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UK pay rises will be lower than inflation in 2013

Pay gap - English moneyThe news is not great for British employees hoping to enjoy a pay increase during 2013. This is the conclusion of the Towers Watson’s Salary Budget Planning Report for Europe, the Middle East and Africa (EMEA). It finds that British companies are planning to increase salaries by an average of 3% in 2013 for the second year running. However with inflation expected to run at 3.2% this year – nearly half a percentage point higher than in 2012 – the real cost of living is likely to rise slightly in the UK, according to the consulting giant.

The research also shows that 4% of UK companies are planning a pay freeze in 2013 while 3% are preparing to postpone their salary reviews.

Paul Richards, head of Towers Watson’s Data Services Practice in EMEA said: “UK companies are planning to offer similar pay rises to their Northern European neighbours, but with inflation rates remaining stubbornly high in comparison to all other major European economies employees will feel a limited effect, if any. Employees in other European countries such as Germany, France and the Netherlands are going to feel better-off than their British counterparts with lower levels of inflation making pay increases feel more substantial.”
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72% of British workers give 10 hours free labour every week

Depression by RLHyde flickrA detailed lifestyle study has revealed that an alarming 72% of British workers are giving their bosses an extra 10 hours of free labour a week. This is normally done in a bid to manage their workload and to keep their line manager happy.

HR professionals in the UK will be interested in the findings, that show often over-stretched British employees putting in far longer hours than they are paid to work.

Incredibly the survey, carried out by Travelodge, shows that one in ten workers are cramming a whole extra week of unpaid work on top of their normal working schedule, just so that they can keep ahead of the game. Meanwhile a third of Britons are working an additional 16 hours a week more now for free, than they did prior to the recession starting.

Travelodge, surveyed 2,000 British workers across the UK in order to investigate what effect the modern working life is having on home life. Key findings revealed the average British worker is giving his employer a bonus of ten hours of free productivity every week which translates into a saving of £6,635 for companies.
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Which are the Top 5 best companies to work for in the UK?

Best companies to work forSo which organisations stormed the Sunday Times ‘Best Companies to Work For’ list this year (published March 2013)? HR professionals will be interested to see which employers impressed the most this time, and take note of what they offer employees to make working for them so special.

Well the Top 5 makes interesting reading with commercial radio operator, UKRD Group, outstripping the competition for the third consecutive year. There’s a new entry at number 2 with Swansea-based Save Britain Money Group coming in as a new entrant to the list. Similarly TGI Fridays the restaurant group makes third place, appearing for the first time in the well-respected list.

1 UKRD Group is a commercial radio company based in Redruth, employing 275 people, average age 35, and has a staff turnover of just 22%. Staff take part in annual culture and value days, are given training and are involved in community projects. These are Britain’s happiest workers, who rank their employer first in five of the eight categories (My Manager, Leadership, My Company, Personal Growth and My Team).

2 Save Britain Money Group is based in Swansea, employing 1,063 people with an average age of 28. Turnover of staff is 33%. The company scored highly for its sales staff incentive scheme and there are also incentive days, a hall of fame, and high performing teams are rewarded with nights out.
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