:00:09. > :00:19.other costs of the Free Syrian Army. Now it is time for a show me the
:00:19. > :00:30.
:00:30. > :00:34.This is Show Me The Money, your weekly guide to who's making the
:00:34. > :00:37.cash, how they're doing it, and what it means for the way we work.
:00:37. > :00:42.With us tonight, Mark Cahill runs the recruitment company Manpower UK
:00:42. > :00:45.- he'll tell us who, if anyone, is creating new jobs. Professor Ngaire
:00:45. > :00:48.Woods does at least three jobs - at Oxford University. She's one of the
:00:48. > :00:51.few people on earth who understands Europe's financial crisis - or so
:00:51. > :00:55.she says. And Tom Hansworth's relatives are the reason the RAF
:00:55. > :01:01.wears blue. He's the seventh generation to run his family
:01:01. > :01:06.textile business in Yorkshire. Over 3,000 jobs have been saved no the
:01:06. > :01:09.high street tonight. The computer game seller Game has been sold to a
:01:09. > :01:14.private investment group. It has bought the 333 Game stores that are
:01:14. > :01:17.still open. The entire business was put into the hands of
:01:17. > :01:27.administrators last Monday. They closed 277 stores immediately with
:01:27. > :01:28.
:01:28. > :01:32.the loss of more than 2,000 jobs. Marker, 3000 jobs saved on the High
:01:32. > :01:38.Street for now. That will cause a certain amount of relief?
:01:38. > :01:42.Absolutely. We have to feel for the 2000 will have lost their jobs. To
:01:42. > :01:47.say 3000 jobs in this economy is great news. We have seen this kind
:01:47. > :01:53.of shake-out before were part of the business is saved and part is
:01:53. > :01:59.closed. We saw it with peacocks. Is that standard now? Should we expect
:01:59. > :02:02.this will happen with more businesses? Nothing is the same as
:02:02. > :02:08.it was three or four years ago. We have to be ready to change, we have
:02:08. > :02:12.to be agile and flexible. We spend a lot of time talking about how
:02:12. > :02:17.we're going to rebalance the economy since the banking crisis.
:02:17. > :02:21.Since we ran up huge debts so we could borrow and then spend. If we
:02:21. > :02:27.are borrowing less and spending less, doesn't that mean more pain
:02:27. > :02:32.on the High Street? It probably does. We're looking to Government
:02:32. > :02:37.to try to balance that. He tried to phased down excessive consumer
:02:37. > :02:41.credit. But not at such a speed and in such a way that we just watch
:02:41. > :02:48.retailers go at a business. there an argument that we need that
:02:48. > :02:52.pain for the greater good of the economy? Not necessarily. It might
:02:52. > :02:56.be that for the right measures there is some pain. But all pain is
:02:56. > :03:01.not going to lead to a good ad comes. Tom, your family run
:03:01. > :03:06.business has been around for 300 years. How do you keep the wolf
:03:06. > :03:10.from the door? At think it is about creativity, it is being dynamic,
:03:10. > :03:16.quick, innovative. And it is looking for opportunities in every
:03:16. > :03:21.area. There are always opportunities. It is hard work all
:03:21. > :03:26.the time? It is hard work all the time and being disciplined. For a
:03:26. > :03:31.lot of people, a lot -- a job in retail is their first job, and easy
:03:31. > :03:34.way he did the job market. You start learning skills that are
:03:34. > :03:37.useful to will their future employers. If that first wrong is
:03:37. > :03:43.taking off the bottom of the ladder, how do people get on the jobs
:03:43. > :03:47.ladder? This is one of the biggest challenges. We have a big problem
:03:48. > :03:52.with over 1 million youth unemployed. We have to find a way
:03:52. > :03:56.to get those people back into work. We'll have an obligation. Retailers
:03:56. > :04:03.one of those aspects. The hospitality sector, the social care
:04:03. > :04:12.sector. We have to ask individuals to have the right attitude to get
:04:12. > :04:19.Time for Boom or Bust, our quick flick through some of the news you
:04:19. > :04:22.tried to miss. Easter is but a week away and these people near Budapest
:04:22. > :04:29.are planning their festive weekend. This is the 500 year old Pouring
:04:29. > :04:33.Water on a Woman Easter ceremony. I kid you not. The idea is the water
:04:33. > :04:40.keeps them healthy and prevents them from wilting. This is their
:04:40. > :04:44.dress rehearsal - or should that be wet dress rehearsal. A dog's isn't
:04:44. > :04:47.just for Christmas - it's also helps you have a long healthy human
:04:47. > :04:50.life. Scientists in the United States say taking your dog to work
:04:50. > :04:58.can reduce stress and improve productivity. However they admit
:04:58. > :05:03.there were complaints about noise and allergies. Sports news now.
