“Analyse the current labour market in the UK with the focus on the sector in which you would like to develop your professional career” (2000 words)
The Financial Crisis of 2007 followed by a period of recession has had a powerful effect on the UK financial sector, which has faced a high number of job losses, pushing the amount of people employed in this sector below pre-recession levels. Alongside multiple countries, England saw a rise in unemployment to some of its highest recorded levels. However, in recent years, the employment rate has reached 75% in Sep 2017 (Clegg, 2017), which for the first time since 2008 is an increase upon the pre-recession employment rate. Within this essay I am going to analyse the current situation in the
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Of these 32.06 million employees, it is estimated that there were 1,093,900 jobs in the financial sector during the first half of 2015 (Number of employees in the financial services sector in the United Kingdom (UK) from 2007 to 1st half of 2015, 2015). This equates to around 3.5 % of the total work force being employed in the financial sector. However as the trend for the employment rate has shown an increase through the period of 2010 to 2017, it is likely that the total jobs in this sector is much greater; however for the sake of this essay I shall use the given statistic of 1.939 Million. The gender difference in employment is beginning to thin according to the ONS, “70.6% of women aged from 16 to 64 were in work, up from 69.7% for a year earlier” while “79.5% of men aged from 16 to 64 were in work; up from 79.2% for a year earlier” (Clegg, 2017) which clearly shows that more women are in employment which minimalizes gender inequalities, however the gender pay gap cannot be commented on from these statistics. Now to look at unemployment, this has reached one its lowest recorded levels since April 1975. At 4.3% the unemployment rate is remarkably small and already exceeds the government’s target of 5%. This is where the statistics contradict statements from mainstream media such as the Guardian article which was mentioned earlier, while it is true
The unemployment rate has dramatically increased over the last several months. This increase has created many complications for the American people. Although the United States economy has created over 7 million jobs, there is still a long way to go until the economy is back on track.
After the civil war, up until the early 1900s, the need for a larger workforce grew as industrialization expanded. Samuel Slater brought the industrial revolution from England, and even since then, there were people trying to get better working conditions. Due to the growth in population by immigrants and expansion of industrialization, the working conditions became worse and worse, causing workers to suffer. Many people fought to solve this problem and changed many American’s lives for the better.
The Industrial Revolution consisted of scientific innovations, a vast increase in industrial production, and a rapid growth of urban populations which consequently shaped a new social structure in the European continent. Initially in the late eighteenth century, the new industrialization period produced dominant bourgeoisie employers and a united men, women, and children workers. The continued increase of factories coupled with a need for employees made the Proletariats within a short period of time a large, underprivileged, hungry, and desperate for money. Meanwhile, their bourgeoisie employers grew authoritative and wealthy as production and profit soared. Despite the common ties between proletariat workers upon the outbreak of the
Although America is the greatest country in the world through the protected rights of all citizens and the gifted freedoms and liberties that come with it, we used to be really horrific.
The modern day American society hosts a broad spectrum of industries with various occupations and professions to engage today’s workforce. America, much like most first world countries is a service economy based on the exchange of knowledge and expertise rather than materials and products. People have a long history of work and work evolution that has ultimately brought America to a service economy producing both strengths and weaknesses within the society and its economy. As America has moved to a service economy, much of the manufacturing and production jobs have moved oversees to third world countries creating a reliance on other economies. This globalization of the workforce as well as unionization, and the
There has been a major development in women’s equal rights since the Equality Act 2010 was introduced that includes gender equality as one of the strands which states people under this act cannot discriminate or harass and victimise another individual( Ref). The gender pay gap between men and women has been on debate for many years. This essay will examine whether or not in this modern day society their still remain gender inequalities through the use of relevant theories this essay is determined to establish whether these inequalities still exist in employment by exploring social, biological and cultural explanations and differences between men and women. Why women are more likely to be discriminated and oppressed and how I can use this awareness to challenge and address gender inequalities in employment.
