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Entrepreneurs Panel

Richard O'Sullivan
Brian Hay
Debbie Pierce
Steve Purdham
Jeremy Roberts
Julie Meyer
Laura Tenison
Charlie Mullins
Jennie Johnson
David Pollock
Tony Caldeira
Michael Oliver

Category: Chartered Institute of Personnel and DevelopmentSyndicate content

Hopes that the private sector would step in to replace jobs lost as a result of public spending cuts appear to be optimistic, according to a new survey.

An influential business body is calling for an end to unpaid internships. The introduction of a £2.50 an hour “Training Wage” is being called for by the Chartered Institute of Personnel and Development on the day that internship schemes for recently graduated students begin across the country.

The proportion of older workers planning to work beyond the state pension age has increased dramatically in the last two years, suggesting that the recession has shrunk pension pots, savings, investments and house values. This is the main finding from a survey by the Chartered Institute of Personnel and Development (CIPD).

On the day when official GDP figures showed the recession to have continued through the third quarter of 2009, employees have reported plunging job satisfaction levels as well as falling standards of living over the last six months.

Employers in private firms are becoming more optimistic about the economy, according to a survey by the Chartered Institute of Personnel and Development (CIPD).

However, they felt a weak economic recovery could trigger a renewed burst of redundancies.

Worries over job security have meant employees have taken fewer sick days in the last 12 months, according to a survey by the Chartered Institute of Personnel and Development.

Private sector absence has fallen from 7.2 days to 6.4 days per employee per year. The public sector average has dropped from 9.8 to 9.7 days, representing a loss of £17.3 billion to the economy.

Business trips have been hit hard by the recession, but is there still an argument for entrepreneurs to travel in style? EN investigates.

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Five Minutes With

David Hughes sums up his entrepreneurial career to date thus: four spectacular successes and two failures. He founded the sports retailer Allsports and achieved turnover of £180 million before a vicious price war meant decline, administration in 2005 and a sell-off to rival JD Sports.

It took Richard Shonn, managing director of 151 Products, three years to find a warehouse big enough for his requirements.