An Indian-origin employee of UK’s Royal Mail who had claimed that she was bullied by her boss has won a compensation of £2.4 million (₹25 crore). Kam Jhuti had alleged that her boss intimidated and harassed her after she raised concerns that a colleague secured their bonus illegitimately. This is …
Read More »RBC to hike pay 3 per cent for lower-paid employees as fight for talent intensifies
Royal Bank of Canada RY-T is raising base pay by 3 per cent for its lower-paid employees as part of a $200-million spending package that aims to fend off fierce competition for talent by improving salaries and benefits. The unusual increase takes effect on July 1, and applies to all …
Read More »‘Real potential’ for multi-employer CDC schemes in UK
There is “real potential” for collective defined contribution (CDC) schemes to take off in the UK through master trusts, according to Willis Towers Watson (WTW) director and senior consulting actuary, Shriti Jadav. Speaking at the Trades Union Conference (TUC) Pensions Conference, Jadav commented that while CDC schemes were likely to …
Read More »Job ads down by 47% in July | Coronavirus
HR Grapevine HR Grapevine | Executive Grapevine International Ltd Throughout the pandemic, the strain on business has been evident. From forced closures to staggered reopenings and stringent measures put in place for customers and staff alike, businesses have grappled with economic downturn and ever-changing regulations as a result of coronavirus …
Read More »RBC confirms Mississauga employee tests positive for coronavirus
Canada’s largest bank has confirmed an employee has tested positive for the coronavirus in its Mississauga office complex and has placed a quarantine on all employees working on the same floor as the individual. On Monday, Royal Bank of Canada internally confirmed that an RBC employee – who had been …
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