BCC Director General Adam Marshall comments on the Chancellor's Spending Review.
Business is calling on the next Prime Minister to reduce the unsustainable cost of employing people in the UK. Nearly three-quarters (72%) of firms report the cost burden of employment has increased compared to five years ago, according to new research by the British Chambers of Commerce and global job site Indeed.
Based on the responses of over 900 firms from across the country, the survey found a third (33%) say the cost burden of employment has increased significantly.
Over half of UK businesses with staff from outside the UK would be negatively impacted by government proposals for the UK’s future immigration system, according to new research released today by the British Chambers of Commerce and Indeed.
According to a survey of 380 businesses that currently employ non-UK nationals, 53% report they would be negatively impacted by proposals requiring all skilled migrant workers to earn a minimum annual salary of £30k once the UK leaves the EU.
New research by the British Chambers of Commerce, in partnership with global job site Indeed, reveals the increasing time it’s taking businesses to recruit the skills they need, emphasising the importance of removing blockers in the training system to develop a pipeline of talent.
One in two businesses (50%) are set to grant staff pay rises of over 2% in the next year, according to a new survey by the BCC and online recruitment company Indeed.
The survey, of over 1,000 businesses of all sizes and sectors, reveals that 6% of firms will increase pay by more than 5%, 32% by 2-5%, 12% in line with consumer price inflation, and 18% by 1-2%.
Only 2% of firms say that they expect to decrease salaries – set against a backdrop of increasing upfront business costs.
Aside from staff pay, firms are more likely to increase their investment in training, and introduce more flexible working practices, in order to retain staff, according to a survey by the British Chambers of Commerce and recruitment company Indeed.
The survey, of over 1,000 businesspeople across all sizes and sectors, shows that just under half (42%) of businesses would invest in training and developing their staff in order to increase staff retention, while 38% would look to introduce flexible working practices, from flexible hours and remote working to job-sharing.
BCC Director General Adam Marshall provides an initial response to the Prime Minister’s plan for Coronavirus restrictions after the second lockdown ends in England.