Search Results for: salary

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 →

Flexible working takes a back seat to salary as inflation bites

Flexible working takes a back seat to salary as inflation bites

flexible working and salarySalary is now the most important factor (40 percent) for those looking to make a move as cost-of-living crisis squeezes budgets, claims a new survey from Michael Page. In a week in which UK wage growth was shown to still lag behind the cost of living, the poll suggests that salary is now the number one priority for workers, with flexible working seen as less important. The survey of 2,000 UK office workers claims that over a quarter (28 percent) are currently on the hunt for a new job, rising to 43 percent among those aged 18-34. This points to hopeful times ahead for businesses seeking talent, with recent ONS figures showing that open job vacancies hit a record 1.3m between November and January. More →

Earned wage access partnership between Sage and Flexearn helps people take control of their salary

Earned wage access partnership between Sage and Flexearn helps people take control of their salary

earned wage accessEarnings on demand company, FlexEarn has agreed a partnership with payroll technology leader, Sage, to provide a new Earned Wage Access service to UK businesses using Sage Payroll software, supporting responsible financial wellbeing for employees. Available now via Sage Business Cloud Marketplace, the app allows employees to withdraw a portion of their salary in advance of their regular salary payment date, helping them budget more easily and with less stress. More →

Job security and flexibility now more valuable than salary

Job security and flexibility now more valuable than salary

job securityAround a half (51 percent) of employees believe job security and flexibility (40 percent) are more important than salary (32 percent) when considering whether to remain at their current employer, according to a new report by UK law firm, Winckworth Sherwood. More →

Salary tops employee priority list as UK workers focus on self-preservation

Salary tops employee priority list as UK workers focus on self-preservation

salaryAs businesses attempt to stay afloat amid the fluctuating circumstances in the UK, research claims that UK employees are increasingly placing salary packages as the most important factor when it comes to career management. The research by SD Worx, examined what employees in Belgium, Germany, France, the Netherlands and the United Kingdom consider important in the context of their work. More →

UK adults prioritise workplace culture over salary

UK adults prioritise workplace culture over salary

Glassdoor  has released a new survey that claims to measure sentiment around mission and culture in the workplace, along with the level of importance of both. Glassdoor surveyed over 1,000 adults in the UK (and a further 4,000+ in U.S., France and Germany) and, among key findings, claims  77 percent of people would consider a company’s mission and purpose before applying for a job there, and 57 percent say workplace culture is more important than salary when it comes to job satisfaction. More →

Female graduates have lower salary expectations than male counterparts

Female graduates have lower salary expectations than male counterparts

Female graduates have lower salary expectations than men

Impostor syndrome is holding female graduates back from earning as much as their male counterparts as new research from Milkround claims that women have lower salary expectations than men, with one third thinking they’ll earn under £20k. Despite a third of graduate’s belief that confidence is the top skill they need to excel in their career, a lack of confidence is holding back more women (41 percent) than men (28 percent). One in three (33 percent) women are worried about low pay and think they’ll earn under £20k in an entry level role, compared to less than a quarter (22 percent) of their male counterparts. More →

Future prospects rather than salary is the main motivator for employees

Future prospects rather than salary is the main motivator for employees 0

Carrot and stickNearly a third of workers are planning to quit their jobs this New Year, with most workers wanting to move because of poor future prospects. According to a poll conducted by the Institute of Leadership & Management (ILM) over a quarter (26  percent) said that lack of opportunity is the main reason they want a new job, while 17 percent say they are moving because they want more appreciation. A quarter are so desperate to leave that their current company could do nothing to keep them on; with 27 percent saying they wouldn’t stay where they are no matter what the company offered them.  Financial reward is a low motivator, as only 15 percent of people say they want to move to get a better salary. Over a third of employees have been so fed-up that they have left without a new role to go to, with 34 percent of those who left their jobs in 2015, doing so without lining up a new job.

More →

Third of Millennials more engaged by contributing to company vision than a high salary

Third of Millennials more engaged by contributing to company vision than a high salaryThe younger generation of workers say high visibility and the chance to help influence the workplace culture is of much more importance than the size of their pay packet. When asked by US-based firm Futurestep what matters most to them as employees, the greatest number of Millennial respondents – those born after 1980 – (23%) said it was “the ability to make an impact on the business,” followed by “a clear path for advancement” (20%) and “development and ongoing feedback” (16%). Income came in at fourth place at 13 percent. When questioning what makes Millennials choose one job over another, more than a third (38%) said “visibility and buy-in to the vision of the organization” while 28 percent said “a clear path for advancement.” “Job title and pay” came in third place at 18 percent.

More →

Staff would forgo a higher salary to feel more valued by their employers

Staff would forgo a higher salary to feel more valued by their employersEmployees would give up a higher salary if it meant they could work for an employer that regularly thanks its employees for their efforts. Nearly three quarters workers stated that employee benefits were more attractive than a pay rise, with 71 per cent preferring to work for an employer that offered an effective benefits and rewards package, than take a job with a higher salary. The research conducted by One4all rewards, found that improved benefits can increase an employee’s loyalty to the company, with 68 per cent of those surveyed stating that being regularly thanked for their efforts would be rewarded with loyalty to their employer, and 34 per cent claiming they would be very unlikely to leave a position if they were shown regular appreciation and praise. In addition, a work place that failed to offer or show appreciation for staff members would fail to attract new employees – as 17 per cent stated they would turn down a job offer if no employee benefits were in place.

More →

Two in five people say they aren’t paid enough to make ends meet

Two in five people say they aren’t paid enough to make ends meet

A new report from Indeed, released two weeks ahead of the UK General Election, suggests that more than 2 in 5 (42 percent) Brits are struggling to make ends meet. According to the survey of over 2,000 British people, those in the North East of England feel most comfortable, with less than a third (32 percent) struggling, while almost half (48 percent) of those in Scotland say their pay isn’t keeping pace.  More →

The fastest growing job occupation in the US isn’t what you think it is

The fastest growing job occupation in the US isn’t what you think it is

a new report argues that AI cannot replace every job occupation, and the latest data from the US labour market proves itThe rise of artificial intelligence and its impact on the job market has raised concerns around the world, with some predicting that up to 85 million jobs would be replaced with automation and AI. However, a new report argues that AI cannot replace every job occupation, and the latest data from the US labour market proves it. According to data presented by Stocklytics.com, home health and personal care aides are expected to be the fastest-growing occupation in the United States in the near future, with more than 800,00 new jobs by 2032. More →