Search Results for: economic

Report links economic growth with the idea of ‘good work’

Report links economic growth with the idea of ‘good work’

by • HR, News, Wellbeing

CIPD sets out core themes for skilled, fair and healthy good work that should underpin a new workforce strategy for the next UK GovernmentIn advance of the main party conferences, the CIPD is calling for the next UK Government to develop a long-term workforce strategy to underpin a broader, bolder vision for economic growth. This is a central message in its new ‘Manifesto for Good Work’ which outlines the public policy changes needed to address the UK’s multiple challenges, for all the main UK political parties. These challenges include stagnating productivity, rising skills shortages and our ageing working population. More →

Bolder strategy needed to boost productivity and economic growth

Bolder strategy needed to boost productivity and economic growth

by • HR, News

The Government’s plan to transform the UK into a science and technology superpower will fail to boost living standards unless it’s linked to a broader industrial strategy aimed at raising productivity across all sectors of the economy.The Government’s plan to transform the UK into a science and technology superpower will fail to boost living standards unless it’s linked to a broader industrial strategy aimed at raising productivity across all sectors of the economy. This is the central conclusion of a new CIPD discussion paper, An industrial strategy for the everyday economy, which says a bolder vision for economic growth, looking across all sectors and areas of the economy, is needed considering the multiple challenges facing the UK. More →

Unintended economic consequences of remote working becoming evident

Unintended economic consequences of remote working becoming evident

by • Flexible working, News

New data suggests that office attendance in London has recovered strongly since the end of Covid restrictions, confounding predictions of remote working becoming the ‘new normal’New data suggests that office attendance in London has recovered strongly since the end of Covid restrictions, confounding predictions of remote working becoming the ‘new normal’, according to a new report from the Centre for Cities. However, recovery has stalled in 2023 and the report, London, Office politics: London and the rise of home working, co-authored with Professor Dan Graham and his colleagues from Imperial College and published in partnership with EC BID, addresses the possible economic risks of businesses adopting hybrid working permanently. More →

Growth in self-employment a good sign of economic recovery

Growth in self-employment a good sign of economic recovery

by • HR, News

IPSE (the Association of Independent Professionals and the Self-Employed) has welcomed new figures from the Office for National Statistics (ONS) showing year-on-year growth in self-employmentIPSE (the Association of Independent Professionals and the Self-Employed) has welcomed new figures from the Office for National Statistics (ONS) showing year-on-year growth in self-employment. There are 154,000 more self-employed than this time last year. In total, there are now 4.4 million operating in the UK. The data also revealed a significant rise in the number of women choosing to work for themselves, with an additional 93,000 self-employed women compared to the same time last year. More →

New study will explore the impact of economic turmoil on workplace experience

New study will explore the impact of economic turmoil on workplace experience

by • Flexible working, News, Wellbeing

eople's workplace experience in the wake of recent economic upheavals is to be investigated as part of a major new survey led by Cardiff UniversityPeople’s workplace experience in the wake of recent economic upheavals is to be investigated as part of a major new survey led by Cardiff University and funded mainly by the Economic and Social Research Council (ESRC). The Skills and Employment Survey 2023 (SES2023), which also involves researchers at UCL, the Universities of Oxford and Surrey and the National Centre for Social Research, will help academics assess the impact of an extraordinary period of turbulence for workers which includes the economic downturn, Cost-of-Living Crisis, Covid-19 and Brexit. More →

Investment in real estate upgrades stalls in face of economic and business challenges

Investment in real estate upgrades stalls in face of economic and business challenges

by • News, Property

An image of some offices to illustrate the challenges facing real estate investors Research by ULI and PwC claims that nearly half of Europe’s real estate leaders are concerned about buildings becoming obsolete in the next five years in the face of long-term upheavals in demographics, climate change, technology and lifestyles. Most of the 900 or so industry leaders that participated are making long-term resources available to address the fit-for-purpose agenda. However, the challenging business environment has reshuffled priorities to financing and high construction costs, and scarcity of resources has made real estate renewal more expensive to achieve, consequently delaying much needed investment. More →

Flexible working takes a step back in face of economic certainty

Flexible working takes a step back in face of economic certainty

by • Flexible working, News

A woman working at home to illustrate flexible workingAs economic storm clouds gather, the flexibility and freedoms introduced during the pandemic that employees benefited from are now at risk according to a new study conducted by LinkedIn. It claims that in the UK, the current economic and business climate is causing concern among business leader that companies will be forced to wind back progress on important areas of working life such as flexible working (75 percent), skills development (76 percent), and employee wellbeing (83 percent). More →

Economic uncertainty kills talk of quiet quitting and the great resignation

Economic uncertainty kills talk of quiet quitting and the great resignation

by • HR, News

Two people sit in an office talking, relaxed in chairs with no suggestion of a great resignation or quiet quittingIn spite of all the talk of a ‘great resignation’ and ‘quiet quitting’, more than three quarters of British workers (81 percent) are planning to ride out the recession with their current employer. This is in spite of the fact that nearly half (46 percent) say that they’d like to change jobs, according to a new poll from people analytics company Visier. When asked why they wouldn’t be keen to change job roles during a recession, concerns over job security in a new role (57 percent), having to settle for a lower salary compared to a current role (42 percent), and increased competition for current vacancies as a result of increased redundancies (28 percent) were cited as the leading reasons. More →

Digital transformation of small businesses could provide massive economic boost

Digital transformation of small businesses could provide massive economic boost

by • News, Technology

digital transformationThe new Digital Britain [automatic download] report from Sage claims that over half of Britain’s economic potential from tech adoption is as yet untapped. But ongoing concerns amongst small and medium sized business about cost, skills and knowledge are holding them back from taking on the digital transformation that will ensure their success and provide a massive boost to the economy. The report claims that the use of technology by small and medium businesses (SMBs) contributes £216 billion to the UK economy; but if SMBs unlock the full benefits of technology, this could add an extra £232 billion, boosting the value of tech use to the UK economy by almost double to £448 billion annually. More →

Disabled workers to get their own mentor programme from World Economic Forum

Disabled workers to get their own mentor programme from World Economic Forum

by • HR, News

disabled workersThe Valuable 500, which claims to be the largest network of global CEOs committed to disability inclusion, has announced the launch of Generation Valuable, a programme designed to accelerate opportunities for disabled workers to join the boardroom. Generation Valuable plans to connect and incubate C-Suite talent with disabled talent. Over 1.3 billion people across the world live with some form of disability yet, according to Return on Disability, only 4 percent of businesses are focused on making offerings inclusive of disabled people. Moreover, research shows that minority talent faces promotion barricades just below the Executive rung. More →

Economic inactivity hits record high amongst men aged over 50

Economic inactivity hits record high amongst men aged over 50

by • News

Economic inactivity levels amongst men aged 50-64 in December 2021 to February 2022 were the highest since records began, according to new analysis from Rest Less. The firms analysed labour market data from the Office of National Statistics and found that economic inactivity levels amongst men aged 50-64 reached 1.47 million in the latest official figures – the highest they have ever been since records began in 1992. The economic inactivity rate amongst this demographic reached a nine-year high and is now at 23.1 percent. More →

Employment opportunities denied to people from low socioeconomic backgrounds

Employment opportunities denied to people from low socioeconomic backgrounds

by • HR, Jobs, News

employment opportunitiesOver 50 percent of UK job seekers from low socioeconomic backgrounds miss out on employment opportunities, claims a study of over 2,200 people. The survey (registration), from EdTec startup Forage suggests that employers must refine their social mobility initiatives to achieve a fair recruitment process for all. More →

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