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US workers gain more freedom to change jobs as government bans noncompete agreements

Workplace Insight

The US Federal Trade Commission (FTC) has dealt a blow to restrictive employment practices by issuing a final rule that bans most noncompete agreements nationwide. “They will have more freedom to choose where they work and can expect to command higher salaries.”

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UK economy could get a £550 billion boost from AI by 2035, Microsoft claims

Workplace Insight

A new report commissioned by Microsoft suggests that the UK economy could see a significant boost of £550 billion by 2035 if the country embraces artificial intelligence (AI) and cloud technology. Strategic use of AI in the public sector could save the UK £17 billion by 2035, enough to fund salaries for over 330,000 nurses.

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New Employment Laws in 2023: A Guide for Employers and Employees

HR Digest

Employees also need to be aware of the many regulations, such as the pay equity legislation, in order to understand what the government can do to protect their interests if there are ever any violations that disregard their rights and interests in favor of the company’s own profit and well-being.

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90% of employers think living wage is high enough

Employee Benefits

Earlier this month, the government announced that it will raise the national living wage by 9.7% Chancellor of the exchequer Jeremy Hunt stated in his autumn budget address to the House of Commons that he had accepted recommendations made by the Low Pay Commission to increase the national living wage to £10.42 from April 2023.

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Liverpool and Knowsley councils commit to real living wage for care workers

Employee Benefits

Two Merseyside local councils, Knowsley Council and Liverpool Council, have committed to paying government commissioned care workers the real living wage , from April 2023 and April 2024, respectively. The UK real living wage is currently set at £10.90, compared with the government living wage of £10.42

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Why Your Employees May Not Achieve a Comfortable Retirement

Employee Benefits

As an employer, you’re obliged to provide your staff with a workplace pension – a mandate made compulsory by the UK government in 2012. The government’s pension commission has suggested that individuals should aim for an annual retirement income comprising of 60-70% of their current income.

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Employee Cost: How to Calculate the Cost of an Employee?

HR Lineup

However, their value goes beyond just their salaries. These include: Base Salary: The primary component of an employee’s compensation, typically determined by factors such as job role, experience, and market rates. Employees are the backbone of any organization, driving its success and growth.

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