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....“Here it’s great, I get full benefits and everything,” another worker said, adding that he had heard negative reports about the work environment at an Amazon warehouse but was not worried about potential job losses if Bezos’s drone-loving company pursues a more automated approach. “No, I’m more just worried about general changes and how the salary works and benefits,” he said. ... [Read full article on Guardian ]
Monday 19th of June 2017 06:00:28 AM
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....RBS was limited to paying cash bonuses of no more than £2,000, with any additional payouts made in shares that had to held for several years. When a bonus cap was introduced by the European Union in 2013, limiting bonuses to one times salary or double if shareholders approved, the government refused to give the approval that would have allowed RBS to pay out more. ... [Read full article on Guardian ]
Tuesday 20th of June 2017 06:01:43 PM
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Latest Finance News related to Salary

BRITAIN'S SHAME: Ex-soldiers facing 'dangerous' levels of debt, warn experts  image
Source : Daily Express [Read Article] Saturday 24th of June 2017 10:33:00 AM
....“Once out of barracks they have to pay rent, council tax and utility bills that they previously would not have been responsible for. "A service person’s salary is also often far more than what they can achieve in the private sector and, despite lots of work by the Forces to help with the transition, often they struggle to find jobs quickly. ...
M&S fashion chief will leave behind £1.7m as she departs Halfords image
Source : Guardian [Read Article] Thursday 22nd of June 2017 05:24:01 PM
.... Her total pay slid by just over £110,000 to £741,412 as she missed out on an annual bonus after resigning from Halfords in May. She was in line to receive about £255,000, equivalent to half her base salary this year. ...
Paul Myners: Barclays realised taxpayer bailout would hit bonuses image
Source : Guardian [Read Article] Tuesday 20th of June 2017 06:01:43 PM
....RBS was limited to paying cash bonuses of no more than £2,000, with any additional payouts made in shares that had to held for several years. When a bonus cap was introduced by the European Union in 2013, limiting bonuses to one times salary or double if shareholders approved, the government refused to give the approval that would have allowed RBS to pay out more. ...
Whole Foods for thought: Austin foodies ponder future under Amazon image
Source : Guardian [Read Article] Monday 19th of June 2017 06:00:28 AM
....“Here it’s great, I get full benefits and everything,” another worker said, adding that he had heard negative reports about the work environment at an Amazon warehouse but was not worried about potential job losses if Bezos’s drone-loving company pursues a more automated approach. “No, I’m more just worried about general changes and how the salary works and benefits,” he said. ...
Pension transfers are now worth more than the average home image
Source : Daily Express [Read Article] Monday 19th of June 2017 12:00:00 AM
. Mutual insurer Royal London found a growth of more than 50 per cent in the volume of transfers out of final salary pensions taking place in the last year, with the most common transfer value lying in the £250,000 to £500,000 range. ...
Whole Foods, then a whole industry? Amazon sinks teeth into supermarkets image
.... No one pretends that the contributions into auto-enrolled pensions are anything other than puny. Currently, employers only have to pay in 1% of salary, and employees another 1%. ...
Should you join the charge and buy an electric car? image
Source : Guardian [Read Article] Saturday 17th of June 2017 06:00:30 AM
.... Auto Express gave the Kia Soul EV four stars when they tested it. Kemp says one thing to consider as a private buyer is whether you can persuade your employer to offer you the chance to buy the car via a salary sacrifice scheme, which can bring the cost down hugely if you are a higher rate taxpayer. ...
British workers are missing out on ‘buy one, get one free’ pension offer image
.... But among larger employers, in particular, valuable additional “matched” contributions are available if a worker chooses to save beyond the minimum level. For example, Tesco operates a scheme where the basic pension contribution by workers is 4% of salary, matched by a 4% employer contribution. ...
Buying my own place was an impossible dream – here’s how it came true image
.... Yes, I thought. Propped up by someone on a much higher salary, here was my one chance to buy a property in the capital. ...
