All Pay strategy articles – Page 57
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ArticleTwo-fifths of employers have introduced cost-of-living support for staff
Two-thirds (66%) of senior business leaders agree that employers have a substantial role to play in supporting staff through the rising cost of living, and 40% have introduced support measures since the start of 2022, according to research by the Work Foundation at Lancaster University.The briefing Shifting sands: Employer responsibility ...
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ArticleCadent reports 3.15% mean ethnicity pay gap
UK gas network Cadent has reported a mean ethnicity pay gap of 3.15% for 2022, down from 4.47% in 2021. This was the first year the business reported its ethnicity gap data publicly.The employer, which has more than 6,000 members of staff, saw its median ethnicity pay gap narrow from ...
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ArticlePret A Manger gives staff third pay rise in 12 months
Food and beverage business Pret A Manger has announced that its 7,870 UK shop employees will receive a pay rise in April, to support them with the rising cost of living. This will be the third pay increase employees have received in 12 months.From 1 April, team members, baristas and ...
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AnalysisWhat role do share schemes play in the current economic climate?
While share schemes may not solve immediate financial worries, they can help boost long-term financial stability.Aligning staff with shareholders can improve motivation and engagement, reducing absence and turnover at a time when talent is at a premium.Proper communication of both the negatives and positives will help ensure staff get the ...
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ArticleMarks and Spencer invests £57m in retail pay rise
Credit: patat / Shutterstock.comRetailer Marks and Spencer will give its retail employees a pay rise as of 1 April as part of a £57 million investment.More than 40,000 customer assistants will see their hourly rate increase from £10.20 to £10.90, while London-based staff pay will also increase from £11.25 to ...
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OpinionHelen Burgess: Long-term hybrid working plans key for many employers
Prior to the Covid-19 pandemic, it was commonplace for most employees to spend their full working week in the office, but it would seem now that hybrid working is here to stay. While up until recently many businesses have been flexible with their policies around hybrid working, more are now ...
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ArticleB and Q and Screwfix give retail staff pay rise
Home improvement retailers B and Q and Screwfix, both owned by Kingfisher, have announced that shop floor workers will receive a pay rise to £10.60 from 1 April, an 8.2% and 9.3% increase, respectively.A higher rate of up to £11.85 per hour will be paid in some UK B and ...
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Supplier articleTHE SHARED BENEFITS OF A SALARY DEDUCT SCHEME
Salary sacrifice schemes are hugely popular among UK employees and employers. Whether your people need help buying a new bike, electric car or top tech or wish to purchase more annual leave – salary sacrifice schemes can make it affordable. We’re in a cost-of-living crisis, and the ...
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ArticleRailway staff accept pay, security and conditions deal
Members of railway union Transport Salaried Staffs' Association (TSSA) have accepted an improved deal following a long-running national dispute over pay, job security and conditions.A total of 80% of management grade and 60% of general grade members, in a variety of management, station, control, engineering, clerical, and customer service roles, ...
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ArticleJohn Lewis reports 7.9% mean gender pay gap
Retail organisation John Lewis has revealed that its 2022 mean gender pay gap was 7.9%, down from 9% in 2021 and below the average for the sector of 13.5%.Its 2022 median gender pay gap was 5.8%, down from 6.4% the prior year, and lower than the retail average of 8.5%. ...
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ArticleEyekon Services to pay £8,980 in unfair dismissal case
Management consultancy Eyekon Services has been ordered to pay a former employee £8,980 after an employment tribunal found him to have been unfairly dismissed.A Rodgers worked as a cleaner and caretaker from June 2002 for a firm that was taken over by Glasgow-based Eyekon Services last year. Rodgers worked 37.5 ...
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ArticlePopstar Pink introduces daughter to fair pay conversation with minimum wage tour job
Credit: Fred Duval / Shutterstock.comSomething for the weekend: American singer Alecia Moore, known professionally as Pink, has revealed that her daughter will be working a minimum wage job while she travels and performs with her on tour this year.Pink stated on US television chat show 'The Today Show' that her ...
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ArticleThe top 10 most-read articles between 17 - 23 February 2023
The top 10 most-read articles on www.employeebenefits.co.uk between 17 - 23 February 2023 were: Asda to increase retail pay by 10%Tesco raises hourly pay to above £11HSBC reports 45.2% mean gender pay gapTrial sees 92% of employers agree to continue four-day weekHermès implements global €4,000 bonusHalf of younger staff would ...
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ArticleHarperCollins agrees to pay increase and bonus for US staff
Book publishing business HarperCollins has reached an agreement with its US union, that includes a pay increase and bonus for employees.Nearly 250 members of staff, who are part of the union, have been on strike since 10 November 2022 over the terms of their contracts.The deal included guaranteed paid overtime, ...
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ArticleHome Depot raises starting wage to $15 per hour minimum
Credit: Jonathan Weiss / Shutterstock.comUS home improvement business Home Depot has invested $1 billion (£830.9 million) in wage increases for its frontline hourly employees, raising its starting salary in every US market to or above $15 (£12.47) per hour.The pay changes came into effect earlier this month, with some employees ...
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ArticleHermès to pay €4,000 bonus to staff globally
Credit: sylv1rob1 / Shutterstock.comFrench fashion and design brand Hermès has announced that it will pay its 19,700 employees a bonus of €4,000 (£3,519) this year.Axel Dumas, chief executive officer of Hermès, presented the year-end bonus plan at an analyst meeting on Friday 17 February.Dumas cited the brand’s net profit reaching ...
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ArticleWest Northamptonshire Council to pay £9,000 in unfair dismissal case
West Northamptonshire Council has been ordered to pay a former manager of Everdon Outdoor Learning Centre nearly £9,000, after Northamptonshire County Council was found to have unfairly and wrongfully dismissed them.Northamptonshire County Council was dissolved in 2021, resulting in West Northamptonshire Council, which now owns the centre, taking on its ...
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ArticleHSBC reports 45.2% mean gender pay gap
Banking organisation HSBC has reported a mean gender pay gap for 2022 of 45.2% across its UK operations, and a median gap of 48.8%.HSBC employs 34,301 full-time employees in the UK, including 18,699 under the HSBC UK brand, with the remainder falling under various operations, including HSBC Global Services, HSBC ...
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ArticleTrial sees 92% of employers agree to continue four-day week
The majority (92%) of participants in the UK's four-day week trial said they will definitely continue or are planning to continue with a four-day working week.Four Day Week Global, Four Day Week Campaign and Autonomy led a six-month trial of a four-day week, with no loss of pay for workers, ...
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ArticleTesco raises hourly pay to above £11
Supermarket chain Tesco has announced that it will increase hourly pay for store employees to £11.02 as of 2 April, to reflect the increasing cost of living.This 7% base pay rise is the third Tesco has given in the past 10 months, amounting to a more than £230 million investment. ...