UK hiring boom slows as labour shortages and economic uncertainty scupper recruitment efforts July 8, 2022 The UK’s hiring boom is showing signs of coming to an end, according to new research from KPMG, which show the number new hires grew at its slowest rate in 16-months due to a lack of candidates and wider economic uncertainty. The fast-paced growth in the number of new hires has dropped off significantly [...]
PwC partners set to receive record payouts of more than £1m this year July 7, 2022 Partners at PwC are set to earn more than £1m each for the first time ever this year, after an “exceptional” trading period boosted the accountancy firm’s profits. The accounting firm has told partners that their £920,000 profit-per-partner pay packages will be bolstered by £100,000 windfalls from the sale of PwC’s global mobility services business, [...]
Bird & Bird hands staff £1,000 each to deal with UK’s cost-of-living crunch July 5, 2022 London law firm Bird & Bird is set to pay £1,000 bonuses to more than 300 of its staff to help them deal with the cost-of-living crisis. The law firm said it will give £1,000 “cost of living allowance” payments to all employees who earn less £50,000 per annum this month, to help them manage [...]
Recruitment guru Paul Farrer warns employers half of all Brits are currently looking for a new job July 4, 2022 Sixty per cent of all workers are currently looking for a new job, with as many as just under half of them searching for a new role due to the cost of living crisis. That is the warning from Paul Farrer, the founder and chairman of recruitment giant Aspire. According to research carried out by [...]
Employers could be sued if they cut remote and hybrid workers salaries, lawyers say June 28, 2022 Employers giving pay cuts to remote and hybrid workers could face discrimination lawsuits, employment lawyers have said. Companies that pay higher salaries to workers who come into the office risk being subject to sexual discrimination lawsuits, due to the fact women are more likely to work from home than men, lawyers told City A.M. Fiona [...]
Criminal barristers push ahead with strike action over legal aid fees June 27, 2022 Criminal barristers are today set to walk out of courts across England and Wales, after last week voting to strike amid a long-running dispute with the government over legal aid fees. Barristers, who are expected to picket outside of London’s Old Bailey court today, are calling on the government to increase legal aid fees by [...]
PwC to give 11,000 workers their biggest pay rise in a decade June 26, 2022 PwC is set to give around half of its UK workforce their biggest pay rise in a decade, in hiking around 11,000 of its workers base salaries. The accountancy firm is set to give a nine per cent pay rise to around half of its more than 22,000 staff – at a cost to [...]
Consulting and finance firms hire more black candidates when using anonymous ‘skills-based’ tests in the hiring process June 26, 2022 City employers are more likely to hire black candidates if they rely on anonymised, “skills-based” assessments in the hiring process, instead of more traditional interview methods, new research shows. Finance and consulting firms hired 79 per cent more black candidates when they relied on skill-based assessments, over more traditional methods such as cover letters, group [...]
Flying high: 10,000 UK jobs supported as BAE Systems cashes in with £500m order for Spanish fighter jets June 24, 2022 Thousands of UK jobs will be supported thanks a mammoth order from Spain for a new fleet of 20 fighter jets, with BAE Systems cashing in £500m of a £1.5bn contract. The major purchase to expand Spain’s armed forces was announced in Berlin this week, and will increase the number of Typhoons in Europe to [...]
Google searches for ‘remote jobs’ explode by more than 260 per cent as UK crippled by train strikes June 22, 2022 There has been an explosion in searches for ‘remote jobs’ in wake of recent train strikes by more than 260 per cent. New analysis of Google search engine figures show the term has been searched at the highest level in UK internet history. This is despite politicians such as Brexiteer Jacob Rees-Mogg and host of [...]