You are currently browsing the monthly archive for June 2011.
Headline writers have a tendency to leap at large numbers, particularly those that they believe may provoke their target audience to outrage. So it was perhaps no surprise to see the front pages of certain newspapers claiming recently that public sector workers are ‘more than 40 per cent better off’ than employees in the private sector. More
If you want to see strong growth in pay and bonuses it pays to be in finance and business services. That has been the story for the past six months, when whole economy earnings growth has been at the subdued level of 2 per cent while pay growth in finance and business services has run at 4 to 5 per cent, approximately matching the inflation rate. Lower pay growth in manufacturing, retailing and construction offset the higher growth in finance. More
The RPI continues above 5 per cent for the fifth month running. Annual inflation as measured by the Retail Prices Index (RPI) was 5.2 per cent in May, the same as the rate for April. The RPI rose to 5.1 per cent in January 2011 and has remained above 5 per cent since then. Meanwhile, the Consumer Prices Index (CPI) measure of inflation stood at 4.5 per cent in May, unchanged from April. Recently announced price rises for electricity and gas by Scottish Power are expected to be followed by other power companies, and will feed through into inflation in coming months. More
As most people know, it’s only a matter of months before the Agency Regulations 2010 come into force – and for those who don’t know, we’re talking about 1 October – and many organisations have been gearing up for this for some time. When it comes to ensuring that agency workers receive equal treatment in respect of pay, one area that remains tricky, despite two consultation exercises and Government guidance on the Regulations, is that of bonuses. More
Anyone trying to make an early dash out of the city for the Bank Holiday weekend might have been hampered by a small group of disabled people and pensioners protesting against government spending cuts last week. A group of eight held up traffic on Oxford Street for an hour – two protesters in wheelchairs handcuffed themselves to the back of a double-decker bus and a 76-year-old pensioner chained himself to its doors. This very public display of opposition to cuts is accompanied by less widely reported action in the courts. More
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The latest analysis of pay settlements from IDSPay.co.uk shows that a clear gap has emerged between the levels of pay awards in the public and private sectors. The median pay award for the private sector in the three months to April is 3%, while in the public sector it is zero. More
