The ongoing ‘Great Resignation’ means businesses face a fight for talent.
And with inflation set to hit double figures in the Autumn, businesses need to seriously consider what they’re doing to help their employees shoulder the sky-rocketing cost of living.
But new data from business performance consultancy, Ayming, reveals that employers are failing on the biggest differentiators: flexibility and salary. And this is likely to see pressure on firms ramp up as the employees’ market continues to gain momentum.
Contributor: Scott Ward, Partner of People, Performance & Development - Ayming UK | Published: 4 August 2022
Spendesk, a 7-in-1 spend management solution for SMEs, has today shared the findings of a survey carried out with the global finance community CFO Connect looking at the salaries of business finance leaders of all levels in Europe and the US.
In the UK specifically, the findings revealed women are paid on average 30% less than men for the same finance roles. Most telling is the slow progress being made when it comes to younger professionals. Women joining a finance role in the UK today can still expect to be paid 24% less than a male counterpart.
Contributor: Spendesk | Published: 18 July 2022
Over half of UK employees consider quitting over poor pay, as cost-of-living shows no sign of slowing down
Contributor: Darren Jaffrey, General Manager of EMEA & APAC - HireVue | Published: 13 July 2022
New research commissioned by Reed.co.uk, one of the UK’s leading jobs and careers sites, found that only 41% of women were likely to negotiate their salary when moving roles compared with 61% of men.
Contributor: Simon Wingate, Managing Director - Reed.co.uk | Published: 25 May 2022
Over 18.6 million Brits have secured, or are seeking, an additional source of income as a result of the cost-of-living crisis.
Contributor: Tracey Powers, Head of Sales - Avon UK | Published: 6 April 2022
The latest data from XpertHR shows that the median basic pay increase in the three months to end of February 2022 is worth 3%, unchanged from the previous rolling quarter.
Contributor: Sheila Attwood - XpertHR | Published: 31 March 2022
Underpaying staff isn’t always a purposeful act; sometimes it can be a genuine mistake, but that doesn’t make it okay.
Contributor: Kate Palmer - Peninsula UK | Published: 17 December 2021
These changes, if confirmed, will likely come into effect from April 2022 and represent an increase of more than 5%; the third-highest annual rise since the financial crash in 2008.
Contributor: Kate Palmer - Peninsula UK | Published: 1 November 2021
Some employees will be understandably upset about this but there is no obligation on employers to provide additional benefits or pay increases to cover the difference in net pay. Employers can make their staff aware that this was not a business decision, but a necessary step mandated by the Government.
Contributor: Kate Palmer - Peninsula UK | Published: 10 September 2021
Study from specialist Microsoft recruitment firm, Nigel Frank International, shows only one in four female tech professionals felt comfortable enough to ask their employer for a salary increase—showing there’s still a long way to go on the road to gender equality on the workplace.
Contributor: Zoë Morris, President - Nigel Frank International | Published: 17 June 2021
