Reward News
Majority of employees do not want to choose their own workplace pension
In a recent survey conducted by the Pensions and Lifetime Savings Association (PLSA), it has been found that over two-thirds of employees express a strong preference for their employers to select their workplace pension provider. The study sheds light on the...
City’s financial services job market experiences sharpest decline since 2008 crisis
The financial services job market in the City of London faced its most rapid decline since the 2008 financial crisis, as revealed by a recent survey conducted by leading recruitment firm Morgan McKinley. In the fourth quarter of the previous year, the City witnessed a...
Only 50% of companies have a financial wellbeing strategy, despite cost-of-living crisis
In the face of a relentless cost-of-living crisis, a new report reveals that only half of UK companies have implemented a financial wellbeing strategy for their employees. The "Spotlight on UK Financial Wellbeing" report, conducted by Close Brothers Asset Management’s...
Salaries of FTSE 100 CEOs already surpassed the average annual salary
The median earnings of FTSE 100 CEOs for the year 2024 have already exceeded the average annual salary for a full-time worker in the UK, according to research conducted by the High Pay Centre (HPC). The HPC estimates that top CEOs outearned the median annual salary...
New research urges midlifers to make retirement a priority in 2024 resolutions
As the New Year dawns, many individuals are setting resolutions centred around health and well-being. However, Phoenix Group's longevity think tank, Phoenix Insights, advocates not overlooking financial goals, especially long-term objectives that often take a backseat...
50% of UK workers rely on debt to finance Christmas
A recent survey conducted by Perkbox, the global rewards and benefits platform, has unveiled that almost half of the UK workforce, accounting for 47 percent, is planning to finance their Christmas festivities through debt this year. The study, which included responses...
44% of UK businesses struggle to match competitors’ pay and benefits package
A recent survey by XpertHR has unveiled the challenges faced by UK businesses in attracting and retaining skilled workers, as 44 percent struggle to match competitors' pay and benefits. The fight for skilled talent intensifies, with poor quality applicants (78%) and...
Minimum wage set to increase to £11.44 per hour
The National Living Wage, commonly referred to as the minimum wage, will see a significant boost to £11.44 per hour starting April next year, marking an increase of over £1. This rate, currently standing at £10.42 per hour for individuals aged 23 and above, will now...
Majority of companies fail to tailor employee benefits to demographics despite staff requests
In a recent study conducted by Towergate Health & Protection, it has been revealed that a staggering 75 percent of companies do not tailor their employee benefits to different demographics within their workforce. This comes in stark contrast to the fact that 61...
Which countries have the highest amount of annual leave?
These are the European countries providing the most generous statutory holiday entitlement across the continent. Would you consider moving for more annual leave? Global HR experts Remote believe holiday entitlement is an essential factor for assessing employee...
Reward Analysis
Cain Ullah: Culture – the key to creating a Best Company to Work For
Red Badger kicked off 2018 by becoming a Sunday Times Best Small Company to Work For. Cain Ullah discusses how building a company culture by listening to employees is the key to attracting and retaining the best talent in an incredibly competitive industry. Talent in...
James Walsh: How can employers help their staff to engage in workplace pensions?
Pensions have always been an integral part of employee engagement programmes. James Walsh from the PLSA discusses how HR can help to engage their staff in workplace pensions. Staff engagement in workplace pensions is generally low for a number of reasons. People might...
Jason Brannan: The new wave – rise of the Employee Relations Officer
Everyone has heard of Human Resources, it’s a job role we’re all familiar with. In the past, this role revolved around policy and process, rather than getting involved deeper into the business itself. Nowadays however, the HR function is no longer an administrative...
Dawn Sowerby: Want to engage your people? Start with redesigning HR
Dawn Sowerby, Transformation Director at the Aster Group, will be discussing successful engagement strategies at Symposiums leading engagement conference in March. Here she discusses the link between HR and engagement. Warning: tough message follows…HR is no longer...
Isaac Getz: The French paradox: How France is ‘liberating’ its employees
Within a liberated company, employees enjoy freedom to take any action that they—not their supervisors or procedures —decide are the best for the company’s vision. Professor Isaac Getz discusses freedom and leadership at work. France is all about Liberté, Egalité,...
Andrew Hulbert: A Case Study – Implementing an employee engagement strategy to aid start-up
Andrew Hulbert from Pareto Facilities Management discusses how his company has achieved an effective and successful employee engagement strategy using ‘Pareto personality’. n August 2014, aged 27, I left my job of six years and set up a new facilities services...
Cathy Brown: Human Resources, or Human Beings?
Cathy Brown, Director at Engage for Success, discusses the role of Human Resources in employee engagement. Research shows that organisations with high levels of employee engagement are more efficient and effective, and that highly engaged employees: • are more...
Karen Plum: Six factors to engage employees in the ever-distracted working world
How can we engage employees in the ever-distracted working world? Karen Plum from Advanced Workplace Associates delves into vision and goal clarity, social cohesion, and more. With the amount of surrounding distractions - mainly due to technology in one way or another...
Jo Sellick: Business leaders must set an example to boost employee engagement
Leading by example should be a priority for HR managers looking to integrate an employee engagement strategy and give staff a voice. Jo Sellick from Sellick Partnership discusses more. The cornerstone of any successful business is an engaged workforce and, as...
Barry Cullen: How employee engagement improves diversity
Diversity is a valuable part of any employee engagement programme, and it is important that HR know how to make the two work together. Barry Cullen from RICS discusses more. The value of diversity RICS recently conducted some research that found only 63 per cent of...
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