Organisations invited to join Annual Cost of Living Award Survey

Agenda ConsultingAgenda Consulting, a people research consultancy specialising in the not-for-profit sector, invites Third Sector organisations to take part in its Annual Cost of Living Award Survey.

The survey seeks to establish the basis upon which cost of living awards are made in the sector, to determine if organisations are planning awards this year, and what the awards will be.

The survey findings will be published by Agenda Consulting in a report on 22 February 2016, which will offer boards of trustees and senior managers concise, accurate and up-to-date information to reference when making pay-related decisions.

Organisations that complete the survey will receive a 50% discount on the price of the report when it’s published. The cost of the report will be £90, so just £45 for those taking part.

130 organisations took part in the survey in 2015 and 87% of them included an annual cost of living award as part of their salary structure.

Last year, the factors influencing the value of the award included: affordability (mentioned by 87% of respondents), the average cost of living awards across the voluntary sector (chosen by 55% of respondents) and the Retail Price Index, which was used by 46% of organisations and the CPI (Consumer Price Index) which was used by 45%. Other factors included: appraisal ratings, comparisons with salaries in the public and private sector, as well as organisational performance and the economic climate.

A quarter (24%) of organisations who responded last year said that employees with an appraisal score of ‘development required’ or ‘unsatisfactory’ did not receive a cost of living award.

Roger Parry, Director at Agenda Consulting said: “Our Annual Cost of Living Award Survey is an important barometer that highlights how pay-related decisions are made and a useful benchmarking tool for helping Third Sector organisations decide on their own awards. Just as in the commercial sector, individual performance is vital in deciding pay awards, a growing number of organisations now link their annual cost of living awards to employee performance, and this is a trend we expect to continue this year. Other emerging trends for the sector in 2016 will be revealed in the report.”

To participate in the Annual Cost of Living Award Survey 2016, go to:

https://reflections.agendaconsulting.co.uk/annualcostoflivingaward

To pre-order the report, go to: http://www.agendaconsulting.co.uk/product/annual-third-sector-cost-living-award-survey-2016/