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The HRDirector

Employers must do more on pensions’ engagement

“Auto enrolment has the potential to be a real game-changer in helping people with their retirement plans. Employers have a key role to play in making it successful and if they don’t step forwards this could be bad news for them and their employees.”

Contributor:  James Brown, Corporate Adviser - Chase de Vere | Published: 21 January 2020

Wages to rise three percent on average in 2020

Chris adds: “When spotlighting the UK’s leading fintech unicorns, the income growth they have achieved over the past twelve months is phenomenal - increasing from a combined £77.1m to £177.6m revenue. That’s a revenue growth of 130% in just one year.” Such is the growth of the industry, that in 2019 job creation within the fintech space increased by 61% - making it the fastest growing sector in the London economy. And the benefits were not just felt in the capital, last year the fintech boom created an 18% uplift in job creation in regions outside of London.

Contributor: Chris Hickey, UK CEO - Robert Walters | Published: 19 January 2020

Top bosses’ pay overtakes average worker’s entire 2020 pay in just three days

Luke Hildyard, director of the High Pay Centre, said: “How major employers distribute pay across different levels of the organisation plays an important role in determining living standards. CEOs are paid extraordinarily highly compared to the wider workforce, helping to make the UK one of the most unequal countries in Europe.

Contributor: Peter Cheese, Chief Executive - CIPD | Published: 18 January 2020

Over 1 in 3 employers not supporting EU workers with Settled Status applications

It is important for employers to be aware of the potential repercussions and impact on their business and employees.  Not all insurers will be able to cope with UK and EU based risks, and neither will all intermediaries in this space..  The key is for them to stay on top of this with contingencies being available for all eventualities.”

Contributor: Unknown | Published: 17 January 2020

Top ten jobs for 2020 revealed

Hays has also revealed the top roles that employers are looking for in 2020. The roles that make up the top ten list are commanding above average salary increases as skills shortages mean employers are struggling to find the talent they need. Is your job on the most wanted list?

Contributor: Simon Winfield, Managing Director - Hays UK & Ireland, | Published: 16 January 2020

Poor Christmas retail results show we may bestarting to consume less

“This year's numbers also hint to a new factor in the evolving high street story. Are consumers changing and to an extent consuming less? The results from Morrisons show declines in their sales of food and drinks and positions them as the worst performing of the supermarkets. The resignation of John Lewis's MD also points to a tough progress with the group's reorganisation which includes Waitrose. The business model of the supermarket or the department store hosting rows of mass consumption brands is proving ever less popular for better informed resource-aware, climate-conscious consumers.

Contributor: Dr Gordon Fletcher, Retail Expert - University of Salford Business School | Published: 13 January 2020

Millions considering career change in next five year

But those further on in their working lives are also open to change, with 13 percent of over 55s considering a new career. The research  also highlighted the barriers which put people off changing careers.  The loss of income whilst training towards a new profession was cited as a key issue by 43 percent of those asked. Other reasons include the fear of feeling too old (40 percent), a lack of qualifications (28 percent), family commitments (27 percent), and the fear of failure (25 percent).

Contributor: Claire Limon, Director of Learning and Acquisition - Openwork, | Published: 11 January 2020

First menopause policy launched to break workplace taboo

The menopause can happen naturally between 45 and 55 years of age or as late as mid-60s. The average age to reach menopause is 51 although it can happen naturally much earlier or as a result of surgery, serious illness and medication. Symptoms can include hot flushes, night sweats, sleep disturbance, headaches or worsening migraines, poor concentration or memory problems, emotional symptoms – depression, anxiety, panic attacks and mood changes – weight and skin changes, urinary symptoms or joint pain.

Contributor: Dawn Pike, Head of HR | Published: 9 January 2020

Five million adults in UK owe £10,000 plus

The average credit card debt of those polled is £2,966, with men (£3,138) owing over £300 more than women (£2,793). Respondents aged between 35 and 44 years have an average debt of £4,076 vs £1,784 for 16-24 year olds.

Contributor: Salman Haqqi, personal finance expert - money.co.uk | Published: 8 January 2020

Half of businesses not ready for contractor tax upheaval

“Irrespective of any review into the roll-out, which may be announced in the Queens Speech, clients should not be complacent given scale of this challenge. Businesses now have a few short months to get ready for incoming changes to IR35 legislation but it seems that many may be ill-prepared.

Contributor: Article by Tania Bowers, General Counsel - APSCo | Published: 5 January 2020