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August 31, 2010

What's happening to HR professionals' pay?

We are currently collecting pay data for the XpertHR core business salary surveys. These cover employees in HR, sales and marketing, finance and general management/admin functions. To find out more about taking part, click here.

I have also posted a piece about what's happening to HR professionals' own pay based on our most recent data on our new XpertHR Pay Intelligence blog. This blog is still in development, but if you would like a sneak pre-launch preview, click here.

Mark Crail | | Comments (0) | TrackBacks (0) |

August 27, 2010

Pregnancy discrimination: £45,000 award after employer pretended employee didn't qualify for statutory maternity pay

A tribunal in Northern Ireland has awarded £45,000 to a woman whose employer pretended that she was working part time while she was pregnant so that it didn't have to pay statutory maternity pay to her.

Continue reading "Pregnancy discrimination: £45,000 award after employer pretended employee didn't qualify for statutory maternity pay" »

Stephen Simpson | | Comments (0) | TrackBacks (0) |

August 26, 2010

Pay prospects 2011

Inflation is high, the prospects for the economy are uncertain and the impact of huge public spending cuts to come is unknown.

The latest data from XpertHR reveals that the median pay award was 1% in the three months to July 2010, but there are signs that pay awards may start to rise in value, with the proportion of pay freezes falling.

In this complex environment, how are you going to help your organisation decide what to pay employees in 2011?

Continue reading "Pay prospects 2011" »

Sheila Attwood | | Comments (0) | TrackBacks (0) |

August 19, 2010

XpertHR Salary Survey in the news


The Chartered Management Institute's analysis of the XpertHR National Management Salary Survey has been reported fairly widely today. For example the Telegraph, Guardian and Daily Mail have all covered the CMI's analysis of the survey.

In case you were wondering, here's a few lines about our approach to salary surveys. Firstly, where we get the data:

We use a consistent methodology to collect, verify and analyse company data. All data for any given survey is typically provided by an organisation's HR department who will provide demographic, pay and benefits data for each employee.
How we ensure consistent data:

Full Time Equivalent (FTE) salaries are provided for part time employees to ensure that part time salaries do not distort the overall results. Data is collected as accurate on a given date, to ensure that pay data is consistent from one participant to the next, and to allow year-on-year trends.
A slightly longer overview of our approach to salary surveys can be found here (PDF document, 531KB).

Continue reading "XpertHR Salary Survey in the news" »

Ed Cronin | | Comments (0) | TrackBacks (0) |

August 20, 2010

Pay awards stick at 1%

The headline measure of pay awards across the whole economy in the three months to the end of July 2010 stands at 1%, according the latest findings from IRS, published exclusively on XpertHR (subscription required). The median award has been at this low, but stable, level in each rolling quarter since January 2010.

Inflation on the retail prices index measure fell slightly to 4.8% in the year to July, from 5% the previous month, but pay awards are still lagging inflation by 3.8 percentage points. However, there are some signs that pay settlements may be making a recovery.

Continue reading "Pay awards stick at 1%" »

Rachel Sharp | | Comments (0) | TrackBacks (0) |

August 18, 2010

Employees deducted pay for toilet breaks bring employment tribunal claim

A group of factory workers who have to clock off and have deductions made from their pay every time they go to the toilet are taking their employer to an employment tribunal, according to the Daily Mail website.

Continue reading "Employees deducted pay for toilet breaks bring employment tribunal claim" »

Stephen Simpson | | Comments (0) | TrackBacks (0) |

August 20, 2010

Employment tribunal decisions making the headlines: 07.08.10 to 20.08.10

A round-up of links to news items on recent employment tribunal rulings, including: a police officer who was forced out after blowing the whistle on a colleague; an investment banker who is seeking £13.5 million after successfully claiming sex discrimination; and an Israeli lecturer who claimed religious discrimination after she converted to Christianity.

Continue reading "Employment tribunal decisions making the headlines: 07.08.10 to 20.08.10" »

Stephen Simpson | | Comments (0) | TrackBacks (0) |

August 19, 2010

Women face 57-year wait for equal pay

New figures derived from XpertHR salary surveys data suggest that UK businesses are still more than five decades away from paying men and women equally. What follows is based on the press release we and the Chartered Management Institute issued today.

A detailed analysis of data from the XpertHR National Management Salary Survey carried out by the Chartered Management Institute (CMI), which has been associated with the report since its launch in the early 1970s, reveals that women's salaries increased by 2.8 per cent over the past 12 months, compared to 2.3 per cent for men.

Continue reading "Women face 57-year wait for equal pay" »

Mark Crail | | Comments (0) | TrackBacks (0) |

August 12, 2010

Weak earnings growth completes picture of lacklustre labour market

Besides the mixed picture on unemployment, the monthly labour market statistics released yesterday (PDF format, 327.8k) show that average earnings growth has slowed, with the headline rate at half that of the previous month's figure.

Average weekly earnings growth (including bonuses) for the whole economy was 1.3% in the year to June 2010, compared to 2.7% in the 12 months to May.

To some extent, this represents the annual bonus round - which usually bolsters total pay growth in the first quarter of the year - falling out of the earnings figures. The slowdown was certainly most pronounced in the private sector, with total earnings growth slowing to 0.8% in the 12 months to June from 2.9% the year to May, compared with a fall from 1.6% to 1.4% in the public sector.

Continue reading "Weak earnings growth completes picture of lacklustre labour market" »

Sarah Welfare | | Comments (0) | TrackBacks (0) |

August 9, 2010

National minimum wage 2010/2011: Why some 21 year-olds will be enjoying a 22.8% pay increase

The adult rate of the national minimum wage will be extended to 21 year-old workers from October 2010 (subscription required) (it is currently paid to workers aged 22 and over). This means that workers who have turned 21 prior to 1 October and who are receiving the national minimum wage when the 2010/2011 national minimum wage uprating comes into effect can look forward to an increase that is effectively worth (what is likely to prove to be) an inflation-busting 22.8%.

Continue reading "National minimum wage 2010/2011: Why some 21 year-olds will be enjoying a 22.8% pay increase" »

Michael Carty | | Comments (0) | TrackBacks (1) |

July 29, 2010

Local government pension scheme: change needed but radical reform not a good idea

A report out today from the Audit Commission (PDF format 1.15Mb, external website) looks at ways to reform the Local Government Pension Scheme (LGPS).

