Global talent crunch will include UK workforce deficit of nearly 3 million employees by 2030

Global talent crunch will include UK workforce deficit of nearly 3 million employees by 2030

A shortage of skilled employees will continue to impede growth and if not addressed, could have a significant impact on major global economies by 2030, claims a new study. Korn Ferry’s Global Talent Crunch study estimated the gap between future talent supply and demand in 20 major economies at three milestones: 2020, 2025 and 2030, and across three sectors: financial and business services; technology, media and telecommunications (TMT); and manufacturing and found that a talent deficit issue could threaten economies and sectors across Europe. Germany could experience the largest deficit of 4.9 million workers and could lose out on $629.89 billion of annual revenue by 2030 if labour shortages are not addressed – equivalent to 14 percent of its economy.

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Presenteeism hits record high in UK organisations, linked with stress and depression

Presenteeism hits record high in UK organisations, linked with stress and depression

Presenteeism, defined as people coming into work when they are ill, has more than tripled since 2010, according to the latest CIPD / Simplyhealth Health and Wellbeing at Work report.  According to the study, 86 percent of over 1,000 respondents to the 2018 survey said they had observed presenteeism in their organisation over the last 12 months, compared with 72 percent in 2016 and just 26 percent in 2010. The survey also found that ‘leaveism’, such as people using annual leave to work, is also a growing problem. More than two-thirds of respondents (69 percent) reported that leaveism has occurred in their organisation over the last year.

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Quarter of UK managers would take a pay cut for a job with a clear purpose beyond profit

Quarter of UK managers would take a pay cut for a job with a clear purpose beyond profit

Quarter of UK managers would take a pay cut for job with purpose beyond profitMore than a quarter of managers (27 percent) in British companies would likely accept a salary cut to work for a company that has a clear purpose beyond profit a new report claims.  A third (32 percent) would actually consider leaving their job if a greater purpose was unclear, while more than half (53 percent) would if their company’s values and purpose didn’t align with their own. The YouGov survey, commissioned by Danone UK, highlights the importance of having a defined company purpose that marries commercial success with social progress.  The findings support a new report by not-for-profit think tank Tomorrow’s Company and Danone UK, that explores the importance of having a purpose beyond profit in helping companies to prosper in the face of workplace challenges created by an uncertain world. The Courage of their Convictions is built from interviews with senior leaders from within some of the UK’s biggest purpose-driven brands, including Danone, John Lewis, Mars, Philips, Tata Consultancy Services and Unilever.

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Occupational health services can benefit organisations and booster economy says report

Occupational health services can benefit organisations and booster economy says report

Occupational health services can benefit organisations and booster economy says reportIt can be proven that a well implemented Occupational Health service can offer a good return on investment, finds a new report. A white paper, produced by the Society of Occupational Medicine (SOM), the International SOS Foundation and KU Leuven University, “Occupational Health: the Global Value and Evidence”, discusses the value of OH from a global perspective and provides a synthesis of global evidence on the effectiveness of OH interventions and cost effectiveness. With fatal and non-fatal work-related injuries and illnesses worldwide equating to a cost of approximately €2680 billion, equivalent to 4 percent of the global GDP or the entire GDP of Great Britain organisations, their workforce, and society have to bear a substantial cost. The paper demonstrates that Occupational Health services bring value by improving the health of the working population; contributing to the prevention of work-related illnesses; preventing avoidable sickness absence through the provision of early interventions for those who develop a health condition; and increasing the efficiency and productivity of organisations. They can also play a major part in protecting and revitalising the global economy.

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IFMA finally announces plans for new facilities management chapter in United Kingdom

IFMA finally announces plans for new facilities management chapter in United Kingdom

The International Facility Management Association (IFMA) has approved a petition for the formation of a regional chapter within the United Kingdom. Talks about the chapter have been ongoing for some time. The people behind the creation of the new chapter claim it will offer facilities management (FM) professionals ‘direct localised support that taps into the global industry in ways not currently available in the UK market’. The formation of the chapter, which joins 136 IFMA chapters across more than 100 countries, comes at a time when IFMA, through its collaboration with the Royal Institution of Chartered Surveyors (RICS), is driving formation of practice standards via the International Organization for Standardization and working to more tightly integrate FM with the larger built environment industry. Details of the collaboration can be found at define.fm.

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Number of working mothers rise by a half in under forty years, claims study

Number of working mothers rise by a half in under forty years, claims study

The past four decades have seen a transformation of the UK’s jobs market and society marked in particular by a decline of the traditional single-earner couple driven mostly by the mothers of young children and partners of higher-earning men. More than three quarters of women aged 25-54 in the UK are in paid work, reaching a record high of 78 percent in 2017. In contrast, fewer than 60 percent were in paid work in the mid-1970s. New analysis by IFS researchers, funded by the Economic and Social Research Council (ESRC), looks at changes in women’s working patterns over the last four decades. It claims that these big social and economic changes are in large part driven by working mothers. In the mid-1970s nearly half of couples with dependent children had just one adult in paid work; that proportion now stands at just 27 percent. The increase in maternal employment has been concentrated among those with children of pre-school or primary-school age, and also among the partners of relatively high-earning men.

