Will you get a Christmas bonus this year?

Most people think it’s unlikely they’ll receive a Christmas bonus this year. Why are they falling out of fashion with employers?

It’s hard to track down the origins of the work Christmas bonus. The New York Times has archive articles dating back to the 1920s, so it appears that there is a significant history behind this concept.

Though it certainly looks as if times are changing here in Britain. The majority of employees (73%) don’t believe they’ll receive a bonus this year and 1/3 of professionals never have.

Why are employers shying away from the Christmas bonus?

  • 40% of people think it’s due to their industries making ‘constant cutbacks’
  • 36% say their companies are simply too profit-focused
  • While almost 1/3 don’t think their employers ‘care enough’ to offer such a gift

What can employees expect?

  • Even those who are likely to receive a bonus may be awarded much less than they have in previous years. The average sum has fallen from £792 in 2016 to £363 this year.
  • Employees seem to be grateful for any offerings, with 95% of people happy to receive a ‘£50 shopping voucher’.

Are employers missing a trick?

  • Most people (89%) think they deserve a bonus and say it would also make them feel ‘valued and appreciated’ for their efforts (60%).
  • Over 1 in 5 respondents think they’d even work harder as a result.
  • Worryingly, 15% of employees also admit they feel ‘particularly angry’ about their job in the lead up to Christmas.

There may of course be an excellent business case for employers foregoing the annual tradition. Yet in a time of skills shortage, and when ‘being recognised’ is a marker of meaningful work, business leaders may want to consider their incentive options.

It could even be worth communicating why you’re unable to provide a Christmas bonus this year, alongside finding other non-financial ways to convey your thanks and appreciation.

Looking to create your own little bonus?

If you’re actively looking for work and have prior office experience, why not register your CV for temporary opportunities? Alongside the financial incentive, temp work can help you gain experience with new employers and industries and (in some cases) may lead to longer-term opportunities.

You can search for current temporary vacancies via our jobs page. Please note: temp jobs can be rapidly filled so it’s always worth registering your CV as a general applicant even if you don’t spot a suitable vacancy straight away!



Latest employee finance news

Sharing two of the latest employee finance updates, alongside some extra tips…

1) Employee finance: the ignored payslip!

Our first article reveals that almost 1/3 of UK employees are failing to check their payslip on a regular basis. Yet 15% of people are concerned that their payslips aren’t accurate.

Perhaps most amusingly, finance and accounting professionals are some of the least likely to review the accuracy of their monthly income (41%)! ‘Media, marketing and sales’ employees, however, top this list (47%), followed by those working in education (42%).

Employees may want to rethink their approach, as the feature also cites a number of high-level payouts as a result of payroll errors.

TIP: as the article suggests, one of the main reasons that people fail to read their payslip is because it doesn’t make too much sense to them in the first place (finance professionals aside, hopefully)! Make sure you know what’s on your slip and how much tax you should be paying with the help of this post

2) Employee finance: avoiding festive debt

The second employee finance feature raises the topic of how to avoid debt this Christmas. An important topic to consider…even though we weren’t planning to discuss the festive season just yet!

Most people are said to be spending around £567 this Christmas, with 46% covering these costs through the use of ‘credit cards, store cards and overdrafts’.

We’ll leave you to read the advice in full. Many of the tips are somewhat straightforward, yet may serve as good as reminders. Also, there are some excellent nuggets within – including where to find a 2019 Christmas budget planner and who to speak to for further advice if you’ve already taken out a high-interest loan (AKA ‘payday’ loan).

TIP: if you have some time to spare this festive season, why not submit your CV for some temporary work? Many offices are looking for people to provide extra support and/or cover for annual leave or Christmas parties. You’ll find a list of current temporary openings on our site. Please note: due to the nature of temporary work, many vacancies are swiftly filled. Even if you can’t see relevant openings listed, it’s worth submitting your CV alongside an overview of your availability

Follow us on Twitter, Facebook and/or LinkedIn to receive future employee finance news and tips.



Leaving a job without another job?!

