Umeme Limited ( HY2017 Interim Report

first_imgUmeme Limited ( listed on the Uganda Securities Exchange under the Energy sector has released it’s 2017 interim results for the half year.For more information about Umeme Limited ( reports, abridged reports, interim earnings results and earnings presentations, visit the Umeme Limited ( company page on AfricanFinancials.Document: Umeme Limited (  2017 interim results for the half year.Company ProfileUmeme Limited supplies and distributes electricity in Uganda. It is the main electricity distribution company in the region; operating and maintaining a distribution network of some 31 790 kilometres of medium and low voltage electricity lines as well as providing after-sales services to its customers. Umeme Limited supplies electricity for domestic, commercial, industrial and public works usage, and is responsible for the purchase of electricity for Independent Power Producers. Umeme Limited is a subsidiary of Umeme Holdings; which is a subsidiary of Actis Infrastructure 2LP. Umeme Limited took over the supply and distribution of electricity in Uganda from UEDCL under a 20-year concession period. Umeme Limited is listed on the Uganda Securities Exchangelast_img read more

Africa Prudential Registrars Plc ( HY2018 Interim Report

first_imgAfrica Prudential Registrars Plc ( listed on the Nigerian Stock Exchange under the Financial sector has released it’s 2018 interim results for the half year.For more information about Africa Prudential Registrars Plc ( reports, abridged reports, interim earnings results and earnings presentations, visit the Africa Prudential Registrars Plc ( company page on AfricanFinancials.Document: Africa Prudential Registrars Plc (  2018 interim results for the half year.Company ProfileAfrica Prudential Registrars Plc is a financial services institution in Nigeria providing share registration services for investors, businesses and institutions. The company offers a range of other services which includes maintaining registers, paying dividends and interest on investments, issuing shares and debenture certificates, managing shareholder enquiries, managing scrip and right issues for clients as well as IPOs, Right Issues and State government bonds. Africa Prudential Registrars are leaders in the field of automation and have pioneered innovative solutions that have transformed how shares are managed on the African continent. The company’s head office is based in Lagos, Nigeria. Africa Prudential Registrars Plc is listed on the Nigerian Stock Exchangelast_img read more

2 FTSE shares I’d buy in an ISA in April

first_img2 FTSE shares I’d buy in an ISA in April I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. tezcang has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Tezcan Gecgil, PhD | Thursday, 2nd April, 2020 | More on: GNS SVT Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Britons need to use their 2019/20 ISA allowance before midnight on 5 April and many FTSE shares now trade at deep discounts due to the coronavirus pandemic. The decline gives ISA investors the chance to swoop in on some bargains. Today, I’d like to discuss two companies that may potentially be appropriate for Stocks and Shares ISAs.Safety in utilitiesFTSE 100 member Severn Trent (LSE: SVT) is one of the three listed water stocks in the UK. It serves almost 8m people. Management believes the group offers “a valuable combination of reliable earnings, long-term asset growth and an inflation-linked dividend”.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Following the recent market crash, most investors are sailing through choppy waters. Therefore April may be an appropriate time for many of us to review our portfolios to see whether they’re built to withstand a potential recession. If you believe we’re entering a period of economic contraction, you may want to add a defensive stock to your portfolio.SVT is one of the nine stocks that have been recently identified by analysts at Morgan Stanley as key picks in uncertain times. No matter how the economy fares in the near future, we’ll all need to use water and other utilities in our daily lives.On 31 March, Severn Trust issued a trading update. Management sees “no material change to current year business performance. We continue to expect the Group will deliver full-year trading performance in-line with previous guidance”. These words are likely to bring relief to its customers and shareholders alike.So far in 2020, this FTSE 100 stock is down about 11%. As I write, the price is hovering around 2,230p. The recent decline has pushed the dividend yield to about 4.2%. And the shares are expected to go ex-dividend next in June.Animal breeding and geneticsAnimal genetics company Genus (LSE: GNS) is a member of the FTSE 250 index. Its investment thesis centres around “improving the efficiency and sustainability of meat and milk production”. For example, the company owns a patent for commercialisation of pigs genetically edited to resist Porcine Reproductive and Respiratory Syndrome (PRRS). It’s also known as blue-ear disease and causes substantial losses for the global pig industry each year.National and global pork, beef and milk producers are its customers. It serves over 50,000 customers in over 70 countries. The business is both profitable and cash-generative.In February, this FTSE 250 group reported strong first-half results for the period to 31 December. Revenue came in at £271m and adjusted profit before tax was a record £30.4m.A notable highlight was porcine revenues, driven 15% higher thanks to restocking in China. This followed the decimation of pig herds from African swine fever. Asia is an important market for the company. Year-to-date, the GNS share price, which hovers around 3,250p, is almost flat. And its dividend yield is about 0.9%. I expect the company to keep growing its customer base and margins for the rest of the year.The bottom line on FTSE sharesUK residents over the age of 16 have a tax-free personal savings allowance of £20,000 which they can invest across various ISA accounts. The two shares featured here may not appeal to you, of course. And if you’re unsure about which industries or companies to concentrate on, a low-cost FTSE 100 or FTSE 250 tracker fund might also be appropriate.  “This Stock Could Be Like Buying Amazon in 1997”center_img See all posts by Tezcan Gecgil, PhD I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Simply click below to discover how you can take advantage of this. Enter Your Email Address Our 6 ‘Best Buys Now’ Shares Image source: Getty Images. last_img read more

