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Annual pay growth for May to July 2023 rises by 7.8%

Employee Benefits

Annual pay growth , excluding bonuses, from May to July 2023 was 7.8%, according to data from the Office for National Statistics (ONS). Its latest labour market figures revealed that this was the same as the previous quarter, the highest regular annual growth rate since comparable records began in 2001, and in line with market expectations.

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Average pay growth high but failing to keep pace with inflation

Employee Benefits

Growth in total pay , including bonuses, was 5.9% in the final quarter of 2022, while pay growth excluding bonuses was 6.7%, according to the latest labour market data from the Office of National Statistics (ONS). For pay excluding bonuses, this was the highest growth rate seen outside of the Covid-19 pandemic. on average.

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Eli Lilly CFO resigns over misconduct in workplace

HR Digest

Ashkenazi joined Eli Lilly in 2001. Most employment contracts now explicitly mention harassment as a justification for termination. Anat Ashkenazi, previously senior vice president, controller and chief financial officer of Lilly Research Laboratories, has been named as his successor and will now be the next CFO.

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Performance Appraisal & Rewards in Response to COVID-19

HR Digest

And the lessons from most recent events in the last 20 years like the relatively mild swine flu (H1N1) in 2009, the dot-com bubble of 2001, and the 2008-09 Great Recession, are nowhere near suitable to withstand the social and economic impacts of the COVID-19 pandemic. Spanish flu). Performance Appraisal. Money talks, honey.

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Understanding and preventing incivility at work

Business Management Daily

A 2001 workplace study by Cortina, Magley, Williams, and Langhout establishes some of the most prominent impacts workers feel when mistreated by their employers, with negative outcomes affecting everything from the quality of their work to their physical and mental health. Layoffs are on the rise, as are strikes.

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Shaping Performance & Rewards in Response to COVID-19

HR Digest

And the lessons from most recent events in the last 20 years like the relatively mild swine flu (H1N1) in 2009, the dot-com bubble of 2001, and the 2008-09 Great Recession, are nowhere near suitable to withstand the social and economic impacts of the COVID-19 pandemic. Spanish flu). Money talks, honey.

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How to bridge the generation gap in the workplace

Insperity

Generation Z: Brand-new to the workforce, which makes them a bit of an unknown entity and a group on which employers need to maintain a pulse (older Gen Zers have graduated from college within the last few years). More resistant to authority based on title or age alone – respect must be earned and based on the quality of contributions.

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