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Majority of US workers still prefer to work from an office

Majority of US workers still prefer to work from an office

According to data from the quarterly Randstad Workmonitor survey,, although 82 percent of U.S. workers surveyed say the ability to work from anywhere at any time allows them to maintain a healthy work-life balance, more than half (62 percent) still prefer to work in the office — and this number is even higher among young workers. Sixty-five percent of those aged 18-24 said they prefer working in a traditional office environment, challenging the widespread perception that millennial and Gen Z workers tend to prefer digital interactions over personal ones.

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Commercial property lending surged in the second half of 2017

Commercial property lending surged in the second half of 2017

facilities managementCommercial property lending in the UK surged at the end of last year, according to the latest figures from Cass Business School. New commercial property lending overall reached £44.5bn for the whole year, equalling figures for the previous year. Commercial lending had dropped by 24 per cent in the first half of the year, however, the second half of 2017 was much busier, adding another £26.8bn in new lending. The total value of loan books identified by the CASS research increased by four per cent to £199bn by the end of the year, including both drawn and undrawn amounts. The research from Cass showed that non-bank lenders were actually the most active group, increasing their market share of new loans to 14 per cent from 10 per cent a year earlier. In total, they wrote £6bn of new loans of which 60 per cent was sourced from insurance and pension funds

Faced with era of AI, employers focus on skills and employees crave jobs with purpose

Faced with era of AI, employers focus on skills and employees crave jobs with purpose

According to Mercer’s 2018 Global Talent Trends Study – Unlocking Growth in the Human Age, 96 percent of UK companies have innovation on their core agenda this year and 92 percent are planning organisation design changes. At the same time, employees are seeking control of their personal and professional lives, with more than half asking for more flexible work options. As the ability to change becomes a key differentiator for success in a competitive global climate, the challenge for organisations is to bring their people along on the journey, especially as the top ask from employees is for leaders who set clear direction, claims the report.

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Employers not properly supporting older workers with health conditions

Employers not properly supporting older workers with health conditions

Employers not properly supporting older workers with health conditionsOne in four working people aged 55+ with a health condition are considering leaving work as a negative culture and bureaucratic procedures put many off speaking to their employers until a crisis point. This is according to a new report from Ageing Better, ‘Health warning for employers: supporting older workers with health conditions’, which claims that employers are not properly supporting older workers experiencing long-term physical and mental health conditions. Health is the most important factor affecting older workers’ decisions to stop working before reaching State Pension age. Ageing Better’s research finds that early access to support, small adjustments to the workplace and working patterns, and empathetic management are crucial to enabling people to manage their health at work and remain in employment. But the research also found that workers are often put off speaking to employers until the last moment due to poor workplace culture and overly bureaucratic procedures.

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Majority of staff say managers don’t care if they’re happy, even if it impacts performance

Majority of staff say managers don’t care if they’re happy, even if it impacts performance

Majority of staff say managers don’t care if they’re happy, even if it impacts performance

It probably comes as no surprise to learn that people work better if they’re happy, but according to a new survey over three quarters (79 percent) of workers believe their boss doesn’t care whether or not they are happy at work, even if being happier helps improve their performance.  The 2018 Happiness Survey from One4all asked employees from different age groups, genders and industries about the impact their happiness at work has on their productivity, and found that 39 percent of workers will work harder if they are happy in their current role or place of work. It suggests that happiness amongst workers goes a long way: almost a third (30 percent) of workers said they would even be more willing to work overtime or for longer when they are happy. The data also revealed that 38 percent of workers say their happiness impacts their performance at work, which means employee productivity and results also see a positive effect from a happy workforce.

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UK workers suffer a mid-life work crisis, with engagement levels dipping significantly at 45

UK workers suffer a mid-life work crisis, with engagement levels dipping significantly at 45

UK workers suffer a mid-life work crisis, with engagement levels dipping significantly at 45

A new survey has suggested a correlation between age and engagement levels, with those aged 45 to 54 the most likely to say their manager is not an engaged employee (41 percent), and that they are not an engaged employee (47 percent). In fact, almost two in five (36 percent) British employees think their manager is disengaged at work, according to new research from Rungway. The survey of 2,000 UK people defined an engaged employee as ‘someone who is fully absorbed by and is enthusiastic about their work, and so takes positive action to further the organisation’s interests.’ The findings also suggest managers’ disengagement may impact on employee engagement levels more broadly, with 40 percent of survey respondents saying they themselves are not an engaged employee. Those over 65 were found to be the most engaged at work (76 percent), followed by those aged 25 to 34 (69 percent) and 18 to 24-years-old (64 percent).

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