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....”. Lloyds had denied that there was any wrongdoing at its Reading branch until two of its former employees were convicted of fraud in February. ... [Read full article on Guardian ]
Friday 21st of July 2017 07:00:12 AM
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Latest Finance News related to Employee

Lloyds compensates only five victims of HBOS fraud scandal image
Source : Guardian [Read Article] Friday 21st of July 2017 07:00:12 AM
....”. Lloyds had denied that there was any wrongdoing at its Reading branch until two of its former employees were convicted of fraud in February. ...
French-Dutch culture clash revealed in leaked Air France-KLM report image
Source : Guardian [Read Article] Thursday 20th of July 2017 11:07:14 AM
....French staff in the Franco-Dutch company complain their colleagues from the Netherlands are money-grubbing, while the Dutch regard the Air France staff as aloof, according to the report. Among the petty grievances, there is irritation that a KLM employee working in Paris is charged €10 for lunch in the canteen, while an Air France colleague pays only €4. ...
Should I cash in my endowment early to pay off my mortgage? image
Source : Guardian [Read Article] Thursday 20th of July 2017 06:00:13 AM
.... Is it a good idea to cash in soon, or am I missing something here?. I’m 52, single and a full-time employee on an annual salary of £30,000. ...
Why all women need to know what their colleagues earn image
Source : Guardian [Read Article] Thursday 20th of July 2017 05:00:12 AM
....The BBC’s revelations come at an interesting time for pay transparency and the longstanding aspiration to close the gender pay gap (the Equal Pay Act, which prohibits paying different amounts to men and women doing the same jobs, dates back to 1970). Under new legislation, by next April all companies with more than 250 employees will have to release figures showing their gender pay gap (most will have one). ...
British American Tobacco to acquire Reynolds as activists decry merger image
Source : Guardian [Read Article] Wednesday 19th of July 2017 06:51:28 PM
....In London, Nicandro Durante, the BAT chief executive, welcomed the “overwhelming support” for the acquisition from both sets of shareholders. He added: “We look forward to welcoming Reynolds group employees to British American Tobacco and to realising the benefits of operating these two great companies as one stronger, global tobacco and Next Generation Products business with direct access for our products across the most attractive markets in the world. ...
GlaxoSmithKline to sell UK Horlicks brand and scrap factory plans image
Source : Guardian [Read Article] Wednesday 19th of July 2017 02:51:53 PM
....Roger Connor, president of global manufacturing and supply at GSK, said: “We have a substantial manufacturing presence in the UK and continue to support the network with new investment of more than £140m in the next three years. At the same time, we have had to make some decisions which we know will cause uncertainty for some of our employees. ...
Top firms must publish figures on ethnic diversity, says report image
Source : Guardian [Read Article] Wednesday 19th of July 2017 05:01:11 AM
. Britain’s biggest businesses must take action to improve the diversity of their workforces and publish a breakdown of their black, Asian and minority ethnic (BAME) employees, a new report has urged. ...
Aramco may be big, but fawning to Saudis diminishes London image
Source : Guardian [Read Article] Sunday 16th of July 2017 06:00:14 AM
....Their fear must be that stagflation is around the corner, and with Brexit looming, it is only getting nearer. How can Carillion, a company with 48,000 employees and a £5bn turnover, be exposed as a financial mess in one stock exchange statement – such as the one that sent its shares crashing 70% last week?. ...
Gig economy: Financial advice for the self-employed  image
Source : Daily Express [Read Article] Sunday 16th of July 2017 12:01:00 AM
.... . “Reclassifying these workers as employees rather than self-employed would give them far higher protection, including the right to a valuable employer pension contribution. ...
Dublin is streets ahead of EU rivals as City firms plan for Brexit relocation image
....Donoghue said that he believed that more than a dozen banks would ultimately make a partial move to Dublin from London, relocating or hiring anything from 10 to 500 staff apiece. “It’s a beautiful city, with great real estate and an open business climate,” Dimon told existing JP Morgan employees in Dublin at a staff meeting. ...
