XpertHR's Employment Intelligence blog

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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

• City Christmas parties go underground in 2009

  In these recession-racked times, conspicuous largesse from the banking community has the potential to provoke immediate public outcry, as illustrated by today's outraged headlines (external website) concerning proposed bonus payments for some Royal... Posted Dec 04 2009, 07:15 AM by XpertHR - Employment Intelligence Filed under: hr policy and strategy, finance sector, alcohol, christmas, hr policy

• German court looks kindly on "Robin Hood" bank employee

  A German court has given a suspended sentence to a bank employee who transferred around £7m from rich to poor customers, according to the BBC website . Read More... Posted Nov 25 2009, 01:37 PM by XpertHR - Employment Intelligence Filed under: termination of employment, theft, finance sector, dismissal

• "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

• Why the return of banking bonuses could signal the end of the recession

  The investment banks appear to be roaring back into life (external website), bringing the return of both massive profitability and, for some, massive bonuses. While many argue that finance sector bonuses are at the root of the recession, could it be the... Posted Jul 21 2009, 08:30 AM by XpertHR - Employment Intelligence Filed under: economics, finance sector, recession, bonus

• Why the 2009 recession is boom time for women workers in the City

  Following on from our look at just how much women's standing in the workplace has improved since 1943 , more heartening news arrives regarding women's fortunes in the City of London. Read More... Posted May 21 2009, 08:30 AM by XpertHR - Employment Intelligence Filed under: pay and benefits, equal opportunities, recruitment, equal pay, finance sector, gender pay gap

• 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

• 2009 gets off to a rough start for recruiters

  Perhaps predictably in light of the pervasive and seemingly never-ending bad news generator that this economic downturn is proving to be, the recruitment market is reeling from the blows of the oncoming recession as the new year kicks off. Read More.... Posted Jan 15 2009, 09:00 AM by XpertHR - Employment Intelligence Filed under: pay and benefits, recruitment, labour market, finance sector, unemployment

• City salaries plummet below the £50,000 barrier

  City workers are now feeling the pinch as the credit crunch bites. The average salary paid to financial services professionals in the Square Mile has dropped below £50,000 per year, according to new research from recruitment specialists Morgan McKinley... Posted Oct 23 2008, 09:00 AM by XpertHR - Employment Intelligence Filed under: pay rates, pay and benefits, finance sector, credit crunch

• Hard times for the finance sector

  The grim tidings just seem to keep on coming from the finance sector, with new research from the CBI and consultants PwC - reported on XpertHR today (subscription required) - heaping on the misery. Read More... Posted Sep 29 2008, 12:30 PM by XpertHR - Employment Intelligence Filed under: economics, finance sector, credit crunch

• Finance sector pay defies the credit crunch... for now

  With the credit crunch having recently passed its first anniversary (external website), you might expect its effects to be most keenly felt at its epicentre, the finance sector. It is therefore notable that the annual IRS analysis of finance sector reward... Posted Aug 18 2008, 09:00 AM by XpertHR - Employment Intelligence Filed under: pay and benefits, pay awards, finance sector, credit crunch