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41 % of small businesses reward employees irrespective of their results

August 27, 2009 - 6:41am | Figures | News
41 % of small businesses reward employees irrespective of their results

A recent survey of 1,000 small businesses in the United States revealed that 41 % of owners pay their employees just to show up and that model is killing profitability. The survey was conducted by management consulting firm George S. May International Company.
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employees | measurable goals | pay-for-performance concept | profitability | small businesses
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Hewlett Packard sued for shortchanging its employees

August 11, 2009 - 4:58am | Law aspects | News
Hewlett Packard sued for shortchanging its employees

As a result of serious glitches of a sales force commission tracking system known as Omega used by Hewlett-Packard three former employees of HP filed a lawsuit against the company.

Last week, The Wall Street Journal broke the story about the Omega commission calculation system not paying employees correctly.
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employees | HP | law suit | Omega | shortchange | system glitch | US District Court
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Executive pays at Barclays will increase to nearly £250,000

August 3, 2009 - 2:29am | Banks and internet banks | News
Executive pays at Barclays will increase to nearly £250,000

Bankers at Barclays’ investment bank are set to repeat its performance in the second half of the year and to see their pay and bonuses more than double to nearly £250,000 this year as their division reports bumper profits today. The return of bankers’ bonuses is expected to provoke outrage so soon after the meltdown in the financial system, which prompted the worst recession since the Second World War.
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bankers | Barclays Capital | bonus structure | bonuses | employees | income | payments | pension scheme
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10 Things a boss shouldn’t say to his employees

April 14, 2009 - 12:08pm | Articles | Other themes
10 Things a boss shouldn’t say to his employees

Are you a boss? Whether you have just hired your first employee or managed a team for several years, your ability to do your job is closely connected with your ability to interact with your subordinates. It is not fun to be a boss who is not respected or liked, right? And while every person and every company is different, there are 10 basic things that you shouldn’t say to your employees. 
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boss | corporate ethics | employees | employment relationships | management
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Bank of America is to produce more "jumbo" mortgages

March 13, 2009 - 7:50am | Banks and internet banks | News
Bank of America is to produce more "jumbo" mortgages

As Barbara Desoer, the Bank of America ‘s head of mortgage, home equity and insurance services, told Bloomberg, the bank is seeking to produce more "jumbo" mortgages, ranging from amount of 417,000 in most areas to as much as $729,750.

The bank considers that, even if it continues to integrate with Merrill Lynch, there is an opportunity to issue more of the loans with the company’s numerous customers.
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balance-sheet capacity | Bank of America | employees | jumbo | Merrill Lynch
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