UK: WORKER SHORTAGES BOOST PAY IN SOUTH-EAST
Article Abstract:
A report by labour market analysts Incomes Data Services (IDS) has revealed severe shortages of manual workers, IT staff and social workers in local government areas where the economy is close to full employment. Similar problems have been experienced in the private sector, thanks to soaring house prices. Councils are being forced to offer extra pay to recruit and retain core staff. IDS found large variations in pay awards within councils that had opted out of the national bargaining agreement. Guildford is considering introducing market supplements across the board in order to recruit care, cleaning and catering workers, as well as professional staff. The tightness of the labour market is a major concern of the Bank of England's Monetary Policy Committee.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 2000
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UK: SHORTAGE OF WHITE COLLAR SKILLS
Article Abstract:
There is a shortage of white-collar professionals such as lawyers and accountants. The Confederation of British Industry found skills shortages in business were at their highest level for two years. The CBI also found shortages of managerial staff. Some 33% of firms surveyed said the lack of qualified staff would discourage them from investing in their business. Forty six percent felt staff shortages would harm their ability to expand. A shortage of skilled workers means companies have to pay more to recruit and retain staff. Despite record numbers being in work there has been a slowdown in pay and bonuses. Intense competition also means firms are unable to pass on rising costs to their customers, instead absorbing them into their profit margins.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 2000
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UK: AVERAGE PAY AWARDS BELOW INFLATION
Article Abstract:
Industrial Relations Services (IRS), an independent pay analyst, has revealed that for the three months until June 2000, pay awards were averaging less than inflation. In the UK headline inflation was 3.1% in May, and 3.3% in June, compared to the average pay award of 3%. However IRS predicts that the increase in inflation will probably lead to marginal increase in pay awards in the near future.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 2000
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