Executive Council meets virtually to start discussing what a post-pandemic…

first_img Cathedral Dean Boise, ID Rector Albany, NY Press Release Service [Episcopal News Service] At a special virtual meeting of The Episcopal Church’s Executive Council on April 29, church leaders discussed some of the possible changes in store as the church prepares to “re-tool” in response to the COVID-19 pandemic.The brief, previously unscheduled meeting of Executive Council – called for by Presiding Bishop Michael Curry, House of Deputies President the Rev. Gay Clark Jennings and Council Secretary the Rev. Michael Barlowe – was held on Zoom in advance of the council’s regular June meeting, which was scheduled to take place in San Juan, Puerto Rico, but will now be held online.During his remarks, Curry praised the church for its swift and creative response to restrictions on in-person worship, as bishops and other church leaders navigated unprecedented legal, medical and theological dilemmas. Questions emerged about the logistics of the Eucharist – including canonical concerns about the availability of both the bread and wine and hypothetical scenarios like remote consecration – that required quick and thoughtful responses, and ministries like food pantries adapted their practices to the new reality on the fly.“I saw this church do what I wouldn’t have dreamed of, and I thank God for that,” Curry said, praising clergy for their ingenuity in pastoral care and remote Holy Week worship.“It wasn’t perfect and it wasn’t always pretty, but doggone it, this church kept the feast,” Curry said, echoing the message of encouragement he shared in his Word to the Church released the previous day.Officers of Executive Council, which is tasked with enacting the policies adopted by General Convention and meets at least three times per year, shared updates and discussed topics that the various committees would need to take into consideration before the June meeting. Among the possible changes discussed was a reorientation of the church’s operating budget to provide more support to dioceses. While council was assured that the church has enough funds to continue operating, the ongoing financial implications of the pandemic have forced the church to reevaluate how funds will be spent in the coming year.“We need to assess how we can transform our grant programs to support more fully the new realities that dioceses and congregations are facing and consider how we can provide relief to the dioceses that may soon be unable to pay their full assessments,” Jennings said in her remarks.Diocesan assessments (The Episcopal Church’s largest income source) are still coming in, said Treasurer and Chief Financial Officer Kurt Barnes. The Rev. Mally Lloyd, chair of the Joint Standing Committee on Finance, said dioceses have been assured that they will have some flexibility in paying their assessments, as they are able, but only two dioceses have so far requested relief. And the Diocese of Dallas, which had previously held off on paying its full assessment, has decided that it will do so for 2020 and future years.Other budgetary concerns discussed during the meeting included the need to examine grant applications in light of the pandemic. While previously approved grants are still being disbursed, Lloyd said it will be important to ensure that going forward they are not funding unsafe practices like large group gatherings or going to organizations that may have folded.Jennings and other members of council talked at length about the need for the church to address the systemic racism that has been illuminated and magnified by the pandemic, including much higher death rates from COVID-19 for African Americans against a pre-existing backdrop of widespread racial disparities in access to health care.And just as COVID-19 has exposed the race- and class-based fault lines in Americans’ physical health, the same has been true for financial health, Jennings told council. One of council’s priorities, she said, will be to ensure that it is not only the wealthy churches that survive the pandemic.