Tags: Banking

Half a million bank workers performance suffering due to stress

Research from Robertson Cooper and the Bank Workers Charity (BWC) has revealed the combination of work and non-work pressures are affecting half a million bank workers in the UK. The findings show that financial worries, caring responsibilities and concerns about the future are all significant home/life factors affecting performance at work. Supporting employees to deal…

Bank bosses battling for top gong at ‘Gay Oscars’

Banking chiefs are set to battle it out for a top gong at Britain’s ‘Gay Oscars’ later this year. Chris Sullivan, CEO Corporate Banking Division at RBS, Curt Hess, CEO Europe Middle East and Business Banking at Barclays, and Ian Fisher, Head of Investment Banking for Societe General, are all in the running to be…

Ian Davidson: Time and relative dimensions in reward

Introduction There is an old saying that a bird in hand is worth two in the bush. This proverb is increasingly relevant in reward. More and more often the payment of reward is becoming dislocated from the time in which the rewarded task takes place. Share options, LITP’s, and bonus deferral schemes all move the…

Changing banking for good: It’s all about the culture

Proposals published  by the Parliamentary Commission on Banking Standards to change banking for good, such as deferring bonus payments for as long as 10 years and jailing senior bankers for reckless misconduct, are welcome and necessary, but insufficient in themselves to change banking culture. This is the view of the Chartered Institute of Personnel and…

Bosses pay is ‘below inflation’, says Incomes Data Services

A forecast by pay specialists Incomes Data Services (IDS) said average rises for managers and professionals will be around 2.2 per cent, falling to 0.7 per cent for those in public sector organisations. Private sector pay awards are expected to be more generous, with average rises of 2.6 per cent, said the report. Adam Cohen…

New development programme from Talent Q  up-skills recruitment function at Lloyds Banking Group

Talent Q, the talent assessment specialist, has run a modular development programme to improve the technical skills and personal effectiveness of the recruitment team in Lloyds Banking Group’s Wholesale & Commercial division. “When you’re competing in a global market for top talent, you need to invest in the skills of your recruiters,” said Michelle Rajkumar-Clifford,…

The BCC say businesses lack trust in banks

A survey released by the British Chambers of Commerce (BCC) showcases the falling levels of trust that businesses have in financial institutions. The findings show that 49% of firms use banks or building societies for external finance, with only 10% using equity, and 8% using grants, venture capital, private equity, peer-to-peer lending and angel finance…

Government-backed ‘business bank’ needs “structure”

Plans for a new Government-backed ‘business bank’ to boost small business lending, announced by the Business Secretary, Vince Cable, have been broadly welcomed by business groups. Vince Cable said: “Government makes decisions every day that affect the British economy, but has for too long done this in an ad hoc way. Government needs to be…

Gender equality still has a long way to go in banking

A male dominated management culture is hindering gender diversity and preventing women reaching the top levels in banking, according to a report published by the Institute of Leadership and Management. The Women in Banking report found that nearly half (48 per cent of women) working in the banking sector believed that they faced barriers to…