Blog
Business Development: Playing The Right Card
Leor Franks
Significant progress in the field of equality has been made in recent years, with increasing numbers of women in work and in top positions. That being said, there is still work to be done. As we reported a few months ago following the publication of Lord Davies’ report into women on boards, the fight continues – women still earn less than men and occupy fewer of the key positions in successful companies. The ‘Think, Act, Report’ initiative has been instrumental in fostering support from large, global organisations committed to improving gender equality. Trailblazing Transparency, a report produced by Deloitte and sponsored by Think, Act, Report, was quickly followed by the publication of draft regulations into gender pay gap reporting. It is clear that the Government remain committed to its election pledge and employers must take note – this will remain a key issue, both legally and commercially, for years to come.
It should have been a single question: do you include overtime and commission when calculating holiday pay? However, that question has already led to numerous trips to the Employment Tribunal, Employment Appeal Tribunal (“EAT”) and the European Court of Justice (“ECJ”). We are now on the brink of an EAT decision which may finally sound the rallying call for the myriad of holiday pay claims currently stayed and sisted around the country – Lock v British Gas. There has been an appeal decision hiatus since the initial decision of the EAT in Fulton v Bear Scotland, and in the battle between employees and employers, both sides have enjoyed some victories, but neither has yet managed to deal a conclusive blow.
On 13 January the Prudential Regulation Authority (‘PRA’) launched a new consultation introducing new rules on buy-outs of variable remuneration. This is the practice where firms recruiting staff, buy-out awards that have been cancelled by their previous employer.
The Interim Report by Lord Justice Briggs which reached people’s desks early in the New Year fires the starting gun on fundamental changes to our Court and Employment Tribunal system. Those responsible for employment issues within their companies should be aware of the seismic change that is literally, around the corner.
This article was first published in People Management in January 2016.
Skip to content Home About Us Insights Services Contact Accessibility