A round-up of HR-related stories in today’s newspapers.
Jobless people who choose to come off benefits and go to work will no longer lose out financially under the biggest shake-up of the welfare system for decades, reports the Telegraph. Work and pensions secretary Iain Duncan Smith will announce a series of reforms today that are intended to ensure that low earners will always be better off in employment.
BA has revealed a steep loss for the April-to-June quarter after being hit by cabin crew strikes and disruption caused by the volcanic ash cloud from Iceland, reports the BBC. The airline reported a pre-tax loss of £164 million, larger than the £148 million loss it made in the same period last year.
The Financial Services Authority (FSA) has announced plans to update its guidelines on bankers’ pay, following the agreement of new European rules earlier this month, according to the BBC. The rules include tighter restrictions on bonus payments and pension deals, and will now apply to more than 2,500 City firms.
The UK supreme court chief executive has warned that it would have to close for business if proposed public spending cuts of 40% were implemented, reports the Guardian. Chief executive Jenny Rowe said: “We couldn’t actually deal with any casework, in fact, with a 40% cut.”