Prefab sprout: off-the-peg homes bid to ease UK housing crisis image
Source : Guardian [Read Article] Saturday 15th of July 2017 07:00:00 AM
.... We’re not saying this is going to be the new norm – we see people renting it for six months to two years, then moving out as they have saved for a deposit. A lot of our own employees pay more than £600 a month for a room in a shared house. ...
Retirement age MUST rise or young families pay the price, pension committee head warns image
....He revealed he has already reached out to Rachel Reeves, who has been elected as the new chair of the Business, Energy and Industrial Strategy Select Committee. The two groups could further scrutinise Britain's growing gig economy and the rights of employees in the sector. ...
EasyJet to set up Austrian HQ to operate EU flights after Brexit image
Source : Guardian [Read Article] Friday 14th of July 2017 09:31:48 AM
....The company said the Vienna move would make it a pan-European aviation group – with three airlines based in Austria, Switzerland and the UK – that would be controlled by easyJet plc, which would remain listed on the London Stock Exchange. EasyJet, which employs 4,000 staff in continental Europe, said the move would not affect UK jobs – its 6,000 employees in Britain would continue to be based in Luton and its 11 other bases across the country. ...
Zero-hours workers won’t be reassured by the Taylor review – I’ve been one | Poppy Noor image
....One idea that Taylor suggests is that workers are paid on a piece-rate basis, which can be less than the minimum wage. In the case of Uber, this would mean the “employee” is responsible if they log on at times when the platform is less busy, for instance. ...
Uber’s practices are morally unacceptable – but a boycott won’t help | Hannah Lownsbrough image
.... Reports of bullying, sexism and sexual harassment within the corporation surface with alarming regularity. Earlier this year, one former Uber employee, Susan Fowler, published a blog in which she described Uber’s inadequate response to the sexual harassment she experienced as an engineer at the firm. ...
Uber stages retreat in Russia as it merges with rival Yandex image
Source : Guardian [Read Article] Thursday 13th of July 2017 11:12:55 AM
....Yandex will own 59. 3%, and employees 4. ...
Carillion has 'no future without rights issue of at least £500m' image
Source : Guardian [Read Article] Thursday 13th of July 2017 06:20:18 AM
.... Predictably, the shares reacted violently to the news – slumping 39% on Monday – but the bloodbath didn’t stop there. They were down again by 33% on Tuesday, plus another 27% on Wednesday, and suddenly a business with annual revenues of £5bn and 48,000 employees was worth less than £250m. ...
UK pay squeeze intensifies as real wages continue to fall image
Source : Guardian [Read Article] Wednesday 12th of July 2017 10:35:05 AM
....”. The ONS has calculated that adjusted for inflation, UK employees are now earning £15 less a week after tax and deductions than they were in March 2008, six months before the collapse of Lehman Brothers and the global financial crisis. ...
Pearson picks up $1bn from Penguin – but no treat for investors | Nils Pratley image
.... Tuesday’s 33% fall to 78p means the company’s value has collapsed by 60% this week. A business with annual revenues of £5bn and 48,000 employees is now worth just £330m. ...
The Taylor review could make things worse for workers. What a surprise | Owen Jones image
.... Thompsons Solicitors – a firm that specialises in workers’ rights – has described Taylor’s review as “feeble”. The review suggests relabelling “workers” – an employment category that sits between self-employed contractors and full employees – as “dependent contractors”. ...
Pearson sells slice of Penguin for $1bn image
Source : Guardian [Read Article] Tuesday 11th of July 2017 08:07:44 AM
....Bertelsmann said that increasing its stake will have no effect on the independence of the group’s 250-plus individual publishers. “What Bertelsmann and Pearson have just negotiated and decided signals great continuity and stability for Penguin Random House – which makes it the best solution for authors, partners, publishers and employees,” said Markus Dohle, chief executive of PRH. ...
May relaunches premiership with new protections for gig economy workers image
....Theresa May will promise to avoid piling any additional red tape on to companies at the launch of a major government-commissioned report into the world of work, which sets out new protections for workers in the gig economy. The prime minister will use a speech – which is also about relaunching her premiership after losing her majority in the general election – to say her government will act to shore up the interests of those working in new insecure roles alongside traditional employees and the self-employed. ...
