey surveyed 560 organisations, representing 5,390 employers in 121 countries, This included 215 UK organisations.The 3% projection is consistent with findings from the last three years, in which salary ...
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Article
HSBC and Dumfries and Galloway Council awarded payroll accreditation
HSBC has been accredited with the Payroll Quality Partnership (PQP) accreditation from the Chartered Institute of Payroll Professionals (CIPP).Dumfries and Galloway Council has also been awarded the accreditation.In addition, the John Lewis Paternship, North Bristol NHS Trust, Shropshire Council, and Armstrong Watson have been re-accredited.A total of 50 organisations have ...
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ArticlePizza Hut and Foot Locker fail to pay minimum wage
Pizza Hut, French Connection, Condé Nast, Foot Locker and Champneys Springs are among 48 employers that have been named by business minister Jo Swinson for failing to pay the national minimum wage to some employees.Between them, the 48 employers owe their workers more than £162,000 in arrears.Foot Locker failed to ...
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ArticleBarking and Dagenham Council staff strike on pay
Barking and Dagenham Council’s bin lorry drivers are on on strike over propsed cuts to their overtime, which according to trade union, GMB, would equate to an annual pay cut worth £1,000. Members of the GMB trade union have been on strike since Wednesday 18 March over the proposed changes ...
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ArticleTotal pay rose 1.8% in year to January 2015
Total pay, including bonuses for employees in the UK increased by 1.8% between the three months ending January 2014 and the three months ending January 2015, according to research by the Office for National Statistics (ONS).This is lower than the growth rate of 2.1% between October to December 2013 and ...
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ArticleZara parent firm launches profit share scheme
More than 70,000 employees at Inditex, the retail group that owns brands including Zara (pictured), Pull and Bear and Massimo Dutti, while share a bonus payout of the organisation’s year-on-year profit under a new profit share scheme. The fashion retailer’s profit share scheme will award a 10% share of growth ...
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ArticleVoluntary payrolling of benefits to be simplified
Budget 2015: The government is to introduce a statutory framework for voluntary payrolling and exempt certain reimbursed workplace expenses.In the Budget 2015, Chancellor George Osborne announced that from April 2016, the government will also remove the £8,500 threshold below which workers do not pay income tax on certain employee benefits ...
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ArticleUK pay gap between managers and staff is double European average
The pay gap between lower level employees and their senor manager counterparts in the UK has increased by 5.3% since 2008, while Europe has seen the smallest pay gap increase of 2.2%, according to research by Hay Group.Its study, which surveyed more than 16 million job holders in 24,000 organisations ...