FTSE 350 lagging behind on women in leadership
The Hampton-Alexander Review found that half of all senior leadership roles in FTSE 350 companies would have to go to women in 2020 if its targets are to be met. Its report showed that FTSE 350 firms are still falling behind on targets to hire more senior women.
While some progress was made around achieving gender parity on boards, the report chairs warned that companies are still not making enough female appointments below board level. Denise Wilson, chief executive of the Hampton-Alexander Review, said greater attention must be paid to every stage of the recruitment process in order to shift the dial.
Parties pledge increase funding for skills and training
In the run-up to the election, the Lib Dems pledged £10,000 for every adult to spend on training. The party said the money would go into a 'skills wallet' to be used over a period of 30 years to help with the cost of approved courses. It would put £4,000 into people’s skills wallets at the age of 25, adding another £3,000 at 40, and another £3,000 at 55. The current cost of university tuition fees in England is up to £9,250 per year.
The Lib Dems’ plans were part of a host of announcements on skills from all three of the major parties in their pre-general election manifestos. Labour pledged that it would introduce a National Education Service, while the Conservatives said they would introduce a National Retraining Scheme to help those whose jobs are at risk of automation.
The best bits of HR magazine in November...
As new reporting requirements were introduced around monitoring organisational culture more closely, we explored whether this will improve corporate governance.
South Aryshire Council became the first local authority in the UK to offer an additional 10 days paid leave to support domestic abuse survivors.
When firms automate low-skilled tasks do entry-level employees miss out on vital learning opportunities?
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