Job Market Monitor
UK
OK – Old displace young on income ladder
When I was a kid old people weren’t very well off. The words poor and pensioner often went together. I remember a poster (presumably by one of the age charities) which I used to pass on the way to my swimming lesson. It said something like, “Poverty and loneliness, the punishment for old age.” That would have … Continue reading
Workplace pension scheme membership in UK – Up to record 59% in 2014, from 50% in 2013 ONS finds
Workplace pension scheme membership has increased to 59% in 2014, from 50% in 2013, driven by increases in membership of occupational defined contribution and group personal and group stakeholder schemes.The increase is likely to be driven by automatic enrolment. Occupational defined benefit pensions schemes represented less than half (49%) of total workplace pension membership in … Continue reading
Minimum Wage in UK – Low Pay Commission recommends 3%
The Low Pay Commission (LPC) has today recommended to the Government that the adult rate of the National Minimum Wage, which applies to workers aged 21 and over, should rise by 3 per cent to £6.70 from October 2015. The LPC’s aim is to advise on a rate that protects as many low-paid workers as … Continue reading
UK – The Migration Advisory Committee (MAC) reports on the partial review of the shortage occupation list (SOL)
In the year ending September 2014, 46,000 Certificates of Sponsorship (CoS) applications were made for out-of-country, non-EU citizens to permit them to work in the UK. There are three main routes: Thus, the shortage occupation route accounts for only a small fraction (3.0 per cent) of the total annual inflow of non-EU work migrants. In … Continue reading
Skills Gap in UK – A construction skills time bomb is ticking according to the Federation of Master Builders (FMB)
According to the Federation of Master Builders (FMB), a construction skills time bomb is ticking, with skills shortages on the increase across a number of trades and professions. The FMB’s latest State of Trade Survey for 4Q14 that small construction firms are experiencing particular difficulties recruiting carpenters, joiners and bricklayers. “As the shock waves from … Continue reading
Tesco – UK’s biggest retailer to cut thousands jobs
Tesco has begun a cull of head office staff that is expected to involve thousands of job losses as its new chief executive slashes costs and strives to reinvigorate the UK’s biggest retailer. Sky News has learned that the company has in recent days begun informing senior staff of changes to the structure of its … Continue reading
UK – Half expect to retire later Department for Work and Pensions finds
Over half (56%) of UK pre-retirees have changed their mind over the last few years about when they expect to retire, government research reveals. Almost half (49%) of respondents thought they would retire later than previously expected, with just 7% anticipating an earlier retirement than before. The majority of respondents predicting a later retirement were … Continue reading
Minimum Wage in UK – Employers underpay 100k young people Trade Unions Congress says
More than 100,000 young adults are not being paid the national minimum wage (NMW), an increase of 52% since 2010. The figures were highlighted by the Trade Unions Congress from the government’s final evidence submitted to the Low Pay Commission (LPC). It found that 35,000 more young adults were being paid below the NMW since … Continue reading
UK – Jaguar Land Rover to create 1,300 jobs
Jaguar Land Rover (JLR). Though it’s now owned by the Indian conglomerate Tata, JLR employs more than 30,000 people in the UK and is growing fast. Today it announced it’s set to take on 1,300 new staff at its Solihull plant, who will work on a new Jaguar ‘crossover’ SUV model, a 4×4 based on … Continue reading
Universal Jobmatch in UK – British job seekers will get be the first to see tens of thousands of job vacancies
British job seekers will get be the first to see tens of thousands of job vacancies after ministers demanded an end to blanket adverting across the EU. Under Brussels rules any jobs that the Government posted through its official Universal Jobmatch website also had to be placed on an EU website used by migrants across … Continue reading
UK – Employment rates much higher with at least one qualification compared with no qualifications
Fewer than half (48.5%) of those with no qualifications were in employment compared with around 8 in 10 (80.7%) of those with at least one qualification. Those with no qualifications were most likely to work in ‘elementary’ (28.0%) and ‘machine operatives’ (18.1%) occupations. In general, as the level of qualification increased, so did the employment … Continue reading
Skills Gap in UK – Foreign bricklayers on £1,000-a-week
Building companies in London have hired Portuguese bricklayers on £1,000-a-week wages because of a shortage of skilled Britons, a recruitment firm has said. The finding was revealed by Manpower, whose research is said to have confirmed industry fears of a lack of suitably-trained workers. Manpower managing director Mark Cahill said he was told the normal … Continue reading
Workplace Bullying in UK – Half of UK workers have been victims
If you’re aware of bullying at your workplace, or are a victim yourself, you’re not alone. According to a survey by CareerBuilder.co.uk, half of UK workers revealed that they have been bullied at work. The two most common ways workers report being bullied was being ignored, whereby comments have been dismissed or not acknowledged (41%), … Continue reading
Slaves in UK – Could be between 10,000 and 13,000
There could be between 10,000 and 13,000 victims of slavery in the UK, higher than previous figures, analysis for the Home Office suggests. Modern slavery victims are said to include women forced into prostitution, “imprisoned” domestic staff and workers in fields, factories and fishing boats. The figure for 2013 is the first time the government … Continue reading
Immigration in UK – 583,000 persons in the year ending June 2014, up from 502,000 in the previous 12 months
Net long-term migration to the UK was estimated to be 260,000 in the year ending June 2014, a statistically significant increase from 182,000 in the previous 12 months. While net migration has increased since the most recent low of 154,000 in the year ending September 2012, it remains below the peak of 320,000 in the … Continue reading
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