It's quite a technical report on the funding issues, but worth a look as a preview of the issues that are likely to appear in the interim report of John Hutton's Public Service Pensions Commission which is expected next month (final report by Budget 2011).

Continue reading "Local government pension scheme: change needed but radical reform not a good idea" »

Sarah Welfare | | Comments (0) | TrackBacks (0) |

July 23, 2010

Pay rises still low despite high inflation

Pay awards in both the private and public sectors remain low despite high headline inflation, according to the latest research from IRS published exclusively on XpertHR (subscription required).

Our provisional analysis shows that pay awards were worth a median 1% in the three months to the end of July 2010 - four whole percentage points below the cost of living as measured by Retail Prices Index (RPI), which was 5% in June.

Continue reading "Pay rises still low despite high inflation" »

Sarah Welfare | | Comments (0) | TrackBacks (0) |

July 14, 2010

Below-inflation pay awards are here to stay, says OBR member

UK workers have already suffered one year of below-inflation pay awards (in 2009), and this situation is unlikely to change in the near-term. Pay awards will continue to undershoot inflation until at least 2013, according to Office for Budget Responsibility (OBR) member Geoff Dicks.

Continue reading "Below-inflation pay awards are here to stay, says OBR member" »

Michael Carty | | Comments (0) | TrackBacks (0) |

July 7, 2010

Public sector pensions: the row hots up

A report is out today (PDF format 762K, external website) from the Public Sector Pensions Commission, which was set up in 2009 by the Institute of Economic Affairs, the Institute of Directors and others. You can read the press release on their website here.

Continue reading "Public sector pensions: the row hots up" »

Sarah Welfare | | Comments (1) | TrackBacks (0) |

July 9, 2010

Employment tribunal decisions making the headlines: 26.06.10 to 09.07.10

A round-up of links to news items on recent employment tribunal rulings, including: compensation for a Protestant teacher who was made redundant in Northern Ireland; a payout for a property lettings agent who claimed that her boss asked her to lie in court; and an unsuccessful unfair dismissal claim by a postal worker who took time off work to grieve after the death of her pet dog.

Continue reading "Employment tribunal decisions making the headlines: 26.06.10 to 09.07.10" »

Stephen Simpson | | Comments (0) | TrackBacks (0) |

July 7, 2010

Pay prospects 2011 to 2015: Wages and salaries to bounce back strongly in the age of austerity?

Growth in wages and salaries paid to UK workers will rebound sharply over the coming years, even as economic growth struggles to recover and the full impact of the coalition Government's package of economic austerity measures kicks in. This is according the Office for Budget Responsibility (OBR).

Continue reading "Pay prospects 2011 to 2015: Wages and salaries to bounce back strongly in the age of austerity?" »

Michael Carty | | Comments (0) | TrackBacks (0) |

June 30, 2010

National minimum wage increase 2010/2011: A crutch for pay awards in Q4 2010?

With pay freezes once again in the ascendant, it is quite possible that the 2.2% national minimum wage uprating - which the Government last week confirmed will come into effect as planned on 1 October 2010 - could look like "the only show in town" when it comes to pay settling in the closing months of 2010. Such a development would be in line with an ongoing reversal of the traditional "national minimum wage effect".

Continue reading "National minimum wage increase 2010/2011: A crutch for pay awards in Q4 2010?" »

Michael Carty | | Comments (1) | TrackBacks (0) |

June 23, 2010

Public sector pay 2010: school teachers' pay rise confirmed

The Secretary of State for Education, Michael Gove, confirmed on 22 June 2010 that the final stage of the three-year pay award for school teachers (subscription required) will be honoured by the Government.

Continue reading "Public sector pay 2010: school teachers' pay rise confirmed" »

Rachel Sharp | | Comments (0) | TrackBacks (0) |

Emergency Budget 2010: Pay freeze hits civil service in 2010

The Chancellor's emergency Budget announcement of a two-year freeze on public sector pay from 2011-12 - with the exception of those earning £21,000 a year or less - was hardly a big surprise. The policy appears to combine elements of the Conservative party's election manifesto commitment to freeze public sector pay for 2011-12 for all but the lowest earners and the Liberal Democrat proposal to limit increases to £400 per person for two years, and had been hinted at prior to the Budget announcement.

Continue reading "Emergency Budget 2010: Pay freeze hits civil service in 2010" »

Rachel Sharp | | Comments (0) | TrackBacks (0) |

June 21, 2010

National minimum wage 2010/2011: Government confirms October 2010 increase will go ahead as planned

The coalition Government has accepted the Low Pay Commission's (LPC) recommendations for the 2010/2011 national minimum wage increase, which is scheduled to come into effect on 1 October 2010.

Continue reading "National minimum wage 2010/2011: Government confirms October 2010 increase will go ahead as planned" »

Michael Carty | | Comments (2) | TrackBacks (3) |

June 29, 2010

Benchmarking IT pay: Low pay rises for computer staff in 2010

Pay rises for IT staff are subdued as a direct result of the continuing effects of the recession. This is among the key findings of detailed benchmarking research on computer staff salaries undertaken by XpertHR Salary Surveys.

Continue reading "Benchmarking IT pay: Low pay rises for computer staff in 2010" »

Michael Carty | | Comments (0) | TrackBacks (0) |

July 6, 2010

Pay trends: Could the headline pay award fall back to zero?

Are we likely to see the headline whole-economy pay award fall back to the record low of zero over the coming months?

Continue reading "Pay trends: Could the headline pay award fall back to zero?" »

Michael Carty | | Comments (0) | TrackBacks (0) |

June 25, 2010

Pay trends June 2010: Pay awards hold at 1% as "age of austerity" begins

The headline whole-economy pay award shows no signs of budging from 1% (subscription required) over the three months to 31 May 2010, according to latest pay trends data from IRS for XpertHR. But the gap between pay and inflation remains wide, while pay freezes are still common.

Continue reading "Pay trends June 2010: Pay awards hold at 1% as "age of austerity" begins" »

Michael Carty | | Comments (0) | TrackBacks (0) |

June 22, 2010

Benchmarking regional pay in 2010: London allowances frozen

A majority of employers have frozen their London allowance over the past year, according to 2010 benchmarking research on regional pay from IRS for XpertHR.

