Reward News
PwC reveal that working class employees are paid 12 per cent less
According to new data released by the professional services firm, the median pay gap for staff from a lower socio-economic background stood at 12.1 per cent. PricewaterhouseCoopers, one of the Big Four accounting firms, has revealed that under 15 per cent of its...
Bosses now offering cash rewards for employee loyalty
Employers are shifting the way that they recognise and reward loyal employees due to staff now remaining with a single employer for significantly less time than before. According to figures from XpertHR, businesses are more inclined to offer monetary rewards for...
Ocado facing allegations of paying drivers less than £5 an hour
According to a new report by The Observer, drivers working for the online supermarket company are earning significantly under the National Minimum Wage. Ocado drivers are now allegedly being paid up to £5 an hour after the company brought in delivery partner Ryde...
22 highest earning CEOs used furlough scheme for staff
At least 22 FTSE 100 companies were shown to be supported by the Covid Corporate Financing Facility (CCFF) or the Coronavirus Jobs Retention Scheme (CJRS, also known as furlough), and the mean pay for CEOs of these companies was £2.36 million. The annual survey by the...
Pay awards stabilise after pandemic uncertainty
According to new research, pay awards have stabilised after the year of uncertainty created by the pandemic. New data from XpertHR shows that between May and July 2021, the median basic pay award was worth 2 per cent, the same figure as the three previous rolling...
HMCR reveals “absurd excuses” employers gave for refusing to pay Minimum Wage
After revealing a list of companies which have failed to pay staff the National Minimum Wage, Her Majesty's Revenue and Customs have now released some excuses employers have given to justify not paying this. HMRC have reiterated the need for businesses to pay all...
Pret A Manger make temporary staff pay cut permanent
Pret A Manger has announced that a temporary pay cut, introduced because of the pandemic, will now be permanent. The sandwich chain giant attempted to mitigate the effects of low footfall at the beginning of the pandemic by not paying workers during their breaks....
Civil servants could face a pay cut if working from home
Reports from various news outlets states an unnamed cabinet minister has suggested that civil servants who choose to work from home should receive a pay cut. An anonymous senior cabinet minister interviewed by the Daily Mail has shared their view that civil servants...
Benefit packages failing to meet the workforce’s expectations
New data highlights a discrepancy between what employers are providing in terms of benefits and what staff really want - with many workers arguing that some benefits should be mandatory. Research by Moneypenny, an outsourced communications provider, has found that...
Government ‘names and shames’ firms who have failed to pay minimum wage
Almost 200 businesses (191 companies) have been singled out for breaking laws linked to the National Minimum Wage. The Department for Business, Energy and Industrial Strategy (BEIS) has today named and shamed employers who have underpaid staff. According to its...
Reward Analysis
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...
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...
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