Posted on September 30th, 2015 in Commercial, Construction, General, Hospitality, Industrial, Oil and Gas, Social Care & Housing
It’s that time of the year again when the National Minimum Wage rates increase. As of October 1 2015 the National Minimum Wage will increase as follows:
- Adult rate for anyone over the age of 21 will increase by 20p to £6.70 per hour
- For 18 – 20 year olds the rate will increase by 17p to £5.30 per hour
- The hourly rate for 16 – 17 year olds will be increasing by 8p to £3.87 per hour
- The apprentice rate will increase by 57p to £3.30 per hour
- Accommodation offset increases from £5.08 to £5.35
It is the duty of the employer to recognise this change and amend employee salaries accordingly.
If you are an employer or a prospective candidate and you need advice about the new minimum wage please get in touch to find out how we can help.
Posted on August 25th, 2015 in Commercial, Construction, General, Hospitality, Industrial, Oil and Gas
In our ever-changing labour market, various job trends come and go and subsequently, the demand for various skills and qualifications is also changing.
Polarization of the UK labour market, fuelled by the recession in 2008, has played a large role in encouraging these changes, with jobs at both the bottom and top end of the market growing, while jobs in the middle ground began to decline, providing the UK with an ‘hourglass’ labour market. In general, the market experienced demand in low-paid, low skilled jobs and high-paid, high-skilled jobs, with routine work being significantly affected by polarization. So the question is – which specific jobs are now in high demand and how should we be building our skill sets?
In the interest of revitalising the economy, areas of growth are found mostly to be within non-routine work, whereas around a decade ago, routine work held a steady position. However with new technologies becoming the most appealing candidates for routine work, many positions have now become obsolete.
With professional and managerial jobs on the rise, titles such as, ‘marketing manager’, ‘finance manager’ or ‘sales manager’ are amongst the most desirable positions in the UK labour market today. Other popular areas such as product management, IT, software and law also rank highly.
In terms of career opportunities, these sectors are particularly desirable to students and more specifically, graduates, therefore it is no surprise that courses in these areas are among the most popular in the UK. Most UK universities now have dedicated business schools, specialising in various subjects, such as Marketing, Finance, Economics, Human Resources and Management. According to Business Insider, business students also have the advantage, as these industries are currently recruiting the most graduates in the UK.
According to recruiting experts there is an increasing demand for candidates with skills within the marketing profession, specifically digital skills,as the economy begins to restore itself. They also found that business skills in other areas, such as finance are in high demand, as the private sector continues to grow. In the interest of an economic upturn, experts also predict an increasing demand for professionals in Human Resources, qualified to employ the right candidates for the right positions.
With consideration for the decline in routine jobs, it would seem that managerial roles are quickly becoming the most desirable roles, with business-related degrees providing widespread advantages in the current labour market. And according to the Scottish Government, creative industries are amongst the country’s growth sectors, therefore providing a ‘comparative advantage’.