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It’s a good idea to start walking in the office…

Do you sit at a desk when you’re at work?

If you do, how long do you spend sat there before you get up to move around?

blog-walking-in-office-275x275If you sit at your desk and work on your computer without moving around then I’ve for some unfortunate news for you because a sedentary lifestyle where you sit at your desk without moving around is bad for you.

Researchers at the University of Utah examined the health, exercise and nutrition records of over 3,000 Americans over a 3 year period and on average they spent 34 minutes sitting or lying down per hour whilst working.

Ignoring the question as to what were they doing lying down it will come as no surprise that the more time they spent on sedentary activities the more likely they were to die during the study.

Swapping sitting with standing up appeared to make no difference to the risk of death but what did make a difference was replacing 2 minutes sitting with 2 minutes of walking around

2 minutes of walking around per hour instead of sitting down reduced the risk of death by 33%.

So, the trick is to make sure you walk around for a couple of minutes an hour whilst at the office.

Of course, if those 2 minutes are spent walking to the vending machine to stock up on crisps and chocolate to eat at your desk there may not be that much of a benefit…

Should you be able to get this benefit at work?

How much do you get paid? My guess is it’s not as much as the chief executive of WPP.

Sir Martin Sorrell (pictured) is chief executive of the advertising business WPP and his annual pay has just been revealed in the company’s annual report.

blog-sirmartinsorrell4-275x275His total pay was £42.98 million. In case you think that’s a typo – it’s not. He received nearly £43 million in pay.

As well as being the chief executive, Martin Sorrell is the founder of the company.

The company has grown significantly since it was founded in 1985 and it is now quoted and part of the FTSE 100 (the largest 100 companies on the London stock market).

As a result of being quoted there are numerous corporate governance requirements which need to take place. One of these is the disclosure of the directors’ remuneration policy in the published accounts. 

Following the publishing of his remuneration package in the accounts it became apparent that one element of his package was very unusual.

Included within his remuneration package of $43 million is a payment to him in respect of his wife’s travel expenses. Now his wife’s travel expenses which were paid by his employer were pretty significant and definitely amounted to more than the occasional taxi journey. In fact, they amounted to £274,000!

That’s not a bad amount for travel expenses is it?

So, should you suggest to your boss at your next salary review that you should receive a travel allowance for your husband or wife?

My guess is that if you do, the response to your request would be fairly brief and probably include a rude word or two…

This is one way to lose your job…

Let’s be honest now. Have you ever played around on the Internet whilst at work?

Most of us will probably have had a quick look at websites such as Facebook or news sites but it’s worth bearing in mind that most organisations have a policy which restricts looking at non-work related websites.

dog with computer2Some people will mistakenly think that if they delete the browser history it will remove all traces of what sites have been visited but the IT savvy people amongst you will realise that the history is stored on servers.

Three judges in the UK obviously didn’t realise their browsing history would be tracked and following an investigation they were fired as they had been viewing pornographic websites on court computers.

The court cases they were presiding over obviously weren’t exciting enough and they took matters into their own hands to liven up their days by viewing adult websites on the court computers.

One of the judges who was fired was called Timothy Bowles. In a bizarre coincidence there is in fact another judge in the UK with the same name.

You have to feel sorry for the innocent one of the two.

Imagine the scene, the innocent Timothy Bowles is sat at work when word goes around amongst his colleagues that Timothy Bowles has lost his job because he was looking at porn during working hours.

A frantic clarification was issued by the Judicial Conduct Investigations Office stating “that District Judge Timothy (Paul) Bowles who sat at Romford County Court and has been removed from office should not be mistaken for the High Court Chancery Master Timothy (John) Bowles. There is no connection between the two.”

So, in conclusion three judges have lost their job due to watching pornography on court computers.

There is an important lesson to be learnt from all of this and that is, if you’re going to look at pornographic websites in the office it’s best to do so using a colleague’s computer rather than your own…

Dividends – do you want them in cash or clothes?

Despite being one of the best known names on the retail market, Marks & Spencer is unusual.

Finland - M&S Helsinki Event Zone 3M&S is unusual in that it has got a very high proportion of individual shareholders.

Whilst a lot of other companies have major corporate shareholders such as pension and investment funds, M&S has over 190,000 private investors who between them hold 30% of the shares.