You’re unsuited to your company, not your job’ – our work expert responds image
....How can I change my career to something more suitable when my CV has these types of “comply and repeat” roles? . I can’t afford to drop my salary level or pay more than a few hundred pounds for training, and I feel trapped. ...
SSE boss gets 72% pay rise weeks after arguing against cap on bills image
Source : Guardian [Read Article] Friday 16th of June 2017 05:24:56 PM
....The pay rise is even bigger than the 40% rise awarded to the chief executive of the British Gas owner, Centrica. Phillips-Davies was paid £844,000 in base salary, largely unchanged from last year, but topped up by £25,000 in benefits, a £910,000 annual bonus – more than double the year before – and a long-term incentive payout of £644,000. ...
More than half of Morrisons investors rebel over executive pay image
Source : Guardian [Read Article] Thursday 15th of June 2017 06:21:25 PM
....The vote comes after shareholder advisory services, including ISS, recommended rejecting the report. The supermarket chain had announced plans to increase the maximum long-term bonus for its chief executive, David Potts, from 240% of his basic salary to up to 300%. ...
Morrisons' indignation over shareholder rebellion is misplaced | Nils Pratley image
....8m in total, which ought to be enough to get him out of bed in the morning. Why does Potts need a carrot worth an extra half a million? At this point, Morrisons’ argument descends into the usual pleas about what a good job Potts is doing and how an LTIP set at “only” 240% salary was subpar for a FTSE 100 chief executive. ...
Grenfell Tower's managers were reviewing safety after fire at another block image
....3m last year on revenues of £271m and paid investors a dividend of £2m, the largest slice of which went to Rydon’s chief executive and largest shareholder, Robert Bond, 61. The company’s highest paid director, usually the chief executive, also earned a salary of £424,000 in 2016, a pay rise from £392,000 the year before. ...
Thames Water given maximum £8.5m fine for missing leak target image
Source : Guardian [Read Article] Wednesday 14th of June 2017 10:38:37 AM
....”. Robertson, who joined Thames Water in September 2016, was awarded an annual bonus of £54,000 and is paid a basic salary of £700,000 a year. ...
Five-minute guide to following your football team image
Source : Daily Express [Read Article] Sunday 11th of June 2017 12:01:00 AM
.... . Fans can console themselves with the knowledge that this helps to fund Paul Pogba’s £290,000-a-week salary, the highest in the Premier League. ...
I work best independently, but am trapped in a job where that's frowned on image
.... I recognise that I am unsuited to the job because I don’t have the personality traits to follow routine processes blindly. How can I change my career to something more suitable when my CV has these types of “comply and repeat” roles? I can’t afford to drop my salary level or pay more than a few hundred pounds for training – I feel trapped. ...
Will we pay higher stamp duty as my girlfriend has inherited property? image
....Second, as we are unmarried, we could acquire the new property in my name only. However, to secure a large enough mortgage, we need it to be calculated from both our salaries and, with the property in just my name, banks would only offer a home loan based on my salary. ...
WPP boss £48m pay voted against by a fifth of investors image
Source : BBC [Read Article] Wednesday 7th of June 2017 02:46:21 PM
....She said: "Executive pay at WPP continues to look excessive. "Whilst we acknowledge that the reduction in the total long term bonuses and incentives available to executives under the new remuneration policy is a step in the right direction, the sheer scale of these remains exceptionally high, at over nine times the salary for the CEO. ...
Burberry's Bailey to get £10.5m in shares when he checks out as CEO image
Source : Guardian [Read Article] Tuesday 6th of June 2017 05:35:18 PM
.... His pay deals also include a £440,000 allowance to cover clothes and other items. Bailey’s salary will remain at £1. ...
Wealth 'begins at £134,170 a year' image
Source : BBC [Read Article] Monday 5th of June 2017 02:41:04 PM
....Regional variations are also notable. In Wales, the average person considers an annual salary of £91,681 to be the point at which wealth begins. ...
Savings would last about a month on average, report says image
Source : BBC [Read Article] Sunday 4th of June 2017 11:05:50 PM
.... . As a general rule, many financial advisers suggest people have at least three months of salary saved in case of emergencies. ...
