All Pay strategy articles – Page 212
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ArticleChelsea FC to pay living wage
Chelsea Football Club has become the first Premier League team to sign up to pay the living wage.Chelsea will pay all directly-employed members of staff the living wage, currently £9.15 in London or £7.85 elsewhere in the UK, who work at the club’s football ground Stamford Bridge, its training ground ...
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Article32% of employees dislike early December payday
Almost one third (32%) of the 37% staff who receive their December pay cheque early view it as negative rather than a perk, according to research from Thinkmoney and OnePoll.The study, which questioned a nationally representative sample of 2,000 adults between 21 November and 28 November 2014, also found that ...
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ArticleSSE extends living wage commitment
SSE’s network business, SHE Transmission, has extended the organisation’s living wage contract to cover employees and contractors at engineering organisation ABB.Around 600 staff and contractors will be paid at least the living wage of £7.65 per hour and £7.85 from April 2015.This living wage contract, which is worth £460 million, ...
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ArticlePart-time female staff salaries rising faster than full-time males'
Salaries for women that work part time haven risen faster over the past 10 years than those of men that work full time, according to research by Timewise.Its analysis of Office for National Statistics’ salary data found that over 10 years part-time pay for women has risen by 38% over ...
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ArticleJaguar Land Rover strikes pay deal with staff
More than 15,000 Jaguar Land Rover employees will benefit from better pay and conditions after a deal was struck between the car manufacturer and trade union Unite. The organisation has increased its original offer of a 3% pay rise to a 4.5% pay rise plus a bonus worth £825 per ...
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ArticleEmployers should act now to manage holiday pay
The EAT ruled that overtime pay must be included in holiday pay calculations, a decision that sent shockwaves through employers, with many fearing the potential cost. The judgments were made in Bear Scotland v Fulton, which focused on whether overtime pay or shift allowances should be included in holiday pay ...
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ArticleFirefighters stage further strike over pensions proposals
Firefighters in England are taking further industrial action over pensions today (9 December) following the government’s decision to commence the Parliamentary procedure to implement regulations for a revised pension scheme. The 24-hour walkout began at 9am this morning.After nearly three years of negotiations, firefighters in England are being offered a ...
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ArticleLloyds Banking Group staff to receive back pay
More than 10,000 former and current Lloyds Banking Group employees are to receive hundreds of pounds in back pay after the bank denied employees a pay rise.Employees are being awarded the payments after a long-running dispute over contracts that staff were asked to sign following the merger of Lloyds TSB ...
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ArticleECJ rejects UK challenge to bankers' bonus cap
The European Court of Justice (ECJ) has rejected the UK’s challenge to EU legislation that caps the level of bankers’ bonuses.The cap restricts bonuses to 100% of banker’s pay or 200% with shareholder approval.The UK government had challenged the legislation, asking the ECJ to consider six arguments against both the ...
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ArticleSoil Association and Brook named living wage employers
The Soil Association and Brook have been accredited as living wage employers by the Living Wage Foundation as part of Living Wage Week.The living wage commitment will mean all employees in the two organisations will receive a minimum hourly wage of £7.85. This is higher than the national minimum wage ...
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Article71% of City workers expect a bonus this year
Almost three-quarters (71%) of City workers expect to receive a bonus this year, compared to 61% last year, according tp research by eFinancialCareers.Its Bonus expectations survey, which polled 587 professionals working in banking and finance in the UK, 978 in the U.S. and 696 in Singapore, also found that more ...
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ArticleAsos plans to change management incentive plan
Asos is planning to change the way it rewards top employees through its management incentive plan. The online fashion retailer’s current scheme, which awards bonuses to management based on its share price, is due to run until 2016.However, its share price has fallen by 63% over the last year making ...
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Article24% of employees are on low pay
There has been an increase in the number of people in low pay between the 1990s and 2010s, according to research by the Chartered Institute of Professional Development (CIPD).Its Pay progression: understanding the barriers for the lowest paid report, which categorises low pay as those paid below 20% above the ...
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ArticleFTSE 350 CEOs receive 12% rise in remuneration
FTSE 350 chief executive officers (CEOs) received a 12% increase in their remuneration last year due to the improving financial performance of FTSE 350 companies, according to research by EY.Its Future horizons report also found that chief financial officers received a 9% rise in their remuneration.The increases for both groups ...
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Article31% of UK employers give bonuses to lowest-performing staff
Approximately a third (31%) of UK employers give bonuses to employees with the lowest performance rating, according to research by Towers Watson. The 2014 Towers Watson Global workforce study, which surveyed 32,000 employees including 1,863 in the UK, found that employers are spreading the pay pot more thinly and evenly ...
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ArticleBazaarvoice extends global bonus plan
Bazaarvoice has extended its incentive programme to pay its entire workforce incentive compensation plans in multiple currencies.The consumer ratings and reviews network organisation launched the programme, provided by Xactly, when its manual compensation practices were not deemed to be at an acceptable level in terms of auditability and accuracy. Incentive ...
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ArticleAuto-enrolment hits pay rises
Although the economy continues to improve, pay increases look likely to remain low. In many organisations, funds that may previously have been earmarked for pay rises are being swallowed up to fund pension contributions post-auto-enrolment.Roger Sanders, managing director of Lighthouse Group Employee Benefits, said: “Money going into auto-enrolment, either 1% ...
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ArticlePoor employee performance behind non bonus payment
EXCLUSIVE: Nearly three-quarters (74%) of respondents did not offer any bonus payments as a result of poor individual perfomance in 2014, according to research by Aon Hewitt.Its European bonus and sales compensation survey 2014, which surveyed more than 110 organisations across 15 countries and outlines employers’ approaches to pay, found ...
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ArticlePWC partners receive largest pay rise since 2010
PricewaterhouseCooper’s (PWC) 854 partners have received their biggest salary increase since 2010.Partners at the professional services firm each received, on average, £722,000 in 2013/14, an increase in salary of £11,000 from 2012/13.The increase in pay has been attributed to the organisation’s performance, with the organisation reporting increased total profits for ...
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ArticleHMRC delays RTI penalties for small employers
HM Revenue and Customs (HMRC) has further delayed the date penalties will be given to small employers with automated pay-as-you-earn (PAYE) real-time information (RTI). Organisations with less than 50 employees will be exempt from RTI late filing penalties until March 2015.The date was initially set for April 2014, but was ...