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Concern as business sees new high in staff turnover

first_imgThe cost and rate of staff turnover to businesses has hit record levels,according to research. The CIPD survey of 630 HR professionals shows that a quarter of all staffleft their firms last year – the highest figure since the survey began in 1995.The CIPD’s 2001 Labour Turnover Survey also shows that two-thirds oforganisations claim that such a high turnover rate is damaging their business.The average turnover cost of managerial and professional staff is now over£6,000 per employee – a 28 per cent increase on last year. The overall averagecost of turnover per employee is £3,933. The professional service sector is the worst hit. It has an average turnovercost of over £8,300 per employee, with nearly a fifth of companies paying morethan £10,000 to replace staff. Nick Page, rewards adviser at the CIPD and the report’s author, said,”The escalation in the rate of labour turnover is a big concern forbusiness and is clearly impacting on organisational performance. “However, it is encouraging to see employers responding to suchactivity, with one in four planning to introduce work-life balance measures andmany more planning to use exit interviews and change pay and benefit structures.”Surprisingly, the survey shows that public sector workers, such as teachers,are less likely to leave their jobs than their counterparts in the privatesector. Page said, “Clearly the poor performance of the public sector inrecruiting new people and managing turnover is a key reason for its severelabour shortages, rather than people deserting the public sector in droves. Theway we manage labour turnover, therefore, is vitally important”. High turnover should be tackled by offering staff better career and rewardstructures, claims the CIPD. Paul Nelson Related posts:No related photos. Concern as business sees new high in staff turnoverOn 16 Oct 2001 in Personnel Today Comments are closed. Previous Article Next Articlelast_img read more

Sailors Test Navigation Skills aboard HMS Westminster

first_img View post tag: europe Authorities After several weeks working in a simulator, the week at sea was the culmination of their training and the end of a three month course.The students also enjoyed experiencing the gold standard training provided by the Royal Navy.The week at sea involved planning and executing day and night dummy anchorages and pilotage into various UK south coast ports including Portsmouth, Dartmouth, Torbay and Plymouth as well as the Channel Islands of Jersey and Guernsey.They demonstrated their practical application of the International Regulations for the Prevention of Collisions at Sea – also known as ‘Rules of the Road’ – and took turns in the variety of roles on the Bridge working as a team to safely navigate each route.In addition they also demonstrated blind pilotage techniques – using a radar to supplement their visual plans and to ensure safe passage in conditions of restricted visibility.Portsmouth based HMS Westminster has worked with a number of allied nations on exercises during a recent deployment to the Middle East, as well as in the UK, so welcomed the opportunity to work with international colleagues on this training programme.Throughout their time on board, the students were supervised by their instructors from the Maritime Warfare School at HMS Collingwood as well as having the guidance of Captain Hugh Beard on hand on the Bridge.[mappress]Press Release, August 12, 2014; Image: UK Navy August 12, 2014 Share this article View post tag: test View post tag: Naval View post tag: skills View post tag: HMS Westminstercenter_img Back to overview,Home naval-today Sailors Test Navigation Skills aboard HMS Westminster View post tag: Navy Sailors from Malaysia, Ireland, Singapore, Oman and Kuwait spent a week onboard HMS Westminster testing their navigation skills at sea. View post tag: sailors Sailors Test Navigation Skills aboard HMS Westminster View post tag: navigation View post tag: News by topiclast_img read more

