How does UK real wage recovery rank in comparison to other leading economies?
TUC says that UK wages are worth as little as a third less in some areas than a decade ago
Tags: uk economy
UK hit by labour shortages
New research by the CIPD reveals that employers seeking staff are being hit by labour shortages.
Underperforming employees cost UK SMEs £39,500 every year
Why are British SMEs bearing the brunt of the skills crisis?
Improved transport will attract skilled workers to Northern businesses
Following the Budget, a survey from the UK’s leading independent job board, CV-Library, confirms that planned investment in Northern transport and regional Oyster-style card will drastically increase the number of accessible, skilled workers to the North.
Salaries not improving despite economic recovery
Despite the economic recovery pay packets are not being positioned in the top 10 percent of the market according to the CIPD, with the voluntary and not-for-profit areas hit hardest.
UK companies to maintain 3% salary increases next year
British companies are planning to maintain this year’s average 3% salary increases in 2014 for the third year running, with the country’s inflation figure expected to remain stubbornly high, according to Towers Watson’s biannual Salary Budget Planning Report. The level of salary increase is broadly in line with other countries in Western European and North…
UK economy is becoming even more dependent on financial services
The government is failing in its pledge to rebalance the economy, which is now more dependent than ever on financial services, according to the latest TUC economy report. The TUC report shows that on the eve of the recession the UK economy had four key imbalances: low levels of investment, an over-reliance on financial services,…
Tesco plans to create 20,000 UK jobs
Tesco is to create 20,000 jobs in the UK over two years by improving stores and opening new ones, it has announced. The firm said the new jobs would include full and part-time positions, and some apprenticeship placements for new employees. Tesco is the country’s largest private sector employer with more than 290,000 staff –…
New EU pensions law threatens UK economy and jobs
Businesses would have to inject at least £300bn into their final salary (defined benefit) pensions if a new EU law goes ahead, causing knock-on damage to the UK economy and jobs market. It would also lead to the closure of more final salary pensions in the private sector, the National Association of Pension Funds (NAPF)…