Figures show that 58 per
cent of employers rated work experience as «the most popular qualification among those presented» — with a student's personality coming second, with 48 per cent favouring this.
Not exact matches
In the 23rd Actuarial Report on the Canada Pension Plan (OCA, 2007), the Office
of the Chief Actuary (OCA) certified that, in spite
of the substantial increase in CPP benefit payments that would result from the retirement
of the baby boom generation, the current legislated contribution
rate of 9.9 per
cent for
employers and employees combined would be more than enough to pay for benefits through 2075.
For the self - employed, the contribution
rate would be 3.6 per
cent of pensionable earnings, as they were to pay both employee and
employer shares.
The Institute proposes a gradual move to a 50:50
employer / employee financing split and an increase in the combined contribution
rate from nearly 20 per
cent of pay to about 24 per
cent over four years.
Finally, the economy is on a hot streak:
employers have been adding jobs steadily for a year, and growth is running at an annualized
rate in excess
of three per
cent.
The employee premium
rate could be reduced in 2015 by a minimum
of 5
cents, with a decline
of at least 7
cents for
employers, with larger reductions in 2017.
On August 4, the Bureau
of Labor Statistics reported that U.S.
employers added another 209,000 jobs in July, dropping the unemployment
rate to a 16 - year low
of 4.3 per
cent.
In 2001, the Climate Change Levy was introduced as a tax on energy use: it was intended to be «revenue neutral» for businesses, so the Treasury reduced the
rate of employers» NICs by 0.3 per
cent - a move arguably inconsistent with the idea
of National Insurance as contributory.
From the 6 April 2015 the
rate of employer Class 1 secondary NICs for employees under the age
of 21 will be 0 per
cent up to the new «Upper Secondary Threshold» (UST).
Whilst
employers pay at a
rate zero per
cent for employees under the age
of 21 and apprentices under the age
of 25, their pay will still need to be included within the paybill total.
And with the nationally fixed
employer contribution
rate of 16.4 per
cent for the Teacher Pension Scheme also expected to rise, school leaders are warning more cost - cutting measures may be on the cards.
Government changes to the discount
rate (a
rate of interest used to value the Teachers» Pension Scheme) mean that even though the scheme benefits have been cut and employee contributions increased,
employer contributions have risen from 14.1 per
cent to 16.4 per
cent.
For example, your
employer may match your contributions to the QRP at a
rate of fifty
cents per dollar for the first 6 % that you contribute to the plan.
-- Defined contribution plans are defined as comparable with a minimum annual contribution
rate of eight per
cent and
employers must match at least 50 per
cent.
Comparable DC plans must have a minimum contribution
rate of eight per
cent with at least 50 per
cent contributed by the
employer.
Defined contribution (DC) plans — must have a minimum total contribution
rate of 8 per
cent, with
employers contributing at least half that amount (voluntary contributions would not be applicable for the purposes
of the ORPP comparability test)
The European Commission has found a worrying 42 per
cent of UK
employers reported difficulties recruiting skilled IT workers — above the EU average — and predicts that there will be 900,000 unfilled technical vacancies in Europe by 2015, with the number
of digital and technology jobs growing at a
rate of more than 100,000 a year.
A growing working age population — forecast to increase by nearly 5 per
cent between 2015 and 2020 — coupled with rising labour force participation
rates means
employers will have a growing pool
of labour to choose from.