London and Uk Labour Market Essay

Words: 3572
Pages: 15
Open Document
Exploring Economic and Labour Market Developments and change: Participation, Equality and Disadvantage at the National and Regional Level. Issues and implications for People Management and Policy and Practice

Introduction: In the last 100 years the British labour market has been in many ways a more equal and fairer society it has ever been. For example, 70 years ago women were not allowed to work after they got married and people were openly discriminated on their colour of their skin. Today, it is illegal for employers to discriminate on gender, race or disability with the result that almost 50% of the workforce is female and the participation rate among most ethnic minorities keeps on growing. Despite of these …show more content…
Many companies were forced to make immediate decisions like redundancies, recruitment and pay freezes and keeping tight control of their costs like the training and development budgets. (CIPD, 2009). However, as mentioned before, the current economy is based on the service industry wherein people are critical to the business success (Kew and Stredwick, 2010). Therefore almost all companies agree that it is important to find a balance between immediate business-critical needs and with long-term sustainable business needs. In order to reach this balance, organizations found innovative solutions to retain, engage and develop current and future talent of the organization (CIPD, 2009; Cox et al., 2009) . These practices include finding alternatives for redundancies by making more use of flexible working, reducing people’s working hours or offering employees a sabbatical. They also tried to keep their employees engaged by focusing more on career development so people can see that they have a feature with the business. In addition, companies increased their absence and performance management as they need productivity even more to turn the situation around (CIPD, 2009; Cox et al., 2009). Finally, although most companies needed to cut in the training and development, companies have tried to use all the available funding opportunities for skill development.
Show More

Related Documents: London and Uk Labour Market Essay

Essay about London Economy Report

Has London become a more or less unequal city over the last 30 years? Executive Summary London has become one of the most attractive cities in the world and in the 1970s, when the Bretton Woods was established; London was named the financial city of Europe (Cobham, 2012; Story and Walters, 1997; Fichtner, 2007). Most of London’s financial establishments were doing business in the capital. The attractions in London have made people want to move to the city and it has made the London…

Words 2507 - Pages 11

The National Minimum Wage Law In The UK

* BUSINESS DECISION ANALYSIS* * London* *School*of Accountancy & Management Course Instructor: Prof. Armaan Nehal. N. Panchasara (ID no: ST0005944) Masters of Business Administration Assignment: A * (Using Demand & Supply: examine the arguments in favour & against minimum wage law in UK*) * *Total words: 1,402 Demand It refers to the willingness and ability of buyers to purchase goods and services at different prices. Supply It refers to…

Words 1402 - Pages 6

M1 Unit 2 Travel And Tourism

Why Heathrow should get a third runway. Businesses across the UK rely on Heathrow Airport to expand their businesses and keep the market open for new businesses to come in. Heathrow is pivotal in keeping London one of the most important business capitals in the world, due to its links in central London and other major cities across the UK. But with Heathrow running at 98% capacity [1] it needs a third runway, which will not only help organise the current flights they have but also open up new long…

Words 1477 - Pages 6

Essay on London: Unemployment and Labour Market Change

Special feature A century of labour market change: 1900 to 2000 By Craig Lindsay, Labour Market Division, Office for National Statistics A century of labour market change: 1900 to 2000 Key points ● A summary of labour market conditions in the twentieth century. In 1900 the population was around 38 million and gross domestic product (GDP) stood at just under £125 billion at constant 1995 market prices. By the end of the century, the population had increased by 50 per cent to 59 million…

Words 8465 - Pages 34

Past Exam Questions: 3victorian And Edwardian Era

industry? 3) LABOUR PRODUCTIVITY/CROSS-COUNRTY INDUSTRY SPECIALISATION Stephen Broadberry has attributed long-term differences in labour productivity between the UK, USA and Germany over the period 1870-1914 to…

Words 4484 - Pages 18

Coffee Delights Case Study

Coffee Delights aim is to grow, therefore they have to different options to develop their Brand. One of this is to expand further in the UK This would be a good idea because the y already have a strong brand with 6% market share in the UK. That means that they have already knowledge about the Market in the UK and because of the high rate of market research. This leads to the knowledge that the company know how the have to do promotions. Also they are competitive because of there very low prices,…

Words 624 - Pages 3

The History Of The United Kingdom

one of the world?s most historic cities, tracing its roots back nearly 2000 years. London has long been a great world port and trading center. The port of London consists of two huge docks and 43 miles of wharves along the Thames River. London also has a remarkable transportation system. Expressways, and underground and surface railways carry more than one million commuters between the outlying areas and central London each workday. More than 350,000 commuters travel by subway, about 400,000 take surface…

Words 4222 - Pages 17

Business Analysis And Decision Making

MN101: Business Analysis and Decision Making Lecture 2 handout: How can a Value Added Framework explain the reduction in the UK Manufacturing Sector? 1. Aims: • To introduce the use of the value added framework. • To understand the process of wealth creation. • Appreciate the importance of sales and value added. • Present a basis for discussion in the workshops. 2. Context/scope: • Lecture presents a method of analysis which all will become familiar by the end of the…

Words 1459 - Pages 6

banking system Essay

“Why did the ‘Big Bang’ happen in the city of London” The once dominant financial society, the City of London was falling behind foreign banks such New York’s Wall Street; in danger of being left behind and in-modernizing in the capitalist world. Margret Thatcher claimed a need of a free market and no over regulation and the removal of “Old Boy Networking” allowing unfettered competition and meritocracy The Big Bang in relation to investment banking means a change in legal or regulatory aspects…

Words 595 - Pages 3

1970s Employment

of work over the last few decades has been epochal instead of gradual. The UK experienced rapid deindustrialisation following the 1970s; in 1990 there were 4.6 million manufacturing workers in the UK, a dramatic fall from the 7 million present in 1979. By 2009, the figure would drop further to just 2.9 million. This was a result of policies put in place by the Thatcher administration to reduce the reliance of the UK economy on manufacturing and other secondary sectors following the 1970s global…

Words 1480 - Pages 6