Minimum wage leaving young workers behind, warns TUC
Oct03

Minimum wage leaving young workers behind, warns TUC

The TUC is warning that the national minimum wage (NMW) risks leaving younger workers behind, as it gives evidence to the Low Pay Commission (LPC). An increase to the minimum wage will come into force in April 2018, but the new top rate will only apply to workers over 25.   The TUC is calling for the top rate of the minimum wage to be extended to all workers aged 21 and above the rates for 16 to 20-year-olds to be increased, and...

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Advertised salaries hit three-year low
Sep07

Advertised salaries hit three-year low

Average advertised salaries (£32,199) are at their lowest level since April 2014 (£32,185) Vacancy surge continues – availability of roles increases 6.6% annually to 1,231,552 Southampton becomes one of the best cities to find a job – as competition per jobseekers per vacancy lowers to 0.12 Graduate salaries are up 3.6% from 2016 as latest school leavers collect their A-level results Gig economy continues to thrive despite Taylor...

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52% of working Britons are ‘just about managing’ or worse according to latest Drewberry survey
Jul27

52% of working Britons are ‘just about managing’ or worse according to latest Drewberry survey

Drewberry’s annual Wealth & Protection Survey finds that over half of Britons are now stuck in the ‘JAM’ zone. Key findings: In a JAM: 38% of working Britons regard their finances as ‘Just about managing’, while 14% describe their finances as ‘hanging by a thread’ (or worse). Spread thin: Over 1 in 4 working Britons (26%) have £100 or less a month left after paying for basic living expenses while 44% have £200 a month or less....

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Financial services staff at risk from lack of outdoors
Jul20

Financial services staff at risk from lack of outdoors

Financial services workers spend the least amount of time outside than any other industry and are potentially at risk of vitamin D deficiency, spending just 34 minutes outdoors during a day, according to new research. Bankers, accountants and bookkeepers are amongst the UK’s most outdoor-starved job roles, according to a survey of 2,000 UK workers carried out by outdoor furniture e-tailer, Alfresia.co.uk. Those working in the city are...

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Stress in the City – calls for finance industry to tackle widespread stress
Jun29

Stress in the City – calls for finance industry to tackle widespread stress

Firms need to show bravery and openness to address the problems with stress and mental health in the city, say the Health Insurance Group. They claim that unknowns surrounding so-called hard Brexit, dwindling job security, increased regulatory scrutiny and long working hours are taking a toll on the mental health of those working in the city’s financial sector. The global financial crisis, the resulting meltdown, and the subsequent...

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Professional Trainee scheme at NFU Mutual crowned the category winner of The Job Crowd Awards 2017
Jun29

Professional Trainee scheme at NFU Mutual crowned the category winner of The Job Crowd Awards 2017

Insurer named the number one company for graduates to work for in the Banking and Finance Sector NFU Mutual is delighted to announce that its Professional Trainee scheme has won Gold at The Job Crowd Top Companies For Early Careers 2017/2018 awards. The Stratford-upon-Avon based insurance, investments and pensions business was ranked the number one company for graduates to work for in the Banking and Finance Sector for companies with...

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‘Jobs for the boys’ myth limits apprentice opportunities
May19

‘Jobs for the boys’ myth limits apprentice opportunities

Gender bias colours students’ attitudes to apprenticeships Six out of 10 school leavers believe apprenticeship opportunities are in sectors with mainly male workforces One in three parents believe apprenticeships are suited to boys Male students wrongly believe apprenticeships for men involve manual labour while female students think most opportunities are in nursing, healthcare and childcare School leavers are missing out on...

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The Clear Company shortlisted for ‘Disruptor of the Year’ in 2017 Women in Finance Awards
May18

The Clear Company shortlisted for ‘Disruptor of the Year’ in 2017 Women in Finance Awards

HR and diversity consultancy, the Clear Company has been shortlisted for the Disruptor of the Year accolade at this year’s Women in Finance Awards. This category celebrates the companies that have reinvigorated gender diversity in the financial services industry by breaking barriers, exploring new markets, creating innovative new products or services, or have established a new effective way of working. The Clear Company works with...