:05:03. > :05:09.This is the 2012 stacking competition in Japan. The idea is
:05:09. > :05:19.to assemble the twelve plastic cups into a pyramid in the shortest time.
:05:19. > :05:19.
:05:19. > :05:23.The winner took just 1.93 seconds to complete the task. They were
:05:23. > :05:33.awarded a cup for their efforts. In a plastic cup - the right way up
:05:33. > :05:37.
:05:37. > :05:41.this time. The wet dress rehearsal. You must have come across some very
:05:41. > :05:47.strange business rituals in your time. I would suspect that is
:05:47. > :05:53.probably one of the strangest? is. I work any adversity which is
:05:53. > :05:57.900 years old and has a lot of rituals. Some are great. Great
:05:57. > :06:01.ceremonial events in Latin to celebrate success. It is important.
:06:01. > :06:06.It is that the ordinary. It is wonderful and memorable. A lot of
:06:06. > :06:11.rich what I do not like. The ritual of committees. People who don't
:06:11. > :06:15.want to delegate committees -- decisions. No decision has ever
:06:15. > :06:21.made. That is a rich well I would get rid of right away. It is a very
:06:21. > :06:26.difficult thing to manage, isn't it? You want to be modern and
:06:26. > :06:32.progressive, and to get the best out of a business. But tradition is
:06:32. > :06:37.an important part of the business, and you don't want to lose that?
:06:37. > :06:42.You're absolutely right. Which was that build on tradition and remind
:06:42. > :06:45.people of who they are, are great. The ones we should stop are the
:06:45. > :06:51.ones that are denigrating and that makes some of the workforce feel
:06:51. > :06:59.badly. There must be plenty of ritual in a traditional business
:06:59. > :07:03.such as Urus? There are, absolutely. Some are good, some not so good. It
:07:03. > :07:08.is the essence of innovation and speed and opportunity, and being
:07:08. > :07:15.flexible. Keeping the good bits, keeping the rituals that have a
:07:15. > :07:19.value. They make us a team. And moving on as well at the same time.
:07:19. > :07:25.What are the things in your business from years ago that are
:07:25. > :07:29.still use all today? We learn from history and everything that we do.
:07:29. > :07:35.We supply the guards meant uniforms. We have done that since the Battle
:07:35. > :07:40.of Waterloo. -- regards man. The rich will operate where is
:07:40. > :07:45.fantastic. What was on the battleground in the 19th century is
:07:45. > :07:48.now in front of Buckingham Palace. Those rituals are so important. The
:07:48. > :07:53.Diamond Jubilee is very important for the nation. Those things are
:07:53. > :08:01.absolutely Fabulous. As long as they keep playing a longer the
:08:01. > :08:05.tourists, you do OK? Absolutely. In recruitment, talking to people,
:08:05. > :08:09.having a conversation with someone is a great tradition. Some
:08:09. > :08:13.traditions you would like to get rid of. What seems to be a modern-
:08:13. > :08:21.day tradition for me is people going outside for a cigarette and
:08:21. > :08:26.standing in front of office blocks. Isn't this the new social network,
:08:26. > :08:36.were the real cost up his uncovered? Let's get back to the
:08:36. > :08:42.water cooler. It is far more help the! -- healthy. I don't know if
:08:42. > :08:48.any of your clients have said, the dog must come to work, to? My wife
:08:48. > :08:52.takes her dog to work. I think of I look up my business, the things
:08:52. > :08:57.that would help to de-stress are certainly not Docs. It is getting
:08:58. > :09:04.rid of bureaucracy. Let's get rid of e-mail. It is killing us.
:09:04. > :09:13.have something that will appear. It is right here on the table. It is a
:09:13. > :09:22.squishy brain. I'm going to give this stress tally to you. Fetch!
:09:22. > :09:27.Thank you. D U bring dogs to work? No. If the people I work with
:09:27. > :09:33.brought dogs into the workplace, that would stress me very much.
