With the recession officially over, it is only natural for the entrepreneurial, the curious, the impatient and the ambitious to lift their heads over the parapet and see what’s out there. However, it presents the employer with a challenge: when they leave, do you wish your staff luck and move on - or are you bitter over all the hard work and investment that you put in?
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US President Barack Obama is to sign a jobs bill into law today, according to reports.
The bill exempts businesses that recruit unemployed people from the 6.2% Social Security payroll tax until December as well as providing employers with $1,000 credit if new workers stay on the job a full year. The US Social Security trust funds will be reimbursed for the lost revenue.
Regarding ’Ditch the first past the post culture’ (Recruiter, Soapbox, 17 February), I have come to this article and subsequent comments on your website rather belatedly but feel that this is a point well worth making: if a customer subscribes to the ’first come, first served’ model of recruitment, and is resistant to change, just don’t work with them!
Forum of Private Business (FPB) members can now access a free business rates appraisal service.
The service is in response to fears that small businesses will be forced to pay inflated rates bills for five years, according to a recent FPB survey.
HR recruiter Digby Morgan has reported increased turnover and profits in its results for the year ended 31 December 2008.
Turnover increased to £12.4m, up from £4.48m in 2007.
Gross profit grew from £4.35m to £6.5m, while operating profit was £1.98m and profit for the financial year was £2.5m, from £771,299 in 2007.
David Howell, one of the co-founders of financial recruiter EM Group, has bought back the business. Howell previously sold the firm to IHR Group in March 2007.
As an independent, the firm will cater for its core markets of consulting, financial services and finance from its base in Green Park, Central London.
Health and social care staffing agency Pulse Healthcare has agreed a new £15m asset Based Lending (ABL) facility from KBC Business Capital, the specialist ABL division of Belgian banking group KBC Bank.
Consisting of a revolving accounts receivable facility, the funding will finance working capital to grow the business.
Roger Philby on Adversity - the mother of all invention? Lord, I hope so!
Executive search firm Ellis Fairbank went into administration at the end of last month. In an exclusive statement to Recruiter, director Harry Cross confirmed that the company went into administration on 29 September 2009. “Despite all our efforts we could not keep it viable in the current market. There will be no buyout and no ongoing business.
Civil servant roles are likely to bear the brunt of public sector job cuts, according to Chris Williamson, an economist at Markit.
Office for National Statistics’ provisional estimates of the public finances show that in September 2009 the public sector has:
• a current budget deficit of £11.3bn
• net borrowing of £14.8bn