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26th November 2019 Join The Discussion On Whether UK Employers Will Suffer Or Benefit From More Than Half Employees Changing Jobs Next Year
Most UK political partys in the UK have promised massive investment in the UK economy in 2020 and next 5 years.
- With the UK at near full employment levels and near record numbers of people in employment in UK where are the people to fill these new jobs?
- What will it mean for average UK wages in 2020?
- What should employers be doing to retain existing staff and fill UK job vacancies?
14th November 2019 More Than Half UK Employees Looking To Change Jobs in 2020
Research by TotalJobs and Universum has discovered that 54 percent of UK employees are planning to change jobs in 2020. If UK employers want to continue their business operations without interruption they had better have a suitable employee engagement plan in place now.
Replacing employees in UK who have left to join another employer could be difficult. There is near full employment in UK. Unemployment in UK is lowest since 1974. If UK employers do not retain their existing staff they could find it significantly more expensive to find suitable replacement.
Employee retention is more than paying them at least the going rate. It includes ensuring job satisfaction. UK employees are more likely to stay if they have career progression opportunities professional training and development and they are fully engaged in the business within their current current roles and responsibilities.
15th October 2019 UK Employment Dips In The 3 Months To August
The numbers in employment in UK dipped in the 3 months to August. The unemployment rate rose to 3.9 percent from 3.8 percent. Employment levels and are still close to record highs and the unemployment rate still close to record lows not seen since the 1970s.
UK average wage rises are still high in comparison levels seen over the last decade and more. Wages are rising at 3.8 percent in the 3 months to August compared to 3.9 percent. Living standards in UK still rising as UK inflation significantly lower.
28th August 2019 Record High Employment In UK Creating Skills Gap That Will Push UK Wages Higher Faster
Near record high employment levels in UK does not mean employers have stopped hiring. UK employers need more staff and are continuing to try hire staff.
Brexit and a global economic slowdown is not putting off UK employers from hiring more staffBusinessRiskTV
Demand for permanent staff in UK is rising according to latest survey from Recruitment and Employment Confederation REC.
UK employers are confident in the UK economy even if many UK politicians are not. Significantly more UK firms report they are hiring permanent staff than those who are not. SMEs in particular are in hiring mode.
Whilst most economists are worried about Brexit and global economic slowdown UK business leaders are worried about finding suitably skilled staff to fill job vacancies to grow faster. There seems to be a gap between people who are in business and economic experts who talk about the UK economy!
UK employment rate is 76.1 percent the joint highest figure since records began in 1970sBusinessRiskTV
Although economic uncertainty is not holding recruiters back it is keeping UK interest rates artificially low. With such employment levels and low inflation UK interest rates would otherwise have risen already.
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What job are you looking for today to improve your career tomorrow
Job hunters in the UK are now back in the driving seat. A growing UK skills shortage means you should now be reviewing your worth to your present employer and potential future employers in UK. If wages rise faster in the UK more people will have more money to spend and businesses and good employers will grow faster more sustainably. The UK economy will grow faster. Its your duty to the country to look at other employers job offers and get a pay rise!
Highest on record UK employment levels and low unemployment figures means that there is more demand than supply in the jobs marketplace. This means you are worth more now than you have been for years! Click on a pay rise today.
Pick the best job for you via BusinessRiskTV. Whether that’s more money less commuting promotion or whatever it is you want from a job its out there now. You just need to be open to new job opportunities in the UK to get more of what you want.
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- Boost your pay today
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To set off in a new career direction in the next couple of months you need to start new job hunting right now.
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6th April 2019 UK Pay Rise From April
From April 2019 the national living and minimum wage will increase.
- National Living Wage increasing for £7.83 to £8.21
- National Minimum Wage will go up to £7.70 per hour for workers aged between 21 and 24, and £6.15 per hour for those aged between 18 and 20.
- Tax free Personal Allowance has been increased from £11850 to £12500
- Upper Threshold has increased to £50000 for higher rate taxpayers
Minimum contributions into workplace pensions are increasing to 8%. Employees will have to increase workplace contributions to up to 5 percent. Increased UK pension contributions will hopefully lead to increased pensions upon retirement in future.
19th February 2019 Employment Rate In UK Highest Since 1971 which is when records began
According to the Office for National Statistics ONS UK employment rate is the highest since 1971 during the period October to December 2018.
UK unemployment rate remains lowest since 1975 at 4 percent.
UK weekly average earnings rose 3.4 percent. Real wages in UK adjusted for inflation are now at the highest level since March 2011.
Job vacancies in the UK are at the highest level since records began. This means wage increases in the UK will continue to outstrip inflation in UK as employers face a skills gap crisis and have to pay more to attract and retain employees.
22nd January 2019 Number Of People In Work In UK At Record High
According to the UK Office for National Statistics ONS a record high of 32.54 million people are working in UK.
Average UK earnings increased by 3.4% in the year to November. UK wages are growing faster than the cost of living. On average the standard of living in UK continues to rise indeed is accelerating as wages are rising faster and the cost of living increase is slowing.
In addition the number of job vacancies rose by 10000 to a record high of 853000.
13th November 2018 Wages In UK Increasing At Fastest Rate Since 2008
The UK unemployment rate has increased slightly but wages are increasing at faster rate. The unemployment rate increased to 4.1 percent.
Average weekly earnings excluding bonuses rose by 3.2 percent on the year in the third quarter of 2018 which is biggest rise since the fourth quarter of 2008
The Bank of England BoE is forecasting wage growth at 3.25 percent by late 2019.
14th August 2018 UK Youth Unemployment At Lowest Level Since Records Began in 1992
In the age group 16 to 24 in the second quarter of 2018 the number of people who were unemployed was the lowest since record began in 1992.
The total number of unemployed in the UK fell to lowest level since 1976.
The unemployment rate in the second quarter of 2018 fell to 4 percent according to the Office for National Statistics ONS which is the lowest unemployment rate since early 1975.
UK job vacancies increased to a record high of 829000.
UK average wages were increasing by 2.4 percent in June 2018 down from 2.5 percent in May 2018.
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