Most women in finance don’t think they’ll ever get the top jobs, report shows June 9, 2015 Most women working in finance believe they won't make it to a senior position, according to a report by PwC. It claims there is a “perceived lack of career progression” among women, and this is preventing them from trying to rise the ranks. Read more: The world needs more women with top jobs in finance [...]
UK’s skills shortage will get worse if we leave EU, says Manpower boss James Hick June 8, 2015 Britain must stay in the EU to avert a skills crisis in sectors from finance to the NHS, the boss of recruitment firm Manpower told City A.M. yesterday. James Hick said firms are already seeing a shortage of suitable workers and will rely very heavily on the free movement of people within the EU. “It [...]
Why a compulsory living wage is not the best way to help society’s poorest June 8, 2015 The Living Wage Foundation – which lobbies employers to pay £9.15 an hour in London and £7.85 elsewhere – has never called for statutory implementation of its cause. It considers itself to be a pragmatic civil society movement, encouraging firms to pay their low-paid workers enough to live comfortably. But the campaign has been hijacked [...]
The UK’s first national steel strike in 30 years could happen this month after Unite schedules Tata Steel action for June 22 June 8, 2015 The UK is facing its first national steel strike for 30 years, after union members voted for action against Tata Steel. Unite the union announced today the strike – agreed last week – would go ahead on June 22. It is part of an ongoing dispute over pensions, with the manufacturer telling workers [...]
Commodity and currency desks lead rapid growth in City hiring as job numbers rise June 7, 2015 City job creation is on the climb thanks to a revival in hiring on banks’ fixed income, commodities and currencies trading desks (Ficc). There were 4,100 new City roles created in May, up 52 per cent on the same month last year, according to figures released today by recruiters Astbury Marsden. It also marks a [...]
Virgin staff on parental leave get year’s pay up to 100 per cent of basic salary June 7, 2015 Sir Richard Branson’s Virgin will offer staff who take shared parental leave after the birth of their child up to a full year’s pay, under new policies announced today by the fitness-to-financial services giant. The government introduced new rights in April allowing parents to share up to 50 weeks of leave and 37 weeks of [...]
BCC downgrades UK’s 2015 growth forecast – but predicts earnings are set to rise June 5, 2015 The British Chambers of Commerce has downgraded its UK growth forecast for 2015, following weaker than expected growth at the start of the year. The BCC's forecast for UK GDP was revised downwards from 2.7 per cent to 2.3 per cent. However, the business group said that, despite the downgrade, it expected the slowdown to [...]
Wages in London grow faster than in the rest of the country June 4, 2015 Wages in the capital are increasing faster than they have in nearly a year, according to a new survey out today. The survey, carried out by the Recruitment & Employment Confederation and KPMG, found that wages for permanent employees in London increased for the twenty-fourth successive month in May, marking an uninterrupted, two-year trend of successive [...]
Goldman Sachs’ support staff lead salary and bonus rankings again June 3, 2015 BACK office bankers are best paid at Goldman Sachs, according to a study of salaries and bonuses in the sector from Emolument.com. Staff in support functions at the prestigious investment bank receive an average salary of £87,000 with an average bonus of £38,000, taking total pay up to £125,000. The next biggest bonuses is at BNP [...]
Britain’s jobs market has taken off and wages are starting to rise – are young workers benefiting? June 3, 2015 It is not easy moving from school to the office. It has always been a difficult jump, and in the financial crisis, some found it impossible. Witness the surge in youth unemployment in the financial crisis, soaring from 12 per cent at the start of 2008 to 20.2 per cent in early 2011, for [...]