LONDON: More British employers are planning pay rises than at any time since the global financial crisis as they struggle to recruit staff following the coronavirus pandemic and Brexit, data from the Confederation of British Industry showed on Monday.
The CBI said 44% of businesses intended to raise pay in line with inflation and 24% planned above-inflation pay rises, the highest combined percentage since it started surveying businesses about this in 2009.
"Pay intentions are rising across the board as firms reopen and the economy recovers," Matthew Percival, the CBI's director of skills and inclusion said.
However he warned that businesses were likely to pass on higher wage bills to their customers unless productivity improved, especially as many aRead More »
PETALING JAYA: As more businesses reopen due to the easing of Covid-19 regulations, many would expect bargain hunters to be turning up in droves at retail outlets.
Contrary to the belief, however, shop owners are not seeing the volume they expect at their outlets since the easing of restrictions.
The reason behind this, they reckon, is that people have become extremely cautious despite being fully vaccinated as they know that vaccines are not 100% effective at preventing infection.
In Kuala Lumpur, a carpet retail store worker, who only wanted to be known as Lim, said very few customers have visited the outlet since it resumed operations.
“Business was already slow before the pandemic; now it’s even worse under the current situation.Read More »
Monday, 22 August 2016 The Companies Act 1965 will soon be replaced, as a new, more modern set of legislation called the Companies Bill 2015 takes its place and puts an emphasis on better governance and improving internal controls in business operations. HO WAH FOON reports. THE Companies Bill …Read More »