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As investment increases in London, are the City jobs now staying put?
Apr20

As investment increases in London, are the City jobs now staying put?

Article 50 is triggered, City shrugs, says Morgan McKinley In an historic move, March saw Britain invoke Article 50, launching the two year process of leaving the European Union. Significant as the action is, it had no negative effect on March hiring numbers, as evidenced by the 17% month-on-month and 13% year-on-year increase in jobs available. “Businesses are done trying to read the tea leaves to see what lies ahead, and they’re...

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As Barclays boss investigated over whistleblowing row, how should employers handle these incidents?
Apr13

As Barclays boss investigated over whistleblowing row, how should employers handle these incidents?

The news that the Barclays boss will be investigated after trying to identify the author of a letter that was classed as blowing the whistle has caused concern amongst those in the banking industry. This story comes on the back of the Financial Conduct Authority trying to encourage a culture which encourages individuals to blow the whistle. Banking is not the only sector which struggles with whistleblowers and how to treat them. We...

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New financial product available from today – but 40% of UK don’t know what a LISA is!
Apr06

New financial product available from today – but 40% of UK don’t know what a LISA is!

As the Lifetime ISA (LISA) comes in to affect, Barnett Waddingham’s latest financial study reveals financial priority concerns and knowledge shortfalls amongst the UK. 65% of Brits admit to losing sleep over their finances 36% reveal their main financial priority is to save for a house The Lifetime ISA (LISA) comes into effect in April 2017 and only 40% of people are aware of what this offers 45% said they might contribute more to...

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82% of workers in the City of London tempted to move roles due to salary or benefits packages on offer elsewhere
Mar29

82% of workers in the City of London tempted to move roles due to salary or benefits packages on offer elsewhere

Only two-fifths (41%) say firms have indicated they will receive a bonus in 2017, whilst last year 59% received a bonus More women than men received a bonus in 2016, 62% compared to 57%, and are more optimistic than male colleagues about this year’s outlook Hays warns that financial services firms cannot rely on salaries alone to retain staff during these uncertain times   As Theresa May triggers Article 50, City firms are bracing for...

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As Article 50 triggered, will the exodus begin?  Top companies already leaving London, warns Morgan McKinley
Mar29

As Article 50 triggered, will the exodus begin? Top companies already leaving London, warns Morgan McKinley

Teresa May has today signed the Article 50 letter to start the Brexit process – however, top city jobs in London’s financial hub are already starting to leave the capital, warn specialist financial sector recruiters Morgan McKinley. February saw almost a quarter drop in City jobs available, month-on-month. While the year-on-year drop was more moderate, at 17%, it’s clear the jobs market remains under stress. Among the main...

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470 jobs axed from RBS and Nat West Branches
Mar23

470 jobs axed from RBS and Nat West Branches

RBS and Nat West have said in a statement today that they plan to close 158 branches, which they blamed on changing consumer behaviour and a surge in the popularity of online and mobile banking.   A spokesman for the company, which posted losses of £7Bn in February, said that 470 jobs would be lost as a result of the closures, but they were necessary due to a change in customer behaviour: “We have seen a dramatic shift in...

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Salary Sacrifice: the changes employers need to implement before 6 April 2017
Mar23

Salary Sacrifice: the changes employers need to implement before 6 April 2017

In the 2016 Autumn Statement the government announced that as of the 6 April 2017 the Income Tax advantages for many benefits funded through salary sacrifice will be removed. Kevin O’Neill, Head of Health at Barnett Waddingham, explains outlines the detail for employers. When the draft legislation was published, no guidance was given to the impact on Group Income Protection and excepted Group Life schemes offered as a flexible...

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