New executive remuneration laws give more power to shareholders

Executive pay remains a contentious issue for shareholders of organisations and the broader community.

Links can be drawn between the ‘Occupy Movement’ (which has sprung up in locations around the world, protesting social and economic inequality, corporate greed and corruption) and the substantial difference between the national average wage and what Key Management Personnel (KMP) are paid.

There is no shortage of examples where the public and shareholders have been at odds with Boards’ interpretation of fair pay.

Look at the recent pay rise of Alan Joyce, CEO of Qantas, which was questioned widely in the media and public circles. It practically coincided with the industrial dispute that cost the business millions.

Remuneration and an individual’s value to an organisation is determined by a complex interaction of factors.

HR Strategies for SMEs – Part 2

In my last blog I looked at essential HR strategies that can help SMEs to mitigate risk and strategies to help retain and motivate staff. I’ll now share some HR strategies to help SMEs entering the business growth phase.

HR Strategies for SMEs – Part 1

Although I’m sure there are plenty of HR consultants who will disagree with me, it’s not essential to have cutting edge and best practice HR initiatives in every business.

Every decision you make in business needs to have a commercial basis, and spending time (and money) on human resources will come at an opportunity cost.

You must decide what the right balance is for your business and make decisions that will yield the highest return on investment.

Techniques for Hiring the Right Executive

In a skills shortage, how do you compete with other organisations to attain the right candidate for your next critical hire?

Obviously you need to determine if the candidate has the right skills for the job. Interestingly, recent research also suggests that hiring the right attitude and providing a streamlined recruitment process is equally important.

Upward Bullying and Organisational Change

Workplace bullying is attracting increased attention as organisations realise its impact. Bullying affects the culture and morale of staff, and also the sustainability and productivity of an organisation.

Traditionally, bullying is perceived as a more senior person victimising a junior person.

However, have you considered that Managers can also be targeted and subjected to bullying behaviours in the workplace?

Eight Ingredients of Change – BNET podcast

With a changing economy and rapidly emerging technologies, change is an essential ingredient of business.

In this BNET podcast, Dom Del Borello talks to Phil Dobbie about how to influence change in business.

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