Job Market Monitor
United Kingdom
UK – Huge Drop in membership of private pension schemes
The Office for National Statistics has recorded a significant downwards trend in employee membership of private sector defined benefit (DB) schemes – down from 34 per cent in 1997 to 9 per cent in 2011. Overall, employee membership of employer-sponsored pensions in the private sector fell from 46 per cent in 1997 to 32 per cent … Continue reading
UK – How will training budgets change
How have learning and development budgets changed over the past 12 months? Across the whole economy, nearly two-fifths of organisations say their learning and development budget has remained unchanged over the past year. A further three in ten report a decrease, while one in four says it has increased. More than half of respondents from … Continue reading
UK – The number of unemployed fell by 65,000 in the three months to May
For March to May 2012: The employment rate for those aged from 16 to 64 was 70.7 per cent, up 0.3 on the quarter. There were 29.35 million people in employment aged 16 and over, up 181,000 on the quarter. The unemployment rate was 8.1 per cent of the economically active population, down 0.2 on the … Continue reading
UK – Youth Unemployment – British youth poorly prepared for world of work
Under-24s need more help into the jobs market and a better apprenticeship structure, a new report claims Charting a path from school or university into the 21st century workplace was already tough for young people even before the Great Recession tore into businesses throughout the country and left more than a million under-24-year-olds unemployed. But … Continue reading
UK – Welfare to work – Social Enterprise Co-ordinating scheme goes bankrupt
The government’s controversial welfare to work initiative has suffered another blow after it emerged that a social enterprise firm hired to get the long-term jobless into employment has gone into liquidation, claiming banks refused to lend it money to stay afloat because they considered the work programme to be too financially risky. Eco Actif, a … Continue reading
UK – A Campaign for a Public Inquiry into the Economic Crisis – International Business Times
Long before calling for public inquiries was made fashionable by the Labour party, one group of angry, politically cognisant members of the public decided that enough was enough with politicians, bankers, and the economy. The Campaign for an Independent Inquiry into the Economic Crisis in the UK, as it is not-so-pithily named, has struggled to … Continue reading
UK – Two-thirds of employers rate the cost-effectiveness of their recruitment and selection practices as good or very good
UK employers have mixed views as to the effectiveness of the recruitment processes used by their organisations, XpertHR benchmarking research on key recruitment metrics in 2012 (XpertHR Benchmarking subscription required) finds: Two-thirds of UK employers rate the cost-effectiveness of their recruitment and selection practices as good or very good. In total, 96% say their levels … Continue reading
UK – The Recruitment and Employment Confederation and KPMG said permanent placements are down
Permanent and temporary jobs across the country, including the City, have fallen in recent weeks, giving a “bleak” outlook on the employment front, according to two studies. The Recruitment and Employment Confederation (REC) and KPMG said permanent placements fell for the first time in six months in June, while temporary appointments were down for the … Continue reading
Report – Too Much to Lose: Understanding and supporting Britain’s older workers
The report Too Much to Lose: Understanding and supporting Britain’s older workers by Matthew Tinsley published on policyexchange.org.uk examines the position of over-50s in the UK labour market. It outlines the large barriers to work that they face and highlights that the majority of these barriers remain unaddressed by government support. It argues that without reforms to address these issues, … Continue reading
UK youth employment challenge – A Report
By comparison to other European countries, youth unemployment in UK is just below average at around 22%, but it is rising and has been rising since 2005. This suggests structural causes beyond the current economic situation: The labour market has been changing in ways that impact negatively on young people Recruitment practices make it increasingly … Continue reading
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