“In order to emerge from this pandemic with a church that matters, I believe we have to keep the injustices and the systemic racism that the coronavirus has laid bare in a new way at the center of our conversation about who we will become,” Jennings said.Editor’s note: An earlier version of this story incorrectly stated that The Episcopal Church had received $3 million from the Payroll Protection Program. The church has applied for those funds but has not yet received a decision.– Egan Millard is an assistant editor and reporter for Episcopal News Service. He can be reached at [email protected] Rector Knoxville, TN Executive Council, Presiding Bishop Michael Curry, Youth Minister Lorton, VA Racial Justice & Reconciliation In-person Retreat: Thanksgiving Trinity Retreat Center (West Cornwall, CT) Nov. 24-28 Remember Holy Land Christians on Jerusalem Sunday, June 20 American Friends of the Episcopal Diocese of Jerusalem Executive Council meets virtually to start discussing what a post-pandemic church might look like Virtual Celebration of the Jerusalem Princess Basma Center Zoom Conversation June 19 @ 12 p.m. ET Rector Smithfield, NC Assistant/Associate Rector Washington, DC Rector Shreveport, LA Episcopal Migration Ministries’ Virtual Prayer Vigil for World Refugee Day Facebook Live Prayer Vigil June 20 @ 7 p.m. ET Ya no son extranjeros: Un diálogo acerca de inmigración Una conversación de Zoom June 22 @ 7 p.m. ET Episcopal Charities of the Diocese of New York Hires Reverend Kevin W. VanHook, II as Executive Director Episcopal Charities of the Diocese of New York By Egan MillardPosted Apr 30, 2020 Associate Rector Columbus, GA AddThis Sharing ButtonsShare to PrintFriendlyPrintFriendlyShare to FacebookFacebookShare to TwitterTwitterShare to EmailEmailShare to MoreAddThis New Berrigan Book With Episcopal Roots Cascade Books Rector Bath, NC Rector Tampa, FL An Evening with Presiding Bishop Curry and Iconographer Kelly Latimore Episcopal Migration Ministries via Zoom June 23 @ 6 p.m. ET Seminary of the Southwest announces appointment of two new full time faculty members Seminary of the Southwest The Church Pension Fund Invests $20 Million in Impact Investment Fund Designed to Preserve Workforce Housing Communities Nationwide Church Pension Group Featured Jobs & Calls Submit a Job Listing Tags Join the Episcopal Diocese of Texas in Celebrating the Pauli Murray Feast Online Worship Service June 27 Course Director Jerusalem, Israel center_img Family Ministry Coordinator Baton Rouge, LA Priest Associate or Director of Adult Ministries Greenville, SC Rector Pittsburgh, PA Rector and Chaplain Eugene, OR The Church Investment Group Commends the Taskforce on the Theology of Money on its report, The Theology of Money and Investing as Doing Theology Church Investment Group Director of Administration & Finance Atlanta, GA This Summer’s Anti-Racism Training Online Course (Diocese of New Jersey) June 18-July 16 Canon for Family Ministry Jackson, MS Rector Washington, DC Priest-in-Charge Lebanon, OH Associate Rector for Family Ministries Anchorage, AK Assistant/Associate Rector Morristown, NJ Curate (Associate & Priest-in-Charge) Traverse City, MI Assistant/Associate Priest Scottsdale, AZ Rector Hopkinsville, KY Rector (FT or PT) Indian River, MI Rector/Priest in Charge (PT) Lisbon, ME Missioner for Disaster Resilience Sacramento, CA Rector Martinsville, VA TryTank Experimental Lab and York St. John University of England Launch Survey to Study the Impact of Covid-19 on the Episcopal Church TryTank Experimental Lab Director of Music Morristown, NJ Featured Events Program Budget & Finance, Curate Diocese of Nebraska Associate Priest for Pastoral Care New York, NY Rector Collierville, TN Rector Belleville, IL Inaugural Diocesan Feast Day Celebrating Juneteenth San Francisco, CA (and livestream) June 19 @ 2 p.m. PT Submit an Event Listing Submit a Press Release Bishop Diocesan Springfield, IL last_img read more

