All Pay strategy articles – Page 87
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ArticlePay awards remain at highest level since 2008 but still lag behind inflation
HR software firm XpertHR has analysed 263 pay settlement outcomes, and found that the median basic pay award in the three months to the end of March 2022 was worth 3%, the same as the previous two rolling quarters.Pay awards therefore remained at their highest level since December 2008, when ...
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ArticleUnum UK reports 23% mean gender pay gap
Employee benefits prover Unum UK has revealed that its 2021 mean gender pay gap was 23%, widening from 22% in 2020.However, its median gender pay gap narrowed from 15% in 2020 to 14.8% in 2021. This was one percentage point less than its 2018 figure, while its mean gap was ...
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ArticleBritish Heart Foundation reports 4% gender pay gap
The British Heart Foundation has revealed that its mean gender pay gap for 2021 was 4% in favour of men, compared with the national average of 15%. This was a drop from 6% in its 2020 report.Its median pay was close to being equal for women and men, with women ...
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Article50% of employers have not introduced extra financial support
Employee Benefits poll: Half of employers have not implemented extra financial support for their staff to combat the cost-of-living crisis, and do not plan on doing so.A total of 12% of respondents to an online survey conducted by Employee Benefits Magazine said they have introduced some additional financial help for ...
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AnalysisWhat impact is the war in Ukraine having on benefits strategies?
Employee support during the war in Ukraine might include evacuating staff and providing flexible, practical support for those directly affected.Organisations should also remember the importance of mental health support for all employees, including senior managers.In addition to day-to-day considerations, businesses should understand the wider ramifications of world events on other ...
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ArticleUK 2021 disability pay gap narrows to 13.8%
New data from the Office for National Statistics (ONS) has revealed that the UK’s disability pay gap was 13.8% in 2021 and 14.1% in 2019 prior to the Covid-19 (Coronavirus) pandemic.In 2021, disabled employees earned £12.10 per hour and non-disabled employees £14.03 per hour, while in 2019, disabled staff earned ...
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ArticleThe top 10 most-read articles between 14 April – 21 April 2022
The top 10 most-read stories on employeebenefits.co.uk between 14 April and 21 April 2022 were: Tesco to pay staff thank-you bonus of 1.25% of annual wagesEmployee Benefits Awards 2022 Benefits Professional of the Year award shortlist revealedAsda partners with Workday for enhanced employee experienceAdapting pay strategies to cope with the ...
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ArticleUK GlaxoSmithKline staff vote to strike in pay rise row
UK GlaxoSmithKline (GSK) employees have voted to strike against a “derisory” 2.75% pay rise offer from British Big Pharma, according to labor union Unite.A total of 86% were in favour of industrial action, with staff located in Scotland, Hertfordshire, West Sussex, Cumbria and Durham taking part in the ballot. The ...
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ArticlePensionBee reports 2% median hourly pay gap
Online pension provider PensionBee has reported a 2% median hourly pay gap and a 0% median bonus pay gap in its most recent gender pay gap report.According to the provider, which has an employee base of 138, these gaps are in line with its 0% target, with a variance of ...
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AnalysisAdapting pay strategies to cope with the cost-of-living crisis
Need to know:Sweeping pay rises may not be achievable for many employers, but spot bonuses can help staff without as heavy an impact on yearly budgets.Financial wellbeing and flexible pay tools can help employees gain greater flexibility and control over their money.Effective communication of the benefits available to staff, as ...
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Case StudiesPromoVeritas focuses on pay to provide security for staff
In a move to help staff cope with the soaring cost of living, promotional marketing agency PromoVeritas announced an across-the-board 6.5% pay rise for its 40 employees in March 2022, and a rise of 8% for those who achieved a performance score of eight out of 10 or higher in ...
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OpinionKatherine Chapman: As costs rise, how can pay strategies help employees make ends meet?
We are living in unprecedented times, with inflation at a record high and spiralling energy and food bills. The worst income squeeze on record lies before us and no one will feel it more sharply than the nearly five million people in low-paid and insecure jobs, already struggling to meet ...
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ArticleTesco to pay staff thank-you bonus of 1.25% of annual wages
Supermarket chain Tesco has introduced a thank-you bonus of 1.25% of annual wages for its store, customer fulfilment centre and customer engagement centre staff.This bonus has been implemented to recognise the hard work of Tesco employees during the industry challenges of the past year, and will apply to between 280,000 ...
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ArticleNylas to help fund start-ups of current and former employees
US-based communications application programme interface (API) provider Nylas has launched the Nylas Alumni Fund, to support both current and former employees who wish to launch early stage start-ups.Nylas has pledged to contribute up to $20,000 (£15,219.90) towards a seed round of funding in support of what it deems to be ...
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ArticleAllen and Overy reports 59% mean gender pay gap
Law firm Allen and Overy has published its fifth annual gender pay gap report, which found that its overall mean gender pay gap in 2021 was 59%, a slight decrease from 60% in 2020.Its overall median gender pay gap stood at 41%, just less than 46% in 2020. Meanwhile, its ...
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ArticleEmployment on the rise but real pay growth falters
The number of payrolled employees has increased between February and March 2022 for all regions of the UK except for the North West, according to research from the Office of National Statistics (ONS).For the three months ending February 2022, the highest employment rate estimate in the UK was in the ...
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ArticleMRL Consulting Group awards all staff 10% pay rise
Recruitment agency MRL Consulting Group has given all employees, regardless of length of service, role or seniority, a 10% pay increase as of 1 April.According to the business, which operates across Europe, Middle East and Africa, the Asia Pacific and the Americas, this is a response to the spike in ...
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Article59% say remote working has afforded them a higher salary
Almost three-fifths (59%) of remote workers said the practice has afforded them a higher salary, according to research by global compliance and payroll technology organisation Deel.Its survey of more than 700 individuals working remotely in 86 countries also found that just under two-thirds (64%) found it had helped them to ...
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ArticleVero Screening becomes accredited living wage employer
Employment screening provider Vero Screening has been accredited as a real living wage employer by the Living Wage Foundation.The accreditation means the organisation has committed to paying its 253 employees a wage based on the true cost of living rather than the government-set national living wage, which is currently set ...
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ArticleGusto Italian expands financial wellbeing package
Casual dining restaurant group Gusto Italian has partnered with automated cloud payroll software provider PayCaptain, as part of a push to get financial wellbeing and awareness higher on its 600 employees' agendas.As a result of the partnership, employees are now able to access pay on demand. This includes wage advances, ...