20,000 financial services jobs to be axed by end of quarter
The speed at which the UK’s financial services sector is shedding jobs will accelerate over the next quarter due to growing concerns about the escalating Eurozone crisis and the state of the global economy. According to a survey undertaken by employers lobby group the CBI and auditors PricewaterhouseCoopers, UK banks, insurance firms and asset management […]
Ask the Expert: Can we sack someone for performing badly?
The question An operations manager recently contacted me and requested that we terminate the employment contract of a member of his team for poor performance. The employee has 13 months service with the firm. I advised him that we should manage the employee’s performance through the company performance management procedures, but he insists […]
Salesforce to Rypple gamification and social media out into HCM space
Just before Christmas, Salesforce.com made a move that was either very surprising or totally predictable, depending on your interpretation of events. The move in question was the decision to acquire Toronto-based HR system provider, Rypple. This was a surprise to the extent that Salesforce.com’s chief executive Marc Benioff had previously been resolute in his intent […]
Blog: Should banks cut executive pay?
Earlier this month, one of the UK’s most influential shareholder groups, the Association of British Insurers, sent a terse letter to each of the country’s five biggest banks: Barclays, HSBC, RBS, Lloyds and Standard Chartered. In the letter, the ABI warns the chairman of each company that it wants to see the end of the […]
PM’s “war” on health and safety branded “appalling and unhelpful”
Prime Ministerial pledges to kill the “health and safety monster” have been branded as “appalling and unhelpful” by an industry expert. David Cameron courted controversy yesterday in a speech to small business leaders in Maidenhead, when he declared “war” on what he described as the “excessive health and safety culture that has become an albatross […]
Former CEO turned whistleblower to sue Olympus for unfair dismissal
The former chief executive of Olympus, who was ousted after blowing the whistle on a $1.7 billion accounting scandal, plans to sue his former employer for unfair dismissal. Michael Woodford, who was the first non-Japanese person to hold the posts of president and CEO at the 92-year-old electronics and medical devices manufacturer, said that he […]
Start-up NI holiday created only 1,000 jobs, admits PM
The Prime Minister has confessed that the Coalition Government’s scheme to exempt start-ups from paying National Insurance contributions had been disappointing in terms of job creation. Introduced last September, the initiative was intended to encourage new companies to employ more people by allowing entrepreneurs in certain areas of the UK not to pay NICs when taking […]
UK’s largest employer bodies endorse ‘Youth Contract’
The UK’s four largest employer organisations have formally endorsed the Coalition Government’s flagship Youth Contract scheme and are urging their members to back the initiative. At a roundtable discussion today, Deputy Prime Minister Nick Clegg welcomed support from The Confederation of British Industry, British Chambers of Commerce, British Retail Consortium and Federation of Small Businesses […]
Trends 2012: Health and wellbeing
Coming up with wellbeing trends for 2012 during a period of such uncertainty seems like something of a poisoned chalice. But a number of themes that started to emerge during 2011 are likely to gather momentum over the coming year and, therefore, are worthy of mention. Not only were such topics talked about by […]
Blog: Tackling organisational career management
Organisational career management is a tricky area for HR. Many managers worry that asking about career intentions may unsettle staff or even make them leave. But, in reality, the evidence shows that when managers take an interest in and show support for career issues it makes employees more committed to the organisation and also more […]
Analysis: Did the public sector pensions battle really need to be fought?
The Treasury is attempting to play down suggestions that proposed changes to public sector pensions, which led to the biggest walkout in a generation six weeks ago, are a poor deal for taxpayers. According to pensions consultant John Ralfe, the fight to get public servants to accept a later retirement age was at the very […]
EU proposals could “kill off” workplace pensions
Proposed new European Union regulations could “kill off” already struggling occupational pension schemes in the UK as employers would be forced to inject up to £500 billion into them during difficult economic times. The European Commission is currently evaluating whether to introduce new rules that would require insurance companies and pension funds to increase their […]
HR exec sues for constructive dismissal over LinkedIn profile
An HR executive is believed to be the first person in the UK to have sued for constructive dismissal following a dispute with bosses over his profile on professional networking site, LinkedIn. John Flexman has brought a claim for hundreds of thousands of pounds against gas exploration firm, BG Group, where he earned £68,000 per […]
Blog: Workplace pension changes in the pipeline….
Pensionssszzzzzzz…. Not the most exciting topic, but certainly one of the most current, given the panic over whether we will all be able to afford to retire in the future. (Assuming of course that we have jobs to retire from!) To address the problem, new pension laws are coming into place this year that […]
Communication key to morale in face of ongoing pay restraint, advises CIPD
With 2012 set to be marked by constrained and frozen pay, employers must find more effective ways to communicate the rationale behind their decisions to staff in order to keep them motivated, an HR body has warned. According to a survey among 3,056 working adults across all sectors undertaken by the Chartered Institute of Personnel […]
Survey: The impact of flexible employee benefits
Salary sacrifice arrangements, although controversial are increasingly being used – and not just by large companies – to create flexible employee remuneration packages. But with HM Revenue & Custom’s recent crackdown on such schemes, there is now a cloud hanging over them. As a result, the Chartered Institute of Payroll Professionals has introduced a […]
Credit union membership opened up for staff and employers
Changes to the legislation surrounding credit unions will open up membership to employers and geographically-dispersed workers for the first time, enabling them to compete more effectively with banks. The news came to light as a survey published by a housing charity, Shelter, revealed that nearly one million Britons had taken out an emergency ‘payday’ loan […]
Talent Spot: Helene Speight, head of HR at Endava
“My experience on ‘The Apprentice’ didn’t teach me anything about business, but it did teach me about the media and it also taught me a lot about myself,” says Helene Speight, group head of talent management at nearshore IT outsourcing services provider, Endava. And having self-awareness and an understanding of one’s own strengths and weaknesses […]
SME manufacturing initiative to create 23,000 jobs, claims Government
The Coalition Government claims that a new version of an initiative intended to secure the future of England’s beleaguered small and medium-sized manufacturers will create 23,000 new jobs and safeguard a further 50,000. Previously operating on a regional basis and run by the now disbanded Regional Development Agencies, the Manufacturing Advisory Service will operate nationally […]
HMRC probes premier league footballers over perks
HM Revenue & Customs is targeting premier league footballers over the undeclared perks that they allegedly receive from their clubs. The High Net Worth Unit has sent questionnaires to leading clubs asking for information on the benefits provided to their employees such as travel and entertainment expenses, company cars, health insurance and childcare. Information provided […]