HSBC has decided to sell shares in order to fund non-deferred bonus payments.
In a pay deal agreed in conjunction with the Financial Services Authority (FSA), the bank will create new shares which will be sold to reward its highest-paid staff the non-deferred element of their...
Less than one-third of Europe’s executive workforce is made up of women, according to research.
Findings from Mercer’s TRS system, which provides salary benchmarking, highlighted that the issue of gender diversity is not restricted to the UK.
These...
Cutting consultation periods for group redundancy risks unemployment, warns the Trades Union Congress (TUC).
The Government is considering scaling back the 90-day time frame to make the process of dismissing staff easier, quicker and cheaper. However, the TUC claims that this...
The two largest banks in France are to halve the bonuses awarded to their traders, following a drop in year-on-year profits.
Societe Generale revealed that it had suffered a 39 per cent drop in yields, and its investment arm had suffered a 63 per cent reduction. The cut in...
The Chief Executive of Cable & Wireless stands to make £600,000 after working for the company for less than three months.
The technology company could be sold to Vodafone, which would reportedly trigger a clause in Gavin Darby’s contract. In the event of a...
A “race to the bottom” for pay could be created if the Transfer of Undertakings and Protection of Employment (TUPE) regulations are changed, according to the Trades Union Congress (TUC).
Following a call for evidence over an amendment to TUPE, the union responded...
Uncertainty remains over the interaction of salary sacrifice and flexible benefits schemes with auto-enrolment requirements, according to Barnett Waddingham.
Despite the recent publication of information from The Pensions Regulator (TPR), which provided more details for...
Public sector departments, including taxpayer-subsidised entities such as the BBC, have been asked to review their bonus structures.
Cabinet Office Minister, Francis Maude, and Chief Secretary to the Treasury, Danny Alexander, have contacted all Government departments over the...
The inaugural Pay & Benefits Awards 2012 took place in London on 9 February to celebrate the best in the industry.
More than 200 payroll and benefits professionals attended the glittering ceremony, which was hosted by television presenter and radio commentator, Paul Ross...
Employee morale falls as businesses keep a tight rein on pay due to faltering confidence, according to Hay Group.
The majority of companies stated that they intend to increase remuneration, although at a rate below inflation. However, the Reward in 2012 report highlights that...
HM Revenue & Customs (HMRC) has been given powers to tackle employers that try to avoid paying Pay As You Earn (PAYE) or National Insurance contributions (NICs).
From April 2012 HMRC will be able to insist on a security where there is a serious risk of default. This can be...
Network Rail’s executive team will forgo their right to a bonus following political pressure over the payouts.
The rail infrastructure firm has postponed its Friday meeting so that remuneration proposals can be further discussed with the Transport Secretary.
...
HM Revenue & Customs (HMRC) has decided that instead of introducing a “leaver’s statement” the P45 will remain in place.
As part of Real-Time Information (RTI) HMRC had proposed that a leaver’s statement should replace the P45. However, the plan was...
The Transport Secretary is to vote against Network Rail’s £20 million bonus pool, but Labour argues that she is not utilising her powers to prevent the payouts.
Justine Greening has vowed to attend the annual general meeting (AGM) of the rail infrastructure firm to...
More regulations have been announced just nine months before the first employers start introducing auto-enrolment, but research suggests that many are still unprepared.
The Department for Work and Pensions, which released the measures, hope they will help businesses to manage...
