| THE EDITOR'S MESSAGE |
Issue 676 |
| FINANCE SECTOR GENDER PAY GAP LOOMS LARGEST |
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This issue includes our commentary on the government's Annual Survey of Hours and Earnings (ASHE) 2007, the most comprehensive pay benchmarking resource available to employers. We've accompanied a full breakdown of the results with some analysis of our own that we think you will find useful, such as calculations of the gender pay gap by sector. By far the biggest pay gap is in the finance sector, where women's hourly earnings are just 58.5% of those of men.
Our second feature is the last in our series on maternity pay and benefits, using findings from an IRS survey. It looks at good practice in managing benefits, bonuses and annual leave during maternity leave. There are no simple answers as so much depends on the type of benefit, bonus scheme and of course the extent to which the employer wants to go beyond compliance with the statutory minimum in each case. We provide links to the full range of guidance on this subject, which can be found on XpertHR.
You can also read features from the latest issue of our sister publication, Occupational Pensions, and the usual inflation/earnings forecasts and round-up of the latest pay deals.
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 Sarah Welfare
Editor
Pay and Benefits Bulletin |
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| ANALYSIS |
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ASHE 2007: Inflation outstrips earnings growth
IRS researcher/writer Michael Carty provides a commentary on the main findings of ASHE 2007, with links to the relevant data on XpertHR.
Managing benefits, bonuses and annual leave during maternity leave
Dealing with benefits, bonuses and annual leave during maternity leave can be confusing, with different rules applicable during periods of ordinary and additional maternity leave. This may be one reason why the majority of employers choose to go beyond statutory entitlements, as our survey finds.
Civil service adopts bold pension solution
Less than five years after the principal civil service pension scheme was restructured and modernised, it has been completely revised again. Occupational Pensions discusses the reasons for the change and describes the benefit structure that now applies to new entrants.
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| PAY AWARDS |
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| DATAFILE |
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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 3.1% in the second quarter. Average earnings growth of 3.7% is forecast for the first three months of 2008, rising to 4.1% in the second quarter.
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| MORE FROM IRS... |
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Today's tip: downloading policies and documents
XpertHR's policies and documents service provides subscribers with hundreds of model policies, contract clauses, letters and forms. Each one can be opened and saved in Microsoft Word. See the user guide on how to make the most of this section of the site.
Coming soon…
The next edition of Pay and Benefits Bulletin will include a round-up of public sector pay awards over the past year, plus analysis of pay deals in the three months to the end of November 2007.
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