Reward News
UK sees higher retirement age rise than USA
A new study conducted by AgeCalculator.com has unveiled significant insights into the global trends in retirement age increases between 2000 and 2020, based on data from the Organisation for Economic Cooperation and Development (OECD). The United Kingdom has...
P&O boss admits paying crew £4.87 per hour
In an admission before Members of Parliament, Peter Hebblethwaite, the CEO of P&O Ferries, acknowledged his inability to subsist on the meagre wage of £4.87 per hour, a wage some of his crew members are paid. This revelation comes amidst mounting scrutiny over the...
Access to financial guidance from employers remains limited
A recent survey conducted by CloudPay, a global employee pay company, has shed light on the strong desire among employees for financial education and guidance from their employers. However, the study also highlights the concerning gap between this desire and the...
Advice for handling difficult pay rise conversations with employees
In today's dynamic job market, and with the ongoing cost of living crisis, more and more employers will be faced with difficult pay rise conversations with employees. While these conversations are often a sign of employee engagement and ambition, they also present a...
Median basic pay award falls to 4.8% in opening quarter of the year
New data shows the median basic pay award in the three months to the end of March 2024 dropped to 4.8% - a 0.2 percentage point decrease from the previous rolling quarter, finds the latest data from Brightmine. Around half (56.1%) of pay deals in the first quarter of...
Sunak vows to cut benefits from those who refuse job offers
Prime Minister Rishi Sunak has pledged to remove benefits for individuals who refuse job offers after 12 months of unemployment. Sunak, outlining his plans for welfare reform if the Conservatives secure victory in the next general election, emphasised that...
1 in 4 would take a pay cut for a sustainability role
New data unveiled by global job matching and hiring platform, Indeed, indicates a notable shift in priorities among UK workers towards roles that contribute positively to society and the environment. With 57 percent of respondents considering jobs impacting society...
Establishing fair pay policies in a hybrid workplace
With the rise of hybrid workplaces, it is crucial for organisations to establish fair pay policies. Not only does fair compensation create a healthy work environment, but it also supports diversity, inclusion, and employee satisfaction. Conducting a pay equity...
Which industries have had the highest pay increases?
Recent analysis of Office for National Statistics (ONS) earnings data by HR software provider Ciphr reveals which professions have experienced significant pay increases, which have struggled to keep up with inflation, and how these changes impact individuals'...
Carer loses £16,000 due to ‘honest mistake’ and faces DWP prosecution
Over 145,000 carers were asked to repay sums relating to earnings breaches last year, the DWP has said. Carer’s Allowance claimants have been found owing money to the Department for Work and Pensions (DWP) after surpassing the weekly earnings limit. Carer's Allowance...
Reward Analysis
Jon Rudoe: Council tax is going up: Why should HR care?
It has been a tough couple of years for our household finances. And budgets are about to get tighter, as council tax increases are confirmed across England. Rates for band D properties (which are used as the baseline for other band rates) are rising by an average of...
Chris Ronald: Building benefits that last longer than bank holidays
Bank holidays are an entitlement for most employees and something to be grateful for and with the extra day off for the King’s Coronation, plus another bank holiday approaching - a four-day working week has become the reality for many this May, says Chris Ronald. But...
Noura Dadzie: Why should salary transparency be high on every HR agenda?
For HR professionals, securing top talent that fulfils the needs of the business is of prime importance. So surely one would do all they can to attract the best candidates? They would craft inspiring job descriptions: lay out great benefits, offer flexible working,...
Steve Watson: How we prevent the cost-of-living crisis from impacting us for years to come
As the cost-of-living crisis gathers pace, financial pressure is forcing many to cut costs wherever they can. The fear is that this is spilling over to savings and pensions, storing up issues for the future, argues Steve Watson. Our recent research indicates that...
Ian Moore: How employers can help staff cope with the cost-of-living crisis
The cost-of-living crisis is already taking its toll on nine in every ten consumers (ONS) in the UK, and it does not look like it will be going away any time soon. In fact, the situation is only going to get worse as prices continue to go up while wages remain...
Heidi Thompson: Competition and cost of living mean employers must enhance their offer
Right now, the economy is changing very quickly and with the addition of a tight labour market and continued pressure from inflation, many companies are having to consider how best to attract and retain their employees, argues Heidi Thompson. With inflation now at 9...
Pete Hykin: How Salary Sacrifice can help your employees with the cost-of-living crisis
With the UK enduring soaring inflation, Pete Hykin explains how pensions and Salary Sacrifice schemes can be used to achieve some tax relief and aid workers' savings efforts. The UK is facing one of the worst cost-of-living crises in recent memory. Rising fuel prices,...
Dave Chaplin: Navigating Off-payroll one year on
Dave Chaplin reflects on Off-Payroll one year on and speculates on the legislation and its impact on the future for hirers and contractors. April 6th marked the first anniversary of the Off-Payroll legislation, the reforms that were rolled out in the private sector...
Chris Lorigan: How technology could make staff happier
Last year saw UK businesses hit by rising numbers of staff leaving their jobs voluntarily, writes Chris Lorigan, and many employers now face the prospect of more resignations and a hiring crunch. Almost 9 in 10 managers say their business has vacancies and more than...
Claire Christy and Christina Morton: What employers need to know about sick pay
Despite employers like Ocado and IKEA cutting sick pay for unvaccinated staff, write Claire Christy and Christina Morton, others should stop and think before they take that route. A new variant of pandemic-related challenges has hit the headlines this month. Several...
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