Firms know of a link between worker experience and success, but cannot find it

Firms know of a link between worker experience and success, but cannot find it

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worker experienceAgainst a backdrop of Brexit, political turmoil and a global talent war, retaining the best staff to deliver a competitive advantage has become a crucial priority for many UK business leaders – however few know how to create and deliver the best worker experience, according to new research from Kincentric. More →

Migration adds billions to European economies, report claims

Migration adds billions to European economies, report claims

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diversity in hiring can help firms address the skills gapA new study claims that the income from taxation and the benefits of welcoming an educated workforce in EU member states adds up to tens of billions of pounds. According to an analysis by Movinga, the UK gains the most in overall earnings over 10 years with around £20.5 billion, followed by Germany with £16 billion, and France with £10.5 billion. The report claims that the overall earnings and savings from highly skilled migration to the UK over a ten year period in the STEM, Education and Healthcare sectors could cover the annual expenditure of the UK Parliament 37 times over. The overall earnings and savings from highly skilled migration to the UK over a ten year period in the Healthcare sector alone is equivalent to the cost of 37,000 secondary care (emergency) hospital beds per year. More →

The four day week will make management support more important than ever

The four day week will make management support more important than ever

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four day weekWith work collaboration tools like Facebook Workplace growing more common and constant out of hours access to work emails, it is increasingly difficult to distinguish between work and leisure. This lack of separation between the office and home risks creating a situation where we have less time to unwind. So it’s not surprising that the World Health Organisation officially classified burnout as an occupational phenomenon. Rising workloads, limited staff and resources, and consistently long hours are all contributing to half a million people in the UK suffering from work related stress, with 15.4 million working days lost as a result. Business and politics are hoping to buck this negative trend by finding ways of improving people’s work-life balance – most recently by experimenting with a four day week.  More →

Two thirds of bosses say workers don’t like change. Workers disagree.

Two thirds of bosses say workers don’t like change. Workers disagree.

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changeNew research by HR solutions provider People First, part of MHR International, claims that nearly three-quarters of bosses think that their employees do not like change. However, the same research suggests that 1 in 4 employees say that it is in fact their bosses who do not like change and who are holding the business back. Surveying the attitudes of 250 bosses and 250 employees from firms across the UK, the research highlights an interesting disconnect between bosses and their staff when asked about the other’s shortcomings. More →

Freelancer confidence is “lowest on record”

Freelancer confidence is “lowest on record”

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A freelancer using a laptop

Freelancers’ confidence in the economy is the lowest on record because of their concerns about the economy, Brexit and IR35. They are, however, working more and charging higher day rates – seemingly to prepare for hard times ahead.  According to the freelancer Confidence Index by IPSE (the Association of Independent Professionals and the Self-Employed), confidence in the economy has fallen to historic lows both for the coming three months and the coming 12 months. Freelancers’ confidence in their own businesses has also dipped to a record low. More →

UK could receive £83 billion GDP boost by halving regional productivity gap

UK could receive £83 billion GDP boost by halving regional productivity gap

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UK productivityUK GDP could be boosted by 4 percent – or £83 billion – if local areas with below-average productivity levels could make up half of the gap, according to PwC’s latest UK Economic Outlook. The report examines UK regional productivity, revealing wide variations in domestic productivity per job, as well as from an international perspective. PwC concludes that UK output per worker is around 10-15 percent behind Germany, France and Sweden and more than 30 percent behind the US. More →

Over a third of workers already consider themselves entrepreneurs

Over a third of workers already consider themselves entrepreneurs

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startups and entrepreneursForty percent of workers already consider themselves entrepreneurs according to The Myers-Briggs Company research report, Type and entrepreneurship, which investigates the relationship between personality and entrepreneurship in the workplace. The research suggests that entrepreneurial businesses perform better financially, and thus, creating a work environment where employees of all personality types can embrace their entrepreneurial qualities is beneficial to businesses. More →

Gulf between the values of businesses and those of employees

Gulf between the values of businesses and those of employees

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organisational valuesA new study from The Institute of Leadership & Management claims there is a significant gulf between the organisational values held by UK businesses and the personal values of their workers, and highlights the different values considered important to men and women, younger and older workers and between sectors. More →

One in five businesses plan to drop contractors because of IR35

One in five businesses plan to drop contractors because of IR35

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Companies are in danger of losing top talent due to lack of flexible working and IR35A fifth of of UK businesses say they are planning to axe contractors completely to ensure they are fully tax compliant ahead of the IR35 changes planned for next year, according to a survey from recruitment firm Harvey Nash. The 2019 Harvey Nash IR35 Sentiment Survey (registration) of 1,200 businesses and contractors claims to reveal the confusion that still reigns around IR35 legislation among both contractors and the businesses that rely on them. The findings suggest that 83 percent) of businesses believe IR35 will impact negatively on their industry. Meanwhile 60 percent of contractors say they have experienced increased anxiety, stressing or worrying about how the new rules will affect them. More →

Women may be struggling to climb career ladder because of their beliefs about competition

Women may be struggling to climb career ladder because of their beliefs about competition

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Women might be less likely than men to go for opportunities in competitive workplaces because they don’t see as much of an upside to competition as men do, research by UCL School of Management and London Business School reveals. Women are on average less competitive than men. This gender difference has been explained largely by external factors such as the different evolutionary and social pressures men and women experience. Extending our current understanding of the gender difference in competitiveness, Dr. Sun Young Lee and Dr. Selin Kesebir reveal beliefs about competition as one source of the gender differences in competitive attitudes and behaviours. More →

Strongest year ever for the number of women on FTSE 100 boards

Strongest year ever for the number of women on FTSE 100 boards

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The latest Hampton-Alexander report shows that women now hold 32.4 percent of all FTSE 100 board positions, up from 30.2 percent last year and up from only 12.5 percent in 2011. The FTSE 100 is very close to meeting the 33 percent target for Women on Boards and will do so ahead of the 2020 deadline. The report also shows that women hold 29.6 percent of all FTSE 250 board positions, up from 24.9 percent last year and only 7.8 percent in 2011. The FTSE 250 has had its strongest year yet and if the same rate of progress continues next year, the FTSE 350 will be on track to meet the 33 percent target by the end of 2020 deadline. More →

Global warming is already having a widespread economic impact

Global warming is already having a widespread economic impact

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global warmingThe impact of global warming is rarely included in standard macroeconomic forecasts, even over 20-30 year time horizons. This partly reflects the perception that the economic effects of global warming are unlikely to become significant until the second half of this century and even then, will cost no more than a few percentage points of world GDP.

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