Some businesses declared spending up to 90 per cent of turnover on rents, salaries and other overhead costs. There are 1 million microbusinesses across London, which make up 96 per cent of companies in London. They generated £277.3 billion of turnover last year and created at least 282,000 jobs in the last five years.
| Published: 23 October 2018
The Government says it is “time to move to mandatory ethnicity pay reporting” in its new Race at Work Charter announced in October 2018. The consultation on the proposed new law requests feedback on the sort of information that employers should be required to publish and whether this should follow current gender pay gap reporting rules.
| Published: 23 October 2018
The majority of executives (87 percent) around the world cite untrained staff as the greatest cyber risk to their business. ESI ThoughtLab in conjunction with Willis Towers Watson and other organisations specialised in cybersecurity and risk management.
| Published: 22 October 2018
The ‘familymoon’, an extended holiday of two weeks or more taken by new parents with their baby, is growing in popularity. Over a third (34 percent) of those surveyed say they’ve taken a ‘familymoon’1. A fifth (20 percent) would use their Shared Parental Leave to go travelling as a new family.
| Published: 21 October 2018
The unemployment rate for graduates six months after leaving university fell to 5.1 percent this year – the lowest since the 1979 survey when it was 4.9 percent. Skills shortages across many industries appear to have helped job prospects with increases in those entering professional jobs across all degree subjects.
| Published: 20 October 2018
New research has revealed that many business leaders are not actually aware of what they’re spending their dedicated marketing budgets on. A survey of 1,021 UK workers carried out by leading digital marketing agency revealed that more than 1 in 3 business leaders (37%) admit they don’t know what they are spending their marketing budgets on.
| Published: 19 October 2018
Some employers may believe that a political or natural disaster is only likely to occur in traditionally high-risk regions, but this is not the case. The change in political dynamics means that volatility can happen anywhere in the world. Contributor Sarah Dennis, Head of international - The Health Insurance Group.
| Published: 18 October 2018
Mercer’s 2018 Valuation Survey shows a significant rise in the number of schemes in surplus on funding assumptions: 37 percent compared to 27 percent in the 2015 Survey. Integrated Risk Management (IRM) has become a key part of trustees’ decision-making processes. Life expectancy remains the great unknown risk for many pension schemes.
| Published: 17 October 2018
It is rumoured the UK Treasury has a small red box on the wall, with a glass lid inscribed ‘In case of Budget emergency, break glass’. Inside it keeps the UK’s pensions tax relief. With spending promises for the NHS and elsewhere to be honoured, the tax reliefs handed out to pension savers are once again under scrutiny.
| Published: 16 October 2018
The Women and Equalities Committee wrote in July to ten regulatory and inspection bodies in sectors including healthcare, law, education and financial services, asking them to explain what they were doing to tackle workplace sexual harassment. Contributor Maria Miller MP, Chair - Women and Equalities Committee.
| Published: 16 October 2018
