Staff’s portable targets help rail firm boost performance

first_imgStaff’s portable targets help rail firm boost performanceOn 6 Aug 2002 in Personnel Today Previous Article Next Article Comments are closed. Rail operator First Great Western has improved its performance afterintroducing a company-wide balanced scorecard which involves staff carryingaround their individual key targets. The train operator introduced the scheme in October last year because thecompany was under performing and suffering from poor morale after the HatfieldRail disaster in October 2000. Clare Hannah, head of HR at First Great Western, said the company introducedthe corporate scorecard – split in to five areas, safety, performance,customer, financial and people – to focus efforts to improve performance. To ensure employees know how their roles sit with these objectives, thefirm’s 2,500 staff carry around three targets that link into their team’s andthe company’s scorecard. For example, a team dispatcher’s targets would include making sure alltrains leave on time. Hannah said: “Morale fell because the company lostits strategic focus after the Hatfield rail disaster. It started to focus ongetting each day and hoping the next would not be as bad.” Following the introduction of the balanced scorecard, the company is now thesecond most punctual train operator in the country, with more than eight out of10 trains arriving within 10 minutes of the scheduled time – up from around 60per cent last summer. In May, it achieved its highest customer satisfaction score of 90 per centin two years. First Great Western is set to meet its people objective of increasingemployee commitment by 10 per cent to 70 per cent. Hannah believes the balanced scorecard approach has increased the importanceof HR to the organisation. “Employees need to know where the company is going and what their roleis. It has managed to get HR into boardroom thinking and has made thedepartment more prominent,” she said. By Paul Nelson Related posts:No related photos.last_img read more

Talent and Social Business: The promise and the challenges of Employer Branding

first_img “As some of you know I joined Flipkart with the designation of Director – Talent Branding. Many people after that have asked me what exactly is my role and what would I be doing.”Read full article Talent and Social Business: The promise and the challenges of Employer BrandingShared from missc on 15 Apr 2015 in Personnel Today Previous Article Next Article Related posts:No related photos. Comments are closed.last_img

The Rise of the #T-MOOC (Twitter MOOC) – India HR Chat | India HR Chat

first_imgRelated posts:No related photos. Previous Article Next Article The Rise of the #T-MOOC (Twitter MOOC) – India HR Chat | India HR ChatShared from missc on 16 Apr 2015 in Personnel Today “Massive open online courses (MOOCs) have gained tremendous popularity over the last couple of years. The New York Times dubbed 2012 -‘The Year of the MOOC,’ and it has since become one of the hottest topics in education. “Read full article Comments are closed.last_img

Cerberus raises nearly $3B for new real estate fund

first_img Tags Commercial Real Estatedistressed debtReal Estate Investment Email Address* Cerberus Global Investments President Lee MillsteinCerberus Capital Management has raised about $2.8 billion for a new real estate fund — exceeding its target of $2 billion.The fund, known as Cerberus Institutional Real Estate Partners, will focus on investing “opportunistically,” according to a release. That means looking at direct assets as well as entities with significant real estate exposure and debt, including non-performing or defaulted loans.The company did not give much detail about how it will invest this money or which assets or debt opportunities it is targeting. But its launch comes at a time when investors have yet to see the wide-scale distress opportunities that were predicted as a consequence of the pandemic. Apocalyptic projections about fire sales, meanwhile, have yet to come true.U.S. private equity funds had more than $250 billion to spend on commercial real estate loans as of March 23, according to Preqin. About $76 billion of that was earmarked for distressed debt.“There are market dislocations and macrotrends that are driving compelling opportunities across our broad platform,” Lee Millstein, president of Cerberus Global Investments and its global head of real estate, said in a statement.Cerberus is a prolific investor in non-performing loans, or loans that are in default. Since 1998, it’s invested approximately $21.3 billion in equity into nearly 250 non-performing loan transactions, according to its website.The company is also betting on logistics and industrial investments, one of the industry’s hottest sectors during the pandemic. An affiliate of Cerberus and Stonemont Financial Group recently formed a joint venture to acquire as much as $1 billion in industrial real estate.A Cerberus entity and Highgate also recently acquired six hospitality portfolios from Colony Capital, according to a news release. In total, the firm’s real estate platform manages about $26 billion in assets.Contact Keith Larsen Share via Shortlinkcenter_img Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlink Full Name* Message*last_img read more

Towards a more certain reconstruction of Gondwanaland

first_imgIn the absence of identified magnetic anomalies in the southernmost Atlantic and Indian Oceans, palaeomagnetic data provide the most precise test of the initial relative positions of East and West Gondwanaland, with an uncertainty of about 10°. Two models are presented which lie within this uncertainty, but which have very different consequences for the initial position of the Antarctic Peninsula and the evolution of the Weddell Sea. Consideration of these models and their evolution shows that, in turn, a combination of mid-Jurassic palaeomagnetic data from the Peninsula and knowledge of Weddell Sea magnetic lineations should indicate the initial relative positions of East and West Gondwanaland.last_img

