The persistence of gender-based pay inequality presents not only a social issue for US society but also a significant business challenge. Our recent research highlights that, despite decades of effort, female employees and professionals still earn, on average, 15% less than their male counterparts.
A recent report by the Low Pay Commission (LPC) has unveiled that an alarming number of 371,000 workers were underpaid in April 2024, a significant figure that demands immediate attention from stakeholders. This number marks a slight increase from the previous year, although it remains lower than
Shoe Zone, a well-known retailer with headquarters in Leicester, has announced the closure of several stores, attributing this development primarily to the increased wage costs following the chancellor’s budget announcement in October. Citing “significant additional costs,” Shoe Zone explained that
Salary sacrifice schemes have undergone a significant transformation over the past five years, evolving from traditional benefits to becoming a key driver in promoting sustainability and providing substantial cost savings. Initially, these schemes were primarily used for long-term benefits, with
The recent budget announcement in October has cast a shadow of uncertainty over the UK labor market, with projections for 2025 looking increasingly precarious. Despite the UK economy performing better than expected in 2024, the labor market is showing signs of strain, as evidenced by a significant
After a prolonged four-year dispute, Birmingham City Council has reached a landmark agreement to settle 6,000 equal pay claims involving predominantly female low-paid workers, both past and present. This settlement is projected to be fulfilled by mid-2025 and marks a significant turning point in
