Recruiters fear business closure as government targets tax avoidance by “umbrella companies”
HMRC has intensified its crackdown exploitation of tax loopholes Recruitment firms are concerned about potential business closure as the government considers measures to address tax avoidance by ‘umbrella companies,’ according to multinational law firm Pinsent Masons. The Treasury, HMRC, and the Department for Business & Trade have launched a consultation titled ‘Tackling non-compliance in the
Rethink recruitment in 2023
Recruitment strategies to attract the best talent Even with the expected business slowdown in the coming months, recruiting employees with the right skills will be more challenging than ever. This is according to a new guide from global recruitment firm Monster. Recent research from Monster has revealed that 87% of UK companies plan to hire
PSR Group acquires Fintech recruitment business
Global Fintech market size is expected to reach $332.5 billion by 2028 PSR Group, a UK based recruitment specialist, announced today that it has successfully completed a strategic acquisition into the rapidly growing Fintech sector. PCN, a fintech recruitment business with headquarters in Amsterdam, service the Fintech ecosystem including, Cybersecurity, eCommerce and SaaS sectors across
The US continues to add jobs despite declining employment trends
Recession concerns mount up Despite the US adding 528,000 jobs in July, The Conference Board’s Employment Trends Index saw a drop, showing signs of slower job gains ahead. The organization also showed concern about a possible recession. July’s Employment Trends Index level of 117.63 dropped from June’s downwardly revised reading of 118.71. It is thought
New Jersey senate approves equal pay regulation for temp workers
Concerns that new bill could lead to increased litigation The New Jersey Senate has approved bill S. 511, increasing regulations on the staffing industry. This is according to a tweet by the bill’s sponsor, State Sen. Joe Cryan, D-Union. Amongst other aspects, the bill provides for equal pay between contingent and directly employed workers. However,
US Jobless up by 14,000
CPI remains static Although the previous week’s level was revised downward by 12,000, jobless claims increased by 14,000 last week. With this increase, the jobless claims level is now 262,000, according to the latest US Department of Labor reports. According to a Reuters poll, economists forecast 263,000 applications for the latest week. Other stats show
Police force successfully makes use of tech for recruitment
Over 35 new emergency call handlers recruited with the help of disruptive tech The Hertfordshire constabulary is celebrating after recruiting more than 35 emergency call handlers with the help of disruptive technology-led recruitment firm, Crooton. The firm ran three job campaigns for the Hertfordshire Constabulary, which attracted many more applications than expected. Its custom-developed
New record number of job adverts for 2022
London remains a hiring hotspot The Recruitment & Employment Confederation (REC)’s latest Labour Market Tracker has revealed that in the last week of July, the number of active job adverts in the UK hit a new record high for this year at 1.85 million The number of new job adverts posted each week has been
Korn Ferry acquires Infinity Consulting Solutions
Infinity Consulting Solutions has vast experience with interim professional placement offerings and expertise Korn Ferry has announced that it has acquired Infinity Consulting Solutions (ICS). Headquartered in New York, with nine offices throughout the United States, ICS offers substantial interim professional solutions expertise which will further enhance Korn Ferry’s industry-leading portfolio. ICS is a widely regarded
Northern Ireland’s vacancies decline
Decline causes GDP growth to take a tumble According to research from the Association of Professional Staffing Companies (APSCo), job numbers in Northern Ireland were down by over 50% compared to March. This drop reflected a marked fall in GDP growth. The data provided by Broadbean Technology showed that vacancy numbers decreased across all major
