The full economic impact of the pandemic will not be known "until the government’s furlough plaster is ripped off", says Rhys Moon, director at outplacement specialist Renovo.
The majority (79%) of UK employees on furlough say they are considering applying to jobs below their skill level.
The COVID-19 pandemic has plunged the UK’s economy into the deepest slump since quarterly records began, with the country officially entering a recession for the first time since the 2008 financial...
Most organisations within the HR industry (73%) are feeling strained due to a lack of skilled workers.
The announcement that the furlough scheme is being extended until September has drawn a mixed reaction from commentators. From those who are praising the chancellor for taking a brave but costly step...
The UK government has announced that the furlough scheme will be extended another five months until the end of September 2021.
Tighter and extended lockdown restrictions have meant the number of employees on furlough rose by 700,000 in January this year, despite the scheme's currently scheduled end on 30 April 2021.
While people are working longer and longer, there is a perception that older workers are less able to move between jobs than younger cohorts, and HR needs to address that, finds Silvia Dello Russo.