Yes, house prices are falling: but they probably won’t fall quickly image
.... But there is good news on this front, because pension deficits at the UK’s largest companies appear to be falling. Pension adviser Mercer said last week that the collective deficit of final salary pension schemes among FTSE 350 firms fell in the past month by more than £10bn – from £145bn to £134bn. ...
The strange death of strikes in Britain image
Source : Guardian [Read Article] Saturday 3rd of June 2017 06:00:46 AM
. A strike at BT is threatened after it emerged this week that the company may be drastically slashing its final salary pension scheme. ...
More than half of those retiring in 2017 are doing so early, says survey image
Source : Daily Express [Read Article] Friday 2nd of June 2017 12:01:00 AM
.... . Many people approaching their retirement may also be relying to some extent on "gold plated" defined benefit pension (DB) schemes, such as final salary pensions, which guarantee a certain level of income to people when they give up work. ...
BT considering closing defined-benefit pensions scheme for existing staff image
.... The Communications Workers Union, which represents Royal Mail as well as BT employees, has already threatened to hold a ballot for industrial action among members at the postal service. A defined-benefit pension is typically considered the most sought-after retirement plan available to employees, and pays an annual income based on a calculation based on years of service and either a career average or final salary. ...
Just the job? image
Source : BBC [Read Article] Monday 29th of May 2017 11:25:58 PM
....Another issue that can cause difficulties in job interviews is the proverbial "bottom line" - the actual going rate for the job. There was a time when job ads would, as a matter of course, contain details of the salary that the company was willing to offer. ...
Back to work image
Source : BBC [Read Article] Sunday 28th of May 2017 11:09:28 PM
....A further 29,000 will be underemployed - not working as many hours as they would like to. If this penalty was addressed it would add an average of £4,000 on to the salary of each returner. ...
'Working from home is having an adverse effect on your health' – our work expert responds image
.... It is a great life experience, but I can’t help but feel a little envious of the apprentices at my firm. They join at 18 and by 22 have had four years of experience, a good name on their CV, saved a bunch of money, don’t have to repay loans and are earning a salary that someone who joins on the graduate scheme at 21 will not get until they are 24. ...
What's the best way of paying off my interest-only mortgage? image
Source : Guardian [Read Article] Thursday 25th of May 2017 06:00:21 AM
.... I have two Isas and am thinking of starting another. Our monthly income is £3,500, made up of my flexi retirement salary, local government pension, state pension and my wife’s teacher’s pension. ...
SFO to investigate pension liberation scams image
Source : BBC [Read Article] Tuesday 23rd of May 2017 03:23:01 PM
....Investors to these schemes were told their money was being put into a variety of other assets, including property loans, as well as investments in Mauritius and Florida. Many individuals were persuaded by cold-callers to withdraw savings from final-salary schemes, where their money would have been safe, and their returns more generous. ...
Debt fears remain despite manifesto 'breathing space' plans image
Source : BBC [Read Article] Monday 22nd of May 2017 11:24:11 PM
....6bn on deals in March. The fear is that households, with a regular but stagnant salary, are using their income to fund an increasing amount of debt, leaving them at risk if interest rates were to rise from historic lows. ...
Shell shareholders to vote for new climate change goals image
Source : Guardian [Read Article] Sunday 21st of May 2017 10:38:07 AM
....CEO Ben van Beurden’s total pay was £7m in 2016, up 60% from £4. 7m in 2015, which Pirc said was excessive at 453% of his salary. ...
More Pritt Stick than Pippa  image
Source : BBC [Read Article] Thursday 18th of May 2017 11:00:06 PM
....The average cost of a wedding dress has fallen 25% year-on-year, according to online fashion retailer Lyst, from £1,329 to a still-not-insignificant £832. Engagement rings - which according to convention should cost between one and three months' salary - have seen spending fall to £1,080, an average of 19% less than a decade ago, according to insurer Protect Your Bubble. ...
