Pay, bonuses & reward
Cash pay – whether paid as a monthly salary or weekly wage – is the backbone of the reward and benefits package. With issues such as the national minimum wage, equal pay, pay strikes, income tax and national insurance contributions, the job of a compensation manager is a complex one. It is common to get compensation advice from a reward consultant. Reward consultants are able to supply salary benchmarking reports as well as advice on structuring a bonus, performance related pay, team incentives and other forms of variable compensation. To ensure these elements of variable and performance related pay meet business objectives, they need to be administered carefully. More employers are using sophisticated payroll software to achieve this.
Definitions of common pay and bonus terms
Have you found it?
Have you found what you are looking for on this website? If not, let us know by email.
Find a supplier
News
UK Mail introduces payroll and HR service
The mail and logistics service provider has signed a five-year contract with NorthgateArinso.
02 Feb IDS research: Private sector pay deals up on 2011
31 Jan Government to create a system of police pay that saves £150 million a year
30 Jan Questions raised over HR's role in executive pay decisions
30 Jan RBS chief executive Stephen Hester waives bonus worth almost £1 million
Analysis
Will executive pay decisions change?
Executive pay has been under attack, but major changes in how it is decided may be slow in coming, says John Greenwood
03 Jan Olympics can kick-start new benefits
28 Nov Rewarding staff when inflation is high
26 Sep News analysis: Are bosses' pensions fair?
30 Aug Different reward for a new generation
30 Aug How to motivate executives
Case Studies
Case study: Grant Thornton plays fair with graduates
Grant Thornton attracts and retains new talent by offering a combination of benefits to suit individual lifestyles, and training and development opportunities, including graduate recruitment programmes and internships.
03 Jan Case study: Cisco ring-fences engagement around Olympics
01 Aug Case study: B&Q fits in older workers
01 Aug Case study: Marks and Spencer sells flexible approach
Research
PWC research: Asset managers' pay increases by 18% over last year
Asset manager remuneration has increased by an average of 18% over the last year, according to research by PricewaterhouseCoopers (PWC).
02 Feb IDS research: Private sector pay deals up on 2011
26 Jan Curo Compensation research: Employers to focus on aligning pay awards and performance
23 Jan Resolution Foundation research: Wages fell 4.2% in last year
19 Jan Morgan McKinley research: Two-thirds of respondents expect pay to rise
18 Jan Taxpayer Alliance research: Increase in Midlands councils’ managers' remuneration
