The UK has seen a significant rise in self-employment in recent years, the increase is fuelled by the rise of the gig economy. As a result of people working as freelancers for a range of different clients, rather then being directly employed by them.
A successful relationship is based around the fair generation and sharing of effort and value - and that includes remuneration. Bonus payments are probably the biggest ‘bone of contention’ for employees in terms of who does and doesn’t receive them.
It's becoming harder to use pay as a differentiator. This element of total reward is becoming more standardised as a result of transparency through pay benchmarking, reporting, job families, grading and levels and the restraint applied to pay awards.
Every year we look at behaviours and attitudes to current and future financial health among the UK working population using our Generation WHY? survey. In our most recent survey, we spoke to more people than ever before with 3,000 giving us their views.
Mandatory organisational gender pay reporting was the Government’s attempt to bring the issue of differences in pay between men and women into the open.