All articles by Nicola Sullivan – Page 16
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Article
Wayward cow lands advertising job
Taking the bull in a china shop approach may land you a top job and propel you to celebrity status.It certainly worked for a wayward cow in Austria which wandered into a branch of Intersport based in Serfaus, one of the country’s skiing hot spots.†Store staff had to used a ...
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Article
Banks urged to cut back on bonuses in the face of economic uncertainty
Banks have been told to reduce bonuses and shareholder dividends in the face of worsening economic conditions and the European debt crisis.The Bank of England’s new Financial Policy Committee (FPC) said banks should strengthen their finances by ensuring that discretionary payments reflect any fall in profits.A statement from the FPC ...
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Article
Employee Benefits Live: Reward for FTSE 100 executives has almost doubled in five years
The remuneration package of FTSE 100 executives has almost doubled in five years which has raised questions over whether reward is matched with company performance.During his session on creating reward packages for high earners at Employee Benefits Live, Stephen Cahill, a member of the Chartered Institute of Personnel and Development ...
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Article
Employee Benefits Live: Employers should consider the needs of low paid staff
Stephen Bevan, director of the Centre for Workforce Effectiveness, at The Work Foundation, sheds light on the needs of low paid staff during the age of austerity.Addressing delegates during his keynote session on the second day of Employee Benefits Live 2011, Bevan said there were 10 million workers in the ...
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Article
Employee Benefits Live: Dairy Crest successfully closed final salary scheme to future accrual
Dairy Crest closed its defined benefit (DB) scheme to future accrual, a move which saved the firm £700 million in future liabilities.Addressing delegates attending Employee Benefits Live 2011, which kicked off 27 September at the Business Design Centre in Islington, Rob Tansey, group HR director at Dairy Crest, spoke of ...
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Article
The Pensions Trust launches flexible retirement website
The Pensions Trust has launched a website to assist employers and defined contribution (DC) pension scheme members to manage flexible retirement plans.The website provides web-only administration for the flexible retirement plans, and interactive and informative tools for members, prospective members and employers.It also includes information on the plan, the options ...
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Article
Stadia Trustees launches investment directory
Stadia Trustees, the provider of self-invested personal pensions (Sipps), has launched a directory offering a wide choice of investment products.The service, called SippWise, offers a wide range of investments from deposit accounts to more unusual alternative investments for both Sipps and qualifying recognised overseas pensions schemes (Qrops).Some of the more ...
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Article
EXCLUSIVE: RWE Npower sets new charity target
RWE Npower is encouraging its staff to pull together to raise an additional £100,000 this year for its nominated charity, Macmillan Cancer Support, which is celebrating its centenary year.In October, the energy firm's 12,000 employees will be given time off to collect money for charity at Tesco and Morrisons stores, ...
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Analysis
Health and wellbeing: Mentally prepared
If you read nothing else, read this . . . The government's welfare reforms strengthen the case for employers to offer robust provisions to address employee mental health. Mental health champions can be used to create an open culture and encourage staff with problems to come forward. The government's Access ...
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Article
EXCLUSIVE: Good Measures offers green service to help employers promote sustainability
Good Measures is to launch a service that encourages staff to improve their employer's environmental sustainability and take a share of any cost savings.The service, One Planet Workplace, is designed to help UK employers meet the government target of a 34% cut in greenhouse gas emissions by 2020.It allows organisations ...
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Case Studies
Case study: Deloitte partners are mental health champions
Accountancy firm Deloitte made nine of its senior partners mental health champions as part of efforts to increase openness about mental health among staff.Employees experiencing mental health problems can talk confidentially outside of internal line management structures to trained mental health champions, who can provide reassurance and support while pointing ...
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Analysis
How to make flexible retirement arrangements
If you read nothing else, read this . . . Organisations that operate flexible retirement arrangements need to be aware of age discrimination laws. Employers may need to amend their pension scheme rules before adopting a flexible retirement policy. Employees will require independent financial advice to ensure they make decisions ...
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Case Studies
Kantar Worldpanel aims for fun culture
Case study: Generous pension gives valueMarketa Kozlova, client executive at Kantar Worldpanel, joined the organisation in 2007. She is the main point of contact for Marks and Spencer (M&S), one of Kantar’s clients.The 27-year-old works with the retailer’s team that is involved in strategic and commercial decisions, relaying data that ...
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Article
The US Justice Department spends thousands of dollars on muffins for staff
It appears that the US Justice Department believes the way to its employees’ hearts is through their stomachs.Apparently, it spent $4,200 on 250 muffins for staff attending a conference at a hotel in Washington, DC.The $16-a-piece (£10) luxury snacks will no doubt have contributed to workers’ capacity to develop their ...
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Article
NHS Employers organisation concerned about national pay arrangements
The NHS Employers organisation has said the present national arrangements for pay and conditions are not affordable due to the cost pressures facing the NHS,.However, it added restraining pay bill costs is essential to minimise potential job losses and protect patient services.The NHS Employers organisation has outlined its concerns to ...
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Article
Polestar appoints Mercer to provide pensions administration services
The Polestar Pension Scheme has appointed Mercer to provide administration services.The printing firm’s defined benefit pension scheme has been closed to new members since April 2003, and has over 8,600 pensioners and deferred members.Jill Carruthers, a principal at Mercer and client relationship manager for the Polestar Pension Scheme, said: “The ...
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Article
Pensions Minister promises women won't lose out due to later retirement age
Pensions Minister Steve Webb has promised that proposed changes to men and women’s retirement ages will not penalise women in their fifties.Concerns had been raised that plans for a universal state pension age of 66 by 2020 would mean that women born between December 1953 and October 1954 faced the ...
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Article
Harvey Nash research: FTSE 100 CEOs penalised for poor share performance
FTSE 100 chief executive officers (CEOs) who served continuously in the lead up to, and through, the downturn are more likely to be penalised for poor share performance, and rewarded when it improves, according to research carried out by the Harvey Nash Board Practice, and the London Business School.The research ...
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Article
Employers urged to use forward-looking reports for executive remuneration
The debate over how executive pay policies should be presented to shareholders has gathered pace after a leading investor argued that organisations should issue forward-looking reports on remuneration.Robert Talbut, chief investment officer at Royal London Asset Management, said that such a report would outline the planned value of an executive's ...
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Article
Government publishes consultation on executive pay
The government has published a consultation on executive reward that proposes to simplify the reporting requirements for organisations so investors are given clear information on performance and pay.The consultation, The Future of Narrative Reporting, said that such measures would increase the transparency and accountability in the investment chain and enable ...