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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...

20 October 2017

How will blockchain technology impact HR and the world of work?

By Chris Murray, PwC partner and Leader of PwC's Global HR Technology network Blockchain is a technology that’s widely discussed but perhaps less widely understood. Technically, it’s a distributed ledger that allows value to be exchanged securely, transparently and without risk of tampering. It’s also a technology that creates decentralised...

11 October 2017

Improving social mobility will take real collaboration across businesses

Laura Hinton, Chief People Officer at PwC It’s an uncomfortable truth that where someone is born, where they grow up and what their parents do for a living still plays a large role in determining their future. For too long this status quo was largely unchallenged but fortunately, this is...

26 September 2017

Is the case for HR systems really the case for better people management?

Posted by Chris Murray According to our new HR Technology Survey, the proportion of organisations that have at least one HR process in the cloud has increased from 68% in 2015 to 73% in 2017. What’s more, almost 40% now have their core applications in the cloud, and even more...

22 September 2017

Avoid the sugar rush: 3 ways to build your employee experience

By Philip Smith Employee engagement has been one of the biggest trends in managing human resources over recent years, but true engagement seems to remain elusive with many organisations seemingly unable to drive long-term benefit from their efforts. This might be because many employee engagement initiatives have been short-term in...

12 September 2017

Why the future of HR software is PaaS

Our HR Tech Consulting lead partner Jeremy Lief shares his insight into the future of HR Software in our latest blog Over the past decade, software as a service (SaaS) has increasingly become part of the DNA of HR functions – and I think what we’re seeing is just the...

29 August 2017

International commuters: getting ahead of employees’ lifestyle changes

By Clare Coley Imagine spending your spare time in a chalet in France; skiing in the winter, day trips to the South coast with your family (who love the outdoor lifestyle), a glass of wine in the warm setting sun, views over the mountains…. Then imagine a one hour 30...

21 August 2017

Is the future about robots or humans?

By Carol Stubbings We’re in the midst of a fundamental transformation in the way we work. Automation and thinking machines are already replacing tasks previously done by humans and are causing a re-evaluation of the skills that organisations need and the relationships they have with their workers. The robots are...