Millennial women predicted to earn less than male counterparts over their careers

Millennial women predicted to earn less than male counterparts over their careers 0

Millennial women predicted to earn less than male counterparts over their careers

It has been suggested before that the gender pay gap is a reflection of what happens to women when they become parents – and a new piece of research backs up this theory by revealing an enduring pay penalty associated with having children; which, unless tackled this will mean that current and future generations of working women will continue to face a significant life earnings penalty. According to a new analysis published today (Wednesday) by the Resolution Foundation as part of its Intergenerational Commission, while the gender pay gap for millennials in their 20s has halved in a generation to just 5 percent, much of that progress looks set to be undone with early signs showing that the gender pay gap continues to escalate as women enter their 30s and 40s. This suggests that millennial women will still earn significantly less than their male counterparts over their careers.

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Government plans to tackle gender pay gap oversimplify the issue, say experts

Government plans to tackle gender pay gap oversimplify the issue, say experts 0

Government plans to tackle gender pay gap over-simplifies the issue say expertsCompanies with 250 or more employees will soon be required to give overall statistics about levels of pay for each gender. But experts say real change will only come about if employers were required to present this data in a more expansive way, accompanied by a reflective report explaining any gender pay gap alongside an action plan of how they intend to close them. Unless this happens, the new regulations requiring companies to report pay gaps between men and women are potentially “superficial” and will not necessarily tackle the complex reasons why females still have lower salaries on average, new research shows. Employers told researchers from the University of Exeter, University of Bath and Cardiff University that the Government’s proposals would over-simplify issues, just advertise pay rates without giving context and may not benefit all female staff. The study has been undertaken as part of a research collaboration facilitated by the GW4 Alliance, which brings together four of the most research-intensive and innovative universities in the UK; the universities of Bath, Bristol, Cardiff and Exeter.

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Millennials more tuned-in to discrimination at work than other generations

Millennials more tuned-in to discrimination at work than other generations 0

Millennials have widely divergent experiences and attitudes toward diversity and inclusion within the workplace than older generations, claims a new US-based report. In the research from the Institute for Public Relations (IPR) and Weber Shandwick into the importance that people place on diversity and inclusion (D&I) when considering a new job found that 47 percent of Millennials consider it an important criterion in their job search compared to 33 percent of Gen Xers and 37 percent of Boomers. Nearly six in 10 of all employed Americans (58 percent) report that they see or hear about some form of discrimination and/or bias at their workplace, most frequently racial or ethnic in nature (22 percent). Millennials are significantly more likely than older generations to be attuned to such behaviour at work, and also much more comfortable discussing these issues at work than their older colleagues. The survey also asked respondents why they believe employers emphasise diversity and inclusion in the workplace. All three generations cited “To make it a better place to work” among their top three reasons. Millennials also recognize increased opportunities while reputational benefits and outside pressures are noticed by Gen Xers and Boomers.

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KPMG first UK firm to publish socio-economic make-up and diversity of staff

KPMG first UK firm to publish socio-economic make-up and diversity of staff 0

KPMG first UK firm to publish socio-economic profile of staffThe first business in the UK has published detailed workforce data outlining the socio-economic make-up of the firm as a way of understanding its workforce diversity. KPMG has published data, which measures employees’ parental occupation and education and the type of school employees attended along with graduate and school leaver socio-economic data from the past three years. It reveals that the vast majority of the workforce – 74 percent of respondents – received a state school education: 60 percent attended a non-selective state school and 14 percent attended a selective state school, with 23 percent receiving private education.  Additional detail on parental education shows that 48 percent have a parent or guardian with a university degree, while 43 percent do not. On parental occupation, 58 percent have parents in a higher managerial, administrative and professional occupation, 16 percent have parents employed in a manual occupation and 11 percent have parents in intermediate occupations. KPMG is the first business in the UK to share details of the parental occupation of its workforce, which is recognised by social mobility experts as a strong indicator of socio-economic background.

