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Swedish retailer also reports reversed gender pay gap of 10.6% in its distribution business
Ikea has revealed a gender pay gap of 6.9 per cent in its retail business, a significantly smaller difference than the UK average.
The Swedish retailer reported a reversed gender pay gap of 10.6 per cent in its distribution business – meaning it pays women in the division more than men.
Women are paid more in distribution – which makes up just under one-tenth of Ikea’s UK operation – because of a higher number of women in management positions, the company said
Read more EHRC warns of reputational damage for firms that don’t report pay gap In the UK retail sector as a whole, the gender pay gap is 16.4 per cent, according to the latest official figures, while across all businesses the gap is 17.4 per cent.
Ikea acknowledged that while it was ahead of many competitors on equal pay it still has more work to do to close the gap entirely.
Carin Hammer Blakebrough, Ikea’s HR manager for the ..
Can Social Media Be Saved? Photo Credit Glenn Harvey I don’t need to tell you that something is wrong with social media.
You’ve probably experienced it yourself. Maybe it’s the way you feel while scrolling through your Twitter feed — anxious, twitchy, a little world weary — or your unease when you see a child watching YouTube videos, knowing she’s just a few algorithmic nudges away from a rabbit hole filled with lunatic conspiracies and gore. Or maybe it was this month’s Facebook privacy scandal, which reminded you that you’ve entrusted the most intimate parts of your digital life to a profit-maximizing surveillance machine.
Our growing discomfort with our largest social platforms is reflected in polls. One recently conducted by Axios and SurveyMonkey found that all three of the major social media companies — Facebook, Twitter and Google, which shares a parent company with YouTube — are significantly less popular with Americans than they were five months ago. (And Americans might be th..
Want to Purge Your Social Media Timelines? Can You Spare a Few Hours? Photo Credit Minh Uong/The New York Times You may be reeling from revelations that the private Facebook data of millions unwittingly got in the hands of a voter-profiling firm with ties to President Trump. And you may be weighing the pros and cons of deleting your social media accounts altogether.
But before you go there, ask yourself a simpler question: Why do you hoard so much data on social networks in the first place?
For many of us, our timeline of posts has piled up since we signed up for Facebook and Twitter. While the social networks portray their products as time capsules of your fondest memories and conversations, the experience of poring through past posts is more like rummaging through a digital junk drawer of good, bad and ugly moments. And the hoarded data is just sitting out there for others to see, including potential employers who are doing background checks and any enemies who may be trying to dig u..
Trade Deals Take Years. Trump Wants to Remake Them in Months. Photo Shipping containers at the Port of Los Angeles in San Pedro, Calif. To secure trade agreements quickly, the White House has taken a contentious approach to negotiations. Credit Andrew Gombert/EPA, via Shutterstock Trade pacts typically require years of detailed negotiations. The North American Free Trade Agreement needed two years. Creation of the World Trade Organization took eight.
The Trump administration wants to remake global trade in a matter of months.
To secure agreements quickly, the White House has taken a contentious approach to negotiations not seen in decades, threatening allies and adversaries alike with harsh sanctions like tariffs and quotas. Those tactics have returned a few early concessions from trading partners, including South Korea, whose revised trade agreement was formally announced by the United States on Wednesday.
But it remains to be seen how much American workers would benefit from these de..
The North-east has a decent claim to be the economic ‘ground zero’ of a hard Brexit. Yet it’s also one of the heartlands of Leave. The Independent travelled to the region to see how firms there are dealing with the threat hanging over their heads, and the social contradictions thrown up by the referendum
A sword of Damocles hangs over the economy of the North-east of England. That at least is the implication of the government’s own economic analysis when it comes to Brexit.
Internal research leaked from Whitehall earlier this year suggested the North-east’s economy could take a hit of up to 16 per cent from an ultra-hard Brexit, in which the UK crashed out of the European Union with no trade deal. That’s compared to the 8 per cent injury estimated for the UK as a whole.
And that’s a projection of the economic damage over the course of 15 years, relative to staying in the EU. This highly export-reliant region could be damaged even more grievously in the short term if the UK-EU negot..
Output for domestic market sees particularly marked decline of 17%
British car manufacturing output fell by 4.4 per cent in February while output for the UK market registered a double-digit monthly decline, the industry’s trade body said.
Production for the domestic market, which accounts for a minority of the UK car industry, plummeted 17 per cent on the previous month to 28,336 vehicles, the Society of Motor Manufacturers and Traders (SMMT) said on Thursday.
The figure is the seventh consecutive monthly decline in production for the domestic market.
Read more Car industry issues fresh Brexit warning as one-year countdown looms Exports remained relatively steady, dipping 0.8 per cent to 117,139. More than eight out of ten cars assembled in the UK are destined for overseas, the SMMT said.
Mike Hawes, the SMMT's chief executive, said: “Another month of double-digit decline in production for the UK is of considerable concern, but we hope that the degree of certainty provided..
Company went cap in hand to investors to raise £125m but it has been unable to convince them of long-term future
Bargain Booze owner Conviviality could be heading for administration after failing to secure emergency funding, placing 2,500 jobs at risk.
Over the past few weeks the firm has seen its chief executive step down after issuing a string of profit warnings and revealing a £30m tax bill.
Conviviality was forced to go cap in hand to investors to raise £125m as a result, but it has been unable to convince them of its long-term future.
Read more Bargain Booze owner says suppliers remain supportive despite tax bill A statement read: “Despite a significant number of meetings with potential investors resulting in good levels of demand, and constructive discussions with a number of key customers and suppliers regarding the provision of support, there was ultimately insufficient demand to raise the full £125m.
“The board wish to thank its customers, suppliers and employees for t..
Greatest improvement seen in the way that respondents expect their personal financial situation to unfold over the coming year
UK consumers became slightly more confident this month than they were in February, cheered by the prospect of wages inching higher, inflation easing slightly and progress being made on Brexit negotiations, a survey shows.
The GfK UK consumer confidence index rose to a score of minus 7 for March, which was up from a score of minus 10 in February and minus 9 in January.
The monthly questionnaire, which has been running since 1974, examines how consumers rate their personal financial situation and the general economic situation over the last 12 months and over the coming twelve months. It also takes in account how likely consumers are to make a major purchase.
March’s index rose for all five measures. The largest increase was seen in the way that respondents expect their personal financial situation to unfold over the coming year.
Read more Inflation falls..
Nigeria has existed as an independent entity for nearly 58 years from 1960. Nigeria is relatively big geographically, populated, blessed with so much natural resources but lacks the ability to harness those resources to develop itself. Nigeria’s population and size, natural resources, excess human capital that can be translated wealth, earned it the…
Danjuma’s Rage: Buhari should declare state of emergency Now. MEDIA RELEASE FROM RESOLUTION ADOPTED ON MARCH 26, 2018 IN KANO STATE. President On behalf of the Fulani Nationality Movement, (FUNAM) we express our RESOLUTION as adopted today on the state of the nation. ( 1) We observe with great concern the…
