UK labour and skills shortages set to increase as number of EU nationals fall

UK labour and skills shortages set to increase as number of EU nationals fall

Labour and skills shortages in UK set to increase as number of EU applicants fall

A noticeable fall in the flow of EU nationals into the UK has coincided with a drop in the quantity and suitability of job applicants being reported by employers, the latest quarterly Labour Market Outlook from the CIPD and the Adecco Group has revealed. The data suggests that while the short-term outlook for employment remains strong, labour and skills shortages are finally starting to bite, with evidence that the number of applicants per vacancy has dropped across all roles (low, medium and high-skill) since summer 2017. This strong demand for labour is finally increasing recruitment pressures for employers, exacerbated by a ‘supply shock’ of far fewer EU nationals coming into the UK. According to the latest official data, the number of EU-born workers in the UK increased by just 7,000 between Q1 2017 and Q1 2018, compared with an increase of 148,000 from Q1 2016 to Q1 2017. This represents a fall of 95 percent and has fed into a tightening of the labour market. The report also found that while wage growth for the wider workforce is set to remain at around 2 percent for the foreseeable future, new starters and key staff may be more likely to be getting a salary increase.

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A third of employers report rise in time off as mental health becomes less taboo

A third of employers report rise in time off as mental health becomes less taboo

Around 30 percent of businesses have seen an increase in the number of staff taking time off for mental health reasons, according to a survey conducted by business organisation British Chambers of Commerce, and insurer Aviva. One in three (33 percent) business leaders have also noticed an increase in the length of time that staff are taking off due to mental health issues.

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Third of British workers say they lack the computer skills they need to do their jobs

Third of British workers say they lack the computer skills they need to do their jobs

computer skillsNearly a third of Britons don’t think they have the required computer skills to do their jobs properly in spite of the fact that around 9 in 10 households now have internet access, according to a study from the Office for National Statistics. Although the Government continues to encourage the residual ten percent to embrace the online world, the report also suggests that it should focus on developing the skills people need to use technology to do their jobs as well as they can.

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The mere expectation that we check emails outside working hours harms our wellbeing

The mere expectation that we check emails outside working hours harms our wellbeing

Employer expectations of work email monitoring outside of normal working hours are detrimental to the health and wellbeing of not only employees but their family members as well. A new study suggests that employees do not need to spend actual time on work in their off-hours to experience the harmful effects. The mere expectations of availability increase strain for employees and their families, even when employees do not engage in any actual work.

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Gig economy workers are overworked, underpaid and constantly monitored

Gig economy workers are overworked, underpaid and constantly monitored

A study of the wellbeing of workers in the so-called gig economy from academics at Oxford University claims that they are stressed, isolated, micro-managed by algorithms and face constant downward pressure on their incomes. The focus of the research was on workers contracted by digital platforms and subject to selection by algorithms. The study, Good Gig, Bad Big: Autonomy and Algorithmic Control in the Global Gig Economy, looked at the impact on the personal wellbeing of computer programmers, translators, researchers and people in similar roles contracted through online freelance platforms.

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Youngest workers prefer simple perks such as free coffee, flexi hours and birthday leave

Youngest workers prefer simple perks such as free coffee, flexi hours and birthday leave

Youngest workers prefer simple perks such as free coffee, flexi hours and birthday leaveAs fresh graduates from generation Z, i.e. those born between the mid 1990’s and 2000 are enter the workplace, new research from Perkbox claims that over 1 in 3 (36 percent) admit that the workplace perks are one of the most important deciding factors on whether to accept a new job or not. These post-millennials are also the group most likely (32 percent) to prefer smaller benefits that they can enjoy on a more frequent basis, all-year-round, over one annual event, such as a Christmas party. The top three workplace perks most popular amongst Generation Z included simple benefits, such as receiving a day’s annual leave on your birthday (86 percent), followed by free coffee and hot drinks (85 percent), and flexi-hours (83 percent). Despite this, Generation Z feel less deserving of workplace benefits than co-workers born pre-1995, with fewer than half (38 percent) believing they should benefit from such offerings – which is less than any other age group.

