Virgin staff on parental leave get year’s pay up to 100 per cent of basic salary June 7, 2015 Sir Richard Branson’s Virgin will offer staff who take shared parental leave after the birth of their child up to a full year’s pay, under new policies announced today by the fitness-to-financial services giant. The government introduced new rights in April allowing parents to share up to 50 weeks of leave and 37 weeks of [...]
BCC downgrades UK’s 2015 growth forecast – but predicts earnings are set to rise June 5, 2015 The British Chambers of Commerce has downgraded its UK growth forecast for 2015, following weaker than expected growth at the start of the year. The BCC's forecast for UK GDP was revised downwards from 2.7 per cent to 2.3 per cent. However, the business group said that, despite the downgrade, it expected the slowdown to [...]
Wages in London grow faster than in the rest of the country June 4, 2015 Wages in the capital are increasing faster than they have in nearly a year, according to a new survey out today. The survey, carried out by the Recruitment & Employment Confederation and KPMG, found that wages for permanent employees in London increased for the twenty-fourth successive month in May, marking an uninterrupted, two-year trend of successive [...]
Goldman Sachs’ support staff lead salary and bonus rankings again June 3, 2015 BACK office bankers are best paid at Goldman Sachs, according to a study of salaries and bonuses in the sector from Emolument.com. Staff in support functions at the prestigious investment bank receive an average salary of £87,000 with an average bonus of £38,000, taking total pay up to £125,000. The next biggest bonuses is at BNP [...]
Britain’s jobs market has taken off and wages are starting to rise – are young workers benefiting? June 3, 2015 It is not easy moving from school to the office. It has always been a difficult jump, and in the financial crisis, some found it impossible. Witness the surge in youth unemployment in the financial crisis, soaring from 12 per cent at the start of 2008 to 20.2 per cent in early 2011, for [...]
Job interview turn-offs and turn-ons: How to get that dream job – and what you should avoid June 3, 2015 If you've ever used bad language in a job interview, or gone in and asked if it was OK to eat fast food while being grilled for your dream job, you appear to have made it to legend status. These two incidents are among five of the most memorable things to happen during recent [...]
City set for a decade of job growth as finance and technology hiring to soar in London June 2, 2015 Booming finance and technology hiring will help create 145,000 new jobs in central London over the next decade in a sustained bounce-back from the financial crisis, according to a study out today from the City of London Corporation. The Square Mile can expect an additional 39,000 workers, with the remainder created across the other central [...]
Why your highest-paid workers are the least reliable during the summer June 2, 2015 When the sun comes out next week, keep an eye on your top executives – it turns out they're the ones who are most likely to award themselves a cheeky couple of hours off, new research has shown. The study, by business-to-business market place Approved Index, shows that of those earning the highest salaries – £50,000 [...]
Cambridge, Guildford and Reading: These are the UK cities where getting a job is easiest June 1, 2015 If you want to play the odds when going for a job, you might want to focus on some of the major satellite cities around London. The cities with the highest number of jobs per applicant were found in the south of England. Cambridge had just 0.11 jobseekers per vacancy, while Guildford had 0.15. People living [...]
Professional hiring on the up as salaries in engineering and finance rise May 31, 2015 Finance and accounting staff are in growing demand as Britain’s economic recovery takes off, recruiters at the Association of Professional Staffing Companies (APSCO) revealed today. The number of vacancies for professionals on recruiters’ books is up 16 per cent on the year, with finance and accounting positions up 11 per cent. Salaries for new finance [...]