Tags: Budgets

The Budget: comments from the community (part 2)

In the first part of this community comments article we looked at how HR will be affected by changes to pensions in this week’s Budget announcement by Chancellor of the Exchequer George Osborne. Employment Chris Jones, Chief Executive of City & Guilds, said: “The budget had a common theme – job creation. From investment in…

Budget 2015: Employers and recruiters concerned about lack of focus on education?

George Osbourne delivered an encouraging message for UK businesses in his final Budget before the general election this May, but there is concern over the lack of focus on education and skills. The Chancellor began his address in the House of Commons by championing the burgeoning health of the UK labour market, illustrated primarily by…

39% of UK HR practitioners cannot manage their own HR budget

An ESRC funded research project has revealed that HR practitioners are weakest at finance and data analysis, and strongest at keeping up with HR best practice. The study asked a representative sample of nine hundred and eighty three members of the Hong Kong Institute of Human Resource Management (HKIHRM) and the Chartered Institute of Personnel…

What the HR world thinks of the Budget

TUC General Secretary Frances O’Grady This was a pre-election Budget, with its give-aways aimed at the better off rather than lifting the living standards of the many. It will be paid for by further years of austerity, public services brought to near collapse, public sector pay cuts and a welfare cap that bites into the safety…

Budget may encourage more use of flexible working options, says Nikki Duncan of Michelmores

In his penultimate budget prior to the General Election, the Chancellor will undoubtedly be looking to implement measures to further accelerate the economic recovery, and job creation; already both ahead of target. In terms of taxation, this may lead to further NIC concessions, on top of the significant removal of employers’ NIC for under 21 year olds earning less than £42K pa, due to come in…

What the Budget means for pensions

State Pension reform Personal tax allowance and automatic enrolment Public sector pay reforms Inflation target   Earlier today, Towers Watson reacted to the Budget’s announcement that the Pensions Regulator would be given a new objective. Our thoughts on some of the other pensions-related announcements are below.    State Pension reform and the ‘fair deal’ for contracted-out employees…

Staff training budgets remain strong despite weak economy

A new survey by AAT (Association of Accounting Technicians) has found that, despite a sluggish economy, employers are still investing heavily in staff training and skills. Over nine in ten (92%) employers expect to invest either the same or more time and money on improving staff qualifications and skills next year as this. Nearly half…

Budget cuts may leave to all white management at EHRC

In 2007, The Equality and Human Rights Commission (EHRC) was established to ensure all members of society were safe from discrimination in the work place. As the institution that is responsible for upholding equalities laws, a diverse workforce is essential. In a bid to meet the budget cuts imposed by the coalition government, the EHRC…

Inadequate training a barrier to employee efficiency

Training and technology upgrades are essential for a more efficient workforce. Technocrats dominate the UK workforce, but poor training, inefficient working practices and old equipment mean many are still not making the most of the technology available to them, according to specialist IT recruiter Modis. In a poll of 1000 office workers, 94% claimed they…

Tax reforms high on the agenda

The Government is continuing with its focus of reducing the deficit by announcing a range of tax reforms. After weeks of speculation, George Osborne has confirmed that the 50p additional tax rate will fall to 45p from April 2013. He also declared that the personal tax allowance will increase by a further £1,105 to £9,205…