All Pay strategy articles – Page 88
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ArticleClifford Chance finds mean 44% social mobility pay gap in first report
Magic circle law firm Clifford Chance has voluntarily reported its social mobility pay gap for the first time, finding a mean 44% difference in pay between the professional and working classes in 2021.This gap dropped to 26% between the intermediate and working classes, and 24% between the professional and intermediate ...
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ArticleThe Football Association reports 14% mean gender pay gap
The Football Association (FA) has published its latest gender pay gap report, which outlined that its mean hourly pay gap fell by 4% since 2020, to 14% in favour of male employees.The median hourly pay gap, which measures the difference in pay between mid-level male and female employees, has also ...
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ArticleRound-up of tax and legislative changes taking effect in April 2022
This month sees a number of legislative changes impacting pay and benefits packages. These include:The government-set national living wage for people aged 23 or older rose to £9.50 an hour on 1 April, which is a 6.6% increase on the previous rate of £8.91.The national minimum wage for those aged ...
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Analysis
Rebecca Berry and Sarah Taylor: employers face a balancing act on ‘living with’ Covid
The change in emphasis of the government’s ‘Living with Covid’ guidance raises many questions for employers. These include:What does the lifting of the legal requirement to self-isolate for those who test positive for Covid -19 (Coronavirus) mean for employers?How should employers implement the guidance that those who test positive for ...
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OpinionSusie Al-Qassab: Employers can take steps to eliminate gender inequality in the workplace
When the UK government commissioned the workplace and gender equality research in order to review whether policies in the workplace were family friendly and in support of the progression of women, it was identified that the main barriers were tensions between working and caring for a family, negativity surrounding and ...
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ArticleQuilter introduces menopause and health policy
Wealth management business Quilter has launched a menopause and gynaecological policy and guide, to support employees experiencing menopausal symptoms or other gynaecological health issues.According to the firm, which employs 3,900 members of staff, the policy and guide signal its commitment to supporting people transitioning through the menopause. It aims to ...
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ArticleAdecco Group UK and Ireland publishes gender pay gap report
Recruitment agency Adecco Group UK and Ireland has revealed that its mean gender pay gap widened by more than 8% in 2020, to -13% from -4% in 2019.The median gender pay gap for colleagues and associates largely stayed flat at -2.38%, compared to -2.23% in 2019, while female representation in ...
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Article28% of UK office staff are considering quitting due to pay
More than half (53%) of UK office workers say they are considering leaving their job, according to a survey from Virgin Media O2 Business, with 28% citing pay as a reason to quit.The annual Connected working survey, which polled 2,000 UK office workers, looked at the role of technology in ...
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ArticleLondon Early Years Foundation awards pay rise and bonus
Credit: Isabelle Johnson/London Early Years FoundationLondon Early Years Foundation (LEYF) has awarded its more than 800 employees a pay rise and a bonus in recognition of their efforts and to help attract new talent.From 1 April, all staff across its 39 nurseries and central office staff, including bank staff and ...
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ArticleBarclays awards pay rise to US staff
Banking organisation Barclays has increased its minimum hourly pay rate for more than 900 members of staff located in the United States as of March.The new rate, which varies by location based on cost-of-living indices, has risen to at least $20.50 (£15.62) per hour from $17.00 (£12.95) per hour. The ...
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ArticleThe top 10 most-read articles between 25 March – 31 March 2022
The top 10 most-read stories on employeebenefits.co.uk between 25 March and 31 March 2022 were: London Underground drivers to get 8% pay riseCurrys introduces hybrid-working model64% of UK staff would take pay cut for other benefitsRevolution Bars Group gives 3,000 staff a pay riseHargreaves Lansdown launches trans and non-binary equality ...
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OpinionLovewell's logic: How is the rising cost of living impacting employees?
Following last week’s damp squib of a Spring Statement, headlines this week have been dominated by how much the cost of living is due to rise yet again from today (1 April). With the price of gas, electricity and council tax all set to rise, along with an increase in ...
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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 ...