Progress towards closing gender pay gap slows around the world

Progress towards closing gender pay gap slows around the world 0

Women across the globe earn on average  just over half of what men earn despite, on average, working longer hours when taking paid and unpaid work into account. The world is facing an acute misuse of talent by not acting faster to tackle this gender inequality, which could put economic growth at risk and deprive economies of the opportunity to develop, warns the World Economic Forum’s Global Gender Gap Report 2016, which is published today. The latest edition of the annual benchmarking exercise that measures progress towards parity between men and women in four areas: Educational Attainment, Health and Survival, Economic Opportunity and Political Empowerment finds that progress towards parity in the key economic pillar has slowed dramatically with the gap – which stands at 59 percent – now larger than at any point since 2008. Aside from salary, another persistent challenge is stagnant labour force participation, with the global average for women standing at 54 percent, compared to 81 percent for men. The UK is ranked 20th overall in the global index and of those countries in Western Europe, the UK falls in the bottom half of the table.  In respect of economic participation and opportunity, the UK is ranked 53.

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Larger employers much more optimistic about post-Brexit outlook than SMEs

Larger employers much more optimistic about post-Brexit outlook than SMEs 0

BrexitA gap is emerging between UK businesses regarding the impact of Brexit, with large businesses significantly more optimistic about the future than their small business counterparts, joint research by NGA Human Resources (NGA HR) and its SMB division, Moorepay suggests. Six in ten (59 percent) respondents working for large businesses expect Brexit to have a positive impact on their business, but only 35 percent of SMBs share this view. In fact, a quarter of (25 percent) SMB employees in the UK actually believe their situation will worsen after the UK has left the European Union. Looking ahead, the majority (79 percent) of larger UK businesses are ready to address the challenges and exploit the opportunities resulting from Brexit, whereas just over half of small businesses (56 percent) feel the same. Asked about their wish list for a post-Brexit economy, all UK businesses agree that access to the single market is the biggest advantage of the EU membership and one that both large businesses (64 percent) and SMBs (54 percent) would like to retain. Additionally, opening up trade to new countries and markets is seen as the main advantage of Brexit for both large (70 percent) and smaller businesses (54 percent), followed by freedom from EU laws and regulations (both 48 percent).

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Two-thirds of British workers more productive working in the office

Two-thirds of British workers more productive working in the office 0

Office teamwork

Despite half (50 percent) of the British workforce saying they are equipped with the right tools and technology to enable them to work anywhere, half (50 percent) of respondents to a new survey stated that remote working can make them feel stressed, isolated or lonely (43 percent) and over half (53 percent) said that working out of the office makes them feel disconnected from colleagues. The survey from Peldon Rose, found that two-thirds (66 percent) of British workers say they work most productively in the office compared with a quarter (26 percent) who work most productively at home. The survey results also underline how vital close working relationships with colleagues are to employees’ happiness, wellbeing and productivity with nine in 10 (91 percent) of office workers stating they value their friendships within the workplace and 80 percent crediting their friendships with colleagues with helping them to be more productive at work – something they feel boosts their productivity even more than personal technology (66 percent).

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Older job seekers believe age discrimination remains rife in the workplace

Older job seekers believe age discrimination remains rife in the workplace 0

older workersResearch released by recruitment website totaljobs claims that almost two-thirds (63 percent) of 55-64 year olds have said they have felt discriminated against by a prospective employer because of their age and only 6percent of the same age group see their age as an advantage when applying for a job. The research from totaljobs, based on responses from over 4,000 job seekers, also claims that 72 percent of 55-64 year olds spend over an hour preparing for an interview compared with just 62 percent of 16-24 year olds. The study also claims that young people are much less likely to feel discriminated against because of their age. Just 33 percent of 16-24 year had felt age discrimination, with this number falling to 21 percent for 25-34 year olds and 22 percent for 35-44 year olds – a stark contrast to the 63 percent of 55-64 year olds. Whereas 82 percent of 55-64 year olds and 62 percent of 45-54 year olds see their age as a disadvantage when applying for a job, only 31 percent of 16-24 year olds and 16 percent of 25-34 years olds feel the same.

 

Uberification of work + Future of coworking + Quest for productivity

Uberification of work + Future of coworking + Quest for productivity 0

Tower 535 CoworkingIn this week’s Newsletter; Anthony Brown argues Uber’s success lends a name for a process that is reshaping the commercial property sector; Mike James wonders where the gig economy and zero hours contracts are taking us; and Mark Eltringham discusses the interaction of people and technology. Two new reports highlight the growth of the freelance workforce in the UK and US; researchers analyse the impact of coworking from a corporate real estate (CRE) perspective; Barclays presents its vision of the workforce of the future; and Herman Miller unveils a new Aeron chair.  The latest stage of the UK’s BIM Task Group programme is officially launched; responses to a government enquiry reveal the barriers the built environment still presents to disabled people; and a combination of financial, mental and physical health problems affect many workers. Download our new Briefing, produced in partnership with Boss Design on the link between culture and workplace strategy and design; visit our new events page, follow us on Twitter and join our LinkedIn Group to discuss these and other stories.

