Future of Work

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Rolls-Royce to cut 4,600 jobs over next two years in major reorganisation

Engineering firm Rolls-Royce is to cut 4,600 jobs over the next two years as part of a major reorganisation. Middle managers and back-office staff are to bear the brunt of the cuts, which are expected to hit its Derby base hard. The company is refocusing its business on civil aerospace, defence and power systems. About […]

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MPs urge the financial services sector to rid itself of the “alpha male” culture

The “alpha-male” culture in some financial services organisations is the “overwhelming” reason women give for not wanting to take on senior jobs in the sector, MPs have reported. Firms especially need to change their bonus culture, the Treasury Committee said, as it is perceived men argued more forcefully and got higher rewards. MPs recommended bonuses […]

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Taxi app Uber applies for patent to help to spot inebriated passengers

Taxi app company Uber has applied for a patent to use artificial intelligence to determine how drunk potential passengers might be. The app used to summon rides could also feed other information to the driver, including a passenger’s location, how accurately they are typing and even the angle they are holding their phone at. It could help […]

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Wage growth slows despite further fall in unemployment

Wage growth unexpectedly slipped to 2.8% from 2.9% in the three months to April, despite unemployment falling by 38,000 to 1.42 million, official figures show. Economists had expected wage growth to remain steady at 2.9%. The slowdown is likely to dampen expectations of an interest rate rise in August. Wage growth is one of the […]

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Firms will have to justify pay gap between workers and bosses

The country’s biggest public businesses may soon have to publish the gap between the pay of their chief executive and an average worker. Business Secretary Greg Clark says directors of all companies with more than 250 employees will be required to disclose and explain this difference – known as the “pay ratio”. Equal pay campaigners, […]

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Staff shortages mean starting salaries rising at fastest rate for three years

Severe staff shortages are leading to rapidly rising starting salaries for those moving into new jobs, according to new research. Employers are paying more “to attract the right people”, the Recruitment and Employment Confederation said. Salaries for workers moving into new permanent roles rose at their fastest rate for three years in May, the REC […]

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Accountancy giant bans all-male job shortlists

Accountancy giant PwC has banned all-male shortlists for jobs in the UK in an attempt to increase the number of women in senior roles at the firm. It said the move was prompted by its recent pay gap report showing men on average earned 43.8% more than women. The company said recruitment was one of the areas […]

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Starbucks boss Schultz leaves the firm after 36 years

Starbucks executive chairman Howard Schultz, who oversaw the growth of the coffee chain into a global powerhouse, has said he is quitting the company after nearly four decades. Mr Schultz, who retired as chief executive last year, is to relinquish his seat on the board on 26 June. The move has raised questions about his political ambitions. […]