The UK workplace sector reacts to the Spring Budget 2023

The UK workplace sector reacts to the Spring Budget 2023

The workplace sector in the UK has been reacting to the announcements in the Spring budgetToday the UK’s Chancellor of the Exchequer, Jeremy Hunt presented his Spring Budget to the House of Commons. In it he announced what her referred to as his ‘four pillars’ of industrial and productivity strategy, namely: ‘Enterprise’, ‘Employment’, ‘Education’, and ‘Everywhere’. Perhaps the headline element of this announcement was the creation of twelve new investment zones across the UK as well as incentives for older workers to return to the country’s patchy workforce. This includes£63m for programmes to encourage retirees over 50 back to work, “returnerships” and ‘skills boot camps’. Another headline for the workplace sector was the offer of improved childcare arrangements, especially for the parents of very young children, who will see 30 hours of free childcare expanded to include one and two-year-olds. More →

Online personal brands are the key to job success say ‘Gen Z’

Online personal brands are the key to job success say ‘Gen Z’

New research claims to reveal how people belonging to Gen Z perceive online ‘personal brands’ as a crucial tool to gain more advantage in job marketsNew research claims to reveal how people who belong to ‘Generation Z’ perceive online ‘personal brands’ as a crucial tool to gain more advantage in job markets. The study, led by the University of East Anglia in collaboration with the University of Greenwich, claims to demonstrate the importance of authentically building online personal branding strategies and tactics to bridge the gap between Gen Z ‘s desired and perceived images on social media when job seeking. More →

Despite rise of hybrid working, people spend majority of time on pointless work and meetings

Despite rise of hybrid working, people spend majority of time on pointless work and meetings

Businesses and workers are still grappling with barriers to productivity despite the advent of more widespread flexible and hybrid working, claims a new reportBusinesses and workers are still grappling with barriers to productivity despite the advent of more widespread flexible and hybrid working, claims a new report from Asana. According to the fourth Anatomy of Work Global Index, “work about work” – time spent on work coordination rather than the skilled, strategic jobs they want to do – remains how workers spend the bulk of their day. Conducted by GlobalWebIndex (GWI) on behalf of Asana, the 2023 Anatomy of Work Global Index surveyed the behaviours and attitudes of more than 9,615 knowledge workers across the United States, U.K., Australia, France, Germany, and Japan to understand the impact of cross-functional collaboration. More →

Gender-balanced boards are more likely to push for improved company culture

Gender-balanced boards are more likely to push for improved company culture

women are more likely than men to focus on emerging issues, notably company culture and employee developmentThe 30% Club, in partnership with board advisory specialists Lintstock, has today issued new qualitative analysis based on the engagement of male and female directors in 100 FTSE board reviews in a report Evidencing the Contribution of Gender Balance to Board Effectiveness. The survey claims to highlight the difference gender diversity makes to the running of corporate boards, with a significant finding that women are more likely than men to focus on emerging issues, notably company culture and employee development. In addition, female directors were also more likely to offer criticism and recommendations for improvement on both their own performance and their business activities. More →

Pipeline of women managers has stalled in wake of pandemic

Pipeline of women managers has stalled in wake of pandemic

The leadership pipeline for women has hollowed out in the middle, according to a new study “Women in leadership: Why perception outpaces the pipeline—and what to do about it” from IBM Institute for Business Value (IBV) and Chief. The study of 2,500 organisations in 12 countries and 10 industries found a small increase in the number of women at the C-suite and Board level (now 12 percent for both), and an increase to 40 percent representation of women in junior professional/specialist roles (37 percent in 2021). However, the pipeline for top leadership positions still hasn’t recovered to pre-pandemic levels – 14 percent representation of women in senior vice president roles (18 percent in 2019) and 16 percent in vice president roles (19 percent in 2019). More →

