April 12, 2018

Poor company culture is costing the UK economy £23.6 billion per year

A new report claims that a third of people (34 percent) who leave their job, do so because of perceived poor company culture. The report, authored by breatheHR claims the associated cost of bad company culture is around £23.6 billion per year. The survey of 2,500 people analysed in The Culture Economy, also suggests that well over half of SME leaders (60 percent) consider company culture as a ‘nice to have’ in their business.This mindset has a number of knock-on effects. According to the Chartered Management Institute, effective leadership could improve Britain’s productivity by 23 percent. However, with over half (53 percent) of employees surveyed who distrust their senior management, thinking their bosses ‘didn’t appear to know what they were doing’, there is some work to be done.

April 11, 2018

Quarter of workers say job negatively affects their mental health and a third feel overworked

by Sara Bean • News, Wellbeing, Workplace

One in four workers (25 percent) feel their job negatively affects their mental health, while nearly a third (30 percent) say their workload is too high, according to a brand new report from the CIPD, the UK Working Lives survey. Although the survey found that two-thirds of workers (64 percent) were satisfied with their job overall, one in ten (11 percent) report regularly feeling miserable at work. More than a quarter (28 percent) of senior leaders say that they find it difficult to fulfil personal commitments because of their job, while over a quarter (27 percent) say that their job does not offer good opportunities to develop their skills, jumping to two in five (43 percent) among unskilled and casual workers. Focusing on the three main groups in the labour market, those at the lower levels are far less likely to have access to skills and training, those in middle management feeling significantly squeezed by their workload and those at the top find it difficult to maintain a work/life balance.

April 6, 2018

Women are happier and more engaged at work than men, despite the gender pay gap

by Sara Bean • Legal news, News, Workplace

Following the deadline for organisations to publish their gender pay this week, it came as little surprise to find that almost eight in 10 organisations pay men more than women. The debate over the reasons why will continue, but new research now claims that women remain happier and more committed at work than men, despite this disparity. Employee benefits provider Personal Group’s Gender Happiness Gap research shows that contrary to, and perhaps in spite of the fact that the Gender Pay Gap tends to favour men, happiness at work tends to fall in favour of female staff, with men much less happy in the workplace than their female counterparts. Whilst 77 percent of PAYE female employees are happy at work at least some of the time, the figure is only 66 percent for men. This means that one in three men are rarely or never happy at work. The case is similar when looking at the total workforce: 45 percent of female staff stated that they’re happy most of the time at work, versus only 38 percent of male staff. Amongst women, the 30-49-year-old age group is the unhappiest age group, which may be due to juggling family life alongside working commitments.

April 6, 2018

UK enjoys largest jump in productivity for a decade but challenges remain

by Mark Eltringham • News, Workplace

Britain’s economy enjoyed uncharacteristically solid productivity growth in the last three months of 2017 to record its strongest six months in more than a decade, new official figures show. Economic output per hour worked rose by 0.7 percent in the fourth quarter of 2017 – above its long-run average though marginally less than estimated in February – and the third-quarter figure was revised up slightly to 1.0 percent. Together they show the strongest growth since the second half of 2005. British productivity has largely stagnated over the past decade and is commonly seen as a chronic challenge. Over the past 10 years Britain’s productivity growth has been the weakest since modern records began and appears to be the slowest since the early 1820s. Overall output per hour, a driver of living standards, is only 1.8 percent above the pre-financial crisis peak it reached at the end of 2007.

April 2, 2018

Take up of shared parental leave is held back by cultural inertia

by Paul Kelly • Comment, Flexible working, Workplace

A recent report by the House of Commons’ Women and Equalities Committee, Fathers and the workplace, has brought into sharp focus the problems fathers have juggling participation in family life with their employment obligations. We are moving away from the traditional gender stereotypes of the father being the breadwinner and the mother being responsible for childcare. Today, many families have two parents in either full or part-time work, with dual income households being far more common now than just 30 years ago. The pace of technological change and the growing gig economy have both contributed significantly to this shift in working patterns. As a result, some of the UK’s laws are becoming outdated, as many laws were formulated on the assumption that it would usually be the woman within a family who would have responsibility for childcare.

April 2, 2018

Combination of factors means UK faces severe workforce crisis by 2025

by Neil Franklin • News, Workplace

New projections published in Mercer’s Workforce Monitor predict that a perfect storm of falling net migration driven by Brexit and an ageing population, will lead to a severe shortage in the UK labour market. If these challenges are not met with immediate action by UK employers, they will face significant costs trying to attract workers with the leadership and skills they need to execute their business strategies. Mercer anticipates the UK workforce will increase by just 820,000, or 2.4 percent, by 2025, a significant reduction in recent trends that have seen 9 percent workforce growth in the 10 years to 2015. For the first time in half a century, the overall population will be increasing at a faster rate than the workforce, creating long term structural challenges for the economy.

