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...UK asset manager Abrdn has slashed employee benefits as part of a fresh round of cost cuts, halving redundancy payouts and reducing the length of paid parental leave by about a third....
...Jupiter’s chief executive Matthew Beesley is restructuring the group to try and revive growth, and in December, Abrdn slashed employee benefits in its latest round of cost cuts as it battles to contain expenses...
...“We are establishing a new model where everyone that contributes to our success has the opportunity to benefit from it,” BDO added....
...In its 2022 financial year, employee turnover was 20 per cent in the US, versus 25 per cent or more elsewhere, Monadnock said....
...“It is always difficult when an employee only raises this partway through a management process rather than earlier on.”...
...Their rationale for favouring the status quo was based on the magnitude of the transition, potential investment risks, a lack of confidence in the associated economic benefits, and the needless management...
...This was followed by $1.3bn in debt financing from Apollo Global Management to fund purchases of shares by a new employee trust....
...Employee efficiency and productivity are key areas, he adds, with virtual assistants going from novelties and useful accessories to potentially transformative tools....
...The benefit was so well-received that it was extended beyond lockdowns....
...If a manager is unsure about how to support an employee, they know who to ask in HR....
...Pay and people How is remuneration structured to incentivise senior management and employees to further sustainability objectives?...
...The lender has nine employee D&I networks, including disability network Enable, ethnicity network Race Together and, among others, networks for gender equality, LGBTQ+, working families, and mental health...
...A key benefit is that it can really make an impact, says Bernadett Koles, associate professor and academic director at France’s Iéseg School of Management....
...A third of customers say they will pay more for better service. Investing in customer service has proven benefits, but I fear it will take a while for the penny to drop....
...“The people at Fujitsu kept on saying, ‘Let’s keep [ICL] at arm’s length’, at the time . . . and Fujitsu management was not able to touch ICL,” said Yutaka Nakashima, a former Fujitsu employee who handled...
...Ryan was “single-minded”, one former employee said, while another person who worked with him said his approach had sometimes upset overseas colleagues....
...Cappelli also explains how financial accounting pressures squeeze costs of employee pay, benefits and investment in training, thus affecting employee performance....
...Ren, the founder, has some veto powers and doubtless effective control, but limited influence over management is common at employee-owned companies around the world....
...Further reading— The unbearable tightness of BoE’ing— The Bank of England is misusing its fiscal powers...
...“Lower inflation only means a slower (and still above target) rate of price rises,” she said, arguing that the electoral benefit of meeting Sunak’s promise “may be limited”....
...This might help them benefit from your good coaching and hopefully change the culture for the better.” One last thought: “Try having a direct and honest conversation with your senior employee....
...*Ignites Asia is a news service published by FT Specialist for professionals working in the asset management industry. Trials and subscriptions are available at ignitesasia.com....
...He says using travel management services — rather than relying on employees to make their own plans and reservations — gives companies greater control over bookings, and more granular information on who...
...Fink’s challenge was to convince the publicity shy Ogunlesi that his 400-person investment group would thrive inside a 20,000-employee behemoth whose every move is under the microscope....
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