Tags: salary

42 per cent of organisations believe retaining talent will be the biggest challenge of 2013

This year’s Employee Rewards Watch Survey from Thomsons Online Benefits highlights the on-going financial demands that companies are under to control costs at a time when 34 per cent are finding basic pay more difficult to control than any other element of reward. According to Thomsons, pension and benefits spend typically accounts for between 9…

Final salary pensions shut at record rate in private sector

Final salary pensions in the private sector have closed their doors to new staff at the fastest rate on record, the National Association of Pension Funds (NAPF) said yesterday (Mon). Just 13% of final salary pensions were open to new joiners in 2012, a drop of a third from 19% in 2011, and the steepest…

For richer, for poorer: mixed messages emerge from marketing salary survey

82% of private sector marketers received pay rise in last 12 months Public sector marketers report pay freeze and poor promotion prospects Gender pay gap has virtually disappeared at all levels The latest marketing salary figures, released by The Chartered Institute of Marketing (CIM) *, reveal striking differences between the pay and rewards enjoyed by…

Financial services salaries rise in September 12, despite limited job availability

London Employment Monitor September 12 highlights: The number of available financial services job opportunities in London decreased from August 12 to September 12 by 19% Compared to September 11 this was also a drop of 43% The number of professionals entering the financial services hiring market dropped by 12% in September 12 month-on-month Comparing September…

Graduate starting salaries continue to rise beyond predicted levels

AGR survey also shows stabilising of graduate job vacancies · Average graduate starting salary rises to £26,500 · Employers estimate marginal decrease of 0.6% in graduate vacancies The average starting salary for graduates is set to rise higher than previously predicted, according to the Association of Graduate Recruiters (AGR), which published the summer edition of…

Working hours have increased for little extra reward, finds survey

Senior finance professionals are spending longer in the office this year than last, with over half of companies initiating pay freezes since 2011 The vast majority of senior finance professionals have experienced an increase in their working hours in the first half of 2012, yet salaries have hit a stalemate. Whilst 83% of respondents indicate…

Pay teachers according to performance, MPs propose

Schoolteachers’ pay should be tied to the value they add to pupils’ performance, MPs are to recommend Teachers’ pay should be more closely tied to the value they add to pupils’ performance so that the best are rewarded while the weakest are discouraged from staying in the profession, MPs on the education select committee are…

Recession and unemployment stall salary levels across UK

Permanent salaries advertised in the UK have stalled, according to new data released by leading recruiter Office Angels and mysalarychecker.com*. The statistics reveal a marginal decrease (-0.14%) in the average advertised salaries for all general staffing roles, compared to last month.   Continually high levels of unemployment mean that demand for roles is fierce across…

Webb offers alternative to final salary pension

Plans for private sector workers to have guaranteed pension pots have been proposed by Steve Webb. The Pensions Minister wants employers to offer an alternative to the final salary arrangement, which has now largely been discarded in favour of defined contribution schemes. Webb has reportedly begun discussions with large companies to introduce “defined ambition” pensions.…