March 30, 2018

CIPD to co-chair Government’s flexible working task force

by Neil Franklin • Flexible working, News, Workplace

The CIPD has been invited to co-chair the UK Government’s new Flexible Working Task Force. The task force has been established by the Department for Business, Energy & Industrial Strategy to promote wider understanding and implementation of inclusive flexible work and working practices, bringing together policy-makers, employer groups, Unions and employee representative groups, research groups and professional bodies. More →

March 30, 2018

Employers should not write off older female workers quite so readily

by Neil Franklin • News, Wellbeing, Workplace

An ageing population and changes to the default state pension age mean employers need to better prepare for the needs of older women in the workplace, according to a study by Anglia Ruskin University published by the Chartered Institute of Personnel and Development (CIPD). With more and more women aged between 50 and 65 now employed, the research reviewed published literature to look into the experience of those workers and how their needs might change in the future.

March 29, 2018

Stress and mental health growing priority at board level but bosses struggle to support staff

by Sara Bean • News, Wellbeing, Workplace

Two new reports published today reflect increasing concerns about stress and mental ill health at work and a lack of understanding by many organisations in how to combat the problem. A new study by Bupa claims that mental health is now a priority at board level for almost two-thirds (65 percent) of businesses, rising to 72 percent among large corporates, while mental health is now a bigger issue than physical illness among employees for nearly a third (29 percent) of businesses. Yet while an overwhelming majority (96 percent) of businesses want to help support their people, many (57 percent) do not know how to best support employees with these challenges. Two in five (39 percent) admit that awareness and understanding of mental health issues is still low across their organisation. These findings are echoed in a report carried out by Perkbox that claims work is by far the most common cause of stress (59 percent). Yet almost one in two (45 percent) of British businesses do not offer anything to help alleviate this, despite the fact that 1 in 4 (25 percent) struggle to be as productive at work when stressed.

March 28, 2018

Call for more internship opportunities to help employers close skills gap

by Sara Bean • News, Technology, Workplace

It should come as little surprise that graduates who have undertaken an internship are more likely to have honed the skills businesses needs, one of the main findings of the Institute of Student Employers (ISE) annual Development Survey, which launches today (28 March 2018) at the ISE Student Development Conference. The report found that 63 percent of employers believed graduates who had undertaken work experience had the required soft skills, yet less than half (48 percent) thought this of graduates in general. According to the report the five most common graduate skills gaps are; managing up (5 percent of employers believed graduates had this skill); dealing with conflict (12 percent); negotiating/influencing (17 percent); commercial awareness (23 percent and resilience (31 percent). This is why closing skills gaps is a priority for businesses with 74 percent of employers taking specific actions to tackle the issue in 2017. Changes to recruitment and on-the-job training were the most common actions and 16 percent of organisations improved their internship development programmes specifically to close skills gaps.

March 28, 2018

Poor numeracy thought to account for an estimated £3.2 billion annual cost to businesses

by Sara Bean • News, Workplace

Almost one in two working age adults currently lack numeracy skills and this skills gap is estimated to cost businesses £3.2bn annually, with a cost to the UK economy of up to £20.2billiona year. This is why charity National Numeracy has joined together with founder supporter, KPMG, to establish the first ever UK National Numeracy Day – created to drive a change in recognition of the importance of numbers, as well as improve employee careers. The day, which takes place on the 16th May will be designed to celebrate numbers, and aims to help individuals to check their numeracy levels, and provide free tools to support improvement amongst those who could benefit. Businesses are being called on to get involved in a variety of ways; from becoming an official supporter, to encouraging employees, suppliers and the local community to check their numeracy levels using the free online numeracy assessment tool.

March 27, 2018

Ageing population and low fertility rate is leading to European labour force shortage

by Sara Bean • News, Workplace

Europe faces an increasing labour force shortage, which means that between 2017 and 2025, 184 out of 263 metropolitan areas from the EU-28 will record a negative growth rate in their working age population. According to a recent analysis by GlobalData this is due to a combination of lower fertility rates across most European Union (EU) countries, which is causing a reduction the growth rates of the youth population, while increased life expectancy is leading to a steady rise in the growth of the elderly population. But according to Ramnivas Mundada, Economic Research Analyst at GlobalData, ‘‘Measures such as increasing the levels of post-retirement employment opportunities, offering more support for women returning to the workplace and investing in youth employment, education and training could help to mitigate the impact of these demographic changes over the long term.’’