Skills gap is bigger threat than Brexit: Talent shortages to hit UK economic growth, warn finance chiefs September 4, 2015 Top UK finance chiefs are more unnerved by their lack of access to talented labour than they are by the threat of Britain leaving the EU, the Bank of England hiking borrowing costs or even the abrupt slowdown in China that has sent shockwaves throughout global financial markets. Fear over dwindling access to skilled [...]
Blame lack of reform for Eurozone unemployment remaining so high September 3, 2015 We received good news on European unemployment this week. The total number unemployed in the Eurozone and across the EU has continued to fall. The Eurozone unemployment rate has dropped below 11 per cent for the first time since early 2012. And the overall EU jobless rate is down to 9.5 per cent, its [...]
The UK’s skills shortage is getting worse: It’s time for a shake up in the classroom and the boardroom September 3, 2015 There’s an elephant in the boardroom. According to a survey of the finance directors of many of the UK’s largest companies, it casts a greater shadow than China or Brexit or the hacking horrors of cyber attacks. It’s the new number one at the top of Britain's risk registers – the difficulty of recruiting [...]
Pizza Express bows to pressure on tips September 3, 2015 Pizza Express has bowed to growing pressure over its tipping system and agreed to remove the eight per cent administration fee it charges for customers paying their bill with card. The move, which workers and unions have been calling for over the last few months, means staff will receive the full amount left for [...]
UK economy: As the UK emerges from recession, the country’s small businesses are flexing their muscles September 3, 2015 There are now 4.5 million SMEs in the UK. They’re the beating heart of the country’s economy, and they have the potential to build a truly sustainable recovery. That’s a fact that’s in evidence today. Our latest research shows a 90 per cent increase since 2010 in the number of small businesses tapping into a [...]
Britain’s skills shortage: Train your temps – it’s a win-win for both business and employee September 3, 2015 A flexible workforce is key to 21st century businesses success. The UK economy has evolved since the recession and we have seen a new dynamism emerge emphasising employee flexibility. In fact, there has been a more than 20 per cent increase in the number of temporary workers in the past five years. Businesses know success [...]
Business sticks up for rise in zero-hour contracts September 3, 2015 Business groups have defended zero-hours contracts after official figures showed that the number of people on contracts with no guarantee of a minimum number of hours has increased by almost 20 per cent in the last year. According to the Office for National Statistics (ONS), the number of people on zero-hours contracts as their [...]
Living wage is set to boost women’s pay September 3, 2015 Three in every 10 female employees in the country are set to receive pay rises due to the new minimum wage for over-25s, according to a report out today by independent think-tank the Resolution Foundation. The measure, announced in July’s Budget, will initially be set at £7.20, 50p above the National Minimum Wage which [...]
National living wage: All businesses will end up paying it – but time is running out to reap the rewards of good publicity September 2, 2015 Another big name has increased pay and got the press coverage that it deserves. Oliver Bonas is the first high street retailer to commit paying its employees and third-party contractors the Living Wage. This is an optional rate (£9.15 an hour in London and £7.85 an hour elsewhere) set by the Living Wage Foundation. [...]
From average salary and a monthly travelcard to a meal for two: Here’s what it’s like to work in global financial centres London, New York, Hong Kong, Singapore and Tokyo September 2, 2015 London may be oft-cited as the world's top financial centre – but how what's it actually like to work in? And how does it compare with rival finance sectors? We've looked at the basic costs of city (or City) life – from the price of a monthly train ticket to rent; from the price of [...]