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Is driver behind the widening parental leave gap a lack of rights in the gig economy?

Is driver behind the widening parental leave gap a lack of rights in the gig economy?

Could the driver behind the widening parental leave gap be the rise of the gig economy?The already low number of fathers claiming paternity leave has fallen for the first time in five years, to 213,500, down 3 percent from 221,000 last year an analysis by law firm EMW has revealed. To help encourage more men to take paternity leave, the Government launched the shared parental leave scheme in 2015. However, take up of the scheme has also been slow, with less than 2 percent of all UK fathers participating. These latest figures suggest that hundreds of thousands of men are not taking up their entitlement to paternity leave. In comparison with low rates of paternity leave, nearly treble the number of mothers (662,700) took maternity leave in 2017-2018, up from 661,000 in 2016/17. More →

Strong growth in office investment helps bolster European real estate market

Strong growth in office investment helps bolster European real estate market

Strong growth in office investment helps bolster European real estate marketTotal real estate investment in Europe decreased by 8 percent in the second quarter of this year, but there has been strong growth in the offices sector, with volumes totalling €29bn, compared to €24.1bn for the same period last year. Office investment for the first half of the year was also up 11 percent on the same period last year. Furthermore, investment into other areas, including healthcare and student accommodation, remained resilient, with volumes on par with that of last year and 6 percent up on the first half of 2017. Following a more subdued start to the year, the UK posted a strong second quarter. Total investment in Q2 2018 reached €19.9bn, driven by a record quarter for London City office investment. Jonathan Hull, managing director of Investment Properties, EMEA at CBRE commented: “Despite ongoing political uncertainties, the UK remains an attractive destination for European and global capital.”

Over a third of workers are anxious about the impact of automation

Over a third of workers are anxious about the impact of automation

Over a third of workers are anxious about the impact of automationA significant number (37 per cent) of workers (11 million people) in the UK worry their job will change for the worse and 23 per cent (7 million people) are concerned that their current job may no longer be needed, claims a survey into the impact of automation over the next decade. In the survey, carried out to mark the launch of a new Commission on Workers and Technology chaired by Yvette Cooper MP, workers were 73 per cent confident they can adapt to technological change and update their skill if automation affects their job and over half think (53 per cent) are optimistic that technology change will be good for their working lives. More →

Business leaders admit recruitment process could be significantly affected by Brexit

Business leaders admit recruitment process could be significantly affected by Brexit

Business leaders admit recruitment process could be significantly affected by BrexitA quarter (25 percent) of businesses currently employ staff from the EU but half (50 percent) of business leaders say they would be put off employing someone from the EU after the immigration laws change a new survey has claimed. A quarter (25 percent) are also concerned the recruitment process will become lengthier, and almost a fifth (19 percent) believe it will become more costly. The study by Blacks Solicitors also found business leaders in the UK don’t feel confident in communicating the forthcoming changes to employees’ rights during Brexit. A quarter (23 percent) revealed they feel underprepared, and a further 61 percent say they are worried about leaving the EU. More →

The digital workplace could provide the key to organisational success, claims Microsoft

The digital workplace could provide the key to organisational success, claims Microsoft

New research from Ingram Micro Cloud and Microsoft suggests that organisations without the right digital infrastructure in place to support flexible working risk their long term survival. In a white paper titled The Modern Workplace (registration needed), the firms claim that 60 per cent of under-35s place greater value on the ability to work in flexible ways than many other job features including holiday allowances. The report suggest that while under 35’s are at ease using cloud-based collaborative, file hosting and sharing tools to do their jobs many employers fail to provide this digital infrastructure.

HR offers the key to enhanced employee financial wellbeing, claims report

HR offers the key to enhanced employee financial wellbeing, claims report

With poor financial wellbeing impacting on productivity, a new paper claims that, despite growing interest, there remains a lag in employers taking action in this area – and that Human Resources departments are key to building a business case for support. Published by the Institute for Employment Studies (IES), the paper, Building the business case for employee financial wellbeing, draws on findings from a Money Advice Service-funded study trialling financial wellbeing guidance from IES and the Chartered Institute of Personnel and Development (CIPD).

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