14 Jul 2016
The latest celebrity to cry out for more ‘deuce’ is Wimbledon favourite Andy Murray who, The Telegraph reports, wants lower ranked players like Marcus Willis to be paid enough to support the cost of living. With a high profile sport like tennis, sponsorships and winnings can make up the majority of a competitor’s salary, however the pressure to make basic salary increases has risen since the introduction of the National Living Wage (NLW) in April – on and off the tennis court – which many organisations have struggled to accommodate. Tennis pay is actually quite forward-thinking and sets some precedents for other organisations. For instance, both men and women champions have been paid equally since 2007, whereas many large organisations are currently in the process of preparing for gender pay reporting that comes into force in April next year. The winner’s pay cheque has also risen year-on-year, whereas UK organisations have seen high percentages of pay freezes that are just now starting to decrease. As reward professionals, Croner Reward encounter daily the pressure that organisations are facing since they have had to pay 50p per hour more to adults over the age of 25. An additional problem with this is where employees are paid slightly more for their responsibilities – for example Supervisors. What the NLW has done is reduce those differentials which could demotivate those people in roles with additional responsibilities. That is why Croner Reward would recommend undertaking a pay and grading review in an attempt to maintain pay differentials post-NLW. It is always challenging when you are reviewing pay to keep emotions off the table, so calling on an external consultancy firm can be beneficial in ensuring that pay decisions are justifiable, highlight potential obstacles and consider the future. For more information on Croner Reward, please call 0844 728 0103 or e-mail email@example.com.
Free to Download Employer Resources
Ready to focus on what you do best?
Get your free consultation and speak to an expert today.