Performance-related bonuses are increasing in popularity in the US while base salaries remain stable, a new report has revealed. The annual pay survey by Hewitt Associates looked at 856 organisations and found that 78 per cent had at least one type of variable pay plan, compared with 70 per cent last year. But reported salary increases for 2001 were held at between 4 and 4.5 per cent.
Spanish union takes action over injury upturn
A major Spanish union has launched a series of demonstrations this month in protest at the escalation of industrial injuries, which it blames on the growth in temporary staff. The CCOO union recorded a 14 per cent rise in a survey on workplace injuries. Spain has seen an increase in accidents since 1996 and has one of the worst records in Europe. The centre-right government of Jose Maria Aznar has tried to ease hiring restrictions, as the costs of taking on full-time staff in Spain are high.
IT job offers lure students from studies in States
Headhunters in the States have started tempting undergraduates out of college early with offers of full-time jobs. Students in the San Francisco area – and from technology universities, such as the Massachusetts Institute of Technology and Georgia Tech – have abandoned their degrees for big money dreams in information technology, reports the Society for Human Resource Management.
Beware of dotcom jackals, employers warned
Employers are being warned of recruiting so-called dotcom jackals – staff whose aim is to acquire shares in companies before swiftly moving on. Speaking at a Henley Management College meeting in Hong Kong, president of global executive search firm Boyden, Christopher Clare, said the trend has been seen increasingly in the US.