Employee Benefits and Reward

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Employee Benefits and Reward

Salary structure ranked as number one reward priority

Salary structure ranked as number one reward priority

Research has found that almost half of reward professionals (49%) identified robust pay and grading structures as their top priority for the year ahead
UK third worst country for sick pay in Europe

UK third worst country for sick pay in Europe

Neighbouring Central-Eastern nations Slovakia and Ukraine are also among the worst for workers needing time off work. Ukrainians, in particular, can be put in a difficult position in instances of severe illness; while there’s no formal timeline, and the country’s Social Security Fund will cover a citizen for as long as a doctor prescribes, employees can be legally fired from their job if off work ill for longer than four months. Big money nations across the continent in France, Italy, Russia, and Spain also sit lowly, all positioned well outside the top 20 for sick pay for their respective nation’s workers. The best of a bad bunch, though, Spain are positioned 28th continentally, with Spanish employees entitled to up to 75% of their salary for up to 78 weeks.
'Hidden workplace divide' caused by UK furlough scheme

‘Hidden workplace divide’ caused by UK furlough scheme

New research shows furloughed employees experienced reduction in wellbeing, personal confidence, job satisfaction and commitment
Errors in pay force younger workers to rely on high-cost credit

Errors in pay force younger workers to rely on high-cost credit to afford food

Over half of 16-24 year olds have been paid incorrectly or late in the last 12 months
Salary expectation gap between genders doubles in two years

Salary expectation gap between genders doubles in two years

Survey of 23,000 workers reveals that in 2020 men expect to earn 25% more than women – up from 13% more in 2018

Government support for businesses affected by coronavirus

Businesses can now access government support to help them continue operating during the coronavirus pandemic.
IR35 reforms delayed by Covid-19

IR35 reforms delayed by Covid-19

Off-payroll working reforms have been delayed until April 2021, less than a month before they were due to be implemented.
Graduates enjoy earnings bonus, but only in certain sectors

Graduates enjoy earnings bonus, but only in certain sectors

A degree from a UK university increases a person’s net earnings by £100k or more on average over their lifetime, according to new research. 
Employers who fail to pay minimum wage will be publicly named

Employers who fail to pay minimum wage will be publicly named

Businesses that fail to pay their workers the National Minimum Wage or National Living Wage will continue to be publicly named by the government, following a review of the scheme.

In-work poverty increases despite high employment

Over half of people in poverty are in a working family according  to a recent report.
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