June 10, 2014
Silicon Roundabout remains the UK’s foremost location for business startups
Research from accountants UHY Hacker Young has revealed the UK’s most popular postcodes for business start-ups. Silicon Roundabout is the most prolific area, generating 15,620 new businesses over the last year. London, unsurprisingly dominates the list with only three zones outside the capital making the top 20. Within London, Silicon Roundabout saw nearly five times as many businesses launched as Canary Wharf (3,180). The Borough, Bankside and Bermondsey areas, covered by the SE1 postcode, saw a rapid expansion in new business creation, with a 13 percent increase in new businesses, from 5,190 to 5,850 in the last year. Outside of London, Hove (BN3), came 10th marked out as a hub for outsourcing, tech and finance businesses, Leeds LS14 which came 12th and Warrington WA1 which both offer a large number of business and technology parks.
May 28, 2014
Money alone isn’t enough to attract and hold on to Gen Y employees
by Jessica Pryce-Jones • Comment, Flexible working, Workplace
The retention of Gen Y employees is key for all organisations. No organisation wants to invest in their next generation of management only to find that they leave, and someone new needs to be trained. But the 20-30 year old workers of Gen Y exhibit a new-found job mobility. Which makes for a ticking time-bomb of potential cost and disruption to their employers. The iOpener Institute has gathered and studied questionnaire responses from over 30,000 professionals across the world, gaining insights into how employers can retain their Gen Y talent. The research clearly shows that while pay and financial rewards are important to Gen Y (i.e. they are not prepared to be under-paid for their work), there is no significant correlation between increased levels of pay and greater talent retention.
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