An analysis of the bonus schemes offered by the UK’s top 350 companies has revealed the most popular maximum bonus award for executive directors is 50 per cent of salary. The survey by New Bridge Street Consultants showed the highest maximum payments were for companies in the information sector, which offered 75 per cent of salary at the median.
Interims good value
Britain’s leading board directors consider interim executives to be more cost effective than management consultants when implementing change or managing transition. Findings from Mori’s captains of industry poll of chief executives, which was conducted in November 1999, revealed three-quarters of executives who used interim executives considered them to be cheaper.
Pay offer sent to Acas
Public sector union Unison, which represents 30,000 police support staff, is contacting branches over the breakdown of this year’s pay talks. The union has proposed referring this years’ offer of 3 per cent to Acas for arbitration. Unison is claiming a 6 per cent increase and the deletion of the two lowest salary points, currently £8,790 and £9,153 for support staff.
Customer needs alter
Customer relationships are set to change dramatically over the next 10 years, a survey has revealed. But the research by Peoplesoft at a European exhibition in June claimed companies are far from ready to meet the changes. According to the survey, 60 per cent of people thought today’s companies failed to integrate their channels of customer information and so would not be able to understand their needs.
Inadequate training systems can create disasters, a new IPD book has argued. Rosemary Harrison’s book Employee Development, which has been released in a new edition, claims it is vital for companies to build HR into strategic planning to help prevent disasters like the Southall train crash. Order from 01752 202301.
Guidance from union
Independent trade union organisation the Labour Research Department has released a guide to European works councils aimed at trade unionists and employee representatives. European works councils bring together employee representations from a multinational company from across Europe to inform and consult them on the group’s performance and prospects. They can help trade unions respond to employer decisions taken on a European and global basis.
• Guide from 020-7928 3649