Have you ever left a job without another job at the ready? Would you consider doing so? We explore which professionals are most likely to say ‘yes’ to these questions and share some advice…

While still among the minority, more than 1 in 10 British employees (13%) are willing to leave their current job without having their next job lined up.

It appears that certain groups of professionals are more likely to take a risk. These include:

  1. PR and Marketing (22%)
  2. Sales personnel (21.7%)
  3. Manual labourers (18.9%)
  4. Retail employees (18.8%)
  5. Civil servants (17.7%)
  6. Accounts professionals (17.7%)
  7. Lawyers (17.6%)
  8. Teachers (17.2%)
  9. Operations employees (17%)
  10. And Finance professionals (16.1%)

The researchers also found that:

  • Employees aged 25 to 34 are among the most prepared to leave a role without another job at the ready.
  • Those in the 55 to 64-year-old age group are the least likely to do this.
  • Men are more likely to take a risk without knowing what they’re doing next.
  • However, women are marginally more prepared to leave their current job if they do know what they are going to do.

Should you take the risk and leave your job without another job at the ready?

  • In the vast majority of cases, the answer to this question is no! The jobs market is naturally unpredictable. Even with a wealth of experience and a wonderful personality, you may struggle to secure work as quickly as you hope. Especially if you work within a competitive industry.
  • By commencing your job search alongside your current role, you can enjoy your increased financial security while maintaining a ‘consistent’ CV.
  • There are, of course, some special circumstances. For instance, if you’re in the highly fortunate position of being able to financially support yourself for a potentially extended period of time. Even in this case, it’s advisable to follow Forbes’ approach – only take the leap if you have some sort of plan lined up. Even if this plan involves taking a break to travel, volunteer, study or take some ‘dedicated time for your job search.’
  • There are also occasions in which you won’t have much choice, for instance through redundancy, relocation and similar. In these times, specialist advice becomes all the more valuable. Seek out REC-accredited recruitment agencies that cater to your industry. We have long been proud members!
  • Remember, recruiters and employers pay close attention to your CV. It’s worth detailing your career breaks and any associated skills and achievements. For instance, courses undertaken to further your industry credentials, voluntary experiences, etc.
  • Temping can also enhance your CV through these periods, as well as introducing you to a variety of local employers/industries. While you can’t guarantee that you will find temp work immediately, employers are often looking for people who are readily available. Due to how quickly temp opportunities are filled, you may not see many temporary opportunities listed at any one time. Your best bet is to submit your CV to a suitable recruitment agency and keep in touch regarding any opportunities.

You can apply for the latest temporary, contract and/or permanent vacancies via our jobs pageCV upload, or by email. Here’s what to include in your cover email for the latter!



How secure are today’s jobs?

How secure are today’s jobs compared to those of twenty years ago? Plus to what extent do these findings even affect employees and job-seekers?

Before we delve into the latest stats, there’s one important question we should be asking…

What does job security really mean?

There was a time when job security was closely correlated with a ‘job for life’. Something now considered to be a feature of the distant past – and not expected to return, either!

In more recent decades (and as per the Oxford Dictionary), job security has become “the state of having a job…from which one is unlikely to be dismissed”.

How secure are jobs in 2019 versus 1998?

Due to the discussions surrounding the gig economy, you won’t be surprised to hear that most people think national job security is diminishing.

However, CIPD research suggests this is untrue:

  • The total share of non-permanent jobs has ‘not increased since 1998’.
  • Nor has the ‘under-employment rate’ of people requiring additional work.
  • The vast majority of national employees are in fact in ‘regular’ 9-5 jobs.
  • Any fluctuations that have occurred throughout this twenty-year period are additionally temporary in nature and relate to specific events, such as recessions.
  • While largely positive, the CIPD has called on the government to do more to tackle poor pay and discrimination issues.

Does it matter how secure your job is in 2019?

You’d be forgiven for thinking that the growing gig economy and increase in ‘side jobs’ are signs that professionals are less concerned about job security…

Advice for those worried about job insecurity:

MindTools has issued advice to help people cope with the uncertainty of their work.

