Category: employers
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Increased costs for employers
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The New Year is an excellent opportunity for businesses to review their finances and plan effectively for the months ahead. With annual increases in national living, minimum wages and other statutory payments set to come into force in April 2025, it is essential to prepare for these changes in advance.…
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Regional hiring slumps as Labour’s NI rise dents employers’ confidence
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Employment outside London fell significantly after Chancellor Rachel Reeves unveiled her first Budget, leaving regional businesses scrambling to contain costs. Recruitment firm Robert Walters reported a 45% fall in fee income from operations outside the capital during the final quarter of 2024, while income in London rose 3%. The company…
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UK employers urged to adopt fertility policies or risk losing talented staff
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Companies that fail to support employees undergoing fertility treatment risk high staff turnover and increased sick leave, according to the Chartered Management Institute (CMI). NHS figures show that one in seven couples now face fertility challenges, leading to calls for formal workplace policies that include flexible working hours, paid leave…
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A secretary turned $180 into $7.2 million by holding her employer’s stock for 75 years
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Image showing counting of $100 bills.Ore/Reuters A secretary bought three shares of her company’s stock for $60 per share in 1935. Grace Gruner reinvested her dividends for 75 years, and her stake swelled to $7.2 million. Her employer, Abbott, shared Gruner’s story in a recent website post. A secretary paid…
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Mergers make Matrix one of Israel’s biggest employers
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After recent mergers, an Israeli IT services and consulting company Matrix (TSX:MTRX) has become one of the largest employers in Israel with 12,500 employees, including 10,682 in Israel at the end of the third quarter. This is a larger number of employees than Intel Israel, which for many years until…
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Rayner’s workers’ rights overhaul could cost employers up to £5bn annually, government warns
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Angela Rayner’s ambitious reform of workers’ rights could burden UK employers with nearly £5 billion in extra costs every year, according to an impact assessment published by the government. The reforms proposed in the Employment Rights Bill could lead companies to raise prices, cut wages, or reduce investment as they…
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Rayner’s workers’ rights overhaul could cost employers up to £5bn annually, government warns
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Angela Rayner’s ambitious reform of workers’ rights could burden UK employers with nearly £5 billion in extra costs every year, according to an impact assessment published by the government. The reforms proposed in the Employment Rights Bill could lead companies to raise prices, cut wages, or reduce investment as they…
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Rayner’s employment rights overhaul to grant 9m workers the right to sue employers
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Deputy Prime Minister Angela Rayner is set to give an additional 9 million UK workers the right to sue their employers for unfair dismissal from day one of their jobs, as part of a sweeping reform of workers’ rights. Currently, employees must remain with the company for two years before…
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A guide to the new legal duty on employers to prevent workplace sexual harassment
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A new duty on employers to take reasonable steps to prevent sexual harassment is imminent. What should businesses do to prepare? From 26 October 2024, employers will have a new duty to take reasonable steps to prevent sexual harassment of their workers. This new protective duty is contained in the…
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Judge backs office romance, warns employers not to interfere
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The Labor and Labor Relations Court has ruled that romantic relationships between employees are legal and has barred employers from implementing policies or laws that interfere with matters of the heart. In a landmark ruling, the court warned employers against interfering in workplace romantic relationships, warning that such interference could…
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UK employers plan lowest pay rises in two years
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Employers in the UK are planning their lowest pay rises in two years, according to the latest survey from the Chartered Institute of Personnel and Development. Information from Reuters. UK employers plan to raise wages by just 3% next year Lowest planned increase in two years A significant drop from…
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How employers can meet needs of Gen Z workers
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The emergence of Generation Z into the workforce represents a pivotal moment for organizations around the world. Generation Z, like all generations before it, has a unique perspective. They are digital natives who have grown up in an era of rapid technological development and have a strong sense of social…
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Adjusting non-taxable benefits a win-win for employees, employers
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The Finance Bill 2024 continues to generate controversy due to its potential impact on the financial well-being of Kenyans. Many have expressed concerns about the imminent burden it imposes on citizens through increased taxes. However, amid this apprehension, the bill offers a ray of relief and hope. One laudable proposal…
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U.S. job openings reach a 3 year low. It’s an employer’s market now
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US job openings fell in April to their lowest level in more than three years, consistent with a gradual slowdown in the labor market. The number of jobs available fell to 8.06 million from a downwardly revised reading of 8.36 million the previous month, the Bureau of Labor Statistics’ Job…
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Dollar drops as employers add fewer jobs than expected in April By Reuters
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Written by Karen Brettell NEW YORK (Reuters) – The dollar fell to a three-week low against the yen on Friday after data showed U.S. job growth slowed more than expected in April and annual wage gains slowed, raising bets that the Federal Reserve (the U.S. central bank) will cut… Interest…