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Pret a Manger staff to get £1,000 bonus after takeover

All 12,000 staff employed by sandwich and coffee chain Pret A Manger will receive a £1,000 bonus once the sale of the firm is completed.

The company is to be sold by its private equity owners Bridgepoint to Luxembourg-based JAB Holdings.

The two firms did not say how much JAB was paying, although one report put the value of the deal at £1.5bn.

Pret a Manger opened its first store in London in 1986 and Bridgepoint bought the chain in 2008 for about £350m.

As well as its strong presence on the UK High Street the chain has expanded into the US, Hong Kong, China and France.

Pret operates 530 stores worldwide, generating group revenues of £879m. Its sale is expected to be completed this summer.

Pret a Manger chief executive Clive Schlee, said: “The £1,000 bonus will be paid to all employees who are on the payroll during the week the deal completes. It’s serendipity for those who have just joined.”

William Jackson, chairman of Pret and managing partner of Bridgepoint, said: “We’re proud of what we’ve achieved over the last 10 years with Pret and its management team.”


Read More – https://www.bbc.co.uk

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Almost 50% Of Candidates Confused About Own Skillset

Over a third of UK workers are put off from applying for new jobs because they don’t understand what skills they need for the role.

New research from recruitment giant Michael Page also discovered that almost half (46%) of workers don’t know which of their skills to show off in job applications.

Nicholas Kirk, UK Managing Director, Michael Page explained that employers – potentially aided by recruiters – could be doing more to stop jobseekers feeling confused.

He said: “It’s clear businesses could be doing more to clarify the skills required for a role.

“Employers are potentially missing out on talent as a result of unclear job listings and must ensure they’re hiring in the most efficient way by listing the specific skills needed for each role.”

According to the US-founded recruitment firm, confusion about what skills are needed has caused a lack of confidence amongst jobseekers.

A third don’t think they would stand out at interview whilst over four in ten leave an interview worried about how they performed.

John Lees, a career strategist and author of How to Get a Job You Love, added Michael Page’s research shows candidates need guiding to understand their own potential.

He said: “These findings demonstrate the need for candidates to not only understand which skills they currently possess, but also be able to do two things: match these skills to the needs of organisations, and talk confidently about them at interview.”


Read more – www.recruitmentgrapevine.com