• Workplace money matters: Ensuring the financial wellbeing of employees is more important now than ever

    By Charles Cotton, Senior Reward Advisor at the CIPD.

    What’s the problem?  

    A CIPD survey carried out in April 2020 of over 1,000 workers found 39% of them saying their financial security had worsened as a result of the COVID-19 lockdown. By contrast, just 12% reported an improvement during this period. 

    Those most likely to report a worsening in their financial security include:  

    • People whose household income is less than £20…
    • 1 Jun 2020
  • Closing the gender pay gap: keep calm and carry on reporting

    By Charles Cotton, Reward Adviser at the CIPD.

    The 
    COVID-19 outbreak is putting employers, employees and HR departments under incredible and unprecedented pressure. In light of which, it’s not too surprising that the Government Equalities Office (GEO) and the Equality and Human Rights Commission (EHRC), have suspended enforcement of the gender pay gap deadlines for this reporting year.  While we think this is a sensible move…

    • 26 Mar 2020
  • Time to finalise your gender pay gap narrative

    By Charles Cotton, CIPD senior adviser for Reward and Performance.

    There are just two weeks to go before employers must disclose their gender pay gap data (31 March for the public sector and 4 April for the private sector). To date, while around 2,400 employers have already submitted their figures, about 8,500 are busy getting their data ready to publish. 

    For HR professionals working for an organisation that’s just…

    • 16 Mar 2020
  • Closing the gender pay gap: how to compile an action plan

    By Jill Evans, Law Content Analyst at the CIPD.

    The TUC is calling on government to make action plans a compulsory part of gender pay gap reporting. Its latest analysis of ONS statistics shows that, since 2011, the gender pay gap has fallen by an average of 0.4% a year, so that at this rate, it will take until 2067 to close the gap. As the gender pay gap for all employees is 17.3%, the TUC calculates that, on average, women effect…

    • 9 Mar 2020
  • The gender pay gap: what you must report and what it tells you about your business

    By Charles Cotton, CIPD senior adviser for Reward and Performance.

    There are just five weeks left to publish your gender pay gap data (the deadline is 30 March for public sector employers and 4 April for those in the private and voluntary sectors). Ideally, you should have already captured and analysed your data. If not, here are some tips on what you need to do between now and the deadline.   

    And even if you have already…

    • 24 Feb 2020
  • Who’s been asking for a pay rise?

    Charles Cotton, CIPD senior adviser for reward and performance

    A CIPD survey of around 2,000 employees carried out last summer found 23% of them had asked their employer for a pay rise in the past few years. Further analysis found that men had been more likely to ask for a salary bump (25%) than women (20%).

    In this blog I look further at the data to see how similar, or different, responses are to this question by gender…

    • 28 Jan 2020
  • New corporate reporting rules: will they help restore trust in business and make them a better place to work?

    By Charles Cotton, Senior Adviser for Performance and Reward, CIPD

    CEO pay has been in the spotlight for some time now, but 2020 could be the year that businesses truly wake up to their responsibility to ensure that people throughout their workforce are paid fairly and appropriately for their contribution to organisational success – and maybe even start to change their view of what success looks like.  

    Whether you work …

    • 21 Jan 2020
  • 2019 CIPD Reward Management Survey: Conclusions and implications for managerial practice

    By Professor Emeritus Stephen J. Perkins, Global Policy Institute, London and London Metropolitan University

    To make sense of findings from the results in the CIPD 2019 Reward Management Survey report, a useful starting point is to ask how they evidence an answer to the following question: what is the purpose of paying people to work in organisations?

    There are shifts and continuities in the response put forward by academics…

    • 3 Dec 2019
  • CEO pay ratios — Hot Across The World : What’s Next?

    By Iain Stark, International HR leader and reward expert

    What is the “fair” level of CEO pay?  Into this debate comes the CEO pay ratio, especially since the crisis in 2008. 

    While many consider this metric a flawed and simplistic distraction from the real issues, others cite it is an element for transparency, shareholder engagement and focus on longer-term pay for performance.  There is momentum in many countries…

    • 30 May 2019
  • What’s New in Gender Pay Equity? Companies in the Spotlight

    By Iain Stark, International HR leader and reward expert

    As employers in the UK start to publish their second annual gender pay results, what is new in the rest of the world? The relatively limited impact so far in the UK has received a lot of commentary, and as always change will not be overnight. The focus of this blog is what lessons there may be from the approaches adopted by  other countries.

    The answer is that there…

    • 25 Mar 2019
  • ‘Our survey says’…

    Here, Dipa Mistry Kandola shares her top three takeaways from CIPD and LCP’s joint reward research.

    Our joint research highlights more employers than expected don't promote their benefits or make them easily accessible to employees.

    1. How can organisations get better at this?

    Making benefits accessible is a combination of ensuring the package is tailored for the audience and that there is regular, multi-channel…

    • 21 Dec 2018
  • Theory and practice: How the theory of mutual gains helps explain some of the results from this year’s Reward Management Survey. By Professor Stephen J. Perkins

    The apparent decline in benefits revealed by the CIPD reward management survey (although with no accompanying overall cost reduction trend) is at odds with evidence cited in our analysis for the report that employees still consider them important.

    This finding raises the following question for managerial practice: do benefits achieve what is expected of them?

