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Showing results for tags 'incentive'.
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Lloyds Banking Group has been fined £28m for "serious failings" which rewarded sales staff with 'grand in your hand' bonuses, even when products they sold consumers were deemed unsuitable. The Financial Conduct Authority (FCA) said the penalty was the biggest it had imposed against a retail banking operation, which took in behaviour at Lloyds TSB, Bank of Scotland (BoS) and Halifax between 2010 and March 2012 - a period when it became clear that Lloyds was particularly exposed to the separate payment protection insurance mis-selling scandal. The regulator said the bonus schemes at the heart of its inquiry put pressure on sales staff to hit targets relating to investment products such as stocks and share Isas and insurance protection products. In one instance, an adviser was found to have sold insurance products to himself, his wife and a colleague to prevent himself being demoted. The FCA said the bonus schemes had worrying "higher risk" features, which offered the potential of an automatic promotion and pay rise or salary cuts of up to 50% if targets were not met. More: http://news.sky.com/story/1180688/lloyds-fined-28m-for-sales-incentive-scheme
Hi, I recently received a letter about having to go to an appointment with the 'employer adviser', something to do with Wage Incentive Week, for people who have been claiming JSA for 6 months or more, which apparently starts next week. It says I have to bring my CV with me. I was just wondering what this is likely to involve and is it mandatory? Thanks.
After spending ages finding my Birth Certificate i joined a few agencies in town, one of them gave me some work just 3 days later. I enjoy what i do, it's under 16 hours a week and gets me out of my flat for a while. I get between £50 and £55 a week doing this and have been signing on as usual and filling out the forms detailing what hours i've done, so they've no scaled my benefits down from £130ish a fortnight to just under £40 a fortnight, so basically they've taken the amount that i earn from my wages from my benefit...is that how it works? My council tax and housing benefit have been suspended for a while because of it, it's being delt with now, but is their any other financial help i can get as i feel as if i'm now working for nothing.