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Pay awards hit highest level since 2008

Employee Benefits

The benchmarking and compliance specialist analysed 101 salary settlements that became effective in the three months to the end of January this year, covering more than 170,000 employees. It found the sharpest rate of increase in pay since December 2008 and a significant jump from a median award of 2% in the rolling quarter to December 2021.

Banking 72
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Average pay growth high but failing to keep pace with inflation

Employee Benefits

Greg Guilford, CEO of HR Solutions, part of WorkNest, said: “It’s positive to see that employers are minimising the impact of the cost of living crisis on employees; however, there is still a gap between the rising costs and employees’ salaries.

Bonuses 105
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Lovewell’s logic: Will the removal of the bankers bonus cap drive change in remuneration structures?

Employee Benefits

Is it better to pay a reasonable basic salary and place a cap on bonus payments, or to pay a lower fixed wage with the scope to earn a much larger bonus payout? 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
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Jobvite survey reveals social media is a top recruiting strategy.

Talent Culture

Don’t get me wrong, LinkedIn and other social media websites are great tools, but they are just tools and should not replace picking up the phone and calling prospective employers or going to see them in person. Isn’t it much better to have the guts to call a company looking for employment?

Media 87
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Employers to Offer Record Pay Rises in 2023

HR Digest

According to the latest Salary Budget Planning Report by consulting firm Willis Towers Watson (WTW), companies are planning record pay rises for the next year. 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.

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What is Unicorn Hiring?

HR Lineup

Companies often need to employ a combination of advanced sourcing techniques, competitive compensation packages, and a strong employer brand to stand out in the eyes of potential unicorn hires. Competitive Compensation Packages: Attractive Salaries: Offering top-tier salaries to compete with other potential employers.

Health 84
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Employer review sites: Time to take them seriously

Business Management Daily

Employer review sites have become a major part of career consideration. As an employer, you should be taking them seriously. Here are five leading websites providing employer reviews. Founded in 2008, this is an innovator in the employer review game. Comparably. There is some clout here, but it’s also not free.