    The theory of mutual gains helps explain continuing investment…

    • 20 Dec 2018
  • Benefits at Christmas time

    By Charles Cotton, Senior Adviser for Performance and Reward, CIPD

    This year’s CIPD reward management survey in association with LCP looks at the issue of employee benefits. It finds that there are a number of perks associated with the Christmas period.

    The most common benefit is a Christmas event, such as a party or lunch, with over 60% of respondents to our survey indicating that they provide one to all of their…

    • 7 Dec 2018
  • Colleagues with benefits: the pros and cons of employee segmentation

    By Charles Cotton, Senior Reward Adviser

    For employers, what are the advantages of segmenting the benefits that they offer to employees or segmenting the workforce when it comes to communicating the benefit package? Can such an approach help an organisation better target resources, or might it end up creating dissent and disunity?

    The 2018 reward management survey: focus on employee benefits, in partnership with LCP, finds…

    • 28 Nov 2018
  • When tax becomes taxing!

    In May 2018, the Government launched a consultation that proposes changes to who is responsible for determining the IR35 status of engagements.

    There are three proposals, but the preferred approach is to transfer from the contractor to the private sector organisation the responsibility for determining whether the off-payroll rules (IR35) apply to the engagement where an individual is providing their services through an…

    • 11 Jul 2018
  • Benefit matters

    By Charles Cotton, CIPD Public Policy Advsier

    Look at most research on reward and the focus is on pay. Such topics as executive remuneration, merit pay or sales-based incentives predominate. Similarly, a lot of public policy attention is given to such issues as CEO pay, minimum pay or public sector pay.

    However, when it comes to employee benefits, there is little research on this topic. This is odd, given that financial…

    • 23 May 2018
  • What’s the point of pay?

    By Charles Cotton, Public Policy Advisor at the CIPD. 

    The CIPD’s 2018 UK working lives gives us some interesting insights into employees’ satisfaction with their pay.

    Given that the survey only finds that only 45% of workers think that their pay is appropriate for the job they do, given their responsibilities and achievements, while 36% do not, there is room for improvement. By way of comparison, overall job…

    • 30 Apr 2018
  • Gender pay gap reporting: what have we learned from Year One?

    The deadline for firms with more than 250 employees to publish the average pay gap between male and female workers has now passed, and it’s been a year full of lessons. While some organisations struggled with the calculations, and many left reporting until the last day, what’s crucial is that we now have a benchmark from which employers can focus on improving progression and opportunities to achieve equality at all levels…

    • 5 Apr 2018
  • Gender pay gap reporting – tidying up the loose ends

    By Sheila Wild, founder of www.equalpayportal.co.uk and author of the CIPD guide to Gender Pay Gap Reporting

    With the reporting deadline fast approaching, over 1,600 organisations have so far published their gender pay gap reports. Rumour has it that many are intending to publish on International Women’s Day, which falls on the 8th March – we shall see. Meantime, it’s clear that, whatever the eventual compliance…

    • 7 Mar 2018
  • Pensions: A BAME perspective

    By Charles Cotton, Senior adviser for performance and reward, CIPD

    The survey commissioned by the CIPD to help inform the report Addressing the barriers to BAME employee career progression to the top, also asked some questions about whether workers from a BAME background were saving for their retirement. While we have carried out surveys of employees in the past about how they were saving for the time when they stopped…

    • 18 Dec 2017
  • Networks, performance and reward management exchanges

    Professor Stephen J. Perkins (co-author, CIPD annual reward management survey)

    It is common to refer to ‘reward systems’ and, reflecting on our findings in the CIPD 2017 reward management survey, clarity to inform understanding of this term may help practitioners in planning action to manage them.

    Organisations are made up of multilevel systems connecting social actors (i.e. individuals and groups of people…

    • 14 Dec 2017
  • The role of justice in reward management

    Professor Stephen J. Perkins (co-author, CIPD annual reward management survey)

    How can we begin to interpret findings from the 2017 CIPD reward management survey around fairness and transparency? Theory-informed commentary helps us by referring to issues that may be understood using the ideas of distributive, procedural and interactional justice. The first of these has tended to get the most publicity – questions of…

    • 13 Dec 2017
  • Employee financial well-being: aligning reward with people strategy

    By Charles Cotton, CIPD Senior Adviser for Performance and Reward

    The 13th of November marks the start of Financial Capability Week, the purpose of which is to celebrate, showcase and amplify existing financial capability initiatives and ultimately improve financial well-being.

    To mark this, the CIPD has polled HR professionals to ask if employee financial well-being is part of their organisation’s people management…

    • 13 Nov 2017
  • Gender pay gap reporting six months on

    By Sheila Wild, founder of www.equalpayportal.co.uk and author of the CIPD Guide to Gender Pay Gap Reporting

    Six months in to the process of gender pay gap reporting, what can we say? Not a lot. Of the several thousand or so organisations required to report annually on their gender pay gap, so far only 115 have done so. I don’t read too much into this, as it’s up to each organisation to choose its own reporting date…

    • 13 Oct 2017
  • Election puts the living wage in the spotlight

    By Katherine Chapman, Director, Living Wage Foundation.

    Since the snap election was announced there has been much talk about minimum wages and living wages. It is great to see such a focus on low pay ─ at a time when over half of people in poverty are in working households and with inflation set to rise, this has never been more important.

    At the same time, the debate is growing about the future of work and how the UK must…

    • 7 Jun 2017