Gaynor’s Thoughts: Complexity, anarchy and self–management
Roy Gaynor, Managing Director of management consultants' training and support network, Navisys Academy explains how he implemented a successful and innovative bonus scheme within a factory and why he feels anarchy has a place in management methodology. I stumbled into HR management, starting out as an industrial engineer, concerned with how work was organised. Part […]
Management annual bonus plans: Determining the best approach
By Leena Beejadhur and Richard Lamptey, Mercer Human Resource Consulting An annual bonus plan is probably the most effective incentive tool available to companies for influencing management behaviour to deliver short-term business results. As the eventual payout is based on performance over one year or less, a properly designed plan will ensure executives are rewarded […]
News in Brief: DTI confirms illegality of rolled up holiday pay
Catch up on the week in HR including DTI confirms illegality of rolled up holiday pay, CIPD reveals changing attitudes to training, UK firms feel economic squeeze, Learning and Skills Council staff vote for strike action, employers cautious about recruitment and non-white women face 'double discrimination'. W/C 10/4/06DTI confirms illegality of rolled up holiday payMinisters […]
Book review: Employee Reward
Employee Reward Title: Employee RewardAuthor: Michael ArmstrongPublisher: Chartered Institute of Personnel and Development (CIPD)ISBN: 0852929382Price: £36.99Reviewer: Sandra Beale Employee Reward gives a good theoretical grounding in reward issues. I used it as part of my CIPD Diploma and the reward tutor sang the praises of Michael Armstrong. I am pleased to say I passed the […]
Book review: 24 carrot manager
The 24-Carrot ManagerTitle: The 24-Carrot ManagerAuthors: Adrian Gostick and Chester EltonPublisher: John Wiley & SonsISBN: 0-470-82163-9Price: £9.79 (paperback)Reviewer: Sharon Cooper This book is subtitled “A remarkable story of how a leader can unleash human potential.” As the word carrot in the title might indicate, it deals with employee motivation and recognition. It is a very […]
EEF: Engineering pay settlements fall
Engineering pay settlements have fallen sharply, to the lowest level for nearly 12 months, according to the latest figures from the EEF (Engineering Employers' Federation). This reduction is believed to reflect the deteriorating trading conditions that much of manufacturing is now facing. The average settlement for the 3 months to May 2001 was 2.6%, compared […]
Passing share option gains to the employee
The Government yesterday laid regulations to help companies who grant share options to their employees as part of their remuneration packages but who experience highly volatile share prices. The new regulations, which follow new legislation introduced in the summer, provides the process to enable employers to seek approval so that they may make an election […]
Share option NIC regulations: Background Information
Under new legislation introduced in the Child Support, Pensions and Social Security Act 2000 the employer and employee will be able to make a joint election under which the liability for all or part of the employer's NICs on share option gains is transferred to the employee. These regulations provide the supporting legislation to enable […]