British firms are increasingly counting the cost of making redundancies, according to City law firm Wedlake Bell.
Data provided in response to a Freedom of Information Act request reveals redundancy payments have cost UK firm’s £13.4bn in the past three years, while there have been 470,000 redundancies in the year to March, down from 480,000 in the previous year.
Goodwin: Central European powerhouse
Recruitment software provider Bullhorn has launched social media-focused platform Bullhorn Reach.
The platform enables recruiters to find and connect with qualified candidates via Facebook, LinkedIn and Twitter.
The site offers social media connection, intelligent candidate sourcing, metric-based breakdowns, as well as aiming to provide improved search results.
The Association of Executive Search Consultants (AESC) has announced its support of the new Voluntary Code of Conduct by executive search firms to address gender diversity on corporate UK boards and best practices across the executive search process.
Bracher: training recruiters’ capabilities
Legal staffing specialist Shilton Sharpe Quarry has seen profits grow, according to audited results for the year ended 31 December 2010.
The group’s results reveal profit before tax rose 116% to £3.3m, while gross profit was more than £10m, up 43% on 2009.
Infrastructure, construction and civil engineering staffing specialist Project Resource is to open a new London office.
The office opens on Monday, 1 August and follows the opening of a new Manchester office in July.
International recruiter Harvey Nash is expecting a 20% increase in revenues, according to a trading update.
SMEs are increasingly concerned about rising operational costs due to the scrapping of the default retirement age (DRA), according to research from multi-sector recruiter Search Consultancy.
The Institute of Recruiters (IOR) and insurance broker Lockton Companies (Lockton) have launched ‘AWR-React’.
AWR-React is a bespoke insurance service that helps recruitment agencies cover the cost of defending a claim brought under the new Agency Workers Regulations (AWR), which becomes law on 1 October.