Reward management

Index here items on reward strategy and remuneration, pay structures, pay policy and practices, salary and payroll administration, total reward, minimum wage, executive pay and team reward.

Posts

    Directors’ pay keeping pace (in brief)

    UK directors’ pay is at a similar level to other Western European countries after taking account of tax and the cost of living, according to a survey by the Monks Partnership. The best-paid directors work in Switzerland...

    Hostages ‘were underpaid’ (in brief)

    According to industry commentators, this figure is well below average for such a difficult project. Granger Telecom, the hostages’ employer, was last week reported as saying that the deal was worth the kidnap risk,...

    Nurses may quit over pay (in brief)

    A survey of more than 2,000 nurses showed that one in five had second jobs and almost three-quarters said they would not recommend nursing as a career. In its evidence to the Nurses, Midwives and Health Visitors’ Pay...

    No such thing as a free lunch (in brief)

    It argues that thousands of lower-paid workers offset small wage packets with the benefit of vouchers. The Department of Social Security recently announced plans to levy national insurance on all but 15p of the daily value...

    Pension managers failing to prepare for euro launch

    People responsible for managing pension funds are failing to prepare for economic and monetary union (EMU). Too many are either unaware of how the euro will affect them, or believe that it is irrelevant because the UK is...

    Engineering pensions

    A third of the 754 respondents would use the introduction of stakeholder pensions to create hybrid pensions combining final-salary and money-purchase schemes. Many larger firms want membership of their scheme to be a condition...

    Answers on the minimum wage

    Incentive pay and profit-related pay will count towards the national minimum wage. In a written answer to a parliamentary question, Helen Liddell, the former economic secretary, said that the government had made the decision...

    Pay reviews ‘won’t avert jobs crisis’

    Concerns over recruitment and retention in understaffed hospitals and schools have tempered initial jubilation at the chancellor’s spending review. While his decision to award more money to health and education than...

    A national minimum pension? (in brief)

    Everyone should be guaranteed a minimum weekly pension of £150, comprising a basic state pension and any stakeholder or occupational pension, according to public-sector union Unison. In cases where the amount falls...

    Cafeteria package widens menu for older employees

    The Employers’ Forum on Age believes that a flexible benefits package, introduced at the Financial Services Authority (FSA) last month, will increase the likelihood of firms employing a mixed-age workforce. FSA employees...