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....The CEOs of America’s largest firms made an average of $15. 6m in compensation last year, or 271 times the annual average pay of the typical worker, according to an analysis released Thursday. ... [Read full article on Guardian ]
Thursday 20th of July 2017 09:00:16 AM
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CEO-to-worker compensation gap shrinks in 2016 – but it's still 271-to-1 image
....The CEOs of America’s largest firms made an average of $15. 6m in compensation last year, or 271 times the annual average pay of the typical worker, according to an analysis released Thursday. ...
Public sector pay cap is matter for future budgets, says Grayling image
Source : Guardian [Read Article] Wednesday 5th of July 2017 07:56:11 AM
....Theresa May and the chancellor, Philip Hammond, have faced demands from dozens of their own MPs to ease the pain for families by raising pay and blocking school cuts after Jeremy Corbyn’s radical, anti-austerity Labour party stance secured gains in the general election. Many feel action is urgent after a government-commissioned report suggested the average pay of teachers had fallen by £3 an hour in real terms, police officers by £2, while the wages of nurses have stagnated. ...
Forget austerity, here’s who is to blame for your empty pockets | Patrick Collinson image
.... It looked at bills for gas, electricity, water, TV, phone and so on – and found they have escalated in price far, far ahead of average wage rises. Since 2006, average pay packets in Britain have gone up by 19% in pounds and pence terms (in other words, not adjusting for inflation). ...
Uber's scandals, blunders and PR disasters: the full list image
Source : Guardian [Read Article] Tuesday 27th of June 2017 11:14:33 PM
....Uber agreed to pay drivers in New York City tens of millions of dollars after admitting it underpaid them for more than two years by taking a larger cut of fares than it was entitled. The average payout per driver is expected to be about $900. ...
UK workers are cheated out of at least £1.5bn a year in holiday pay image
Source : Guardian [Read Article] Monday 19th of June 2017 03:07:12 PM
.... For those with variable hours it is the equivalent of 12. 07% of their average pay, but workers are often not made aware they are entitled to it or are only paid it if they challenge employers. ...
Reality Check: What's been going on with pay? image
Source : BBC [Read Article] Monday 15th of May 2017 02:49:56 PM
....The usual measure of whether living standards are falling is whether pay is rising faster than prices. This chart adjusts average pay for changes in inflation, measured by the consumer price index (CPI), to give real average earnings. ...
John Lewis profits suffer £36m dent from minimum wage error image
Source : Guardian [Read Article] Tuesday 9th of May 2017 10:54:26 AM
....The issue came to light after a worker raised concerns about their monthly pay following the annual results published in March. John Lewis said employees received the correct pay over the year, but in months where those on hourly rates worked more than average pay fell below the national minimum rate required by law because of the pay averaging system. ...
Strike threat after Royal Mail closes pension scheme image
Source : BBC [Read Article] Thursday 13th of April 2017 07:32:05 AM
....". The current Royal Mail pension scheme is based on a worker's average pay throughout his or her career, known as "career average". ...
Price rises and pay figures to underline Brexit strain on Britons image
Source : Guardian [Read Article] Sunday 9th of April 2017 11:01:21 PM
....Labour market figures on Wednesday will offer new insights into whether looming Brexit negotiations have started to affect hiring decisions and will shed light on whether pay growth is keeping pace with inflation, or if incomes are in fact falling in real terms. Economists forecast average pay growth slipped to 2. ...
Businesses won’t address the gender pay gap until they are forced to | Harriet Minter image
.... After all, as of Thursday the traditional reticence around discussing money and the secrecy over what we’re all paid should have ended. The government requirement that all companies with more than 250 employees publish their salary data, showing the average pay for men and women, has finally come into force. ...
Gender pay gaps must be declared by UK companies image
Source : BBC [Read Article] Wednesday 5th of April 2017 10:57:09 PM
....Women and Equalities minister Justine Greening said "helping women to reach their full potential isn't only the right thing to do, it makes good economic sense". Public, private and voluntary sector firms are now all required to disclose average pay for men and women, including any bonuses. ...