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Lack of free childcare dissuades workers from shared parental leave

Lack of free childcare dissuades workers from shared parental leave 0

parental-leaveJust 5 percent of new fathers and 8 percent of new mothers have opted for Shared Parental Leave (SPL) since its introduction in April 2015 a new report claims. Just one organisation in five (21 percent) said they had received requests from male employees to take up SPL since April 2015 and in two-thirds (67 percent) of organisations with mothers eligible for SPL, none have opted in. This low take-up of (SPL) and the lack of affordable childcare options for parents with 0-2 year-olds are both major problems that need to be addressed to support working parents more effectively, according to ‘Labour Market Outlook: Focus on Working Parents’ from the CIPD. The survey of over 1,000 HR professionals also suggests that the lack of free childcare for 0-2 year-olds could be having a negative impact on women returning to work after maternity leave.

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Half of UK firms will hold Christmas parties but just a fifth offer bonuses or extra time off

Half of UK firms will hold Christmas parties but just a fifth offer bonuses or extra time off 0

Office Christmas party will go ahead but not bonuses or extra time off

We’re entering the office party season now so it’s time for the usual flurry of Christmas related research. We kick off the season with this from XpertHR which claims that the majority of companies it has polled will host company-wide parties (50.8 percent) or departmental Christmas lunches (47.2 percent), but there will be fewer Christmas gifts, bonuses awarded or additional time off for employees this year. Employers plan to spend an average of £93.33 and a median of £50 per employee on their Christmas celebrations – a figure which hasn’t changed significantly since the last time XpertHR conducted this survey in 2012/13, when the median spend was £42.82. However, fewer than one in five organisations (17.9 percent) will be offering employee gifts this year compared to 21.1 percent in 2012/2013 and just 18 employers will award Christmas bonuses, with no increases planned compared with last year.

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Business as usual for recruitment and retention in post-Brexit Britain … for now

Business as usual for recruitment and retention in post-Brexit Britain … for now 0

BrexitOn 24 June 2016 Britain voted for Brexit. The shock (and narrow) victory caused country-wide concern among the 48 percent of the voting public that favoured remain – apprehension seemingly justified by the immediate weakening of the pound, Cameron’s resignation and the start of ongoing political in-fighting. Speculation over job losses and potential hiring freezes added to a general sense of uncertainty, leaving some UK workers fearing their job security. Since then however, recruitment experts have somewhat softened their predictions for the UK job market as recent reports of month-on-month vacancy growth and record high employment rates have served to inspire confidence.  Five months on, how has job applicant sentiment changed in the UK since the EU referendum vote? And what does this mean for businesses hiring in post-Brexit vote Britain? As part of our ongoing tracking of candidate confidence levels in the job market and their career prospects we analysed the responses of almost 28,000 job applicants across the UK and Republic of Ireland – from all ages, experiences and sector disciplines – to gauge how perspectives might have changed pre- and post-Brexit.

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Leading companies around the world show support for LGBT workplace equality

Leading companies around the world show support for LGBT workplace equality 0

Leading companies around the world show support for LGBT workplace equalityRecord number of major companies and law firms are advancing vital policies and practices to protect lesbian, gay, bisexual, transgender and queer (LGBTQ) workers around the world. This is according to the 2017 Corporate Equality Index released by the Human Rights Campaign (HRC) Foundation, the educational arm of the US’ largest LGBTQ civil rights organization. This year, a record-breaking 517 businesses earned the CEI’s top score of 100, up from 407 last year. That’s a single-year increase of more than 25 percent — the largest jump in the 15-year history of the United State’s premiere benchmarking tool for LGBT workplace equality. Leadership demonstrated by these businesses, reflect more than a decade of work inside these companies to expand LGBT, and particularly transgender, workplace equality. The Corporate Equality Index (CEI), launched in 2002 to assess LGBT-inclusive policies and practices at Fortune 500 companies, also highlights how corporate leaders are increasingly stepping up to play a leading role in opposing anti-equality legislation. Through their actions, taken as LGBTQ workers and customers have been facing a record number of anti-LGBTQ bills in state legislatures across the US, business leaders are building on their longstanding commitment to expanding workplace equality for LGBTQ people.

