Worldwide Offices
The most recent issue of The CA magazine contains an interesting article on the recent findings of The CA UK Salary Survey. It bases its findings on submissions by ICAS members who are all chartered accountants. As such, the pay scales may have little or nothing to do with many Vistage members but the survey is nonetheless fascinating particularly when it comes to the perks which are used to enhance employees’ rewards packages. In light of the recent storm over Stephen Hester’s bonus, it might not be a huge surprise to learn that 13% of the businesses who responded have frozen or scrapped bonuses in the last year. Perhaps more startling are the top three rising benefits trends. The ability to buy or sell annual leave is on the up as are the increased a
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Leading Economist Roger Martin-Fagg provides his latest Economic Update . Vistage members can access the economic update in full via Vistage Village, please find below an excerpt Where are we now in Europe? Europe continues its fudge and bodge, it continues to ignore the core problem which is that the Monetary Union just cannot work under the current framework. The Core Problem Under a system of freely floating exchange rates (the dollar and sterling are free floating, the Renminbi is not) the market on a continuous basis bases prices in a combination of factors. These are: the level of domestic interest rates, the inflation rate, the Government’s budget position, the balance of payments, in particular the current balance (this is the net of visible and in
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The average British CEO is "more optimistic" than their European equivalents about the future, according to new data.
Vistage members don’t need reminding how useful social media can be in building a business. Nonetheless, there is an interesting story out today about the way in which Edinburgh firm Morphsuits have used Facebook to grow a business from scratch to a turnover of more than £10 million in under three years. As Facebook gears up for a rumoured initial public offering later this year, the company has been keen to demonstrate its value to potential buyers. One way of doing this has been to commission a survey from Deloitte to quantify how much business Facebook generates in the UK. The report figures that the company has contributed £2.2 billion to the UK economy and that it suppor
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Vistage speaker Malcolm Smith held a negotiation workshop in September 2011 with Vistage Group 41 which draws its members from the Sussex and Kent area. Malcolm made a bold opening statement to the group at the workshop. By applying his negotiation tools and techniques the group in total would, in a short space of time, be able to save £250,000. Needless to say the members took this with a pinch of salt! In the last group meeting of 2011 it became clear that the members had not only reached this target in the space of three months, they had in fact achieved savings of around £400,000. What
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