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GlaxoSmithKline plant employees strike after rejecting 6% pay deal

Employee Benefits

Employees of pharmaceutical business GlaxoSmithKline (GSK) have commenced a series of walkouts across the UK from today (2 May) in an ongoing dispute over pay. The union noted that this increase was below retail price index (RPI) inflation , which rose by 13.4% in the 12 months to February 2023. in the 12 months to February 2023.

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What’s a merit increase, and should your business use them?

Business Management Daily

Bonuses As stated before, a bonus is not a permanent increase to an employee’s salary. Employers confuse bonuses with merit increases because both are based on work performance. Some companies may hand out bonuses during annual performance reviews instead of merit increases. It’s not just a bonus, either.