Below we have summarised three top articles for February 2021: KPMG UK appoints first female leaders in 150 years KPMG has appointed female leaders for the first time in it’s 150 year history. Bin Mehta has been appointed stand-in Chairman whilst Mary O’Connor has been promoted to acting Senior Partner. The appointments come in the wake of insensitive comments by Bill Michael that has put the firm’s culture under scrutiny. LVMH signs champagne deal with rap star Jay-Z Jay Z rarely misses. Whilst Champagne sales have fallen dramatically in 2020, Armand de Brignac sold over 500,000 bottles in 2019. With economies slowly opening up this is a high profile and obvious move for the LMGH group’s Moet Hennessy. Jay Z has sold 50% of his business at a price that is currently undisclosed. LVMH reported revenues of €44.7bn in 2020 and is home to 75 luxury houses across 6 different industries and this deal fits seamlessly into their growing portfolio which includes the likes of Louis Vuitton, Givenchy in fashion and Moet Hennessy in wine and champagne. This is unlikely to be the only major deal that Jay Z is party to this year with Oatly, another business he holds a stake in reportedly targeting a $10bn IPO later this year. I love working from home… but Will working from home become the new normal? That is still unclear. However, YouGov have produced some astounding findings on what people really think about life working from home. Initially it seemed that the mirage of indefinitely working from home had become a reality yet, as the pandemic has continued to effect how we work, more and more we are finding this oasis to be a gruelling one. 30% of respondents reported an increase in their working hours since working from home and a whopping 53% feel as though the have to be on call at all times for their bosses. Working from home has certainly come with some strings attached and it will be interesting to see how businesses develop their own ‘return to the office’ strategies and what employees will actually want. The report also covers perceived effects on mental and physical health, general happiness and productivity.
Below we have summarised three top articles for January 2021: The lies we tell during job interviews Throughout our lives we are conditioned to tell lies, to make both ourselves and others feel good (or to protect someone’s feelings). Does this come out in job interviews? Psychologists think yes and by both the candidate and hiring manager. One of the first pieces of advice we give to candidates is that a job interview is a two way process; it’s about a company deciding if you’re a good fit for them and for you to see if they are a good fit for your career and ambitions. With this in mind, all parties are selling and as such it’s likely that both are lying as much as the other! In my experience as a recruiter for instance, a hiring manager has never told me: ‘our culture is terrible and we work longer hours than we have to’. Yet sometimes, this is the case! Equally, candidates rarely say that their next job is ‘all about the money’ or that they like to ‘put in the minimum required and clock off at 5pm on the dot’. Of course, interviews are an integral part of all processes, recent studies have just investigated people’s behaviour in more detail. Still working from home? Make sure you claim your tax relief With the tax year coming to an end we thought it important to revisit one of Martin Lewis’ best finds last year. With the pandemic forcing millions to work from home, the UK government sent up a microservice to enable remote workers to claim tax relief. Even if you have worked at home just for a day, you may be entitled to a years worth of relief. Martin Lewis explains more. Thinking of relocating to the country? What will happen to house prices in 2021 The pandemic caused economic turmoil last year however UK house prices still rose, hitting a record high at the end of the year. It still remains relatively unclear as to what the ‘new normal’ will mean for time spent in the office however, what can not be denied is the interest in residential housing outside of the major cities. One positive of the pandemic is that businesses are better set up than ever to offer their employees flexible working and there is no doubt that whilst some will go back to normal, many will not. For this reason, the property market in 2021 will be looked upon with keen interest by many. With companies now set up better than ever to enable their workers to operate remotely, many have been thinking about relocating to outside of the major cities. It does however still remain unknown what the new normal will look like with regards to time spent in the office but one positive is certainly that businesses are now better setup than ever for their employees to work flexibly.
Even the best of job opportunities have their downsides, and the decision to change jobs should never be made lightly. Once the decision has been made, however, it should be firm and final, because reversing it could be a costly career mistake.Assuming you have been a valued employee, your company will not want to lose you, particularly in the short term, and will likely extend you a counter offer – a flattering inducement designed to tempt you into changing your mind. But as tempting and ego-gratifying as accepting a counter offer may be, interviews with employees who have succumbed to them have shown that the majority suffered setbacks later in their careers. " If the person resigning is a key employee, the manager and company will generally make whatever promises it takes to influence a reversal of the decision to terminate. Changing jobs can be an intense process, and companies know they stand a good chance of keeping the employee – at least for a while – if they can just 'press the right buttons'. Before you let the flattery of a counter offer tempt you, consider these universally accepted truths below:No matter what the company may say, you will forever be considered a flight risk. Having once demonstrated your 'lack of loyalty' by having looked for another job, you will lose your status as a 'team player' and your place in the inner circle.Companies have long memories and know that even if you decide to stay, statistically you are almost certain to leave them again. You will always be suspected of being on a job interview whenever you are absent from work for any reason. The counter offer, therefore, is usually nothing more than a stalling device to keep you around until your employer can quietly find a replacement for you.Numerous studies have shown that the basic reasons for wanting to change jobs in the first place will nearly always resurface. Changes made as the result of a counter offer rarely last beyond the short-term. For very good reasons, well-managed companies usually do not make counter offers. They believe their policies are fair and equitable and will address any issues prior to a resignation, not afterwardsYour resignation letter Your goal should be to resign in a manner that discourages a counter offer from ever being made in the first place. This is accomplished by stating in unmistakable terms that your decision is final. A less direct approach is likely to leave the impression that what you are really doing is attempting to use your job offer to extract concessions.To eliminate any possible misunderstanding, always submit your resignation in writing. Your typewritten letter should be brief and should contain an unambiguous statement of resignation, an expression of thanks for the professional association you have enjoyed, a final date of employment, and a cooperative statement expressing your willingness to help during the transition period prior to your last day of work. The resignation meetingIf anything is said that even sounds like a lead into a counter offer, simply say, “I didn’t come here to force you into a bidding war. I simply have been presented with an opportunity I cannot pass up.” Then use the statement that should be the basis for the last line of your resignation letter: “Is there anything that I can do to help during the transition time before my last day?”During your resignation meeting, you should be prepared for a reaction, which could range from shock, disappointment, or they may congratulate you. Regardless of the company’s reaction, your plan is to remain calm and professional. It is imperative that you handle your part of the resignation meeting in a courteous and professional manner. The kind of character reference the company will give you in the future will be strongly influenced by the impression you left behind when you resigned. The final few daysRemember that co-workers will be curious about why you are leaving. Whether they corner you at work or call you at home, tell them exactly what you told the company. Anything you say will most likely get back to your employer and make the departure more difficult. Finally, do not underestimate the importance of your performance during your last two weeks. It is a serious mistake to become “mentally unemployed” and wind down while working out your notice. Give it your very best effort right up until the last minute you’re there. You will never be sorry you did.By using the strategies and techniques outlined above, you will resign with a high degree of professionalism and without burning any bridges behind you. Your plan is to remain calm, courteous and in control at all times - Good luck!