Amazon Prime Day Can Be Prime Time For “Porch Pirates”

first_imgMany online shoppers will be taking advantage of the special deals being offered during Amazon Prime Day. When making your purchases, it’s important to remember that package thieves don’t just operate during the holidays. Taking some precautions can protect your items from being hauled off by a porch pirate. Here are some suggestions from the Better Business Bureau website:Track your packages: Follow shipments from the seller to your front door with online, text message or phone call tracking offered through the delivery company. Sign up for alerts to be notified of delays or exceptions and when the package has been delivered.Be available for delivery: Track packages and arrange to be available during estimated delivery times, have a trusted friend or neighbor pick up the packages in a timely manner after delivery or ship to your work address (pending company approval). Package delivery thieves have been known to follow delivery trucks aro und town, stealing packages immediately after delivery. If you can’t arrange for pickup shortly after delivery, keep reading for alternative safe delivery tips!Request a signature: This package delivery feature will likely come with a fee, but without a recipient’s signature, the delivery service won’t be able to leave a package exposed on a doorstep.Personalize delivery: Schedule a certain day and/or time for your package delivery, including evenings and weekends or provide specific instructions on where a package should be placed to keep the delivery hidden from public view. Consumers can also request a package be held at a delivery center or shipped to a retailer’s nearest store location for in-person pickup. Fees for personalization do vary by delivery service.Use your credit card: When making purchases online, use your credit card rather than a debit card or another form of payment. Credit card companies are more likely to offer refun ds in the event of theft.Insure valuable items: Purchase delivery insurance to protect merchandise against loss or damage.FacebookTwitterCopy LinkEmailSharelast_img read more

Notes of gratitude, gifts of charity

first_imgThanksgiving may still be two days away, but gratitude filled University Hall as more than 4,000 cards were handwritten during the Faculty of Arts and Sciences’ (FAS) Giving Thanks event.Held last week, the annual event celebrated its 10th year with a steady flow of more than 200 staff circulating in and out of the Faculty Room throughout the day, enjoying homemade cookies and coffee while a pianist played for them.“There are so many people whom I work collaboratively with, and we typically only communicate over email,” said Angel Velarde, a longtime member of the FAS Administrative Operations team. “It’s nice to be able to sit down and take your time, and send actual letters to people.”Nyasha Bovell (left) and Emily Ware, coworkers in the Philosophy Department, write thank-you cards at last week’s Giving Thanks event in University Hall.In addition to taking a few minutes out of their day to thank colleagues across the University, attendees were also encouraged to bring donations for the Harvard Square Homeless Shelter. This year, the event yielded $600 in monetary donations, and in-kind gifts from coats and scarves to food, blankets, and toiletries.“Once again, we had a wonderful turnout at this year’s Giving Thanks,” said Chris Ciotti, associate dean of human resources for FAS. “Many FAS staff members took time from their day to write notes of appreciation to their colleagues and to donate money and other useful items to the Harvard Square Homeless Shelter. For this, we are very thankful.”“It’s a great way to start the holiday season,” Velarde added.The annual event brought in more than 200 staff members and yielded 4,000 notes of thanks. Related At home or on campus? Longstanding family traditions or new ones? The classic foods or fresh takes?center_img Dishing on Thanksgivinglast_img read more

Rio de Janeiro Reinforces Security for Rio+20 UN Summit

first_img The Brazilian city of Rio de Janeiro will be placed on maximum alert in order to guarantee the security of the Rio+20 UN summit on sustainable development in June, and the security arrangements will serve as a trial run for future events, such as the 2014 World Cup and the 2016 Olympic Games. “What we don’t want is for something to happen that would compromise Rio’s image (…) With Rio+20, we’re going to practice for 2013,” when the Confederations Cup will be held, as well as for 2014 and 2016, the undersecretary of security for Rio state, Roberto Alzir, declared at a press conference. According to Alzir, the expulsion of drug traffickers from several shantytowns in Rio’s most touristed area, begun in 2008, and the recovery of those territories by the police have made the city much safer than in 1992, during the UN Earth Summit. “In 1992, there were 64.7 homicides per 100,000 inhabitants in the city, and in 2011, we were at 24.1,” a rate that continues to fall, Alzir affirmed. Preparing the city to be “safe” for Rio+20 required close collaboration between the civilian and military police forces, an unprecedented occurrence, he specified. During the event, the number of police on the streets will double, with 3,000 additional personnel a day, he indicated. One of the goals is to reach “appropriate crime rates” in 2014, meaning under 10 homicides per 100,000 inhabitants, according to Alzir. Rio+20 will be the UN’s fourth major conference on sustainable development since 1972. Around 100 heads of state and government and around 50,000 people, including businesspeople and representatives of various social movements, will participate. The official summit will take place from June 20 to 22, but negotiators working on the summit’s final text, businesspeople, and activists will gather starting on June 13. By Dialogo May 21, 2012last_img read more