Should we legislate against the gender pay gap? image
Source : BBC [Read Article] Wednesday 5th of April 2017 01:25:35 PM
....At 9. 4% in 2016, the difference between average pay for male and female full-time employees in Britain was little changed from the 10. ...
UK's gender pay rankings will put discrimination under spotlight image
Source : Guardian [Read Article] Sunday 2nd of April 2017 12:16:22 PM
.... At 9. 4% in 2016, the difference between average pay for male and female full-time employees was little changed from the 10. ...
Two million workers receive 4% pay rise image
Source : BBC [Read Article] Friday 31st of March 2017 09:17:02 PM
Bosses' incomes are 386 times higher than Living Wage image
Source : BBC [Read Article] Wednesday 22nd of March 2017 01:21:15 PM
....The Equality Trust charity compared the £5. 3m average pay of a FTSE 100 chief executive with the £13,660 earned by someone on the living wage. ...
UK inflation rate leaps to 2.3% image
Source : BBC [Read Article] Tuesday 21st of March 2017 09:34:06 AM
.... And at 2. 3%, inflation is increasing at the same rate as average earnings, meaning the average pay rise is being totally eaten up by increasing prices, not likely to make any of us feel better off. ...
Good riddance to the unfair NIC tax rise. Now what about that £2bn black hole? | John McDonnell image
.... Opposition came from all sides of the house, and from business organisations like the Federation of Small Businesses, leaving the Tory leadership completely isolated. The chancellor’s climbdown will be a huge relief to all those self-employed workers and businesspeople, earning as little as £8,000 a year, who faced a serious increase in their tax bill at a time when average pay for the self-employed has fallen dramatically – their average earnings are now just £12,480 a year. ...
Public sector workers first to face cut in real pay, says thinktank image
Source : Guardian [Read Article] Wednesday 15th of March 2017 07:32:43 AM
....The independent thinktank forecast that median real pay for the average public sector worker would fall below 2004-05 levels by the end of the current parliament in 2020. On current trends, the average pay of public sector workers will be £1,700 lower in 2020 than its peak in 2010, it said. ...
John Lewis slashes staff bonus to 6% – the lowest in 63 years image
Source : Guardian [Read Article] Thursday 9th of March 2017 09:28:42 AM
....Last year, the staff bonus – which is the same percentage of salary for all workers, from the chairman to Saturday shelf-fillers – was 10%, the lowest for 13 years. That meant an average payout of £1,585, compared an average of about £1,031 this year for the 86,700 staff who jointly own the retail group. ...
John Lewis and Waitrose owner set to reduce staff bonus image
Source : Guardian [Read Article] Sunday 5th of March 2017 04:49:46 PM
....The John Lewis Partnership, which is owned by its staff, is expected to announce a bonus of between 6% and 7% of workers’ annual salary. This would be a cut from a 10% bonus last year – when the average payout was £1,585 for its 91,500 staff – and the fourth year in a row that John Lewis has cut the award. ...
UK workers' wages fell 1% a year between 2008 and 2015, TUC says image
Source : Guardian [Read Article] Monday 27th of February 2017 12:01:43 AM
....Workers in the UK saw their wages fall by 1% a year in the period following the financial crisis, putting the country in 103rd place in a global ranking of pay growth compiled by the TUC. The trade union umbrella body said wages rose in many parts of the world between 2008 and 2015, but average pay in the UK fell once the impact of inflation was taken into account. ...
UK bosses face tougher punishments over corporate governance rules image
Source : Guardian [Read Article] Thursday 16th of February 2017 09:18:39 AM
.... Bosses of of FTSE 100 companies are currently paid around 147 times the average wage of employees. “If CEO pay continues to increase at the same rate as it has done for the last 20 years, over the next two decades we could be seeing average CEO-to-average pay ratios of over 400:1 and certainly over 300:1, which is the level of pay ratio that is frequently seen in large US corporates,” said Stern, who is calling for companies to be required to publish their pay ratios. ...
No big pay rises for Britons despite inflation, says Bank of England image
Source : Guardian [Read Article] Wednesday 8th of February 2017 12:15:18 PM
....Hopes of bumper pay rises as the economy shrugs off the effects of the Brexit vote appear to be dashed by a Bank of England survey that predicts a decline in wages growth this year. A report by the central bank’s regional agents found that the increase in average pay settlements, far from strengthening in response to higher inflation, will decline from 2. ...
