An analysis of pay award trends throughout 2024 reveals an intriguing shift in the percentages of pay rises compared to previous years. While these increases have generally shown a downward trend since the start of the year, they remain relatively high when juxtaposed against the previous decade’s s
Salary sacrifice schemes have undergone a significant transformation over the past five years, evolving from traditional benefits to becoming a key driver in promoting sustainability and providing substantial cost savings. Initially, these schemes were primarily used for long-term benefits, with
The rapidly evolving world of recruitment is continuously shaped by numerous trends and innovations, with 2024 promising to bring even more transformative changes. With 54% of recruiters emphasizing the impact of quality of hire on the future of hiring processes, the landscape is certainly poised
As artificial intelligence continues to revolutionize industries, companies face a critical challenge in equipping their workforce with the necessary AI skills to stay competitive in the market. Despite the enthusiasm of employees eager to harness generative AI capabilities, many corporations fall
HSBC has made a significant investment in TechWolf, an AI-powered skills intelligence platform, reflecting a wider industry trend towards leveraging technology for enhanced workforce capabilities. This move underscores HSBC's commitment to advancing skills intelligence and supporting
The job market in 2024 presents a daunting landscape for job seekers, marked by numerous obstacles that make the process more difficult than ever. From systemic issues within the hiring system to the evolving role of technology, job seekers face a myriad of challenges that contribute to a
A recent study by Greenhouse has disclosed a worrying trend in the job market: a staggering 61% of job seekers have experienced 'ghosting' during their job search, where they hear nothing back after applying or interviewing for positions. This phenomenon has amplified the frustration
In a significant development for gender equality in corporate governance, the proportion of women on the boards of the UK’s top 150 companies has increased from 40% to 43% this year, according to the 2024 Spencer Stuart Board Index. With women making up 53% of all non-executive directors, they are c
The recent budget announcement in October has cast a shadow of uncertainty over the UK labor market, with projections for 2025 looking increasingly precarious. Despite the UK economy performing better than expected in 2024, the labor market is showing signs of strain, as evidenced by a significant
The British government has announced a landmark compensation scheme for LGBT veterans who were forced to leave the British Army due to their sexual orientation. This significant move aims to address the historical injustices faced by these veterans and reflects the broader societal changes toward