Fauci says Trump campaign ad twists his words on virus

first_imgTop government scientist Anthony Fauci said Sunday that an ad aired by Donald Trump’s reelection campaign was edited to make him seem to endorse the president’s handling of the coronavirus pandemic. “In my nearly five decades of public service, I have never publicly endorsed any political candidate,” Fauci, the longtime director of the National Institute of Allergies and Infectious Diseases, said in a statement sent to AFP.The 30-second campaign ad cites Trump’s personal experience with the virus – “President Trump is recovering from the coronavirus, and so is America,” it says – before including a brief clip in which Fauci appears to praise the president’s response to the pandemic.  Topics : “They are indeed Dr. Fauci’s own words. We have done a ‘phenomenal’ job, according to certain governors,” the president wrote in a tweet.As a leading member of the White House task force on the coronavirus, the 79-year-old doctor has frequently had to walk a fine line in attempting to clarify – or correct – the Trump’s often incautious assertions about the disease or the treatments and vaccines being developed against Covid-19. Fauci has at times aroused Trump’s ire, as when the president in April retweeted a message containing the hashtag #FireFauci – before publicly insisting the doctor was doing a great job.center_img “I can’t imagine that anybody could be doing more,” Fauci is shown as saying, creating the clear impression he is referring to Trump.But a complete clip of Fauci’s comments, made during an interview in March with Fox News, shows the doctor saying: “I have been devoting almost full time on this. I’m down at the White House virtually every day with the task force. It’s every single day. So, I can’t imagine that under any circumstances that anybody could be doing more.”In his statement Sunday, Fauci said, “The comments attributed to me without my permission in the GOP campaign ad were taken out of context from a broad statement I made months ago about the efforts of federal public health officials.”Trump defended the clip, and his handling of pandemic, and rebutted the doctor’s criticism.last_img read more

Joseph Mariathasan: What to do about high-frequency trading?

first_imgHigh-frequency trading (HFT) can generate strong views. Does it actually perform a social good or is it just a scam?Many academics have come out in support of HFT. Finance professor Venkatesh Panchapagesan argues in this article from 2016 that there is overwhelming empirical evidence that it has been largely beneficial to the markets. Prices have become more efficient, costs have gone down, and volumes have gone up, he says.The argument that high-frequency trading increases liquidity in the market is misleading, however. There are many definitions and measures of liquidity. Being able to trade during sharp market movements is perhaps the most important, but that relies on having a diverse universe of counterparties, with some at least willing to buy when most are selling (and vice versa). High-frequency traders do not provide that.Regulators are faced with responding to criticisms of HFT while ensuring that any regulations they make do not have unintended negative effects on markets themselves. For example, Panchapagesan points out that many studies identify HFT as exacerbating fragile market conditions, but not causing them (unless there is manipulation involved). Given this, he argues that regulators should address volatile periods through special trade rules rather than tightening HFT regulation in general. A good example of this is the SEC in the US. After years of researching HFT, it introduced ‘limit up/limit down’ rules and stock-level ‘circuit breakers’ to lower the possibility of wild price swings without disrupting the normal functioning of the market.Another concern Panchapagesan raises revolves around HFT’s unfair use of market infrastructure, and its faster access to data. Higher system usage, especially when it generates little value, clearly imposes a disproportionate cost on others. But, as he points out, how exchanges develop, maintain and fund their infrastructure should be their concern, provided the regulatory consequences of a breakdown are credible.The driving force behind HFT, however, is getting faster access to information, essentially creating a natural monopoly in market data.Michael Lewis in his book Flash Boys claimed that markets were rigged by traders willing to spend millions of dollars to get an edge in speed of just a few milliseconds. Lewis argues that HFT is essentially front running trades between institutional counterparties. They are not acting as market-makers by taking on opposite positions to counterparties wishing to trade – indeed, they are not taking any positions of their own at all.Everyone apart from the closest trader is working with data that is ‘stale’, in the sense that someone else has been able to benefit from access to it first. Shaving milliseconds counts in this game, leading to the what seems the bizarre focus on spending huge amounts of money to locate computers closer to the exchange to increase speed by infinitesimal amounts.One idea may end this game. Or rather, two: randomising entry times and introducing random order processing delays, known as ‘speed bumps’. Both of these would reduce the importance of time priority, and as a result eliminate the need to beat others on speed alone.As Panchapagesan says, this will ensure some parity among traders, reduce perverse incentives for exchanges, and slow down this ‘winner takes all’ race to the bottom among HFT firms.In India, the regulator is exploring whether this idea should be tested out with a pilot containing a few stocks before rolling it out to the broader market. It may be worth considering such a proposal for European exchanges as they also grapple with the issues around HFT.last_img read more

