Reward News
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...
UK state pension age projected to rise to 71
As the United Kingdom grapples with the challenges posed by increasing life expectancy and declining birth rates, experts suggest that the state pension age may need to be raised to 71 for middle-aged workers. Research indicates that the current trajectory of raising...
Over a third ready to quit jobs for 20% less pay as content creators
Recent research conducted by marketing experts at FATJOE has brought to light a remarkable shift in the working culture of Brits, indicating that a significant portion of the workforce is prepared to forgo the security of traditional employment for a chance at...
Pay settlements set to fall for the rest of 2024
UK employers are bracing for a decrease in basic pay increase expectations for the first time since the onset of the pandemic, according to the latest CIPD Labour Market Outlook. The report highlights the challenges faced by employers as they navigate the delicate...
Only 10% of U.K. employers can adequately demonstrate the value of their benefits packages
A staggering 90 percent of U.K. employers find themselves unable to adequately demonstrate the value of their benefits packages to employees, according to a recent study conducted by Buck, a Gallagher company, in collaboration with the Reward & Employee Benefits...
Bonus cuts: 68% of employees threaten to quit
The latest Robert Walters annual Salary Survey shows that over three-fifths (68%) of UK employees are considering quitting their jobs if they do not receive a year-end bonus this January. The survey, which tracks remuneration predictions for the upcoming year,...
76% of pay awards in 2023 higher than 2022 levels
New data released by XpertHR reveals that 76 percent of pay awards in 2023 were higher than those in 2022, as employers sought to address the ongoing cost-of-living challenges faced by employees. The median basic pay settlement for the whole economy in the three...
“Will I get paid extra?” – Navigating leap year challenges in HR
As the world anticipates the rare occurrence of a leap year, employers find themselves grappling with the perennial question: "Will I get paid extra?" This quadrennial anomaly is sending shockwaves through HR departments globally as they strive to address the complex...
Millions need to double their income to escape poverty
A recent report by the Joseph Rowntree Foundation (JRF) has shed light on the increasing difficulty of escaping poverty in the United Kingdom over the past two decades. According to the UK Poverty Report for 2024, the JRF reveals that 6 million of the poorest...
Reward Analysis
Aliya Vigor-Robertson: Keeping staff motivated and energised for 2019
Employee retention and engagement can be a pain point for many companies, especially at the start of a new year. January is always an extremely busy time for recruitment as workers look to make a change in both their professional and personal lives as well as fulfil...
A world of wellbeing: 4 characteristics of a good wellness initiative
According to a Deloitte study, a ‘lack of empowerment’ is one of the key reasons employees are leaving their jobs, with an alarming 2.7 million workers quitting every month. Thankfully, many companies are slowly beginning to realise employee retention is about so much...
Microsoft shows the way with paid-parental leave for subcontractors
In 20 years of business I’ve lost count of how many days, weekends, public holidays and even a couple of Boxing Days that I’ve spent or wasted on arduous, bureaucratic procurement exercises jumping through hoops to show a company that we can do the job for them and...
Glenn Elliott: Big AT&T versus their own pensioners. An ugly and uneven looking fight.
Pensions aren’t something you’ll find me writing about often but this story in the Wall Street Journal caught my eye. AT&T, the world’s largest phone company, has found it has overpaid a small number of its pensioners. And now it wants the money back. The problem...
Robert Ordever: Ditch the perks!
We’ve all seen it! Organisations that introduce yet another perk in an attempt to attract top talent or counteract a drop in staff engagement levels. These ‘quick fixes’ are intended to draw the very best employees and make existing staff happier, more loyal and...
Bruce Barclay: The role of the workplace in employee experience
The war for talent is being fought out across the business spectrum with major companies offering an ever-changing and tempting employee experience to recruit and retain the best people. The physical workplace is playing a key role in that battle, as it’s now required...
Dogs at work – are we missing a trick?
Charlotte Cooke-Vaughan, an HR consultant at law firm Cripps, celebrates the many documented benefits (wo)man’s best friend brings to the workplace. During the 18th century the benefit of animals in asylums was identified as helping to encourage “benevolent feelings”,...
How your work space can create a happy mind space
According to a new Bupa report published this spring, employee mental health is now a bigger concern for companies than physical health issues. Bupa has seen the number of people claiming on their health insurance for mental health treatment double in the last decade,...
5 ways to promote a better work-life balance
Many employees are living such a competitive fast paced lifestyle that they often do not take a moment to step back and realise how their lives outside work are being affected. Further to the results of a recent survey by Brookman Solicitors which revealed that 63%...
Vodafone Way of Care: embedded learning for a global workforce
How does a global organisation inspire new learning workplace habits for 80,000 busy staff? How can a company replicate classroom or online content for Millennial employees in high-pressure situations? That was the challenge for Vodafone’s learning and development...
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