All Pay strategy articles – Page 223
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Article
Bonus expectations down in financial services
More than half (60%) of respondents said they expect to receive a bonus in 2012/13, down from 67% in 2011, according to research by Morgan McKinley.Its Bonus expectations survey, which was carried out in November 2012 among financial services professionals, found that respondents who do not expect a bonus believed ...
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Article
National public sector pay to remain
Autumn Statement 2012: The government has accepted the recommendations of local pay bodies in the public sector that there should be no centrally determined local pay rates or zones.The Prison Service Pay Review Body and NHS Pay Review Body instead recommended making greater use of existing flexibilities when setting pay.In ...
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Article
Schools to link pay to performance
Autumn Statement 2012: The government is to consult on proposals for schools to have the freedom to set pay in line with performance.This will be based on recommendations made in a report by the School Teachers’ Review Body. These are intended to create a pay framework that seeks to raise ...
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Article
RTI pilot expands
The real-time information (RTI) pilot is to expand between 6 November 2012 and 31 March 2013 with the addition of 250,000 employers.The pilot was launched in April 2012 with 10 employers reporting pay-as-you-earn (PAYE) information in real time to HM Revenue and Customs (HMRC).Ruth Owen, director general, personal tax at ...
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Article
Barclays rewards on satisfaction
Barclays’ frontline staff will receive bonuses for customer service rather than for the sale of products.The new bonus structure will effect more than 20,000 employees in the bank’s UK retail and business banking division.The incentives will be based on how satisfied customers are with the service they are provided and ...
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Article
Employers need to consider EBT settlement
Organisations running employee benefit trusts (EBTs) should consider whether the HM Revenue and Customs’ (HMRC) settlement opportunity is appropriate for their situation, advises KPMG.The settlement opportunity allows for employers to pay the tax authority’s assessment of outstanding tax liabilities without the need for litigation.Jayne Vaughan, tax partner at KPMG UK, ...
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Article
Employers to receive letters about RTI
UK employers are set to receive a letter from the tax authorities in October, outlining the key changes that will come in with real-time information (RTI) reporting.Between April 2013 and October 2013, all employers will start reporting payroll information to HM Revenue and Customs (HMRC) in real time (on or ...
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Article
MOD staff share £30m bonus pot
Ministry of Defence (MOD) employees will receive bonuses worth a total of £30 million for the year 2011-12, down from £43 million for the previous year.The performance-related bonus, which was introduced by the former Labour government, will be paid out to 96% of employees.The average bonus for junior staff stands ...
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Article
Barclays to link bonuses to new business strategy
Barclays Group is to adapt its bonus and compensation structure to link it to its new business strategy.In a memo to the bank’s 140,000 staff, Barclay Group’s new chief executive Anthony Jenkins, said: “How we do business, our impact as a company, and adherence to our values, will be considered ...
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Article
CIPP launches online payslip tool for National Payroll Week 2012
EXCLUSIVE: The Chartered Institute of Payroll Professionals (CIPP) has launched a new online payslip tool to help employees understand their pay statement.The tool has been introduced to mark National Payroll Week 2012, which takes place between 3-7 September.Lindsay Melvin, chief executive at the CIPP, said: “Based on our research, we ...
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Article
Compupaye Bureau promotes RTI with staff bonus
EXCLUSIVE: Compupaye Bureau is offering staff a bonus for the successful completion of a real-time information (RTI) quiz during National Payroll Week, from 3-7 September.The quiz is designed to get the payroll services firm’s staff up to speed on RTI reporting, which will be mandatory for UK employers from April ...
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Article
Lebara redesigns global bonuses
Employee Benefits Live: Lebara Mobile has redesigned its global bonus scheme after conducting a review.Speaking at Employee Benefits Live, Gemma Bullivant, head of HR at Lebara Mobile, said the telecommunications firm launched the review to ensure its bonus scheme was working well in all countries.The telecommunications firm, which is based ...
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Opinion
Ben Wells: Will higher student debt affect employers' reward strategies?
The Browne Review essentially suggests an increasingly commercial approach to higher education. With new levels and horizons of student debt, the value of higher education has gone up and is now a significant investment choice for young people and their parents.Is university the right investment? If it is, what return ...
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Opinion
Michael Rendell: Will higher student debt affect employers' reward strategies?
Increased student debt is likely to have an influence on graduates’ degree and career choices, and employers need to respond accordingly. Pay levels and potential career progression are likely to become an even greater priority for students. Raising salaries may not be an option for many employers, but they can ...
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Opinion
Carl Gilleard: Will higher student debt affect employers’ reward strategies?
Past experience does not suggest employers will take increasing levels of graduate debt into account when determining reward strategies. From 2006, when tuition fees were first introduced, starting salaries have barely risen (2% in 2006 and 2.4% in 2007) and in the past couple of years they have not increased ...
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Opinion
Hazel James: Will this month's Equality Act make a difference to equal pay?
I would love to think that publishing pay details will have a positive impact on the gender pay gap, but I am afraid that as the Equality Act stands, the effect will probably be limited.Gathering, analysing and benchmarking information on pay is always a valid and valuable task, and something ...
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Opinion
Stuart Hyland: Will this month's Equality Act make a difference to equal pay?
You have to applaud the intent behind the incoming legislation, but I am less excited by the potential impact that I expect it to have, although I would love to be proved wrong.The requirement to disclose details of pay differences between men and women will be voluntary, although it could ...
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Opinion
Sheila Wild: Will this month's Equality Act make a difference to equal pay?
This year marks the 40th anniversary of the Equal Pay Act. While the film Made in Dagenham highlights the heroic struggle of the Ford sewing machinists to be paid the same as their male colleagues, many people will wonder why - nearly four decades later - the full-time pay gap ...