Church of England: we'll vote to block excessive boardroom pay deals image
Source : Guardian [Read Article] Tuesday 7th of February 2017 05:31:51 PM
....It asked if companies should publish their pay ratio – the gap between the chief executive and the wider workforce. In 2015 chief executives received 128 times the average pay of their staff, it said. ...
Don’t throw your money on home emergency and key cover insurance – Patrick Collinson image
.... But its submission to the FCA reveals that fewer than one in 10 of the policies actually results in a claim. And when a claim is made, the average payout is worth only £120-£139. ...
British Airways cabin crew to stage six-day walkout in pay dispute image
Source : Guardian [Read Article] Friday 27th of January 2017 05:03:28 PM
....Basic pay starts at £12,192, although BA says all earn at least £21,000 a year once hourly flying pay and bonuses are added. Unite claims the average pay is £16,000, including allowances. ...
Maximum wage cap: how might it work? image
Source : Guardian [Read Article] Tuesday 10th of January 2017 12:11:32 PM
.... By contrast, the median annual gross pay in the UK in 2016 was £23,099. Workers in banking, excluding insurance and pension funding, have the highest average pay, with workers in the 90th percentile earning £111,183. ...
No one can afford to stop the new consumer credit crisis image
Source : Guardian [Read Article] Sunday 8th of January 2017 07:05:11 AM
....Figures put together by the TUC last year from the official annual survey of hours and earnings paint an even gloomier picture. If they are only half right, the capacity of workers on low and average pay to manage debt payments is significantly diminished. ...
'A major bank will fail' image
Source : BBC [Read Article] Friday 6th of January 2017 12:06:14 AM
Zero-hours workers '£1,000 worse off a year' than employees image
Source : Guardian [Read Article] Friday 30th of December 2016 12:01:17 AM
....”. Earlier this month a report by the thinktank showed that agency workers suffered an average pay penalty of 22p an hour, equivalent to £430 a year for those working full-time. ...
Finance companies   aim to have   women in third  of top  jobs image
Source : Guardian [Read Article] Monday 12th of December 2016 12:01:40 AM
....”. The average pay gap between men and women stands at 18. ...
Uber is treating its drivers as sweated labour, says report image
Source : Guardian [Read Article] Friday 9th of December 2016 01:51:59 PM
....“We’re proud of the economic opportunities we have created for people who can choose to drive when and where they want. Drivers using our app made average payments of more than £16 an hour after Uber’s service fee this September,” the company said in a statement. ...
Gender pay gap checker reveals the good, the bad and the scandalous image
Source : Guardian [Read Article] Friday 9th of December 2016 01:26:23 PM
.... Almost half a century on from the gender pay act, there is still an 18. 1% difference in average pay between men and women. ...
Britain's agency workers underpaid and exploited, thinktank says image
Source : Guardian [Read Article] Monday 5th of December 2016 12:01:08 AM
....”. Agency work is booming, but it means an average pay penalty of 22p an hour, equivalent to £430 a year for those working full-time, according to the report, entitled Secret Agents: agency workers in the new world of work. ...
Government called on to take bolder action on corporate reform image
Source : Guardian [Read Article] Tuesday 29th of November 2016 01:30:49 PM
.... Clark said workers’ voices could be represented through non-executive directors. The consultation is taking place against the backdrop of the average pay of a chief executive of a FTSE 100 company rising to £5. ...
Executive pay under unprecedented scrutiny – IoD chief image
Source : Guardian [Read Article] Monday 28th of November 2016 12:01:14 AM
....The pay of FTSE 100 bosses has rocketed from an average of £1m in 1998 to £4. 3m in 2015, far outstripping growth in average pay. ...
Uber drivers stage go-slow protest through central London image
Source : Guardian [Read Article] Tuesday 22nd of November 2016 02:55:59 PM
....“We’re proud of the economic opportunities we have created for people who can choose to drive when and where they want. Drivers using our app made average payments of more than £16 an hour after Uber’s service fee this September, and 20% of drivers were logged into the app for 10 hours or less a week with just 25% logged in for 40 or more hours per week. ...
