Search Results for: financial

Giving CEOs financial incentives seems to damage long-term profitability

Giving CEOs financial incentives seems to damage long-term profitability

IncentivesThe greater stress companies put on financial incentives and financial performance in bonus systems for CEOs, the more negative the impact is on the firm’s financial performance, claims new research from Vlerick Business School. These findings come from a research study into the top 600 European firms and their CEOs remuneration. More →

Designing your employee financial wellness program

Designing your employee financial wellness program

For a lot of employers, the idea of an employee financial wellness program can be something of an afterthought. That is, beyond providing fair pay and a clear policy regarding taxation and benefits, it can seem unnecessary to take any other action regarding employee finances. What’s becoming more and more apparent, however, is that employers do need to take a more active approach toward implementing employee financial wellness programs. More →

AI will transform financial services in two years

AI will transform financial services in two years

AINearly two-thirds of financial services leaders expect to be mass adopters of AI in two years compared to just 16 percent harnessing it today, a survey from the World Economic Forum and the Cambridge Centre for Alternative Finance (CCAF) claims. This is despite fears around AI, with 58 percent of the 150 senior executives surveyed expecting it to worsen discrimination in the sector and the same number expecting privacy breaches to increase. More →

No financial incentive to tackle climate change for 90 percent of CEOs, study claims

No financial incentive to tackle climate change for 90 percent of CEOs, study claims

No incentive to tackle climate change?Fewer than 10 percent of UK CEOs have financial incentives in place to be environmentally friendly in their business practices and thus tackle the climate change emergency, according to new research from Vlerick Business School. In fact, the researchers found that only 6 per cent of UK CEOs have in their bonus a KPI focusing on the environment, and less than one per cent have long-term incentives focused on this area. More →

Always on working culture in financial services sector driving staff to burnout

Always on working culture in financial services sector driving staff to burnout

always on in the city of LondonMore than nine in ten banking and financial services professionals in the UK work beyond their contracted hours every week, according to a new survey — laying bare the extent of the City’s always on working culture. Almost half, or 47 percent, said that they do not leave the office or take a break at lunchtime, according to the survey by Morgan McKinley. The recruitment firm canvassed the views of around 480 finance workers in an informal poll to come to its conclusions. More →

Employee engagement linked to improved financial performance

Employee engagement linked to improved financial performance

employee engagementCompanies which make employee engagement a strategic priority may be more likely to perform better financially, according to research released today. An analysis of the UK’s biggest companies found that those which frequently reference “employee engagement” in their annual reports also perform better financially. The findings were released by Sideways 6 which analysed the annual reports of the FTSE100 Index for each of the last three years (2016-18). More →

Financial security and the option to work are essential for ageing better

Financial security and the option to work are essential for ageing better

ageing better linked to good workHigh profile organisations in the UK’s health, housing, employment, research and voluntary sectors have launched what they claim is a landmark shared vision on healthy ageing. Brought together by the Centre for Ageing Better and Public Health England (PHE), more than 60 organisations – including the Department of Health and Social Care, NHS England and other health, housing and employment bodies – will work together to make England the best country in the world to grow old. More →

Productivity decline linked to poor employee financial wellness

Productivity decline linked to poor employee financial wellness

The future of pay and productivityAlmost all (98 percent) employers believe that their employees’ financial wellness has a direct impact on productivity and their business performance – especially concerning employee productivity (67 percent) and engagement (62 percent). This is according to the Future of Pay research study (registration) by technology firm ADP, which surveyed 4,000 employees and 2,900 businesses to explore workers’ perceptions and attitudes towards traditional and emerging pay methods to address some of the biggest human capital management concerns. More →

Bosses at financial services firms falling behind on tech know-how

Bosses at financial services firms falling behind on tech know-how

Canary Wharf, home of the UK financial services sectorWith widespread disruption from new and emerging technologies facing companies, the financial services sector is still lacking in both diversity and CEOs with a background in technology, according to recent analysis from recruitment firm,Robert Half UK. According to the results of the annual Robert Half FTSE 100 CEO Tracker, not one of the CEOs leading the FTSE 100’s financial services companies has a background in technology. By contrast, the proportion of CEOs with a background in technology across all sectors has increased by 27 percent over the past year, as the impact of digitisation is felt across multiple industries and sectors. More →

Personal financial worries are increasing workplace stress

Personal financial worries are increasing workplace stress

financial stressEmployers need to understand more about the impact of personal financial worries on workplace mental health, but are struggling to agree best practice standards to address the issue, new research from MetLife UK claims. More than six out of 10 (61 percent) senior HR executives have seen a rise in financial wellbeing issues affecting employee mental health and work performance, the nationwide study from MetLife UK suggests. More →

Companies that adopt agile working enjoy improved financial performance, claims report

Companies that adopt agile working enjoy improved financial performance, claims report

Companies that embrace agile working and and a generally more flexible and responsive way of working enjoy a financial and operational competitive advantage over their rivals, according to new research from PA Consulting.  Two thirds of the respondents said that their business model is at risk of fundamentally becoming outdated, with agile considered a key method for transitioning to a future-proof strategy. While agile is typically regarded by many as a method geared at streamlining operations, PA Consulting’s research suggests the approach could take things a step further. The consultancy conducted an international study among 500 executives of large companies across a range of sectors, asking them how they view agile working and what they see as the key factors for successful adoption. More →

Financial services firms slow in offering flexible working to all employees

Financial services firms slow in offering flexible working to all employees

New research from TeleWare claims that 94 percent of employees in financial services firms believe it is important for them to be able to choose the hours they work and where from. Yet, only just over a third (36 percent) of employees in the sector work for firms that offer flexible working. Of those firms that do offer it, more than a fifth (22 percent) of employees said it isn’t available to all employees – only those of a certain level of seniority.

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