Author: Admin

Research by SCM Direct and the Evening Standard reveals that some of Britain’s highest-paid CEOs have significantly underperformed the stock market over the past three years, challenging the justification for their substantial remuneration. Alan Miller of SCM Direct stated: “The correlation between pay and share price performance is, at best, weak.” Despite CEO pay soaring…

According to a new report from the Work Foundation, insecure work often traps individuals rather than serving as a pathway to better employment. The study tracked 10,000 people over four years, revealing that 44% remained in precarious jobs, while 9% fell out of work entirely. Ben Harrison, director of the Work Foundation, stated: “The very…

Metro Bank is set to announce the elimination of 300 jobs as part of its £80m cost-cutting strategy. This follows a previous announcement of 1,000 job cuts, representing 22% of its workforce, and comes after the bank’s £925m rescue deal led by Colombian billionaire Jaime Gilinski Bacal. Chief executive Daniel Frumkin stated that the bank…

The International Labour Organisation (ILO) has reported a significant decline in the global labour income share, which has fallen by 1.6% since 2004. This decrease translates to an annual shortfall of $2.4 trn in 2024 compared to what workers would have earned if the share had remained stable. Celeste Drake, the ILO’s deputy director-general, said:…

Evelyn Forde, former president of the Association of School and College Leaders, has highlighted the issue of systemic racism within the teaching profession, stating that opportunities for non-white teachers are “stacked against” them. Speaking at a WomenEd event, she emphasised the need to “unblock” the pipeline for applications to initial teacher training (ITT) from people…