Zika: What You Need to Know Now

first_imgShare on Facebook Tweet on Twitter What if I am Pregnant?  Or thinking about becoming Pregnant? Is it OK to travel to a country where cases of Zika have been reported?Until more is known, CDC recommends special precautions for pregnant women and women trying to become pregnant:Pregnant women should consider postponing travel to the areas where Zika virus transmission is ongoing.Pregnant women who do travel to one of these areas should talk to their doctor or other healthcare provider first and strictly follow steps to avoid mosquito bites during the trip.Women trying to become pregnant or who are thinking about becoming pregnant should consult with their healthcare provider before traveling to these areas and strictly follow steps to prevent mosquito bites during the trip.More information about Zika can be found here:  CDC: Zika Virus Information While there are no reported cases of locally transmitted Zika virus in the United States, at lease three people in Florida contracted the disease while traveling to South America. Mosquito season will be here soon.What is Zika?It’s a virus that is spread by the bite of an infected Aedes mosquito, which is common in Florida.How does it spread?If a Aedes mosquito bites an infected person, it can pick up the virus and transmit it to another person through another bite.What are the symptoms?According to the CDC only 1 in 5 people infected with Zika virus become ill (but all who are infected can transmit the disease through mosquito bites).The most common symptoms of Zika are fever, rash, joint pain, or conjunctivitis (red eyes). Other common symptoms include muscle pain and headache. The incubation period (the time from exposure to symptoms) for Zika virus disease is not known, but is likely to be a few days to a week.The illness is usually mild with symptoms lasting for several days to a week. Severe disease requiring hospitalization is uncommon. Deaths are rare.How is Zika treated?No vaccine or medications are available to prevent or treat Zika infections.  To treat the symptoms:Get plenty of restDrink fluids to prevent dehydrationTake medicine such as acetaminophen to relieve fever and painDo not take aspirin and other non-steroidal anti-inflammatory drugs (NSAIDs), like ibuprofen and naproxen. Aspirin and NSAIDs should be avoided until dengue can be ruled out to reduce the risk of hemorrhage (bleeding). If you are taking medicine for another medical condition, talk to your healthcare provider before taking additional medication.What to do Right Now?When traveling to countries where active Zika virus transmissions are known, CDC reccomends the following:Wear long-sleeved shirts and long pants.Stay in places with air conditioning or that use window and door screens to keep mosquitoes outside.Sleep under a mosquito bed net.Use an EPA-registered insect repellents. Always follow the product label instructions. Previous articleSala’s Hawaiian Slurp Shack Now OpenNext articleBarrington at Mirror Lake has New Owner Dale Fenwick RELATED ARTICLESMORE FROM AUTHOR UF/IFAS in Apopka will temporarily house District staff; saves almost $400,000 LEAVE A REPLY Cancel reply Please enter your name herecenter_img Florida gas prices jump 12 cents; most expensive since 2014 Please enter your comment! You have entered an incorrect email address! Please enter your email address here Gov. DeSantis says new moment-of-silence law in public schools protects religious freedom Save my name, email, and website in this browser for the next time I comment.last_img read more

