Only half of UK employees think they are paid fairly
Barely half of all workers across the UK (51 per cent) think they receive fair pay for their job, according to new research.
Only a third (34 per cent) believe that everyone in their company is paid fairly, while 60 per cent said their Manager had never explained to them why their salary is set at its current level.
The Reward Management 2019 report from the CIPD, which surveyed 2,031 employees and 465 HR professionals, also found that only one in five (20 per cent) think their Chief Executive Officer's salary is 'about right', while only 30 per cent of companies have a definition of what fair pay means within their organisation.
Meanwhile, just 18 per cent of employers have a process to assess pay risk, and only 39 per cent have carried out an equal pay audit in the past three years to make sure they are complying with the current employment laws.
Speaking about the findings, Charles Cotton, Senior Reward and Performance Adviser at the CIPD, said: "Failure to be transparent about pay can make staff feel that they are being kept in the dark and feed a perception of unfairness.
"There's a real opportunity for organisations to do a lot more around communicating their pay policies to staff, and encouraging Line Managers to talk to their teams about it, so staff understand how and why such decisions are made.
"But communication is only part of the story and won't ensure people are paid fairly in the first place. Continued scrutiny over executive pay and gender pay gap reporting shows this is still an issue which many organisations are wrestling with, so businesses need to be on the front foot when it comes to understanding and assessing pay."
In other news, it was claimed last week that 28 per cent of all employees in the UK have suffered from discrimination or bullying in the workplace regarding their age, gender or sexual orientation.
The research from Bupa showed that women are particularly likely to be targeted with a total of 34 per cent compared to 22 per cent of men.
By Owen Mckeon