Employee Benefits

OCTOBER 27, 2023

This is the question that has arisen this week following the Financial Conduct Authority’s (FCA) announcement that the cap on bankers’ bonuses will be scrapped from 31 October. The cap, which was introduced in 2014, was intended to curb excessive risk taking in the financial services industry following the financial crash of 2008.

Bonuses 105

Bonuses Banking Salary Consulting 105

Employee Benefits

NOVEMBER 1, 2023

First introduced by the European Union in 2014 in response to the 2008 financial crisis, the cap limited bonuses to twice employees’ basic salary. Many bankers have been happy with the relative security of higher fixed pay, all the more so as bonuses above a certain level are now subject to deferral.

Bonuses 59

Bonuses Banking Salary Media 59

Employee Benefits

FEBRUARY 14, 2023

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.

Bonuses 105

Bonuses Salary Pension Employee Benefits 105

HR Digest

FEBRUARY 25, 2020

One in three employers of 100,000 employees or more said they expected to use 30% or more contingent workers by 2020. Gig economy picked up pace after the recession of 2008 and 2009 when many people were laid off work and who had to be resourceful to find employment. Hiring has slowed down considerably post 2008.

Government 88

Government Technology Pension Health Insurance 88

Employee Benefits

AUGUST 29, 2023

The workers estimated that piece work rates are 70% below market value and have not been increased since 2008. The action by Unite involves employees based in our housing property services department, which carries out repairs, planned maintenance and improvement activities at the homes of council tenants.

Salary 59

Salary Bonuses Government Employee Benefits 59

HR Digest

JULY 19, 2022

While most companies give a 3% raise on employee salaries , they are putting aside budgets to give a raise of 4.1%, a record high since the Great Recession of 2008. Some employees have also taken advantage of the situation to switch jobs for better pay and benefits, which has resulted in some companies losing out on top talent.

Employment 52

Employment Salary Consulting Banking 52

CorpStrat

JANUARY 27, 2023

Keep in mind that these are the most significant increases since 2008. Forty-six percent of respondents said the top reason pay budgets are increasing next year is based on employee expectations for higher pay. According to Willis Towers Watson’s July report, companies are budgeting an overall average increase of 4.1%

Salary 52

Salary Payroll Manufacturing Commissions 52