RE: CEO Bonus27 Mar 2015 02:47
It is also noteworthy that RSA have watered down their employee ShareBuild scheme massively reducing the incentive for staff to invest in their own company. RSA will now only match monthly ShareBuild purchases on a basis of 1:5 as opposed to the usual 1:1 offered by the majority of FTSE companies that operate the scheme. It is a real kick in the teeth for loyal employees who would have to hold onto the matching shares for 5 years to get the full benefit.
I expect the top executives will still keep their additional bonus benefits intact rather than have them reduced by such plundering.
They are also employing more and more people on these punitive temporary contracts at arms length via agencies, that act as the pseudo employer, treating the eager workforce like dirt with so many unfair working practices it is unbelievable.
"I have to be at my desk with my computer up and running, having read all my emails and work messages, ready to take a call at my exact starting time. I do not get paid for the preparation, and must take calls right up to the very second my session finishes, even though calls can take a minimum of 2-3minutes and can last for up to 30 minutes.
So ifI get a call 10seconds before my signing off time, I have to take it and finish it. I only get paid if it runs more than 8 minutes into my own time and I must contact my leader, before signing off to request the overtimact up to e to be logged, which is very difficult and time consuming to do in itself. So I end up getting away 20 minutes late with little chance of being paid"
Companies can extract up to an extra 10% unpaid work from employees via such sharp practices and do it without any qualms as "they" are not the employer, that role is undertaken by an "umbrella" company. There is no doubt, however, who lays down the rules of how the employees will be treated, but who hide behind this "umbrella" arrangement in order that they can maintain their reputation as a "Times Top 100, employer as rated by its (permanent) employees"
The way they operate is truly despicable!