Search Results for: employment

Surge of turnover and employment growth in UK’s creative businesses

creativityThe Government has released new statistics that demonstrate the increasing importance of the creative sectors to the UK economy, although concerns remain about the UK’s creative skills base. The figures reveal that the overall turnover of creative businesses increased by just under 10 percent in 2012 and employment increased by 8.6 percent over the same period, more than any other sector. The creative industries are now worth more than £70 billion a year and employ 1.68 million people. While employment in the UK as a whole grew by 0.7 percent over the whole economy, jobs growth in the creative sector was 8.6 percent. There was also growth in export sales, up over 16 percent between 2009-11 and worth £15.5bn in 2011.

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Legal update – Employment Law changes ahead in 2014

Employment Law changes ahead in 2014

Some of the most hotly debated employment law issues from last year; including flexible working, workplace wellbeing and the contractual rights of employees look set to make more headlines this year, because 2014 is shaping up to be another year of significant change in UK employment law. While the timetable is subject to amendment, currently the Government is intending to introduce a number of revisions. The key employment law events and cases to watch out for in 2014 will include changes to TUPE, flexible working, flexible parental leave, employment tribunal procedures, redundancy consultation, Acas conciliation, calculation of holiday pay and post-employment victimisation;  which we list below in the date order in which they are proposed. More →

As economy picks up, change management is greatest employment challenge

As economy picks up, implementing change is greatest management challenge in coming year

The latest figures from the Office of National Statistics show that the unemployment has fallen to 7.6 per cent, its lowest rate in more than three years, and the signs are that employers can plan for the future with renewed confidence. In a poll conducted at the recent Chartered Management Institute’s National Annual Conference, 74 per cent of managers said market conditions for their business are currently more conductive for growth than they were last year. Their biggest management challenge in the coming year will be implementing change initiatives, with other priorities being: coordinating business development activities; getting the best performance out of their team; achieving results with fewer resources; internally promoting their department as a value-adding business partner; and managing and bringing through star performers.

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Bad management tolerated to a “shocking degree” say employment experts

Employers wouldn’t dream of appointing a person to a senior role for which they have no experience, yet in a new study nearly half admit individuals within their organisation have been promoted into a managerial role based on their performance record rather than people management or leadership skills. According to a report from the CIPD, 36 per cent of line managers have not received any training for their role, with any time for effective line management often squeezed or lost in favour of more immediate task oriented priorities. With 24 per cent of managers facing situations where they often have to put the interests of their organisation above the interests of team members, many might be left confused and aim for quick wins over the interests and wellbeing of team members. More →

Rise in number of temporary jobs as employment rates show modest increase

Rise in temporary jobs as employment rates show modest increase

The latest employment figures from the Office for National Statistics (ONS) reveal that unemployment fell by just 4,000 in the three months to June. At 7.8 per cent, the overall rate remains unchanged since the previous quarter. The figures don’t reveal how many people are working on temporary, rather than full time contracts. According to TUC data, UK workers are increasingly taking involuntary temporary jobs, with almost half of the rise in employment since 2010 being in temporary work. Today’s ONS figures also show that wages grew by 1.1 per cent over the past year, which, when bonuses are included meant wages grew by 2.1 per cent,  the highest annual growth since June 2011. But UK wages still lag behind those of EU workers. More →

UK employment recovery could take up to four years finds research

UK employment recovery doubts due to rising jobs gap

It will now be more than four years before the UK restores the employment rate of 2008 – and jobs recovery could take far longer. According to a new analysis from independent think tank the Resolution Foundation, it is now all but certain that the current jobs recovery will take longer than that following either the 1980s or 1990s recessions. The new findings are based on calculations of the UK ‘jobs gap’, the number of jobs the UK needs to create in order to restore the 2008 employment rate. The tough figures are explained partly by the UK’s ageing workforce, as a third of the current jobs gap is down to the growing share of the workforce aged over 64, which is growing twice as fast as the population aged 16-64. More →

Employment rates set to grow but applicants must battle for jobs

Employment rates set to growth but applicants must battle for jobs

Employment growth is set to continue in the second quarter of this year, but the jobs market remains a ‘battleground’, particularly for low-skilled workers. According to the Spring 2013 Chartered Institute of Personnel and Development (CIPD)/Success Factors Labour Market Outlook (LMO), the net employment balance – which measures the difference between the proportion of employers who expect to increase staffing levels and those who intend to reduce staffing levels, has increased to +9 from +5 for the previous quarter, the fifth consecutive quarter of projected growth. However, the median number of applicants employers receive for medium-skilled roles is 29, highly-skilled vacancies typically receive 10 applicants and pay rates continue to be squeezed.

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UK underemployment rates more accurate measure say economists

 Underemployment in the UK heightened by a fall real wages say economists

The current economic downturn differs from previous recessions in that unemployment rates haven’t been quite as devastating, with employers opting to freeze pay rates and offer flexible working and reduced hours in order to retain staff. But according to a white paper published today this has led to an important new phenomenon – underemployment. In the latest issue of the National Institute Economic Review, economists David Bell and David Blanchflower of the University of Stirling and Dartmouth College describe workers who are underemployed when they are willing to supply more hours of work than their employers are prepared to offer. More →

UK firms want to stay in EU but majority favour employment law changes

EU FlagA new report from the British Chambers of Commerce shows that while the majority of businesses still favour the UK’s ongoing membership of the European Union, the majority would like to see significant changes in certain key legislative areas including employment law, health and safety regulations and regional development. The EU Business Barometer from the BCC gathered responses from around 4,400 firms of all sizes and from a range of sectors and found that over half (54 per cent) wanted changes to employment law, a similar proportion wanted changes to Health and Safety laws (46 per cent) and a third changes to policies related to regional development.

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UK employment rises but pay rates are squeezed

pay squeeze

The UK employment rate is now higher than in the United States and is well above that in the Eurozone. However, pay levels remain low, with basic pay inflation now at just 1.3 per cent. According to the latest figures from the Office for National Statistics long-term unemployment fell by 15,000 this quarter to its lowest level for nearly a year. Nigel Meager, Director at the Institute for Employment Studies, commented: “The UK stands in contrast to developments in the Eurozone, where employment and unemployment figures are continuing to deteriorate.” More →

Flexible working bolstering employment growth in UK

Jobs

Employment will continue to grow in the first quarter of 2013, despite stalled economic growth. According to the latest Chartered Institute of Personnel and Development (CIPD)/SuccessFactors Labour Market Outlook the proportion of employers that intend to increase total staffing levels remains positive for the first quarter of 2013. Gerwyn Davies, Labour Market Adviser at the CIPD, said: “While muted pay growth is playing a part, we also see continued evidence that employers are reluctant to lay-off skilled workers.” He added: “Some employers are clearly using flexible working and reduced hours to adapt to trading conditions.” More →

Zumtobel create a consistent corporate identity with light

Zumtobel create a consistent corporate identity with light

Zumtobel The Zumtobel MIREL and PANOS infinity luminaires have been chosen for the latest FinTrU office refurbishment. A good brand provides a distinct experience and evokes emotion from its customers, which is why a business needs to care about branding all the way through to its interior spaces. Extending branding to the working environment helps staff and customers understand who the company is and what makes them unique. FinTrU, a multi-award-winning company specialising in the areas of KYC, Compliance, Legal, Risk & Controls, and Operations, works with Investment Banks around the globe designing technology-enabled solutions to help its clients meet their regulatory obligations. More →

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