Finlayson Street / Candalepas Associates

first_img Projects Save this picture!© Brett Boardman photography+ 19 Share Finlayson Street / Candalepas AssociatesSave this projectSaveFinlayson Street / Candalepas Associates Year:  Finlayson Street / Candalepas Associates “COPY” ShareFacebookTwitterPinterestWhatsappMailOr Clipboard ArchDaily Photographs:  Brett Boardman PhotographySave this picture!© Brett Boardman photographyRecommended ProductsWindowspanoramah!®ah!38 – FlexibilityFiber Cements / CementsApavisaTiles – Nanofusion 7.0WindowsVitrocsaMinimalist Window – SlidingWindowsJansenWindows – Janisol PrimoText description provided by the architects. The character of Lane Cove may be seen to involve an engagement with the landscape and greening of a suburb, with a subdivision pattern that resulted in individual houses on land blocks of a little less than 1000sqm. The surrounding topography of the site is one of small tree lined valleys rising to a higher ridge commercial precinct. The integration of the project into the local character has been an important consideration in the design of the project.Save this picture!© Brett Boardman photographyThe project pays specific attention to a number of immediate site features such as the trees to the north and south as well as the immediacy of the neighbouring properties. The development seeks to mould a building that sits tightly within these forms to produce a sense of intimacy without a loss in amenity.Save this picture!Ground Floor PlanThe plan of the building itself is simple. It is a “U” shape with clear serrations in each wall. These serrations create privacy, sunlight access and visual interest. The strategy underlying the design was first to harmonise with the landscape and topography of the site and then optimise the amenity for the units, while creating exciting and original facades.FormSave this picture!© Brett Boardman photographyThe project’s offering to the street i.e. its south elevation, includes a series of vertical forms that are around 4.5m in width. This modulates the façade whilst also seeking to generate a robust street wall. The façade is further detailed to include natural materials such as unpainted concrete and a series of timber shutters that are purpose designed for the development. A landscape setting of shorter trees in the site at Finlayson Street acts to moderate even further, the building height at the street. The façade to the north is both more articulated through significant stepping in plan as well as affording of a larger degree of openness than that of the south. This is in part to allow for the sunlight and daylight access as well as opening the living spaces to a more private domain.Save this picture!© Brett Boardman photographyThe project’s offering to the street includes a series of vertical forms that modulate the façade whilst also seeking to generate a robust street-wall. These screens, in their modular and operable design, provide for both a unit-scale to the facades as well as a changing tapestry of solid and void through the pattern of habitation.Save this picture!© Brett Boardman photographyThe material palette is one of both natural and robust materials with sympathy to the immediate natural surroundings. These include Australian hardwood timber, dry-pressed bricks and concrete. These materials were chosen for their innate low maintenance, robust characteristics as well as their aesthetic qualities; both immediate and as developed through the patina of age.Save this picture!© Brett Boardman photographyProject gallerySee allShow lessVietnam Pavilion – Milan Expo 2015 / VTN ArchitectsSelected ProjectsExhibition: STRAITEventProject locationAddress:3/9 Finlayson Street, Lane Cove NSW 2066, AustraliaLocation to be used only as a reference. It could indicate city/country but not exact address. Share “COPY” 2015center_img Year:  Apartments Photographs Australia Architects: Candalepas Associates Year Completion year of this architecture project CopyApartments•Lane Cove, Australia ShareFacebookTwitterPinterestWhatsappMailOr Clipboard 2015 CopyAbout this officeCandalepas AssociatesOfficeFollowProductsWoodConcreteBrick#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousingApartmentsLane CoveHousingResidentialAustraliaPublished on May 14, 2015Cite: “Finlayson Street / Candalepas Associates” 13 May 2015. ArchDaily. Accessed 11 Jun 2021. ISSN 0719-8884Read commentsBrowse the CatalogVentilated / Double Skin FacadeTechnowoodClick Façade SystemWindowsMitrexSolar WindowMetal PanelsAurubisOxidized Copper: Nordic BrownAcousticKvadrat AcousticsAcoustic Panel System in AMOREPACIFIC HeadquartersStonesCosentinoSilestone® Surfaces – Loft SeriesWoodLunawoodThermo Timber and Industrial ThermowoodLightsLouis PoulsenOutdoor Lighting – Flindt PlazaTiles / Mosaic / GresiteLove TilesPorcelain Tiles – NestAluminium CompositesMetawellAluminum Panels for Interior DesignMetallicsRHEINZINKZinc Roof Systems – Double Lock Standing SeamStoolsWilkhahnOffice Stool – Aline-SBulbs / Spots / Wall LightsUniosHorticultural Luminaire – Kobe FloMore products »Read commentsSave世界上最受欢迎的建筑网站现已推出你的母语版本!想浏览ArchDaily中国吗?是否翻译成中文现有为你所在地区特制的网站?想浏览ArchDaily中国吗?Take me there »✖You’ve started following your first account!Did you know?You’ll now receive updates based on what you follow! Personalize your stream and start following your favorite authors, offices and users.Go to my streamlast_img read more

