Anticipated changes to the UK’s statutory sick pay (SSP) system stand to bring significant modifications to how low-paid workers and employers navigate the complexities of employee illness and compensation. Currently, employees with earnings below £123 per week do not qualify for SSP, leaving a substantial fraction of the workforce unsupported during periods of illness. Meanwhile, qualifying employees earning above this
Despite the significant strides women have made in the workforce, the persistent gender pay gap continues to be a significant issue. Studies consistently show that women, on average, earn less than their male counterparts for the same work. Beyond the societal and systemic barriers, women also face an internal challenge of confidence which inhibits them from negotiating their salaries effectively.
The expectation for professionals to provide training, workshops, and speaking engagements for free has become widespread, especially since the onset of the COVID-19 pandemic. The shift towards virtual sessions initially encouraged experts to offer their services at no cost to maintain their visibility during uncertain times. However, this well-intentioned gesture has evolved into an ongoing expectation, one with far-reaching consequences
As artificial intelligence (AI) continues to evolve and integrate into various aspects of our daily lives, the issue of data ownership and fair compensation becomes increasingly important. A critical challenge faced by many is ensuring that the individuals who provide valuable data for AI training and deployment are adequately recognized and compensated fairly. Enter IPTO.ai, a revolutionary blockchain-based platform designed
Navigating the complexities of compensation in the modern hiring landscape can be a daunting task for employers striving to attract top talent. Companies are constantly seeking innovative solutions to make informed pay decisions, align with market trends, and streamline the hiring process. HiringThing has introduced a groundbreaking feature called AI Pay Rate, an enhancement to their applicant tracking system (ATS),
The modern workforce is evolving, and with it, the perspectives on what makes a valuable employee. Traditionally, a college degree has been seen as a ticket to career success, but is it really necessary? In this article, we explore why employers should consider hiring candidates without college degrees and what qualities to look for in such individuals. The Value of
In its deliberate approach to addressing the complexities of cryptocurrencies, the SEC opted for another delay in its verdict on the spot Ethereum ETF. The extension grants the SEC an opportunity not only to conduct an in-depth examination of Ethereum’s suitability for ETF status but also to source public insight, which could heavily sway the conclusion. This speaks to the
Human Resources (HR) metrics are essential tools that help HR professionals evaluate the value and effectiveness of their initiatives. These metrics provide crucial data on performance, efficiency, and efficacy, guiding organizations toward better decision-making and optimization. By recognizing patterns and trends, HR metrics play a pivotal role in driving organizational success and efficiency. Understanding these metrics allows organizations to strategically
In the fiercely competitive landscape of today’s business world, retaining top talent has become a paramount concern for CEOs. Losing key employees not only incurs high recruitment costs but also leads to a loss of institutional knowledge and diminished productivity. CEOs must proactively address these challenges to cultivate a stable, committed, and high-performing workforce. Building a Strong Company Culture Cultivating
The economic landscape for UK businesses is poised for significant changes come 2025, as increased employment costs begin to take their toll. This financial strain, driven by heightened employer taxes and reductions in national insurance thresholds, is prompting companies to rethink their salary budgets and overall employment strategies. As businesses scramble to adapt to these new realities, the ramifications are
When in need of extra help without having the budget to hire more employees, tapping into the growing pool of talented freelancers can be an ideal solution. According to Statista, by 2027, freelancers are expected to comprise more than half the workforce, equating to roughly 86.5 million people. Hiring freelancers allows businesses to access specialized skill sets without the commitment
In an increasingly volatile job market, the ability to retain top talent has become a critical component for businesses looking to maintain their competitive edge. Statistics show that investing in initiatives to reduce employee turnover is not just a cost-saving measure but also essential in maintaining a productive and motivated workforce. The Conference Board provides insight into four major areas