British PR firm Bell Pottinger apologizes for South Africa campaign image
Source : Guardian [Read Article] Monday 10th of July 2017 07:42:03 PM
....Several of these were “racists masquerading as journalists in defence of white monopoly capital”, it said, which it would “deal with”. Bell Pottinger sacked one employee and suspended another three. ...
Facebook village? Social media giant to build 'social housing' image
Source : Guardian [Read Article] Sunday 9th of July 2017 06:56:57 PM
....However, just 15% of the Facebook homes will be offered below market rates. The apartment block homes, which the company hopes will be built by 2021, will be available to Facebook employees and those working elsewhere. ...
Sexual harassment in Silicon Valley: have we reached a tipping point? image
....It began when numerous women accused prominent venture capitalist Justin Caldbeck of sexual harassment, prompting the Binary Capital co-founder to step down. He was shortly followed by Dave McClure, who left his company 500 Startups after he it was revealed he sent a Facebook message to a potential employee saying “I didn’t know whether to hire you or hit on you”. ...
Gig economy: now is the time to ease the burden for workers image
Source : Guardian [Read Article] Sunday 9th of July 2017 06:00:16 AM
....The first task is to end the absurdity of bogus self-employment. This employment category is plainly being abused by some companies whose workers continue to be told how to behave like regular employees for all practical purposes – their work can be directed down to exact details, including time, hours, place and uniform. ...
Community groups call time on the demise of the British pub image
Source : Guardian [Read Article] Friday 7th of July 2017 04:19:25 PM
.... However, he admitted he was initially a little apprehensive about working for a business that in effect has 330 member owners. Many of the customers and pub employees “own part of the brickwork”, and he had wondered whether he might find himself having to deal with regulars saying: “I own this building, I don’t want to pay that much for a pint. ...
France steps up effort to woo London banks planning Brexit move image
Source : Guardian [Read Article] Friday 7th of July 2017 02:05:15 PM
....A document presented by the French prime minister, Édouard Philippe, on Friday listed reforms he said could turn Paris into “Europe’s leading financial centre after Brexit” amid fierce competition from Dublin, Frankfurt and Luxembourg. The proposals including the abolition of the highest bracket of a payroll tax levied on each salaried employee and the cancellation of plans to increase France’s 0. ...
UK workers earning £2.50 an hour prompts call for government action image
Source : Guardian [Read Article] Thursday 6th of July 2017 09:00:07 PM
....50 an hour and can be cancelled at any moment. The allegations are detailed in the latest report by the former work and pensions committee chair, Frank Field MP, into the gig economy, where people work flexible hours on short-term or freelance contracts without the rights of permanent employees. ...
Gig economy: there's an easy way to end abusive working conditions image
Source : Guardian [Read Article] Thursday 6th of July 2017 09:00:07 PM
....Tales of abusive working practices in the self-employed “gig” economy are no less shocking for being familiar. Try this testimony from a driver at Parcelforce, as related in the latest excellent report by Frank Field MP and Andrew Forsey: “I have been fined over £400 for being too sick to get to work for just one day and once had to pay for a company employee’s overtime to come out on [the] route with me whilst I sat next to him with a bucket in case I was sick. ...
Mike Ashley tells high court: I'm a power drinker, I like to get drunk image
.... Jeff Blue knows that’s utter bullshit,” Ashley told the court on Wednesday. He said he had never made any payments of more than £1m to any Sports Direct employees. ...
Uber presses pause on primary taxi service in Finland until 2018 image
Source : Guardian [Read Article] Thursday 6th of July 2017 09:15:32 AM
....The cab firm, which exclusively operates in the nation’s capital Helsinki, is suspending its UberPop service, which allows any driver to sign up and offer unlicensed taxi trips. “We want to ensure that we do not pose drivers who use our app or our employees any unnecessary issues, especially now that we have a bright future to look forward to. ...
No laughing matter image
Source : BBC [Read Article] Wednesday 5th of July 2017 11:04:13 PM
....In workplaces around the world a bit of humour can go a long way towards making it a more enjoyable place to spend eight or so hours a day. But for every genuinely funny employee or boss, there are others whose unfunny or inappropriate jokes make colleagues wince. ...
