| THE EDITOR'S MESSAGE |
Issue 675 |
| ASHE 2007 NOW ON XPERTHR |
 |
The findings of the UK's biggest wages survey - the 2007 Annual Survey of Hours and Earnings (ASHE), published by the Office for National Statistics - are now available to browse on XpertHR. They reveal that the gender pay gap has narrowed to its lowest "since records began", measuring 12.6% using median hourly earnings (or 17.2% using average earnings).
The survey also found that weekly earnings crept up by only 2.9% in the year to April 2007, lagging far behind inflation over that period. Pay settlements have remained strong, however, with our latest analysis showing pay awards running at 3.4% in the three months to the end of October 2007.
|
REWARD ROLES: YOUR VIEWS WANTED |
|
Does your organisation employ legions of specialist pay and benefits advisers to formulate and implement reward strategy, or is it left to just one overworked individual to ensure that everyone gets paid, salaries are fair and benefits are in line with the market?
IRS Pay and Benefits Bulletin is conducting a survey on how organisations manage and resource their pay and benefits function and would very much like to hear from you. Completing this survey will entitle you to a free copy of the report, covering reward responsibilities, outsourcing, using reward consultants, budgets and current challenges. You can complete the short survey by clicking here.
|
|
Sarah Welfare,
Editor, Pay and Benefits Bulletin |
|
|
| ANALYSIS |
|
Pay awards fall back to 3.4%
Pay settlements slipped back slightly to 3.4% over the three months to the end of October 2007, but remain relatively strong as the quieter part of the pay bargaining year progresses. Our monthly review of pay trends also takes a look at the latest Inflation Report from the Bank of England, published on Wednesday.
|
|
|
|
 Top |
| NEWS |
|
One small step closer to pay equality
The gender pay gap has narrowed to 12.6% using median hourly earnings and 17.2% using average earnings, according to the 2007 Annual Survey of Hours and Earnings released by the ONS. The full findings of the survey have been added to XpertHR's official figures page.
Median HR salary is £30,000 a year
HR professionals can expect to earn a median salary of £30,000 a year - up by 3.4% a year ago - according to the annual survey of HR pay from the CIPD and Croner.
Employer group delivers verdict on SSP
A working group of employers has rejected radical change to the statutory sick pay scheme, arguing that some simplifications to the current scheme should be combined with more help for employers in managing workplace absence.
IT salaries soar as recruitment hits five-year high
A buoyant IT labour market is forcing employers to push up advertised salaries, with those for permanent IT roles increasing by more than 8% on an annualised basis.
|
|
|
|
| Top |
| PAY AWARDS |
|
|
| Top |
| DATAFILE |
|
Statistics and forecasts
The datafile contains the most recent inflation, earnings and labour market statistics, pay settlement data and inflation and earnings forecasts. Headline inflation is expected to average 3.5% in the first quarter of 2008, falling to 3.2% in the second quarter. Average earnings growth of 3.7% is forecast for the first three months of 2008, rising to 4% in the second quarter.
|
|
|
|
| Top |
| MORE FROM IRS... |
|
Today's tip: time to update your browser
Are you still using Internet Explorer 5.5 or earlier? Very few people still are, but it can mean that XpertHR and other sites do not display properly on your screen. XpertHR is designed to work consistently across a range of modern browsers, so why not upgrade to the latest Internet Explorer, Mozilla
Firefox, Opera or Safari.
Coming soon...
The next edition of Pay and Benefits Bulletin will include more analysis of ASHE 2007 plus a report on how to handle benefits, annual leave and bonuses during maternity leave.
|
|
RELATED ARTICLES ON XPERTHR |
|
Missed something?
You can also see earlier editions of this e-journal and others published by IRS. More...
Still looking?
Try XpertHR's advanced search to specify what you want in detail and organise the results in date order or by relevance. More...
|
|
|
| Top |
|