FG’s Dr O’Reilly strongly against pension cuts – Party leader not saying

first_img Facebook Need for issues with Mica redress scheme to be addressed raised in Seanad also Twitter RELATED ARTICLESMORE FROM AUTHOR Minister McConalogue says he is working to improve fishing quota Previous articleNew group to promote business development in InishowenNext articleNominations close for Donegal SW by-election News Highland WhatsApp Newsx Adverts LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton FG’s Dr O’Reilly strongly against pension cuts – Party leader not saying Pinterest 70% of Cllrs nationwide threatened, harassed and intimidated over past 3 years – Report center_img Dail hears questions over design, funding and operation of Mica redress scheme Google+ Pinterest Fine Gael’s Health Spokesperson Dr James Reilly, has said he is strongly against any cuts to the pension in next months budget.His comments come a day after his party leader Enda Kenny refused to give any indication as to whether or not Fine Gael propose cutting the pension.Deputy Kenny said that his proposals will not be published ahead of the Donegal South West by-election.[podcast][/podcast]But speaking to Highland Radio News earlier today  Deputy Reilly was firm in his view:[podcast][/podcast] Google+ Almost 10,000 appointments cancelled in Saolta Hospital Group this week By News Highland – November 12, 2010 WhatsApp Facebook Twitterlast_img read more

Grand Canyon hiker died from suspected heat exposure: Park officials

first_imgSumikoPhoto/iStockBy MEREDITH DELISO, ABC News(NEW YORK) — A hiker who died at Grand Canyon National Park last week succumbed to suspected heat exposure, officials said.The victim was identified as Catherine Houe, 49, of Daly City, California. According to park officials, Houe, her husband and a friend were planning to spend the night at Phantom Ranch, a lodge inside the Grand Canyon. They had hiked about four miles down the South Kaibab Trail on Wednesday when Houe “became dizzy, disoriented, and then stopped breathing,” officials said.The Grand Canyon Regional Communications Center received a call about the incident a little after 5:30 p.m. local time. CPR was performed and the National Park Service personnel responded via helicopter.The cause of death is believed to be heat-related, park officials said. The high at Phantom Ranch that day was approximately 114 degrees, according to the officials.The National Park Service said it is investigating the incident with the Coconino County Medical Examiner’s Office.National Park Rangers are urging visitors to the Grand Canyon to be prepared for high temperatures in the coming weeks. Temperatures on the trails can reach over 120 degrees in the shade during the summer, officials said. Hiking in extreme heat can lead to heat exhaustion, heatstroke, hyponatremia and death.This is the first death reported by the National Park Service this year in the Grand Canyon, which closed on April 1 due to concerns over the coronavirus pandemic. It started partially reopening to visitors on May 15. Copyright © 2020, ABC Audio. All rights reserved.last_img read more

