Tags: Bonus

Confusion still lies around Impending agency workers regulations

Despite there being only two months to go to get adequate compliance processes in place, many employers are still confused about the implications for their business of the forthcoming Agency Workers Regulations (AWR),reveals new research from Adecco, the UK’s largest recruiter. Adecco’s latest survey of nearly 500 HR professionals found that respondents were particularly unclear…

Union outraged by big bonus payments for the financial sector

The Trade Union Congress (TCU) is outraged to see that statistics revealed that bonus payments for the finance and insurance sector in 2010/11 totalled £35 billion, the same as the previous year. The union believes that the figures from the Office for National Statistics (ONS) show that the Chancellor’s attempt to curb bonuses at financial…

650 NHS heads took pay rise as Britain double dipped

At least 650 NHS managers in England were paid a larger salary than the Prime Minister (which is £142,500) in 2009/10, according to a report by Income Data Services (IDS). The average chief executive got £158,800 and heads of foundation trusts got £164,500. The report said that while nurses’ pay went up by 68 per…

Incentives for GPs have failed to boost healthcare standards

Financial incentives for general practitioners have failed to improve health standards or reduce inequalities, according to new research published by The King’s Fund. The pay-for-performance scheme for GPs introduced in April 2004, known as the ‘quality and outcomes framework’ (QOF), didn’t improve ill-health prevention or health promotion by GPs, the think tank said. Where local…

One third of Financial Services professionals disappointed with 2010/11 bonus payments

In March/April 11, Morgan McKinley surveyed 192 financial services professionals on their payments in the 2010/11 bonus round.  The survey found that 79% received a bonus this year, with 39% receiving a higher amount compared to last year.  In Morgan McKinley’s March 10, survey 47% had received a higher payout compared to the 2008/09 bonus…

Boost in employee benefits for workers with regulatory experience

Jobseekers with proven regulatory experience may find new job opportunities and employee rewards in the financial sector, it has been claimed. According to Badenoch and Clark, an increase in regulation and compliance is creating new jobs with employee benefits in professional service industries such as banking, accounting and financial services. Lynne Hardman, managing director of…

Bonuses are best for retaining staff, say employers

Almost two thirds ( 64%) of managers feel that bonuses and reward based pay are the most effective employee benefit for retaining staff. That is according to an online survey of senior managers conducted recruiter CBSbutler. Just over a quarter, (27%) believe pensions are the best benefit for holding on to employees. Interestingly, and perhaps…

Asda is delivering an early Christmas present to thousands of its colleagues ,with the news that they will share a £16 million festive bonus to thank them for their hard work throughout 2010. The ‘Christmas Thank You’ package – which includes a £20 Asda gift card, a free festive meal and an exclusive 20% discount…

Companies which try to reduce staff wages without the consent of staff could leave themselves open to redundancy law payouts. That is according to Simon Horsfield, employment lawyer at Pinsent Masons, whose comments come in the wake of Hewlett Packard’s decision to cut the salary of its workforce. Mr Masons explained that in the UK,…

Despite news of staff freezes, a new report has revealed that two-fifths of employers will be increasing their secretarial and support staff in 2009. That is one of the findings in the annual Market Report and Salary Survey conducted by recruitment firm Crone Corkill. In addition to the 39 per cent of employers who said…

Employees would prefer to be given a bonus at Christmas rather than a party as they do not want to celebrate with someone who may sack them, a careers website says. People are concerned about keeping their jobs and do not want to attend a social occasion when they are worried, according to Monster. Research…

Employers are being urged to tailor their retention strategies to different age groups in order to ensure they are able to hold on to the best talent. According to new research from MRINetwork, younger workers at the beginning of their careers are one of the most challenging groups to keep hold of. Dubbed ‘hummingbirds’ because…

Some small to medium sized enterprises (SMEs) struggle to adequately recognise the achievements of their staff, it has been claimed. According to research by Nectar Business, 81 per cent of managers in UK SMEs believe rewarding employees can help to motivate them and encourage loyalty. However, 48 per cent admit they do nothing to recognise…