:09:33. > :09:38.have lost it. Give it to me. Her need is greater. You could not let
:09:38. > :09:45.dogs into the workplace. You certainly could map lead captain
:09:45. > :09:55.with all that will pass back could not let caps. -- he could not let
:09:55. > :09:56.
:09:56. > :10:02.It is all about training. It is about learning things. The speed of
:10:02. > :10:06.things. To be able to stack those cops and less than a second is
:10:06. > :10:13.fantastic. Industry is about speed. To survive in the modern world, in
:10:13. > :10:20.manufacturing, he need to take things very quickly to market. We
:10:20. > :10:27.have developed a new brand last year and it will be out in April in
:10:28. > :10:32.John Lewis. That speed to market is vital. Innovation Plus speed
:10:32. > :10:37.combined. When you look at your work, rather particular jobs you
:10:37. > :10:45.look at and think, that is a lifetime of craft and specialism?
:10:45. > :10:49.think all the way through the workplace. Engineering skills. The
:10:49. > :10:54.spinning area. The design skills to be able to create beautiful
:10:54. > :10:57.exquisite time this blankets and throws and garments, they are
:10:57. > :11:06.crafts that you do not get unless you actually come through the
:11:06. > :11:11.proper apprentice process. You need to pass on the stress ball. I'm
:11:11. > :11:16.interested in how your business makes many. What is it? Is an
:11:16. > :11:21.upfront fee that companies pay you when you find the right person? Is
:11:21. > :11:25.there an on going badly that he continued to collect? It works in
:11:26. > :11:32.many different ways. When we find people for employers, and yes, we
:11:32. > :11:37.get a fee, critic to be based around their starting salary. --
:11:37. > :11:45.particularly. We have more than 30,000 temporary workers working
:11:45. > :11:52.every day. Most of them are paid every week. We charge a mark up to
:11:52. > :11:55.the client. Cash flow is pretty essential in this business. In the
:11:55. > :11:58.five years of austerity we have gone through, have you been sitting
:11:58. > :12:06.there twiddling her thumbs because people are afraid to move? There is
:12:06. > :12:10.an element of that. That merry-go- round has halted for a while. In
:12:10. > :12:14.the business today we're seeing companies taking a more strategic
:12:14. > :12:19.approach to how they use people in their business. They are taking on
:12:19. > :12:26.a more flexible contract. We're seeing some of the ONS figures at
:12:26. > :12:31.the moment. I had breakfast with a company boss during the week who is
:12:31. > :12:35.constantly driven to find skilled people for his particular industry.
:12:35. > :12:41.He said that actually there find a lot of their people on social
:12:41. > :12:47.networks. Why would anybody pay money to you to find people that
:12:47. > :12:52.you can now locate at minimal cost through other channels? I think
:12:52. > :12:57.they have a limited use. Yes, you have got highly skilled people.
:12:57. > :13:00.What are a large bulk of people that actually need conference to
:13:01. > :13:06.walk into a brand, to talk to somebody, to get some help in how
:13:06. > :13:09.to find their next job. People have been at the work for you. They need
:13:09. > :13:14.some confidence. They need somebody to talk to them to help them sell
:13:14. > :13:19.their services to a potential employer. How would you find the
:13:19. > :13:27.people you place into jobs? Executive had hard think there is a
:13:27. > :13:31.lot of tracking. -- in executive headhunting. We used the social
:13:31. > :13:37.networks. We have to look everywhere. To make the best match
:13:37. > :13:44.and fit for the employer. I need to ask you about why the RAF uniform
:13:44. > :13:50.is blue. It is not your fault. the story goes -- in 1917 we had an
:13:50. > :13:54.order from the Tsar of Russia for a blue cloth for his Cossacks. The
:13:54. > :13:57.Bolshevik revolution happened in 1917. We were left with a ball
:13:57. > :14:03.quarter of blue cloth and not knowing what to do with it. It just
:14:03. > :14:07.so happened on 1st April, 1918, the RAF was formed. It was an
:14:07. > :14:11.amalgamation of the Royal Flying Corps and the Royal Navy Flying
:14:11. > :14:17.Corps. They needed their new Clough. Blue was perfect. It was readily
:14:17. > :14:21.available. They chose blue. Your predecessor just wandered around to
:14:21. > :14:27.the War Office and said, we have got a lot of knock-off as from a
:14:27. > :14:35.Russian Kostner? He take the opportunities when they arise. You
:14:35. > :14:38.have to do that. We have a great relationship with the MoD. We have
:14:38. > :14:44.provided the scarlet uniform for the best part of 200 years. It was
:14:44. > :14:49.a natural progression to move into blue. Still customers to this day.
