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Date: 13/10/08 
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Inflation

Retail Prices Index

June 4.6%
May 4.3%
April 4.2%

Source:
Office of National Statistics

Pay Deals

Average pay settlements to May 2008 (exc. bonuses)

Private Sector 3.8%
Public Sector 4.0%


Source:
Office of National Statistics

employee rewards & benefits news

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24-Jun-08 11:15 [Pay and Reward]
Proposals give employees 'time off to train'
The government has stated that employers will not have to pay for extra training requested by staff members, it has emerged.

Under new proposals, employees will be able to request time off for training after six months in a job.

Employers will have the right to turn down a request as long as there is a valid business reason for doing so, according to a Personnel Today report.

The new system will work in a similar way to how the right to request flexible working currently operates, said skills minister David Lammy.

"Employers would not be obliged to pay an employees' salary while they were undertaking training, or to organise or pay for the training, but we would expect many to choose to do so," commented Mr Lammy to the publication.

However, some employers' groups have stated that if training is requested, it should be seen to contribute to the business needs of the employer.

The consultation process for the Time to Train proposals is due for completion on September 10th.

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The Association of British Insurers (ABI) has told of its agreement with the decision of the government to not introduce a higher contribution cap in the first year of personal accounts. Find out more>
An independent pensions adviser has stated that the pension crisis has deteriorated in recent times, with private schemes being hit. Find out more>
The Pension Protection Fund (PPF) has announced that it rescued a further four pension schemes during the month of September. Find out more>

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