Tags: Low Pay Commission

Minimum wage creeps up 1.8 per cent

The National Minimum Wage will increase by 1.8 per cent from October 2012, but youth rates will remain unchanged. The Government has accepted the Low Pay Commission’s (LPC) recommendation to raise the adult wage from £6.08 to £6.19 an hour. Youth rates will stay at £4.98 for 18–20 year olds and £3.68 for 16–17 year…

Majority of workers believe pay gap is too big

Employers hoping to boost equality in the workplace could start by examining pay policies within their organisation. A new survey by the Institute for Public Policy Research (IPPR) has shown that two-thirds of UK workers are unhappy about the pay gap within their company. Some 78 per cent of those questioned said they would support…

Graduate starting salaries to fall in  real terms for third straight year

Starting salaries for graduates are projected to decline in real terms for the third consecutive year in 2011 according to the latest report into graduate pay and progression by Incomes Data Services. IDS explains that the rising cost of living (as measured by RPI) means that graduates entering the workforce this summer will find themselves…

Working mothers are often forced to accept lower paid jobs so that they can care for their children, a new report finds. Despite the flexible working policies of many larger businesses, women often have to accept jobs below their skill levels in order to balance work and family life – leaving them overqualified and underpaid.…

New statistics show that private sector wages have fallen further behind inflation in Britain than anywhere in the industrialised world except Mexico, Turkey and Iceland as the recession bit last year. The Organisation for Economic Co-operation and Development, based in Paris, said the gross average wage in Britain increased by 0.5 per cent to £33,745,…

An EU ruling on voluntary benefits and salary sacrifice could cost employers £0.5 billion in unpaid VAT. According to law firm BDO, the opinion of the Advocate General of the European Court of Justice (ECJ) in the case taken by AstraZeneca (AZ) on the VAT treatment of retailer vouchers, provided by AZ to its employees…

New rules meaning staff must pay 50p tax on every pound they earn in excess of £150,000 have come into effect This is in addition to the ‘anti-forestalling’ rules potentially restricting higher rate tax relief on pension contributions for those with an income in excess of £130,000. Many more employees will be affected by the…

Comparisons between average earnings in the public and private sectors are mostly inappropriate, due to the very different workforce profiles of the two sectors.  The term ‘counterparts’, frequently used in making comparisons between them, is not really appropriate, since the public sector is not only smaller in size, but contains a far higher proportion of…

The Trades Union Congress (TUC) is preparing to update its enforcement guide on the national minimum wage (NMW) after research revealed there are 1.5 million employees who are not receiving the correct level of pay. According to the TUC, the Enforcing the National Minimum Wage guide will help unions and advice agencies to search out…