M&S has just announced an extremely novel idea involving these individual shareholders and their next dividend payment. The individual shareholders will be offered the chance to exchange their dividends for M&S vouchers at a 10% discount. In other words, they can exchange a dividend of £900 for M&S vouchers of £1,000.

That’s a very nice idea.

It’s optional and not compulsory so if individual shareholders still want to receive the dividend in cash they can.

Shareholders however who are interested in buying items from M&S get more for their money and from M&S’s point of view, given that their gross profit margin is more than 10%, they will still be making a profit on items that they sell to holders of these vouchers.

All in all a very innovative idea which works well for all parties.

Will we see this idea spreading to other companies when considering their dividend payments?

Would you like to do this at lunchtime?

What do you normally do at lunchtime?

Do you grab a bite to eat and head back to your desk to continue working (or at least pretend to work whilst playing on the internet)?

cat in the officeDo you grab some fresh air outside the office to recharge your batteries?

A recent initiative between the app based taxi service Uber and an animal rescue organisation has resulted in what I think would be a fantastic way to spend your lunch break and also to recharge your batteries.

You can get a kitten delivered to your office for 15 minutes between midday and 4 pm.

Yes, a real live cute fluffy kitten!

What a great way to de-stress the office – adorable kittens arrive for 15 minutes of playtime in the office.

The kitten visit costs approximately £20 and they can be ordered vie Uber’s app. All the proceeds go to the animal rescue centre.

Everyone here in the office was getting excited when they heard the news but sadly the service isn’t currently available in the UK (at the moment it is only available in Australia and America).

I think it’s a brilliant idea though – it can help de-stress the office, the cat’s rescue centre gets additional revenue and if you happen to fall in love with the kitten the kitten may well find it’s new “forever home” rather than have to stay at the cat’s rescue centre.

It also has an added benefit if you happen to dislike a colleague in your office who is allergic to cats…

Your phone – a communication or translation device?

English is often considered to be the international language of business.

Whilst you’re (or is that your?) not expected to speak 100% perfect English to pass your professional exams you are however expected to be able to understand English to such a level that you can effectively communicate business concepts to other business professionals around the world.

professional examsThe global professional bodies such as ACCA and CIMA are certainly international. ACCA for example has over 162,000 members and 428,000 students in 173 countries and it’s a fair guess that the majority of ACCA students and members speak another language other than English as their first language.

Whilst the number of English speakers in the world has been steadily increasing there is an interesting debate as to whether technology will result in fewer people speaking English and instead other languages taking off.

Most of us have heard of or used Google translate which translates written text from one language to another on the internet but Skype has recently announced a novel approach to translation.

Skype offers VOIP (Voice Over Internet Protocol) calls and enables people to speak to each other free of charge over the internet.

They have just announced a beta version (a test version) of Skype which will provide near instantaneous VOICE translation between Spanish and English.

In other words, I can call a Spanish friend who doesn’t speak English, I speak in English on Skype and my Spanish friend will hear the words in Spanish rather than English.

Ignoring the question of how we became friends if neither of us speaks the other person’s language, this is a pretty impressive bit of technology.

Whilst it is still very much a test version and a lot of the initial calls may well be translating English and Spanish swear words, there are some interesting potential uses in the not too distant future.

Will we for example all have our own mini voice translation device with us in 10 years which will enable us to understand 50 different languages (or swear in 50 different languages)?

Will some lesser spoken languages become more popular than they are now?

Only time will tell or should that be only technology will tell?

Financial Trader to Football Manager.

It’s nearly the end of January and the New Year celebrations feel as though they were a long time ago.

In a lot of countries it’s traditional to make New Year’s Resolutions to change a certain area of your life.

The vast majority of resolutions though get broken by the end of January (anyone that goes to a gym will know that it is generally a lot busier in January than it is in July!).

financial coachingAs well as getting fit, other popular resolutions are to lose weight and (occasionally) to study harder towards the professional exams.

Some people have getting a new job as a New Year Resolution and one person who has made a very successful (and certainly very unusual) career change is Mark Warburton.

Mark has a financial background and worked as a financial trader in the City of London. As well as being good with figures he also had a love of football. This love of football resulted in him deciding to leave his well paid job in the City back in the early 2000s and to obtain his football coaching qualifications.

He took a 90% pay cut (yes, 90%!) but it’s paid off in the long terms as he has worked his way up the football career path and is now manager of Brentford who are currently in the playoff position in the Championship hoping for promotion to the Premier League.

