Incomes Data Services

Last updated
Incomes Data Services
Company type Subsidiary
IndustryEmployment information
Founded1966
DefunctMarch 31, 2015 (2015-03-31)
HeadquartersLondon, United Kingdom
Key people
David Layton, founder
Owner Thomson Reuters / Sweet & Maxwell
Number of employees
12
Website www.incomesdata.co.uk

Incomes Data Services (IDS) was a British research organisation dedicated to employment-related areas.

Contents

Acquired by Thomson Reuters in September 2005, it was dedicated to providing original research, analysis and training on pay benchmarking, pay settlements, HR policy and practice, pensions law and practice, and employment law. IDS published numerous journals and books, had several subscription websites, and undertook contract research. In December 2014, Thomson Reuters announced its decision to close the business effective 31 March 2015, discontinuing the pay and HR products.

The employment law products – namely IDS Employment Law Brief , IDS Employment Law Handbooks, and IDS Employment Law Cases – continue to be published by Thomson Reuters and are available online through the Westlaw service.

History

IDS was founded by David Layton [1] in 1966 with the aim of providing accurate and timely information which could be put to practical use by all those involved in determining pay, benefits and related employment policies in Britain. The company was the first to provide this information. As the employment law field became more complex, IDS launched more information services covering new areas.

IDS was acquired by Thomson-owned Sweet & Maxwell in September 2005. [2]

Related Research Articles

<span class="mw-page-title-main">ProQuest</span> Distributor of eBooks and digital media

ProQuest LLC is an Ann Arbor, Michigan-based global information-content and technology company, founded in 1938 as University Microfilms by Eugene Power.

<span class="mw-page-title-main">Paychex</span> American payment technology company

Paychex, Inc. is an American company that provides human resources, payroll, and employee benefits outsourcing services for small- to medium-sized businesses. Founded in 1971 and headquartered in Rochester, New York, the company has more than 100 offices serving approximately 740,000 payroll clients in the U.S. and Europe. Paychex is ranked 681st on the Fortune 500 list of largest corporations by revenue.

<span class="mw-page-title-main">Thomson Corporation</span> Information company

The Thomson Corporation was one of the world's largest information companies. It was established in 1989 following a merger between International Thomson Organization and Thomson Newspapers. In 2008, it purchased Reuters Group to form Thomson Reuters. The Thomson Corporation was active in financial services, healthcare sectors, law, science and technology research, as well as tax and accounting sectors. The company operated through five segments : Thomson Financial, Thomson Healthcare, Thomson Legal, Thomson Scientific and Thomson Tax & Accounting.

<span class="mw-page-title-main">Westlaw</span> Online legal research service

Westlaw is an online legal research service and proprietary database for lawyers and legal professionals available in over 60 countries. Information resources on Westlaw include more than 40,000 databases of case law, state and federal statutes, administrative codes, newspaper and magazine articles, public records, law journals, law reviews, treatises, legal forms and other information resources.

Sweet & Maxwell is a British publisher specialising in legal publications. It joined the Associated Book Publishers in 1969; ABP was purchased by the International Thomson Organization in 1987, and is now part of Thomson Reuters. Its British and Irish group includes W. Green in Scotland and Round Hall in Ireland.

Thomson Financial was an arm of the Thomson Corporation, an information provider. When the Thomson Corporation merged with Reuters to form Thomson Reuters in April 2008, Thomson Financial was merged with the business of Reuters to form the Markets Division of Thomson Reuters.

LexisNexis is an American data analytics company headquartered in New York, New York. Its products are various databases that are accessed through online portals, including portals for computer-assisted legal research (CALR), newspaper search, and consumer information. During the 1970s, LexisNexis began to make legal and journalistic documents more accessible electronically. As of 2006, the company had the world's largest electronic database for legal and public-records–related information. The company is a subsidiary of RELX.

Human resource management (HRM) is the strategic and coherent approach to the effective and efficient management of people in a company or organization such that they help their business gain a competitive advantage. It is designed to maximize employee performance in service of an employer's strategic objectives. Human resource management is primarily concerned with the management of people within organizations, focusing on policies and systems. HR departments are responsible for overseeing employee-benefits design, employee recruitment, training and development, performance appraisal, and reward management, such as managing pay and employee benefits systems. HR also concerns itself with organizational change and industrial relations, or the balancing of organizational practices with requirements arising from collective bargaining and governmental laws.

