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15 Mar 2017
Brexit and pay optimism
By Charles Cotton, CIPD Performance and Reward Adviser In my last blog, I looked at whether there was a relationship between whether people felt optimistic or pessimistic about the future in light of Brexit and whether they had a pay rise in 2016. In this blog, I’ll look at whether optimism or pessimism about Brexit is linked to pay expectations for 2017. Interestingly, those private sector staff who are pessimistic...
7 Mar 2017
What happened to wages in 2016?
Charles Cotton, CIPD Performance and Reward adviser Despite economic growth in 2016, only slightly more employees got a wage increase in 2016 (53%) than did in 2015 (51%), according to the CIPD’s latest Employee Outlook focus on pay and pensions. While the proportion of private sector staff enjoying a pay rise has remained stable between December 2015 and December 2016 at 52%, the percentage of public sector...
3 Mar 2017
Pension re-enrolment – knowing the facts
Angela Bell, The Pensions Regulator Every three years certain members of staff must be put back into an automatic enrolment pension scheme. This is called ‘re-enrolment’ An employer’s duties will vary depending on whether they have staff to re-enrol or not. Either way, they will need to complete a re-declaration of compliance to tell The Pensions Regulator (TPR) how their duties have been met. ...
17 Nov 2016
Financial well-being: making a difference
By Charles Cotton, CIPD Adviser, Performance and Reward This week, the CIPD has been supporting the UK’s first financial capability week . The aim of this programme of events is to raise awareness of the importance of financial capability, what ...
11 Nov 2016
Executive Compensation: Adhering to the highest professional principles in a difficult world
By John Lee, Managing Partner FIT Remuneration Consultants Since 2009, all of the leading firms of advisors to Remuneration Committees have, on behalf of their individual consultants, signed up to a Code of Conduct that sets out both a number of high...
31 Oct 2016
The living wage: boosting employee well-being
Today marks the start of Living Wage week. Living Wage week has been going for a number of years and was established to celebrate the achievements of the Living Wage movement, to announce the new hourly UK and London Living Wage rates, and to raise a...
12 Aug 2016
Financial well-being needs to become part of a well-being at work strategy
By Monica Kalia The well-being at work agenda has gathered momentum among employers and policymakers since Dame Carol Black published her pioneering report, Working for a Healthier Tomorrow , in 2008. Calling for a “new approach to health and work in Britain”, in which the promotion of good well-being is a fundamental component, the report concluded that the issues surrounding health at work are not...
13 Jul 2016
Brexit and pensions
By Charles Cotton, Performance and Reward Adviser The prominent Brexit campaigner, and now Foreign Secretary, Boris Johnson has a reputation for having a Greek or Latin quote for most occasions. I’m sure that he’d be familiar with the say...
13 Jul 2016
Brexit: Standing up against race hate
The CIPD is supporting a campaign by the EHRC to encourage employers to show leadership in challenging intolerance and to ensure those experiencing workplace racism feel supported. David Isaac, Chair of the EHRC, talks more about this campaign in his...
29 Jun 2016
An age of uncertainty
Deborah Moon, Reward blogger Whether you were a “remainer” or “leaver”, probably one thing we would all agree upon is that we are now entering a period of considerable uncertainty, not least in economic and employment terms. The worldwide volatility in the stock markets, significant fall in the value of the pound and downgrading of the UK’s credit ratings will impact on both organisational...
27 Jun 2016
Brexit: the implications for reward
By Charles Cotton, CIPD Adviser for Performance and Reward Last week the UK narrowly voted to leave the EU. There are many questions now being asked about what our future might hold, but what are the possible consequences for reward and HR of this de...
26 May 2016
Socialising executive pay setting
By Professor Stephen J. Perkins, London Metropolitan University Click here for an audio version if you prefer to listen instead of reading “Some of Britain’s largest companies are preparing for a summer of tense consultations on executive...
