Editor's message: Pay is the main building block of employee reward packages, and organisations will need to take the time to set salaries at the right level for their business. Guidance on appropriate salaries for job roles is likely to come from salary surveys, which provide information on market pay rates for similar roles and organisations.
The majority of organisations conduct a pay review each year, whether or not it results in a pay increase for employees. Organisations can ensure that they are keeping up with the market by reviewing the value of annual pay awards in other organisations, using pay settlement analyses.
When reviewing pay levels, you should bear in mind the level of the national minimum wage, which increases in April each year. Employers may also wish to conduct an equal pay review to ensure that their pay structures and rates comply with equal pay legislation.
Sheila Attwood, managing editor, pay and HR practice
The Financial Reporting Council consults on a revised UK code of corporate governance.
Budget fashion retailers Primark and Sports Direct have topped the latest list of employers to be named and shamed by the Government for failing to pay workers the national minimum wage.
A shorter, sharper code of corporate governance proposed by the Financial Reporting Council appears to confirm that that the Government has abandoned Theresa May's pledge to put workers in the boardroom.
Updated to include new rates of the national minimum wage, effective from 1 April 2018.
Updated to include the minimum wage rates in effect from 1 April 2018.
The table summarises the latest pay settlements monitored by XpertHR.
XpertHR's latest review shows little change in the level of pay awards as we approach the end of the year.
HR and legal information and guidance relating to pay levels and awards.