A third of UK workers would prefer to be paid weekly, new research conducted by Indeed Flex, the online staffing platform for temporary work, has found.
Workers preferring a weekly wage say it would help with budgeting, especially amid the cost of living crisis, as nearly one in three people regularly run out of money or dip into their bank overdraft between the 22nd and the 31st of each month, leaving them waiting uncomfortably for the next payday.
Contributor: Novo Constare, CEO and Co-founder - Indeed Flex | Published: 3 March 2023
A fifth of UK businesses will not be raising wages this year as managers rein in recruitment and staffing budgets, according to new research from Indeed Flex, the online staffing platform for temporary work.
Half of businesses have seen labour costs increase amid soaring wage demands in the face of high inflation, a quarter of firms plan to freeze hiring this year, and 58% of businesses said they will be turning to temporary workers to support their permanent teams throughout 2023.
Contributor: Novo Constare, CEO and Co-founder - Indeed Flex | Published: 11 February 2023
Of the respondents; 59% of companies reported using salary ranges. Of these companies, only 24% publish them.
Collected between 5 August and 9 September 2022, respondents were asked to submit data per country in relation to their pay review budget for 2022 and their forecasted pay review budget for 2023 as a percentage of base salary.
The report breaks the data down by industry, identifying key differences between sectors.
The education and public sector/non-profit sectors show the highest use of salary ranges at 86% and 88% respectively. Meanwhile, real estate/construction (36%) and logistics/distribution/ transportation (40%) are less likely to use them.
Contributor: Katy Orr, Ambition PR | Published: 20 January 2023
The ‘Agnew’ case being heard in the Supreme Court this week could have significant implications for how businesses approach holiday pay and historic claims of underpaid holidays
Contributor: Lesley Rennie, WorkNest | Published: 17 December 2022
Employees in hospitality are paying unnecessary National Insurance (NI) contributions on their tips, according to new research conducted by IRIS Software Group (IRIS), in partnership with Censuswide. The research also found many employers could be liable for significant penalties around the way they handle tips and service charges.
Contributor: Stuart Stephen, Vice President of Managed Services - IRIS Software Group | Published: 17 November 2022
New research by WorkNest has revealed that 88% of employers and HR professionals don’t fully understand how the Supreme Court’s ruling in Harpur Trust v Brazel, will impact their business.
Contributor: Lesley Rennie, Principal Employment Law Solicitor - WorkNest | Published: 29 October 2022
The number of employers signing up for “on-demand pay services” around the world has risen, and withdrawal patterns suggest UK workers are using these tools to cover regular living costs, almost as a ‘digital ATM’. That’s according to new data from expert in global pay solutions, CloudPay.
Contributor: Paul Bartlett - CloudPay | Published: 1 October 2022
Purple CV, a leading CV-writing service, conducted a survey of 3,000 young people (18-24) across the U.K. and Ireland to determine the highest annual salary they expect to earn in their lifetimes. The survey revealed that £48,247 is the highest salary that the average young person in the U.K. expects they will earn. This is 54% higher than the average salary in the U.K (£31,285).
Contributor: Andrew Arkley - Purple CV | Published: 6 September 2022
With contract and freelance work on the rise, new data reveals that over a quarter of small to medium sized businesses who use freelance workers do not manage to pay them on time due to cashflow issues.
Contributor: Richard Prime - Sonovate | Published: 5 August 2022
Receiving periodic incentive payments temporarily boosts employees’ performance outcomes, research from ESCP Business School reveals.
Contributor: Argyro Avgoustaki | Published: 2 August 2022