Unite suspends planned BMW strikes after new offer image
Source : BBC [Read Article] Wednesday 17th of May 2017 04:06:09 PM
.... . Unite members were set to stage three walkouts later this month in a dispute over the closure of a final-salary pension scheme. ...
TransferWise becomes profitable six years after being founded image
....The two Estonians started TransferWise in 2011 in London. Mr Kaarmann had bills to pay in Estonia and his salary was in pounds, while Mr Hinrikus needed sterling to live in the UK but was being paid in euros. ...
Lloyds reaches landmark as government sells final shares image
Source : Guardian [Read Article] Tuesday 16th of May 2017 04:45:44 PM
....The chief executive will now face questions about whether he intends to stay on at the bank, which he joined in 2011 and immediately started to tackle the payment protection insurance mis-selling scandal which has cost Lloyds more than £17bn. He has received about £40m through salary, pensions, benefits and share bonuses since taking the helm and the removal of the taxpayer stake means he will have met the conditions attached to some of those bonuses, which will be released next year. ...
Tata Steel offers to pump £550m into closed pension fund image
Source : BBC [Read Article] Tuesday 16th of May 2017 04:01:04 PM
....It described those talks as "prolonged and intense". The proposed deal, which involves the UK's pensions regulator and the Pension Protection Fund (PPF), aims to absolve Tata Steel of any further responsibility for the final-salary scheme. ...
Labour reveals 'fat cat' tax pledge aimed at reining in excessive pay image
....5% levy on earnings above £330,000 and 5% on those above £500,000. Labour will justify the move – that will hit employers rather than workers and be calculated on the basis of basic salary, shares, bonuses and pensions rolled together – by claiming inequality is damaging society. ...
BP shareholders urged to reject chief's £9m pay package image
Source : Guardian [Read Article] Monday 15th of May 2017 09:12:53 AM
....The UK-based firm suffered a rare and humiliating shareholder rebellion last year when chief executive Bob Dudley’s £14m pay package was voted down, against the backdrop of record company losses. Another uprising is unlikely at the AGM on Wednesday, when investors will be asked to approve the £9m salary for Dudley in 2016 – 40% lower than in 2015 – as higher oil prices pushed the company back into profit. ...
Australian cricketers could strike over contract dispute image
Source : BBC [Read Article] Sunday 14th of May 2017 08:21:57 AM
....Australian cricketers are "prepared to strike" if a contract dispute is not resolved, which could have an impact on the Ashes at the end of the year. In March, Cricket Australia proposed salary increases for men and women, but this would mean players no longer receive a percentage of CA's revenue. ...
Foxtons' tweets win few fans – now the slowdown gives it little to sing about | Simon Goodley image
.... The company is fast developing a reputation for not always sticking exactly to its word. You will recall how there is currently an almighty row between the company and some staff about efforts to wriggle out of a defined benefit pension scheme – which pays out to employees based on years of service with either a career average or final salary. ...
Tesco chief executive Dave Lewis sees pay fall 10% image
Source : BBC [Read Article] Friday 12th of May 2017 02:48:01 PM
....The fall, disclosed in the annual report, came despite Tesco seeing a jump in profits and achieving its first annual sales growth in seven years. Mr Lewis' base salary remained at £1. ...
My boss messages me at all hours – what should I do? image
Source : Guardian [Read Article] Friday 12th of May 2017 06:00:11 AM
.... I am contracted to work 9-5 Monday to Friday, though the nature of my job entails I do small check-up tasks at home in the evening. In addition to this, I’m on a salary that’s little more than minimum wage, but I’m now doing work in the evening plus weekends. ...
Deliveroo overhauls controversial courier contracts image
Source : BBC [Read Article] Thursday 11th of May 2017 06:19:40 PM
.... . The gig economy - where people work on a job-by-job basis rather than being paid a salary and benefits - and zero-hours contracts have come under increasing scrutiny. ...
BT to shed 4,000 jobs in new overhaul image
Source : BBC [Read Article] Thursday 11th of May 2017 06:30:14 AM
....Both men understood the decision and would not have accepted a bonus if it had been approved, BT said. According to BT's 2016 annual report, Mr Patterson was paid a basic salary of £969,000 that year and was awarded bonuses worth £4m. ...