Six new things we know about Mike Ashley image
Source : BBC [Read Article] Wednesday 5th of July 2017 08:12:56 PM
. Mike Ashley took the witness stand at the High Court today to give evidence in a case brought by a former employee who is suing him for £14m. ...
Rangers tax case: supreme court rules in favour of HMRC image
Source : Guardian [Read Article] Wednesday 5th of July 2017 05:02:13 PM
. Companies that paid staff via “contrived” employee benefit trusts have been urged to come forward, after HM Revenue & Customs scored a landmark victory in a tax avoidance case against the former incarnation of Rangers football club. ...
HMRC wins Rangers 'big tax case' ruling image
Source : BBC [Read Article] Wednesday 5th of July 2017 04:12:59 PM
.... The risk that the trustee might not set up a sub-trust or give a loan of the sub-trust funds to the footballer does not alter the nature of the payments made to the trustee of the Principal Trust. "The discretionary bonuses made available to RFC's employees through the same trust mechanisms also fall within the tax charge as these were given in respect of the employee's work. ...
‘Gig workers’ already have rights – all we have to do is enforce them | Jason Moyer-Lee image
....But perhaps of most importance, Metcalf is looking into new powers of enforcement, for example potentially extending the industries under the remit of the Gangmasters and Labour Abuse Authority, or introducing enforcement of employment law for rights such as holiday pay and payslips. Given that only workers and employees have a legal right to paid holidays, in order to enforce this right the government enforcement body would have to determine the employment status of the individual concerned. ...
HBOS took £240m hit after 'serious control breakdown' in Reading image
Source : Guardian [Read Article] Tuesday 4th of July 2017 06:35:25 PM
....The Financial Conduct Authority (FCA) on Tuesday published information that had been redacted by its predecessor body in a 2012 regulatory notice because of an investigation by Thames Valley police into the HBOS Reading branch. That police investigation, which began in 2010, led to a trial in January after which six individuals were jailed, including former HBOS employee Lynden Scourfield, who was in charge of looking after troubled businesses and pleaded guilty. ...
Mike Ashley 'paid ex-Sports Direct chief secret £1m-a-year bonus' image
Source : Guardian [Read Article] Tuesday 4th of July 2017 04:57:10 PM
....“However … I was subsequently informed by Peter Cowgill [the boss of JD Sports, Sports Direct’s bitter rival] in separate conversations that Mr Forsey is in fact paid up to £1m per annum directly by Mr Ashley. One benefit of this arrangement is that it imposes an artificial cap on all other salaries paid to employees at Sports Direct. ...
£8bn battle looms for credit card processor Worldpay as rivals circle image
....Previous owner Royal Bank of Scotland sold the business in 2010 under the terms of the bank’s 2008 British taxpayer bailout, with private equity firms Bain Capital and Advent International taking control. Since then Worldpay has expanded rapidly, with the number of employees rising from about 2,000 to more than 5,000. ...
UK minimum wage law 'should cover more self-employed workers' image
Source : Guardian [Read Article] Tuesday 4th of July 2017 06:01:33 AM
....A report by the thinktank said ministers needed to strengthen controls in the gig economy both by enforcing current minimum wage rules and broadening protection to include new groups of workers. It found one in five employees were classed as low-paid, in other words earning less than two-thirds of the typical weekly wage of about £500. ...
Minimum wage for the self-employed, suggests think tank image
Source : BBC [Read Article] Monday 3rd of July 2017 11:03:06 PM
....The idea received endorsement from the former head of the Low Pay Commission and CBI, Lord Adair Turner. He told the BBC that certain companies in the gig economy have been operating successfully by avoiding paying minimum wage or employee contributions. ...
Bank of England faces first strike in five decades over pay dispute image
....Unite said the dispute has been caused by the imposition of a 1% increase in the pay pot for the year from March. The union said the amount an individual would receive was at the discretion of line managers, so that employees could receive less than 1% and some no rise at all. ...