Continue reading "Benchmarking regional pay in 2010: London allowances frozen" »

Michael Carty | | Comments (0) | TrackBacks (0) |

June 11, 2010

Benchmarking benefits and allowances in 2010

Today, XpertHR presents the first part of our major annual series on benefits and allowances, providing extensive benchmarking data on the benefits and allowances packages that employers are offering in 2010 (subscription required), the changes made and planned to benefits offerings. The first part of the survey analysis reveals how benefits and allowances fared through the 2008/2009 recession and which benefits and allowances are top of the agenda for the coming year. It also looks at flexible benefits, voluntary benefits and salary sacrifice arrangements.

Continue reading "Benchmarking benefits and allowances in 2010" »

Michael Carty | | Comments (0) | TrackBacks (0) |

June 15, 2010

Benchmarking benefits: What are the top 10 benefits and allowances in 2010?

The recession has had a comparatively limited impact on UK employers' benefits offerings, with some of the most expensive benefits maintaining their popularity, according to 2010 benchmarking research from IRS for XpertHR. The survey also reveals the top 10 benefits and allowances in 2010.
Top10Benefits2010.gif

Continue reading "Benchmarking benefits: What are the top 10 benefits and allowances in 2010?" »

Michael Carty | | Comments (0) | TrackBacks (0) |

June 4, 2010

Public sector pay slowdown begins

Latest pay trends data from IRS for XpertHR suggest that a slowdown in public sector pay awards is getting underway (external website) in 2010.

Continue reading "Public sector pay slowdown begins" »

Michael Carty | | Comments (0) | TrackBacks (0) |

June 1, 2010

We Want Sex: equal pay film trailer debuts

The trailer has been launched for a new British film based on the true story of a group of female machinists in a Dagenham car plant who protested for equal pay in 1968.

Continue reading "We Want Sex: equal pay film trailer debuts" »

Stephen Simpson | | Comments (0) | TrackBacks (0) |

Public sector pay: Government publishes salaries of highest-earning civil servants

Today the Government published a list of "most" senior civil servants paid more than £150,000 a year (Excel format 19.9K, on the Cabinet Office website), as part of a drive which it says is intended to improve transparency, increase accountability and deliver better value for money. The list gives an "annual pay rate" for each person which includes taxable benefits and allowances.

Continue reading "Public sector pay: Government publishes salaries of highest-earning civil servants" »

Sarah Welfare | | Comments (0) | TrackBacks (0) |

June 2, 2010

What will George Osborne's emergency budget mean for the national minimum wage in 2010/2011 and beyond?

The precarious economic situation means that Chancellor George Osborne's emergency budget will be very closely watched when it is delivered later this month (on Tuesday 22 June 2010). But beyond the likely headline-grabbing measures relating to public spending cuts and other actions geared toward tackling the budget deficit and shoring up economic recovery, there will be a host of other interesting aspects to the emergency budget. Not least among which is the fact that this is the first time that a Conservative Chancellor has had the opportunity to determine policy on the national minimum wage since its introduction in 1999. So what might Osborne's emergency budget have in store for the national minimum wage?

Continue reading "What will George Osborne's emergency budget mean for the national minimum wage in 2010/2011 and beyond?" »

Michael Carty | | Comments (0) | TrackBacks (0) |

May 28, 2010

Pay trends May 2010: Record gap between pay and inflation

The headline pay award held firm at 1% over the three months to 30 April 2010 (subscription required), according to latest pay trends data from IRS for XpertHR. However, as inflation continues to soar, the gap between pay awards and inflation is now wider than it has ever been before.

Continue reading "Pay trends May 2010: Record gap between pay and inflation" »

Michael Carty | | Comments (0) | TrackBacks (2) |

May 20, 2010

Coalition government programme: gearing up for a fight with public sector unions

The coalition government has now published its "programme for government" (PDF format, 475Kb on the Cabinet Office website) and Personnel Today has already pulled out the key implications for HR.

The document suggests that the coalition is happy to pick specific fights with some major public sector employee groups in seeking to cut spending.

Continue reading "Coalition government programme: gearing up for a fight with public sector unions" »

Sarah Welfare | | Comments (0) | TrackBacks (0) |

May 13, 2010

Public sector pay 2010: Reversal of fortunes in prospect?

Public sector pay awards tended to outpace private sector settlements over the course of the recession. But this pattern looks set to be reversed (external website) as a direct result of post-election austerity measures, according to the Labour Research Department (LRD).

Continue reading "Public sector pay 2010: Reversal of fortunes in prospect?" »

Michael Carty | | Comments (0) | TrackBacks (0) |

May 4, 2010

General election 2010: Brown says national minimum wage "will reach £7" per hour by end of next Parliament in 2015

Prime minister Gordon Brown has stated that if the Labour party wins the 2010 general election, the national minimum wage "will reach £7 [per hour] on reasonable assumptions by the end of the Parliament" (external website). This was part of Brown's speech to Citizens UK yesterday (Sunday 3 May 2010), in which he also reaffirmed Labour's manifesto commitment to ask government departments to "follow the lead of those who already pay the Living Wage" within their existing budgets (the London living wage is currently set at £7.60 per hour). But it is worth taking a closer look at these comments.

Continue reading "General election 2010: Brown says national minimum wage "will reach £7" per hour by end of next Parliament in 2015" »

Michael Carty | | Comments (0) | TrackBacks (0) |

April 30, 2010

Employment tribunal decisions making the headlines: 17.04.10 to 30.04.10

A round up of links to news items on recent employment tribunal rulings, including: a huge equal pay win for council workers in Birmingham; the unfair dismissal of a receptionist who allegedly made her boss look stupid on Facebook; and an employment tribunal victory for fixed-term university staff.

Continue reading "Employment tribunal decisions making the headlines: 17.04.10 to 30.04.10" »

Stephen Simpson | | Comments (1) | TrackBacks (0) |

April 28, 2010

National minimum wage rises by 61% between 1999 and 2009

The national minimum wage has risen significantly between its introduction in April 1999 and its most recent increase (which came into effect on 1 October 2009), climbing over this period from the introductory rate of £3.60 per hour to its current level of £5.80 per hour. This represents an increase of 61.1% over the 10-year period between 1999 and 2009 (subscription required).

Continue reading "National minimum wage rises by 61% between 1999 and 2009" »

Michael Carty | | Comments (0) | TrackBacks (1) |

April 26, 2010

Benefits & allowances: Final call for the 2010 IRS/XpertHR benchmarking survey

If you haven't yet done so, tomorrow (Tuesday 27 April 2010) is your last chance to take part in the 2010 IRS/XpertHR benefits and allowances benchmarking survey. The results of the survey will provide you with the chance to see how your benefits package stacks up against those at other organisations, and to identify best practice on benefits and allowances.

