Business News

November 10, 2011

Employment Trends 2011

2011 sees more women in the UK Board room but more needs to be done to readdress the balance claims the UK’s Minister for Equalities.   FTSE 100 companies were praised by the Minister, Lynne Featherstone for some progress in adding women to their board level positions but highlighted that more needed to be done to embrace diversity in order to improve their business performance and help to boost the UK economy. Featherstone said “The Government’s priority is to get the economy back into shape. That means dealing with the deficit and stimulating growth. Better use of women could be worth between £15 billion & £23 billion each year, and research shows that companies with higher proportions of women on their boards perform better than their rivals”. Nevertheless, the gender imbalance has improved in 2011 with 22.5% of new FTSE100 directorship appointments going to women.   A study has been commissioned to research the numbers of American and European executives moving to Asia.  Leading Companies from both America and Europe are quickly expanding into the growth markets of APJ (Asia, Pacific, Japan) and the Bric nations (Brazil, Russia, India, China) and taking their top executives with them. Results of the study […]
November 10, 2011

The International Labour Organization Warning

The International Labour Organization (ILO) has warned that it will take at least five years for employment in advanced economies to return to pre-crisis levels and separately the OECD (Organisation for Economic Co-operation and Development) said it was critical that rescue plans by Euro leaders were followed through. In its ‘World of Work Report 2011’ the ILO said a stalled global’ economic recovery had begun to “dramatically affect” labour markets. It said 80 million net new jobs would be needed over the next two million years to get back to pre-crisis employment levels. Meanwhile in its latest projections for G20 economies the OECD forecast China’s growth staying well ahead but slipping from 9.3% in 2011 to 8.6% in 2012 compared with the US at  a predicted 1.8% for 2012 and the Euro area a mere 0.3%. Studies are also showing that the workforce market place is becoming much less dynamic with the number of people leaving their jobs voluntarily having halved in the last 13 years. Whether this is because of concerns with moving into new roles or because employers have gradually become more successful at retaining staff has yet to be researched.