All articles by Nicola Sullivan – Page 43
-
Article
Tullet Prebon offers staff chance to relocate
Broking staff at money-broker Tullett Prebon have been given the chance to relocate from Britain following the government's introduction of a 50% tax on bonuses of more than £25,000.The plan was approved by the company's board, headed up by chief executive Terry Smith, which reportedly concluded that it was in ...
-
Article
Comic bails out of gig for debt collectors
Employees working for debt-collecting firm Cabot Financial must be used to colourful avoidance strategies and people on the run.However, they were probably not expecting comic Michael McIntyre to turn down £28,000 and pull out of hosting a Christmas gig bosses put on for staff at the O2 Arena.It was reported ...
-
Article
Pre-Budget Report: Clamp down on public sector pay
The government will seek to ensure that all pay settlements in the public sector will be capped at 1%.Delivering his pre-Budget report earlier today, Chancellor Alistair Darling said that from 2011†the cap would be placed on basic pay increases across the public sector for 2011-12 and 2012-13, generating savings of ...
-
Article
Pre-Budget Report: State-funded contributions to be capped for public service pensions
Chancellor Alistair Darling has announced that public service pension contributions will be capped to bring them more in line with those offered in the private sector.In the pre-Budget report, the Chancellor said contributions by the state into pensions for teachers, local government, National Health Service and civil service workers would ...
-
Article
Pre-Budget report: Bankers' bonuses of more than £25,000 subject to one-off 50% tax
Chancellor of the Exchequer Alistair Darling has announced that bankers’ bonuses amounting to more than £25,000 will be subject to a one-off 50% tax.The measure outlined in today’s pre-Budget report is designed to ensure banks can use their profits to build up their capital base.Darling, who decided against introducing the ...
-
Article
A bonus pot worth £295,000 for immigration chiefs
Senior employees at the UK Border Agency (UKBA) shared a bonus pot of £295,000 last year despite a damning report that highlighted it had a long way to go before it is operating efficiently.The report The Work of the UK Border Agency, produced by the Home Affairs Committee, headed up ...
-
Article
Compensation and benefits remains highest paid HR specialism
Compensation and benefits professionals are the best paid in the HR industry, taking home as much as 9% above the average salary for a senior manager.According to the findings of this year's Personnel Reward Survey from the Chartered Institute of Personnel and Development (CIPD) and Croner Reward (part of Wolters ...
-
Article
Sickness absence ignored when employers shut DB pensions
A quarter of businesses do not understand how closing a defined benefit (DB) scheme has an impact on sickness provision, according to research conducted by trade organisation Group Risk Development (Grid).The study highlighted that an employer operating a DB scheme may use early retirement as an option if an employee ...
-
Article
Driver training thrown into the spotlight after cops crash flash car
News that Italian police officers have written off a £200,000 Lamborghini illustrates that even ‘elite’ drivers could benefit from some basic driver training.While the Italians are often well known for their flamboyant driving techniques, the policemen driving the 202mph Gallardo Coup model made a proper ‘Italian Job’ of it after ...
-
Analysis
Rewards for long service boost staff morale
Long service should still be rewarded, says Nicola SullivanWith the notion of a job for life now firmly in the past, employers may wonder whether long-service awards are still relevant. In many cases, organisations may feel they can take a rain check on rewarding long service during a recession because, ...
-
Case Studies
Employer profile: Amey
Public services provider Amey is focusing on staff health and wellbeing to help it cope with rapid expansion, says Nicola SullivanBusiness is booming for public services provider Amey. The company has a forward-order book of work worthmore than £7 billion, subject to the finalisation of a £2.7 billion highways maintenance ...
-
Article
Logica set to shut final salary pension scheme
Computing group Logica plans to close its final salary pension scheme as part of a restructure of its pensions arrangements in the UK.The plans to close the scheme to future accrual will affect 470 employees, representing 8% of the firm's UK workforce. A Logica spokesperson described the move as a ...
-
Article
Aviva appoints Phil Willcock as managing director of UK health business
Phil Willcock has been appointed as managing director of Aviva’s UK health business.Willcock, who will start his new role in January, originally joined Aviva (formally Norwich Union) in 1996. He has previously held roles as sales and marketing director for Norwich Union Healthcare (now Aviva UK Health) between 2003 and ...
-
Article
FSA to eradicate commission on GPPs, stakeholder pensions and Sipps
The Financial Services Authority (FSA) has proposed that providers of group personal pensions (GPP),stakeholder pensions and self-invested personal pensions (Sipps) should not be able to pay commission to firms that advise employers in setting up pensions schemes.This proposal, outlined in the FSA’s consultation paper, Delivering the retail distribution review, would ...
-
Article
Integrated Project Systems launches online absence management system
Integrated Project Systems (IPS) has launched an online absence management tool designed to increase business efficiency by helping organisations to track absence records more effectively. The launch of MyWebWorkplace.net gives managing directors, HR departments, line managers, and individual staff members 24/7 access to holiday and sickness entitlement, allowing strategic planning ...
-
Article
Hamster hotel for staff who want to get out of the rat race
Employers in France could give their staff a break from the rat race by putting them up in a hotel where guests live like hamsters.Treating staff to a night at the Hamster Hotel in Nantes could also complement an employer’s health and wellbeing strategy. For example, guests are encouraged to ...
-
Article
Walker Review puts pressure on banks to disclose high pay
Large banks are under pressure to disclose how many members of staff earn more than £1 million as a result of recommendations outlined in a review conducted by banker David Walker.The Walker Review, published today, also proposed extending the role of the remuneration committee to cover the remuneration policy for ...
-
Article
InterGlobal launches two private medical plans for African market
International private medical insurer InterGlobal has launched two new private medical insurance (PMI) plans designed especially for the African market.The new plans are available either as individual or group schemes and offer two levels of cover.The Africa UltraCare Standard Plan provides comprehensive cover against the cost of inpatient medical treatment, ...
-
Article
Bank of England to implement HR and payroll system
Logica has been appointed by the Bank of England to participate in the ongoing development of its HR services by providing benefits, talent management and payroll administration software.The five-year HR services contract will see Logica work with the bank to help drive continuous improvement in the delivery of HR services ...
-
Article
Staff at meat processing plant clock off for toilet breaks
Spending a penny is not just a polite euphemism for some employees.Staff at Dunbia’s Sawley-based meat processing plant have to clock out every time they need to relieve themselves. This means they are not paid when they go to the toilet.The company has confirmed that the measure is in place ...