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Powerchex managing recruitment risk

ISSUE 40 DECEMBER 2008

www.powerchex.co.uk

Welcome to this month's Powerchex update:

Also in this issue

• It’s a topsy turvey world. Can ethics provide direction?
• Articles of interest
• FSA News
• Conferences & Events

Happy Holidays! December is the best month of the year, so forget the recession and cheer up!

We have some great news to share with you. Last week we won the 2008 NatWest Business of the Year Award and we also received a judges’ commendation in the innovation category for our graduate development programme (STARS). Thank you all for your support.

We are also very pleased that Sheena Bigland, has agreed to write for us again this month. Sheena is a brilliant author, a trained economist, a policy writer and generally a very remarkable lady. Her article this month looks at ethics from a very interesting angle and through the lens of the challenging times that we are all going through. Enjoy.


It’s a topsy turvey world. Can ethics provide direction?
By Sheena Bigland, Consultant


“May you live in interesting times” is, I believe, an old chinese curse. I do not know how interesting you judge recent events in world banking to have been but many commentators have called them “unprecedented” and are in little doubt that they presage bad times to come.

The old adage- what goes up must come down - teaches us that nothing continues unchanged over time. And bearing in mind that chickens always come home to roost should we not have been prepared for this turn of events? Easy to say now but when the good times were rolling a fear of missing the gravy train seems to have had a seductive effect. The boundaries of what was deemed acceptable became more and more stretched and less and less notice was given to the problems being stored up. Apparent freedom to do anything we want was over-ridden by a fear that we should do as everyone else or we might lose out. Sheep-like, keen to get on the bandwagon, many of us followed those who promised the earth, did not question what was happening and chose not to think about the consequences. If everyone is doing it, it must be OK. Right? Wrong.

Read this article in full


Sheena Bigland
 


About Sheena Bigland

Sheena started working life as an economist but, as she learned that people always determined events, she became more interested in what made people and how to enable people to give of their best. She chose to specialise in personal and corporate development after gaining broad experience across all aspects of HR including equal opportunities and diversity. Then a decision to apply change management theory for real in a frontline management role in Banking Supervision at the Bank of England led to her transfer to the FSA when it was set up.

read full biography

 

Articles of interest

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Pre‐employment Screening Company Powerchex Wins Business of the Year 2008
Press Release, 24 November 2008

Layoffs - The Definitive Job Loss League Table Update
HERE IS THE CITY NEWS, 21 November 2008

Probably The Most Wicked Piece Of Wall Street Humor Yet
HERE IS THE CITY NEWS, 19 November 2008

Conflict in the Workplace
HERE IS THE CITY NEWS, 18 November 2008

Economy Promises to Fuel Résumé Fraud
The Wall Street Journal, 17 November 2008

The secret credit agency
guardian.co.uk, 15 November 2008

Prepare for more information access requests businesses told
shoosmiths, 11 November 2008

IT contractors left out in the cold by the credit crunch
Press Release, 7 November 2008

Government departments lose £4.3m to staff fraud
Personneltoday.com, 4 November 2008

Iran minister sacked over forgery
BBC.co.uk, 4 November 2008

Thirty organisations are under ICO investigation over data breaches
out-law.com, 29 October 2008

Employee fraud rises as credit crunch hits
Personneltoday.com, 1 September 2008

Dean resigns for role in granting unearned degree
Pittsburgh Tribune-Review, 19 August 2008

FSA News

View more articles


The Financial Services Authority (FSA) welcomed the work done by the Financial Services Skills Council (FSSC) on setting and raising standards, following the publication today of the FSSC guidance on good practice for training and competence (T&C) schemes, ‘T&C Standards and Good Practice Guidance’.

Dan Waters, director of retail policy and conduct risk at the FSA, said:

“Whilst the FSSC’s good practice guidance on firms’ T&C schemes is not guidance confirmed by the FSA, we welcome the continued work of the FSSC and other bodies in the financial services industry in setting and raising standards. The competence of firms' staff has a direct effect on the quality of consumer outcomes, and the effective way that the FSSC sets the appropriate examination standards which underpin our competence requirements benefits the entire market."

http://www.fssc.org.uk

Bonus Schemes in 2009
http://www.mayerbrown.com/publications/article.asp?id=5824&nid=6

FSA Final Notice
http://www.fsa.gov.uk/pubs/final/sindicatum.pdf

Conferences & Events

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The FSA has said, "Once an employee has attained competence, a firm must ensure that the employee remains competent ... It is important that training to maintain competence is effective and purposeful".

Conference and events from CIFAS:

CIFAS Data Security Seminar with Field Fisher Waterhouse
CIFAS Office, London, 10 December 2008

CIFAS Two-Day Conference and Exhibition: Raising Performance in a Changing Fraud Landscape
The Belfry, West Midlands, 18-19 March 2009

For more information for the above events, please contact: dean.bove@cifas.org.uk

Organisational Restructuring
JSB Training and Development, London, 2 - 3 December 2008

Annual HR Planner
Field Fisher Waterhouse, London, 21 January 2009

Mitigating People Risk: Applying Theory to Practice
Securities & Investment Institute, London, 24 February 2009

The Role of HR in Mergers and Acquisitions
JSB Training and Development, London, 25-26 February 2009

Challenging Conversations - how to handle them effectively
HDA, London, 26 February 2009

Awards

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tel: 0870 710 3000 / 0207 767 2400 email: info@powerchex.co.uk

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