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Deutsche Bank leads the way on cuts, but Barclays, HSBC, Société Générale and Citigroup are also reducing headcount.
The senior vs. entry-level pay gap in Singapore increased 12.1% in 10 years – but it’s nothing compared to India’s 66%
The pay gap widened in 77% of countries studied globally.
A new report by the Resolution Foundation shows labour mobility in the UK has slowed since the millennium, which could be contributing to sluggish wage growth.
Employers could reduce the impact of a post-Brexit labour shortage by turning to "neglected workforces," such as ex-offenders and the elderly.
The Resolution Foundation says most UK businesses don't plan to hire more UK workers if migration drops, and warns of changes in the face rising labour costs.