Senior staff bear the brunt of pay freezes while employers continue to invest in junior employees

Employers are continuing to invest in junior members of staff, while senior managers and executives are bearing the brunt of pay freezes according to a new report.

How can employers best manage compensation during recession?

In lean periods, businesses need to focus on areas that directly impact the bottom line and in this respect compensation has one of the most profound impacts of all.

The CBI recommendations could help reverse the decline in final-salary pension provision long-term

In the current economic climate companies are obviously struggling and the presence of a final-salary pension scheme will often be placing an added strain on a company's finances.

CBI calls on Government to give businesses more time to make up final-salary pension deficits

The Government must give businesses struggling in the recession more 'breathing space' to take steps to minimise the effects of deficits in their final-salary pension schemes, according to the CBI.

EEF pilots a health and wellbeing qualification for managers

A qualification for managers to help improve the health and wellbeing of their staff is being piloted by EEF, the manufacturers organisation.

Defined contribution pension assets increase by 10% since April

Thanks to a 'bullish performance' by global equity markets, the asset value of UK workers' defined-contribution (DC) pension accounts has increased by 10% since April to a combined total of 418...

Honda employees and managers stand together and take pay cut to keep jobs at Swindon factory

Employees at a Honda factory in Swindon have voted to take a pay cut in order to protect jobs.

Rising workplace stress levels set to cost millions

Workplace stress is set to cost UK businesses more than 673 million this year, equating to 13.5 million stress-related sick days.

Private Health Partnership acquires Healthcare Matters

Health and wellbeing consulting and brokerage firm, Private Health Partnership (PHP) has acquired Dorchester-based Healthcare Matters.

Pay freezes set to spread as Retail Price Index shows deflation

The drop in the Retail Price Index (RPI) could lead to more widespread pay freezes, according to economists.

Novo Nordisk opts for 'green' fleet of cars as part of sustainability drive

Novo Nordisk has taken on a fleet of 99 low-carbon BMW 3-series company cars.

Pay settlement values continue to fall as more employers freeze pay

The median pay settlement has fallen from 3.4% to 3% since the end of February - and a quarter of all deals so far this year are pay freezes.