Swiss schemes pushed to adopt riskier strategies amid crisis uncertainty

first_imgAndreas Dänzer, Asga’s CIOThe federal pensions regulator Oberaufsichtskommission (OAK BV) had previously warned that Swiss pension funds should expect to encounter phases of high volatility in equity markets in the short-medium term, while for the long-term risks would relate to low interest rates.“Due to uncertainties, we continue to expect volatility above the historical average,” said Dänzer.UBS expects the global and Swiss economy to display a U-shaped recovery, with lockdown measures not to be imposed again in case of a second wave of COVID-19 infections, but with further precautionary measures in place until a vaccine is available.“Recovery should be slow in the second half and only take off next year. That means pension funds will probably have the worst behind them from an investment perspective, and be able to keep the coverage ratio above 100%, but won’t be able to make significant gains this year,” Bauer said.He added that volatility is likely to remain high in financial markets as geopolitical tensions could flare up and with the US elections approaching.According to a recent OAK BV update, funding ratios for Swiss pension funds improved at the end of June to 107.9% from 105.4% in April.Asga said that a forecast for the second half of 2020 is still dependent on many uncertain factors, with different countries that find themselves in different stages of the pandemic, for example.“The economic risks remain very high, although measures have been taken and implemented by countries and central banks,” Dänzer said.OAK BV said underfunding would likely rise by the end of this year as losses are expected for the main asset classes.To read the digital edition of IPE’s latest magazine click here. To achieve higher returns, a diversified portfolio comprising alternative assets and commodities “is even more important,” Bauer said, adding that “it would also help if pension funds could focus more on the long term instead of keeping the coverage ratio above 100% in the short term.”Asga Pensionskasse has tried to “optimise” its investment strategy before events such as the coronavirus crisis, to achieve an optimal risk-return ratio and to reduce risk through broad diversification, chief investment officer Andreas Dänzer told IPE.The pension fund tends to consistently align its investment portfolio with its strategy even in difficult market periods – it has “pre-analysed” current market scenarios and defined rules to adjust its portfolio to its investment strategy, it said.“We have implemented this aspect and will continue to follow it, thus we avoid pro-cyclical actions and we focus on the investment strategy as the most important driver for returns,” the CIO added.Asga’s investment approach takes into account the on-going low interest rate scenario. A review of long-term returns and risk expectations is also carried out regularly, Dänzer said. Swiss pension funds will need to pursue riskier investment strategies in a hunt for higher returns in a prolonged period of low interest rates and amid the consequences of the COVID-19 pandemic. “Hunting for yield is costlier and harder to do for pension funds, as for other investors,” Jackie Bauer, head of retirement and public policy research at UBS, told IPE.The occupational pension scheme Stiftung Auffangeinrichtung BVG said in a statement that negative interest rates cause long-term damage to savings – placing pension funds at a crossroads that may lead to making choices with uncertain outcomes, it said.“A specific savings target can only be achieved by taking higher risks, otherwise the savings target must be reduced or financed through higher savings contributions,” the institution added.last_img read more