“Since 2007 to mid 2009, global financial markets and systems have been in the grip of the worst financial crisis since the depression era of the late 1920s. Major Banks in the U.S., the U.K. and Europe have collapsed and been bailed out by state aid”. (Valdez and Molyneux, 2010) Identify the main macroeconomic and microeconomic causes that resulted in the above-mentioned crisis and make an assessment of the success or otherwise of the actions taken by the U.K government to resolve the problem.
It is certainly true that the current law defining the employment status of ‘workers’ is uncertain, as it is wholly inflexible to deal effectively with cases of non-standard forms of employment, atypical workers, for example: agency workers, part-time workers, fixed-term workers, as required workers and homeworkers. Thus, reform is necessary to redress the concerns of lack of legal certainty in relation to this area of the law.
In the twenty-first century, it is not a secret that many American companies are actually setting up factories in foreign countries, with the majority located in Asia. Notable examples of this include athletic shoe companies such as Nike, Adidas, and Reebok Additionally, most people know the reason these companies make their products overseas: “cheap labor.” However, what exactly does the term “cheap labor” entail? Moreover, how are international politics and the global economy affected by this outsourcing? While it may seem like a simple question with a simple answer, the cause of such a relationship and its effects on international commerce are deeply complex and morally questionable.
In the competitive world today, having a college degree might not benefit a student as much as before, thus opening up numerous questions concerning its necessity. Not only is the number of students desperately trying to enroll in college increasing, but the tuition shoots up as well. However, will college enrollment necessarily be enough to increase your chances of attaining job security? The answer is hotly debated amongst adults and students alike, which opens up the second option for students, that is, joining the work force. Although this option is generally shunned by the new generation, the tough economy and slow restoration makes it quite a desirable choice at the moment. Joining the work force is a hard decision to make as it
The “Great Recession” is commonly used to explain the massive economic contraction that occurred in the United States during the fourth quarter of 2007. However, the actions of the United States spanned to other nations, leaving massive effect on the global economy. One nation that took on serious financial burden during this recession was the United Kingdom. This nation first faced the effects of the Great Recession beginning in the first quarter of 2008. Overall, the initial mass effects on the nation can be attributed to the nation’s reliance on the financial sector. In fact, after partially stabilizing in 2009, the country struggled with a double-dip recession between 2010-12, and continues to struggle with some of these effects.
Employment or labor laws have been developed to facilitate smooth relationship between employers and employees. Employment laws provide rules and regulations that should govern both the employer and the employees in their places of work. Employment laws discuss issues related to child labor, wages and salaries, retirement, working conditions, compensations, incentives and employment benefits among others. The major objective is to ensure the employer does not exploit the employee and on the other hand, the employee honors the terms and conditions of the job as presented by the employer.
Look of workforce in Australia is changing. It is no longer the same as it was 20 years ago. Where young men were the main workers and old people and women were sitting at work with their kids (Nankervis et al. 2006, p.54). Nowadays number of old people has increased dramatically, which is affecting workforce and brings new challenges to human resource. New implications that human resources have to deal with are appropriate age allocation, keeping old employees working for as long as possible and avoiding clashing of different generations. Also combine experience from old employees with knowledge of new technologies from younger ones. All these can be done by correct human resources strategies, which will benefit organizations and
Australia’s XXXXX and Graphic Arts Industry provides crucial services to businesses and organisations across all sectors of the nation’s economy. The industry as whole boasts a workforce of between 100,000 and 120,000 individuals. The industry however has been under
Downsizing, restructuring, rightsizing, even a term as obscure as census readjustment has been used to describe the plague that has been affecting corporate America for years and has left many of its hardest working employees without work. In the year 2001 we had nearly 1.8 million jub cuts, that’s almost three times as much as the year 2000(Matthew Benz). In the 1990's, one million managers of American corporations with salaries over $40,000 also lost their jobs. In total, Fortune 500 companies have eliminated 4.4 million positions since 1979 including the 65,000 positions cut in February of 2002 (Ellen Florian). Although this downsizing of companies can have many reasons behind it and cannot be