August 19, 2019

“War for talent” and Brexit ramping up staff retention efforts

News that over one million EU nationals have been given permission to remain in the UK after Brexit, gaining settled or pre-settled status offers businesses expanded talent pools for plugging skills gaps and talent shortages in their workforce. New research claims that talent management concerns are on the rise. With the ongoing ‘war for talent’ intensifying over future skills requirements, businesses must remain vigilant when it comes to the growing technical skills gaps in their workforce, the report suggests. More →

August 16, 2019

Knowledge workers feel out of step with their own organisation

by Neil Franklin • News, Technology, Working culture

Many knowledge workers don’t feel they share common goals with their employer and colleagues, according to a study of 17,000 people by Slack. The State of Work Report summarises the findings, including the effect of this feeling of a lack of ‘alignment’ on organisational and personal performance and the role of technology in aligning people around shared goals. More →

August 15, 2019

Firms with a balance of men and women outperform male dominated rivals

by Neil Franklin • News

The share performance and other metrics of listed companies with a balance of men and women tend to be better than those of male-dominated rivals, according to a new report from Morgan Stanley. The report is based on Morgan Stanley’s HERS ranking, a new measurement the investment bank has developed to evaluate gender diversity at companies and its impact on performance. It determines the gender diversity of a company by factoring in the percentage of women on boards, in the executive and management team, and in the workforce generally. More →

August 15, 2019

Skills for the future of work laid out by new task force

by Neil Franklin • News, Workplace

Because qualifications are only part of the story for employers, who are placing more emphasis on essential skill sets, like teamwork, presenting and problem-solving, but these are often difficult to assess at the recruitment and selection stage. In response, leading organisations from the education and employment sectors (the CIPD, The Careers & Enterprise Company, Business in the Community, the Gatsby Foundation, EY Foundation and the Skills Builder Partnership) have come together for the first time to agree a universal framework for essential skills. It will build on the Skills Builder Framework, already used by over 700 organisations, and set out the skills needed to thrive at work, as well as how these can be assessed and developed. It can be used by students, workers and employers. More →

August 14, 2019

Humans are main weakness in fight against data theft

by Neil Franklin • News, Technology, Workplace

Only four in 10 (42 percent) businesses focus on compliance training as part of their cybersecurity protocol to ensure sensitive data is kept secure, claims a new report from ESET and The Myers-Briggs Company. The paper reports that most worryingly, 63 percent rely predominantly on passwords. According to the Cyberchology paper that investigates the link between personality types and vulnerabilities to cybercrime, cybersecurity should be on every boardroom’s agenda. More →

August 14, 2019

London commercial property market continues to thrive

by Neil Franklin • News, Property

July saw some of the largest deals complete in central London this year, says Savills, with a total of £1.394bn transacted in the West End and the City of London across 13 deals, representing a 185 percent increase on the £489m transacted in June. The real estate adviser highlights the low exchange rate coupled with high demand as the key factors behind the ongoing drive for deals in the London commercial property market. More →

August 13, 2019

Younger workers believe flexible working is essential for mental health

by Neil Franklin • Flexible working, News, Wellbeing

Nearly 40 percent of people under the age of 45 who have flexible working believe it has offered marked improvements in their mental health, a survey from Wildgoose claims. The firm conducted a survey of the workers to ask for their thoughts on working culture and the impact it has on a range of life outcomes. Employees from 114 companies from all backgrounds gave their answers anonymously. According to the study, the results highlight the reasons employees are looking for jobs that offer a degree of flexibility in terms of times and places of work. More →

August 13, 2019

Working carers of children and parents are at breaking point

by Neil Franklin • Flexible working, News, Wellbeing

‘Sandwich carers’, those people who look after children and their relatives alongside work, are struggling to cope with the burden of juggling caring responsibilities alongside their job. Around 1.3 million people in the UK now fall into this category and new research from BHSF claims that many are at breaking point. 44 percent said they often find managing their responsibilities hard – with 16 percent admitting that it’s always too much to cope with. More →

August 13, 2019

Insecure leaders prefer to take advice from machines than people

by Neil Franklin • AI, News, Workplace

Leaders who are in danger of losing their position are more likely to take advice from a data algorithm than another human, research from BI Norwegian Business School claims. Psychologist Ingvild Müller Seljeseth conducted studies where participants were assigned to either stable or unstable leadership positions, which they would lose if they made a wrong decision. When asked to estimate the number of peas in a jar, leaders in a stable position were far more inclined to accept advice from previous participants than leaders in an unstable position. More →

August 13, 2019

Increase in non-EU workers eases skills challenge

by Neil Franklin • News, Workplace

The sharp increase in non-EU citizens coming to work in the UK has helped to ease recruitment difficulties for medium and high-skilled roles, according to new research from the CIPD and Adecco Group. Despite employment growing strongly over the past year, the number of applicants chasing each medium and high-skilled vacancy has fallen relatively modestly compared with the same period last year. However, the number of people applying for low-skilled roles has dropped by a fifth over the past year, suggesting that some employers may face significant recruitment challenges for skills in the coming months. These are the findings of the latest quarterly Labour Market Outlook from the CIPD and the Adecco Group, a survey of 2,104 employers which explores their pay and hiring intentions. More →

August 9, 2019

Productivity decline linked to poor employee financial wellness

by Neil Franklin • News, Technology, Workplace

Almost all (98 percent) employers believe that their employees’ financial wellness has a direct impact on productivity and their business performance – especially concerning employee productivity (67 percent) and engagement (62 percent). This is according to the Future of Pay research study (registration) by technology firm ADP, which surveyed 4,000 employees and 2,900 businesses to explore workers’ perceptions and attitudes towards traditional and emerging pay methods to address some of the biggest human capital management concerns. More →

August 8, 2019

Bosses at financial services firms falling behind on tech know-how

by Neil Franklin • News, Technology

With widespread disruption from new and emerging technologies facing companies, the financial services sector is still lacking in both diversity and CEOs with a background in technology, according to recent analysis from recruitment firm,Robert Half UK. According to the results of the annual Robert Half FTSE 100 CEO Tracker, not one of the CEOs leading the FTSE 100’s financial services companies has a background in technology. By contrast, the proportion of CEOs with a background in technology across all sectors has increased by 27 percent over the past year, as the impact of digitisation is felt across multiple industries and sectors. More →