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• Pre-Budget Report 2009: the small print on banker's bonuses

  The reactions are coming in to the Chancellor's widely trailed proposal for a one-off tax on bonuses in the banking sector. Unsurprisingly the CBI warns that the "threat of an exodus of talent is real" while the TUC describes Darling's... Posted Dec 09 2009, 05:07 PM by XpertHR - Employment Intelligence Filed under: pay and benefits, bonuses, economics, alistair darling, finance sector, pre-budget report

• The gender pay gap in the finance sector: EHRC inquiry reports

  The report on the finance sector published yesterday by the Equality and Human Rights Commission (PDF format, 1.85Mb, on the EHRC website) is essential reading for anyone with an interest in the gender pay gap. Read More... Posted Sep 08 2009, 02:43 PM by XpertHR - Employment Intelligence Filed under: pay and benefits, equal pay, bonuses, equality audit, equal value

• "Red Adair" gets radical on City bonuses

  Capping City bonuses misses the point - instead the government may need to attack the source of the problem and tax the millions of City transactions that bring in the money that funds the bonuses, according to Chairman of the Financial Services Authority... Posted Aug 27 2009, 12:07 PM by XpertHR - Employment Intelligence Filed under: pay and benefits, bonuses, finance sector

• Economic outlook August 2009: Recovery prospects hang in the balance

  The summer holiday season is upon us, but the economic outlook is far from sunny, with pay awards and inflation plumbing uncharted depths while unemployment soars . Yet there remain reasons to be optimistic. The August 2009 economic commentary from CELRE... Posted Aug 03 2009, 08:30 AM by XpertHR - Employment Intelligence Filed under: pay and benefits, pay awards, inflation, bonuses, economics, economic indicators, recession, unemployment, bonus, swine flu

• Lower bonuses, higher salaries for bankers?

  Could the sun be setting once and for all on bankers' bonuses? Financial services employer JPMorgan Chase has announced that it will cut bonuses (external website) paid to some 12,000 bankers across its global workforce, FT.com reports. It will instead... Posted Jul 27 2009, 03:25 PM by XpertHR - Employment Intelligence Filed under: pay and benefits, bonuses, recession

• Cause and effect: pay and performance?

  As children grow up one of the first lessons that parents try to instil is the notion that things don't just happen - hard work makes things happen. In other words, hard work pays. It's an obvious truism - but does it also hold that paying people... Posted Jul 02 2009, 03:00 PM by XpertHR - Employment Intelligence Filed under: pay and benefits, pay awards, bonuses, performance pay

• UK workers rank bonuses as top motivator in 2009

  More than three-fifths (61%) of UK workers say bonuses are the benefit most likely to motivate them to do a good job (on the personneltoday.com website) in 2009, according to research from Reward & Benefits Today, part of the XpertHR Group. Read More... Posted Apr 29 2009, 09:30 AM by XpertHR - Employment Intelligence Filed under: pay and benefits, bonuses, benefits, irs surveys, motivation, engagement, bonus

• Benchmarking bonus pay in 2009: employers keep the faith in bonuses

  Bonuses remain a key part of the reward offering for UK employers in 2009, but 2009 bonus payments are likely to be constrained by the economic downturn (subscription required). These are among the key findings of a major benchmarking survey of bonus... Posted Apr 27 2009, 08:30 AM by XpertHR - Employment Intelligence Filed under: pay and benefits, bonuses, benchmarking, irs, bonus, survey

• Darling calls for 'culture change' on bonuses

  Chancellor Alistair Darling has weighed in on the future of finance sector bonus culture (on the BBC website), stating that: "We want to see a cultural change where short-term bonuses are replaced with incentives for the long term." Read More... Posted Feb 18 2009, 09:30 AM by XpertHR - Employment Intelligence Filed under: bonuses, irs surveys, bonus

• Tide turns on banking bonuses in UK and US

  Governments on both sides of the Atlantic are taking action to impose firm limits on banking pay and bonuses. This transaltantic tide of action on top finance sector pay follows public outcry at the extent to which bonus culture is argued to have caused... Posted Feb 10 2009, 09:50 AM by XpertHR - Employment Intelligence Filed under: pay and benefits, usa, bonuses, finance sector, irs surveys, barack obama, corporate governance

• Making bonus pay fair

  With the excesses of bonus culture squarely in the sights of many commentators seeking to apportion blame for the credit crunch, Institute for Employment Studies HR development director Duncan Brown weighs in on what can be done to make bonus pay fair... Posted Feb 09 2009, 10:45 AM by XpertHR - Employment Intelligence Filed under: pay and benefits, bonuses, irs surveys, incentives

• Do you lack confidence in your company's bonus scheme?

  Then you're not alone. The majority of UK employers doubt the effectiveness and accuracy of their bonus scheme for sales staff (subscription required), according to research from consultants OpenSymmetry reported on XpertHR today. Read More... Posted Feb 06 2009, 09:30 AM by XpertHR - Employment Intelligence Filed under: pay and benefits, bonuses, irs surveys, incentives, commission

• Bonus pay tops the reward agenda for 2009

  Amending existing bonus/incentive schemes is the top priority for UK reward practitioners in 2009 (external website), according to the Chartered Institute of Personnel and Develoment (CIPD). Read More... Posted Feb 03 2009, 09:45 AM by XpertHR - Employment Intelligence Filed under: pay and benefits, pay awards, bonuses, pay freeze, cipd

• Best practice on team bonuses

  Bonus culture is particularly controversial in light of its alleged contribution to the global economic downturn. But if properly handled, bonus schemes can play a highly positive role in revitalising an organisation's reward offering and aligning... Posted Feb 02 2009, 07:00 AM by XpertHR - Employment Intelligence Filed under: pay and benefits, bonuses, team reward

• Benchmarking bonus pay: IRS research request

  IRS Pay and Benefits Bulletin is conducting a major survey investigating how organisations manage and award cash bonus and incentive payments (on the IRS Research website). Read More... Posted Jan 30 2009, 10:00 AM by XpertHR - Employment Intelligence Filed under: pay and benefits, bonuses, irs surveys