XpertHR's headline measure of basic pay awards has risen to 6% over the three months to the end of January 2023, one percentage point higher than in the previous rolling quarter, reaching a 32-year high.
The now-defunct Office for Tax Simplification recently highlighted the need for tax policy to be aligned with modern working practices, including hybrid and remote working from overseas. Susan Ball, employment solutions partner at audit, tax and consulting firm RSM UK, looks at what employers need to know from a tax perspective.
Two long-awaited bills - one that makes it illegal for employers to withhold tips from workers, and another that gives employees the right to neonatal leave and pay - have passed a crucial stage in the House of Commons.
As 2023 dawns it appears likely that pay awards will continue to lag behind inflation over the next 12 months, with the resulting cut in real wages set to hit employees hard.
Jennie Jakubowski, Cendex Data operations manager, provides insight on how your organisation could benefit from implementing a pay and grading structure.