RSS Feed

News: Pay and Reward

More Articles: Latest Popular Archives

Survey reveals highest pay levels in a decade

Tim Kellett, Director at Paydata, explains the key findings: “We have been monitoring HR practices for over a decade through our survey. Pay levels have consistently tracked inflation at around two to three per cent. However, our spring survey reveals that those opting for higher pay levels are at an all-time high in the history of our UK Reward Management Survey. 37% will offer between four and five per cent in 2023, closely followed by 33% who will offer over five per cent, reflective of the sustained pressure of inflation.”

Contributor: Tim Kellett, Director - Paydata | Published: 23 June 2023

IT Salaries in the UK rise by 13 percent

A comprehensive study by IT Recruitment Agency CV Screen has found that permanent IT salaries in the UK have risen by 13% over the last 12 months, with the average salary for an IT professional now £48,991.

Contributor: Matthew Iveson - CV Screen Ltd | Published: 8 April 2023

One-in-three employees would prefer weekly pay due to hard times

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

Have we passed peak pay rise?

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

The pay transparency problem

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. Salary ranges 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

A million-plus hospitality employees are paying unnecessary NI

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