An exodus of over-50s who left the workforce during the Covid pandemic is fuelling wage inflation, says the boss of John Lewis.
Dame Sharon White said any government must think “really hard” about how to get more older people back into work.
She also admitted that trading for John Lewis had been “tough” over the past few months, with the company discussing how it can help customers through loyalty schemes as well its staff.
Read the full article on the BBC website
NAM Implications:
- Unfortunately, JLP needs solutions that will kick in faster that attracting ‘retirees’ back to the workforce.
- In addition, partners have been accustomed to a profit share as part of their remuneration package…
- Still a bit to go, methinks!
