Pay and benefits
Employee benefits have evolved significantly over the past few years, going beyond basic offerings such as health insurance and annual leave. Today, they can range from perks like wellness programmes to complex offerings such as matching contribution pension schemes. But with budgets stretched and costs rising, how do you make your organisation's money go further - and make sure employees really feel the benefit?
The Budget, the first in the UK by a female chancellor, was designed to fill a public spending black hole, boost public services, secure financial compensation for victims of scandals, and maintain defence spending. Labour has sought to stand by its manifesto commitments and not apply extra taxes to 'working people'. However, as our panel of experts says, businesses will see considerable added costs.
From 1 October 2024, the Employment (Allocation of Tips) Act 2023 and its accompanying statutory code of practice introduce rules that require employers to be fair and transparent in how they manage and distribute tips. What do employers in the affected sectors - including restaurants, hotels, hairdressers and other similar services industries - need to know about the new legislation?
This year marks the seventh time that organisations have had to report their gender pay and bonus gaps. While many still leave this to the very end of the reporting year, is progress nonetheless being made on closing these gaps? We look at the latest data.
Global employers operating in the EU will have seen the flurry of member states increasing their minimum wages at the beginning of the year. Is 2024 the year for fairer minimum wages in the EU? How should global organisations prepare?
With a raft of employment law changes taking effect in April 2024, we provide a final reminder for HR professionals of what their organisation needs to do to comply with the new and amended employment laws. This April, the challenges for HR include: the introduction of carer's leave; reforms to the right to request flexible working; and updated rules on timing and notice to take paternity leave.
With so much information at our fingertips, working out which data to trust can be an overwhelming task. To help you, we have put away our crystal ball and taken a look back to explore the reliability of our research and to understand retrospectively how accurate our pay forecast analyses have been.
This could be a pivotal year for HR. As ever, the cornerstones of what we do will be recruitment, retention, motivation, performance and productivity, but - asks Andrew Walker of Personal Group - what do they mean for HR and reward professionals in 2024 and beyond?
A little something "extra" in the pay packet at the end of the working year may be a global expectation, but it is one that is met in a variety of ways depending on where in the world you find yourself. Here, we provide some 2023 bonus payment statistics from the UK and offer a summary of bonus payment requirements in 15 other jurisdictions.
Organisations are struggling to attract talent, but it doesn't have to be that way. Based on our survey findings, we explore ways to help employers address the skills shortage and stand out from the competition.
Commentary and insights: HR and legal information and guidance relating to pay and benefits.