UK's pay gap 'continuing to rise'
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The disparity between the earnings of the UK's top directors and their staff is continuing to widen, a report finds.
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More UK manufacturers are seeing a rise in output and orders than at any time in 11 years, a report says.
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British workers will have to save more and retire later to make up for a looming gap in pension savings, said the author of an official report being released Tuesday.
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The median compensation for a top executive at the largest firms rose by 30 percent this year to almost three million pounds, a survey has shown.
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The national minimum wage is to rise by 17p - about 3% - from Â£5.35 to Â£5.52 an hour from October 2007.
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The slow rise in the price of clothing and footwear on the high street has once again helped to keep inflation under control in the UK.
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Men are making more money than women in technology jobs, about 12 percent more last year, according to a salary survey by career site Dice.com.The survey found that salaries for men increased by 2.4 percent in 2007 but stayed flat for women. The average salary last year for men was $76,582, and for women, it was $67,507, according to Dice. The gap widened last year: In 2006, the difference between salaries paid to men and women was 9.7 percent.Thomas Silver, senior vice president of marketing at Dice, which is part of Dice Holdings in New York, said employers need to look at the salary data, and if they have workers with comparable skills and experience doing comparable jobs, then &quot;that gap needs to be closed.&quot;Dice said it collected the salary data from more than 19,000 technology professionals who use its site. Respondents either filled out an online survey or replied to a request for information sent via e-mail. &quot;We feel comfortable that what we&#39;re seeing here is in fact representative of what&#39;s happening in the marketplace,&quot; Silver said.The gender gap was highest for tech workers in the retail, mail-order and e-commerce industries, with men making 15 percent more than women. The industry with the narrowest wage gap is manufacturing, at a 6.4 percent difference in salary.But as people work their way up in an organization to managerial jobs, the gender gap tends to shrink. Female project managers earned $100,436 last year, which is the first year that Dice&#39;s salary survey topped the six-figure mark for women. Men still made a little more at $101,569.From the data, Silver said it&#39;s clear that an IT worker who stays in the field, has good skills and experience, and can become a manager will move into jobs that pay well.&quot;Companies are willing to pay for experience,&quot; said Silver, and that was reflected in the pay increases by age, with those over 40 seeing increases of 2.3 percent. Entry level workers, who received 13.2 percent increases in 2006, saw a slight decline last year.The best paying jobs in IT were those with hard-to-find skills, Dice said. Those with skills in ETL (extract, transform and load) earned $96,559; ERP (enterprise resource planning), $95,589; SOAP (Simple Object Access Protocol), $95,387. The highest-paid operating system skill was Solaris, where workers were paid $90,321.Overall, IT salaries increased last year by 1.7 percent to $74,570, Dice said. By region, the three highest-paying areas were Silicon Valley, at $93,876, a nearly 4 percent gain since last year; Boston, $83,465, which also increased by about 4 percent; and the Baltimore/Washington area, at $81,750, at 2.3 percentIn its list of 16 metro areas, Detroit was at the bottom with an average tech salary of $67,271, a less than half-percent increase over last year. Salaries in San Diego were higher than Detroit, but it was one of three job markets to see a decline in salaries to $75,994, a drop of 4.3 percent. The others posting declines were Phoenix at $71,246 and down 4.97 percent, and Seattle, $79,636, down 0.19 percent.Computerworld is an InfoWorld affiliate.
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Pressure on Brown rises as public service unions plan campaign to fight below-inflation pay offers.
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Wages rose faster than expected in the June-August period but analysts say the increases are still not high enough to cause inflation worries at the Bank of England.
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The number of people claiming jobless benefits in Britain has fallen unexpectedly in November while wages rose, official data has showed, increasing expectations of a British rate hike early next year.
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The push-and-pull over the 2009 federal pay raise is underway.
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Retail workers pay rises slow while their working week has increased in length, a report says.
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UK house prices are still rising strongly despite recent interest rate rises, the Halifax says.
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The UK's trade gap widens sharply from Â£4.4bn to Â£5.3bn, as imports hit Â£21.5bn, the highest monthly level since records began.
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The population of the UK will increase by 4.4 million to 65 million by 2016, according to new estimates.
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Pay for members of the armed forces will rise by 2.6% from April, the Defence Secretary has announced.
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Gains in workers&#39; pay outpaced inflation for the second straight month in August, the government said Thursday in a report suggesting subdued price pressures are helping employees come out slightly ahead.