National Australia Bank has postponed Christmas parties to early next year across a slew of divisions as it struggles with technical problems, reports The Sydney Morning Herald. Rival Commonwealth Bank last month scrapped one of its holiday parties amid a political backlash over its big mortgage rate increases and the public outcry over CEO Ralph Norris' A$16.1 million (HK$125 million) pay package.
Employees will check work e-mails at home
Americans will take a break from the office over the Christmas holidays, but most won't stop checking their work e-mails, according to a Harris Interactive online survey of 2,179 adults conducted for Xobni. It found that 59 per cent of American employees will consult work e-mails over the holidays. Forty-one per cent said they were annoyed, frustrated or resentful over receiving work e-mails, but 19 per cent said they were "thankful" or "relieved" at having the distraction. Forty-two per cent of those who check work e-mails said staying up-to-date eases their workload when they return to the office. AFP
Bonus earners keen to buy London properties
London bankers and other financial services employees will spend about £1 billion (HK$12.3 billion) of their 2010 bonus money on homes in the English capital - 17 per cent less than last year, Savills said. Bonus earners typically account for half of the buyers of London homes costing more than £1 million. Bonuses for the 300,000 financial services workers in London are expected to total £7 billion before taxes, about 5 per cent less than last year, as companies have been slashing bonuses to weather the global financial crisis. Bloomberg