Whiplash plans to 'cut car insurance premiums by £40' image
Source : BBC [Read Article] Thursday 17th of November 2016 12:02:37 AM
....Another option is capping them at a maximum of £425. By contrast the current average payout is £1,850. ...
Crackdown on whiplash claims could knock £40 off car insurance bills image
Source : Guardian [Read Article] Thursday 17th of November 2016 12:01:33 AM
....The MoJ has proposed either scrapping the right to compensation for minor whiplash injuries or putting a cap on the amount people can claim. It said capping compensation would see the average payout cut from £1,850 to a maximum of £425, with this money only paid out where a medical report was provided as proof of injury. ...
Rising executive pay threatening reputation of big business – report image
Source : Guardian [Read Article] Monday 14th of November 2016 05:29:42 PM
....Executive pay is too high and risks damaging the reputation of big business, according to an influential fund management group which has drawn up ideas for reform that could reduce the overall remuneration package of top bosses. Hermes Investment Management published a paper showing that the average pay of a chief executive could be cut from £5m to £3m if bonuses were eradicated, or to £4. ...
British Airways cabin crew to vote for possible industrial action image
Source : Guardian [Read Article] Friday 11th of November 2016 04:21:44 PM
.... All new recruits join the mixed fleet, which was set up in 2010 offering markedly inferior pay and conditions to those enjoyed by existing crew. Unite, the union representing the crew, says the average pay including allowances is just £16,000 a year, a figure disputed by BA, which says crew would normally make at least £21,000 a year with bonuses, from a basic salary of £12,000 a year. ...
What are the highest paid jobs of 2016 in the UK? image
Source : Guardian [Read Article] Monday 31st of October 2016 11:59:45 AM
.... Information about niche occupations – for example, salaried professional footballers or TV presenters – has also been suppressed by the ONS to avoid identifying individual pay packets. So which jobs have made it into the Top 10 this year? Who got the biggest pay rise? And how does the pay of the highest earners in the land compare with the average pay of all full-time employees in the UK, who, according to the ONS, earned £34,414 and typically received a 2. ...
Smelting pot image
Source : BBC [Read Article] Wednesday 26th of October 2016 11:27:01 PM
....And despite finding some temporary work, he's still much worse off than he was. "Unless I find another above-average paying job for this area, my style of living will continue to change," he says. ...
Weekly UK earnings rose 2% last year in biggest increase since crash image
Source : Guardian [Read Article] Wednesday 26th of October 2016 10:12:49 AM
....The Resolution Foundation said the national living wage (NLW) had “well and truly made its mark on pay across Britain” and “contributed to a significant closing of the gender pay gap and a welcome fall in pay inequality”. The thinktank said 2016 was the strongest year for pay in over five years but warned it may prove to be a high-water mark after recent rises in inflation and stagnant growth in average pay levels. ...
Self-employed earn less than in 2001 – and will be hit by welfare cuts image
Source : Guardian [Read Article] Monday 17th of October 2016 11:01:22 PM
....Britain’s growing army of self-employed workers are earning less than they were 15 years ago and are vulnerable to changes that will make the welfare system less generous, two new thinktank reports have revealed. The Resolution Foundation said the 45% increase in people deemed to be working for themselves since 2001-02 had been accompanied by a £60-a-week cut in the average pay packet. ...
Ministers warned not to cut national living wage rises image
Source : BBC [Read Article] Tuesday 6th of September 2016 11:46:11 PM
....After the Brexit vote in June the government was lobbied by 16 trade associations who called on ministers to be cautious about future increases in the national living wage. Low-paid workers are due to get above-average pay rises over the next four years as the policy approaches its target of paying 60% of average hourly pay. ...
Living wage has positive impact on care industry, research shows image
Source : Guardian [Read Article] Monday 29th of August 2016 11:01:14 PM
....The study, based on pay data for 80,000 employees of more than 2,000 care providers, suggests that 57% of frontline workers (54% of all) have benefited directly from the £7. 20 minimum with an average pay rise of 9. ...
