Tags: risk

Flight of the baby boomers: Three quarters of UK companies predict skills shortage

UK employers are anticipating a significant skills gap when baby boomers retire over the next two to five years and are already taking steps to mitigate the risk. New research from leading recruitment specialist Robert Half UK reveals that 74 percent of finance directors are concerned that the skills gap resulting from widespread retirement of baby boomers will have a negative impact on their organisation over the next two years.  An even higher proportion (77 percent) say that the departure of older workers will have a negative impact over the next five years.

Would you complete a risk assessment for using a tape measure?

A new survey has revealed the lengths some small firms mistakenly go to trying to comply with health and safety. One business completed a risk assessment for using a tape measure and another introduced written guidelines for walking up stairs. These bizarre and unnecessary actions were uncovered by the Health and Safety Executive (HSE), which…

UK plc shares suppressed by too much risk in the pension fund

Research by global professional services company Towers Watson shows high risk in UK pension schemes is an important factor in suppressing the price / earnings ratios of their sponsoring companies. It shows high pension risk companies typically having lower price / earnings ratios and warns that in aggregate pension risk is twice as high as…

New studies show stress is a big risk to business

Research from Group Risk Development (GRiD), the trade body for the group risk industry, has found that employee stress is the number one health risk for British businesses. The figures have been released ahead of Stress Awareness Day on 7 November (today) which aims to highlight the problem of stress in the workplace. The annual…

Up to 270 jobs at risk as mine in Wales looks set to close

A Neath Valley colliery that employs the largest number of miners in Wales has announced that it is considering suspending activities. It has been reported that the plans to shut down Aberpergwm Colliery could affect around 270 employees, and American firm Walter Energy said of the proposal: “It is a result of a challenging economic…

Thousands of health and safety inspections to be cut

Thousands of businesses are to be exempt from health and safety inspections under new rules to be introduced by ministers in April 2013. The plans will mean that premises considered to be low risk will no longer receive routine inspections, which ministers say place an unnecessary burden on businesses. The plans are to be announced…

Health and safety breaches will hit businesses where it hurts

Any businesses caught flouting health & safety legislation could face significant bills from October according to a warning from workplace equipment supplier Slingsby. This follows an announcement from The Health and Safety Executive (HSE) that a cost recovery scheme, known as Fee for Intervention (FFI), will start on 1 October 2012 subject to Parliamentary approval.…

The Hidden Threat to Recruiters

Nick Woodward, MD at Etz Timesheet Solutions, says many recruitment agencies do not realise that inefficient admin processes can have a deadly “domino effect” across the whole business.     When 61 recruitment agencies went bust in 2010, with hundreds of millions trapped in overdue client payments, it was a powerful warning of the way…