All Pay strategy articles – Page 44
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ArticleBank of Ireland enhances family-friendly policies
Bank of Ireland has implemented enhanced family friendly policies and support for its 9,000 employees, as of this week.The initiatives will be applicable to all workers based in Ireland, UK, the European Union (EU) and the US, in line with local legislation. They aim to help create a more supportive ...
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ArticleThe top 10 most-read articles between 10 - 16 February 2023
The top 10 most-read articles on www.employeebenefits.co.uk between 10 - 16 February 2023 were: Zurich UK implements support package for employeesNatwest acquires majority in Cushon Abellio gives London bus drivers 18% pay riseMedian base pay rise expected for 2023 reaches 5%Cisco, Salesforce and Xero named best UK workplaces for wellbeingAverage ...
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ArticleBarclays Bank UK reports 35.9% mean gender hourly pay gap
Financial institution Barclays Bank UK reported a mean gender hourly pay gap of 35.9% in 2022, down 0.4 percentage points from 2021.The firm's median gender hourly pay gap was 37.7%, up 0.5 percentage points from the prior year. The bank’s mean gender bonus gap for 2022 was 67.7%, falling from ...
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Case StudiesMitie focuses on front-line reward as cost-of-living crisis mounts
Strategic outsourcing and energy services business Mitie has tight margins, but still sees the importance of protecting and supporting front-line staff during difficult periods, meaning it has to focus on benefits that are affordable for the business, but make a real difference to employees.Jasmine Hudson, chief people officer at Mitie, ...
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AnalysisHow is the cost-of-living crisis affecting what employees want from their benefits packages?
The cost-of-living crisis has employees demanding pay rises in line with inflation, but many employers are unable to afford this long-term.Benefits that support financial wellbeing and education, including day-to-day budgeting and discounts, can help pay stretch further without raising pay.Employers should focus on practices that are sustainable and work for ...
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Article73% would leave role if they could not work from home
Nearly three-quarters (73%) of London office workers would leave their current job if the opportunity to work from home was taken away, according to research by Bloomberg Intelligence.The report was comprised of answers from 500 employees aged 18 to 65 working for businesses based in central London. It found that ...
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ArticleTango Networks to pay £71,000 in unfair dismissal and age discrimination case
Business communications organisation Tango Networks has been ordered to pay £71,441.36 to a former employee, following a case concerning unfair dismissal and alleged age discrimination.The case, Mr M Jones v Tango Networks UK Ltd and P Hesketh, concerned a claimant originally employed as a channel account director in 2019. This ...
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ArticleAverage pay growth high but failing to keep pace with inflation
Growth in total pay, including bonuses, was 5.9% in the final quarter of 2022, while pay growth excluding bonuses was 6.7%, according to the latest labour market data from the Office of National Statistics (ONS).For pay excluding bonuses, this was the highest growth rate seen outside of the Covid-19 pandemic.In ...
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ArticleAbellio gives London bus drivers 18% pay rise
Transportation business Abellio has given 1,800 bus drivers in London a pay uplift of 18%, putting an end to long-running industrial action.The drivers, who are members of trade union Unite, voted to accept a pay increase which will see those with two or more years of service become eligible for ...
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ArticleMedian base pay rise expected for 2023 reaches 5%
The median base pay rise expectation among UK employers for 2023 is 5%, according to research by the Chartered Institute of Personnel and Development (CIPD).The CIPD's quarterly 'Labour Market Outlook' reported that this was a record high since the survey began in 2012.In the public sector, the median base pay ...
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ArticleMP pay to rise by 2.9% in next financial year
The Independent Parliamentary Standards Authority (IPSA) has confirmed a 2.9% pay increase for Members of Parliament (MPs) for the 2023-24 financial year.IPSA sets these pay levels independent of Parliament and government. In 2015, it decided to adjust their pay at the same rate as changes in public sector earnings published ...
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ArticleHigher education staff across UK strike over pay offer
Higher education employees at institutions across the UK, including Glasgow, Edinburgh, Leeds and more, have commenced strike action over a pay offer.Administrators, cleaners, library, security and catering staff are among those taking industrial action, with many having also walked out last September, October and November.The dispute is over a pay ...
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ArticleEmployees up North will see pay stretch furthest on date night this Valentine's Day
Something for the weekend: For those looking to make their pay stretch further, or use their voluntary benefits to the best advantage this Valentine's Day, Kingston upon Hull has been revealed to be the most affordable UK city for a date night, according to research by Financial World.Dates in Kingston ...
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ArticleThe top 10 most-read articles between 3 - 9 February 2023
The top 10 most-read articles on www.employeebenefits.co.uk between 3 - 9 February 2023 were: Half of private sector pay awards will give at least 5% in 2023J Murphy and UK Power Networks named best UK big employers for Q1 2023EXCLUSIVE: 90% say flexible pay improves their financesRolls-Royce reports 1.6% mean ...
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ArticleDelta Airlines gives all staff 5% pay rise
American air travel organisation Delta Airlines has announced that it will give its ground and flight attendant employees a 5% pay increase as of 1 April.All 90,000 employees worldwide are included, apart from those covered by an industry or government requirement, or a collective bargaining agreement. This raise, which also ...
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OpinionMartin Williams: Making the sums add up for a four-day week
In a way, four-day working is already with us. Many people do not work what is currently regarded as the full, or standard, working week of five days, Monday to Friday.It is the form of the four-day week that is the cause of debate. Should it be the standard? Should ...
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ArticleEXCLUSIVE: 90% say flexible pay improves their finances
EXCLUSIVE: Nine in 10 (90%) employees reported that their financial situation is either stable or improved after switching to a flexible pay cycle, according to research from Wagestream.The financial wellbeing provider's whitepaper 'Unlocking the pay cycle' was authored by its head of impact and inclusion Emily Trant, with advisory input ...
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ArticleCrown Prosecution Service awards barristers 15% pay rise
Credit: TK Kurikawa / Shutterstock.comThe Crown Prosecution Service (CPS) has given prosecution barristers a 15% pay rise to counteract the shortfall in advocates willing to take instructions.The increase in fees was announced by Max Hill KC, CPS’ director of public prosecutions, at a Bar Council meeting. The move was made ...
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Case StudiesMexa Solutions goes beyond pay to support everyday financial wellbeing
IT recruitment consultancy Mexa Solutions, founded by brothers Simon and Bob Bath seven years ago, gave its team a 10% pay rise in October 2022 to mitigate the financial burdens they may be facing in the current uncertain times.The pay rise did not come with any stipulations about increased output ...
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AnalysisSupporting everyday financial wellbeing in a changing economic climate
Employers are experiencing increasing demand from employees for salary rises because of the pressures on everyday financial wellbeing, such as the ever-rising cost of living, inflation and interest rates.Employers can offer their workforce support on how to save by utilising their workplace benefits, including discount schemes and budgeting tools.Financial education ...