Continue reading "Benefits & allowances: Final call for the 2010 IRS/XpertHR benchmarking survey" »

Michael Carty | | Comments (0) | TrackBacks (0) |

Pay awards: What chance a wage-price spiral in 2010?

With pay awards having settled into a low but stable pattern so far in 2010, the risk of a wage-price spiral - in which higher inflation, coupled with higher inflation expectations, would feed through into higher wage demands - might seem distant. But this remains a key concern for the Bank of England Monetary Policy Committee (MPC) - the body responsible for setting interest rates and trying to keep inflation in check.

Continue reading "Pay awards: What chance a wage-price spiral in 2010?" »

Michael Carty | | Comments (0) | TrackBacks (0) |

April 23, 2010

Pay trends April 2010: Pay deals hold at 1% in first quarter of 2010

The headline pay award stands at 1% over the three months to 31 March 2010 (subscription required), according to latest pay trends data from IRS for XpertHR. This suggests that pay deals are failing to budge from the low pattern seen in 2009.

Continue reading "Pay trends April 2010: Pay deals hold at 1% in first quarter of 2010" »

Michael Carty | | Comments (0) | TrackBacks (1) |

April 20, 2010

General election 2010: Bankers' bonuses

The latest election analysis from the Centre For Economic Performance covers bankers' bonuses (on the CEP website, PDF format 72Kb), as part of the series of that was launched a couple of weeks ago.

Sarah Welfare | | Comments (0) | TrackBacks (0) |

April 16, 2010

Why it pays to benchmark benefits and allowances in 2010: Take part in the XpertHR survey

With pay freezes remaining an all-too-common feature of the reward landscape in 2010, benefits and allowances represent an excellent way for cash-strapped employers to differentiate their reward offerings. Taking part in our 2010 benefits and allowances benchmarking survey will provide you with the chance to see how your benefits and allowances package compares with those of your competitors.

Continue reading "Why it pays to benchmark benefits and allowances in 2010: Take part in the XpertHR survey" »

Michael Carty | | Comments (0) | TrackBacks (0) |

April 15, 2010

General election 2010: Manifesto pledges on pay and pensions (Liberal Democrats)

In their 2010 general election manifesto (external website), the Liberal Democrats pledge to:

  • Set a £400 pay rise cap for all public sector workers, initially for two years (presumably from 2011, as many 2010 pay awards have already been agreed?);
  • Introduce fair pay audits to combat pay discrimination for all firms with over 100 employees (note that the policy is for fair pay audits, broader than gender pay audits);

Continue reading "General election 2010: Manifesto pledges on pay and pensions (Liberal Democrats)" »

Sarah Welfare | | Comments (0) | TrackBacks (0) |

General election 2010: Manifesto pledges on pay and pensions (Conservatives)

In its 2010 general election manifesto (external website), the Conservative Party says that if elected, it would:

  • Require national and local public bodies to publish the salaries and expenses of senior officials paid more than the lowest salary permissible in Pay Band 1 of the Senior Civil Service pay scale (this is currently £58,200 a year);
  • Implement a public sector pay freeze for one year in 2011, excluding the one million lowest-paid workers;

Continue reading "General election 2010: Manifesto pledges on pay and pensions (Conservatives)" »

Sarah Welfare | | Comments (0) | TrackBacks (0) |

General election 2010: Manifesto pledges on pay and pensions (Labour)

Building on Michael Carty's post on the minimum wage, I've been looking at the major parties' manifesto promises on pay and pensions. There are a lot of them, so I'll cover Labour here and post separately on the Conservatives and the Liberal Democrats.

As Duncan Brown writes on the Public Finance blog, a focus on driving down the cost of public sector pay and pensions was to be expected in the manifestos (external website). "What is much  more of a surprise is the way in which pay is, secondly, being used to reinforce a core theme in all the major parties' manifestos, which is fairness and transparency," he says.

Continue reading "General election 2010: Manifesto pledges on pay and pensions (Labour)" »

Sarah Welfare | | Comments (0) | TrackBacks (0) |

April 14, 2010

National minimum wage: What the 2010 general election manifestos promise

The main political parties have now published their manifestos for the 2010 general election (which takes place in less than one month's time, on Thursday 6 May 2010). Here we round up their promises on the national minimum wage.

Continue reading "National minimum wage: What the 2010 general election manifestos promise" »

Michael Carty | | Comments (0) | TrackBacks (1) |

April 13, 2010

Benefits and allowances survey 2010: benchmark your benefits

When IRS and XpertHR salary surveys conducted the annual survey of benefits and allowances in April 2009 (subscription required), we found a theme of employers anticipating that they would be reviewing their benefits over the following 12 months to ensure that they were cost-effective. As the recession has seen pay awards falling, and pay freezes becoming widespread, how has the provision of benefits changed?

We are now conducting our 2010 survey of benefits and allowances, which gives organisations a chance to benchmark their benefits offering. As well as looking at changes made over the past year, the survey examines which benefits are expected to be reviewed in the coming 12 months.

Continue reading "Benefits and allowances survey 2010: benchmark your benefits" »

Rachel Sharp | | Comments (0) | TrackBacks (0) |

April 9, 2010

Benefits & Allowances 2010: take part in the XpertHR survey


Are your benefits up to date?

The 2010 IRS and XpertHR salary survey benefits and allowances survey is your opportunity to benchmark your organisation's arrangements for free.

Click here to take part in the 2010 benefits and allowances survey.

Participating in our research ensures that you will receive:
  • A free copy of the 2010 benefits and allowances report published by IRS;
  • Free access to last year's four benefits and allowances reports;
  • Entry into a prize draw with a chance to win one of five £25 M&S vouchers; and
  • The special participant rate of £520 for access to detailed metrics across all key benefits and allowances, including breakdowns by seniority, locality, industry and more from XpertHR salary surveys, powered by CELRE (non participant price £1,040).

Employee benefits covered in detail by this survey include:
  • Medical insurance;
  • Permanent health insurance;
  • Car allowances;
  • Mileage rates;
  • Subsistence allowances; and,
  • Pensions.


Continue reading "Benefits & Allowances 2010: take part in the XpertHR survey" »

Ed Cronin | | Comments (0) | TrackBacks (0) |

April 6, 2010

Japanese mayor makes headlines for taking paternity leave

A district mayor in Tokyo has become the first local government leader in Japan to take paternity leave, reports the BBC website.

