Guest 710- Registered: 28 Feb 2011
- Posts: 6,950
Re:#3160...
Unthinkable? Bonuses for shop assistants, not bankers
"Six-figure bonuses scattered like shrapnel among lucky staff. No, not the trading floor on the 15th storey of some gleaming tower in Canary Wharf, but the shop floors of Sports Direct, the purveyors of cut-price trainers. Over 2,000 staff - working everywhere from stockrooms to cash tills - will enjoy a once-in-a-lifetime jackpot. Highly unusual; and yet research indicates that it is those in relatively routine occupations who should get bonuses - not the City's securitisation experts. Take a study for a branch of the US central bank, in which behavioural economists offered students cash to tap a keyboard as fast as they could, and also to add up numbers. The bonuses helped undergraduates tap those keys fast; but when it came to the arithmetic, the dollars made performance worse. "Tasks that involve only effort are likely to benefit from increased incentives," the economists concluded. "While for tasks that include a cognitive component, there seems to be a level of incentive beyond which further increases can have detrimental effects on performance." What such research indicates is that bonuses can spur on workers to do basic tasks, such as scanning in a pair of Speedos. They don't help that credit-derivatives saleswoman do her work to a higher standard. She may not agree, but as Upton Sinclair remarked: "It is difficult to get a man to understand something when his salary depends upon his not understanding it." And his words weren't inspired by a stock-option plan."
http://www.guardian.co.uk/commentisfree/2013/jul/19/unthinkable-bonuses-shop-assistants-editorialIgnorance is bliss, bliss is happiness, I am happy...to draw your attention to the possible connectivity in the foregoing.
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
don't know about a socialist legacy but the legacy of blue rule from 1979 to 1997 left a divided nation, nothing to boast about.
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
That's a laugh there Howard.
Are you suggesting that the country was any less divided before 1979?
It was a mess, industrial relations all built around 'them and us', Unions rampant destroying whole industries with restrictive working and strikes. That really was a divided nation - I remember in the late 70's being taken to a secret location for a meeting where action was planned 'in support of the civil power' to break a threatened general strike.
The fact that the country is less divided now than then is down to the success of the post-1979 Conservative government. The old trade unionists who loved their bullying ways of the 70's and socialists may resent what has happened but we are a better country as a result.
Guest 710- Registered: 28 Feb 2011
- Posts: 6,950
I agree totally Barry, the end of your nose is truely fascinating, why look any further.
Ignorance is bliss, bliss is happiness, I am happy...to draw your attention to the possible connectivity in the foregoing.
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
surely one of the main responsibilities of any government is to draw people together in a common cause rather then set them against each other?
one nation should not just be a headline grabbing cliche.
Keith Sansum1
- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
barryw the strike breaker
no surprize there
ALL POSTS ARE MY OWN PERSONAL VIEWS
Guest 716- Registered: 9 Jun 2011
- Posts: 4,010
Companies resist the Taxman`s call for £ 2 billion.
More than £ 2bn in unpaid tax remains to be collected from off-shore trusts
that companies `unlawfully`used to allow high-earning employees to minimise
their income tax according to HMRC..........bloody finance johnnies.............
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
not finance johnnies but certainly worthy of a mention on this thread.
http://www.bbc.co.uk/news/uk-england-devon-23416098Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
Tesco going outside the law again
planning dept oh dear another mess
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Guest 725- Registered: 7 Oct 2011
- Posts: 1,418
Reg is there no end to your talents? Economist, political commentator and copy and paste expert extraordinaire.
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
very talented geezer
ALL POSTS ARE MY OWN PERSONAL VIEWS
Guest 745- Registered: 27 Mar 2012
- Posts: 3,370
I wonder haw much of a kick back Osborn got from the big house builder to come up with the taxpayers funded mortgage guaranty scheme ??
This man is browns equal.
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
ok keith b
lets rely on the allowance grabbing UKIP lot
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Guest 745- Registered: 27 Mar 2012
- Posts: 3,370
It was labour and conservatives fiddling expenses!
Very Short memory Keith s ,Duck houses and all that stuff
Brian Dixon
- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940
kiethb,who are you calling a duck house.
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
best not to try to say that without your teeth in brian, people have been arrested for less.
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
Not forgotten the UKIP leaflet in Dover going to change the allowances sort them out it said,
did then when elected to KCC, no they didn't
not only did the ukip not reduce the allowances he wanted to increase his!!!!!!!!
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Guest 716- Registered: 9 Jun 2011
- Posts: 4,010
Sound like a bunch of elite greedy pigs and KCC is their first chance of having their nose in the trough........
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
no one from UKIP said yet this is not correct(not that they could as its on web cam)
sold out at the first opportunity!!!!!
ALL POSTS ARE MY OWN PERSONAL VIEWS
Guest 716- Registered: 9 Jun 2011
- Posts: 4,010
Philanthropic Ecclestone does it yet again......Finance johnnies again .....only the rich need them ......
the country can do with out both.............
Courtesy Independent .........
Exclusive: Formula One pays just £1million corporation tax on £300million profit
High-octane tax scheme adds urgency to calls for UK's 'broken tax code' to be fixed
The company that runs Formula One has used a complex technique to legally avoid paying
tens of millions of pounds in corporation tax despite racking up annual profits of £305m last yea
F1, which is run by billionaire Bernie Ecclestone, made a net contribution of £945,663 ($1,468,000)
in corporation tax in 2011 on revenues of £980m ($1.5bn) - even though the majority of its
commercial operations are based in the UK.
The company has been able to substantially reduce its tax liability by taking out loans from other
companies in the same group, as part of a complex arrangement with HM Revenue and
Customs (HMRC). The interest payable on these loans is tax deductible, reducing the
firm's taxable profits.
Details of money-spinning motorsport's tax arrangements have been disclosed in a prospectus
for the planned flotation of F1 on the Singapore stock exchange.
The Independent has also established that total corporation tax contribution from businesses
linked to F1 - including by F1 itself, the eight teams and the two engine manufacturers
headquartered in the UK, and the Silverstone circuit which hosts the British Grand Prix - was
just £1.9m in 2011 despite total revenues of £2.1bn.
An analysis for this newspaper shows that in 2011, the most recent year for which a complete set
of data is available, tax was only paid by two of the 12 F1-linked businesses.
