Almost a fifth of employers have instituted pay cuts since the pandemic hit and nearly a third of the remainder are prepared to do so, according to a survey of managers across the country. Eighteen per cent of 932 members of the Chartered Management Institute (CMI) in an exclusive survey for The Times said that …
Wages grew at their fastest pace in a decade in the three months to October and the number of people in work has reached a record high, official figures show. Regular pay, excluding bonuses, grew by an average of 3.3 per cent in the period, up from 3.2 per cent in the three months to …
Wages on rise as employment at its highest since records began! Read More »
Wages have risen at the fastest pace in almost ten years, easing the pressure on UK households. Earnings, excluding bonuses, increased by 3.1 per cent in the three months to August compared with a year earlier, according to the Office for National Statistics. The rise outstripped the growth of 2.9 per cent in the three …
Wages grow (3.1%) at fastest rate in a decade — and beat inflation Read More »
Will wages continue to grow? The short answer is that it looks like they will. In the three months to end of December, average wages including bonuses rose by 2.1 per cent. This was more than four times the 0.5 per cent rate of inflation that month and the third consecutive month that growth in …
Official figures out last week from the Office for National Statistics (ONS) showed that employment reached a new record of 30.9 million in the three months to December. At the same time, the number of out of work people dropped by 97,000 to 1.86 million. This was 486,000 fewer than the previous year and helped …
Here is a summary of a recent REC (Recruitment & Employment Confederation) survey on employer’s expected recruitment requirements:- • 8 out of 10 employers plan to increase number of permanent workers in the next three months • 4 out of 10 employers plan to increase number of agency workers • 74% of micro businesses plan …
Women in their twenties and thirties now earn more on average than men, as the gender pay gap has narrowed. The difference between pay for men and women in full-time employment dropped to 9.4 per cent in the year to April — the lowest level since records began in 1997. Women aged 22 to 29 …
Young women out earn men as gender pay gap narrows Read More »
People who play organised sports once a fortnight earn nearly £11,000 more than the average wage, according to researchers — more than £500,000 over the course of a career. Triathlon participants are the biggest earners, with an average salary of £44,375. Cyclists, rowers and cricketers follow behind, with football, rugby, lacrosse, squash and netball players …
Sport can boost your income as well as your health Read More »
The REC’s August Jobs Barometer shows some interesting positive information for the economy and further tightening of the jobs market across the whole country. Here are the main points from the recent survey:- Over one third of employers (36%) have no spare capacity. A net balance of 85% of employers plan to increase their permanent …
The number of people out of work fell by 132,000 in the three months to June to 2.08 million. This pushed the unemployment rate down to 6.4 per cent, according to the ONS, the lowest level since the end of 2008. The number of people in work also continued to rise, with 820,000 more people …