Energy regulator under scrutiny as both Tories and Labour vow to act image
Source : Guardian [Read Article] Wednesday 10th of May 2017 06:23:35 AM
....A second senior industry figure called him a “decent man” who is keen to listen and engage but said there was a “question mark over whether Ofgem under Nolan’s stewardship has the teeth to do what is right for the consumer if it flies in the face of what No 10 wants”. Another said he was very committed, and not just because of salary of up to £195,000 he received in 2015/16. ...
The soaring wedding day cost of guest appearances image
Source : Daily Express [Read Article] Wednesday 10th of May 2017 12:01:00 AM
....co. uk puts the average total wedding budget at a hefty £27,000, roughly the same as the average national salary. ...
John Lewis takes £36m hit for minimum wage error image
Source : BBC [Read Article] Tuesday 9th of May 2017 02:23:30 PM
....Other firms to have fallen foul of pay rules include Tesco, which said in March said it was compensating 140,000 current and former staff after a payroll error. Some of its staff were paid less than the National Living Wage after contributing part of their salary to pensions, childcare and cycle to work schemes. ...
Australia budget 2017: Treasurer unveils big banks tax image
Source : BBC [Read Article] Tuesday 9th of May 2017 12:13:11 PM
....But the government had already announced key aspects of the budget, including building a second Sydney airport, increasing university fees by 7. 5% by 2021, and lowering the salary threshold for university debt repayments from A$55,000 to A$42,000. ...
Employers add a ‘cheap place to live’ to list of staff perks image
Source : Guardian [Read Article] Sunday 7th of May 2017 06:00:25 AM
....”. The trainees, who will be paid what is described as an “entry-level” salary, will be commuting to the company’s base in Blackfriars in central London. ...
Apple can’t just make iPhones for ever. What’s next? image
Source : Guardian [Read Article] Sunday 7th of May 2017 06:00:25 AM
....6bn, Fallon told shareholders on Friday: “I don’t decide what CEOs get paid but I did decide once the payment was made that the right thing to do was buy shares in Pearson. ” No, Mr Fallon, after a year like 2016, the right course was to waive the bonus and rub along on your £780,000 salary. ...
'Your job is affecting your health and relationships' – our work expert responds image
.... This comes across in my CV, but is a far cry from what I really want to do. My biggest regret is that I have always wanted to work with animals or in wildlife conservation, as it’s something I’m passionate about, but despite applying for low-salary roles (in comparison to the salary I’ve been on), I can’t seem to get a foot in the door as my CV is not animal/conservation related in any way. ...
Lewis Hamilton takes pole position in Sunday Times sport rich list image
Source : Guardian [Read Article] Saturday 6th of May 2017 05:01:54 AM
....The 35-year-old Swedish international, who is currently injured, has commanded huge wages for a decade or more in a career taking in Paris Saint-Germain, AC Milan, Barcelona, Inter Milan – and now Manchester United. On top of his £220,000-a-week salary at Old Trafford, he also benefits from a long-term endorsement deal with Nike and has trademarked his first name with the Swedish Patent and Registration Office. ...
Pearson: two-thirds of shareholders reject pay package image
Source : BBC [Read Article] Friday 5th of May 2017 04:38:28 PM
....6bn pre-tax loss after writing down its US assets. Pearson, the former owner of the Financial Times, said Mr Fallon's basic salary was frozen and would remain so in 2017. ...
Putting you in the picture: yes, you can earn a living on Instagram image
.... There’s anecdotal evidence of some Instagrammers raking it in. Take Jack Morris and his girlfriend Lauren Bullen: the photogenic 20-somethings reportedly earn a six-figure salary from their travel-focused @doyoutravel Instagram feed, which has 2. ...
Marks and Spencer names Archie Norman as new chairman image
Source : BBC [Read Article] Friday 5th of May 2017 06:29:06 AM
.... . In interviews he admitted that it meant tough decisions, such as salary freezes and thousands of redundancies. ...
