Reward and recognition payments
Published: 13 October 2022
The current financial year is now halfway through and this is an opportunity to review budgets including staffing costs, in the light of the cost of living pressures being faced across the country. Pay and reward issues are for MPs to decide, within the IPSA salary ranges, but the following information may be useful.
The staffing budget enables you to award staff reward and recognition payments, provide paid overtime rather than time off in lieu or increase salaries within the set job bands. For the period of this financial year, IPSA will suspend the 2% cap rule which restricts the proportion of your budget that can be used for Reward & Recognition payments. The cap on individual Reward & Recognition payments remains.