Tag #Redundancy

Showing 1 to 4 of 4 results

theguardian.com

🌐 75% Global Worthiness

Sep 18, 16:19

Royal Shakespeare Company Announces Voluntary Redundancy Program

Facing a £5-£6 million shortfall, the Royal Shakespeare Company (RSC) is encouraging 420 of its 835 employees to apply for voluntary redundancy to address increasing staffing costs, declining public investment, and the cost of living crisis.

Royal Shakespeare Company Announces Voluntary Redundancy Program

Facing a £5-£6 million shortfall, the Royal Shakespeare Company (RSC) is encouraging 420 of its 835 employees to apply for voluntary redundancy to address increasing staffing costs, declining public investment, and the cost of living crisis.

Progress

24% Bias Score

ShareSaveArticle

Decent Work and Economic Growth

12345678

Previous 1 of 8 Next

What is the primary financial challenge facing the RSC, and what immediate actions are being taken?

The RSC faces a £5-£6 million budget shortfall due to increased staffing costs post-pandemic, reduced public funding, and lower ticket sales because of the cost of living crisis. To address this, they're initiating a voluntary redundancy program for 420 of their 835 employees.

smh.com.au

🌐 75% Global Worthiness

Mar 11, 22:13

Salary Outlier Sparks Gender Pay Equity Concerns

An employee, returning from maternity leave, discovered their salary is below parity despite a positive review and an admission from a leader that their pay is an outlier, sparking concerns about gender pay equity and prompting advice-seeking from the Fair Work Ombudsman.

Salary Outlier Sparks Gender Pay Equity Concerns

An employee, returning from maternity leave, discovered their salary is below parity despite a positive review and an admission from a leader that their pay is an outlier, sparking concerns about gender pay equity and prompting advice-seeking from the Fair Work Ombudsman.

Progress

56% Bias Score

ShareSaveArticle

Gender Equality

12345678

Previous 1 of 8 Next

What are the legal rights of an employee facing gender pay inequality despite an employer's admission that their salary is an outlier?

A leader informed an employee that their salary was an outlier due to maternity leave, offering a modest raise but citing "market factors" for continued pay disparity. The employee is advised to check company salary data and discuss concerns with HR or their supervisor, seeking clarification and a plan for equal pay; if no changes occur, Fair Work Ombudsman advice is recommended.

thetimes.com

🌐 75% Global Worthiness

Mar 15, 22:12

EY Cuts 30 Partners Amid Consulting Downturn

EY is cutting 30 partners, its largest single cut in decades, due to a 4 percent decline in consulting revenue and a 5 percent drop in average partner profits to £723,000, reflecting decreased client spending caused by inflation and rising interest rates, impacting the firm's overall strategy and th...

EY Cuts 30 Partners Amid Consulting Downturn

EY is cutting 30 partners, its largest single cut in decades, due to a 4 percent decline in consulting revenue and a 5 percent drop in average partner profits to £723,000, reflecting decreased client spending caused by inflation and rising interest rates, impacting the firm's overall strategy and th...

Progress

40% Bias Score

ShareSaveArticle

Decent Work and Economic Growth

12345678

Previous 1 of 8 Next

What are the long-term implications of EY's restructuring for its partners, employees, and the consulting industry as a whole?

This restructuring at EY signifies a shift in the Big Four's operating model. The increased reliance on non-equity partners and cuts to the top ranks suggest a prioritization of profitability over maintaining a large equity partner base. This trend likely reflects a more challenging business environment and a need for greater efficiency.

theguardian.com

🌐 85% Global Worthiness

Feb 17, 04:10

UK Faces Record Redundancy Wave Amidst Collapsing Business Confidence".

A survey reveals UK employers are preparing for the largest redundancy round in a decade due to decreased business confidence and upcoming tax increases, impacting various sectors and potentially leading to increased unemployment and inflation.

UK Faces Record Redundancy Wave Amidst Collapsing Business Confidence".

A survey reveals UK employers are preparing for the largest redundancy round in a decade due to decreased business confidence and upcoming tax increases, impacting various sectors and potentially leading to increased unemployment and inflation.

Progress

48% Bias Score

ShareSaveArticle

Decent Work and Economic Growth

12345678

Previous 1 of 8 Next

What are the immediate economic consequences of the record-high redundancy intentions among UK employers, and how will this impact different sectors?".

The UK is bracing for its largest redundancy wave in a decade, driven by plummeting business confidence and upcoming tax increases. A survey of 2,000 employers reveals redundancy intentions at a 10-year high, impacting various sectors including pubs, which saw 4,500 job losses last year alone.

Showing 1 to 4 of 4 results