Sr, O, and Pb isotope evidence for origin and evolution of Etive Igneous Complex, Scotland

first_imgA multi-isotope approach has been applied to the origin of one of the largest and latest Newer Granite complexes of the Scottish Caledonides. Contributions from both mantle and unexposed late Proterozoic lower continental crust are recognized, indicating that granite magmatism is a mechanism for both primary crustal growth and reworking of older crustal rocks.last_img

Profiling cryopreservation protocols for Ribes ciliatum using differential scanning calorimetry

first_imgDSC analysis was performed at three points in the cryopreservation process on encapsulated-dehydrated meristems of Ribes ciliatum. Meristems were excised from shoots pre-treated with either sucrose or glucose, encapsulated in alginate beads, dehydrated in sucrose solutions, air dried, and plunged in liquid nitrogen. Thermal analysis revealed glass transitions during cooling of air-desiccated meristems, however, on rewarming a small endothermic event was detected suggesting glass destabilization can occur. Interestingly, this did not occur in alginate beads or meristems when these components were cooled and rewarmed separately. The possibility exists that thermal and moisture gradients may arise within the alginate bead/tissue complex and we propose that the heterogeneous composition of the meristems and the surrounding alginate may promote ice nucleation on rewarming. The significance of this regarding the stabilization of glasses formed in alginate beads and their encapsulated meristems is discussed. This study also reports an approach to Ribes cryopreservation in which the pregrowth of shoots in 0.75M sucrose for 1 week can be used as a substitute for cold acclimation.last_img read more

Questioning orthodoxy. (Editorial).

first_imgRecently hearing Fred Singer from the USA lecture on what he perceives to be the uncritical ways in which global change has been attributed to anthropogenic effects reminded me of the importance we should attach to those who question our current beliefs. For Fred it was not sufficient that the IPCC had engaged many of the best scientific brains in the world to reach the existing consensus; they might all be wrong because the original question or assumption was wrong. Fred was strongly challenged by the audience of Antarctic scientists, not least because some of his quotations were selective in order to initiate discussion. And we know that there are areas of considerable weakness amongst the several proxies used to compute the rate of temperature change, that we have only poorly quantified and modelled the role of clouds, energy transfer between the oceans and atmosphere, water vapour as a greenhouse gas and that we have yet to be certain that the Global Climate Models really do have all the most significant driving variables. So the IPCC conclusions are drawn on the best available evidence with complementary patterns derived from several different approaches and constitute the best we can do at the moment.last_img read more

Arctic and Antarctic submarine gullies – a comparison of high latitude continental margins

first_imgSubmarine gullies are common features of high latitude continental slopes and, over the last decade, have been shown to play a key role in continental margin evolution, submarine erosion, downslope sediment transport, slope deposits, and the architecture of petroleum reservoirs. However, the processes that form these gullies, the timescales over which they develop, and the environmental controls influencing their morphology remain poorly constrained. We present the first systematic and comparative analysis between Arctic and Antarctic gullies with the aim of identifying differences in slope character, from which we infer differences in processes operating in these environments. Quantitative analysis of multibeam echosounder data along 2469 km of the continental shelf and upper slope and morphometric signatures of over 1450 gullies show that six geomorphically distinct gully types exist on high latitude continental margins. We identify distinct differences between Arctic and Antarctic gully morphologies. In the Arctic data sets, deep relief (> 30 m gully incision depth at 50 m below the shelf edge) and shelf-incising gullies are lacking. These differences have implications for the timescales over which the gullies were formed and for the magnitude of the flows that formed them. We consider two hypotheses for these differences: (1) some Antarctic gullies developed through several glacial cycles; and (2) larger Antarctic gullies were formed since the Last Glacial Maximum as a result of erosive flows (i.e., sediment-laden subglacial meltwater) being more abundant on parts of the Antarctic margin over longer timescales. A second difference is that unique gully signatures are observed on Arctic and on Antarctic margins. Environmental controls, such as the oceanographic regime and geotechnical differences, may lead to particular styles of gully erosion observed on Arctic and Antarctic margins.last_img read more

The Whole Antarctic Ocean Model (WAOM v1.0): Development and Evaluation [in review]

first_imgThe Regional Ocean Modeling System (ROMS), including an ice shelf component, has been applied on a circum-Antarctic domain to derive estimates of ice shelf basal melting. Significant improvements made compared to previous models of this scale are the inclusion of tides and a horizontal spatial resolution of 2 km, which is sufficient to resolve onshelf heat transport by bathymetric troughs and eddy scale circulation. We run the model with ocean-atmosphere-sea ice conditions from the year 2007, to represent nominal present day climate. We force the ocean surface with buoyancy fluxes derived from sea ice concentration observations and wind stress from ERA-Interim atmospheric reanalysis. At the northern boundaries ocean conditions are derived from the ECCO2 reanalysis and tides are incorporated as sea surface height and barotropic currents. The accuracy of tidal height signals close to the coast is comparable to those simulated from widely-used barotropic tide models, while off-shelf hydrography agrees well with the Southern Ocean State Estimate (SOSE) model. On the shelf, most details of ice shelf-ocean interaction are consistent with results from regional modelling and observational studies, although a paucity of observational data (particularly taken during 2007) prohibits a full verification. We conclude that our improved model is well suited to derive a new estimate of present day Antarctic ice shelf melting at high resolution and is able to quantify its sensitivity to tides.last_img read more