Triple threat to worker wellbeing is financial, mental and physical

Triple threat to worker wellbeing is financial, mental and physical 0

Triple threat to worker wellbeingWorkers are under siege from a triple threat to their wellbeing, often dealing with a combination of financial, mental and physical health problems. Research from AXA PPP healthcare claims that over half (52 per cent) of nearly 2,500 workers polled had faced financial difficulties, while around a third say they’ve lived with mental ill health (36 per cent) or had problems with their physical health (30 per cent). Most workers (81 per cent) say that, when they’ve experienced difficulties with their mental health, their physical health has suffered too, while over half (52 per cent) admit that their finances have been adversely affected. Similarly, when facing problems with their physical health, 71 per cent say that they’ve also experienced difficulties with their mental health, while 40 per cent report that their finances have taken a turn for the worse. A sizeable proportion of employees who’ve had financial difficulties say that their mental health (76 per cent) and physical health (50 per cent) have also been adversely affected.

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Fifth of UK staff say stress at work negatively impacts their health

Fifth of UK staff say stress at work negatively impacts their health 0

Stress at workOne in five people say their workload as having a negative impact on their health. Respondents to a survey of 2,000 UK workers state their jobs have caused them to suffer from depression and other stress-related illnesses. The research, commissioned by staffing app Coople, and carried out by OnePoll, claims that 30 per cent of respondents said work has made them unhappy and stressed, while more than a quarter (26 per cent) say their job causes arguments with their partner – 8 per cent of which say work has been the major factor in the breakdown of their relationship. Over half of those polled (51 per cent) have attributed a lacklustre social life to their work commitments; with 28 per cent working late, 18 per cent responding to emails out of hours and 10 per cent picking up calls outside of their hours.

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Built environment still creates barriers for people with a disability

Built environment still creates barriers for people with a disability 0

A huge response to the Women and Equalities Committee’s inquiry into disability and the built environment indicates how lack of accessibility is an ongoing issue for many people. Over 150 individuals and organisations have submitted evidence to the inquiry, which aims to explore the extent to which the needs of people with a disability are considered and accommodated in the built environment, and asks whether more could be done to increase the accessibility and inclusivity of both new and existing properties and spaces. More →

Third of new parents in US feel bosses presume they’re less committed

Third of new parents in US feel bosses presume they’re less committed 0

working-parentsNearly 70 percent of expectant women and new parents say their employer tops the list of considerations when deciding to start a family. The new US-based study suggests that today’s generation of parents are determined to build families without postponing or abandoning career ambitions, but find themselves faced with an unfriendly and unsupportive environment at work. The third annual report in the Modern Family Index (MFI) series, commissioned by Bright Horizons Family Solutions found that women and men are waiting longer to have children, with the data showing births are down among women in their twenties and up for women over age 35. And though virtually all women surveyed are excited to return to work after a maternity leave, more than one in three new parents report feeling that their boss presumes they are now less committed to work and would prefer if they left.

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Staff engagement boosted by learning opportunities over benefits

Staff engagement boosted by learning opportunities over benefits 0

Staff engagement

It is often assumed that salary, bonuses and office perks are essential to staff engagement as the most important criteria valued by employees, but a new survey suggests otherwise. Instead, the survey by totaljobs found that across all age groups and industries what people value far more than anything else is learning on the job, selected by almost all (97 percent) of 6,829 people questioned. Loyalty and variety in a role, valued by 93 percent of respondents, also came out strong, emphasising that for most people work is about a lot more than a pay check. The need to feel they are progressing, learning new things and the company appreciates their contribution were all important factors in how much people enjoy their jobs. The other things valued most by employees were  variety in a role (93 percent); working autonomously (68 percent); perks and benefits (67 percent) and structured teams (64 percent).

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Stress and overwork in the City of London remains endemic, finds research

Stress and overwork in the City of London remains endemic, finds research 0

img-1500x1032-financial-districtThe financial services industry has never been known as a ‘touchy-feeling’ environment, and despite efforts to raise the issue of mental ill health at work, appears resolutely resistant to cultural change. This perception is reinforced by a new piece of research which claims that rising stress in the City is driving more than two out of three investment bank staff to consider quitting their job – but employees believe talking about stress or mental health issues to management will damage their careers. In a study by MetLife among decision makers at financial institutions two out of five (40 percent) think their job is extremely stressful with 67 percent considering quitting their jobs in the next year if stress levels do not improve. However, despite the impact of stress on their work and home lives, around 70 percent believe that admitting to suffering from anxiety or mental health issues will damage their career prospects and there is a reluctance to offer staff more flexible hours to help reduce the strain.

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UK large businesses are failing to create a culture of creativity and innovation

UK large businesses are failing to create a culture of creativity and innovation 0

suggestion_boxA new study claims that the UK lags behind other European countries when it comes to fostering a culture of innovation at creativity at work. Whilst 63 percent of French employees and 57 percent of Spanish employees feel empowered to lead innovation and drive change, less than half (47 percent) of employees surveyed across the UK agree. In turn, this appears to be impacting morale; just 54 percent of employees in the UK said they feel inspired in the workplace compared to 74 percent in Spain, 73 percent in France and 66 percent in Germany.  As businesses strive to stay ahead of the competition, making innovative use of technology is a top priority. However, the research commissioned by BMC and conducted by Opinion Life, suggests that businesses across the UK are struggling to foster an innovative culture fast enough and failing to capitalise on the creativity of their staff.

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