Female accountants beware: Women in the profession take home on average £17,000 less a year than their male counterparts, but the gap is getting narrower February 29, 2016 Female accountants might want to check the numbers in their pay packets, after a survey released today pegged the gender pay gap in the profession at around £17,000. According to a study by accountancy and financial recruiter Marks Sattin based on 2015 earning figures, women working in accountancy take home £67,680 a year on average, while [...]
Problematic worker? You probably aren’t communicating what you want from your team February 29, 2016 Being a manager is a hard job. And it doesn’t get much harder than when you have to tell someone they aren’t making the grade. I’ve been witness to many such meetings and all too often, it was the manager who left feeling dejected, not the employee. Why? Because during the conversation it became clear [...]
Why good culture is so important in business February 29, 2016 What is business culture? In the simplest terms, it is the culmination of behaviours and attitudes of individual people within a company that gives the firm its distinctive identity. The late London Business School professor Sumantra Ghoshal called it “the smell of the place”. A healthy culture can be a core driver of positive business [...]
Mentoring meaningfully: BoAML’s Jennifer Boussuge on how to make your help really count February 25, 2016 We're seeing more women than ever serving on the boards of Britain’s biggest companies. However, with only four years remaining to reach the government’s target (women must occupy a third of all board seats by 2020), companies must do much more to create robust conditions that help women fulfil their executive potential. There are many factors [...]
Bar Standards Board report reveals that complaints process might favour women but does not show any bias on racial grounds February 24, 2016 The system for dealing with complaints about barristers may slightly favour women, a report released today by the Bar Standards Board (BSB) has discovered. The report, which was carried out to assess the fairness of the BSB's complaints handling process, revealed that complaints about female barristers were less likely to be referred for disciplinary action than [...]
The kids aren’t alright: Millennials are fleeing from London in their droves, driven by those in their early 30s February 24, 2016 Millennials – those born after 1980 – are deserting the capital in their droves, according to new research. The study, by the Office for National Statistics for The Silvertown Partnership, suggested 128,766 people aged 21-40 left London in 2014 – up seven per cent on the year before. In fact, the number of young Londoners ditching the [...]
JLL’s UK boss Guy Grainger takes top European job at property firm in management reshuffle February 24, 2016 The UK boss of property services giant JLL Guy Grainger has been promoted to chief executive of Europe, Middle East and Africa (EMEA) as part of a management reshuffle at the company. Grainger, 48, who has headed up the UK business for three years, will succeed current EMEA chief Christian Ulbrich, who will become president of the New [...]
Of data leaks and oil spills: Tips for tackling a corporate crisis February 23, 2016 As Johnson & Johnson, BP, Volkswagen and TalkTalk can all attest, corporate crises are never easy. Communicating an assured and consistent message at a time when consumers may be vulnerable to fraud or even poisoning is one that few do well, especially when one eye is on the share price. “Businesspeople are used to being detached,” [...]
Deliveroo co-founder Will Shu talks buffalo wings, concerned ex-colleagues and hedging bankers February 22, 2016 By the time Will Shu, co-founder of Deliveroo, launched his company, he knew acutely what problem he was trying to solve. The former investment banker grew up in Connecticut, went to college in Chicago and then went straight to work for Morgan Stanley in New York. “This was 2001, and things were very different then. The [...]
Navigating the new world of business finance February 22, 2016 Good businesses today will have no issue finding funding to finance their growth. Instead, the problem is that, given the diversity of options available to companies, the landscape can be quite confusing. Pre-credit crisis, the banking market was a cosy, relationship-led high street bank market with four or five local players, and businesses knew where [...]