Reward News
Salary is highest priority for employees, new research finds
New data shows that UK employees are increasingly placing salary packages as the most important factor when it comes to career management. SD Worx, a HR and payroll solutions company, finds that salary packages are being placed as the most important priority for...
HR and payroll in UK is ranked 21st most complex in Europe
New research finds that HR and payroll processes in the UK are the 21st most complex in Europe, meaning these processes are more complicated than ones adopted by countries such as the Netherlands, Portugal and Germany. A new report by TMF Group, a critical compliance...
UK office workers would agree to pay-cut for remote working
New research finds that the majority of UK workers - three in four - would accept a pay-cut if it meant they could continue working remotely. New data from Citrix, a company that offers cloud technologies, finds that the majority of UK office workers desire to keep...
FTSE 100 CEOs earn average worker’s annual salary in 34 hours
Research from a think-tank reveals that, on average, it takes less than three days for the CEO of a FTSE 100 company to earn more than an employee's annual wage. The High Pay Centre, a think-tank that analyses data concerning top incomes, has found that the 6th...
Government exposes employers who failed to pay workers minimum wage
The list includes well-known names such as Tesco, Superdrug and Pizza Hut. The Government have released a list of over 100 employers that have failed to pay their employees the National Minimum Wage, amounting to £6.7 million not being paid out in total. This is a...
Public sector already faces pay penalty even before incoming pay freeze, report warns
New research highlights the pay penalty that public sector workers are facing in comparison to private sector workers in similar roles. The report adds that the pay freeze that is due to be introduced in 2021 for the public sector will further widen this gap. ...
Calls for furlough scheme to be used to encourage workers to self-isolate
The research identifies significant problems with the current sick pay regime in relation to preventing the spread of COVID-19. The report urges that the Coronavirus Job Retention Scheme (also known as furlough) should be used instead. New research from Resolution...
UK salaries set to rise in 2021 for private sector workers
New research finds that "cautious optimism" may be creeping in over the next year as salaries for private sector workers are expected to rise. Willis Tower Watson, an advisory, broking and solutions company, have released new research within their Salary Budget...
Employees believe recognition programs have become “tired and detached”
According to new research, nearly half of employees view recognition programs at their company as tired and detached from what is important to the organisation. O.C Tanner, a development company for recognition strategies and reward programs, has identified that most...
How will pay packets be affected by COVID-19?
New research analyses the impact of the Spending Review announced by the Chancellor earlier this week and what this will mean for pay packets. A report by the think tank Resolution Foundation states that the pandemic is set to lower wages by £1,200 each year per...
Reward Analysis
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...
Ken Charman: Creating a reward strategy for the digital age
Recognition is becoming a motivational necessity. According to a recent survey across the US, UK and Australia, employees are rejecting generic and annual rewards as inadequate, instead demanding to be recognised in more timely and meaningful ways. Only 20 per cent of...
Jim Barnett: The art of putting cost effective employee benefits in place
Workplace benefits need to be carefully thought out and be seen not as a simple perk, but a real investment in personnel. Innovators – Google, Apple, LinkedIn and Virgin are continually coming up with innovative benefits to entice and retain talent from encouraging...
Brett Hill: The dangers of demographic generalisation in the workplace
Demographic generalisations continue to make headlines, as another trait of a particular age group is “exposed” for readers to feast on and debate. While having groupings such as “Millennials” and “Baby Boomers” can be useful in the workplace - as a starting...
Brian Kropp: Employee behaviour influenced by Brexit disruption
While an unstable government continues to “throw the dice” on its potential next steps – with continuing delays - it is no wonder that businesses have felt forced to accelerate their Brexit planning. However, within such plans, employers are failing to predict how...
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