Reward News
Pay awards reach highest level in six months
According to new research, pay awards have reached 2 per cent in the three months to May 2021. New research from XpertHR reveals that pay awards have grown marginally over the last few months, with the median reaching its highest level for six months. Between March...
Treasury accused of hiding sick pay from self-isolating workers
The UK Government has been accused of suppressing access to sick pay for workers forced to self-isolate after testing positive for COVID-19. According to emails leaked by Politico, it has been alleged that the Treasury instructed senior government officials to...
Low-paid workers most likely to face unemployment and job insecurity
New research finds that low-paid workers have been worst affected throughout the pandemic and still face the risk of unemployment and high job insecurity after the furlough scheme ends. A report by Resolution Foundation, an independent think-tank, examines the impact...
Creating salary structures is the number one priority of reward professionals
In a new survey, HR professionals identified pay and grading structures as the top priority for upcoming organisation reward plans. New research by XpertHR shows that almost half of reward professionals (49 per cent) identified robust pay and grading structures as...
Work-life balance becomes top priority for UK workforce
A new survey which questioned over 9,000 UK employees has found that the main priority for employees looking for a new employer is the work-life balance offered. Randstad, a specialist recruiter, has found that the shift to remote working and the circumstances of...
Insecure workers 10 times more likely to receive no sick pay
3.7 million workers in the UK who face insecurity linked to work, whether through a lack of regular hours or income, are much more likely to miss out on receiving Statutory Sick Pay (SSP). According to new analysis by the Trades Union Congress, workers who have...
HR professionals paid less than the average UK salary
In a new analysis, it has been revealed that HR professionals are earning less than the average UK salary, in all but one region. New research from Ezra, a digital coaching platform, has shown that workers within the HR sector around the UK are earning less than the...
A fifth of older workers forced to delay retirement due to COVID-19
A significant proportion of older workers have been forced to delay their retirement due to COVID-19 and a lack of financial preparedness. According to a new report by Close Brothers, just under one-fifth of workers aged between 65-74 and one in seven (14 per cent)...
Companies publishing gender pay gap data has fallen by 80 per cent
The research finds a drastic drop in the amount of companies offering up their gender pay gap data, likely a result of the extension of the pay gap reporting. According to new data by the CIPD, the number of employers who have reported data about their gender pay gap...
Statutory Sick Pay sees an increase to £96.35 a week
Statutory Sick Pay has now increased from £95.85 to £96.35 a week, an increase of 50p. As scheduled, SSP in the UK has risen by 50p, from £95.85 a week to £96.35, an amount that an employee can get for up to 28 weeks. The amount of sick pay offered has been a...
Reward Analysis
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...
Danni Rush: Creating a diverse employee engagement scheme for a diverse workforce, the risks and rewards
Our workplaces are becoming increasingly diverse. For example, back in the 1970s, women represented 40 per cent of the workforce but now make up almost half (48 per cent). However, according to the World Economic Forum (WEF), there is still plenty more to do. As...
Deborah Frost: Making reward and recognition personal
A successful employee benefits programme only truly works when it is meaningful to the individual. Employees want to feel valued for their contribution, not like a small cog in a large machine. Research has shown that happy and engaged employees are up to 20...
Gail Cohen: Making the most of gift cards as an employee reward
Gift cards have become an increasingly integral part of many businesses reward schemes. Indeed, our most recent State of the Nation report revealed that the B2B gift card market has grown by more than 20 per cent year-on-year. From an employee’s perspective, the...
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