Future of Work

Retention fears for UK Plc as talent dilemma intensifies

As the talent dilemma continues, UK businesses are ramping up their focus on retaining and upskilling their existing workforce. New research from recruitment specialist Robert Half UK, reveals more than one in three senior executives (31%) believe employee retention and training are the two main talent management concerns facing their industry until 2020. Talent retention […]

Hermes boosts employee connectivity as it launches online training portal

Hermes, the UK’s leading consumer delivery specialist, has ensured every one of its employees now has access to a personalised email address so it can better connect them to business news, information, their benefits and rewards, and the latest learning and development opportunities. More than 1,500 colleagues have recently been assigned accounts to coincide with […]

UK wage growth picks up to 11-year high

Wage growth in the UK reached an 11-year high in the year to June, and the employment rate was its joint highest since 1971, official figures show. Wage growth rose to 3.9%, while the estimated 76.1% employment rate was the best since comparative records began. Overall, a record high of 32.81 million people were in […]

Uber shares in decline as profit figures disappoint Wall Street

Uber’s shares went into reverse on Thursday after the taxi-hailing company unveiled profit figures that failed to live up to expectations. Revenue growth slowed in face of heavy competition, leading to the company posting its largest quarterly loss. Uber and its rivals are spending heavily to expand, but boss Dara Khosrowshahi said that the competitive […]

Over 1,000 jobs at risk after Karen Millen online deal

More than 1,000 jobs could be at risk after fashion firm Boohoo bought the online business of UK brands Karen Millen and Coast for £18.2m. Boohoo, an online-only retailer, said acquiring the website operations of the two brands “would represent highly complementary additions”. The firms’ 32 UK High Street stores and 177 concessions, employing 1,100 […]

People and technology in harmony will drive future of work says new poll

The large majority (85%) of business leaders, human resources (HR) professionals, and learning and development experts believe that the success of the future of work involves a strategic combination of humans and technology. This is according to a poll conducted by Kronos Incorporated that asked for opinions on the future of work and the role […]

Shell profits plunge on lower oil prices

Oil firm Royal Dutch Shell’s profits have plunged to their lowest since 2016, due to lower oil and gas prices. Shell’s second quarter profits dropped 25% to $3.6bn (£3bn), far below analysts’ expectations of $4.9bn. The oil giant blamed “challenging macroeconomic conditions” in refining and chemicals, as well as falling oil prices. In June, the […]

Ryanair boss warns as many as 900 jobs at risk

Ryanair boss Michael O’Leary has warned staff to prepare for job cuts in the coming weeks, saying the airline has 900 too many pilots and cabin crew. In a video message to workers, he said redundancies would be announced by the end of August, although he did not put an exact number on the losses. […]

Nissan to now cut 12,500 jobs worldwide

Japanese car giant Nissan has said it will cut 12,500 jobs around the world, more than double the amount previously announced. It will reduce its production capacity and the number of models it produces by 10% by the end of 2022, but it did not say where the cuts will fall. It comes as the […]

Government offers ‘inflation busting’ pay rises

Chancellor Philip Hammond has handed public sector workers a pay rise that is above the UK’s 2% inflation rate. The move comes just days before Theresa May leaves office, which could lead Mr Hammond to resign as chancellor. The deals will affect almost one million public sector workers from prison officers to dentists. Teachers will […]