Continue reading "Japanese mayor makes headlines for taking paternity leave" »

Stephen Simpson | | Comments (0) | TrackBacks (0) |

March 30, 2010

Top 10 line manager briefings

What issues do line managers deal with on a daily basis? We’ve gathered data to come up with our 10 most popular line manager briefings since January 2009 (which might go some way to providing the answer).

Continue reading "Top 10 line manager briefings" »

Bar Huberman | | Comments (1) | TrackBacks (0) |

April 7, 2010

Public sector pay restraint in 2010: A taste of things to come?

The announcement last month of pay freezes for some senior civil servants, and low pay increases for many other public sector workers (the complexities of which are explained here by IRS pay and benefits editor Sarah Welfare) could represent an overture toward the public spending cuts that will follow the 6 May 2010 general election. The reactions they have provoked could also represent a foretaste of the direction public sector industrial relations will take over the coming years.

Continue reading "Public sector pay restraint in 2010: A taste of things to come?" »

Michael Carty | | Comments (0) | TrackBacks (0) |

March 25, 2010

Budget 2010: code of practice to govern senior public sector pay

The code of practice on top-level reward in the public sector announced in the Budget 2010 is set out in draft form in the initial report on public sector senior pay by the Review Body on Senior Salaries (on external website).

Continue reading "Budget 2010: code of practice to govern senior public sector pay" »

Rachel Sharp | | Comments (0) | TrackBacks (0) |

March 20, 2010

National minimum wage: Labour manifesto to promise "radical increase" for 2011/2012 and beyond?

The Labour party manifesto for the 2010 general election is likely to promise the possibility of a "radical increase" to the national minimum wage (external website), should the government remain in power, according to a report in today's Guardian. Although no timetable for the proposed increase is given, it would seem likely that it would be expected with the 2011/2012 national minimum wage uprating (due to come into effect on 1 October 2011).

Continue reading "National minimum wage: Labour manifesto to promise "radical increase" for 2011/2012 and beyond?" »

Michael Carty | | Comments (0) | TrackBacks (0) |

March 19, 2010

Countdown to Budget 2010: a week of mixed news for the Chancellor

With Budget 2010 just a few days away, there has been both good and bad news for the Chancellor this week.

On Wednesday, the labour market figures revealed a significant drop in unemployment and the claimant count, leading some experts to comment that unemployment may now have peaked (on the Independent website). The Centre for Economic and Social exclusion has put all the figures into easy-to-read charts on their website.

Continue reading "Countdown to Budget 2010: a week of mixed news for the Chancellor" »

Sarah Welfare | | Comments (0) | TrackBacks (0) |

Employment tribunal decisions making the headlines: 06.03.10 to 19.03.10

A round up of links to news items on recent employment tribunal rulings, including: an unsuccessful age discrimination claim by a TV journalist; the first decision on trade union blacklisting; and an award for a chip shop worker who was dismissed for giving away chips.

Continue reading "Employment tribunal decisions making the headlines: 06.03.10 to 19.03.10" »

Stephen Simpson | | Comments (0) | TrackBacks (1) |

Pay awards stand at 1% in February 2010, but outlook is uncertain

With the economy making a faltering return to growth, whole-economy pay awards also appear to be showing tentative signs of recovery, according to latest benchmarking research from IRS for XpertHR. The headline pay award stood at 1% over the three months to 28 February 2010. But closer analysis reveals a more complex picture: pay freezes remain commonplace; and continuing economic and political uncertainty at a busy time for pay setting means that the outlook for settlements is unclear.
IRSPaychart19March2010.gif


Continue reading "Pay awards stand at 1% in February 2010, but outlook is uncertain" »

Michael Carty | | Comments (0) | TrackBacks (0) |

March 18, 2010

Sickness absence: get familiar with the new fit note

Whether you are an employer, employee or doctor, now is a good time to get familiar with the layout of the new fit note, which replaces the traditional sick note from 6 April 2010. A new entry on the statement of fitness for work [subscription required] in the XpertHR policies and documents section brings together the Government's sample version, official guidance for employers and doctors, and an overview of the law relating to the new fit note.

Continue reading "Sickness absence: get familiar with the new fit note" »

Stephen Simpson | | Comments (0) | TrackBacks (0) |

March 11, 2010

2010 public sector pay freeze not as simple as it sounds

Despite the public sector pay freezes announced yesterday (see the coverage in the Guardian, Telegraph and Financial Times, plus the reactions from the First Division Association and the British Medical Association, all on external websites) many public sector employees will still be getting a pay rise in 2010.

Continue reading "2010 public sector pay freeze not as simple as it sounds" »

Sarah Welfare | | Comments (3) | TrackBacks (0) |

March 25, 2010

National minimum wage 2010/2011: 2.2% increase to £5.93 per hour announced for October 2010

The Government has announced the national minimum wage rate for 2010/2011 (external website). With effect from 1 October 2010, the national minimum wage adult rate will rise from its current level of £5.80 per hour to £5.93 per hour, an increase of 2.2%. As previously announced, the adult rate of the national minimum wage will be extended to 21 year-old workers from October 2010 (subscription required) (it is currently paid to workers aged 22 and over).

Continue reading "National minimum wage 2010/2011: 2.2% increase to £5.93 per hour announced for October 2010" »

Michael Carty | | Comments (3) | TrackBacks (1) |

March 10, 2010

Prime Minister confirms 2010 pay freeze for senior public servants

As well as announcing the date of the 2010 Budget, the Prime Minister also made some announcements on public sector pay this morning.

In his speech on the economy, he confirmed that there would be no pay rises for senior civil servants, the senior military, the judiciary, senior NHS managers, consultants, GPs or dentists from April 2010.

All these groups have their pay rates recommended by public sector review bodies, which published reports today setting out their proposals. Reports on pay in the prison service and armed forces have also been published.

You can find a statement confirming which proposals the government has accepted or rejected on the Number 10 website.

As the Prime Minister had already pre-announced that these groups were going to have their pay frozen (see our round-up of public sector pay on XpertHR - subscription required), it was quite brave of the senior salaries review body to recommend that senior NHS managers earning less than £80,000 should get a 2.25% pay rise, which the government rejected. 

The Prime Minister also confirmed that government ministers would not be seeing ministerial pay rise in 2010-11 nor would they be taking up the 1.5% pay increase for all MPs from April 2010 that was announced last week.