Two of the best tips from this piece also apply to your job-seeking process…

  • ‘Show your value’: not only does this approach help you stand out as an employee, yet it also helps set you apart from your job-seeking competitors.
  • ‘Stay current’: upskilling is sure to be a continued theme in recruitment news, as technology advances alter the jobs landscape. The way you market your skills should also be current…including regularly refreshing your CV!

Looking for a new job? You’ll find the latest temporary, permanent and contract openings listed here



No time for a holiday?

Are you one of the many Brits that’s too overloaded at work to use your holiday entitlement this year? Or perhaps there’s another reason you won’t be booking much time off?

This is something of an annual issue. 44% of British professionals opted not to use their full holiday allowance in 2018 – and almost 1/4 (23%) had 6 or more unused days by the end of the year.

What’s more, a new national survey suggests 54% of people won’t benefit from their full entitlement this year either. So, why are so many employees reluctant to book a break from work?

Why many Brits aren’t using all their holiday allowance…

  • 1/4 of people report that they ‘feel guilty’ to use their contractual allowance, blaming their employer’s culture for this. In addition, respondents identified some more specific reasons that could be at the root of their reluctance…
  • Top of the list was being ‘too busy’ to book time off (38%), followed by:
  • Having ‘nowhere to go’ (23%)
  • Not needing as much allowance (19%)
  • Enjoying their job too much (8%)
  • A disapproving boss (7%)
  • And ‘peer pressure from colleagues’ (5%).

The article also explores some related issues. From the prevalence of unpaid overtime to being contacted by work while on leave.

But science says you need a holiday!

Research conducted on men found that those who took shorter holidays generally ‘worked more and slept less’. The post argues that this is perpetuating stress issues and the risk of burnout.

We’re assuming these findings would also apply to female employees, who last year missed out on even more paid leave than their male counterparts.

Perhaps it’s time to review your work-life balance and whether you’re happy with your current lifestyle. If you’re not, there may be better options for you.

Employers and managers should also look to create a culture that encourages everyone to use their holiday entitlement. Booking a temp to cover annual leave needs is a great place to start. Call us on 01225 313130 to discuss how this could work for your business.



Many more temps to be recruited

UK businesses plan to recruit many more temps, reveals the latest REC JobsOutlook…

On comparing their intentions against last month, employers are:

  • 10 percentage points more likely to recruit temporary workers within the short-term. In terms of REC data, this means within the next 3 months.
  • 9 percentage points more likely to recruit temps across the medium-term (4 to 12 month period).

Why this may surprise some:

You could think this is a mark of increased business confidence. However, companies report a further reduced confidence in the nation’s ‘economic prospects’.

In fact, this particular reading has now reached a record low – and currently sits 57 percentage points below its June 2016 findings.

Plans to recruit permanent staff have fallen by 1 percentage point for the short-term period and by 3 percentage points for the medium-term period. Although, both ratings remain positive overall: with a net balance of +16 and +19 respectively.

That said, businesses worry they won’t find the right temps:

  • 34% (1/3) of employers express concern about finding enough skilled candidates to fill their temporary roles.
  • 46% of businesses additionally worry about obtaining permanent employees.

These figures are less surprising when you consider that the UK has achieved record unemployment rates, with less than 4% of the population unemployed.

So, there’s great news for temps. But is temping for you?

Temporary work offers multiple benefits to employees. These include:

  • A flexible solution for those looking for work for a specific period – whether ad hoc assignments or longer-term bookings.
  • The chance to develop new skills and experiences and enhance your CV in the process.
  • A deeper insight into working cultures and local businesses. Helping you work out your priorities for permanent roles if this is a future goal.
  • Regular pay: you’ll be paid weekly (following those weeks worked), rather than monthly.
  • You’ll still accrue holiday pay, further enhancing the flexibility of your role.

Remember, there is no guarantee of finding regular temporary work, even though this is the case for many. To this end, it’s not recommended to leave a permanent role to temp unless you’ve got the financial backing to do so!

You can search for temporary and contract jobs using our job search dropdown tool. Due to the nature of temporary work, roles can be filled swiftly. So, it’s also worth emailing your CV along with a cover email detailing your availability. Here’s what else you should include

To book a temp, please call the office on 01225 313130 or email us to discuss your requirements.