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21 June 2018

Why Pride matters to me

By Brian Ashmead-Siers, Global Mobility Tax Partner and Lead GLEE@PwC Partner Sponsor I’m thrilled that PwC are sponsoring Pride in London again this year to empower our people and demonstrate our firm’s commitment to LGBT+ inclusion. 2018 marks the sixth year PwC has taken part in Pride in London and...

15 June 2018

Pimlico Plumbers: what lessons for the future?

By Nick Willis Whilst we're waiting for the outcome of the Government's consultation on employment status, anyone with an interest in this issue has been eagerly awaiting the Supreme Court judgment in Pimlico Plumbers vs Smith which came out yesterday. Although the decision has been linked in media reports following...

12 June 2018

Worked 9 til’ 5… or did you?

By John Harding, Employment Partner From 6 April 2019 any employers with employees who are paid according to their ‘time worked’ will be required to detail the number of hours to which the employee’s pay relates on their pay slip. This is with a view to giving greater transparency to...

07 June 2018

What sponsoring Pride means to me

By Laura Hinton, Chief People Officer I am thrilled that PwC are once again a major sponsor of Pride in London, supporting the celebration of diversity that makes our society what it is. Last year, 140 people marched in the PwC group and this year is expected to be even...

23 May 2018

What we've learnt by publishing our gender pay gap

By Laura Hinton, Chief People Officer Four years ago we published our gender pay gap for staff for the first time. We joined only a handful of a companies in doing so. We’d been measuring the data for a number of years, but we hoped that by publicly stating our...

21 May 2018

IR35 - changes are coming

By Julian Sansum The long anticipated consultation on the reform of rules governing off-payroll working in the private sector, often referred to as IR35, has been published today. In addition, the Government has published the findings from an independent research project that looked at the immediate impacts on public sector...

11 May 2018

Director of Labour Market Enforcement publishes his strategy

By John Harding, Employment Partner Background Sir David Metcalfe, the UK’s first Director of Labour Market Enforcement has published his long awaited strategy for 2018/19. The paper sets out 37 recommendations targeted at tackling non-compliance in the labour market from ignorant or negligent practices to the criminal exploitation of workers....

10 April 2018

Gender pay reporting – priorities, progress and predictions

By Alastair Woods As we enter year two of gender pay reporting in the UK, it is clear that the sunlight that the disclosure and media scrutiny have shed is helping to accelerate change. This has been amplified by the broader themes of equality and fairness in society which means,...

The Future of Work - Our roundtable at the FT's UK Business Conference

By Rob McCargow The FT Business Conference is widely known as one of the biggest industry events. On 24 May 2018 in Manchester, we're excited to be bringing together over 200 of the most influential business and public sector leaders to discuss and share our insights on all the hot...

27 March 2018

Business critical: If diversity is a strategic issue, it needs strategic intent to make it a reality

By Jon Terry, Diversity and Inclusion Consulting Leader, PwC UK There’s always been a compelling moral case for diversity and inclusion – why should the chance to succeed be confined to a favoured few? There’s also an equally compelling business case for making diversity a reality, which is growing stronger...

14 March 2018

Remuneration Governance for Aim Listed Companies

By Karen Willcox A move towards greater transparency and disclosure Since the Alternative Investment Market (AIM) launched in 1995, one of the attractions has been the “lighter touch” regulation afforded to its constituents. However, as the AIM market has matured, and the AIM 50 and 100 has consistently in recent...

09 March 2018

People Reporting is every bit as important as the other disclosures

By Alastair Woods, Partner Insights from PwC’s Building Public Trust in Corporate Reporting Awards 2017: People Reporting in the FTSE 100 In contrast to more heavily-regulated areas such as tax or executive remuneration, reporting on people remains an area where companies have a fair amount of discretion in what they...

08 March 2018

An opportunity for honest and open communication in Executive Remuneration Reporting

By Marcus Peaker, Partner Insights from PwC’s Building Public Trust in Corporate Reporting Awards 2017: Executive Remuneration Reporting in the FTSE 350 Disclosures on executive remuneration are an area of corporate reporting that’s scrutinised closely by regulators and a wide range of stakeholders. As our assessment of this year’s FTSE...

09 February 2018

National Minimum Wage – Common errors leading to non-compliance

By John L Harding, PwC | Partner Employment In 2017 we saw unprecedented media attention around National Minimum Wage (NMW) compliance. HM Revenue & Customs (HMRC) which enforces the NMW regulations published the 13th list of NMW offenders in December, identifying 260 employers required to pay back £1.7 million to...

05 February 2018

The Workforce for a Digital Future

Authors: Martin Roets and Robert Churcher The world is changing rapidly, accelerated by the emergence and adoption of new digital technologies. Individuals’ preferences, behaviour and interactions are evolving, and the way in which organisations operate is transforming. This shift poses important questions about the skills which will be required in...

14 November 2017

Fairness matters, and executives expect companies to play their role.

By Tom Gosling, Reward partner We are in the midst the most significant corporate governance reforms in the UK for many years. The introduction of pay ratio disclosures, likely further regulation on broadening the remit of remuneration committees, increasing stakeholder voice within the boardroom, and enhancing reporting of how companies...

30 October 2017

Evidence is a critical guide to executive pay policy and practice

By Tom Gosling Executive pay is an area where there’s so much data you can find a statistic that proves almost anything. But much of the analysis that makes the headlines is simply not rigorous and would not stand up to scrutiny in any peer-reviewed academic journal. Countless “studies” that...

27 October 2017

Simplicity, not accuracy, is what is needed in the pay ratio definition

By Tom Gosling Anyone who’s followed our work at PwC will know that we are not big fans of pay ratios. See for example my evidence to the BEIS Select Committee Inquiry on Corporate Governance. This isn’t because we don’t think a discussion about fairness is important – on the...

How to improve the ISS P4P model

By Tom Gosling As I’ve written elsewhere, executive pay is plagued by enduring myths that define the policymaking debate. One of these myths is that there is no link between pay and performance. This is an important accusation; one that brings executive pay, and by extension big business, into disrepute....

26 October 2017

Shifting tectonic plates of HR - People costs vs employee engagement

By Alastair Woods The management of people has always meant navigating competing business pressures – that on occasion come into direct conflict with each other and create critical tension. One of the biggest challenges for business today could be compared to the effects of shifting tectonic plates pushing against one...