All articles by Ian Silvera – Page 18
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GlaxoSmithKline lowers exec bonuses by £1.781 million
GlaxoSmithKline (GSK) lowered annual bonuses for executive directors by £1.781 million in 2012.According to the pharmaceutical firm’s Annual Report 2012, the group’s executive directors received £2.131 million in annual bonuses for 2012, compared to £3.912 million in 2011.However, GSK’s remuneration committee decided to increase annual salaries for executive directors’ by ...
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RBS to pay out £607 million in bonuses
The Royal Bank of Scotland is to pay out £607 million in variable compensation.According to the bank’s Annual Results 2012:Its total variable compensation stood at £607 million in 2012, down from £789 million in 2011.£215 million of this amount has been allocated to investment bankers, down from £360 million in ...
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New occupational health report aims to improve return to work
Allied health professionals, such as physiotherapists, occupational therapists, chiropodists and podiatrists, could play a greater role in helping ill or injured employees return to work following the publication of a new assessment report.The Allied Health Professions (AHP) Advisory Fitness for Work Report, which has been developed by The Chartered Society ...
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Aviva partners CSP on workplace health campaigns
The Chartered Society of Physiotherapy (CSP) has partnered with health insurer Aviva to launch new health awareness campaigns across the UK.? ?The Fit for Work initiative will offer a programme of activity and resources designed to improve the wellbeing of the UK workforce and to highlight the importance of physiotherapy ...
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Costain offers new HR and payroll system
Engineering organisation Costain has implemented an auto-enrolment and payroll services system.It will use Ceridian’s software-as-a-service (SAAS) suite of products to offer its 3,000 employees managed payroll, HR administration, workforce management, performance management and auto-enrolment modules, among others.Fiona Ware, HR director at Costain, said: “While a [software-as-a-service product] was identified from ...
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FTSE 100 chairmen receive 6% pay boost
FTSE 100 chairmen received a 6% average pay rise in 2012, according to research by Incomes Data Services (IDS).The report into non-executive directors’ pay found that the average fee for a non-executive chairman was £397,350 in 2012.Meanwhile average fees for chairmen ranged from £270,000 in technology organisations to £517,943 in ...
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Chinese boss outsources daughter's homework to staff
Something for the weekend …A savvy boss in China sneakily outsourced his 12-year-old daughter’s homework assignments to nine of his employees.According to local newspaper, the Qianjiang Evening News, the demanding daughter forced the employees to stay up late for two nights because, instead of picking one homework option from a ...
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MetLife launches master trust for SMEs
Insurer MetLife has launched a master trust for small and medium-sized enterprises (SMEs).The MetLife Master Trust helps employers insure lump-sum death benefits for staff and their partners to avoid the cost and administrative time involved in setting up their own pension scheme, as well as having to appoint trustees and ...
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Planned rise in fuel duty scrapped
Budget 2013: The planned 3% rise in fuel duty has been scrapped.In the 2013 Budget, Chancellor George Osborne announced the government would cancel the 1.89 pence per litre increase, which was due to come in effect on 1 September 2013, because of the impact negative impact high pump prices have ...
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UK employers overlook grey fleet driver safety
UK employers are failing to adequately implement driver safety initiatives for employees who use their own cars for work, according to research by services company Fleet21.The Fleet21 business driver report revealed that 31% of employers surveyed did not check whether grey fleet drivers had the correct business car insurance, while ...
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WPA launches medical diagnostic cover
Health plan provider WPA has launched a service to help cover employees’ private consultations and diagnostic procedures.Swift Diagnosis has been designed to enhance WPA’s existing cash plan product, NHS Top-Up, and aims to fill the gap between GP and in-patient care.The scheme, which is avaliable from 1 April 2013, also ...
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PQM rolls out communication guide
The Pension Quality Mark (PQM) has launched a new guide to help organisations communicate more effectively with their employees about pensions.The free guide is the first guidance document published by PQM, which was founded by the National Association of Pension Funds in 2009, and aims to tackle the issue of ...
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Ultra low emission employer car tax
Budget 2013: The Chancellor George Osborne has announced a new, ultra low emission company car tax.The company car tax (CCT): ultra low emission vehicles (ULEVs) will come into effect on April 2015.There will be two new CCT bands which will will be introduced by the government at 0-50 grams/kilometre of ...
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Employers review car provision
EXCLUSIVE: Three quarters (75%) of fleets reviewed their car provision during the last 12 months, as many organisations continue to focus on cost saving, according to research by Alphabet.The Alphabet fleet management report, which surveyed 250 UK fleet managers, also found that:The proportion of employers that benchmark fleet costs against ...
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Work Foundation calls on government to help staff with cancer
The government should do more to support people with long-term conditions, such as cancer, in returning to work, according to the Work Foundation. Its Returning to work: Cancer survivors and the health and work assessment and advisory service report paper has been written in partnership with Macmillan Cancer Support.The organisations ...
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Employers reluctant to adopt social media
A resistance to change and a lack of social media savviness among senior leaders is holding organisations back from fostering cultures of transparency, collaboration and innovation, according to research by the Chartered Institute of Personnel and Development (CIPD).The Current landscape of social media and employee voice report, conducted by Silverman ...
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New trade union share owners group to address pay and pensions
Trade union groups the Trade Unions Congress (TUC), Unison and Unite have teamed up to launch a group that aims to put union values at the heart of corporate governance on issues such as excessive directors’ pay.Trade Union Share Owners will work with shareholder advisory group Pensions and Investment Research ...
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Pilkington Glass to close DB scheme to future accrual
Pilkington Glass is to close its defined benefit (DB) pension scheme to future accrual and move its 1,489 members into the organisation’s group personal pension (GPP) plan.The manufacturer has paid £120 million in additional contributions into the Pilkington Superannuation Scheme (PSS) over the past four years. However, the cost of ...
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University of Edinburgh rolls out Nest
EXCLUSIVE: The University of Edinburgh is to introduce a defined contribution (DC) pension scheme on 1 March 2013 as part of its auto-enrolment compliance duties.The university will roll out the national employment savings trust (Nest) to its 12,300-strong workforce.To comply with auto-enrolment requirements, the university will contribute the minimum of ...
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Royal Institution of Chartered Surveyors selects auto-enrolment system
The Royal Institution of Chartered Surveyors (RICS) has selected a technology system to enable it to comply with its auto-enrolment duties.The society, which employs more than 650 staff worldwide, has chosen cloud-based software from Fairsail. The product is designed to link in with existing Hr and payroll systems, as well ...