Forward-thinking HR should head off shareholder rebellion

first_img Previous Article Next Article As shareholders’ dissatisfaction with directors’ benefits grows, HR willneed to demonstrate a clear link between rewards and company performance if itis to throw off accusations of fat cat pay-offsThe furore on thesubject of executive pay and incentives has made this year’s AGM season highprofile. Companies in the spotlight for handing out fat cat pay have foundthemselves alienated from their shareholders and employees. The press has been keen to pin the blame for excessive incentive payments onremuneration committees and their advisers, but in most companies, the HRdirector will be a pivotal internal figure. The fat cat fuss is not going todiminish – in fact, it will increase significantly. It will become vitallyimportant for companies to ensure their future reward strategies add, ratherthan detract, value. This is the time for HR directors to make a significantimpact on their companies’ reputation and effectiveness. The HR director will have to deal with two major changes to the executivepay scene. The value of share options will hit companies’ profits and lossesand the new lifetime limit on pensions will prevent them from paying anythingfurther into some senior executives pension schemes. As a result, we shall witness growing shareholder dissatisfaction overexcessive executive pay; unfavourable reaction from other stakeholders –including employees; the staple parts of the executive pay package-options anddirect benefit pensions under threat; and the inevitable disclosure of everyaspect of executive reward. The chairman of one major company’s remuneration committee told me recentlythat in his experience, companies tend to deal with executive remuneration on apiecemeal basis “…tinkering each year to keep up or follow the latestfashion”. He said it is time to take an overall look at the whole issue. In many cases the problem lands in the HR director’s lap, and will do soincreasingly in the future. Does he or she see this as a threat or anopportunity? I believe the forward-thinking HR director will opt for the latterand use it as a catalyst to initiate some fundamental thinking. They should first consider that there would be little criticism for rewardsthat are clearly linked to performance. Therefore, companies must ensure thisis demonstrably so. Executives do not exist in isolation, and therefore theirrewards must have a general and total relationship to those of other employees.A reward programme should also be looked at as a whole, and the merits (orotherwise) of individual components such as base pay, incentives, shares orpensions need to re-evaluated. The need to change a pension deal because of the proposed lifetime limitwill give a once-in-a-lifetime opportunity to change the way packages arestructured. An increasing number of organisations are already instigating reviews of thefundamentals of their remuneration programmes, and are developing robust modelsto assist them in determining what is linked with, and what encourages, goodperformance. A compellingly attractive study shows performance is boosted when there is arelationship between total employee cost and shareholder value. The latterincreases employee reward and should maintain its share, while the growth inemployee reward is shared by directors and other staff. From these three factors the appropriate levels of reward and return can befairly established and all parties can sing from the same hymn sheet. Thechallenge now for the HR director, is to establish what is right for theircompany, and to win support from above and below for its implementation. Get it right and an organisation’s performance and reputation will grow. Getit wrong and…By Richard Cockman, Partner, Watson Wyatt Related posts:No related photos. Comments are closed. Forward-thinking HR should head off shareholder rebellionOn 3 Jun 2003 in Personnel Todaylast_img read more

Position Descriptions of Christmas Past

first_img Comments are closed. Are the multi-skilled, or the specialists among us, more future-proof & better equipped for organisational evolution?I believe there are two trains of thought on this. These days with organisations advocating agile or iterative processes, we have witnessed a shift in not just how we meet deadlines and time restraints but in our professional mentalities. Everything is quicker, processes more streamlined and we are always looking for ways to create new efficiencies as we all deal with ever changing goalposts on a day to day basis. With this we of course become more than just what our defined position descriptions would have meant 5 to 10 years ago and instead we must be broader skilled, dynamic, out-of-the-box problem solvers who have to turn our hands daily to tasks which historically wouldn’t have been ours.On the other hand, we have a growing trend of positions being broken up into several roles where in the past they may all have been taken care of by one position. An example of this could be the role of an internal recruiter. In years gone by, a recruiter would be responsible for the end to end process of finding candidates for any given role – engaging them, appropriately screening them, interviewing them, coordinating interviews with relevant hiring managers – and thereafter would also be responsible for “closing” or hiring. However these days, a large number of recruitment roles are broken up more distinctly into sourcing, recruiting and account managing.There is merit in both methods but I will be interested to see moving forward whether it is the specialist or the broader-skilled that demonstrates more staying power. Previous Article Next Article Related posts:No related photos.center_img Position Descriptions of Christmas PastShared from missc on 19 Dec 2014 in Personnel Today Read full article last_img read more