Skills shortage costs British businesses £2bn a year, survey finds image
....The Open University poll found about half of employers, or 53%, were unable to find a candidate with the required skills and chose to hire at a lower level as a result. More than half, again 53%, said they were using training to bring those new employees’ skills up to the required level. ...
Here to serve image
Source : BBC [Read Article] Sunday 2nd of July 2017 11:14:24 PM
....There's been no significant impact on Frasers yet. Big corporations still prefer to put employees in big service apartments, he says, because they can guarantee a level of safety and security. ...
Deliveroo set to become a tech 'unicorn' as investors seek a slice image
Source : Guardian [Read Article] Sunday 2nd of July 2017 11:57:55 AM
....However, while customers benefit from having pizzas, burgers and noodles from chains such as Byron, PizzaExpress and Wagamama delivered to their front door, Deliveroo’s operating model has come under fire. Like other gig-economy companies, such as the taxi-hailing app Uber, Deliveroo uses thousands of self-employed contractors rather than employees, a model saving millions of pounds in holiday pay, sick pay and tax. ...
Lloyds bank pays HBOS fraud victims £35,000 in living expenses image
Source : Guardian [Read Article] Friday 30th of June 2017 01:00:51 PM
....”. The fraud took place between 2003 and 2007 when HBOS employee Lynden Scourfield, who was in charge of looking after troubled businesses, referred struggling firms to David Mills and his consultancy QCS in return for luxury cruises and lavish gifts. ...
George Osborne came within weeks of scrapping the penny image
Source : Guardian [Read Article] Friday 30th of June 2017 06:47:41 AM
....Among the startups are Ask the Midwife, an app which connects pregnant women directly to advice on prenatal issues, Calipsa, which uses artificial intelligence to improve CCTV footage of traffic, and Eyn, aiming to place passport information on mobile phones. Another technology being shown to new advisers in No 10 is called RotaGeek, which was set up by an emergency doctor in the NHS and helps employee scheduling. ...
Ofcom has concerns about Murdoch power in UK if Sky bid allowed image
Source : Guardian [Read Article] Thursday 29th of June 2017 06:55:06 PM
....Fox subsequently told Ofcom that the phrase was not intended to diminish the seriousness of any conduct. “We found the language used by Fox to describe some of its employees’ misconduct to us tended to downplay the harm caused and diminish the victims,” said Ofcom. ...
Cyclists delivering emergency blood to NHS gain employment rights image
Source : Guardian [Read Article] Thursday 29th of June 2017 03:55:18 PM
....”. He said the IWGB would continue to pursue its case against TDL because the couriers argue they are employees – an even more secure classification than worker. ...
The Tories must rein in Rupert Murdoch and block the Sky deal | Tom Watson image
.... Politicians who might act to curb their influence are reluctant to do so because they fear the consequences. Proximity to power and the ability to shape it changes corporate culture and executives and employees are emboldened. ...
BT Italy scandal prompts auditing probe image
Source : BBC [Read Article] Thursday 29th of June 2017 07:47:51 AM
.... . On the other side, PwC could argue that their auditors might have been misled and could point to BT filing a criminal complaint in Italy against former BT employees. ...
FCA knows its scrutiny of the investment sector has only just started | Nils Pratley image
.... The share price, at 172p, down 16% this year, betrays the worry that his turnaround programme is losing puff. Some of Tesco’s soon-to-be-former employees may wonder if the £5. ...
Is standing up the new sitting down? | Stefan Stern image
Source : Guardian [Read Article] Wednesday 28th of June 2017 11:06:27 AM
.... People understandably like having a regular workspace, and like to feel that they belong. It might be a management consultant’s dream to make almost everything virtual – employees, desks, offices – but a lot of people still want a full-time job with an office to do it in. ...
Uber's scandals, blunders and PR disasters: the full list image
Source : Guardian [Read Article] Tuesday 27th of June 2017 11:14:33 PM
.... One manager had accessed the profile of a reporter without her permission. A former forensic investigator for Uber testified that employees regularly spied on politicians, exes and celebrities, including Beyoncé. ...
