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17 January 2019

Short term pain, long term gain - Upcoming challenges for HR and Reward functions in Asset & Wealth Management

By Duncan Nicholls Market performance and compensation go hand in hand in the Asset & Wealth Management (AWM) sector. Stagnating markets will bring significant challenges to HR and Reward functions. The asset management sector is no stranger to change and transformation. At our recent Asset Management HR Network event, we...

11 January 2019

Ethnicity pay gap reporting - how will the market respond?

By Katy Bennett and Shalah Akhtar On 11 October 2018, the Government published a series of papers and statements on supporting ethnic minorities in the workplace. Central to this was the launch of a consultation on ethnicity pay reporting, which explored a number of potential approaches to require organisations to...

Social enterprises are making great strides in reporting on their positive impacts

Insights from PwC’s Building Public Trust Award 2018 for Impact in Social Enterprise, by Laura Hinton, PwC Chief People Officer and Executive Board member

07 January 2019

UK Government threatens to ‘name and shame’ companies falling foul of Modern Slavery Act

By Polly Miles and Chris Cartmell The Home Office has recently issued letters to approximately 17,000 companies who they have determined are obligated entities under the the UK Modern Slavery Act 2015 (the Act). Obligated entities are required to publish a modern slavery statement outlining the steps they have already...

27 December 2018

Workforce Fairness reporting in the FTSE 350: Key observations from the Building Public Trust Awards

By Alastair Woods and Jess Garbett One of the big people issues facing businesses in 2018 has been inequality in the workforce. The lightning rod for this has been gender pay, but there are a number of other themes that are challenging employers as they seek to restore trust and...

19 December 2018

The Future of HR: eight technologies that will reshape the HR function

By Chris Murray, Elizabeth Yates and Prasun Shah PwC’s latest Future of Work report tells us that organisations are not doing enough to prepare for the transformation of the world of work and that technology is at the heart of these changes. So how is HR responding? According to the...

17 December 2018

Taking agility from theory to reality - why now?

By Clare Coley and Jack Towers Agility. An agile organisation. A buzzword that is starting to gain popularity in the HR community - but there is limited evidence that agile working practices are becoming the norm. Yes there are examples of “agile scrum masters” for teams, and new flexible working...

20 November 2018

Social mobility reporting in the FTSE 350

By Alastair Woods Social mobility continues to be a key issue in the UK, with a young person’s future far too often being determined by household income and postcode. Along with educators and policy makers, employers have a role in reducing this social divide and it is great that, as...

06 November 2018

How will you confirm that your EU citizen employees have the right to work in the UK post Brexit?

The UK government has recently clarified its position regarding Right to Work Checks for EU nationals post Brexit.

05 November 2018

AIM - the changing face of remuneration governance

By Karen Willcox The recent change to AIM Rule 26, requiring all AIM companies to adopt a recognised corporate governance code, has raised much debate amongst Non Executive Directors (NEDs) on what this means for remuneration. Central to their thinking is how they set remuneration for AIM executives, in a...

4 things to ask yourself when considering a non-executive director role

By Lisa Hooker, UK Leader of Consumer Markets We recently hosted a women on boards workshop for ten of our retail and consumer clients. Led by Women On Boards (WOB) UK, it provided practical tips for taking those first steps to become a non-executive director (NED). Here are my top...

30 October 2018

The Future of HR: can HR develop the skills needed to survive?

By Elizabeth Yates, US HR Transformation Leader & Chris Murray, Global HR Transformation & Technology Consulting Leader The future of work is here. Technology, demographic shifts, AI and robotics are just some of the factors changing how organisations operate and specifically how they leverage human talent and other resources to...

19 October 2018

Workforce Fairness: The view of the ‘People Panel’

By Alastair Woods and Jessica Garbett Attitudes to business have changed in recent years and there is far greater expectation on organisations to think about their impact on communities and on how they address inequalities in the workforce – spanning for example the ratio between highest and lowest earners, or...

27 September 2018

How do you go about aligning pension contribution/allowance rates to ensure compliance with the new UK Corporate Governance Code?

By Phillippa O'Connor, Gemma Carr and Roz Crawford The 2018 UK Corporate Governance Code (“Code”) includes a number of new Provisions (against which UK listed companies must comply or explain) on remuneration design that are intended to improve stakeholder alignment, whether with shareholders or employees. On paper, these appear relatively...

13 September 2018

Remuneration for AIM companies - Breakfast seminar

By Karen Willcox The recent changes to Rule 26 and the related impact on corporate governance for AIM companies will mean that remuneration committee chairs and boards need to think afresh about their approach to remuneration policy and disclosure. Added to this the general environment and pressure around executive pay...

30 July 2018

Director of Labour Market Enforcement estimates 'Wage theft' of over £1.5 billion in the form of unpaid holiday pay

By John Harding, Employment, Partner The Government’s response to the Taylor Review (The Good Work Plan) alongside Sir David Metcalf’s publication of his Labour Market Enforcement Strategy for 2018/19 and a number of recent Employment Appeal Tribunal (EAT) decisions have all brought holiday pay right to the top of the...

23 July 2018

Do workers have a right to be paid for sleeping-in at their workplace?

By John Harding, Partner, Employment, and Laura Nadel, Head of Employment Legal North In Royal Mencap Society v Tomlinson-Blake, the Court of Appeal considers whether workers are entitled to be paid the National Minimum Wage (NMW) for “sleep-in” shifts at work. The case also has wider implications with respect to...

06 July 2018

Breaking News: National Minimum Wage update

By John Harding, Partner, Employment The latest list of National Minimum Wage (NMW) breaches was published on Friday 6th July by the Department for Business, Energy and Industrial Strategy (BEIS). It includes nearly 240 employers with total arrears of £1.44m and record fines of £1.97m. The increase in these figures...

05 July 2018

Time to get ready for the journey ahead

By John Harding, Partner, Employment The whiff of change is in the air for any business that relies on the use of a flexible workforce, whether self-employed or through a personal service company (PSC). As well as HMRC’s increased focus on National Minimum Wage (NMW) compliance, Government scrutiny and recent...

21 June 2018

Why Pride matters to me

By Brian Ashmead-Siers, Global Mobility Tax Partner and Lead [email protected] 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...