Tags: Executives

only a minority of C-suite execs believe their HR teams are ‘doing a good job’ HR seen as relying on ‘instinct’ instead of ‘hard evidence’ questions asked about the value provided by HR teams to their business Business leaders across the globe say that their HR functions are ineffective and consistently fail to demonstrate any…

Over a third of new executives considering jumping ship

Thirty-nine per-cent of Senior Executives starting a new job find their first three months in the role so tough that they consider walking away from the organisation according to research by professional recruitment and executive search firm Harvey Nash. The report ‘Onboard and upwards: How an executive’s first 90 days make or break the ones…

A third of executives consider quitting in their first 90 days

CEO and business need to work more closely with HR function to ensure senior executives are onboarded successfully Senior executives are being poorly recruited and entered into UK organisations, often as a result of the business failing to work more closely with the HR function, according to new research out today (4 October 2012) from…

CBI responds to government plans on executive pay

The CBI responded to the Secretary of State for Business Dr Cable’s announcement on plans to reform executive pay and introduce binding shareholder votes. John Cridland, CBI Director-General, said: “This substantial package of measures strikes a balance, by giving shareholders increased transparency on pay and providing ways to hold Boards to account, without getting them…

Rogue behaviour can’t just be blamed on individuals, says KPMG

As rogue traders continue to make headlines, KPMG’s Head of Risk Consulting, Karen Briggs, addressed an audience of senior executives debating the impact that rogue behaviour can have on the bottom line. Karen suggested that HR teams can – and should – play a central role in managing risk and preventing fraud. She commented: “The…

Are men receiving significantly more support to reach board positions than women?

A new report out today (Tuesday 20 March 2012) shows that more men than women who aspire to reach the boardroom are likely to be offered support by their employers. Praesta, which coaches 450 top executives a year of whom 120 are senior women, has published research into the issues that top females discuss through…

Female leaders suffer “maternity penalty”

Unconscious bias leads organisations to discriminate, says report A key reason for the lack of women at the top of corporations is that they are penalised for prioritising childcare duties over work, according to a report by Mercer. The study revealed European data showing that only 29 per cent of senior managers across the continent…

Lloyds Banking Group to claw back executive bonuses

The banking firm will be clawing back bonuses worth £2 million from four board directors and six other executives. According to the BBC, the former chief executive Eric Daniels will lose between £600,000 and £700,000, as the bank prepares to take between 40% and 50% of a £1.45 million bonus. Three other board directors are…

Shrinking wage pool costs workers £60bn a year

The falling proportion of national output that goes on wages has meant that UK workers today are taking home £60bn a year less (in today’s money) than workers did 30 years ago, according to a new report published today (Monday) by the TUC. The finding is published in the latest TUC Touchstone Extra pamphlet All…

Vince Cable reveals crackdown on executive pay

Vince Cable has revealed plans to reform executive remuneration. Outlining his proposals in Parliament, the Business Secretary put forward a four-pronged package. He aims to provide greater transparency, more shareholder power and diversity on boards, and calls for best practice. Cable has taken steps to curb the level of executive pay following the response to…

Fitting brakes to the pay merry-go-round

It’s no longer just protesters outside St Paul’s Cathedral who want something done about high executive pay. Prime Minister David Cameron has spoken of the “excessive growth” in pay and a “failure” of the market to deal with it. He said he understood why it made “people’s blood boil”. Calls for pay reform gained traction…

The Prime Minister believes shareholders should be able to vote on executive pay

There should be no reward for failure, the Prime Minister has said, claiming that excessive payouts to company executives are “ripping off shareholders” – and the Confederation of British Industry (CBI) agrees, at least with the first point. While stating that it was not a government’s role to tell companies what they can pay people,…

Executive pay has risen 4,000% in 30 years

Total executive earnings have increased by more than 4,000 per cent in the past 30 years, damaging trust between employees and business leaders, according to findings from the High Pay Commission. The report has found that senior pay levels are damaging the economy and society as a whole as remuneration packages are often concealed within…

The Missing Ingredient for Corporate Recovery

Business leadership is in crisis: that is the implication of a series of studies highlighting the latest trends in post-recession recruitment. HM Revenue and Customs has revealed British businesses spent £4.4billion on redundancy payouts in the previous year alone, at an average cost of £9,362 per employee, dwarfing the estimated £4,000 per head spent on…