Search Results for: pay ratio

Pay equality and benefits key considerations for future of flexible working

Pay equality and benefits key considerations for future of flexible working

flexible workingAround half of UK workers polled in a new study, think that pay and benefits should be based on ability, regardless of where an employee is located. The Global Workforce Revolution report, published by Remote, claims to identify the key priorities for companies looking to extend remote and flexible working practices as a result of the Covid-19 pandemic. More →

Job fulfilment, not pay, motivates Generation Y talent

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Today’s 20-to-30-something workforce, representing the management class of the future, values job fulfilment over financial reward, according to research by the iOpener Institute, which analysed responses from over 18,000 professionals. The study shows that Generation Y, the digital cohort born after the early 1980s, are motivated to stay with their employer, and to actively recommend their organisation to friends, by the level to which they are fulfilled in their job, rather than their levels of pay. More →

A large pay gap between business leaders and staff is bad news for businesses

A large pay gap between business leaders and staff is bad news for businesses

Employees may be less productive and have more negative emotional experiences at work when there is a large pay gap between them and those in leadership rolesEmployees may be less productive and have more negative emotional experiences at work when there is a large pay gap between them and those in leadership roles, a new study shows. The ‘vertical pay gap’ between leaders and other employees has been found to have risen markedly over the past five decades. More →

A new generation of workplace apps is transforming people’s experience of work

A new generation of workplace apps is transforming people’s experience of work

These days, workplace apps promise a much more sophisticated experience, which can be accessed in the palm of your handDisseminating information about a building to the people who occupy it has come a long way from a basic, intranet desktop interface with warnings about wet floors or notices about charity fundraising. These days, workplace apps promise a much more sophisticated experience, which can be accessed in the palm of your hand. Gartner has a useful definition of workplace apps’ capabilities, stating, “They are used to explore and reserve workspaces, navigate the workplace, find colleagues, plan the best days to attend the workplace, access services and ensure that employees could feel safe in a future post pandemic workplace.” More →

If you want a high paying job, remote work is now less of an option

If you want a high paying job, remote work is now less of an option

According to the latest data from the careers website Ladders, the availability of remote positions with salaries exceeding $200,000 has seen a drastic reduction. The High Paying Jobs Competition Index, a report by Ladders, indicates that only 12 percent of such jobs are now available remotely, a steep decline from the 37 percent recorded in the third quarter of 2022. This trend is evident across both technology and non-technology sectors. More →

Sick pay reform should encourage people back into work, government claims

Sick pay reform should encourage people back into work, government claims

A parliamentary committee of MPs has called for a 'long-overdue' boost to statutory sick payA parliamentary committee of MPs has called for a ‘long-overdue’ boost to statutory sick pay (SSP), emphasising the need to strike a delicate balance between workers’ wellbeing and employers’ financial constraints. The Work and Pensions Committee has recommended aligning the SSP rate with the flat rate of Statutory Maternity Pay, a move that they say could significantly improve the financial safety net for workers. More →

Many people would forgo a pay rise in favour of flexible working

Many people would forgo a pay rise in favour of flexible working

espite attractive flexible working policies outweighing the need for increased remuneration, the research - conducted by PayFit - claims that a sizable 83 percent of those surveyed felt improvement was needed to their current workplace’s flexible working policiesA new poll claims that nearly 50 percent of respondents would reject a substantial 15 percent pay increase if it meant forfeiting workplace flexibility, even in a challenging financial climate. Despite attractive flexible working policies outweighing the need for increased remuneration, the research – conducted by PayFit – claims that a sizable 83 percent of those surveyed felt improvement was needed to their current workplace’s flexible policies. More →

Exploring the gender pay gap in Germany: a closer look at salary inequality

Exploring the gender pay gap in Germany: a closer look at salary inequality

This article explores the gender pay gap in Germany, investigating the underlying factors and possible remedies to tackle the problemIn Germany, just like in numerous other nations, the gender pay gap remains a subject of significant worry and discussion. The persistent issue of unequal pay between men and women, where women frequently earn less than their male colleagues for the same job, persists. This article seeks to explore the gender pay gap in Germany in more detail, investigating the underlying factors that contribute to this gap and considering possible remedies to tackle this problem. More →

Generations in the workplace: setting the record straight

Generations in the workplace: setting the record straight

A middle aged man and a younger male colleague sit in comfortable chairs having a conversation to illustrate a conversation between generations of workersIf there were an algorithm to create a word cloud in response to searches for ‘What millennials want in the workplace?’, you’d expect to see Google spew out terms such as ‘flexibility’, ‘meaning’, ‘fairness’, ‘equality’, ‘inclusivity’, ‘opportunity’, ‘connections’, ‘socialising’ and ‘experience’. Do the same with ‘Gen Z’ replacing ‘millennials’ and – guess what – you’ll see the exact same word cloud, although perhaps in a different colour and order so you don’t think it’s based on the same homogeneous assumptions about younger generations. More →

Unlocking the digital frontier: hiring the next generation of tech talent

Unlocking the digital frontier: hiring the next generation of tech talent

Any business that is looking to grow its consumer base or expand into new markets is likely to be relying on digital technology to a greater extent than ever before both in their operations and management. This also means that the world of employment, both for workers and enterprises, is necessarily evolving too. An inevitable consequence of this evolution has been that those for whom technology has been an essential part of their life and education — so-called digital natives — are in growing demand. More →

Is the growing number of working mums a cause for celebration or concern?

Is the growing number of working mums a cause for celebration or concern?

working mumsWorking mothers are a resilient group, accustomed to juggling work responsibilities and family time with aplomb. Such was the conclusion in a report from McKinsey last year. But the day-to-day challenges they face can severely test that resilience. The proportion of working mums in the UK has just matched the highest ever recorded figure. In the three months to June, 75 per cent of women with dependent children were in employment, according to the Office for National Statistics. By comparison, 93 per cent of fathers were in employment during the same period. More →

Work-life balance more important than pay for two thirds of people

Work-life balance more important than pay for two thirds of people

work-life balanceRising inflation and the UK’s cost-of-living crisis have put a lot of pressure on employers to increase wages and starting salaries this year, but a new survey suggests that there’s something that employees value more than pay – work-life balance. HR and payroll software provider CIPHR polled over 1,000 UK workers to find out which job aspects matter most to them. Based on the results, over two-thirds (70 percent of women and 65 percent of men) see work-life balance – albeit a term that can mean different things to different people – as being more important than their pay and employee benefits combined (selected by 60 percent of women and 57 percent of men). More →