:14:49. > :14:53.We're the exclusive suppliers of the ceremonial cloth for the UK and
:14:53. > :15:03.muddy and woollen cloth for other royal families and villages around
:15:03. > :15:06.How do we get more jobs for young people who aren't in training or
:15:06. > :15:09.school? The Deputy Prime Minister Nick Clegg will finally launch the
:15:09. > :15:17.Youth Contract Scheme tomorrow. The key part is that companies will be
:15:17. > :15:21.paid if they hire young people for at least 26 weeks. This is such a
:15:21. > :15:30.crucial issue in the UK and across Europe. Millions of young people
:15:30. > :15:34.who do not have work, but want it and need it for their own cells of
:15:34. > :15:42.being -- sense of self, but for the economic good of those nations.
:15:42. > :15:46.Across most of Europe there is between 25 and 46% of youth
:15:46. > :15:49.unemployment. So there is not only the risk of losing that generation
:15:49. > :15:52.and leaving them unskilled and unemployable but there is a deeper
:15:52. > :15:57.problem for Europe which is that all the European populations are
:15:58. > :16:02.raging, they do not have provision state pension funds, those young
:16:02. > :16:07.people finding it difficult to find work and when they do it is part
:16:07. > :16:10.work, poorly paid work, are actually who we are depending on to
:16:10. > :16:14.pay into the pension funds to pay Europe's ageing populations. It is
:16:14. > :16:16.a big problem will stop so they are not making the contributions
:16:17. > :16:24.towards current government expenditure, they are also not
:16:24. > :16:29.spending money on the High Street, or elsewhere. And you tend to look
:16:29. > :16:39.to the younger population as the growth market for consumer goods.
:16:39. > :16:39.
:16:39. > :16:43.How do you fix this problem? I see it from the government perspective
:16:43. > :16:48.as a Dean of a government school. I think governments have to create
:16:48. > :16:52.incredible growth path, to say very clearly to businesses across Europe
:16:52. > :16:56.we do have a plan, it is not a detailed micro-manage in plan but
:16:56. > :16:59.we have a big plan for the next five years. This is how little work
:16:59. > :17:03.and wired will lead to great because only then can businesses
:17:03. > :17:07.start investing, hiring people, making strategic decisions, which
:17:07. > :17:11.is what missing. We are seeing governments lurched from crisis to
:17:11. > :17:17.crisis, come up with a quick fix and the markets lurch with them.
:17:17. > :17:21.Can you have a plan for growth alongside a plan for austerity?
:17:21. > :17:26.Spain unveiled its project on Friday, �22 billion of cuts there.
:17:26. > :17:30.You can but it has to be different for each country. You cannot have
:17:30. > :17:34.every country in Europe doing austerity or you end up with a
:17:34. > :17:38.great depression. You have to have the countries that can grow being
:17:38. > :17:43.encouraged to do less austerity and grow, provide opportunities for the
:17:43. > :17:49.countries that are trying to cut their deficits. You run a
:17:49. > :17:52.recruitment company, what is your fix? I wish there was one fix. We
:17:52. > :17:57.work on the youth contract that is coming out tomorrow, but Tony that
:17:57. > :18:00.is -- that is any part or all we have to do. I look to employers to
:18:00. > :18:04.take responsibility for this because we have to add something to
:18:04. > :18:09.what we do to try to help you get back into work. Without them, I
:18:09. > :18:12.fear that in 10 years we will be missing middle-management. Where
:18:12. > :18:17.will they come from, learn the skills of the trade? The hard
:18:17. > :18:20.knocks you have to have before you can progress. This is the argument
:18:20. > :18:25.about the lost generation. absolutely. A does not enough to
:18:25. > :18:31.say they may not be able to get work now but they will pick up a
:18:31. > :18:35.job by the time they are 25 -- it is not enough. But they won't have
:18:35. > :18:45.the skills, or the hard knocks of growing up in business. Key issues
:18:45. > :18:49.
