All Pay strategy articles – Page 83
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ArticleEdison365 makes four-day week permanent
Innovation management platform Edison365 has permanently moved to a 32-hour four-day week following a successful three-month pilot scheme for its 30 employees across its UK and USA offices.The business, which originally trialled a 4.5-day working week in 2020 where staff were allowed to finish at 2pm each Friday, has had ...
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Article19% of staff feel employer does not do enough for financial wellbeing
Nearly one in five employees (19%) feel their employer is not doing enough to support their financial wellbeing, according to research by the Chartered Institute of Personnel and Development (CIPD).Its research, which polled more than 2,500 employees, also found that 12% said their pay is not enough to support an ...
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ArticleWiltshire Police reports 9% mean gender pay gap
Wiltshire Police has seen mean its gender pay gap widen by almost half a percent according to its Gender pay gap report 2021.The police force, which currently employs 1,212 women and 1,151 men, reported an overall mean gender pay gap of 8.99% as of 31 March 2021, which has narrowed ...
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OpinionLee McIntyre-Hamilton: How the Spring Statement 2022 will affect employers and employees
The Chancellor’s Spring Statement has been met with much criticism since it was delivered on 23 March, not least from employers.Those who were hoping for a delay to the national insurance contributions (NIC) increases will have been disappointed, as the rise of 1.25% from 6 April is going ahead. While ...
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ArticleFreshfields reveals gender, ethnicity and disability pay gaps
Global law firm Freshfields Bruckhaus Deringer has published its 2021 UK pay gap report, which includes gender, ethnicity, disability and sexual orientation pay gap data.The firm, which has published its gender pay gap since 2017 and its ethnicity pay gap since 2018, has included data on its disability and sexual ...
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ArticleTFL pensions review recommends maintaining current scheme
Photo: Transport for LondonThe Independent review into Transport for London (TFL)’s pension scheme led by former trade union official Sir Brendan Barber has suggested that TFL maintains the current final salary scheme with no changes.The government instructed TFL to set up a pensions review as part of conditions it attached ...
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AnalysisWhat role does a reward strategy hold in a battle for talent?
Need to know:Benefits such as financial education, salary sacrifice, health cash plans and discount platforms can help to support employees during the cost of living squeeze.Higher inflation may help address existing pay inequalities but organisations must also guard against creating new ones with jobseekers demanding higher starting salaries.Paying attention to ...
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Case StudiesCare provider Elder uses reward package to attract talent to the sector
Attracting and retaining talent is a key part of care provider Elder’s strategy, both for its own employees and the 5,000 self-employed carers who find work through its platform. It set out to disrupt the market when it launched in 2015.Pete Dowds, CEO of Elder, says: “Care isn’t well incentivised ...
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Article64% of UK staff would take pay cut for other benefits
Almost two-thirds of UK workers (64%) would consider taking a pay cut if a new role offered other benefits, according to a study.Insurer Aviva’s latest How we live report revealed that 22% would think about taking a lower salary if they had a hybrid working option, while 31% would do ...
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ArticleRevolution Bars Group gives 3,000 staff a pay rise
Revolution Bars Group has awarded its approximately 3,000 employees a pay rise that exceeds the national minimum wage as part of its ‘fair day’s pay for hard day’s work’ pledge.The group, which is an operator of bars including Revolution, Revolución de Cuba, Playhouse, and Founders and Co, has invested £2 ...
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Article44% of staff say employer advertises better benefits to new hires
Just above two-fifths (44%) of UK employees say their employer has advertised better benefits packages for new hires, including offering ones they do not currently receive.A survey conducted by HR solutions firm LHH examined the views of 2,000 UK workers, and more than 1,000 HR directors and heads of learning ...
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ArticleWest Mercia Police’s gender pay gap falls
West Mercia Police has reported a 9.8% hourly pay mean gender pay gap for 2021, which has decreased from 10.5% in 2020.It means the force’s hourly pay mean pay gap has narrowed every year since 2018, where it was 13%. In 2019, it stood at 12.8%.Meanwhile, its hourly pay median ...
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ArticleLondon Underground drivers to get 8% pay rise
London Underground workers are set to receive an 8.4% pay rise from next month (April) as part of a deal agreed by the Mayor of London Sadiq Khan.A four-year agreement was made back in early 2020, which was backdated to include 2019/20, and so which covers the period between 2019/20 ...
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ArticleThe top 10 most-read articles between 18 March – 24 March 2022
The top 10 most-read stories on employeebenefits.co.uk between 18 March and 24 March 2022 were: EXCLUSIVE: Employee Benefits Awards 2022 shortlist revealedHSBC UK, First Direct, M&S Bank become endometriosis-friendly employersBoots to pay staff HRT prescriptions costsStantec UK launches electric vehicle salary sacrifice schemeBelfast food delivery staff strike over pay demandsIpsos ...
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ArticleBarton's blog: Spring sun doesn't herald brighter times
It’s so nice to have had a little bit of sunshine this week; while it seems as though Spring has well and truly arrived, the Chancellor of the Exchequer Rishi Sunak’s Spring Statement on Wednesday didn’t exactly usher in brighter times ahead.In his much-anticipated speech, Sunak reiterated the pressures felt ...
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ArticleBalfour Beatty reports reduced gender pay gap
International infrastructure group Balfour Beatty has published its 2021 Gender pay report, which revealed that its mean gender pay gap has fallen from 27% in 2018 to 21% in 2021 and its median gap from 33% to 18%.Furthermore, its mean gender bonus gap for 2021 is 29% and the media ...
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Supplier articlePay Gap Reporting: Insight Series from Henley Reward Consulting – Part 1
Author Name: Louise Haines, Managing Director at Henley Reward Consulting The reporting deadline for the gender pay gap is fast approaching: 30th March 2022 for most public authority employers and the 4th April 2022 for private, voluntary and all other public authority employers. In addition, UK employers ...
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ArticleSpring Statement 2022: National Insurance threshold rises
Spring Statement 2022: Chancellor of the Exchequer Rishi Sunak has today (23 March) confirmed that the National Insurance primary threshold and lower profits limit for employees and the self-employed will increase from July.Sunak stated that the rise from £9,880 to £12,570 will benefit almost 30 million people, seeing a typical ...
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Article64% of staff find recent pay rise 'unfair'
New research has revealed that more than two-thirds (64%) of workers think their most recent pay rise was unfair and did not reflect their job performance.HR and payroll software provider CIPHR’s Pay rise study, which was based on a survey of around 1,000 employed British adults, also highlighted that 70% ...
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ArticleBelfast food delivery staff strike over pay demands
Food delivery workers based in Belfast will be staging a six-hour strike today (Wednesday) as part of their demands for a minimum income guarantee of at least £10 per hour plus operating costs.Work will be stopped between the hours of 11am and 5pm, with a public protest to be held ...