Net-a-Porter owner opens tech hub in London image
Source : Guardian [Read Article] Tuesday 27th of June 2017 11:25:53 AM
.... “Over the past 17 years we have expanded by always thinking about our customers. The easiest way to do it is if employees of the company mirror the customers. ...
Potential Martin Shkreli jurors: we can't be impartial over 'most hated man' in US image
.... The real Shkreli was a con man often undone by his own mouth, they say. The government has cited claims by one of Shkreli’s former employees that Shkreli harassed his family in a dispute over shares of stock. ...
HBOS fraud victims go unpaid as Lloyds battles Noel Edmonds image
Source : Guardian [Read Article] Monday 26th of June 2017 05:07:52 PM
.... He said he has seen an email showing HBOS knew about the fraud in 2008 when it was estimated £200m had been defrauded. Even before the £100m compensation provision, Lloyds had lost £250m on loans caught up in the fraud which took place period between 2003 and 2007 when HBOS employee Lynden Scourfield, who was in charge of looking after troubled businesses, referred struggling companies to David Mills and his consultancy QCS in return for luxury cruises and lavish gifts. ...
Frances O’Grady on insecure work: ‘the heartbreaking bit is  they think it’s normal’ image
.... He remained self-employed, so when he got ill again, with a kidney problem, he did not receive sick pay and had to continue to make rental payments. He says Addison Lee required him to wear a smart shirt and trousers, and he could be fined if spotted not meeting the dress code, so he felt like an employee without any of the benefits. ...
Risk of air accidents up after CAA cost-cutting, leaked report warns image
Source : Guardian [Read Article] Friday 23rd of June 2017 02:40:28 PM
....The provisional report – produced by the CAA’s head of strategy and safety assurance at the request of senior directors but never published – warned that the problems it identified were “those most likely to feature as contributory causal factors in aircraft accidents”. A staff survey detailed within the report showed that fewer than 10% of employees believed their colleagues had time to undertake important safety activities to an acceptable standard. ...
The Guardian view on Uber after Kalanick: only window dressing? | Editorial image
. The resignation of Uber’s chief executive Travis Kalanick is a victory for everyone who cares about the way businesses are run, about the duty of corporations to obey the law and of employers to respect and treat fairly their employees. ...
Low wages are 'return to pre-industrial Britain', says Bank of England economist image
....”. Trade union membership has declined from 38% of employees in 1990 to 23% in 2016, and Haldane noted that the downward trend was likely to continue. ...
Tesco staff 'shocked' as call centre closure puts 1,100 jobs at risk image
Source : Guardian [Read Article] Wednesday 21st of June 2017 02:05:28 PM
....”. Andrew RT Davies, leader of the Conservatives in the Welsh Assembly, said: “This could be the biggest single loss of jobs in Wales since 2009, and will be a huge blow for the employees and their families and the South Wales economy. ...
Why is productivity so low since the crisis – particularly in the UK? | Howard Davies image
....Some contributing factors are generally acknowledged. During the crisis and its immediate aftermath, when banks’ efforts to rebuild capital constrained new lending, ultra-low interest rates kept some firms’ heads above water, and their managers retained employees, despite making a relatively low return. ...
Uber CEO Travis Kalanick resigns following months of chaos image
Source : Guardian [Read Article] Wednesday 21st of June 2017 06:19:56 AM
....The resignation comes just one week after Kalanick began an indefinite leave of absence amid efforts to bring about wholesale change of Uber’s corporate culture. Though Uber had long had a reputation for defying rules and regulations, the company faced a new kind of crisis in February when a former employee published a blog post describing a workplace rife with gender discrimination and sexual harassment. ...
Government inspectors should enforce workers’ rights, says Law Society image
.... In contrast those categorised as workers have a degree of independence and can be self-employed but they are also entitled to limited rights including the national minimum wage and holiday pay. The most secure are employees, who have full rights including entitlements to flexible working, maternity pay and sick pay. ...
Did you hear the one about the inequality and the thinktank? image
Source : Guardian [Read Article] Monday 19th of June 2017 11:28:57 AM
. There’s a joke, beloved of American economists, that has a chief executive, a member of the conservative Tea Party movement and public-sector employee sitting at a table eyeing a plate of 12 biscuits. ...