Sarah Welfare | | Comments (0) | TrackBacks (0) |

March 11, 2010

Research request: regional pay

Regional pay can help employers to meet differing recruitment and retention needs in local labour markets. There are, however, significant issues that employers need to resolve when implementing successful regional pay arrangements: how much, where and why.

Taking part in this IRS survey will provide you with the very latest information on regional pay arrangements.

This survey is a named practice survey to allow participants to benchmark their policies against those of other organisations. It closes on 26 March 2010. Please contact Adam Geldman on 01780 481 195 if you have any questions regarding this research.

Continue reading "Research request: regional pay" »

Ed Cronin | | Comments (0) | TrackBacks (0) |

March 8, 2010

Guidance on fit notes

On 6 April 2010, the new statement of fitness for work, or "fit note" comes into effect. Doctors will be able to advise that an employee "may be fit for work taking account of the following advice" and suggest arrangements that could help the employee return to work. The fit note is intended to give employers and employees greater flexibility in managing sickness absence and result in fewer employees being signed off work when they could do some work with appropriate support.

Continue reading "Guidance on fit notes " »

Clio Springer | | Comments (0) | TrackBacks (0) |

March 15, 2010

Pay awards in 2010: Will UK workers continue to accept pay restraint?

The willingness of UK workers to accept severe pay restraint - in many cases involving pay freezes - has helped many employers minimise job cuts and weather the worst of the 2008/2009 recession. However, with tentative economic recovery now underway and inflation soaring, it remains to be seen if UK workers and trade unions will tolerate a second successive year of pay restraint.

Continue reading "Pay awards in 2010: Will UK workers continue to accept pay restraint?" »

Michael Carty | | Comments (0) | TrackBacks (0) |

March 8, 2010

Benchmarking computer staff salaries with XpertHR

XpertHR's salary survey unit will shortly be sending participation packs for the Computer Staff Salary Survey to organisations which have previously taken part in this long-running research.

Find out more about participating in the Computer Staff Salary Survey or call us on 020 8652 2159.

Continue reading "Benchmarking computer staff salaries with XpertHR" »

Mark Crail | | Comments (0) | TrackBacks (0) |

March 5, 2010

Asda's innovative move on agency workers

An interesting development this week as UK employers prepare for the introduction of new agency worker regulations next year.

Supermarket Asda has struck a deal with trade union Unite that will see thousands of temps working for its suppliers receive the same pay and rights as permanent employees.

Unite said 6,000 workers, who were mostly migrants, would win improved pay under the agreement, which covers 29 suppliers. Asda will now liaise with the suppliers, agencies that provide migrant workers and unions to raise the estimated £2.4m needed to ensure that temporary workers are on the same rates as their permanent colleagues.

Continue reading "Asda's innovative move on agency workers" »

Mike Berry | | Comments (0) | TrackBacks (0) |

March 3, 2010

Pay awards: Three-fifths of UK workers expect a pay freeze in 2010

Pay freezes look as if they're here to stay in 2010. Around three-fifths (57%) of UK workers do not expect to receive a pay increase in 2010 (external website), according to a YouGov survey commissioned by uSwitch, the BBC reports.

Continue reading "Pay awards: Three-fifths of UK workers expect a pay freeze in 2010" »

Michael Carty | | Comments (0) | TrackBacks (0) |

February 26, 2010

National minimum wage: Announcement on 2010/2011 rate likely "within a couple of weeks"

The 2010 report from the Low Pay Commission (LPC) - which will set out its recommendations on the national minimum wage rates for 2010/2011 (due to come into effect on 1 October 2010) - is likely to be published "within a couple of weeks", an LPC spokesperson exclusively told XpertHR.

Continue reading "National minimum wage: Announcement on 2010/2011 rate likely "within a couple of weeks"" »

Michael Carty | | Comments (2) | TrackBacks (0) |

February 23, 2010

Managers' pay - the long-term story

The National Management Salary Survey is one of the largest pay surveys conducted by XpertHR through its Celre salary survey arm. The 2010 report is being launched today jointly with the Chartered Management Institute.

There is more about the headline findings in our Celre blog, and my colleague Michael Carty has also written about it. Data will also be found in the XpertHR Job Pricing tool in due course once further checking and number crunching has been carried out. This will be live very soon now.

Continue reading "Managers' pay - the long-term story" »

Mark Crail | | Comments (0) | TrackBacks (0) |

February 19, 2010

Pay awards collapse back to zero as 2010 gets underway

Today sees many parts of the UK waking up to a return of heavy snow (external website). The outlook for pay awards across the whole economy is similarly wintry this morning, with pay freezes reasserting themselves as the median pay award. The headline pay award has collapsed back to its all-time low of nil (subscription required) over the three months to 31 January 2010, according to latest data from IRS for XpertHR.

Continue reading "Pay awards collapse back to zero as 2010 gets underway" »

Michael Carty | | Comments (0) | TrackBacks (0) |

February 23, 2010

Recession hits top pay hard, National Management Salary Survey reveals

The recession has had a severe impact on UK managers' pay packets, with executive pay showing its lowest rate of growth in at least a decade, according to latest pay benchmarking research from XpertHR salary surveys.

Continue reading "Recession hits top pay hard, National Management Salary Survey reveals" »

Michael Carty | | Comments (0) | TrackBacks (0) |

March 10, 2010

Pay awards: Has the 'national minimum wage effect' gone into reverse?

As well as a collapse in the headline pay award back to the record low of zero, latest data from reward specialists at IRS suggest a change in the way the national minimum wage influences the headline pay settlement.

Continue reading "Pay awards: Has the 'national minimum wage effect' gone into reverse?" »

Michael Carty | | Comments (0) | TrackBacks (0) |

February 16, 2010

TUC: Unions willing to push for pay increases in 2010

The recession has taken the heat out of pay awards, with pay freezes becoming the norm for many as employers, employees and unions worked together to minimise job losses by embracing pay restraint. But the TUC warns that trade unions may not be so willing to accept a second consecutive year of pay freezes (external website) in 2010.

Continue reading "TUC: Unions willing to push for pay increases in 2010" »

Michael Carty | | Comments (0) | TrackBacks (0) |

February 9, 2010

Graduate starting salaries to be frozen for second year running in 2010, says AGR

The graduate recruitment market is expected to begin a slow process of recovery in 2010, but the average graduate starting salary will remain frozen at £25,000 (external website) per year for a second consecutive year. This is according to the winter survey 2010 from the Association of Graduate Recruiters (AGR) (external website).

