compensation
Top StoriesBritish PM Sunak Explores Public Sector Pay Deal That Backdates Wage Offer -Ft
Top StoriesUK Firms Plan Biggest Pay Rises Since 2012 to Fill Staff Gaps
BankingSocGen Favours Prudence Over High Shareholder Return Before CEO Change
BusinessFinance Leaders See ‘benefits’ as Key to Talent Attraction
Billionaire Cohen Builds Stake in Nordstrom, Urges Board Shakeup
Date: February 3, 2023
By Svea Herbst-Bayliss NEW YORK (Reuters) -Billionaire investor Ryan Cohen is building a large stake in Nordstrom Inc and plans to push the upscale retailer to shake up its board as its performance has lagged behind rivals, people familiar with the matter said on Thursday. Cohen, who built his fortune by co-founding online pet retailer...
French Uber Drivers to Earn More Than $8 per Ride After Union Deal
Date: January 18, 2023
By Mathieu Rosemain PARIS (Reuters) – France’s Uber drivers are poised to earn a minimum of 7.65 euros net ($8.25) per ride after a sector-wide deal with unions, setting up a precedent after months of bargaining talks with taxi apps, Uber said on Wednesday. The accord hikes the minimum price per ride by 27%, bringing...
Banker Bonuses Go From Boom to Bust in Jarring Reversal
Date: December 22, 2022
By Lananh Nguyen, Saeed Azhar and Lawrence White NEW YORK/LONDON (Reuters) -Bankers in New York and London are bracing for year-end bonuses that recruiters estimate are 30% to 50% lower, while some may receive none at all as dealmaking sputters and economic gloom sets takes hold. Financiers face disappointment when their compensation awards land in...
Payroll Teams Can Help Employees Struggling With the Cost of Living, Even if Their Companies Can’t Afford Raises
Date: December 12, 2022
By Suzanne Gallagher, UK Product Manager of KeyPay A lot of people are doing it quite tough right now. As interest rates rise in a battle with inflation, regular workers are feeling the squeeze on both ends – costs are still high, but now mortgage rates are too. Businesses who want to help face a...
Exclusive-Morgan Stanley to Slash 2022 Banker Bonuses in Asia by up to Half – Sources
Date: December 12, 2022
By Scott Murdoch and Kane Wu SYDNEY/HONG KONG (Reuters) – Morgan Stanley plans to slash investment bankers’ annual bonuses by as much as 50% in Asia, said two people with direct knowledge of the matter, as the Wall Street firm reins in costs to tackle tough market conditions that have hit its revenue. The scale...
Why Quiet Quitters Make Great Candidates
Date: December 8, 2022
By Alex Dick, the founder and CEO of Alexander Lyons Solutions (ALS) What is Quiet Quitting? Over the past few months, you’d have been hard pushed to open LinkedIn without coming across at least one connection adding their two cents into the quiet quitting debate. This so-called trend sees employees strictly adhering to the responsibilities laid out...