We are pleased to announce that Incomes Data Research has today accredited as a Living Wage Employer.
Our Living Wage commitment will see everyone working at IDR, regardless of whether they are direct employees or third-party contracted staff, receive a minimum hourly wage of £8.75 in the UK or £10.20 in London.
The Living Wage is estimated to be the level of hourly pay necessary for a minimum socially acceptable standard of living. It is voluntary and separate to the statutory National Living Wage, which for over 25s is currently £7.50 per hour.
Premiums for shift pay continue to play an important part in reward packages for employees in many parts of the economy. Our recent survey of 83 mostly large firms across distribution, engineering, financial services, food manufacture, retail and the social care and housing sector found that over four fifths pay separate allowances, premiums or additions to staff who work shifts.
Continue reading Shift work: premiums feature prominently
The median starting salary for graduate recruits increased by 4.8% between 2016 and 2017, according to the latest IDR survey of pay and progression for graduates. The median starting salary for graduates is now £27,000, up on the £25,700 figure produced by the 2016 survey. When it comes to progression pay, our analysis shows that the average salary for graduates recruited three years ago, in 2014, is 22% higher than for those recruited in 2017.
Continue reading Graduate starting pay up by 4.8%
Our latest survey of pay and conditions for engineering workers suggests stronger pay growth for manual workers than for white-collar staff and managers, driven by higher – often negotiated – pay awards. Recruitment pressures have also played a role, as well as staff turnover among operators.
Continue reading Engineering: higher awards drive up pay for manuals
According to our most recent detailed quarterly analysis, the median pay award across the whole economy was 2% in the three months to October 2017, according to the latest monitoring figures from IDR. See the full quarterly analysis here.
The Government has accepted the Low Pay Commission’s recommendation for a 4.4% increase in the National Living Wage which takes the rate for workers aged 25 and over from £7.50 to £7.83 an hour, effective from 1 April.
There have also been larger increases to the statutory minimum rates for younger workers, in an effort to close the gap between the statutory rate for ‘adult’ workers and that for workers aged under 25. Continue reading National Living Wage to rise by 4.4% in April
We have created a new page with links to current surveys in the field. All participants receive a free summary of the results. If you are interested in contributing to any of our surveys visit here.
As employers start to publish their gender pay gaps, IDR’s Louisa Withers explains why the reports could play an important role in furthering equality. So far, over 200 organisations have published their gender pay gaps on the Government’s official website, in advance of the deadline of 4 April 2018. Continue reading Gender pay reporting: the new rules
According to the latest monitoring figures from IDR, the median pay settlement across the economy rose to 2.4% in the three months to July. This is the highest we have recorded so far in 2017, up from 2% in the previous three rolling periods. The latest figures are based on 75 pay settlements, mostly at organisations in the private sector.
For the full article see http://www.incomesdataresearch.co.uk/subscribers-2/idr-pay-settlement-levels/
IDR has moved!
Our new telephone number is:
+(0)1702 669 549
Our new address is:
The Studio, The Old Gasworks, 43 Progress Road, Leigh-On-Sea, Essex SS9 5PR
Please do not contact +(0)1702 330651 or post any mail to 9 Weston Chambers, Weston Road, Southend On Sea, Essex SS1 1AU