Our new report on managers’ pay and benefits shows considerable variation in salary levels between departments: sales roles typically attract the highest salaries, while pay levels for HR and project management roles tend to fall towards the lower end.
The overall median figures are shown in the chart below and the report provides detail on the extent of sector, department and regional variations.
The report also provides information on reward packages for managers, covering bonus, company cars, healthcare benefits, and long-term incentive schemes.
Order your copy of the report here, or to find out more get in touch email@example.com / 01702 669549.
Incomes Data Research (IDR) has become an official sponsor of Billericay Girls under 14 football team.
Commenting on the announcement, IDR Director Louisa Withers said:
“IDR is committed to making a tangible difference to society in the way we run our business and recognises that we have a responsibility to our clients, employees and contractors and the wider community in which we operate. When asked about sponsoring this exciting young team we felt it provided a perfect way of putting our principals into practice.”
“We feel it is important to encourage young people to take part in sport. Aside from the health benefits, sports help young people develop skills for later in life, such as confidence and the ability to work as part of a team.”
Our support secures funding for the team’s biggest priority – new kits for the 2018/2019 season. We wish all the players an enjoyable and hopefully successful season ahead.
Around 10,000 firms have published their gender pay gap figures in line with the government’s deadline and there have been numerous headlines about those with the highest gaps. But what does the data really tell us? Here, we look at how and why the figures vary, with an emphasis on sectoral variations, as well as the impact that collective bargaining appears to have on the size of gender pay gaps.
Employers’ publication of their gender pay gaps has sparked a national conversation about the relationship between gender and pay. To date 10,249 firms have published their figures. IDR analysis of these shows an average gap of 14.4% between the average pay for men and that for women. There are, however, significant differences by sector.
Continue reading Explaining the variation in gender pay gap figures
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 raising of the compulsory school leaving age from 16 to 17 in 2013 and then to 18 in 2015 has had a significant impact on training for young people in England, according to official data on apprenticeships and the number of young people classified as not in education, employment or training.
Recent figures from the Department of Education show that the number of apprenticeship starts have risen to 509,400 in 2014/15, up 9,500 over the year and 69,000 over the last two years. The Apprentice Levy, which requires large firms with a paybill of £3 million or more to contribute towards the cost of apprentice schemes, could help this figure grow further.
The other positive effect of the policy, which requires young people to stay in full-time education, start an apprenticeship or traineeship, or work at least 20 hours a week whilst participating in part-time education or training until aged 18, has been a reduction in the number of young people classified as ‘not in education, employment or training’ (NEETs).
Data from the Office for National Statistics shows that the number of NEETs has declined significantly, not only for those directly affected (down 52,000 since 2012, but also for young people aged 19 to 24 (down 242,000 since 2012).
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