The labor force participation rate was unchanged at 61.6 percent in October and has remained within narrow range of 61.4 percent to 61.7 percent since June 2020.
Tag Archive for Employment
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Treasury mulls employment allowance boost for small business hiring
by Timothy Adler • • 0 Comments
Originally written by Timothy Adler on Small Business
Rishi Sunak is debating whether to increase the employment allowance in order to encourage Britain’s 5.9m small business to take on more staff.
Currently, small businesses can save £4,000 off their national insurance bill through the employment allowance. More than 600,000 small businesses pay nothing in national insurance contributions through the scheme.
But the Treasury is mulling whether to increase the employment allowance much further in order to head off what has been dubbed “Jobpocalypse Now” as workers come off furlough. The Coronavirus Job Retention Scheme will expire completely by end-October. The Bank of England expects unemployment to jump from 4 per cent to 9 per cent between April and June 2020, the highest rate since 1994 – and that is even before the furlough scheme even starts to wind down from August.
Separately, the Treasury is also debating whether scrap national insurance this year for small businesses, a proposal which the Taxpayers’ Alliance estimates could save or create between 595,000 and 892,000 jobs
Tej Parikh, chief economist at the Institute of Directors (IoD), told the Telegraph that “Increasing the employment allowance would be a sensible step to take in the Budget statement,” he said.
Craig Beaumont, director
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When should a small business think about outsourcing HR?
by Partner Content • • 0 Comments
Originally written by Partner Content on Small Business
Like any other business, a small business – whether it’s a microbusiness with less than 10 employees or a fast-growing scale up – needs to take care of HR.
What does HR involve?
Staff recruitment and retention
Onboarding new employees
Training
Performance evaluation
Health and safety
Coping with long-term sickness
Employee relations issues including discrimination claims, redundancy, grievances and dismissals
However, all this can be difficult to manage for you, the overstretched business owner.
See also: Six HR mistakes start-ups make and how to avoid them
Businesses with fewer than 50 employees rarely have an HR team. Instead, a finance director who may have had some relevant experience in the dim-and-distant past is seconded to the role. Not only does this leave your small business wide open to legal challenges when HR procedures are not followed, doubling up like this reduces your FD’s productivity.
And if you yourself are handling HR, it takes time away from running your business and dents productivity – one of the biggest challenges facing any small business.
Let’s look at three of these responsibilities in more detail:
Recruiting and retaining staff
Finding and keeping talent is seen as the biggest headache for most small businesses, especially when larger companies can lure staff away
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Report: Booming Cannabis Industry to More Than Double Employment Within a Year
by dispensaries.com • • 0 Comments
Legal marijuana is creating a vast number of new, well-paying jobs with no sign the growth will slow any time soon.
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As a Parent, Should I Go Back to School?
by Holly - The Work at Home Woman • • 0 Comments
Sponsored by Strayer University If you left your traditional 9-to-5 behind to stay-at-home with your kids, it can be challenging to figure out what’s next for your career path. With new technology and innovations, you may not have the skills and the latest cutting-edge knowledge about your industry anymore. Maybe your interests and passions have […]
The post As a Parent, Should I Go Back to School? appeared first on The Work at Home Woman.
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Work experience: can I employ my own children over the summer holidays?
by Anna Jordan • • 0 Comments
We are now well into the school summer holidays and if you have older children at home, you’ll be only too aware that it’s an expensive and potentially frustrating time of year. They can be a big distraction to keep entertained, not to mention costly, and inevitably they will spend a lot of time on
The post Work experience: can I employ my own children over the summer holidays? appeared first on Small Business.
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SMEs failing to tap the potential of 4.7 million employees
by Owen Gough • • 0 Comments
A third of the UK’s small business workforce aren’t getting the input they need to further their career, according to research by SME HR software provider, breatheHR. Almost a third (30 per cent) of respondents never have meetings about their personal development outside of their annual appraisals – this is a potential 4.7 million of the
The post SMEs failing to tap the potential of 4.7 million employees appeared first on Small Business.
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Small businesses driving record UK employment levels
by Owen Gough • • 0 Comments
Small and medium sized enterprises (SMEs) have driven more than 70 per cent of private sector employment growth in the UK since 2011, new research out today by npower Business and Capital Economics reveals, and now employ a stunning 15.7 million people nationally. This represents almost 50 per cent of the entire working population in the UK.
The post Small businesses driving record UK employment levels appeared first on Small Business.
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Study: You Spent Way More Time on Your Application Than a Potential Employer Did Reviewing It
by Rose Leadem • • 0 Comments
Here’s something to think about before you invest your entire afternoon on that job application.