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Businesses pay out £3.8bn in redundancy payments this year

Businesses paid out an estimated £3.8 billion to employees who were laid off in 2016/17*, says Hugh James, the Top 100 law firm. Hugh James says that although the value of redundancy payments has declined over the last year, from £4 billion in 2015/16, businesses are still making the decision to pay out high redundancy costs in the short term in order to increase profitability over the long term.

Contributor: Emma Burns | Published: 20 March 2018


Recruiters admit ‘stalking’ potential employees online

With a third (30.8 percent) of recruiters admitting that they ‘stalk’ potential candidates on social media, professionals need to be savvy about what they post online. Despite this, over one in four (29.5 percent) confess that their social media profiles aren’t set to private. That’s according to the latest data from CV-Library, the UK’s leading independent job site. 

Contributor: Lee Biggins | Published: 20 March 2018


Government surprises employers with u-turn on childcare policy

The Government’s surprise decision to extend the salary sacrifice childcare voucher scheme (CCV) for a further six months should be welcomed by employees, but causes complexities for employers who have already initiated the changes. Article Jeff Fox, Principal - Aon Employee Benefits.

Contributor: Jeff Fox | Published: 19 March 2018


Unilever goes dutch – what it means for the UK and investors

‘It’s too simplistic to view Unilever’s move purely through the prism of Brexit, because there are lots of other factors at play. Unifying the corporate structure will simplify the company’s affairs, and the fact 55% of shares are held through the Dutch listing probably gave the Netherlands a head start on the UK.

Contributor: Laith Khalaf | Published: 19 March 2018


Unilever departure bad news for UK

GMB, Britain’s general union, says Unilever has fled Britain because the Government won’t protect them from hostile takeovers. The company, which makes Dove soap, Ben & Jerry’s ice cream and Marmite, has confirmed it will abandon its dual British/Dutch structure in favour of a single headquarters in Rotterdam. Last year the company successfully fought off a bid £115billion takeover bid by Kraft Heinz.

Contributor: Eamon O'Hearn | Published: 18 March 2018


Will MPs outlaw unpaid trial shifts?

The bill, if enacted, would require employers to pay staff on trial shifts the national minimum wage as well as providing a job description that outlines the length of the trial shift and the qualities needed to secure permanent employment. Employers would be required to provide feedback if requested.

Contributor: David Israel | Published: 18 March 2018


Food and drink sector faces hidden hard Brexit

A new report commissioned by the Food and Drink Federation (FDF) and the National Association of British and Irish Flour Millers (NABIM) from Global Counsel has revealed that the UK’s food and drink manufacturing sector could face a hidden ‘hard Brexit’ once the UK leaves the EU as a result of rules of origin.

Contributor: Ian Wright | Published: 17 March 2018


Eurozone consumer price inflation is a continuing concern 

There wasn’t much expectation that the second reading of February inflation in the Eurozone was going to change all that dramatically. But the 0.2 percent fall continues a pattern of declining inflationary pressure begun in November, which is beginning to look like a cause for some concern and must be giving European Central Bank (ECB) policymakers a headache.

Contributor: Jacob Deppe | Published: 17 March 2018


What the Chancellor’s Spring Statement revealed

"The government has long identified this problem as a serious drain on its VAT revenues, and the Chancellor now plans to tighten the screw further. While this is still just a consultation, it opens the door for the government to force online platforms to deduct VAT from sales, and then oblige sellers to prove they are eligible to claim it back".

Contributor: Various Authors | Published: 16 March 2018


So what are your tech developers really thinking?

Survey reveals only 11 percent of developers in the UK actively looking for jobs, exposing key challenges for companies looking to hire tech talent in a tough market. This year’s Stack Overflow Annual Developer Survey is the largest ever, with over 100,000 developers responding worldwide.

Contributor: Joel Spolsky | Published: 16 March 2018