January 4, 2019
CIPD highlights gap between ‘fat cat’ top earners and the rest of the workforce
Just three days into the New Year, today (Friday 4 January), the UK’s top bosses will have made more than a typical full-time worker will earn in the entire year, according to calculations from independent think tank the High Pay Centre and the CIPD. The average (median) full-time worker in the UK earns a gross annual salary of £29,574, while the average FTSE 100 CEO, on an average (median) pay packet of £3.9 million, only needs to work until 1pm on Friday 4 January 2019 to earn the same amount. The £3.9 million figure was calculated by the CIPD and the High Pay Centre in their 2018 analysis of top pay and it marks an 11% increase on the £3.5 million figure reported in their 2017 analysis. The pay increase means that FTSE 100 CEOs, working an average 12-hour day, will only need to work for 29 hours in 2019 to earn the average worker’s annual salary, two hours fewer than in 2018.
November 18, 2018
What The Midwich Cuckoos can teach us about Millennials
by Mark Eltringham • Comment, Workplace
John Wyndham’s 1957 novel The Midwich Cuckoos is the story of a fictional English village in which, following an unexplained event that causes everybody within Midwich to fall unconscious, all of the women in the village fall pregnant and 61 children are subsequently born all at the same time. The children bear absolutely no physical resemblance to their parents, with pale skin, blond hair and piercing eyes. As they grow older it also becomes apparent that they are strange, emotionless and have a telepathic bond with each other. It’s not much of a spoiler to tell you that things don’t go well. The only rationale for what had happened to create the children in the first place is an unexplained incident of xenogenesis – the birth of offspring unlike their parents. Something similar must have happened on a global scale from the beginning of the 1980s onwards, at least based on what we are told about Millennials.
More →