Employers to prioritise career development, wellbeing and flexibility

Employers to prioritise career development, wellbeing and flexibility

The majority of employers (97 percent) are planning to maintain or increase how much they spend on employee benefits over the next two years, according to new research published today by the CIPD and LCP. In the latest ‘Reward management’ report, released today, 8 in 10 employers (81 percent) said they intend to spend the same amount on employee benefits over the next two years as they currently do, while 16 percent plan to increase their investment to address staff wellbeing and career development.

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New report challenges idea that productivity has no link with income

New report challenges idea that productivity has no link with income

A new IZA World of Labor report published today suggests that workers’ effort may be more responsive to wage incentives and therefore the efficiency costs of progressive labour income taxation larger than previously thought. A fundamental question in economic policy is how labour supply responds to changes in remuneration. The responsiveness of labour supply determines the size of the employment impact and efficiency loss of progressive income taxation for example. The economist Tess Stafford of the University of New South Wales, Australia, summarises a number of recent studies of independent contractors’ labour supply which confirm a key prediction of economic theory: workers work more (in fact, quite a bit more) when earnings are temporarily high.

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Generation Z are more motivated by job satisfaction than money

Generation Z are more motivated by job satisfaction than money

Generation Z more motivated by job satisfaction than moneyGeneration Z, the latest generation to enter the workforce, are more likely to be motivated by job satisfaction and working for social good than by money, a new report claims According to new research from Huawei, in partnership with Chris Brauer, Director of Innovation at Goldsmiths, University of London, based on responses from 2,000 18-25-year olds’ across the UK, also reveals that a new tribe of working professionals among Gen Z is emerging, the ‘New Working Order’. More →

Employee resistance in sharing ideas with teams undermines success

Employee resistance in sharing ideas with teams undermines success

Resistance by staff to sharing new ideas with their teams reduces success

The whole idea of the collaborative workplace is to foster creativity and communication, but new research suggests that sharing ideas with team members is still an uncomfortable prospect for employees. According to new research from Rotterdam School of Management, Erasmus University (RSM) many employees resist sharing new ideas with teams – even if it means failure. The researchers, Dirk Deichmann of RSM and Michael Jensen of the University of Michigan’s Ross School of Business, examined the innovation database of a large energy company containing 2,532 ideas submitted over 12 years. They found that employees often develop innovative ideas alone. More →

Just a quarter of workers think #MeToo has permeated workplace culture

Just a quarter of workers think #MeToo has permeated workplace culture

Just a quarter of workers think #MeToo has affected workplace cultureOne year on from #MeToo – just one in four workers agree that international media coverage has helped to improve their workplace culture, according to new research on sexual harassment from Acas. The workplace experts commissioned the study from YouGov to find out whether media reporting on #MeToo and high-profile celebrity cases have had any effect on British workplaces. Only a third (30 percent) of survey respondents believe that incidents of sexual harassment in workplaces have decreased in the last five years. More →

Workers waste too much time in poorly designed offices

Workers waste too much time in poorly designed offices

Workers waste more time in poorly designed offices

One in five UK workers has around two unproductive hours every week caused by poor or inadequate office and work environments, claims new research published today. Disruptive colleagues, no natural light, a lack of coffee and tea facilities and noisy offices are just a few factors cited in the report from Mace and its facilities management arm Mace Macro. Across the whole of the UK the average number of hours lost to unproductive workplaces is 2.4 hours a week, and using Office of National Statistics value of time data, this translates to a cost of £4bn in lost output every year to the UK economy. More →

UK on target to reach one million women working in STEM fields by 2020

UK on target to reach one million women working in STEM fields by 2020

According to new research by WISE, the campaign for gender balance in science, technology, engineering and mathematics (STEM), the UK is on track to have one million women working in core STEM roles by 2020. The research shows that there are over 900,000 women working in STEM currently and an estimated 200,000 women with STEM qualifications will reach working age within the next 2 years. The news was announced at WISE 2018 Awards presented by the Patron of WISE, HRH, The Princess Royal.

 

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Career opportunities with SMEs are growing, but graduates not convinced

Career opportunities with SMEs are growing, but graduates not convinced

Career opportunities with SMEs are growing but graduates need convincingSmall and mid-sized businesses have hired three times more people than larger businesses over the past five years and could overtake large companies by 2030, according to new analysis of the latest ONS data commissioned by Santander Business Banking. However, separate research commissioned by the bank has found that significant numbers of young people are failing to recognise the significant job opportunities that SMEs offer. Just a third (35 percent) of Generation Z and Millennials leaving full time education say they wish to work for an SME, while an even smaller proportion, just one in six (18 percent), want to work for a start-up or micro business.  More →

Organisations with supportive approach most likely to attract talent

Organisations with supportive approach most likely to attract talent

Employers must raise their offering to meet the demands of millennials, as they reach a pivotal time in their careers and demand their employers stand for a purpose. This is according to the 2018 Organisational Wellbeing & Talent Insights Report from Gallagher which finds that to have any impact with this audience, organisations must demonstrate a strong employer value proposition. This is essentially, ‘how you want to be seen’; a set of values lived by workers, driven from the top down. The best organisations match these goals by becoming ‘destination employers’ that are able to win over talent with a more supportive approach. More →

Employers urged not to think of mental health as a minority issue

Employers urged not to think of mental health as a minority issue

Employers urged not to think of mental health as a minority issue

Following the call yesterday by business leaders for the mandatory provision of mental first aiders at work, new research claims many more workers are affected by mental ill health than usual estimates. Instead of a perceived one in four people affected by mental health, according to the results of new research from Accenture, nine out of ten workers (90 percent) are touched by mental health challenges. Two-thirds (66 percent) have personally experienced mental health challenges and even more — 85 percent — say someone close to them such as a family member, close friend or colleague had experienced them. More →

Business leaders call for legislation ensuring compulsory mental first aid at work

Business leaders call for legislation ensuring compulsory mental first aid at work

Business leaders call for legislation to establish mental first aid at workBusiness leaders have called today for the Government to update health and safety legislation to protect mental health in the workplace. In an Open Letter to the Prime Minister signed by more than 50 leaders of some of Britain’s biggest employers including PwC, Royal Mail, WHSmith, Mace, Ford and Thames Water calls on the Government to prioritise its manifesto pledge to amend health and safety legislation to put mental and physical first aid on an equal footing. With mental health issues estimated to cost the UK economy almost £35 billion every year as 15.4 million working days are lost to work-related stress, depression or anxiety the letter, signed by the Chairman of Mental Health First Aid England and the CEO of Bauer Media Group, along with leaders of some of the UK’s biggest employers, are asking that workplaces are required to make provision for mental as well as physical first aid.

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What The Midwich Cuckoos can teach us about Millennials

What The Midwich Cuckoos can teach us about Millennials

Children of the damned

John Wyndham’s 1957 novel The Midwich Cuckoos is the story of a fictional English village in which, following an unexplained event that causes everybody within Midwich to fall unconscious, all of the women in the village fall pregnant and 61 children are subsequently born all at the same time. The children bear absolutely no physical resemblance to their parents, with pale skin, blond hair and piercing eyes. As they grow older it also becomes apparent that they are strange, emotionless and have a telepathic bond with each other. It’s not much of a spoiler to tell you that things don’t go well. The only rationale for what had happened to create the children in the first place is an unexplained incident of xenogenesis – the birth of offspring unlike their parents. Something similar must have happened on a global scale from the beginning of the 1980s onwards, at least based on what we are told about Millennials.

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