Clio Springer linked to an article in the Times which says employees of big banks are being denied credit card and other insurance that we call on when we lose our livelihoods during the recession.
Informing and Consulting Employees (ICE)
I’m a noobe in the UK but in 18 months here I have not come across any one who consults employees about the financial prospects of their organization as provided by ICE.
For those who aren’t familiar with these regulations, as I understand them, in a firm with more than 50 employees, if 15 employees request consultation, employers must provide it. That number drops to 10% at 150 employees and 2500 employees in the largest firms. The consultation is fairly extensive and includes the profit-and-loss account.
You are tagged – tell me about ICE, please!
There are all sorts of frivolous memes on the internet. This is a serious one.
British/UK HR practitioners –
- Which companies operate ICE consultations?
- Which unions insist upon ICE consultations?
- Do/did the banks offer ICE consulations and if not, why not?
Which firms consult their employees fully viz. their financial futures?