Share     Fri 18 May 2012

Fair pay

NHS chief executive pay stalls

  Chief executive pay in the NHS has stalled at an average of £157,500 as a result of the Government’s salary freeze.   Figures from the Incomes Data Services (IDS) highlighted the end of the long-term trend of high wage growth in NHS boards.   The findings...

Graduates’ pay is lower than a decade ago

  Starting salaries for graduates are projected to have fallen to a nine-year low, according to findings from Incomes Data Services (IDS).   The rise in the cost of living, coupled with 90 per cent of employers stating that they will freeze pay for these employees in 2012, has...

Employment Case Law: Equal pay

The latest decisions from employment tribunals on the cases that matter to you

Equal pay Secretary of State for Justice (sued as national offenders management service) v Bowling [2012] All ER (D) 13 (Jan)   In August 2008, the employee (B) started working in a shared service centre operated by the prison service. Her job title was Service Desk User Support Team...

Workers’ pay falls by £60 billion in 30 years

  Workers are taking home £60 billion less than 30 years ago, according a report published by the Trades Union Congress (TUC).   In 1978 the wage bill in the UK represented 58 per cent of gross domestic product; it is now 53.8 per cent. This means that salaries, as a share...

Cameron risks Military Covenant over pay

  David Cameron has been warned about breaking the Military Covenant over pay and pensions.   There has been growing debate surrounding the issue of salary freezes in the armed forces and the planned one per cent cap on pay rises per year from 2013. However, the Daily Telegraph...

Government to “get tough” on pay

  The Government is to “get tough” on boardroom pay and may even legislate to curb “irresponsible” rewards, according to the Deputy Prime Minister.   Nick Clegg has announced the Coalition’s intentions to tackle excessive remuneration, with proposals...

Income disparity above average in the UK

  The gap between the highest and lowest paid has risen faster in the UK than in any other Organisation for Economic Co-operation and Development (OECD) country.   The OECD is urging Governments from across the world to address this income inequality and has called for a...

CBI opposes idea of employees on remuneration boards

  Employee representatives should not be allowed on remuneration committees, according to the Confederation of British Industry (CBI).   In response to the Government’s call for evidence on executive remuneration, the CBI has argued that introducing independent members would...

Executive pay has risen 4,000% in 30 years

  Total executive earnings have increased by more than 4,000 per cent in the past 30 years, damaging trust between employees and business leaders, according to findings from the High Pay Commission.   The report has found that senior pay levels are damaging the economy and society...

Reward risks are a major concern

  Managing reward risks is a major concern for nearly 80 per cent of professionals in this field, with appreciation of total remuneration top of the agenda.   The annual Reward Risks Survey carried out by the Chartered Institute of Personnel and Development (CIPD) found that an...

No pay for interns

Companies that do not fairly pay their interns are being named and shamed on a graduate website. The Pay your Interns campaign, led online by Graduate Frog, will contact the firms listed on its site and ask them to clarify their policy on internships. It argues that many businesses are taking...

Chief Executive Pay: A View of the Top

Alex Blyth asks if today’s chief executives are overpaid.

“Simply unacceptable.” That is how MPs described the decision by Network Rail to award Chief Executive Iain Coucher more than £1 million in bonuses while the organisation he led fell short of efficiency targets and performed 40 per cent worse than European counterparts. It...

Public and Private Sector Pay: Perform to Please

Paul Tew provides an overview of the current issues affecting pay and reward packages in the private and public sectors.

The cost of employment, both direct and indirect expenditure, is often a major factor behind any employer decision to recruit an individual to start work. As such, pay remains at the heart of the psychological contract between an employer and the employee. The economic worth of a person...

BBC Chairman criticises pay levels

Executive pay at the BBC has been criticised after it was suggested by Lord Patten that remuneration levels at the Corporation are a “toxic” issue.   The Chair of the BBC Trust implied that the broadcaster, which is largely funded by the taxpayer, should show pay...

Companies should reveal pay ratios, says Miliband

Companies should be required to publish the ratio of earnings between their highest and lowest paid employees, according to Ed Miliband. In a recent speech at Coin Street Neighbourhood Centre, the Leader of the Labour Party set out his proposals for governing pay and rewards within UK...
 

 

 

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