Previous Article Next Article …in briefOn 16 Jul 2002 in Personnel Today This week’s news in briefProfitability slump The profitability of UK companies has slumped by 40 per cent over the lastthree years, falling for an unprecedented 12 consecutive quarters, according tonew findings by business service firm Experian. Across the economy, the averagereturn on capital – a leading measure of profitability – fell from 10.84 percent in the year to March 2001 to 8.37 per cent this year. www.experian.comPersonal development The Recruitment and Employment Confederation has launched a new personaldevelopment scheme that allows its members to have their development formallyrecognised by the organisation. The continuing professional development (CPD)scheme will initially be voluntary, and invites members to commit to 20 hoursof activity in each membership year. Activities recognised include short courseattendance, in-company training and private study. www.rec.uk.comWork-time job search More than 60 per cent of staff seeking to change jobs search internetrecruitment sites during work time, a survey by IT services company Parity hasrevealed. Jobseekers are even unwilling to use their lunch break to seekalternative employment, with peak times being mid-morning and just before theend of the working day. www.parity.netHigh cost of living London is the most expensive city in the European Union for overseas workersto be based, according to a cost of living survey by Mercer Human ResourceConsulting. The survey, which covers 144 cities and measures the comparativecost of more than 200 items in each location, ranked London 10th – up from 12thlast year. www.mercerhr.comSSC gets go-ahead Employers in the engineering, science and engineering technology sectorshave been given the green light to set up a Sector Skills Council. The SectorSkills Development Agency (SSDA) approved an expression of interest for thedevelopment of a SSC following high-level employer support and financialcommitment from all parts of the industry. www.ssda.org.ukCall to stop closures Royal Ordnance workers are to lobby Parliament to call for an end to factoryclosures. The Transport and General Workers’ union claims that sinceprivatisation of Royal Ordnance factories in 1987, 10,000 jobs have been lost.Six factories closed, and now two more factories are at risk – Bridgewater inSomerset, the last UK manufacturer of high explosives for the armed forces, andChorley in Lancashire. www.tgwu.org.uk Related posts:No related photos. Comments are closed.