Search Results for: pay ratio

COVID-19 has contributed to the gender pay gap

COVID-19 has contributed to the gender pay gap

womenAccording to new research by the ADP Research Institute, People at Work 2021: A Global Workforce View, women are being left behind when it comes to being rewarded financially for taking on new roles or additional responsibilities to fill gaps left by COVID-19 related job losses. More →

Over two-thirds of employers are considering pay cuts for remote workers

Over two-thirds of employers are considering pay cuts for remote workers

pay cutsA new survey by CIPHR claims that over two-thirds (68 percent) of British businesses are contemplating pay cuts for staff who opt to work from home, despite many (53 percent) saying they’ve actually saved money by having more remote workers. More →

UK tech workers prefer better work-life balance to a pay rise

UK tech workers prefer better work-life balance to a pay rise

work-life balanceWhen it comes to job satisfaction, Denmark tops the list of the best places to work in digital in Europe – beating the UK, Germany and France – according to the 2020 Digital Talent Global Work Happiness Index. The Nordic country scored highly for work-life balance, family-friendly working models, purpose, personal safety and personal impact, which describes how much impact an individual feels they are making to their business.  More →

Commercial tenants will be protected from eviction if they cannot pay rent

Commercial tenants will be protected from eviction if they cannot pay rent

Commercial tenants who cannot pay their rent because of coronavirus will be protected from eviction, the government has announced. Many landlords and tenants are already having conversations and reaching voluntary arrangements about rental payments due shortly but the Government says that it recognises businesses struggling with their cashflow due to coronavirus remain worried about eviction. More →

Flexible offices are not just an issue for the next generation

Flexible offices are not just an issue for the next generation

flexible officesFor as long as I have been in the industry, workspace has focused on the “next” generation whether that has been the overly-discussed millennials or Gen-Z.  As it has grown, the market for flexible offices has inevitably followed the same path, but in doing so its providers could have taken their eyes off the ball by lacking focus on the most cash-rich and flexible generation of all – Generation X. More →

Does an employee representative on the board mean reduced CEO pay?

Does an employee representative on the board mean reduced CEO pay?

Having an employee representative on the director’s board has absolutely no impact on reducing the pay level of the company’s CEO, according to research from Vlerick Business School. This research claims that contrary to the belief that employee representation on the board reduces high profit margins and greater controls the remuneration of CEOs, giving more ownership and finances to a company’s employees. More →

New generation prefer technology to face-to-face negotiation

New generation prefer technology to face-to-face negotiation

Digital negotiationYounger decision makers are increasingly relying on technology such as emails, video conferencing and WhatsApp in negotiations with suppliers, rather than speaking to them face-to-face, new research from Barclaycard Payments has claimed. Despite supplier negotiation being regarded as an ‘art’ by seven in 10, many said it will increasingly be conducted digitally over the next five years (68 percent). More →

Majority of organisations remain unprepared for executive pay gap reporting

Majority of organisations remain unprepared for executive pay gap reporting

Three-fifths of UK organisations are still not ready to report their executive pay gap almost twelve months after the legislation came into force, claims a new poll by HR services provider MHR. This year UK listed companies with more than 250 employees are, for the first time, obliged to publish the pay ratio between their CEO and “average” employees in early 2020 and explain the reason for their executive pay ratios. More →

Executive pay at major firms will today exceed entire 2020 pay for average worker

Executive pay at major firms will today exceed entire 2020 pay for average worker

executive payThe average FTSE 100 boss will have already earned as much by 5pm today as a typical employee will take home this entire year. According to the analysis from the CIPD and the High Pay Centre, those leading Britain’s biggest companies earn 117 times more than the average worker. The CIPD and High Pay Centre are calling on businesses not to treat the new reporting requirements on executive pay as a ‘tick-box’ exercise and to use it as an opportunity to fully explain CEO pay levels. They also highlight the need for firms to provide a clear rationale for why CEOs are paid what they are and what is being done to address the issue of fair pay in their organisation more broadly. They consider this an important step to help build trust in business amongst employees, wider stakeholders and society. More →

A quarter of workers would accept a significant pay cut to work in an eco-friendly role

A quarter of workers would accept a significant pay cut to work in an eco-friendly role

workers willing to take pay cutRising interest in climate change among the UK population has now reached such a level that our desire to take action is impacting our careers – with over a quarter of workers (26 percent) willing to take a salary cut in order to move to an environmentally conscious company or an NGO (non-governmental organisation), according to a new survey from TotalJobs. An additional 28 percent said they would consider quitting their job to work with for an organisation they considered to be more environmentally friendly than their current one, a figure that jumps to 50 percent when applied to millennial workers, aged between 23 and 38. More →

Manifesto calls for action on disability inclusion as pay gap for disabled people widens

Manifesto calls for action on disability inclusion as pay gap for disabled people widens

two people talking to illustrate the issue of disability inclusionA leading non-profit disability and business organisation is calling on the future Government to commit to a series of actions to support businesses to deliver on disability inclusion. Business Disability Forum published its ‘Manifesto for Inclusive Change’ today (3 December) to mark the United Nations International Day of Persons with Disabilities. The manifesto calls for action in seven areas to ensure that the role businesses play in disabled people’s lives is enhanced, not inhibited, by government policy. To read Business Disability Forum’s ‘Manifesto for Inclusive Change’ go to www.businessdisabilityforum.org.uk . Follow the debate at #DisabilitySmart. More →

The growing problem of work separation anxiety

The growing problem of work separation anxiety

While it’s stated full-time working hours in the UK should be around 38-40 hours per week, today’s hyperconnected world means it’s easier than ever to be ‘on the clock’ outside this timeframe. Constant access to emails and the corresponding ‘telepressure’ to respond quickly to customers and colleagues means the line between ‘work time’ and ‘me time’ is blurred. This has led to the coining of a new term for the rising epidemic of stress linked to this need to be connected to work. It’s called work separation anxiety.

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