This week's news that the EU is to exert control over the size of bankers' bonuses has been met with a mixture of delight, worry and puzzlement says Andy Philpott.
For those who resent what they see as the selfish, every-man-for-himself attitude of More...01 March 2013 12:11
European Union officials have agreed plans to cap bankers' bonuses as part of reforms designed to help the banking industry withstand any future financial turmoil. The deal will see bankers' bonuses capped at one year's salary, or at two years' salar More...28 February 2013 11:37
The High Court decision in Attrill and others v Dresdner Kleinwort Ltd and Commerzbank AG offers a stark warning to employers about the risks of making oral promises to employees on their entitlement to bonuses. Commerzbank, in this case, was left to More...02 July 2012 10:27
Incentivising staff in these challenging economic times is more important than ever as employers look to increase productivity and get more "bang for their buck". Similarly, the cost of recruitment often means that it is more cost-effective to retain ex More...01 August 2011 09:52
We have a senior employee who is underperforming and we want him to go right away. We plan to pay him in lieu of his notice period, but he would be entitled to a significant bonus payment upon attaining one year's service, which would fall due during hi More...16 March 2011 12:22
Nearly half of managers would prefer to receive a bonus as a Christmas present from their employer, compared with just one in 10 who ranked promotion as the perfect gift. This is according to a Christmas survey of 3,300 managers by the Institute More...07 December 2010 00:01
With Christmas only three weeks away, Personnel Today and XpertHR present a seasonal feast of employment related questions, case studies and advice on everything from managing the office Christmas party to employing seasonal temps...
More...02 December 2010 16:56
Setting up a staff motivation scheme that is effective and sustainable is far from straightforward. Andrew Johnson, director general of the UK Gift Card and Voucher Association, offers a nine-step guide.
Set goals that are achievable
Nothing More...26 November 2010 10:00
Gift vouchers or gift cards have grown in popularity recently among employers as an incentive tool. But why are they regarded more favourably than that more traditional motivator – the pay rise?
The gift voucher market has grown dramatically rece More...26 November 2010 09:42
The CIPD has defended the remuneration package awarded to its chief executive Jackie Orme for 2009/10, following criticism of her increased bonus and overall size of the package.
Orme was the recipient of a significant increase in performance-relate More...22 November 2010 15:58
Never mind the recession or the damage to the planet; according to the European Parliament it's all about the falling birth rate. Or so said a spokeswoman for the European Parliament as she sought to explain the Parliament's vote in October 2 More...18 November 2010 15:26
HR pay growth has been boosted by a recovery in bonuses, with the combined rate rising by 3.6%, according to an XpertHR survey. The XpertHR salary survey of HR/personnel staff for 2010/11 also found that basic pay has risen by 2.6% over the last More...15 November 2010 10:57
The Financial Services Authority (FSA) today opened a consultation on the implementation of forthcoming new rules governing the disclosure of pay and bonuses in the finance sector. Under the Capital Requirements Directive, which comes into effe More...10 November 2010 16:35
A report suggesting that FTSE 100 executive directors saw their pay packets rise by more than 50% over the year to June 2010 has been described as a "significant misrepresentation of the facts ". Last week, Incomes Data Services (IDS) said that&n More...01 November 2010 12:45
Staff at City of Edinburgh Council are "furious" after learning that their new salary rates are based on an average worked out from the previous year's pay rather than contracted pay, union leaders have warned. Under the Modernising Pay scheme - More...28 October 2010 16:28
I normally give my employees a Christmas bonus. However, this year business has been slow, and I'm thinking about not paying some, or even all, staff a bonus - would I be at risk of claims?
2010 has been a difficult year for most employers across th More...22 October 2010 15:10
The NHS bonus payment system for doctors has been branded "costly" and "unwieldy" by the head of medical pay and workforce at NHS Employers.
Bill McMillan voiced his concerns after the BBC discovered a loophole that large pay bonuses cannot be take More...13 October 2010 16:34
Public sector employers are preparing to cut staff numbers as well as reduce or freeze pay and benefits ahead of significant budget cuts expected in the Government's Comprehensive Spending Review. Of 150 public sector employers polled by l More...12 October 2010 11:06
Pay rises for housing association staff came to a virtual halt over the past 12 months due to uncertainty over future funding for social housing projects, according to pay data by XpertHR. The XpertHR housing sector salary survey found that basic p More...08 October 2010 11:50
JP Morgan Europe Ltd v Chweidan FACTS Mr Chweidan worked for JP Morgan as an executive director in Structured Credit and Sales. He was paid a bonus from a pool, which depended on the profits of the relevant year. Mr Chweidan had been successful, More...27 September 2010 15:08