Real Living Wage boosted to £9.50 per hour
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 […]
Firms could be forced to reveal CEO and worker pay gap
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
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 […]