Reward News
Single mothers earn 53% less than the average man
On Single Parents’ Day, recent data from NOW: Pensions underscores a significant gender disparity in pension savings, indicating that single mothers earn a staggering 53 percent less than the ‘average’ man and 37 percent less than the ‘average’ woman. The data,...
Nearly 50% of pay awards to be below last year’s
A forecast by XpertHR suggests that nearly half of the pay awards in 2024 are anticipated to be lower than those of the previous year, primarily due to a decline in inflation rates. The latest data from XpertHR indicates a median basic pay award of 4 percent for 2024,...
John Lewis axes staff bonuses third time in 4 years
Dame Sharon White, Chairperson of John Lewis Partnership, has pledged a dedication to enhancing the retail experience within the iconic department store chain. However, this move comes amidst the partnership's decision to withhold staff bonuses for the third time in...
Supermarkets fight for staff: Aldi raises pay again
In response to the intensifying battle for staff and in anticipation of higher minimum wage levels, Aldi has announced its second pay rise of 2024. This strategic move positions Aldi as a leader in employee compensation within the UK's supermarket landscape. Effective...
Latest ONS labour market statistics: Payroll numbers rise but growth rate slows
The latest data from the Office for National Statistics (ONS) reveals that payrolled employees in the UK experienced a modest increase of 15,000 between December 2023 and January 2024. However, the more significant trend emerges when looking at the broader picture,...
Tesco pay rise delay means workers are earning below minimum wage
A controversial month-long delay to a promised pay rise at Tesco has drawn widespread criticism, as some employees find themselves earning less than the minimum wage. The delay, set to save the supermarket over £17 million, has left staff frustrated, especially as the...
Tesco to increase staff pay
In response to the escalating minimum wage and the imperative to retain a competitive workforce, Tesco has joined the ranks of leading supermarkets in increasing staff pay. The hourly pay rate for Tesco store workers is set to surge from £11.02 to £12.02 in April,...
Highest HR salaries in England revealed
Newly released data from the Office for National Statistics (ONS) has unveiled substantial disparities in Human Resources (HR) salaries across England, with the East of England emerging as the top-paying region for HR professionals. The statistics, analysed by HR...
Which place in the UK has the highest HR salary?
Recent data from the Office for National Statistics (ONS) has unveiled stark regional disparities in the salaries of HR professionals across England. The figures, released this month, indicate that HR managers and directors in the East of England and London command...
17% failed to comply with pay gap reporting requirements
As the deadline for the UK's gender pay gap reporting looms just over a month away, the Chartered Institute of Personnel and Development (CIPD) is calling on employers to not only meet their reporting obligations but also to embrace a broader responsibility for...
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...
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