News

Bidding wars spark pay surge for top talent Shortages in industries including construction, hospitality, engineering and pharmaceuticals is driving a fierce competition for workers Britain’s skills shortage has sparked an increase in pay offers by as much as 50pc as businesses scramble to meet soaring demand from consumers. Pay packets across key industries, including engineering…

How has the pandemic altered the landscape for young people entering the job market? For the last 18 months, Covid-19 has led to unprecedented disruption across the world. While older people have been the most at risk from the virus itself, the young have disproportionately suffered from its economic fallout. full article here – https://www.bbc.co.uk/news/57406236

More than 40,000 people from the Philippines have been recruited to front British companies as part of schemes costing the UK “hundreds of millions of pounds” in lost taxes. BBC Radio 4’s File on 4 discovered more than 48,000 of these companies have been created in the past five years. Some staff at NHS Covid…

A new survey of more than 3,300 contractors has flagged continuing confusion, frustration and lack of preparation for the impending introduction of Off-Payroll legislation to the private sector this April. Read the full article here: https://www.recruiter.co.uk/news/2021/01/contractors-cite-ir35-lack-clarity

HSBC is to move 1200 of its call centre staff to permanent working from home contracts, Reuters reports. Around 70% of the bank’s 1800 call centre staff based across England, Wales and Scotland have volunteered to never return to the office, Unite, one of Britain’s biggest employment unions, told Reuters. The bank has offered staff…

Companies poised to reverse years of underinvestment in boost for Sunak Economists improve forecasts for UK and US recoveries, but slow vaccine rollout is set to drag EU back Businesses are preparing to ramp up capital spending after years of underinvestment, boosting hopes of a rapid economic bounce-back from the pandemic. The UK’s leading group…

The UK’s public finances – a source of perennial debate amongst politicians, think tanks, economists and investors – are in focus like never before. Covid-19 has ushered in a period of unprecedented public spending, funded in the main by large amounts of debt. Government borrowing – money it needs to borrow to pay for spending…

City minister John Glen has trumpeted the City of London’s ability to adapt post-Brexit, saying there has only been a “modest” amount of jobs lost since the 2016 referendum. Glen said a great number of “journalists and academics” had been proved wrong about the expected mass movement of jobs from the City to other European…

NatWest expects just 13% of staff to work from the office full-time, as it lays out expectations for a post-pandemic working environment. As reported by Reuters, the bank has outlined a three-tier working plan in which some staff will – typically data centre operatives and branch staff – will be expected to commute into work…