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UK - BCC reduces growth forecast until 2012, expects improvement thereafter

1 September 2011

The British Chambers of Commerce (BCC) has today published its new Quarterly Economic Forecast, downgrading its prediction for UK Gross Domestic Product (GDP) growth in 2011 and 2012. Though growth is expected to be weaker over the short-term, the new forecast predicts a gradual improvement, and...


Switzerland - GDP up +2.3% y-o-y

1 September 2011

Between the first and the second quarter 2011, real Gross Domestic Product (GDP) for Switzerland grew by +0.4%. Compared to the second quarter of the previous year, GDP growth amounted to +2.3%.Positive growth impulses were generated especially by the trade balance with goods, since imports were...


Germany - Unemployment continued to fall in August

31 August 2011

Unemployment in Germany was down by -238,000 individuals to 2,945,000 or down to 7% in August 2011when compared with August 2010, according to the latest data from the German Federal Labour agency (BA),Month-on-month, unemployment was up by +5,000 individuals due to seasonal variations. Seasonall...


International – Regional differences in war for talent

31 August 2011

Recruitment intentions of HR managers differ widely between Northern and Southern European countries. New research commissioned by staffing agency Tempo-Team (part of Randstad) reveals that 84% of HR managers in Germany have plans to recruit new talent compared with 81% in Belgium, 78% in the Net...


UK - 53% of workforce unaware of 2012 pension reforms

31 August 2011

  The auto-enrolment of workers into workplace pension schemes is the biggest reform to pensions for a century. The extent of the government's communication challenge is highlighted by the Chartered Institute of Personnel and Development's (CIPD) Employee Outlook: Focus on Pay and Pensions...


Russia - Managers' pay highest in FMCG, oil & gas and banking

31 August 2011

FMCG, oil & gas and banking are the sectors, which offer the highest pay to top-managers. These sectors are also leaders in terms of hiring activity, according to new research carried out by staffing agency Antal among 1,000 middle and senior level managers of both Russian and international c...


UK - Executive pay set to increase unless turbulent markets take their toll

31 August 2011

Executive pay will rise in 2012, according to 79% of senior reward professionals across the FTSE 350 recently surveyed by professional services firm PwC. The findings come ahead of proposals expected this autumn from Business Secretary Vince Cable on executive compensation. The High Pay Commissio...


UK - Female junior executives break down gender pay barrier

31 August 2011

New figures released today by the Chartered Management Institute (CMI) show that female executives are earning as much as their male counterparts for the first time since its records began, albeit only at junior executive level. Earning an average salary of 21,969 Pounds, female junior executive...


Europe - Economic sentiment down further

31 August 2011

In August 2011, the Economic Sentiment Indicator (ESI) declined by -5 points to 97.3 in the entire European Union (EU 27) and by -4.7 points to 98.3 in the Euro area (EA 17). This decline resulted from a broad-based deterioration in sentiment across the sectors, with losses in confidence being pa...


Sweden - Staffing industry up +26% y-o-y in Q2 2011

30 August 2011

Revenues generated by staffing agencies in Sweden were up by +26% to 590 million Euro in Q2 2011 when compared with Q2 2010, according to the latest 'Staffing Index' published by the Swedish Association of Staffing Agencies (Bemanningsföretagen). This was the industry's highest turnover since rec...