Median meaning

In this issue: Pay Prohibited conduct (discrimination etc) Equality, diversity and inclusion Whistleblowing Coronavirus (COVID-19) Issues arising on termination Employment tribunals Corporate governance Immigration Daily and weekly news alerts New and updated content IRLR Highlights—September 2024 Dates for your diary Trackers New Q&As Pay Think tank High Pay Centre released analysis of FTSE 100 executive pay for 2023. While CEO pay growth has eased after the post-pandemic surge, the median package hit a new record, up from £4.1m in 2022 to £4.19m in 2023. See: LNB News 12/08/2024 34. Prohibited conduct (discrimination etc) ET permitted to reject dismissal complaints despite the employer’s previous omission to make reasonable adjustments. In Parnell v Royal Mail Group [2024] EAT 130, the claimant brought about 31 employment tribunal claims, divided into two periods, each decided by a different tribunal...

In this issue: Corporate governance Company law and regulatory matters Useful information Dates for your diary Weekly highlights from other practice areas Corporate governance GSK plc and BAE Systems plc unveil new directors’ remuneration policies FTSE100 groups GSK plc and BAE Systems plc have released updated directors’ pay frameworks within their 2024 annual reports, each proposing meaningful rises for their CEOs. GSK plc has emphasised that its chief executive’s overall package sits below the lower quartile of its global biopharma peer set across all compensation metrics, with the sole exception of base pay, where she remains below the median. Accordingly, the CEO’s base pay will rise by 5%, and her on-target annual bonus will move from one times to 1.5 times salary, with the cap remaining three times salary under the new arrangements. The CEO’s LTIP award maximum will lift from six to eight times base salary, with the 2025 award set at 7.25 times to reflect that...

In this issue: Budgets, Autumn Statements and Finance Bills Tax treatment Corporate governance Useful Information HMRC Manuals tracker Weekly highlights from other practice areas Budgets, Autumn Statements and Finance Bills Spring Budget date confirmed HM Treasury has announced that the Spring Budget 2024 is set for 6 March. See Spring Budget 2024 date confirmed. 27 December 2023 Tax treatment HMRC reminds companies to save copies of ERS returns and notifications HMRC has introduced a minor update to its published guidance on submitting and filing employment related securities (ERS) returns and notifications, to stress that companies should retain a copy of everything submitted for their own records, because the online service does not preserve the details and it will not be possible to retrieve the filing later. For more detailed information on the requirements and process, see Practice Note: FAQs on UK share schemes registration and annual returns. See Tell HMRC about your employment related...

Forthcoming developments: In December 2025, the Migration Advisory Committee released its review of salary requirements for work visas, advising that the general and occupation‑specific salary thresholds in the Senior or Specialist route should be pegged to the median earnings of eligible occupations. For the Graduate Trainee route, the Committee proposes a single salary threshold of £33,400, aligned with the Skilled Worker new entrant rate, and calls for the removal of occupation‑specific rates. See: LNB News 17/12/2025 33. Senior or Specialist Worker and Graduate Trainee are Global Business Mobility routes that, from 11 April 2022, replaced the Intra‑Company Transfer and Intra‑Company Graduate Trainee routes respectively. The Senior or Specialist Worker route permits organisations with overseas linked entities to move established employees to their UK offices to perform skilled roles. For sponsorship fee purposes, it is treated as a Worker route, and partners in business structures such as limited liability partnerships (LLPs) are considered employees. The route is contained in the Immigration Rules, Appendix Global Business Mobility—Senior or Specialist Worker....

The gender pay gap reporting obligations are set out in the following pieces of legislation: Equality Act 2010 (Gender Pay Gap Information) Regulations 2017 (Private Sector Regulations), SI 2017/172, which apply to the private and voluntary sector and to public sector employers not covered by the public sector regulations Equality Act 2010 (Specific Duties and Public Authorities) Regulations 2017 (Public Sector Regulations), SI 2017/353, which apply to most public sector employers This Practice Note offers a summary of the essential points employers should know about both sets of regulations (together called in this Practice Note the Regulations) and considers their provisions in greater detail. The main emphasis is on how the gender pay gap reporting duties operate for private and voluntary sector employers, while also outlining the distinctions that apply to gender pay gap reporting by public authorities in England, alongside certain cross‑border authorities and non‑devolved authorities working across Great Britain. For information on understanding gender, ethnicity and disability pay gaps...

ARCHIVED: This Practice Note has been archived and is not maintained. This analysis reviews the key amendments to the Immigration Rules (the Rules) contained in HC 590 that are relevant to business advisers. The Statement of Changes was published on 14 March 2024, accompanied by an Explanatory Memorandum (EM). Subscribers can swiftly navigate to particular headings in this Practice Note using the Table of Contents bar on the left. For help on interpreting a Statement of Changes in Immigration Rules, see Practice Note: Sources of immigration law and their legal status. The Statement chiefly delivers: the principal Skilled Worker reforms; the initial uplift to the minimum income requirement for family visa applications, announced in the Home Secretary’s five-point plan for Legal Migration in December 2023; an update to the Standard Occupation Classification (SOC) code system to SOC 2020. See: LNB News 04/12/2023 64 and LNB News 22/12/2023 24. The Skilled Worker measures introduce substantial increases to salary thresholds and going...