All Pay strategy articles – Page 210
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Article61% of financial services employers increase pay by more than 5%
Around two-thirds (61%) of employer respondents increased employees' fixed pay by more than 5% in 2015, according to research by Mercer.Its 11th annual Global financial services executive compensation snapshot survey, which is based on the pay practices of 71 global financial services firms, also found that 58% of respondents reduced ...
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ArticleJust 10% of marketeers believe remuneration is fair
Just one in 10 (10%) of marketeer respondents believe that the financial remuneration they receive from their employer is fair, according to research by Marketing Week in collaboration with Econsultancy, Design Week and Creative Review.The Marketing Week career and salary survey 2016, which is based on 8,566 responses from professionals ...
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ArticleViewbank Dairy breaches holiday pay requirements
New Zealand's Employment Relations Authority (ERA) has ordered Viewbank Dairy to pay a $7,500 penalty and to rectify employment law breaches discovered by the Ministry of Business Innovation and Employment’s Labour Inspectorate.The Labour Inspectorate visited Viewbank Dairy as part of an audit to check for compliance with minimum employment standards ...
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ArticleAndrew Page to pay all staff the national living wage
Andrew Page is to pay all of its 2,600 employees at least the national living wage rate of £7.20 an hour.The distributor of vehicle components and workshop equipment will pay all its staff over 18 the new rate, which comes into force in April 2016.The national living wage, announced by ...
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ArticleHalfords cuts bonuses by £2 million
Halfords is to cut bonus payments for some employees by a total of £2 million after the organisation failed to hit sales targets.Although total sales rose by 0.4% in the 15 weeks to 15 January 2016, the sales of car kit, such as de-icer, ice scrapers and batteries, decreased following ...
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Article64% of City workers expect a bonus this year
Almost two-thirds (64%) of City worker respondents expect to receive a bonus from their employer this year, according to research by recruitment firm Astbury Marsden.Its survey of 1,063 City workers also found that over a third (35%) of respondents expect bonuses to be higher than last year, and just 13% ...
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Article9% have reviewed salary sacrifice against national living wage compliance
Less than one in 10 (9%) of employer respondents have reviewed their use of salary sacrifice against the new national living wage requirements, according to research by Jelf Employee Benefits.Its survey of 180 employers also found that 39% of respondents are unaware that salary sacrifice arrangements could result in employers ...
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Article70% of retailers undecided about approach to national living wage
Almost three-quarters (70%) of retail chain respondents are undecided about their approach to implementing the national living wage, according to research by Willis Towers Watson.Its survey of 28 retail chains with between 5,000 staff or fewer and more than 100,000 employees, also found that 85% of respondents will wait until ...
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ArticleRio Tinto freezes staff pay
Anglo-Australian metals and mining firm Rio Tinto is freezing staff pay across the business.The freeze forms part of the organisation's bid to control costs in the face of challenging conditions for the mining sector.There will be no salary increase this year for any members of staff, including Rio Tinto’s chief ...
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ArticleUK middle manager pay is fourth highest in Europe
The average base salary for middle managers in the UK was £68,415 a year in 2015, the fourth highest in Europe, according to research by Willis Towers Watson.Its Global 50 remuneration planning report, based on responses from 600 employers, also found that the base salary for entry level professionals in ...
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ArticleBank of England proposes changes to bonus buy-out rules
The Bank of England has laid out proposals that would enable bankers’ bonuses to be revoked after they have moved employer.At present, employers can compensate a new employee for remuneration they would have received from their previous employer in a practice known as buy-outs. When a new employer buys out ...
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ArticleJust 32% of female staff believe they are paid the same as male counterparts
Less than a third (32%) of female employee respondents believe they are paid the same as their male counterparts for equal work, according to research by law firm Simpson Millar.Its research, which surveyed 1,000 employees, also found that a third (33%) of respondents are prepared to launch equal pay claims ...
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ArticleUBM receives living wage accreditation
UBM, which employs more than 750 staff in the UK, has been accredited as a living wage employer by the Living Wage Foundation.All those working at UBM's UK premises, including permanent employees and third-party contractors and suppliers, will receive a minimum hourly wage of £8.25, and £9.15 in London.The living ...
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ArticleSheetz to invest $15m to increase employees' pay
US convenience store chain Sheetz is to invest more than $15 million this year to increase its employees’ pay.The organisation is making the investment in staff wages as part of its commitment to establish Sheetz as a great place to work and to offer a competitive compensation package for its ...
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Article50% of Europe's top-paid CEOs are in the UK
Half (50%) of Europe’s top 10 highest paid chief executive officers (CEOs) are based in the UK, according to research by the Executive Remuneration Centre at the Vlerick Business School.The study is based on the remuneration packages of the UK’s FTSE 100 and all listed organisations in Germany, France, Belgium ...
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ArticleUS court rules on back pay case for unpaid breaks
A US Court has ruled that publishing firm American Future Systems, which operates as Progressive Business Publications, is liable to pay staff back wages for unpaid rest breaks.The employees, who worked in telemarketing roles, claim that their pay was docked for virtually all time not spent making sales calls, which ...
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ArticleLeeds and Sheffield experience biggest UK pay growth
Leeds, Sheffield and Bristol experienced the largest salary growth among UK cities in 2015 compared to 2014, according to research by job vacancy website CV Library.Its study, which is based on salary data for job advertisements on its website, found that the average annual salary rose by 5% in Leeds ...
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ArticleNational Express gains living wage accreditation
National Express has been accredited as a living wage employer by the Living Wage Foundation.The Birmingham-based organisation has committed to pay all UK employees the living wage rate of £8.25 an hour, ensuring the same wage rate for all agency and contracted staff.The move will benefit around 350 employees.The living ...
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ArticleThe benefits of lego building, beer smelling and train pushing
Something for the weekend… From becoming a master lego builder to taking on the role of beer smeller, there are numerous unusual vacancies emerging onto the 2016 job market.Jobs such as the aforementioned could also mean a hefty pay rise for some employees, with roles such as a placenta chef ...
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ArticleNew York City mayor sets $15 minimum wage for government staff
The minimum wage for New York City government employees and those who provide contracted work for the city at social service organisations is to rise to $15 an hour by the end of 2018.Bill de Blasio, New York City mayor, has announced that the higher rate will benefit around 50,000 ...