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Real Living Wage boosted to £9.50 per hour 

Real Living Wage | HR Solutions

According to the Living Wage Foundation, over 250,000 people will see wages boosted by 20p to £9.50 if their employer has signed up to the ‘Real Living Wage‘, and employees should receive the new rate in May 2021. Not to be confused with the National Living Wage (NLW), the Real Living Wage is a recommendation of the Living Wage Foundation that ensure all workers earn a wage that covers […]

Ethnicity pay gap reporting

Ethnicity Pay Gap Reporting | HR Solutions

The first analysis of the ethnicity pay gaps in Great Britain was released by the Office for National Statistics (ONS) in July 2019.  The ONS’ analysis of pay data shows that many south Asian workers were significantly worse off than those from other ethnic backgrounds. Bangladeshi workers lowest paid in the UK and Chinese workers […]

Executive pay ratio reports

Executive Pay Ratio Reporting | HR Solutions

With effect from January 2019, UK Corporate Governance reforms required that certain large listed companies report on the ratio of what they pay their chief executive compared to the average rate of pay of their employees, if the ratio is 120:1 or higher. The first reports are expected to be published in 2020. Legal requirement […]

Firms could be forced to reveal CEO and worker pay gap

Pay Gap | HR Solutions

The government has announced proposals to make large UK companies reveal the pay gap between their top management and average workers. In a move intended to stem the rise in anti-big business and anti-globalisation, the government are considering a number of measures as part of a consultation to curb the excesses of corporate pay. These […]

Pay Gap Grows Between CEOs and Employees

CEO Pay 183 Times that of Average Employee | HR Solutions

During 2014 CEO pay reached 183 times the earnings of the average UK employee, according to a new study. The High Pay Centre, an independent think tank, carried out research into the salaries of FTSE 100 companies and found that the average CEO pay had increased to £4.964 million; a slight rise on the £4.923 million […]

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