Most Brits don’t think they are paid ‘what they are worth’ but asking for a raise pays off October 21, 2021 Most people don’t believe they’re being paid what they think ‘they are worth’ to do their current jobs. And, perhaps unsurprisingly, the longer it’s been since they last received a pay rise, then the more inclined they are to feel this way. CIPHR polled 1,005 British adults to discover more about how employees perceive their [...]
Close to 4m low-income households across UK are in arrears with household bills October 21, 2021 Nearly 4m British households on low incomes are estimated to be in arrears with household bills, according to new figures published this morning. Around 950,000 are thought to be in rent arrears, 1.4m are behind on council tax bills and 1.4m are behind on electricity and gas bills, the Joseph Rowntree Foundation said. It looked [...]
Salary slaves: 2021’s best and worst paid industries and the UK’s fastest-growing sectors October 14, 2021 Earlier this week, City A.M. revealed private equity firms are prepared to pay junior staff with less than two years experience an average salary of more than £152,000, a jump of 52 per cent compared to two years ago. For those with two to four years of experience, an salary of around £181,000 has become [...]
Today: UK unemployment set to fall as rate hike bets increase October 12, 2021 European markets got off to a mixed start yesterday, while US markets, after initially looking in good shape, rolled over into the close to finish on the lows of the day. While investors want to believe the narrative that stock markets can continue to move higher, this belief is bumping up against the reality of how [...]
Two in three UK women say bias and discrimination hold them back from finding work October 8, 2021 A large majority of women across the UK, namely two in three women, believe that bias and discrimination hold them back from finding work, according to new research, shared with City A.M. this morning. More than two in five women worry that their gender is a barrier to finding a new job and 30 per [...]
Exclusive: London bearing the brunt of skills shortages, say city bosses October 7, 2021 The skilled labour shortage gripping the UK is being felt most acutely by London businesses, with seven in 10 executives saying their company has been affected. Despite promises of emergency visas and skills training from the Government, 22 per cent of London business leaders think the problem will be the biggest hurdle their company will [...]
One in four Brits actively hunting for a new job with work-life balance a priority October 5, 2021 Around a quarter of people are actively jobhunting, according to new research shared with City A.M. this morning. Three-quarters (75 per cent) of jobseekers reported they are more likely to consider working in a different industry following the coronavirus pandemic. A survey of 2,000 workers across the UK was carried out for jobs website Totaljobs, [...]
Return to work: Midweek-only office workers gain a new moniker October 4, 2021 Last Thursday was the busiest day for Farringdon, Canary Wharf, Bank and Monument stations since the pandemic began, as London’s commuters adjust to a new world of hybrid working Almost a hundred thousand people travelled through Bank and Monument stations. And since City workers were encouraged “back to school” from the beginning of September, footfall [...]
Reed exclusive: With half of Londoners looking for a new job, the ‘balance of power is shifting’ September 29, 2021 Six in ten Londoners are currently looking for their next challenge, recruitment giant Reed told City A.M. this afternoon. Chancery Lane-based Simon Wingate, managing director of Reed, shared the findings of a new survey that the company recently commissioned. It showed that over half of Londoners (52 per cent) are either actively looking for a [...]
More than half a million Brits over the age of 50 will lose furlough support tomorrow September 29, 2021 As the furlough scheme comes to an end tomorrow, concerns are being raised about the number of workers over the age of 50 who are still furloughed. More than 540,000 people in the age group were on furlough in August, accounting for 35 per cent of the total, according to research. Rest Less, which offers [...]