Targeted subsidies better than employer tax breaks for Neets

Offering targeted subsidies rather than tax breaks to provide routes into work would be the most cost-effective way to tackle the Neets crisis, according to a think tank. The Resolution Foundation’s Take a chance on me report argues that there is a “vast gulf” in effectiveness in the range of proposals put forward by the

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Slow jobs market recovery under way, new figures suggest

The UK jobs market continued to show signs of recovery in May, with vacancies rising for a fourth consecutive month, but the outlook for graduates has deteriorated further. New figures from job matching platform Adzuna show UK vacancies increased by 2.85% month-on-month to 799,737 in May, extending the first sustained run of growth since the

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Fraction of HR departments effective at project management

Less than a fifth of HR departments are highly effective at project management, a report by McLean & Company has claimed. The advisory company’s HR Management and Governance Survey 2023-2025 found that just 19% of HR respondents felt their department was highly effective at delivering projects on time, in scope, and with clear impact. As

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Employers of high earners vulnerable to compensation cap lift

Employers of people on high salaries are becoming increasingly vulnerable to costly employment tribunal claims in advance of the current cap on compensatory awards for unfair dismissal being lifted. New figures have revealed that about 840,000 PAYE taxpayers now earn more than the current maximum compensation available for unfair dismissal. Analysis of HMRC data by

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Revolut drops ‘remote-first’ policy for new graduates

Revolut has confirmed that it will require graduate hires to attend the office at least three days per week to help benefit their careers. The fintech company, which became a licensed bank in the UK in March, has advocated a “remote-first” approach for staff, unlike most traditional institutions in the financial sector. From 2027, graduates

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