Employers prioritising long term return on investment in recruitment

Employers prioritising long term return on investment in recruitment

Following the 'hiring frenzy' of the pandemic, recruitment strategies are focused on total value creation by empowering their teams to learn, grow and be ready for any contingencyFollowing the ‘hiring frenzy’ of the pandemic, recruitment strategies are focused on total value creation by empowering their teams to learn, grow and be ready for any contingency, according to the 2023 Talent Trends Report from Randstad. The poll of over 900 C-suite and HR leaders in 18 markets focussed on their talent and career development priorities for the year ahead. Now in its 8th year, this year’s report claims that despite an uncertain economic environment, business leaders are focused on driving long-term value and business impact by increasing talent engagement, satisfaction, productivity, and retention, following the ‘hiring frenzy’ of the last two years.  More →

Unlocking the digital frontier: hiring the next generation of tech talent

Unlocking the digital frontier: hiring the next generation of tech talent

Any business that is looking to grow its consumer base or expand into new markets is likely to be relying on digital technology to a greater extent than ever before both in their operations and management. This also means that the world of employment, both for workers and enterprises, is necessarily evolving too. An inevitable consequence of this evolution has been that those for whom technology has been an essential part of their life and education — so-called digital natives — are in growing demand. More →

People will leave jobs that don’t align with their values, author claims

People will leave jobs that don’t align with their values, author claims

Pay and benefits are no longer the only critical factors in deciding where to work, with a majority citing their employers’ values (80 percent) and commitment to the environment (76 percent) and social equality (75 percent) as key criteria, claims a survey commissioned by advocate and author Paul Polman. More →

Employers brace for ‘talent exodus’ as people seek better pay

Employers brace for ‘talent exodus’ as people seek better pay

56 percent of employees in the UK are looking to move jobs in the first half of the year, with 49 percent selecting better pay as the primary reasonOver half (58 percent) of employers in the UK believe that they will lose staff in the next six months as they seek to earn more by moving jobs, according to a new poll. According to the survey by talent services company, Morgan McKinley for its 2023 Salary Guide, 56 percent of employees in the UK are looking to move jobs in the first half of the year, with 49 percent selecting better pay as the primary reason, followed by ‘better career growth and development opportunities’ (17 percent). More →

Working mums feel forced to limit careers due to inflexible working practices

Working mums feel forced to limit careers due to inflexible working practices

A new report claims that many working mums have felt forced to limit their careers as a result of their employer’s inflexible and outdated working policies and cultures.A new report claims that many working mums have felt forced to limit their careers as a result of their employer’s inflexible and outdated working policies and cultures. The Shift from Worker to Working Parent sponsored by WOMBA (Work, Me and the Baby) and carried out by Hult International Business School (Ashridge) interviewed working mums and dads who had recently taken extended parental leave about the experiences they faced as they transitioned to parenthood in an organisational context. More →

Firms struggle to get a grip on people data despite workplace challenges

Firms struggle to get a grip on people data despite workplace challenges

A new CIPD survey of business leaders claims there is a significant mismatch between the scale of the challenge that workplace issues currently pose to businesses and how often workforce issues and people data are discussed by senior leaders.A new CIPD survey of business leaders claims there is a significant mismatch between the scale of the challenge that workplace issues currently pose to businesses and how often workforce issues and people data are discussed by senior leaders. In response, the CIPD is warning that organisations are unlikely to perform well in the long term unless decisions taken at a board and executive management level are informed by an in-depth and evidence-based understanding of the value and risk their workforce poses. More →

People who act as a go-between for colleagues more prone to abuse and burnout

People who act as a go-between for colleagues more prone to abuse and burnout

Employees who act as brokers, meaning they work as a go-between for coworkers who do not communicate directly, are more likely to burn out and become abusive towards their colleaguesEmployees who act as brokers, meaning they work as a go-between for coworkers who do not communicate directly, are more likely to burn out and become abusive towards their colleagues, according to new research from ESMT Berlin and published in the journal Organization Science. The research, led by Eric Quintane, associate professor of organizational behaviour at ESMT Berlin, examines the psychological costs of having to sustain communications with coworkers who do not communicate directly with each other. They could be coworkers who are in different units, regions, or time zones, which makes it hard for them to communicate. More →