REBA Research #3: Impact of the coronavirus crisis on pay, bonuses, executive remuneration and employee benefits
The Reward & Employee Benefits Association (REBA) conducted a snapshot survey between 28 April and 5 May 2020, to gain fast-track insight into decisions about pay and benefits being taken by employers in response to the huge economic impact of coronavirus and COVID-19 on UK and global businesses.
This survey covers:
- Current and future impact of coronavirus on sustainability of organisations
- Use of the Coronavirus Job Retention Scheme
- Workplace planning, redundancies and recruitment
- Pay and bonus decisions
- Executive remuneration: pay, LTIPs, bonuses and Shareholder AGMS
- New benefits: COVID-19 tests, face masks and travel to work
- How COVID-19 is changing employee wellbeing offerings and insurances
- Impact on employee financial wellbeing services
- How employers are supporting physical, mental, financial and social wellbeing.
REBA received 194 responses to the survey from its members, including organisations such as Airbus, British Transport Police, easyjet, Home Office, John Lewis Partnership, Marks & Spencer, National Trust, Ocado, Rolls-Royce, Shell International and Virgin Atlantic.
In total, the businesses that responded to the survey represent almost one million employees, across industry sectors including financial services, technology, retail and engineering. Just over three quarters (77.8%) of respondents were from the private sector.
This is REBA’s third survey related to the pandemic crisis. The first was conducted between 17 and 19 March and the second between 31 March and 6 April 2020. Both are available for download from www.reba.global/research.