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Public sector pay and hiring intentions improve. While the most recent figures from the REC suggest that employment decisions are still being held back by uncertain, data from the CIPD suggests Brexit uncertainty has yet to take its toll on employers’ hiring expectations. Figures from the organisation’s Labour Market Outlook says both public and private sector employers are expecting to increase staff numbers in the final quarter of 2019. According to the organisation there has been a surge of confidence among public sector employers on increasing both pay and staff numbers in the next quarter. Although still positive, private sector pay award expectations have decreased, narrowing the gap between the public and private sector. Overall, employer confidence remains robust with... View Article
Data from global job search engine Jobrapido has found the majority of UK salaries (53 per cent) have suffered pay freezes or decreases over the past 12 months. Nearly a quarter of salaries (24 per cent) have frozen whilst nearly three in ten (29 per cent) have decreased. The research examined the salaries of more than 1.2 million jobs across more than 20 different industry sectors across the UK between the period of July 2018 to July 2019. Those falling victim to stagnant salaries included employees working in sales/personal care and a wide range of management occupations. Those working in education, training, business and financial operations as well as computing and mathematical occupations have suffered and taken less in their... View Article
As a new generation of students settle into university life, many will be prepared for years of hard work – not just studying, but part-time jobs. And for some, the employment can be as educational as the courses. Work experience certainly helped Hira Hanif overcome a rocky start to start a career that made her and her parents proud. The 29-year-old moved to the UK from Pakistan aged 12, and struggled with her English at school. She got E, F and G grades in her GCSEs, and she failed her A-levels, twice. She didn’t have the grades she needed to get to university – and instead had to spend two years sitting a vocational BTEC qualification first. Not wanting to... View Article
It’s been a long journey for travel firm Thomas Cook since its formation in rural Leicestershire during the early Victorian era. Founded in Market Harborough in 1841 by businessman Thomas Cook, the fledgling company organised railway outings for members of the local temperance movement. Some 178 years later, it had grown to a huge global travel group, with annual sales of £9bn, 19 million customers a year and 22,000 staff operating in 16 countries. Thomas Cook had a chequered history, including being nationalised in 1948 – when it became part of the state-owned British Railways – and owning the raucous Club 18-30 youth brand, which it recently closed after failing to find a buyer. However, just as the travel world... View Article
Insolvencies in year to the end of June 2019 increased by 25% – the highest since at least 2014. More than 1,400 UK restaurants collapsed in the year since June 2018 – underlining the scale of the so-called “casual dining crunch”, which has led to customers turning their backs on chains such as Byron, Strada, Gourmet Burger Kitchen and Jamie Oliver’s restaurant empire. The number of restaurants falling into insolvency in the year to the end of June 2019 increased by 25% to 1,412 compared to 2018, according to research by the accountancy firm UHY Hacker Young. It is the highest number of insolvencies since at least 2014 and is said to reflect tightened consumer spending on the back of... View Article
Chinese and Indian ethnic group workers have higher average earnings than their white British counterparts, the first detailed official figures show. But the data on the ethnicity pay gap, showed all other ethnic groups have lower wages than white British workers. The Office for National Statistics said employees in the Bangladeshi ethnic group have the largest pay gap, earning 20% less than white British employees. On average, ethnic minorities earn 3.8% less than white ethnic groups. The categories are the official ones used by ONS. In 2018, employees from the Chinese ethnic group earned 30.9% more than white British employees. Hugh Stickland, senior ONS analyst, said: “Overall, employees from certain ethnic groups such as Indian and Chinese, have higher average... View Article
New figures from the Department for International Trade show that investment in the UK by overseas firms has declined sharply in recent years. The number of new projects in the UK fell 14% in 2018-19. At the same time, there was a 24% fall in the number of jobs created. In the previous financial year, 75,968 new jobs were created. But in the financial year just ended, that number fell to 57,625, the lowest level for seven years. There was an even sharper drop in the number of existing jobs which have been secured by further investment in the UK. It would, however, be very difficult to realise that foreign direct investment in the UK was declining from the Department... View Article
The House of Commons has committed to increasing the representation of BAME (Black, Asian and Ethnic-Minority) people within its workforce and in Parliament more widely. Through a comprehensive Diversity and Inclusion Strategy it aims to tackle under-representation at senior levels in the House of Commons by 2022. As part of the strategy, it has committed to back the Pathway to Success Leadership and Development programme pilot, a ground-breaking new initiative working to equip BAME individuals with the tools and knowledge required to stand for political office. Participants will be selected based on their proven leadership skills and will undertake a week of intensive coaching to build their confidence and familiarity with political settings. The programme aims to send out the... View Article
Unemployment is 1,671,000, down 22,000 from last month’s published figure (quarterly headline down 20,000) and the unemployment rate is 5%, down 0.1 percentage points on last month and down 0.1 percentage points on last quarter. The number of claimant unemployed is 746,100, down 400 on last month, and the claimant rate is 2.2%. The number of workless young people (not in employment, full-time education or training) is 1,030,000, down 6,000 on the quarter, representing 14.3% of the youth population (no change on last quarter. Youth unemployment (including students) is 621,000, down 11,000 on the quarter. There are 2.2 unemployed people per vacancy. The employment rate is 74.2% (no change on last month’s published figure and up 0.1 percentage points in... View Article
By Stuart Dee In my role, I’m often asked why inclusion is so important and my answer is always the same: the success of any business depends on it. You wouldn’t be blamed for having a certain amount of cynicism about what motivates big corporations or financial institutions to demonstrate their commitment to diversity and inclusion but at RBS we have a sincerely-held belief that by putting the needs of our customers and colleagues at the heart of everything we do, we can create a bank where, as well as delivering high-quality service, everyone feels valued. It is something all leading businesses should do. The theory is simple, but putting it into practice and bringing about real cultural change takes... View Article