Reward News
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...
HR sector shows signs of slowing growth
In a recent study conducted by Reed, the human resources (HR) sector is displaying signs of decelerating growth, evidenced by a mere 2.8 percent increase in salaries over the past year. This marks a notable decline from the 4.2 percent average increase observed in...
More than 40% think their office needs modernising
Despite a surge in businesses adopting hybrid working models, a recent study conducted by Crown Workspace has unveiled that nearly half (46%) of hybrid workers feel their office or workspace is ill-suited for such arrangements and requires modernisation. The research,...
50% of companies committed payroll errors during the last five years
Alight, Inc. (NYSE: ALIT), a leading cloud-based human capital technology and services provider, has unveiled alarming statistics in its 2024 Company Payroll Complexity Report. The study exposes that a staggering 53 percent of surveyed companies faced payroll...
Government names over 500 companies not paying minimum wage
In a stern move by the government, over 500 employers were publicly named yesterday today for failing to pay the minimum wage, according to a joint announcement from the Department for Business and Trade and Kevin Hollinrake MP. The revelation comes as part of a...
The UK’s recession: median award falls to 5.1%
The latest pay settlement data released by XpertHR indicates a significant drop in median basic pay awards for the first three months of 2024, with the figure falling to 5.1 percent. This marks a decline of 0.9 percent percentage points from the previous rolling...
25% of UK companies are struggling with managing pay increase requests
A recent joint survey conducted by HR technology provider BrightHR and business advisory firm Peninsula Group has unveiled that a significant quarter of UK companies are grappling with the management of pay increase requests from their employees. The study also...
Lufthansa strike disrupts plans for 200,000 passengers
Up to 200,000 Lufthansa passengers are set to face travel chaos as ground staff, represented by the Verdi union, initiate a short-notice strike. The walk-out, involving 25,000 union members, is scheduled to commence at 4 am on Tuesday, February 20, and conclude at...
UK wage growth slows, but maintains edge over rising prices
Wage growth in the British job market has experienced a slowdown, yet it continues to outpace the increase in prices, according to official figures released by the Office for National Statistics (ONS). In the last three months of 2023, pay, excluding bonuses, grew by...
Reward Analysis
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...
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...
Jennifer Liston-Smith: New Benchmark for Parental Leave Policies
The biggest driver of parental leave policies is the competition for talent. So said 54 per cent of respondents to a new benchmarking survey conducted by Bright Horizons / My Family Care in partnership with HRreview. The just-launched Benchmark report provides...
Ann Marie Bell: Unconscious bias of bonuses
Company bonus schemes are designed as an incentive that every employee can look forward to throughout the year. If a business is on track to reach its targets for the year, those that have hit their targets will be fortunate enough to gain a lump sum as a thank...
Simone Martorina: Imagining workplaces for the millennial workforce
The workplace of today is undergoing an invisible revolution – and the era of the 9.00 to 5.00 working day is becoming a thing of the past. Employees are increasingly customising their hours and taking advantage of flexible working practices; staff are increasingly...
Andrew Secker: Embracing the new retirement
With UK workers living and working longer, we are beginning to see many looking for a new type of retirement. According to a recent survey of workers aged 50 or over, half wanted to gradually wind down to retirement. The survey found 70 per cent of respondents said...
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