Worried about providing a workplace pension for your staff? join the club…

According to a new CIPD report 72% of eligible UK workers now pay into a workplace pension scheme, and this increase is reported to be largely due to auto-enrolment.

Employers report lower profits and needing to reduce some elements of reward packages and cutting overtime rates or bonuses to meet the increased costs of the pension scheme.

Fewer employees got a pay rise in 2015 compared to 2014, and those that did typically received a 2% rise for the third year running.

The good news is possibly that having acclimatised to the increased costs, there seems to be some optimism about the ability to give pay increases in 2016 and beyond.

Free eBook!

Simply provide your details to receive your free ebook '7 Questions For Sure-fire Success As An Employer'. You will then receive important legal updates, HR tips and important news right into your inbox.

By the way, we can't stand spam so be assured that we will never share your information. 

You have Successfully Subscribed!