Government Will Reverse Mesothelioma Ruling
Government Will Reverse Mesothelioma Ruling
(PRWEB) June 27, 2006
The Lord Chancellor, Lord Falconer has announced changes to compensation laws which will mean victims of asbestos-related cancer will receive full compensation. The announcement follows the House of Lords ruling in Barker v Corus in May this year that prevented thousands of mesothelioma victims from receiving a full payout. The decision reduced the amount of compensation to which they were entitled when employers and their insurers were unavailable to be sued, as well as making the whole process of claiming compensation longer and more costly. In response The Lord Chancellor, Lord Falconer and John Hutton, the Work and Pensions Secretary, will amend the Compensation Bill – currently going through Parliament – to reverse the ruling. The amendment will mean that negligent employers will be jointly and severally liable and that claimants will be able to recover full compensation from any one employer.
Peter Williams, a partner in the Asbestos Claims Department at Field Fisher Waterhouse LLP, said:
“I am delighted the government has promptly indicated their intention to restore the rights of those suffering from mesothelioma to claim full compensation from any one employer.
“Whilst we do need to look at the detail and timing of the legislation we hope to be able to tell our clients and their families we can deal with their cases speedily and that they no longer face the prospect of losing large amounts of compensation through no fault of their own.”
About 1,900 people die in the UK each year from mesothelioma, a cancer of the lining of the lungs or abdomen, which is almost always caused by exposure to asbestos. Field Fisher Waterhouse LLP is one of the country’s leading asbestos disease claims firms. Over twenty-five years Rodney Nelson-Jones and his team have recovered nearly £100M in over 1,750 successful cases.
For more details or comment please contact:
Asbestos Claims Department of Field Fisher Waterhouse LLP.
Peter Williams (020 7861 4825)
Andrew Morgan (020 7861 4036)
info @ ffw.com
Field Fisher Waterhouse LLP
35 Vine Street
London
EC3N 2AA
United Kingdom
Tel 020 7861 4000
Fax 020 7488 0084
About Field Fisher Waterhouse LLP
FFW is a full service law firm based in the City of London. With 91 partners, over 180 other lawyers and over 250 support staff, we assist a wide range of domestic and international clients, with advice across a full range of commercial legal issues. Field Fisher Waterhouse LLP also houses one of the country’s leading personal injury practices.
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Find More Compensation Press Releases
New WorldatWork Publication Demystifies Executive Pay Understanding Executive Compensation: A Practical Guide for Decision Makers
New WorldatWork Publication Demystifies Executive Pay Understanding Executive Compensation: A Practical Guide for Decision Makers
Washington, DC (PRWEB) May 27, 2009
WorldatWork, a global association of human resources practitioners, has just published a new book to help demystify executive rewards. ”Understanding Executive Compensation: A Practical Guide for Decision Makers” was edited by Irving S. Becker and William M. Gerek of Hay Group.
While the media’s fascination with executive pay continues to fill headlines, compensation committees, legislators, regulators, labor leaders and other stakeholders are all participating in a wide-ranging debate on the pay programs of top executives. But the field of executive compensation can be quite complex, with various business, competitive, design and regulatory considerations involved.
“Understanding Executive Compensation: A Practical Guide for Decision Makers” is not about the controversies surrounding executive compensation today; rather, it focuses on the fundamentals of executive compensation design and explains them in non-technical, non-legal language. Although the book is written from a U.S. viewpoint, most of the topics and principles addressed are critical for any organization, regardless of location. The chapters of this 250-page book are grouped into three sections:
Part 1
“Executive Pay Design and Strategy” covers the basic components of pay – base salary, annual incentives, equity and non-equity long-term incentives. It also addresses peer group selection, performance measurement, competitive benchmarking, executive benefits, equity retention and employment agreements.
Part 2
“Governance and Compensation Committee Initiatives” provides an overview of executive compensation governance issues and discusses the tools compensation committees have at their disposal in overseeing executive compensation. Several chapters examine succession planning and board compensation.
Part 3
“Executive Compensation in Special Settings” tackles the compensation issues that arise in extraordinary situations, such as IPOs and mergers and acquisitions. Also included are chapters on executive and board compensation in not-for-profit organizations, as well as a chapter on international compensation.
