Remuneration (including bonus and incentive plans)
In the 2018 Policy Address on 10 October 2018, the Chief Executive of the HKSAR Carrie Lam announced several key proposals in respect of benefits available to employees under Hong Kong law.
Authors: Fatim Jumabhoy, Partner, Singapore, Rebecca Lim, Associate, Singapore, Tess Lumsdaine, Senior Associate, Hong Kong Our penultimate e-bulletin of the year, looks at some interesting developments across the region.
The Government has published a consultation on ethnicity pay reporting, making clear its position that this should become mandatory (possibly subject to a trial or phased approach with ‘early adopters’). The consultation is open until 11 January 2019. The consultation … Continue reading
Our article Recruitment and protection of talent: a boardroom issue for pharma is available on our pharma hub here. Technological advancement is key amongst the forces driving change in the pharmaceutical healthcare sectors, with businesses increasingly partnering with non-traditional players such … Continue reading
HMRC has issued an update confirming that, with effect from 2 July 2018, where there has been a TUPE transfer of employees, all national minimum wage liabilities, including the full penalty amount, will now be enforced against the transferee employer, … Continue reading
On 2 August 2018 the House of Commons’ Business, Energy and Industrial Strategy Committee published a report on the gender pay gap reporting obligation introduced from April 2017. The report notes that the national median gender pay gap is 18.4%, … Continue reading
On 1 August 2018 the Government Equalities Office (GEO) confirmed that 100% of employers covered by the new gender pay gap reporting obligation have now published their first report (disclosing data as at April 2017). The Equalities and Human Rights … Continue reading
The FRC has published a new version of the UK Corporate Governance Code applicable to accounting periods beginning on or after 1 January 2019. The changes include a requirement to have a board-monitored whistleblowing mechanism and a mechanism for workforce … Continue reading
The Court of Appeal has ruled that on-call employees who have to remain available for work at a particular location but are expected to sleep will only be eligible for the national minimum wage in respect of hours when they … Continue reading
UK: Diversity Developments – presentation of pay gap data, proposals on parental leave and dress code guidance
The Government Equalities Office has published the findings of a commissioned study (here) concluding that the clearest and most accessible way of presenting gender pay gap figures is to display them visually as coins or as the amount which women … Continue reading