:18:49. > :18:54.We call it the talent mismatch. We have to go through education to try
:18:54. > :18:58.to establish what skills we need to be teaching the youth today and
:18:58. > :19:01.tomorrow so they come out of school were then education, with the
:19:01. > :19:07.skills a business needs. They don't have those skills which is why it
:19:07. > :19:12.will take us a number of years to get rid of this unemployment.
:19:12. > :19:15.are one of the business is stepping up in the way businesses -- the way
:19:15. > :19:18.Mark says businesses need to buy running apprenticeships. Correct. I
:19:18. > :19:23.think employers have a responsibility to recruit
:19:23. > :19:26.apprentices. Sometimes it is difficult if you have somebody
:19:26. > :19:30.mature coming near to retirement, it is probably easier to say we
:19:30. > :19:33.will keep them on for a few years rather than recruit an apprentice
:19:33. > :19:39.and bring them through the training programme. It takes more courage
:19:39. > :19:42.and responsibility but in the long term if they have a long-term
:19:42. > :19:47.strategy for growth, they need to do it to Secure their position as a
:19:47. > :19:50.company. So we have young apprentices in the business,
:19:50. > :20:00.matched up with mentors who have worked in the business for many
:20:00. > :20:06.
:20:06. > :20:16.We look at some classic British brands that are selling overseas,
:20:16. > :20:18.
:20:18. > :20:23.doing their best to stay ahead It is proudly made in Britain by
:20:23. > :20:28.Derbyshire hands. But now one quarter of John Smedley's Worldwide
:20:28. > :20:32.sales are far away in the Far East. It is here in up market Kinzett
:20:32. > :20:37.that John Smedley has found its second home. And what a home,
:20:37. > :20:41.nestled between some of the top brands in the world. Why do you
:20:41. > :20:46.think John Smedley has been a success?
:20:46. > :20:51.TRANSLATION: Japanese people understand it is traditional and
:20:51. > :20:57.genuine standard items. Where many have moved to the Far East, John
:20:57. > :21:02.Smedley kept its production in this factory since 1784, some things
:21:02. > :21:07.have barely changed. But over those 200 odd years business has been up
:21:07. > :21:11.and down. The family who still run it say it is the overseas market
:21:11. > :21:17.that has got them through the recession. One of our success
:21:17. > :21:21.factors in having been here for so long is that our sales are spread
:21:21. > :21:27.over-thirties or 40 markets round the world, so sometimes you find
:21:27. > :21:30.market up, others down, but over all, when things are bad you can
:21:30. > :21:34.see yourself through. Now the historic companies making big
:21:34. > :21:39.strides in the Far East and hoping the relationship with Japan will
:21:39. > :21:46.continue to develop. TRANSLATION: There is still good
:21:46. > :21:56.room for growth. That is why we are sending staff to England to study
:21:56. > :22:04.
:22:04. > :22:09.This is one of the most fashionable parts of Tokyo, so I am going to
:22:09. > :22:19.last people hear what they like about John Smedley. It looks nice.
:22:19. > :22:19.
:22:19. > :22:28.More fashionable. Pastel. Spring. Good. I would like to get this
:22:28. > :22:32.Sunday. It is not just John Smedley. This is a designer Sir Paul Smith's
:22:32. > :22:37.store, one of 60 in the country. It seems the Japanese cannot get
:22:37. > :22:47.enough of his English style because more than 40% of his Worldwide
:22:47. > :22:48.
:22:49. > :22:58.business is right here in Japan. TRANSLATION: His accessory
:22:58. > :23:04.collection is very popular. Stylish and cute. I like the way they dress
:23:04. > :23:10.in a proper, nice way. We don't have that in Japan. In this shop
:23:10. > :23:14.you can feel that sense of Britishness. And now, for the first
:23:14. > :23:20.time, Paul Smith is designing specific clothing just for the
:23:20. > :23:26.Japanese. Like this 3 D Women's Wear! You don't need glasses to see
:23:26. > :23:31.it is worth adapting their brands for the market. From there
:23:31. > :23:36.Darbyshire bass John Smedley, too, is tailoring its knitwear for Tokyo.
:23:36. > :23:41.Sizing is a particular issue. sleeve is slightly shorter, the
:23:41. > :23:45.chest with this the same but the sleeve and a body length change. We
:23:45. > :23:49.probably do about six or seven different colours per style, that
:23:49. > :23:56.seems to work well for their market. It is not just the finished product
:23:56. > :24:01.but the story, the heritage that is making British fashion big in Japan.