Quotes:
“This book is a must read for every compensation committee member,” said Don B. Lindner, CCP, senior executive compensation practice leader, WorldatWork. “While there are many players involved in designing executive pay packages, ultimately, compensation committee members are responsible for reviewing and approving executive pay programs. Committee members provide the critical review to ensure that a plan does not promote excessive risk, and is aligned with a company’s business and talent retention strategy.”
“It is an unprecedented time for executive pay, and every component of the compensation program really needs to make sense relative to each company’s operating challenges and strategy,” said Irving S. Becker, National Practice Leader, Executive Compensation Practice, Hay Group. “In this book we have tried to help practitioners ensure that their programs establish a consistent and transparent connection between what executives realize in compensation and the value they create for their companies.”
“If we’ve learned anything from the last several months of executive compensation scrutiny, it’s that we must get back to the basics of executive pay programs,” said William M. Gerek, U.S. Regulatory Expertise Leader of Hay Group’s executive compensation practice. “Going forward, the focus should be on the ‘what’ and ‘how,’ not the ‘why.’”
Understanding Executive Compensation: A Practical Guide for Decision Makers” edited by Irving S. Becker and William M. Gerek of Hay Group. WorldatWork Press. 2009. Hardcover. ISBN: 9781579632007. $ 39.95 USD Premier Member/$ 45.00 USD Nonmember.
About WorldatWork®
The Total Rewards Association
WorldatWork is a global human resources association focused on compensation, benefits, work-life and integrated total rewards to attract, motivate and retain a talented workforce. Founded in 1955, WorldatWork provides a network of more than 30,000 members and professionals in 75 countries with training, certification, research, conferences and community. It has offices in Scottsdale, Arizona, and Washington, D.C.
About Hay Group
Hay Group is a global consulting firm that works with leaders to transform strategy into reality. We develop talent, organize people to be more effective, and motivate them to perform at their best. With 88 offices in 47 countries, we work with over 7,000 clients across the world. Our clients are from the private, public, and not-for-profit sectors, across every major industry and represent diverse business challenges. Our focus is on making change happen and helping people and organizations realize their potential.
This press release was distributed through eMediawire by Human Resources Marketer (HR Marketer: http://www.HRmarketer.com) on behalf of the company listed above.
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What does notice of filing of final accounts of trustee and of hearing on applications for compensation mean?
Question by gabe : What does notice of filing of final accounts of trustee and of hearing on applications for compensation mean? I filed for bankruptcy awhile back, and had already received my discharge. Then, today I received a “Notice of Filing of Final Accounts of Trustee and of Hearing of Applications for Compensation.” I would really appreciate it if someone can explain to me what this means. It sounds like I may get back the money that the bankruptcy trustee collected from me to pay back my creditors, since none of them made a claim to collect a portion of the funds that were collected from me, and that there will not be a hearing. It shows the funds that the trustee had collected from me, and then it shows “TOTAL DISBURSEMENTS: $ 0.00″ Thanks for your help in advance. Best answer: Add your own answer in the comments!
Workers Compensation Expert Says NY Times Articles Neglect the Other Victim–Employers Who Get Overcharged
Workers Compensation Expert Says NY Times Articles Neglect the Other Victim–Employers Who Get Overcharged
Brooklyn, NY (PRWEB) April 5, 2009
CEO of consulting firm Compensation Refund Co. says NY Times series on Workers Compensation overlooks victimized employers–who bear the brunt of Workers’ Compensation fraud and abuse. The firm recovers overpayments for employers who are routinely overcharged.
Mark Friedman, CEO of Compensation Refund Co. says “The Times paints a grim picture of fraud and abuse, but they overlook the other victim: The employers always lose. Whenever there’s a claim–legitimate or fraudulent–the employer gets stuck with inflated reserves the insurance companies set aside to cover costs. And claims are only a small part of the problem. As much as 40% to 60% of employers regularly get overcharged on their premiums because of claims experience modifications, miscalculations and more.”
Friedman adds that in today’s reformist society, there’s an anti-business undercurrent. So there’s little sympathy for corporations. But, says Friedman “It’s not just businesses who get hit. Many organizations, schools and hospitals struggling for funds are continually losing thousands of dollars to excessive overpayments. But that doesn’t make the front page.”
Compensation Refund Co. analyzes Workers Comp insurance premiums and audits the auditors. The errors and omissions they find lead to refunds for overcharges. “Injured workers and sleazy insurance operators always take the spotlight in news stories. They’re more fascinating than the stories of employers who struggle to pay the bills and get overcharged on their premiums,” says Friedman.
