April 2009
People Management;4/23/2009, Vol. 15 Issue 9, p9
The article presents the explanation given by Peter Harmer, chief executive of Aon UK, for the decision of the firm to cut its employee pension contribution. Harmer emphasizes that the decision is part of the efforts of the firm to cut cost and improve efficiency in line with the current recession. Harmer highlights the steps taken by some companies to reduce their fixed costs. Harmer explains how the lower standard employer contribution works for Aon employees.


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