Out of office: Your essential round-up of the latest business news
Most advanced economies will escape long-term economic damage as a result of the pandemic, the International Monetary Fund (IMF) said. Emerging economies, however, will find it trickier to manage the fallout from Covid-19. The IMF said its projections – which represent a notable improvement on earlier forecasts from January – show that “a way out of this health and economic crisis is increasingly visible”.
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Lucinda Creighton: Forget the exercise bike, the ‘perk’ your staff need is quality of life
Workers at prestigious companies are receiving expensive gifts in thanks for 100-hour work weeks when what they really need is for more staff to be hired
Fibre-based drinks firm to make 20 more products as demand rises
Donegal-based Circle of Light has secured private investment of €1.8 million and has its products stocked in 400 Irish shops
How to manage: Boomerang candidates cost more, but have unique value
While rehired workers don’t usually perform any better than those who never left, they are more likely to be committed to the business, research shows