The value of regular pay falls 2.9% in the three months to August 2022, as the squeeze on workers’ pay continues.
Labour market
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Getting on for half of HR leaders have reported that their company is losing up to 15% in revenues because of the UK labour shortage.
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Many of those whose jobs will disappear will be encouraged to apply for the 500 existing vacancies in its head office, the company stated.
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The Conservative Party Conference in Birmingham this week has produced plenty of headlines about political infighting, but what about the policies?
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Business secretary Jacob Rees-Mogg has proposed stripping employment rights from people earning more than £50k.
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There were 143,000 new job postings last week – the lowest number since early spring this year.
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The TUC and Labour party reject the chancellor's handling of the UK economy as interest rates rise to highest level in 14 years.
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Plans to increase working hours among the over 50s and benefits claimants are to be unveiled in tomorrow's mini-Budget.
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Firms' plans to recruit more staff fly in face of warnings of recession.
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Unemployment in the UK reaches its lowest since 1974 and the number of job vacancies has fallen.
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Greater economic uncertainty, rising costs and candidate shortages all affected employers' ability to hire both permanent and temporary staff in August.
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Employers increasingly favour skills over degree qualification, says survey
by Jo Faragherby Jo FaragherFewer employers are relying on candidates having a degree, according to a new survey showing skills-based hiring is up 63%.
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Last week, there were 2.08 million active job adverts in the UK, a new record high for 2022.
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The cost of living crisis has driven one in three workers to consider moving employers, according to a survey by job site Reed.co.uk.
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Regular wages fell by a record 3% in April to June 2022, as the rates employers were able to pay...