Reward News
Senior leaders need to encourage women to ask for pay rises say experts
A lack of salary transparency is causing a disadvantage to women, says research released today on Equal Pay Day. Only one in four full-time employees in the UK strongly agree their workplace is transparent about pay, says research from Glassdoor. Many more women...
“Name and shame firms breaking minimum wage law”
Publicly naming and shaming firms who are underpaying staff is effective but more needs to be done to prevent this practice. A report by the Resolution Foundation shows that the Government's "naming and shaming" of businesses failing to adhere to Minimum Wage Laws...
National Living Wage to rise to £9.50 an hour
As previously speculated, the upcoming Autumn Statement will be used to announce a rise in the National Living Wage to £9.50 an hour. The National Living Wage is set to rise by 6.6 per cent from the 1st April 2022, rising from its current rate of £8.91 per hour. This...
Pay awards to rise by 2.5 per cent by September 2022
Latest research reveals that private-sector employers are predicting pay awards to rise to 2.5 per cent in the 12 months to the end of August 2022, up from the 1.6 per cent median award made in the previous year. New research carried out by XpertHR shows momentum...
Under half of workers feel they are paid what they are worth
A new survey suggests that most people don’t believe they’re being paid what they think ‘they are worth’ to do their current jobs. New research carried out by HR software provider CIPHR suggests less than half (41 per cent) of workers consider their salary to...
Women overlooked for pay rises and bonuses during COVID-19
New research shows how the COVID-19 pandemic has exacerbated the gender pay gap with women being left behind when it comes to being rewarded financially. Despite taking on new roles or additional responsibilities during the crisis, women were still shown to be less...
Companies increasingly adopting environmental policies
According to a new report, organisations are now ramping up environmental policies as well as health benefits amid the Great Resignation, reflecting changing priorities post-pandemic . New research by Gallagher, a global insurance and risk management company,...
Starting salaries rise at fastest rate in over two decades
As the number of businesses looking to hire soar, starting salaries for both temporary and permanent workers have risen at the greatest speed in 24 years. According to new research released by the Recruitment and Employment Confederation (REC), hiring has continued to...
National Living Wage expected to rise to £9.42 an hour
It has been claimed that Prime Minister Boris Johnson will be announcing a raise to the National Living Wage, bolstering this from £8.91 to £9.42 an hour. Prime Minister Boris Johnson is expected to announce an increase in the National Living Wage in the coming weeks,...
Employers offering enhanced maternity pay rises by over a fifth
Major employers are now increasing the range of benefits they offer including enhanced maternity and paternity leave. According to new research by Bright Horizons, close to four in five (79 per cent) employers now enhance maternity (and adoption and surrogacy) leave...
Reward Analysis
Debra Clark: Reviewing Benefits: why, what and how
According to Premier Foods, ‘work is a verb, not a place.’ What does this mean for workplace benefits? Employers are currently facing one of the biggest changes ever in staffing circumstances with a division between those staff returning to the workplace and those...
Marcus Beaver: Work Perks – How COVID-19 has changed benefit strategies
The pandemic has changed routine working lives for millions. We are no longer fixed to desks five days a week. With this new work-life freedom, many of us have discovered that we can work from almost any location. As a response, the benefits that employers have been...
Nick Gallimore: Rethinking pay and reward in the hybrid model
Soon offices across the country reopen the questions will start around what type of working model will work best for your organisation, and how pay and reward will fit into this new working model. These new ways of working are uncharted territory for many, and...
Rosie Evans: What benefits should businesses offer in the post-COVID world?
It’s now more than a year since the WHO officially declared a global pandemic, and in this time the workplace has been fundamentally and irrevocably changed. The overnight switch to full time remote work has disrupted the traditional 9-5, and businesses have had to...
Heidi Allan: How Covid has transformed employee wellbeing and benefits
While the impact of COVID has lifted employee wellbeing up the corporate agenda, it has also fundamentally shifted the way we think about our employees, the support they need and how to best communicate with them. As a result of this shift, employers are starting to...
Paul Jackson: The Challenges of Salary Advance Schemes
The recent publication of the Woolard Review marks a turning point for Employer Salary Advance Schemes (ESAS), the payment innovation sometimes known as ‘On-Demand Pay’. The Woolard Review is the latest report by the Financial Conduct Authority (FCA) into ‘change and...
Nicola Ryan: Why paying the real Living Wage is a ‘no-brainer’ for employers
The real Living Wage is the only UK wage rate voluntarily paid by thousands of UK businesses that believe their staff deserve to be paid fairly. Yes, paying the real Living Wage is morally the right thing to do for socially responsible organisations, especially during...
Sunny Lee: The art of negotiating salary and why it is important for everyone to take part
Why women tend to negotiate their salary less than men Across the world, there have been growing efforts to advance women and other minorities in organisations. Nevertheless, both research and anecdotal evidence suggest that women, compared to men, still negotiate...
Michael Doolin: What employers need to know about remuneration packages and benefits
The evolution of remuneration and the impact of COVID-19 COVID-19 has had a wide-reaching impact, touching almost every area of the business, not to mention the labour market. With many industries such as Hospitality taking huge hits, the introduction of the furlough...
Rebekah Tapping: How businesses are responding to National Living Wage increases
As the impending rise to the National Living Wage (NLW) draws nearer, the pressures on businesses to look at their remuneration package increases. Evidence from a recent report from the National Minimum Wage Low Pay Commission1 suggests that businesses are responding...
Recent Comments on Stories