Whole Foods for thought: Austin foodies ponder future under Amazon image
Source : Guardian [Read Article] Monday 19th of June 2017 06:00:28 AM
....7bn deal that will marry a supermarket famous for high prices and a do-good ethos with a technology giant known for low-cost items and rapacious ambition. In a Texas Monthly interview, Mackey decried the perception that in America, “business is about a bunch of greedy bastards running around exploiting people, screwing their customers, taking advantage of their employees, dumping their toxic waste in the environment, acting like sociopaths”. ...
Barclays to learn if SFO will press charges over Qatari cash injections image
.... The bank contests the findings, and these regulatory proceedings have been stayed while the criminal investigation continues. When Barclays first announced it was being investigated by the City regulator in 2012, it disclosed that Chris Lucas, then its finance director, was one of “four current and former senior employees” being investigated. ...
Life and death in Apple’s forbidden city image
Source : Guardian [Read Article] Sunday 18th of June 2017 08:30:02 AM
....Over several visits to different iPhone assembly factories in Shenzhen and Shanghai, we interviewed dozens of workers like these. Let’s be honest: to get a truly representative sample of life at an iPhone factory would require a massive canvassing effort and the systematic and clandestine interviewing of thousands of employees. ...
Humiliation on the high street as security guards rob shoppers of their dignity image
....Our jobs were at stake, so we’d try our luck with people who looked a certain way or had unusual habits. “Such ‘in-house’ employees are not required to carry SIA licenses and, as such, are not necessarily subject to the same level of mandatory training as their licensed private security counterparts,” says chief executive James Kelly. ...
Whole Foods, then a whole industry? Amazon sinks teeth into supermarkets image
.... How refreshing, then, to see some strikingly positive figures on pensions emerge last week. The number of private-sector workers saving into a pension has rocketed from 55% to 78% of all employees in just the past four years. ...
British workers are missing out on ‘buy one, get one free’ pension offer image
....For example, Tesco operates a scheme where the basic pension contribution by workers is 4% of salary, matched by a 4% employer contribution. However, employees can increase their contributions at any time, and the retailer will match their payments up to a maximum of 7. ...
Tesco says price rises are last resort as UK growth hits seven-year high image
....Pensions and Investment Research Consultants, a corporate governance lobby group, took a dim view of the relocation costs and has urged investors to vote against the remuneration report. It also said the ratio of chief executive to average employee pay at Tesco was an “unacceptable” 294:1. ...
Pensions WARNING: Pots under pressure as older worker redundancy rate hits record high image
. New pension freedoms allow those employees aged 55-plus thrown out of work access to their savings at an earlier age - but this means they may run out of money in old age. ...
UK pay squeeze breaks all sorts of records for all the wrong reasons | Larry Elliott image
....8% and unemployment at a 42-year low of 4. 6%, driven almost entirely in the latest quarter by relatively strong growth in full-time jobs for employees on permanent contracts. ...
Pay squeeze intensifies as wage growth falls further behind inflation image
Source : Guardian [Read Article] Wednesday 14th of June 2017 08:35:03 AM
....”. When adjusted for inflation, UK employees are now earning £15 less a week after tax and deductions than they were in March 2008, six months before the collapse of Lehman Brothers and the global financial crisis. ...
Embattled Uber CEO Travis Kalanick takes indefinite leave of absence image
Source : Guardian [Read Article] Tuesday 13th of June 2017 06:36:50 PM
....The report’s recommendations, made public Tuesday, are notable for how rudimentary many are for such a large company with a valuation as high as $70bn. The report, for example, calls for training human resource personnel on “the effective handling of complaints”, training senior management and executives in leadership, and the introduction of a policy banning romantic relationships between employees and their managers. ...
Revealed: reality of life working in an Ivanka Trump clothing factory image
Source : Guardian [Read Article] Tuesday 13th of June 2017 04:02:30 AM
. The reality of working in a factory making clothes for Ivanka Trump’s label has been laid bare, with employees speaking of being paid so little they cannot live with their children, anti-union intimidation and women being offered a bonus if they don’t take time off while menstruating. ...

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