Watch me, watch me image
Source : BBC [Read Article] Thursday 4th of May 2017 11:15:21 PM
.... . YouNow not only provides her with a good salary - she earns £2,000-3,000 a month via the channel - but it has helped her gain exposure for her music. ...
Fears savers are being tricked OUT of gold-plated final salary pensions image
Source : Daily Express [Read Article] Thursday 4th of May 2017 11:49:00 AM
.... The financial regulator is set to look at advisor rules around the issue later this year amid the fears - but this could come too late for some people. Many companies have now closed final-salary pensions to new members as the schemes often resulted in huge deficits for employers. ...
'My parents want to help me but can't': readers on affording their first home image
....Both my wife and I agreed that renting, for our then 33-year-old son, was expensive, insecure and offered little if any pride in where you live. We knew he could not afford to save much on his low salary as a full-time teaching assistant and so decided to gift him money from our savings and to remortgage our own house so he can buy his own place and be mortgage free. ...
Voices of the 1%: how do Britain's highest earners feel about their income? image
....However, one City of London worker included in the study said she found it hard to reconcile how much she was paid compared with teachers, firefighters, nurses and doctors, who “clearly do something that’s much more important”. She said her salary could cover the annual pay of seven teachers: “Why do these people get paid so little, and people like me get paid so much? Is it right? I certainly don’t think I’m worth £140,000; that’s the truth. ...
Parents '10th biggest mortgage lender' image
Source : BBC [Read Article] Tuesday 2nd of May 2017 09:52:41 AM
....Stamp duty can also be an issue for some buyers, such as Rob Taylor, 30, and Hannah Wilkinson, 25. "My fiancee and I both started working as lawyers in August 2013 as trainees in London and immediately began saving for a house by putting about 30%-40% of our salary away. ...
Theresa May promised to tackle greedy bosses – instead she’s helping them | Polly Toynbee image
.... AGMs of 2012 were hailed as a “shareholder spring” though almost all votes against obscene pay failed, with barely a ripple of fear caused to boardrooms. The High Pay Centre reports executive pay still rising; CEOs in the FTSE 100 earn 130 times the average (not lowest) salary of their employees. ...
Where oil rigs go to die image
Source : Guardian [Read Article] Tuesday 2nd of May 2017 04:30:18 AM
.... Tervoort was “not interested in the politics” – as with the grounded fuel carrier she had dragged off a beach in Morocco, and the flaming cargo ship her team had boarded at sea, “a job’s a job. If people are happy making the signature on my salary, it’s OK. ...
Women make up same proportion of UK high earners as six years ago image
Source : Guardian [Read Article] Monday 1st of May 2017 11:01:11 PM
....”. Research suggests many UK employers were unprepared for the introduction of gender pay gap reporting, with only 42% saying they had sufficient salary information across roles and gender. ...
US screenwriters' strike averted image
Source : BBC [Read Article] Monday 1st of May 2017 05:59:37 PM
....The union also said writers were not sharing enough of the profits made from online streaming, which keeps shows and movies alive for years after first airing. The union estimates the average salary for TV writer-producers fell 23% in the last two years. ...
From corporate life to conservation – how can I make the switch? image
Source : Guardian [Read Article] Friday 28th of April 2017 06:00:03 AM
....My biggest regret is that I have always wanted to work with animals or in wildlife conservation, as it’s something I’m passionate about. Despite applying for low-paid roles (compared with the salary I’ve been on), I can’t seem to get a foot through the door as my CV is not animal or conservation related in any way. ...
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WPP to cut Sir Martin Sorrell's pay to £15m in bid to calm investors image
Source : Guardian [Read Article] Thursday 27th of April 2017 08:05:41 PM
.... This year’s annual meeting, to be held in June, will include a binding vote on WPP’s pay policy over the next three years. In December, the chair of WPP’s pay committee told MPs that Sorrell was not on a “superstar” salary but that he has been “rewarded very highly” for driving the WPP business. ...

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