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Lovewell’s logic: Will the removal of the bankers bonus cap drive change in remuneration structures?

Employee Benefits

This is the question that has arisen this week following the Financial Conduct Authority’s (FCA) announcement that the cap on bankers’ bonuses will be scrapped from 31 October. The cap, which was introduced in 2014, was intended to curb excessive risk taking in the financial services industry following the financial crash of 2008.

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Strike Continues as 64% Boeing Workers Vote Against Contract Offer

HR Digest

Union ready for negotiations Union leaders said they were ready to immediately resume negotiations with Boeing on the first new contract since 2014. Some machinists were upset about losing their pension plan in a previous contract that they signed in 2014, but the latest proposal didn’t offer a pension.

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Barclays removes imposed cap on bonuses for some bankers

Employee Benefits

Banking organisation Barclays has removed a European Union (EU) imposed cap on bonuses for some of its bankers and traders. The cap was introduced in 2014 by the EU to limit excessive risk-taking following the financial crisis. The post Barclays removes imposed cap on bonuses for some bankers appeared first on Employee Benefits.

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Adrian Crawford: Bankers’ bonuses uncapped

Employee Benefits

First introduced by the European Union in 2014 in response to the 2008 financial crisis, the cap limited bonuses to twice employees’ basic salary. Many bankers have been happy with the relative security of higher fixed pay, all the more so as bonuses above a certain level are now subject to deferral.

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Ingka Group to pay out €311 million performance-based bonus

Employee Benefits

loyalty pension programme since 2014. Ingka Group, which owns retailer Ikea, has announced that it will pay out a €311 million employee bonus based on good results this financial year, where revenue grew by 5.4%. The group’s global annual performance-driven bonus programme rewards employees when they meet or exceed specific business goals.

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Your 5-Day Plan to Learning Twitter

HR Bartender

Related posts from HR Bartender: 3 Great Blogs @HRBartender is Reading Right Now Quick Shots for #HR and #Business Pros – February 2014 Informal and Social Learning Through Curation. Obviously, you get more if you connect and engage with people. If you want to connect with me, I’m at @Sharlyn_Lauby and @HRBartender. And there is.

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10 Rules for Employee Retention Your Competition Will Hate

Insperity

Performance bonuses are common in professional sports. For example, Indiana Pacers guard Paul George received a $7 million bonus when he achieved the honor of being selected to the All-NBA team in 2014. These are viable methods for employees to expand their knowledge and gain experience. Flexibility. Your employees are human.