PUBLISHED: 09:00 11 February 2018 Tom Horton Karen West-Whylie. Picture: BEC Submitted The Barking Enterprise Centre are set to launch a campaign calling for businesses to pledge to provide jobs, apprenticeships and work placement’s the borough’s young people. At a launch event later this month the centre will allow businesses to learn how they can formally register for the scheme. Barking Enterprise Centre’s chief executive Karen West-Whylie will be on hand on the day to help explain the process to businesses. She said: “It is important that all employers commit to providing jobs, apprenticeships and work placements to support our young people. “The development of the charter and kitemark will allow employers to publicly demonstrate their support. “The Barking Enterprise Centre was delighted to support the council in its development and we are excited by this great initiative.” If you wish to attend this event or would like to find out … [Read more...] about Barking Enterprise Centre to launch initiative encouraging employers to hire more of the borough’s youngsters
Employment
Opioid addiction costs employers $2.6B a year for care
A new report shows large employers spent $2.6 billion to treat opioid addiction and overdoses in 2016, an eightfold increase since 2004. More than half went to treat employees’ children. The analysis released Thursday by the nonpartisan Kaiser Family Foundation finds such spending cost companies and workers about $26 per enrollee in 2016. Employers have been limiting insurance coverage of opioids because of concerns about addiction. The report finds spending on opioid prescriptions falling 27 percent from a peak in 2009. Researchers analyzed insurance claims from employers with more than 1,000 workers. Most are self-insured, meaning they assume the financial risk. Workers share the costs. Steve Wojcik of the National Business Group on Health says for every $5 increase, employers typically cover $4 and pass $1 to workers. … [Read more...] about Opioid addiction costs employers $2.6B a year for care
A small but growing movement of doctors that don’t accept insurance and charge a monthly fee could be a model for big employers like Amazon and JPMorgan
caption Jeff Bezos source Getty Direct primary care is a small but fast-growing movement of doctors who don’t accept insurance and instead charge a monthly membership fee. At a time when many are feeling pressure from high healthcare costs, direct primary-care models can be a cheaper alternative that offers perks like quick access to doctors and sometimes wholesale prices on medications or lab tests. And it could be a model employers – including JPMorgan, Amazon, and Berkshire Hathaway through their nonprofit healthcare venture – could tap into as a way of lowering costs. A new kind of doctor’s office that charges a monthly fee and doesn’t take insurance has been spreading around the US. The practices are part of a movement known as direct primary care. Instead of accepting insurance for routine visits and drugs, these practices charge a monthly membership fee … [Read more...] about A small but growing movement of doctors that don’t accept insurance and charge a monthly fee could be a model for big employers like Amazon and JPMorgan
These 5 charts show the state of pay and employment in Britain
source Reuters/Peter Nicholls Britain’s labour market has been the subject of much head-scratching in recent years. The country is at close to full employment – the point at which everyone who wants a job has a job – and yet, wages have been increasing slower than inflation has been rising and productivity growth is weak. Sadly for British workers, that doesn’t look set to change too much going forward, according to the latest report from think-tank, the Resolution Foundation analysing the state of Britain’s jobs market. “Despite an uptick in labour productivity in the second half of 2017, early data from 2018 suggests that this could have been an aberration,” the foundation’s quarterly earnings outlook report said. “Unless the UK economy is able to raise productivity, then our ability to deliver robust real pay growth will be limited.” The Resolution Foundation’s report included a whole heap of … [Read more...] about These 5 charts show the state of pay and employment in Britain
Sydney cloud-based HR startup Employment Hero just raised $8 million
Payroll and benefits platform Employment Hero just raised $8 million in Series B funding, co-led by jobs site Seek, venture capital firms OneVentures and AirTree Ventures, and financial services giant AMP. The equity raising adds to the $4.5 million from the Series A round led by OneVentures with co-investment by AirTree Ventures and AMP New Ventures in 2016. The Sydney startup founded in 2013 manages the employment life-cycle for small-to medium sized businesses, combining HR software, scheduling and payroll tools, performance management, employee benefits and financial services. The platform integrates with major accounting and payroll platforms including Xero, MYOB, Intuit QuickBooksOnline and Keypay. Employee benefit partners offered through Employment Hero include ANZ, AON, Jobs Australia and AMP. “Employment Hero is taking the hard work out of people management and improving employee engagement for over 1,500 businesses across Australia,” says Ben Thompson, founder … [Read more...] about Sydney cloud-based HR startup Employment Hero just raised $8 million