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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

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Struggle for talent continues despite rise in unemployment

Recent labour market statistics published by the Office for National Statistics (ONS), based on data from October-December 2017, show that both the number of unemployment and the number of vacancies have increased while real wage growth is still falling. Contributor Tom Hadley.

Contributor: Tom Hadley | Published: 25 February 2018

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What are the latest buzzwords in the world of recruitment?

List of Buzzwords for talent professionals revealed HR and recruitment professionals are highlighting skills and experience over personal strengths.HR and recruitment professionals were using new words like ‘skilled’ and ‘motivated’ to describe themselves. In contrast, ‘focused’ and ‘excellent’ - which featured in fourth and seventh place last year - have dropped off the 2017 list.

Contributor: Jon Addison | Published: 13 February 2018

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Best locations for freelancers revealed

Freelancing is popular with those adopting the lifestyle, with 60 percent believing it’s a good career move. With the option of flexible hours, working from home and being your own boss, it’s no surprise that many people are turning to freelancing instead of the traditional nine to five for income. In

Contributor: Kevin Pratt | Published: 11 February 2018

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Employer confidence at lowest since referendum

Contributor REC More than a third (35 percent) of respondents think that the country’s economic conditions are getting worse, while only one in five (22 percent) think they are improving. The net balance of hiring and investment decisions has also fallen by two points to nine.

Contributor: Kevin Green | Published: 8 February 2018

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Stagnant wages pushing employees into self employment

According to the Office for National Statistics, UK unemployment fell by 3,000 to 1.44 million from September to November 2017, taking employment to its joint highest level since comparable records began in 1971. But average wages in real terms - compared to inflation - fell by 0.5 percent compared with the previous year.

Contributor: Stewart Butler | Published: 6 February 2018

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Contractor demand stumbles as employers lock in talent

Professional recruitment firms reported that overall vacancy numbers for contract roles dipped by 9 percent in November 2017, while demand for permanent professionals remained largely stable, increasing by 0.4 percent year-on-year, according to new survey data from the Association of Professional Staffing Companies.

Contributor: Ann Swain | Published: 10 January 2018

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“Don’t show me the money, show me meaningful work”!

In the UK, meaningful work emerged as the single largest contributor at 30 percent, 3 points above the global average. Meaningful work ensures that employees’ skills and talents are being fully utilized and there is greater alignment to shared, core values.

Contributor: Globoforce’s WorkHuman Research Institute in partnership with IBM’s Smarter Workforce Institute | Published: 28 December 2017

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Calls for clear employment definitions

This is an extremely valuable contribution to the debate about self-employment and the gig economy. For too long, confusion has reigned because of the lack of a clear definition of self-employment, which leads to individuals and businesses being forced to seek clarity through expensive and time-consuming court hearings.

Contributor: Simon McVicker | Published: 8 December 2017