The Furlough Scheme, officially known as the Coronavirus Job Retention Scheme was launched in March. It allows UK employers to furlough workers and claim a cash grant of up to 80% of their wages, with a maximum payout at £2,500 a month.
Under the furlough scheme, employers will be asked to cover between 20 percent and 30 percent of a worker’s wage. Businesses would also need to pay national insurance contributions, which are approximately 5 percent of people’s wages.
Even as the unemployment status continuing at its low in May, the economy still produced around 280,000 new jobs in the US alone, beating the average monthly gain of 251,000 from the past year. There are still businesses and industries which are currently hiring amid the COVID-19 crisis.
Uber Technologies Inc., the ride-hailing company, reported its biggest loss in the last three-quarters of $2.9 million in its latest earnings report. Uber's loss went up 190% year-on-year from a loss of $1 billion in Q1 2019. Its revenue was $3.54 billion for the first quarter of 2020. Uber saw a fall of 3 percent in ride-sharing, but Uber Eats saw a year-on-year rise of 54 percent due to the increased demand for food deliveries during the pandemic. The loss of $2.9 billion includes $2.1 billion impairment losses from companies that Uber has a stake.
Tea breaks; coffee, breaks; smoking breaks; bathroom breaks… If you’re a manager, it can be difficult keeping track of your team’s break time. This is especially true when everyone likes to swoop in and out of their cubicles for multiple breaks during the day. So, how many breaks are acceptable at work?
Startups have the advantage of running lean and mean organizations. One good example is Instagram, which had only 13 employees when Facebook bought it for $1 billion in 2013. More than the numbers it is about building the right team. Read on to learn about common hiring mistakes you can avoid to be successful.
In a research survey conducted by staffing leader PeopleReady, it was found out that 85% of Gig Workers don’t have any Fear of Going to Work during the Coronavirus Pandemic or COVID-19. Also, many people wanted...
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