Company strategy

Latest

Water companies set bonus targets below performance pledges

Water companies set bonus targets below performance pledges

Water companies have been called out for setting bonus targets below performance commitment levels. Ofwat’s annual assessment of performance-related pay (PRP) concludes that all companies need to improve the way that bonuses are calculated and awarded. It adds that in some cases targets used to calculate bonus payments for water company bosses were set below performance commitment levels outlined in PR19 final determinations “with no explanation as to why this was appropriate”.

2 years ago

Creating the virtuous circle: Why employee engagement is essential to customer satisfaction

2 years ago

Approval granted for Wessex’s £100m sewage plant expansion

2 years ago

Building relationships and collaboration through contracts

2 years ago

Ofgem warns suppliers over poor behaviour

2 years ago

UK battery storage firm Statera snapped up by Swedes

2 years ago

Using cloud computing? Here’s how to make your network cybersecure

2 years ago

Is OT the ‘soft underbelly’ of your company?

2 years ago

Latest PPM warrant backlash prompts call for further change

2 years ago

Minister promises hydrogen village decision before Xmas

2 years ago

Government awards £65m to green heating projects

2 years ago

Ofwat approves retail code changes

Water regulator Ofwat has approved changes to the wholesaler, retailer code that will simplify processes for business customer disconnections and tariff alteration requests. As part of work undertaken by MOSL, multiple similar approaches are to be streamlined to make it consistent for customers and trading parties.

2 years ago

Restoring trust in utilities using multi-channel comms: A guide

2 years ago

Thames Water to cut up to 300 jobs

Thames Water is preparing to axe up to 300 jobs. The staff affected will be from the retail and digital teams. It follows weeks of pay negotiations with trade unions including GMB, which described the planned redundancies as "abhorrent".

2 years ago

Government urged to introduce ’emergency energy tariff’

2 years ago

Scottish Water CEO: We must heed underinvestment lessons from England

2 years ago

Ofgem to introduce monitoring for price cap exempt tariffs

2 years ago

Everflow management acquires majority stake

2 years ago

Electricity North West launches £7m flexibility tender

2 years ago

London mayor commits £10m to cut dig disruption

2 years ago

Load More