3 May 2016
Benefit cuts v National Living Wage
By Glen Jenkins, former CIPD Reward Examiner In response to the government’s policy on the National Living Wage (NLW) a string of retail companies have hit the press because they have sought to partially offset the cost of the NLW by cutting em...
20 Apr 2016
Tax, transparency and remuneration committees
By Tony Hatton-Gore, Rewardhr Ltd The Panama papers have catapulted tax transparency into the headlines. Much has been made of the implications for politics and the EU referendum because of high profile individuals but I am concerned about the implications for the wider population and the role of employers. We have recently lived through an era of concern about the impact of income tax rates on incentivising or...
4 Apr 2016
The new state pension: what’s in it for employers?
By Charles Cotton, CIPD Performance and Reward Adviser The state pension changes on the 6th April and those that are entitled to it could get up to £155.65 per week, depending on their national insurance record. Unlike the old state pension, th...
1 Apr 2016
The success of National Living Wage depends on more businesses raising their game on productivity
By Charles Cotton, CIPD Performance and Reward Adviser Today’s introduction of the National Living Wage (NLW) will increase the pay of millions of the UK’s low-paid workers. Ultimately, though, it will only be judged a success if em...
22 Mar 2016
Pension well-being: how we can get more people saving more for their old age
By Charles Cotton, CIPD Reward Adviser Thanks to automatic pension enrolment, 66% of UK workers are now saving through a workplace pension scheme, according to our latest Employee Outlook: Focus on employee attitudes to pay and pensions . If we exclud...
26 Feb 2016
Great pay expectations
By Charles Cotton, CIPD Reward Adviser The latest Employee Outlook: Focus on employee attitudes to pay and pensions from the CIPD, finds that out of over 2,000 employees surveyed 51% of them got a pay rise in 2015. This figure is down slightly on the...
23 Feb 2016
The tipping point
By Alan Measures, Moog As any compensation professional can tell you, the most memorable part of the film Reservoir Dogs is not the mystery of who shot Nice Guy Eddie (the late Chris Penn), or Michael Masden's (Mr Blonde) dancing. The real ...
15 Feb 2016
The strategy and soul of the reward professional
By Duncan Brown, Head of HR Consultancy, Institute for Employment Studies Writing a PhD in reward strategy alongside of the day job for the past year or so has led me regularly to question the purpose and value of our roles and contribution as reward...
9 Feb 2016
Getting that team spirit – a more collective approach to reward?
By Deborah Moon, Reward blogger An item in the latest edition of People Management (February 2016) reported on the findings of a study conducted by researchers in the UK and Australia which suggested it makes better business sense to reward team perf...
5 Feb 2016
The future of work and its tie to the future of the HR profession
By Sara McAuley, World at Work Two HR professionals, one a pessimist and one an optimist, walk into their supervisor’s office. The supervisor asks, “What does the future hold for jobs as we know them today, and what effect will that ...
25 Jan 2016
It’s time to completely rethink reward
Clive Wright, Hyperion HR The recent past has been a time of significant turmoil in the reward environment. The financial crisis and subsequent slowdown in the global economy has meant no pay increase for many employees are several years; increasing costs of insured benefits has put pressure on their use; changes to pension risks and regulation; developments in the structure of executive compensation; a new generation...
7 Dec 2015
U-turns and the Citizens’ Wage
By Glen Jenkins, former CIPD Reward Examiner During the recent debate on welfare cuts and the government’s u-turn, I read some articles on automation. The onward march of technological innovation is leading us to the Automated Technological Revolution (ATR). The future we are told will include autonomous electric pods that will be at the centre of our new public transport systems. While you savour that for a...
10 Nov 2015
Generational change, reward and a fair society
By Tony Hatton-Gore, Rewardhr Ltd There is much evidence about changing attitudes of the workforce. Salary is still the top job consideration for the digital generation but it is less important to them than to previous generations; and they are much more concerned about interesting and challenging work, career opportunity and culture and less interested in salary. 1 When millennials were asked to name the factor...
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