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Welcome to HR & Recruiter TV, latest recruitment headlines, brought to you by The Technology
In Recruitment Alliance and sponsored by Smart Recruit Online, CV Library and APSCo.
Making the recruitment headlines this month: New research carried out by the Timewise foundation
has found that more than 75% of part time workers feel trapped in their jobs. They are
struggling to get promoted or find another flexible role that fits within their skills
set. Research found that only 3% of UK job vacancies for part time roles offered a pro-rata
salary of £20,000 or more. In this survey 7 out of 10 people said they have had to downgrade
the salary and job level they applied for. A survey conducted by Price Water House Cooper,
has revealed that a rising sick bill is costing UK businesses over £29 bn every year. UK
workers take 4 times more days off work than their global counterparts. It has been found
in the UK that the best performing sectors have reduced absence levels. The technology
sector has the lowest level of sick days, 3 times lower than public sector working.
The Guardian has reported that MP's could see their pay increase by almost £10,000
with an automatic increase each year in line with average earnings. Wages would increase,
however the IPSA (independent parliamentary standards authority) will be cracking down
on perks and expenses. This news is certain to outrage the public given the recent public
sector wage freezes and in many cases wage reductions.
By 2020 Network rail's debts could reach as much as £50 billion. A report issued by the
Office of rail regulations has revealed that by 2029 network rails interest payments will
consume a third of its budget. Network Rail is currently supported by an annual £4 billion
government subsidy. The office of rail regulations has warned that spiralling debts could see
price increases for commuters and has suggested privatising sectors of network rail to avoid
financial ruin. The European banking authority has found more
than 2,400 UK bankers were paid more than £1 million in 2011. This is 3 times more
than the rest of the EU nations put together. Unite national officer Dominic Hook has said
"there is a huge gap between the highest and lowest paid workers in Britain's financial
services industry. It is high time that banks addressed this gap. Spreading reward more
evenly across the banks would embed a culture of fairness and responsibility.
More than 2,000 shop floor staff at Sports Direct are to receive £100,000 bonus after
record profits. The bonus scheme was set up in 2009 for any full time staff that had worked
in the company for a year and stayed on for a further four. Over the past year the company's
profits have increased by 40% boosted by the 2012 summer of sport. Sports Direct is now
in 19 countries and is set to open inside some of the biggest Tesco superstores.
Google is now hiring less and less graduates. A data analysis carried out by Google found
there to be no correlation between high college test scores and performance within the company
except for, in the case of recent education leavers.
Google's VP President of people Laszlo Bock has said "After two or three years, your ability
to perform is completely unrelated to how you performed when you were in school, because
the skills you gained in college are very different. You're also fundamentally a different
person. You learn and grow and you think about things differently".
Well that's all from me this month, I am Rachael Downie speaking for Recruiter TV, brought
to you by The Technology In Recruitment Alliance and sponsored by Smart Recruit Online, CV
Library and APSCo. If you have enjoyed listening today don't forget to leave comments and hit
the subscribe button and don't forget to check out this month's back to work bulletin.