If Brentford are successful in getting promotion to the Premier League then Mr Warburton would have successfully made the transition from analysing financial spreadsheets to analysing the tactics of his competing Premier League managers such as Jose Mourinho and Manuel Pellegrini.

Of course, anyone who follows football will know that football management is a tough job and the long term career prospects aren’t always that good. At the moment though things are going well for Mr Warburton and we wish him all the best.

How much does a Big 4 partner earn?

Different types of organisations have different rules regarding the disclosure of pay details of senior executives.

If you are a director of a quoted company in the UK, details of your remuneration package must be shown in the published annual report.

big 4 salaryIf you’re a partner in a professional services firm on the other hand then there isn’t such a disclosure requirement.

A recent report called Cheques and the City (a great play on names and would sound familiar to those of you who are fans of the American television sitcom starring Sarah Jessica Parker) by the High Pay Centre has provided more information about the leading Accounting and Law firms in the UK.

The report is an interesting read and some of the points raised are:

– approximately 1,400 of the 4,500 equity partners from the Big 4 and the 5 leading law firms were paid over £1m in the UK last year (there are roughly 11,000 people in the UK with incomes of more than £1m so this means that 13% of the individuals in the UK with income greater than £1m were from the top accounting and law firms).

– The senior partners at PwC, Deloitte and KPMG were each paid £3.6m, £2.7m and £2.4m respectively last year (there was no news on how much the senior partner of EY received last year but I think it’s safe to say he should have enough money to buy a coffee on the way to the office).

– The Big 4 are responsible for auditing 99% of the FTSE 100 and 96% of the FTSE 350 (the largest 100 and 350 quoted companies in the UK).

– The type of work undertaken by each of the Big 4 was as follows (figures shown are £m):

Big 4 revenue share

 

For those of you good with figures you’ll notice from the above table that KPMG is far ahead of the others in terms of the proportion of consulting work they undertake compared to audit and tax work (more than 50% of KPMG’s revenue was from consulting compared to just over 20% at PwC).

The Cheques and the City report can be found here.

Who needs champagne for a celebration?

Gin and tonic is a drink that has caused a number of hangovers over the years but for two individuals it is going to make them very wealthy.

tonic waterGin is often credited with being a traditional English drink but the first recorded date for the production of gin was actually in the Netherlands in the 17th Century.

One of the key ingredients of tonic water is quinine.

Quinine is said to have many medicinal purposes and was first discovered by local tribes in Peru and Bolivia. Some people claim that quinine has medicinal purposes which helps various ailments including malaria.

The bringing together of gin and tonic happened in the early 1800s when British army officers in India were using quinine in an anti-malarial capacity and decided to hide the bitter quinine taste by mixing it with tonic water and then hiding the taste even further by adding gin.

The drink “gin and tonic” then came into existence.

Fast forward to 2005 and the company Fever Tree which was set up by Charles Rolls and Tim Warrillow produced their first bottle of upmarket tonic water.

Fever Tree tonic water has been selling very well since then and the company is now being quoted on the AIM (AIM is the Alternative Investment Market which is a sub-market of the London Stock Exchange and allows smaller companies to float shares with a more flexible regulatory system than is applicable to the main market).

The Fever Tree company has been valued at £154 million. That’s not a bad valuation for a company that’s selling tonic water.

There will no doubt be happy faces at the company and the success of the flotation will be toasted by a glass or two of champagne. Or should that be a glass or two of gin and tonics?

This idea by Levis is certainly a good fit.

The first pair of blue jeans to be made in the world were made by Levi Strauss in 1873.

levi jeansSince then, the company Levi Strauss has gone on to sell millions of pairs of jeans and their turnover last year was $4.6 billion.

Interestingly the shares of the company are not publicly traded as the company is a private company owned by the descendants of the family of Levi Strauss.

As well as being a company with an 141 year history it is also leading the way in terms of the ethical treatment of its suppliers.

It has recently announced that it will start offering low-cost working capital to its suppliers who meet certain environmental, labour and safety standards.

It was announced that the company will provide loans with progressively lower interest rates to those of its 550 suppliers who perform well in terms of their environmental and safety standards.

This is an admirable move by the company.

Their suppliers are often from developing markets such as Bangladesh and to encourage their suppliers to adhere to better ethical conditions they will provide loans to them at interest rates that get lower the better the suppliers perform in terms of their environmental and safety standards.

A great idea and will we see other companies introducing similar schemes to encourage ethical approaches to their supply chain?