Enforced paternity leave... image
Source : BBC [Read Article] Tuesday 23rd of August 2016 12:20:10 PM
....It might sound obvious, but why not just plug the gender gap by paying women more?. In June, the University of Essex announced it was to raise female professors' pay with a one-off salary hike to bring their average pay level with their male colleagues. ...
Retailers benefit as sunshine sends post-Brexit spending soaring image
Source : Guardian [Read Article] Monday 8th of August 2016 11:01:26 PM
....The trade associations who have written to the government calling for the national living wage to be reconsidered could not have timed their letter worse. Their intervention was revealed on the same day that the High Pay Centre reported that the average pay for FTSE 100 chief executives rose 10% last year to £5. ...
Executive pay image
Source : BBC [Read Article] Monday 8th of August 2016 03:51:55 PM
. The average pay for chief executives of firms in the FTSE 100 index is now 144 times that of the UK's average salary, says the High Pay Centre. ...
How FTSE 100 bosses got a 10% pay rise image
Source : BBC [Read Article] Monday 8th of August 2016 07:58:39 AM
. The average pay of FTSE 100 chief executives rose by 10 per cent in a year to £5. ...
Related to :
Insurance cheats discover social media is the real pain in the neck image
Source : Guardian [Read Article] Monday 18th of July 2016 06:00:03 AM
.... Gardiner says that while the number of road traffic accidents was down 30% between 2005 and 2011, the number of whiplash claims was up 65%. Whiplash is frequently seen as an easy injury to fake, with the average payout from an insurance company ranging from £1,500-£3,000. ...
Volkswagen to settle emissions cheating scandal for more than $10.2bn image
Source : Guardian [Read Article] Thursday 23rd of June 2016 08:27:47 PM
....Owners would have a choice between selling their vehicles back to VW at the value before the scandal broke on 18 September 2015, or keeping the cars and letting the company repair them. Either way, they would also get $1,000 to $7,000 depending on their car’s age, with an average payment of $5,000, one of the people said. ...
Executive pay is obscene – restructuring the economy is the only way to curb it | Paul Mason image
....Related: The London skyscraper that is a stark symbol of the housing crisis. So what is the answer? A pay cap, with senior pay limited to, say, 20 times average pay? With a firm such as Berkeley, that would barely matter. ...
How to end the UK's gender pay gap image
Source : Guardian [Read Article] Sunday 12th of June 2016 10:24:42 AM
.... Rather than waiting for policies and practical changes to level up men and women’s pay over time, the employer levels the pay and then works backwards to make sure that individuals’ pay represents value for money for the firm. By vowing to do the same audit and level average pay every year, Brainlabs hopes to keep everyone involved in recruitment and setting salary levels on their toes as the company grows. ...
Buy-to-let landlords win multimillion payout from West Bromwich image
Source : Guardian [Read Article] Wednesday 8th of June 2016 12:49:10 PM
.... The total cost to the business is £27. 5m, which, if it was all distributed to the borrowers would mean an average payout of £4,286 each. ...
US proposes new rules for payday loan industry to curtail borrower debt image
....Nearly 12 million Americans use payday loans every year, according to Pew Charitable Trust. Because of the way the loans are set up, people on average pay $520 in fees to borrow $375. ...
City news: Supermarkets, Chrysalis records, Halfords and CT Capital image
Source : Daily Express [Read Article] Thursday 2nd of June 2016 10:18:00 AM
....36million for “serious failings” in the way it handled payment protection insurance (PPI) complaints. City watchdog the Financial Conduct Authority said customers of CT Capital missed out on redress payments after it failed to put in place appropriate processes between May 2011 and November 2013, during which it handled 6,669 complaints, with an average payment of £5,959 for a fully upheld complaint. ...
Shareholder Spring II: bosses prepare for AGM pay revolts image
Source : Guardian [Read Article] Saturday 30th of April 2016 03:00:28 PM
....There also signs that investors are focusing on absolute pay. Stefan Stern of the High Pay Centre is calling for the disclosure of pay ratios – comparing the boss’s reward with average pay in the company – as a way to keep boardrooms in check. ...
Customised burgers and table service: meet the man behind 'posh' McDonald's image
.... Unlike some retailers, McDonald’s has decided not to pay that rate to its workers aged under 25 as well. Instead, Pomroy has awarded an average pay rise of 10% across the company, including 14% for those aged between 16 and 18. ...
