Tag Archive | "cmi"

Does the gender pay gap really exist?

Maureen Blenkharn from leading Scottish recruiter McAdam King said surveys which claim that discrepancies exist between male and female executives’ pay do not help the cause of women.

One such survey suggested that the gender pay gap could be as high as £10,000 per year but Ms Blenkharn warned that those sort of comparisons did not paint an accurate picture of working practices in recruitment.

She said that in her experience employers just want to find the right candidate and offer the same package to both men and women. She went on to say that McAdam King works with major financial services, manufacturing and oil and gas firms and it’s not possible to imagine a situation where companies would take a different approach to salary negotiations because of gender.

The CMI recently published research claiming that it will take 100 years before women executives receive the same pay as men.

Kay Senior from Badenoch & Clark said that if this is true it is very disappointing and must be addressed. She also claimed that men were proactive when it comes to pay and women should adopt the same attitude. Almost 75% of women do not know the market rate for their position, she said whereas 34.5% of men knew exactly what they should receive and were prepared to make sure their employer was aware of it.

She finished by saying that organisations must address the gender pay gap but it was just as important for employees to understand the industry standard for their job and communicate regularly with their employer about their salary.

© 2011 All rights reserved. Reproduction in whole or in part without permission is prohibited.

Image: Old ladder by Esther Gibbons

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Did you dream of being a footballer rather than a contractor accountant?

Are many accountants for contractors regretting their career choice?

A lot of employees now wish they had pursued their childhood dreams rather than take up the career they did, according to a recent survey carried out by Monster.co.uk.

The poll found that 42% of the over 30s wished they had followed their childhood ambitions. A lot of these aspirations were traditional but ambitious careers, such as becoming a medical professional, a sports person or going into acting.

Actual careers were found to contrast sharply with these early dreams. 10% of respondents said they work in IT and the same percentage work in education. A further 9% said they were employed in an administrative role.

47% of people in their 40s said they wished they had followed their dreams, whilst only 31% of the over 60s felt that way. Men appear to be slightly more dissatisfied than women – 44% compared to 40%.

Michael Gentle, a spokesman for Monster UK & Ireland, said it’s perfectly normal to look back and think about might have been but people should take stock of whether they are simply feeling nostalgic or genuinely unhappy with their current position.

Today’s workers and limited company contractors have considered what jobs they would like to pursue now and 14% said they’d like a role in the arts or entertainment industry and 12% said they would opt for broadcasting, film and music.

Gentle went on to say that it may be too late to become a doctor or a professional footballer, but it’s never too late to move into a different role or industry. Whilst a job used to be for life, that idea no longer exists and many people work in a variety of fields during the course of their career.

Another survey, this time by the CMI, discovered that 42% of employees have not progressed as far in their career as they would have liked. 22% think their company has not been able to afford to give them a pay-rise or promotion in the last 12 months. A further 19% admit they either lack experience or the right qualifications to progress.

© 2011 All rights reserved. Reproduction in whole or in part without permission is prohibited.

Image: Space Kid Goes Shopping by is0b3lpalm3rs0n

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What does 2011 have in store?

Contractors could be amongst those set to benefit from internal skills shortages at UK firms as we go into 2011.

The Chartered Management Institute recently said that 43% of managers in the UK think they cannot fulfil their objectives for next year with the staff they currently have. As a direct result, 48% are expecting to make further redundancies in 2011. This could lead to openings for highly-skilled limited company contractors as companies look to complete tasks without increasing the size of their permanent workforce.

The CMI’s chief executive, Ruth Spellman, said that 2010 has been a very difficult year for managers and in many cases they have had to deal with the difficult conditions without a suitable team.

There are also conflicting reports on the state of the UK economy and its jobs market. The latest figures from the ONS show that unemployment reached 29.13 million in the quarter to October. 33,000 of the 35,000 job losses were in the public sector which is to be expected considering the government’s austerity measures.

The CIPD says the figures bring no joy to jobseekers and its chief economic advisor, Dr John Philpott, said the data was far worse than expected. He believes the jobs market has run out of steam which does not bode well for prospects in 2011.

The British Chamber of Commerce, on the other hand, said that whilst the figures were disappointing, they gave no cause for despondency and longer-term trends point to a strong labour market.

The REC was also disappointed by the latest figures. Kevin Green said that employers are still cautious about hiring new employees but he still believes growth will return to the jobs market in the New Year. However, contractors, temporary staff and interim workers are likely to play an important role in helping businesses meet increased customer demand.

© 2010 All rights reserved. Reproduction in whole or in part without permission is prohibited.

Image: Happy New Year! by meddygarnet

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  • Switch Accountants for FREE

    Switch Accountants for FREEAt K&B Accountancy Group we have introduced a simple and straightforward approach to changing accountants. We’re offering contractors, consultants and freelancers the opportunity to switch to K&B Accountancy Group for FREE without the need to pay for any ‘catch up’ or retrospective accountancy fees for the previous year’s accounts and corporation tax return* *T&Cs apply

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