DEBATE: Could bringing back bonuses help make pay fairer? January 10, 2020 Could bringing back performance-based bonuses help make pay fairer? YES, says Giles Gibbons, chief executive of Good Business, an ethical strategy consultancy. News this week that FTSE 100 bosses earn a typical worker’s wage in just 33 hours angered people across the UK — something has to change. And counter-intuitive as it may seem, bringing [...]
How to ask your boss for a pay rise in 2020 January 8, 2020 January is one of the busiest hiring months of the year, as many people re-evaluate their career options over the holiday period. Perhaps you enjoy your current job and don’t want to leave it, but would quite like a pay rise. If you believe that you’re working above your pay grade and are consistently producing [...]
All we want for Christmas is a pay raise — or an office cat December 18, 2019 At this time of year, many of us will have fond memories of writing festive wish lists in the fervent hope that we’d been good enough to receive a visit from the big man in red. Fast-forward a couple of decades, and while we still have wishes for the festive season, a few of these [...]
How to tackle stress like an Olympic athlete October 9, 2019 C-suite stress is the hidden ticking time bomb of business. With markets set to become even more volatile, the psychological impact on the leaders of Britain’s biggest firms cannot be underestimated. Just as we expect athletes to perform under stress, chief executives will be required to make critical decisions in the face of extreme pressure. [...]
DEBATE: Is the Thomas Cook boss right to defend his high pay? October 1, 2019 Is Peter Fankhauser, boss of now-collapsed Thomas Cook, right to defend his high pay and bonuses? YES, says Benedict Spence, a freelance writer. It never sits well, watching those high up the corporate ladder gorge themselves as companies go under. But the case of Peter Fankhauser and Thomas Cook isn’t quite as clear cut as [...]
Keep your wits about you, it’s not easy to navigate this tyrannical political jungle May 30, 2019 Any country that forced its citizens to spend over 40 per cent of their time working for those in power would be roundly condemned as a slave state and the most appalling tyranny. Yet this is the effective reality in Britain. Just over two fifths – 40.94 per cent – of everything the nation earns is [...]
Walmart faces challenge over executive pay and harassment policy May 27, 2019 Asda owner Walmart is facing pressure to make changes to its executive pay and sexual harassment policy as two proxy advisers recommended shareholders vote against the company at its annual meeting next week. Glass Lewis has recommended that shareholders vote against the retail giant’s executive pay proposals, saying “overall, the company paid more than its [...]
It’s time to challenge Corbyn’s grotesque stereotype of business May 17, 2019 This week, business leader and rich list regular Julian Richer announced that he was handing over 60 per cent of shares in his company to the firm’s 522 employees. You’d be forgiven if you missed this news. Despite Richer Sounds’ 53 stores across the country and annual turnover of £157.5m, the founder is hardly a [...]
Could Capita’s move to put workers to boards fix capitalism’s crisis? May 14, 2019 Capitalism is being questioned in Britain more intensely than for decades. Some want to destroy it. Others believe that it is the only economic system which works, but want to reform it. I am in the latter camp. Part of the debate around Brexit has centred on preserving workers’ rights, enshrined in EU law. But rights [...]
Mirror publisher Reach posts revenues slip ahead of shareholder showdown May 2, 2019 Mirror publisher Reach has posted a dip in revenue amid reduced demand for its print products, as it gears up for a showdown with investors over executive pay. Like-for-like revenue fell by 6.4 per cent in the first four months of the year, driven by a 7.9 per cent drop in print revenues. Read more: [...]