Search Results for: financial

Firms who prioritise working culture enjoy better financial performance

Firms who prioritise working culture enjoy better financial performance

working culture in a smart officeHeidrick and Struggles has released the results of a new global CEO study Aligning Culture with the Bottom Line: How Companies Can Accelerate Progress which found that intentionally building a company’s working culture can impact the company’s financial performance in a number of ways. The survey of 500 CEOs across nine countries examines how working culture propels organisational performance in Australia, Brazil, Canada, China, France, Germany, Spain, the UK and the USA. More →

Strong mutual trust between managers and employees boosts company’s financial performance

Strong mutual trust between managers and employees boosts company’s financial performance

trustCompanies that have a high-level of mutual trust between their management and employees are much more likely to have a greater economic and financial performance, according to new research from Durham University Business School. More →

Half of employers don’t have a financial wellbeing policy

Half of employers don’t have a financial wellbeing policy

financialDespite the financial hardship wrought by COVID-19, half of employers (49 percent) don’t have a financial wellbeing policy. This is according to the latest Reward Management Survey from the CIPD (which 420 employers responded to). More →

Gig economy workers to make up fifth of employees in financial services firms, claims report

Gig economy workers to make up fifth of employees in financial services firms, claims report

gig economyMore than half of financial institutions say they expect to have more ‘gig economy’ based employees over the next three to five years, according to PwC’s report, Productivity 2021 and beyond: Upskilling the workforce of the future to create a competitive advantage in financial services. The second iteration of PwC’s productivity research, that surveyed over 500 financial services businesses globally, and received over 60 percent of responses from C-suite leaders, looked at some key workstreams implemented by financial services businesses and evaluated its impact on productivity. More →

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 →

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