The ongoing financial difficulties faced by UK businesses, exacerbated by a sudden surge in employer tax hikes, are becoming ever more apparent. A notable 50% increase in the number of UK companies experiencing “critical financial distress” was observed between September and December 2024. This figure, which rose to an alarming 46,583 companies from 31,201 in the previous three months, signifies
The financial outlook for employees in the United Kingdom is bleak for the year 2025 as employer national insurance costs are projected to influence salary increments negatively. According to a recent survey conducted by Incomes Data Research (IDR), a significant number of organizations are preparing for lower salary increases compared to the previous year. This trend is anticipated due to
In a world where financial stability directly impacts employee productivity and overall well-being, ensuring that workers have the tools and resources they need to manage their finances effectively has become a significant challenge. Addressing this issue head-on, PayCaptain, a leading UK payroll software provider, has introduced an innovative feature called ‘SmartPay.’ This move aims to enhance employee financial security and
Over half of the Singaporean workforce is now considering taking up second jobs to boost their earnings due to inadequate salary increments and spiraling living costs. In this climate of financial strain, a striking 24% are looking to augment their earning potential, while a significant 56% are either actively searching for or contemplating another job to mitigate job insecurity. The
Salesforce (NYSE:CRM) has been a dominant player in the enterprise software space for years, but questions about its future revenue growth have arisen due to various market dynamics and competitive pressures. With the advent of groundbreaking technologies like AI and continued cloud migration, Salesforce is well-positioned to leverage these trends for substantial revenue growth by 2025. This optimism, however, needs
Recent studies have shed light on a concerning trend affecting thousands of employees across the UK—outdated expense management systems are leading to substantial financial losses. According to research conducted by Weavr, these antiquated processes cost office workers millions annually, and the ramifications extend far beyond mere economic inconvenience. The survey, involving more than 500 office workers, unveiled a staggering £690
Despite years of efforts to bridge the gender pay gap in the UK, recent analysis shows that it will take until 2065 for the gap to close, highlighting a concerning reality that progress is still painstakingly slow. A study conducted by pensions and reward company Isio analyzed data from 10,000 companies, revealing that women’s median hourly pay in the 2023-24
A growing consensus is emerging among employers and researchers about the need for stricter enforcement and potential banning of unpaid and underpaid internship schemes. The research conducted by the Sutton Trust highlights several critical issues related to access and equitable distribution of internships, which have become essential for securing desirable job positions. Presently, there is a noticeable class divide that
In today’s highly competitive job market, employers strive to differentiate themselves by offering unique benefits packages to attract and retain top talent. Beyond the essential elements like health insurance, retirement plans, and paid time off, a growing trend includes offering estate planning services as an additional employee perk. This unconventional benefit significantly contributes to the financial well-being of employees and
In 2024, a significant shift has emerged in the landscape of employee bonuses, characterized by an increase in the average bonus amount but a decrease in the overall number of employees receiving them compared to recent years. Companies are strategically directing bonuses towards retaining top-tier talent rather than broadly distributing them across the workforce as seen during the hiring booms
In a major initiative that began in 2024, BetConstruct and Fast Track are expanding their collaboration to introduce an advanced player engagement and CRM solution designed specifically for the Latin American iGaming market. This dynamic partnership aims to leverage AI technology and real-time data, enhancing player retention and crafting personalized experiences. As the Latin American region, including Brazil, is on
In today’s competitive business landscape, maintaining strong customer relationships is crucial for success. Customer Relationship Management (CRM) systems have become indispensable tools for businesses aiming to enhance customer experiences, streamline operations, and drive growth. By leveraging CRM strategies, companies can manage and improve customer interactions, leading to increased satisfaction and loyalty. The evolution of technology has prompted significant advancements in
