Lucy Bristow Blog

The true cost of a bad hire is revealed!

We all know that recruitment mistakes can be costly but what is the true cost of a bad hire? Well, a new report from the Recruitment & Employment Confederation has revealed just that. According to the findings, the total cost of a bad hire at mid-manager level, with a salary of £42,000 is in fact a whopping £132,015! Let’s break that down, shall we? Wasted salary – £28,000Wasted training – £1,500, Recruiting and training a new employee – £9,730, Lost productivity from a new employee – £9,625, Lost productivity from […]

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6 reasons to pay your staff as much as you can

There have been various stories in the press of late about the growing number of weird and wonderful employee benefits. From offering paw-ternity leave to paying for employees’ weddings, employers are seemingly coming up with more weird and wonderful ways to attract and retain top talent. But do they really have to? A recent article we spotted in HR Grapevine reminded companies why they shouldn’t disregard the importance of the good old salary. It pointed out that… 1. It helps to attract and retain the best candidates Talented individuals know […]

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Five employee perks small companies can implement to compete with larger employers

Company perks are seemingly becoming more elaborate. Google offers everything from nap rooms to free branded bikes, while Facebook reportedly contributes financially towards helping female staff freeze their eggs. So, the big question is: can smaller firms compete with these big company perks? As a recent HR News article discusses, these larger companies have the financial means to offer staff extravagant perks, leaving smaller companies worried they can’t afford to compete. One of the biggest financial challenges facing SMEs is that, with a more limited budget, it can be hard […]

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9 employment law changes coming into force this April

April is the month when changes to employment legislation come into force, meaning it’s a busy time for employers and HR professionals. This year is certainly no exception, with April anticipating a range of new laws that businesses of all shapes and sizes need to be aware of. From small changes to more significant legislations, here are the important changes coming into force this month, as reported by Personnel Today: 1. Gender pay gap reporting The most significant change is that employers with 250+ employees will be legally obliged to […]

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1 in 3 Brits lie to partner about where their salary goes

Most people are fairly honest in the workplace, right? We certainly trust our co-workers here at Lucy Bristow! But what about at home? Well, as the HRnews website recently reported, new research suggests many of us Brits are lying to our partners…no, not about that, but about our spending habits. According to a survey conducted by Paymentsense on 2000 working Brits, people are less than honest when it comes to divulging to their partners their income, spending habits and even the amount of debt they have. Perhaps the most bizarre […]

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Quarter of Bristol workers plan to change jobs in 2017

Whether you’re looking to make a hire or looking for a new job yourself, the Bristol jobs market is set to be filled with candidates, as reports suggest that more than a quarter of Bristolian employees are on the hunt for a new role this year. As The Bristol Post recently highlighted, the annual Job Exodus Trends report by Investors in People found that 26% of employees in the South West intend to try and shift jobs in 2017. So what’s making them unhappy in their current roles? According to […]

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