Search Results for: salary

Firms scale back recruitment plans in wake of National Insurance hike

Firms scale back recruitment plans in wake of National Insurance hike

by • News, Workplace

Nearly half of all companies across the UK are scaling back recruitment plans because of the hike in employers’ National Insurance which comes into effect on April 6thNearly half of all companies across the UK are scaling back recruitment plans because of the hike in employers’ National Insurance which comes into effect on April 6th, according to a new poll by Reed. The survey found that 46 per cent of firms said that recruitment decisions would be impacted due to the tax increase, with many reporting that they were already not hiring or postponing recruitment. Reed say the findings demonstrate the negative impact the increase in employer’s NI is having on the labour market, which has already seen vacancies fall for a record period. (more…)

Young men and boys lagging behind female contemporaries in pay and other ways

Young men and boys lagging behind female contemporaries in pay and other ways

by • News, Wellbeing, Workplace

Young women are now consistently out-earning their male counterparts for the first time, according to a new report that warns of a growing crisis among young menYoung women are now consistently out-earning their male counterparts for the first time, according to a new report that warns of a growing crisis among young men. The Centre for Social Justice (CSJ) think tank has published findings showing that women aged 16 to 24 in both white-collar and blue-collar jobs are earning nearly 10 percent more than men of the same age. The report, titled Lost Boys, highlights how young men are falling behind in education and employment, with growing feelings of isolation and lack of purpose. (more…)

How employee benefits offer value for money

How employee benefits offer value for money

by • Company news, Workplace

Every pound spent on employee benefits is a pound that could boost your profits. That's why it's vital to ensure your benefits package aligns perfectly with what your employees need and valueIf you want to provide great employee benefits but are constrained by budget, there are some company perks that not only keep your employees happy, but can also provide serious value for money. Whether it’s leveraging tax-efficient Salary Sacrifice schemes or taking a more holistic approach such as flexible working, it’s definitely possible to offer great benefits while boosting your bottom line. (more…)

If you want to get ahead in your career, get in to the office, report argues

If you want to get ahead in your career, get in to the office, report argues

by • Flexible working, News, Workplace

Businesses are increasingly likely to prioritise workers willing to come into the office for pay rises and promotions, according to new researchBusinesses are increasingly likely to prioritise workers willing to come into the office for pay rises and promotions, according to a new poll from Reed Group. A year ago Reed.co.uk, which deals with over 30 million job applications a year, predicted that employers would increasingly mandate days in the office and would prioritise what it called the ‘in-person premium’. (more…)

Want to hold on to people? Pay them enough

Want to hold on to people? Pay them enough

by • News, Workplace

In spite of all the chatter about the so-called Great Resignation whether people decide to stay with an employer still largely depends on payIn spite of all the chatter about the so-called Great Resignation and Quiet Quitting, whether people decide to stay with or leave an employer still largely depends on whether they think they are paid enough. According to a new poll from SD Worx, pay remains the number one reason employees will stay with a company or leave. For the report, SD Worx surveyed 5,000 businesses and 18,000 employees in 18 countries across Europe, including the UK, France, Germany, Italy, Spain and Belgium. (more…)

US law firms make up two thirds of global law firm office leasing activity

US law firms make up two thirds of global law firm office leasing activity

by • News, Property

Together, US cities accounted for 69 percent of overall H1 law firm office leasing activity in the world’s largest legal marketsNew York accounted for a third of all leasing activity globally in the legal sector in the first half of 2024, says Savills, equating to over 1.4 million sq ft of space, out of a total of 4.3 million sq ft across the world’s 15 largest legal markets, reflecting its position as the world’s principal legal hub. Together, US cities accounted for 69 percent of overall H1 law firm office leasing activity in the world’s largest legal markets, reflecting the dominance of American firms in the sector overall, as well as the tendency for US legal offices to have a lower occupancy density and thereby requiring more space, according to Savills. (more…)

UK startups economy relies on high quality immigration

UK startups economy relies on high quality immigration

by • Business, News

A new report highlights the significant role that high-quality immigration plays in driving business growth and innovationNew data suggests that 39 percent of Britain’s top 100 fastest-growing companies were founded by individuals born outside the United Kingdom, even though immigrants make up less than 15 percent of the overall population. The research, conducted by think tank The Entrepreneurs Network and supported by Fragomen, highlights the significant role that high-quality immigration plays in driving business growth and innovation. Previous research from 2019 showed an even higher proportion, with 49 percent of Britain’s top 100 fastest-growing companies having a foreign-born founder.
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A large pay gap between business leaders and staff is bad news for businesses

A large pay gap between business leaders and staff is bad news for businesses

by • News, Workplace

Employees may be less productive and have more negative emotional experiences at work when there is a large pay gap between them and those in leadership rolesEmployees may be less productive and have more negative emotional experiences at work when there is a large pay gap between them and those in leadership roles, a new study shows. The ‘vertical pay gap’ between leaders and other employees has been found to have risen markedly over the past five decades. (more…)

Greece goes against the flow by opting for a six day working week

Greece goes against the flow by opting for a six day working week

by • News, Workplace

While countries around the world are exploring the idea of shorter work weeks, Greece has taken what many people may think is a surprising step in the opposite directionWhile countries around the world are exploring the idea of shorter work weeks, Greece has taken what many people may think is a surprising step in the opposite direction. In an effort to boost productivity, the country has implemented a mandatory six-day workweek for certain employees. (more…)

Younger people put far less emphasis on flexible working than older colleagues

Younger people put far less emphasis on flexible working than older colleagues

by • Flexible working, News

Demand for flexible working options surged during the pandemic but has since become less important to people, according to ADP Research Institute’s People at Work 2024: A Global Workforce ViewDemand for flexible working options surged during the pandemic but has since become less important to people, according to ADP Research Institute’s People at Work 2024: A Global Workforce View [registration]. Overall, the survey of  nearly 35,000 people in 18 countries suggests flexible working hours are important to 25 percent of workers, while 15 percent value flexible locations. Workers of all ages and in all regions rank flexibility of location below salary, job security, work enjoyment and career progression. In Europe, only 14 percent of respondents favour flexible location, a slightly smaller share than in Asia Pacific (15 percent), Latin America (15 percent), and North America (17 percent). (more…)

Creative ways to save money for your startup

Creative ways to save money for your startup

by • Company news

Starting a startup is exciting, but the hard reality of limited finances may rapidly dampen the excitement

Starting a startup is exciting, but the hard reality of limited finances may rapidly dampen the excitement. Being a founding member means that you are familiar with the difficult chore of running every penny to meet your needs.  However, suppose you could think creatively, that is, outside the box, and find unusual approaches to cutting costs without compromising development or quality. Bootstrapping genius is not only a requirement in today’s fast-paced startup scene, but also a mark of honour. (more…)

Two in five people say they aren’t paid enough to make ends meet

Two in five people say they aren’t paid enough to make ends meet

by • News, Workplace

A new report from Indeed, released two weeks ahead of the UK General Election, suggests that more than 2 in 5 (42 percent) Brits are struggling to make ends meet. According to the survey of over 2,000 British people, those in the North East of England feel most comfortable, with less than a third (32 percent) struggling, while almost half (48 percent) of those in Scotland say their pay isn’t keeping pace.  (more…)

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