Customised burgers and table service: meet the man behind 'posh' McDonald's image
.... Unlike some retailers, McDonald’s has decided not to pay that rate to its workers aged under 25 as well. Instead, Pomroy has awarded an average pay rise of 10% across the company, including 14% for those aged between 16 and 18. ...
Why Three into O2 won't go image
Source : Guardian [Read Article] Monday 11th of April 2016 06:34:20 PM
.... Second, BP imposed a pay freeze on all staff in 2015 and is cutting 7,000 jobs. Those cost-saving actions would be swallowed more easily if the boss was also seen to be buckling down for an era of oil at sub-$50 a barrel instead of continuing to enjoy rewards worth 125 times average pay at BP. ...
Fake Plastic Streams: Radiohead's label carousel is really about creative control image
....While Yorke’s attacks on Spotify in the past were, he says, on behalf of smaller acts starting out, Radiohead are not exactly on their uppers when it comes to streaming revenue. Paranoid Android alone has been played over 22m times on Spotify, which, based on the service’s average payout of $0. ...
Savers withdraw £6bn from retirement funds after pension reforms image
Source : Guardian [Read Article] Monday 28th of March 2016 03:00:59 PM
....9bn total included £2. 9bn paid out via 836,000 income drawdown payments, where the average payment was £3,500. ...
John Lewis and Waitrose bonus falls again with average payout of £1,585 image
Source : Guardian [Read Article] Thursday 10th of March 2016 10:25:39 AM
....The pool from which the bonuses are paid reduced from £156. 2m to £145m, which worked out at an average payment of £1,585 for each of its 91,500 staff. ...
Gender pay gap: women earn £300,000 less than men over working life image
Source : Guardian [Read Article] Monday 7th of March 2016 12:01:48 AM
.... PwC says the UK gender pay gap dropped from 20% to 18% in the latest index but was still higher than the average of 17% for the OECD. PwC estimates that closing the gender pay gap would bring an £80bn boost to overall female earnings in the UK – a £5,500 average pay rise for every working woman. ...
Pay for UK bosses is ‘absurdly high’, top headhunters admit image
Source : Guardian [Read Article] Saturday 5th of March 2016 07:22:35 PM
....Related: Ex-Barclays boss to get large bonus despite being sacked last year. The London School of Economics report is a damning indictment of the state of executive pay, and comes as an analysis of FTSE 100 company accounts shows that the average pay package of a top CEO is now £4. ...
Women’s Equality party leader Sophie Walker: ‘It’s complex, but not complicated’ image
.... Last year alone London’s women earned £50bn less than London’s men. The pay gap is bigger – the national average pay gap is about 15%, in London it’s 23%. ...
More people in their 70s in higher tax bracket than those in their thirties image
.... . A recent analysis of average pay by influential think tank the Institute for Fiscal Studies (IFS) found that on average, pensioners earn £394 a week compared to the £385 median among the working age population. ...
Here’s why I won’t be attempting to bridge my firm’s gender pay gap image
Source : Telegraph [Read Article] Sunday 21st of February 2016 07:56:39 PM
.... In addition to Lord Davies and his targets, we are now faced with a new set of goals for the gender pay gap. Although I believe a key formula for company success is to pick the very best people, men and women, I worry that the concept of the gender pay gap is misunderstood (it is the average pay of all the men in an organisation compared with the average of all the women, and should not be confused with equal pay for identical jobs). ...
Five-minute guide to making a home insurance claim image
Source : Daily Express [Read Article] Sunday 14th of February 2016 12:01:00 AM
....An impressive 99 per cent of all claims on motor insurance policies are successful, but that drops to just 79 per cent for home insurance, according to new figures from the Association of British Insurers (ABI). The average payout is £2,520, so rejection can cause real hardship for unsuccessful claimants and with cover costing £290 a year on average, you do not want to be paying premiums for nothing. ...
UK unemployment on course to fall to fresh ten year low image
Source : Telegraph [Read Article] Saturday 13th of February 2016 08:04:45 PM
.... . Experts said smaller bonus payments at the end of last year were likely to have dragged average pay growth down to 1. ...

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