Swansea tidal lagoon scores double at Planning Awards

first_imgThe design for the proposed Swansea Bay tidal lagoon project has been declared a winner in two separate categories of the Planning Awards.Tidal Lagoon Power, the developer behind the proposed Swansea Bay tidal lagoon scheme, won the award in the Infrastructure planning category.The Swansea tidal lagoon project also took home an award for sustainability, with both Tidal Lagoon Power and London-based consultancy LDA Design, carrying the nomination in this category.Alex Herbert, Tidal Lagoon Power’s Head of Consents, said: “These awards are testament to the outstanding professional planning work undertaken by our own team in partnership with LDA Design as our master planners.“They reinforce what we have always said: this iconic infrastructure project will transform the way in which we meet the UK’s future electricity demand and the relationship between power stations and the communities that host them.”The Swansea Bay tidal lagoon has a design life of 120 years, with an annual net power output of 400GWh.The lagoon will not only provide carbon-free energy, but will also include national sailing center, a new visitor center, maritime park, beach and saltwater marsh.The Planning Awards, organized by Planning magazine in conjunction with PlanningResource and PlacemakingResource, were held in London on June 21, 2017.last_img read more

Morne Prosper Ballers upset Canefield Tigers

first_imgMeanwhile games will continue tonight at the Lindo Park with a rare triple header starting at 5 pm featuring top players such as 7 footer Garth Joseph, Veteran Derek Alexander, former national players Junior Aisles, Johnny Alfred and current national players Shamal Tounge and Hakem Dangleben. Share NewsSports Morne Prosper Ballers upset Canefield Tigers by: – June 18, 2011 Share Tweet Sharing is caring! Game 1- In the Kubuli/Vitamalt Division saw the Morne Prosper Ballers winning their second game by upsetting the previously undefeated Maximum Building Supplies Tigers by a score of 43 points to 41 points in a low scoring game. The Ballers who took an early lead never relinquish and withstanding the pressure by the favored Tigers which saw the game go down to the final seconds , with Ballers celebrating their second victory and the Tigers left to wonder what happen. Top scoring for Ballers were Emile Cadeau 13 points and Lyndell Mayers 9 points while veteran Curtis John 13 points was supported by Henson Henderson with 10 points.center_img 23 Views   no discussions Game 2- The excitement continued in game 2 with a nail biting finish and deep breath of relief for the Gatorade Blazers with a victory over United Insurance Sharks. Blazers leading all through the game by as much as 12 points saw that lead diminish in the fourth quarter when star player Neverson Jnobaptist  for Sharks got his act together and poured in 13 points in the quarter to take the lead 80 points to 78 points with under 10 seconds to go. But the Sharks made the cardinal sin and started to celebrate and allowing the improving player Javed Joseph to catch a long pass to score and tie the game at 80 points and getting fouled with 2.7 seconds left. Making no mistake Javed sunk the free throw to take the lead and eventually victory 81 points to 80 points leaving a stunned Sharks team wondering what went wrong. Top scoring for Blazers were Lester Langlais 26 points, Felix Thomas 24 and Javed Joseph 17 points while Neverson JnoBaptist 25 points, Clem Nicholas 24 points and Royce Ceasar 15 points. Share Gatorade Blazers. Photo credit: Mickey JosephResults of Games Played in the Lime National Basketball League last night (Friday). Having blessed with some good weather last night the fans who brave the weather were treated to some exciting basketball in both the Premier Division and Kubuli/ Vitamalt Division 1. Also the Basketball Association will hold its second Trial game on Monday next week. Mickey Josephlast_img read more