Category: Latest Articles
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Excessive overtime deters would-be auditors
The latest audit quality inspection report by the Financial Reporting Council (FRC) suggests that the amount of overtime worked by auditors is a significant barrier to entry to the profession, while a lack of a reasonable work/life balance remains the principal reason why people leave the industry. The FRC found that there were “significant” variations…
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Review to assess dependence on overseas employees
Computing and engineering firms have relied on significant numbers of foreign workers for at least a decade, according to the Home Secretary Yvette Cooper. Ms Cooper, who has announced a review by the Migration Advisory Committee (MAC) to assess the dependence of certain sectors on overseas employees, argues that there has been a failure to…
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Cost of staff sickness grew to £103bn in 2023
The hidden cost of rising workplace sickness in the UK has increased to over £100bn a year, and there has been a significant loss of productivity due to presenteeism, according to a report by the Institute for Public Policy Research (IPPR). The cost of staff sickness grew to £103bn in 2023. The annual bill was…
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Fewer than half of Asda staff back strategic plan
Fewer than half of Asda workers are confident in the supermarket’s long-term strategic plan, according to a recent staff survey. The survey, completed by 75,591 employees, also revealed that only 48% of staff felt they were able to explain the benefits of the “Future Programme” which involves moving the company’s IT systems away from Walmart….
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AI can improve workers lives and boost economy, says Google exec
Debbie Weinstein, the managing director of Google UK and Ireland, says AI can help “improve the lives” of workers and boost the economy. With Google analysis showing that nearly two-thirds of jobs across the UK could be enhanced or improved by the use of AI, Weinstein said: “What this research really unpacks is this idea…