All Pay strategy articles – Page 210
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ArticleNHS staff to receive 1% pay rise
Almost 1.1 million NHS employees will receive a pay increase of 1% for 2015-2016.The pay deal, which has been approved by the NHS Staff Council, will reward more than a million NHS staff earning up to £56,500 a year from April 2015Meanwhile. the lowest paid employees, including health care assistants, ...
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ArticleBA staff received 2.7% pay increase in 2014
British Airways non-management staff received an average 2.7% increase in pay during 2014.The details were outlined in its parent company International Airlines Group’s (IAG) 2014 annual report.The airline group, which is also the parent company to Iberia and Vueling, also highlighted a varied rise in salaries across IAG, ranging from ...
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ArticleJohn Lewis staff to share £156m bonus
Around 94,000 John Lewis Partnership employees are to share a bonus payout of £156.2 million.It is the second year in a row that staff at the retail giant, which is owned by employees of John Lewis and Waitrose, have seen the payout reduce.Employees will receive a bonus of 11% of ...
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ArticleCo-operative employees to vote on 8.5% pay rise proposal
More than 60,000 Co-operative employees will receive a 8.5% pay rise over the next two years if the proposal is voted in by members of the trade union, Union of Shop, Distributive and Allied Workers (USDAW), in April.The proposal, which was developed by the Co-operative Employers Association with USDAW, would ...
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ArticleFemale retirees in 2015 expect 25% less income than males
Women planning to retire this year expect to receive retirement incomes that are 25% lower than their male counterparts, according to research by Prudential.Its Class of 2015 study, which surveyed 7,687 UK adults aged 45 and over who have yet to retire, including 1,012 respondents who intended to retire in ...
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ArticleSantander to pay living wage
Santander UK has been accredited as a living wage employer.The bank has committed to pay all 20,000 staff working in its branches, offices and banking centres the national living wage of £7.85 an hour, and those working in London, the London living wage of £8.80.The living wage is an hourly ...
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Article?BBC staff paid £228 million to work unsociable hours
BBC employees were paid over £228 million to work unsociable and unpredictable hours in 2014.Documents released under the Freedom of Information Act show that thousands of BBC employees take home an average of almost £4,000 on top of their basic salaries as a reward for working irregular hours.Some 7,941 BBC ...
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ArticleMet Office staff strike over pay freeze
Met Office employees walked out for three hours yesterday (26 February) due to a dispute over pay. Around 300 weather service workers based at the organisation’s Exeter office, as well as staff based in Aberdeen, Edinburgh and other frontline stations participated in the strike action.All are members of trades union ...
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ArticleLow Pay Commission recommends 3% minimum wage increase
The Low Pay Comission (LPC) has recommended that the government increase the current adult national minimum wage by 3%, to £6.70.The current national minimum wage for employees of 21 years and over stands at £6.50 per hour. It will remain at this level until October 2015.Due to the rate of ...
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ArticleHSBC bonus pool fell to £2.38bn in 2014
HSBC’s bonus pool for staff across the organisation fell to £2.38 billion in 2014, down by £2.5 billion from 2013.However, the banking group’s Annual results 2014 also highlighted that its spend on employee compensation and benefits increased by 4% in 2014.Its report stated that because of further regulatory changes to ...
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Article£13,800 gender pay gap exists in public relations sector
A gender pay gap of more than £13,887 exists in the public relation (PR) sector, according to research by the Chartered Institute of Public Relations (CIPR).Its State of the profession 2015 report found this is an increase of 12% on the £12,390 gap identified in 2014.Of the average pay gap ...
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ArticleWages set to grow by 1.9% in 2015
Real pay is set to increase by 1.9% in 2015, with UK employees set to enjoy their first increase in wages since 2007, according to research by economic forecaster, EY Item Club. Its latest report on the labour market found that wage growth is expected to continue to accelerate, underpinned ...
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ArticleAnthea Cassano joins VMware
Cassano will be responsible for monitoring salaries and benefits, developing the employee benefits package and preparing and distributing information to staff.She has previously worked at market research firm TNS as compensation, benefits and human resources information systems (HRIS) manager, at Ceridian as compensation and benefits manager and at Vodafone as ...
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ArticleRoland Masterton moves to Mitsubishi UFJ Securities
In this role, he will specialise in the market analysis of employee benefits, salary and other forms of compensation.Prior to starting his new role, Masterton was group reward specialist at global reinsurance firm Aspen Re. He has also worked at the Body Shop, where he was international reward manager.
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ArticleDLA Piper appoints Jean Slater-Romp
Slater-Romp was previously at law firm Ashurst as senior HR manager, rewards and benefits, and senior manager of compensation and benefits.Slater-Romp previously worked at DLA Piper between 2012 and 2013 as an interim reward and global mobility manager.
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ArticleTotal pay rose 2.1% in final quarter of 2014
Total pay for UK employees increased by 2.1% (including bonuses) and by 1.7% (excluding bonuses) for the period October to December 2014, compared to the same period in 2013, according to research by the Office for National Statistics (ONS).Its UK Labour market survey also found this represented the highest annual ...
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ArticleEmployers will not incur penalties for late PAYE information
HM Revenue and Customs (HMRC) has announced employers will not incur penalties for delays of up to three days in filing pay-as-you-earn (PAYE) information.HMRC has advised that any employer that has received an in-year late filling penalty for the period 6 October 2014 to 5 January 2015 and was three ...
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ArticleYour Housing Group and Martin Arnold now living wage employers
Your Housing Group, Hegarty Solicitors and Martin Arnold Chartered Surveyors are among the latest employers to become accredited living wage employers. The accreditation is a formal agreement by the organisations to pay employees at least £7.85 an hour, or £9.15 in London, higher than the current minimum wage of £6.50 ...
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ArticleTwo-thirds of employees unaware what colleagues earn
Just 35% of UK staff know what their colleagues earn, but 42% feel comfortable enough to share details of their salaries, according to research by recruitment firm Glassdoor.Its survey of 1,068 UK adults also found that 60% think organisations should make such information more transparent, and 52% believe it would ...
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Article69% plan pay rise of 2% or more in 2015
More than two-thirds (69%) of private sector employers expect to increase their basic pay award by at least 2% in 2015, according to research from the Chartered Institute of Personnel and Development (CIPD).This comes as 39% of staff experienced a pay freeze in 2014, highlighting an increasing pay divide between ...