Continue reading "Graduate starting salaries to be frozen for second year running in 2010, says AGR" »

Michael Carty | | Comments (0) | TrackBacks (1) |

February 12, 2010

Has the office cuppa fallen victim to the recession?

Reward has taken something of a beating during the recession, with pay freezes becoming the norm for many UK workers during 2009. But there could be a further, hidden casualty among our most valued workplace perks, with potentially serious implications for morale: the free office cuppa.

Continue reading "Has the office cuppa fallen victim to the recession?" »

Michael Carty | | Comments (0) | TrackBacks (0) |

February 3, 2010

Mervyn King: "Little scope" for pay growth in 2010 and beyond

The prognosis for pay awards across the UK economy in 2010 and beyond is less than rosy (PDF format, 47K) (external website), according to Bank of England governor Mervyn King.

Continue reading "Mervyn King: "Little scope" for pay growth in 2010 and beyond" »

Michael Carty | | Comments (0) | TrackBacks (0) |

January 26, 2010

Good practice on maternity

Supporting women who are due to go on maternity leave, and those who are returning from maternity leave, can help employers retain experienced and dedicated employees and ensure that they are working to their full potential. There can be a number of significant benefits to business, including saving on recruitment and training costs and ensuring productivity levels are at their peak. However, knowing what practical support to give pregnant women or new mothers can be difficult. That’s why at XpertHR we’ve commissioned a good practice guide on maternity from Liz Morris of Mayfield Associates.

Continue reading "Good practice on maternity " »

Bar Huberman | | Comments (1) | TrackBacks (0) |

January 25, 2010

Public sector pay 2010: Pay cuts in prospect?

Many public sector workers already face low pay increases or pay freezes in 2010. Now, in an interview with the Sunday Times, Chancellor Alistair Darling has indicated that public sector pay will be subject to "restructuring" (external website), which could result in pay cuts for some jobs.

Continue reading "Public sector pay 2010: Pay cuts in prospect?" »

Michael Carty | | Comments (0) | TrackBacks (0) |

January 22, 2010

Pay awards holding up at 1.2%

Pay awards staged a slight recovery in the closing months of 2009 (subscription required), with the headline award standing at 1.2% over the three months to 31 December 2009, according to latest data from reward specialists at IRS. But the pay outlook is uncertain: pay awards could either stage a further weak recovery in 2010, or slump back toward their recent all-time low of zero.

Continue reading "Pay awards holding up at 1.2%" »

Michael Carty | | Comments (0) | TrackBacks (1) |

National minimum wage 2010/2011: "Absurd" to increase younger workers' rates, say CIPD/BCC

"[W]hile the government is rightly devoting taxpayers' money to helping Britain's one million jobless young people, it would be absurd at the same time to raise the youth minimum wage," according to CIPD chief economic advisor John Philpott. His comments coincide with the publication of a joint letter to Peter Mandelson - penned by the CIPD in partnership with the BCC (external website) - in which they call for a freeze on "further statutory increases in the cost of employing staff during what looks like being a 'jobs-light' recovery".

Continue reading "National minimum wage 2010/2011: "Absurd" to increase younger workers' rates, say CIPD/BCC" »

Michael Carty | | Comments (0) | TrackBacks (0) |

January 28, 2010

2010: the year pay and RPI inflation part ways?

Retail prices index (RPI) inflation is long established as a key factor influencing private sector pay awards. But with pay awards subdued at present, and inflation set to prove volatile over the coming months, could 2010 prove to be the year in which RPI and pay awards come uncoupled?

Continue reading "2010: the year pay and RPI inflation part ways?" »

Michael Carty | | Comments (0) | TrackBacks (0) |

January 14, 2010

France employment law guide

Do you need to know about employment law in France? The latest European employment law guide added to XpertHR looks at key elements of employment law in Frances as it applies to: recruitment and selection; pay and benefits; employee rights; contracts of employment; training and development; equal opportunities; industrial relations; health and safety; and termination of employment.

XpertHR regularly publishes information on industrial relations law and practice across Europe - providing expert analysis of developments at European level and in individual European countries. In addition, other guides to national employment law in European countries include: the Netherlands; Italy; Germany; Greece; Poland; and Ireland. For ease of reference, we’ve rounded our European information up on one European employment law and practice page.

Remember that we want to provide information on the countries that are relevant to you in your HR role - so let us know which countries you’d like to see guidance on in the future.

Joanna Stubbs | | Comments (0) | TrackBacks (0) |

January 13, 2010

Cameron promises hardline stance on unions if elected in 2010

Conservative leader David Cameron has drawn the battle-lines for his relations with UK trade unions (external website) if his party wins the 2010 general election. The Daily Telegraph reports that Cameron has said he would be "very happy" to strengthen the laws governing trade unions in order to prevent any planned strike action in protest at Conservative plans to freeze public sector pay.

Continue reading "Cameron promises hardline stance on unions if elected in 2010" »

Michael Carty | | Comments (0) | TrackBacks (0) |

January 8, 2010

Snow chaos, pay, leave and employee rights

UKsnow.jpg

Snow chaos across the UK means many employees can't get to work, through no fault of their own, because travel is not possible and/or schools are closed. Many believe they are entitled to be paid as usual in these circumstances - and are unhappy when they find otherwise.

A blog post of mine on snow, pay and employment rights from last February has seen a flurry of comments in the past few days, so I thought it would be worth returning to the issue today.

Continue reading "Snow chaos, pay, leave and employee rights" »

David Shepherd | | Comments (14) | TrackBacks (0) |

Employment tribunal decisions making the headlines: 26.12.09 to 08.01.10

A round up of links to recent employment tribunal rulings, including the reinstatement of a Territorial army soldier who was made redundant after he returned from Afghanistan, a successful claim by a park ranger who was dismissed for making a joke about the colour of a black colleague's legs, and an award to a woman whose husband did the same job for the same employer but was paid more than her.

Continue reading "Employment tribunal decisions making the headlines: 26.12.09 to 08.01.10" »

Stephen Simpson | | Comments (0) | TrackBacks (0) |

January 5, 2010

National minimum wage 2010/2011: Freeze younger workers' rates, says CIPD

The national minimum wage rates paid to workers aged under 21 should be frozen at their current level (PDF format, 1.5MB) (external website) when the 2010/2011 national minimum wage uprating comes into effect on 1 October 2010, according to the CIPD. The CIPD argues that freezing the statutory pay floor for younger workers would help "ensure welcome government efforts to combat soaring youth unemployment are not fatally undermined just as the economy is beginning to recover".