But Compensation Refund Co. is well-named. For it often delivers refunds of tens of thousands of dollars to the relief of employers who paid too much for Workers Compensation Insurance. Sometimes hundreds of thousands of dollars. And there is no charge for discovering if a refund is due.
For additional information on refunds for Workers Comp premium overcharges, visit http://www.ez1refund.com or call 1-877-EZ1-REFUND (1-877-391-7338).
About Compensation Refund Co.:
Compensation Refund Co. is a division of Compensation Consulting Services, Inc.–a team of experts in Workers Compensation Insurance.The company doesn’t sell insurance. They are consultants who analyze policies and recover past premium overcharges.
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Ricoh Deals with Compensation Management Growing Pains, Chooses HCR Software?s CompensationXL Product
Ricoh Deals with Compensation Management Growing Pains, Chooses HCR Software’s CompensationXL Product
Jacksonville, Florida (PRWEB) July 1, 2008
HCR Software, a best-of-breed supplier of compensation management solutions, today announced that Ricoh Americas Corporation has selected HCR’s CompensationXL Software to automate and upgrade
their compensation process. Ricoh’s compensation management procedures had always been labor intensive, but after Ricoh acquired Lanier Worldwide, labor intensive turned into near impossible. Said Doris Dorey, Ricoh’s Director, Compensation & HRIS: “We’d struggled with our manual Excel process, but when we suddenly went from 4,000 to 8,000 employees, it became unmanageable. We needed help.” Ricoh conducted a thorough review of products in the marketplace and settled onHCR Software’s CompensationXL Product.
Said Dorey of Ricoh’s choice: “CompensationXL was the most robust product we looked at. It allowed our managers to continue using excel spreadsheets that they were familiar with, accessed via a slick, user-friendly interface. Also by leveraging Excel, we felt that CompensationXL made it much simpler to maintain going forward.” Ricoh found that CompensationXL was the only product on the market that delivered the ability to automate Ricoh’s unique compensation culture and process efficiently. Ricoh believes that CompensationXL will allow them to achieve 100% of their objectives for a new compensation management system with minimal change management issues. Ricoh delivers outstanding customer value through innovative document solutions, efficient processes and exceptional customer service. And to do so, Ricoh understands that in the intense competition for talent, the ability to recognize and reward top performers is crucial.
Toward that end, Ricoh’s compensation professionals have toiled tirelessly for years to deliver quality, despite using a difficult and tedious manual process. The compensation spreadsheets were not the problem, but rather the intense administrative burden that surrounded them. This needed to be addressed not just for focal planning, but every month in the administration of their compensation plans. Ricoh is confident that CompensationXL will eliminate their comp issues, freeing HR to focus on strategic matters, while at the same time eliminating the training and support costs that usually surround the implementation of such pervasive systems.
“We spent way too much time on the administration process,” Dorey said. “Now we can plan to work on strategic compensation, and researching best practices in total rewards for our employees Ricoh is expecting other benefits from the project as well. Linda Crawford Ricoh’s Manager of Compensation had this to say: “We’re looking forward to having reports at our fingertips, not just the compensation department, but the managers too. CompensationXL will allow us to manage the entire process in real time, improve accuracy and help us with SOX Compliance.” While many vendors arguably spread themselves too thin pursuing the holy grail of integrated talent management, HCR continues to make inroads focusing strictly on compensation management. Says President and CEO Jamie Davis: “We think the key to our success in the market-place is that we focus on our strengths; listening to our clients and automating their unique compensation strategies. We are pleased to welcome Ricoh to our growing list of satisfied clients.
HCR Software Solutions was founded in 2006 by long-time HR services entrepreneur Mike Janis to automate the pay-for-performance strategies of medium to large organizations. HCR has developed a patent pending approach to automating unique compensation strategies.
CompensationXL leverages an organization’s existing forms and spreadsheets as the basis for configuring the software. The result of HCR’s approach is that managers find the software familiar and easy to use and the compensation department finds the software flexible
enough to support their unique needs. This revolutionary approach, which results in rapid implementation and return on investment has been embraced by leading companies such as HBO, Wendy’s, Panasonic, Grant Thornton and many others. To learn more about HCR Software, visit them on the web at http://www.hcrsoftware.com
This press release was distributed through eMediawire by Human Resources Marketer (HR Marketer: http://www.HRmarketer.com) on behalf of the company
listed above.
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