Nonfarm payroll employment rose by 120,000 in March, and the unemployment rate dropped to 8.2%, the United States Bureau of Labor Statistics reported today. Employment rose in manufacturing, food services, and health care, but was down in retail trade. The change in total nonfarm payroll employment for January was revised from +284,000 to +275,000, and the change for February was revised from +227,000 to +240,000 (together this adds just 4,000 more jobs brining the total added jobs with this report to 124,000.
The Business Minister announced the new Index alongside the EO One Year On Report at a launch event at the City of London today. The Index will enable investors to easily identify the 69 UK public companies listed on the London Stock Exchange that have at least three per cent of their issued share capital held by, or for, the benefit of employees other than main board directors.
From start-ups seeking employee commitment to give the business a great beginning, to long-established businesses of all sizes tackling a succession challenge, to new forms of public service delivery vehicles, employee ownership is a highly successful business structure. The definitive overview of the economic and social benefits of employee ownership can be found in the Employee Ownership Impact Report,that was recently launched by the Deputy Prime Minister.
Although many organisations believe that they will incur significant costs if they offer employee benefits, the reality is that the more benefits an employer takes, the more savings the company can generate for its business and employees.
The future of business
I suspect that too many organisations are overlooking the future of their staff at present.
Today, attracting and retaining staff may not seem to be high on the agenda with the economy and job market static.
In November the government backed independent Employee Engagement task force
launched a new movement ‘Engage for Success’, its mission is to be an
inspirational force to drive measurable improvement in employee performance,
creativity and innovation. Engage for Success firmly believes that the next
generation of successful businesses will be those that free the potential of
people within them. Their hope is that employee engagement can release more
of the capability and potential of people at work enabling personal growth,