Continue reading "National minimum wage 2010/2011: Freeze younger workers' rates, says CIPD" »

Michael Carty | | Comments (0) | TrackBacks (0) |

January 15, 2010

Can pay continue to take the strain in 2010?

Six months ago, I noted that pay was taking the brunt of the current recession: given the scale of the economic downturn, the rise in unemployment was surprisingly low, with pay awards absorbing a lot of the shock. Now, as 2010 gets into full swing, an increasing number of commentators argue that pay will continue to take the strain this year.

Continue reading "Can pay continue to take the strain in 2010?" »

Michael Carty | | Comments (0) | TrackBacks (0) |

January 6, 2010

Three-fifths of UK employers plan to freeze pay in 2010, says BCC

2010 will bring a second successive year of pay freezes for millions of private sector workers (external website), according to research from the British Chambers of Commerce (BCC).

Continue reading "Three-fifths of UK employers plan to freeze pay in 2010, says BCC" »

Michael Carty | | Comments (0) | TrackBacks (0) |

December 22, 2009

HR questions on Twitter

Want to receive the answer to a frequently asked HR question every day? If you’re on Twitter, you can do so by following HRdailyquestion. The questions come from the popular XpertHR FAQs section, which contains over 1,000 frequently asked HR questions - and more importantly the answers.

Joanna Stubbs | | Comments (0) | TrackBacks (0) |

December 18, 2009

Snow: its effect on your employees and organisation

With snow across much of country once again, your organisation may be affected, with employees perhaps unable to get to work because of transport problems. Take into account the need to be flexible and make sure line managers use their common sense when dealing with the issues that arise. Guidance and a model policy on severe weather conditions and their impact on the workplace are available on XpertHR:

Joanna Stubbs | | Comments (0) | TrackBacks (0) |

Pay awards hold at 1.2% as 2010 approaches

Pay settlements over the three months to the end of November 2009 have remained at the same level, 1.2%, as the previous rolling quarter, according to the latest provisional analysis by IRS (subscription required).

Continue reading "Pay awards hold at 1.2% as 2010 approaches" »

Rachel Sharp | | Comments (0) | TrackBacks (0) |

December 17, 2009

April 2010: maternity, paternity and adoption pay to go up, but sick pay to stay the same

The Department for Work and Pensions has published some of the key employment-related statutory rates for April 2010, including statutory maternity pay (SMP), statutory adoption pay (SAP), statutory paternity pay (SPP) and statutory sick pay (SSP).

Continue reading "April 2010: maternity, paternity and adoption pay to go up, but sick pay to stay the same" »

Stephen Simpson | | Comments (0) | TrackBacks (0) |

December 16, 2009

NHS pay rise 2010: pay review body decides not to seek review

NHS staff will receive the 2.25% pay increase due as the final stage of their three-year pay agreement from April 2010. The NHS Pay Review Body has concluded that the conditions have not been met for it to seek a remit to review the increase.

Continue reading "NHS pay rise 2010: pay review body decides not to seek review" »

Rachel Sharp | | Comments (0) | TrackBacks (0) |

December 17, 2009

Pay data sets low baseline for 2010 pay rises

With the busiest months of the pay setting calendar now upon us, employers can turn to some bang up-to-date salary data from CELRE, published exclusively on XpertHR Job Pricing, to inform their decisions.

Annual reports published in the final few weeks of 2009 as part of CELRE's core business survey cover staff working in HR and personnel, finance and accounts, and sales and marketing roles.

There is also fresh data for engineers and technicians, and for the distribution and media industries.

Continue reading "Pay data sets low baseline for 2010 pay rises" »

Mark Crail | | Comments (0) | TrackBacks (0) |

December 24, 2009

Policies and documents: the 10 most popular additions in 2009

Around 50 new model policies and documents have been added to XpertHR in 2009. But what have been the most popular? The XpertHR employment intelligence blog provides a round-up.

Continue reading "Policies and documents: the 10 most popular additions in 2009" »

Stephen Simpson | | Comments (0) | TrackBacks (0) |

December 9, 2009

Pre-Budget 2009: reactions, links and more small print for HR

Here's a useful list of reactions to the Pre-Budget Report from unions and employers on ePolitix, plus a "wordle" from the guardian which heavily features the word "tax".

The TUC's Nigel Stanley has done a useful summary of the pensions proposals in the PBR, and the Institute for Fiscal Studies has just released its initial reactions, which are always worth reading.

Continue reading "Pre-Budget 2009: reactions, links and more small print for HR" »

Sarah Welfare | | Comments (0) | TrackBacks (0) |

Pre-Budget Report 2009: the small print on bankers' bonuses

 The reactions are coming in to the Chancellor's widely trailed proposal for a one-off tax on bonuses in the banking sector. Unsurprisingly the CBI warns that the "threat of an exodus of talent is real" while the TUC describes Darling's proposal as "at the modest end of what he could have done". Bankers have "no divine right to giant bonuses every year," says TUC General Secretary Brendan Barber.

But how will the tax actually work and are there any loopholes?

Continue reading "Pre-Budget Report 2009: the small print on bankers' bonuses" »

Sarah Welfare | | Comments (0) | TrackBacks (0) |

December 31, 2009

Ten employment cases to watch out for in 2010

As usual, 2009 was a busy year in the employment tribunals, courts and in the European Court of Justice. But what employment law cases can we look forward to in the next 12 months? Here are 10 significant employment decisions expected in 2010.

Continue reading "Ten employment cases to watch out for in 2010" »

Stephen Simpson | | Comments (0) | TrackBacks (0) |

December 15, 2009

Retaining top talent will lead the 2010 employment agenda, says CBI

Retaining key employees will rise quickly to the top of the employment agenda for 2010 (PDF format, 10MB) (external website) once economic recovery gets underway, according to research from the CBI/Harvey Nash.

Continue reading "Retaining top talent will lead the 2010 employment agenda, says CBI" »

Michael Carty | | Comments (0) | TrackBacks (0) |

December 17, 2009

RPI inflation: Back in black for 2010

After spending much of 2009 in negative territory, retail prices index (RPI) inflation has risen sharply, climbing out of the red and back into the black to see out the calendar year.

Continue reading "RPI inflation: Back in black for 2010" »

Michael Carty | | Comments (0) | TrackBacks (0) |