Register with Us
Search for a Job
Find Jobs in London
Find Jobs in Hertfordshire
Candidate Login
Your Feedback

Contact Us

London Office
tel: 020 7329 4044

Watford Office
tel: 01923 212444

No Placement No Fee

Our service doesn't cost you a penny unless we find you the right candidate
HR information 'should be included in new OFRs' PDF Print E-mail
User Rating: / 0
PoorBest 
Latest Recruitment News - HR and Recruitment Legislation News
Written by DirectNews Feed   
Thursday, 27 May 2010 00:00
HR information 'should be included in new OFRs'Newly-reinstated Operating and Financial Reviews (OFRs) must include more data than previous incarnations of the reports, experts have said today (May 27th).

It was announced earlier this week that the government is to bring back OFRs - which involve a company detailing how their company is being run in writing - in order to further enhance corporate accountability.

However, Personnel Today reports that many specialists feel that the new form of OFR must also include information on how the firm manages its human resources.

Some two years after being proposed by the previous Labour government, OFRs were scrapped in April 2005 after it was decided that they were not fulfilling their intended function.

The legislation was then reintroduced in January 2006 but on a voluntary basis whereby firms were not legally obliged to return them. This led to many companies opting out of completing them.

Nevertheless, the Conservative-Liberal Democrat coalition has now decided to bring OFRs back as they seek to make the country's business sector more transparent.

Posted by James Strang.
ADNFCR-3012-ID-19805166-ADNFCR
 

Add comment


Security code
Refresh

Latest Recruitment News

View all

Archive News

Latest Vacancies