A data broker is an individual or company that specializes in collecting personal data or data about people, mostly from public records but sometimes sourced privately, and selling or licensing such information to third parties for a variety of uses. Sources, usually Internet-based since the 1990s, may include census and electoral roll records, social networking sites, court reports and purchase histories. The information from data brokers may be used in background checks used by employers and housing.

<span class="mw-page-title-main">Ameriprise Financial</span> American financial services company

Ameriprise Financial, Inc. is an American diversified financial services company and bank holding company based in Minneapolis, Minnesota. It provides financial planning products and services, including wealth management, asset management, insurance, annuities, and estate planning.

FindLaw is a business of Thomson Reuters that provides online legal information in the form of state laws, case law and codes, legal blogs and articles, a lawyer directory, DIY legal services and products, and other legal resources. The company also provides online marketing services for law firms. FindLaw was created by Stacy Stern, Martin Roscheisen, and Tim Stanley in 1995, and was acquired by Thomson West in 2001.

<span class="mw-page-title-main">Thomson Reuters</span> Canadian multinational information conglomerate

Thomson Reuters Corporation is a Canadian multinational information conglomerate. The company was founded in Toronto, Ontario, Canada and maintains its headquarters at 19 Duncan Street there.

<span class="mw-page-title-main">Credit CARD Act of 2009</span>

The Credit Card Accountability Responsibility and Disclosure (CARD) Act of 2009 is a federal statute passed by the United States Congress and signed by U.S. President Barack Obama on May 22, 2009. It is a comprehensive credit card reform legislation that aims "to establish fair and transparent practices relating to the extension of credit under an open end consumer credit plan, and for other purposes." The bill was passed with bipartisan support by both the House of Representatives and the Senate.

IDS Employment Law Brief is a twice-monthly journal that has been reporting on and explaining new employment legislation and cases since 1971. IDS Brief provides comment on employment law for legal and HR professionals, covering key cases in the courts and tribunals, and assessing the practical implications for organisations.

Thompson Media Group, LLC, originally established as Thompson Publishing Group, Inc. was founded in 1972 by Richard E. Thompson. Thompson Media Group is an American privately held media company that specializes in providing compliance, regulatory, and market information through its four operating units: Thompson Information Services, The Performance Institute & American Strategic Management Institute, AHC & BioWorld, and Sheshunoff Information Services, A.S. Pratt, & Alex Information. Thompson Media Group, LLC, is based in Washington, DC. Thompson Media Group LLC established their name during reorganization in 2011.

IDS Executive Compensation Review (ECR) is journal which has been reporting on all aspects of pay and practice for managers and professionals since 1981. ECR provides guidance on market trends for specific job functions, new ideas in reward strategy, and the latest benchmarking data for those higher up the managerial ladder. The journal is known for its research into directors’ pay in both the public and private sectors, as well as its findings on the latest bonus payments for managers and professionals. The service is used by HR professionals, consultants, trade unions, government and the media.

IDS Pay Report was a monthly journal providing research and analysis on pay and benefits across the UK economy. Ken Mulkearn, its last editor now edits Pay Climate a quarterly journal available from Incomes Data Research.

IDS HR in Practice is a subscription-based online service offering analysis and coverage of best practice in all major areas of HR. It features named case studies and benchmarking data on a wide range of employee benefits and allowances. The HR module of IDS Thomson Reuters, the service was launched in 2012 and is the successor to the fortnightly journal IDS HR Studies. A subscription to IDS HR in Practice includes access to the content of IDS HR Studies back to 2003.

The Hon. David Layton MBE was a British economist and industrial relations specialist who in 1966 founded Incomes Data Services.

<span class="mw-page-title-main">Clarivate</span> American analytics company

Clarivate Plc is a British-American publicly traded analytics company that operates a collection of subscription-based services, in the areas of bibliometrics and scientometrics; business / market intelligence, and competitive profiling for pharmacy and biotech, patents, and regulatory compliance; trademark protection, and domain and brand protection. In the academy and the scientific community, Clarivate is known for being the company that calculates the impact factor, using data from its Web of Science product family, that also includes services/applications such as Publons, EndNote, EndNote Click, and ScholarOne. Its other product families are Cortellis, DRG, CPA Global, Derwent, CompuMark, and Darts-ip, and also the various ProQuest products and services.

References

  1. "David Layton Obituary". 29 September 2009.
  2. "Sweet & Maxwell acquires Income Data Services. - Free Online Library".