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The strange future of work + New edition of Work&Place + Workplace irritations 0

Sky's new HQ featured in current issue of Work&Place

In this week’s Newsletter; Mark Eltringham dissects the current obsession with engagement and motivation; and from the Winter 2016 issue of Work&Place which is now available to view online; discusses the future of work and place in the 21st century. We discover why creativity in the workplace is a prime engagement tool; that 85 percent of employers believe workplace automation will create more jobs than it will replace; however, in the now, technology issues cause the most lost time for SMEs. One in three lawyers would not feel comfortable even beginning the conversation about flexible working with their employer; a fifth of employees are distressed by political discussions in the workplace and employers urged to develop strategies to help retain older 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.

Rigid attitudes to flexible working prevents lawyers raising it with employers

Rigid attitudes to flexible working prevents lawyers raising it with employers 0

Rigid approch to flexible workingFlexible working may be gaining ground across the professions but it remains so rare in the legal industry that more than one in three (35 percent) lawyers say they would not feel comfortable even beginning the conversation about flexible working with their employer. The reason for this, suggests new research from My Family Care and recruiters Hydrogen, is down to a rigid culture which encourages working anti-social hours; as almost a third (29 percent) of the 140 of lawyers asked, saying that the majority of their colleagues think that people who work flexibly are simply “having an easy life.”  Yet despite this, over two thirds (67 percent) would rather choose flexible working over a 5 percent salary increase.  The research also found a large gender divide when it comes to flexible working.  While significantly more female lawyers work part time (34 percent of women compared with 10 percent of men), female lawyers say they work considerably more than their contracted hours: 35 percent compared to just 28 percent of males.

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Autumn Statement could undermine the growth of London’s tech firms 0

london-tech-firmsChanges in business rates announced in yesterday’s Autumn Statement are likely to hit hardest the areas in the Capital such as Shoreditch and Fitzrovia where innovative tech companies are located, commented Jon Neale, head of UK Research, JLL. “The impact will no doubt undermine government plans to boost tech investment under its ‘Industrial Strategy’ announced earlier this week,” he said. “Meanwhile, office costs are high in London and post Brexit we need to minimise the risk that companies, will see cheaper continental cities such as Berlin as better bet place to set up shop.” He did add however that the promised “£1.3bn to improve roads and ease congestion is welcome and is likely to unlock development sites and promote economic development in many parts of the country. If the UK is to really address the challenges and opportunities of Brexit, investment in infrastructure needs to be more ambitious as well as more focused on an increasingly digital, hi-tech future. Green and smart city technology, new tram and underground networks and truly high-speed broadband would help provide precisely the platform UK business needs.”

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Vast majority of UK employers are against a ‘hard Brexit’ finds CIPD

Vast majority of UK employers are against a ‘hard Brexit’ finds CIPD 0

Vast majority of UK employers are against a 'hard' Brexit' finds CIPD

The implications of Brexit are raising concerns over a reduction in employers’ intentions to invest in their staff and its effects on access to migrant labour. As a result, according to the latest quarterly CIPD/Adecco Group Labour Market Outlook, while employment growth looks set to continue in the UK, there are signs that this is beginning to slow and that real wages are likely to fall during 2017 for many employees. The data shows that the net employment balance, while remaining in positive territory at +22, based on the difference between the share of employers expanding their workforce and the share of employers reducing their workforce, has shown a slight negative decline from the previous quarter’s figure of +27. Although 42 percent of employers believe that future restrictions on EU labour could damage their UK operations, just 15 percent have started to prepare for this eventuality; which is probably why the vast majority are against a ‘hard Brexit’.

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