December 20, 2017

Companies must reveal gender pay gaps or face unlimited fines

Businesses failing to comply with gender pay gap reporting regulations could face unlimited fines and convictions, the Equality and Human Rights Commission has warned as it published its enforcement strategy. As the regulatory body responsible for ensuring that all employers with over 250 employees report their gender pay gap statistics, the Commission has set out its enforcement policy for consultation. Although it will take steps to encourage compliance and engage informally with employers who are in breach of the regulations as a first port of call, it will ultimately enforce against all employers who do not publish their gender pay gap information. The Commission’s policy – which is open for consultation from today until 2 February 2018 – explains how the Commission will use a range of its powers.

December 19, 2017

City of London on track for record levels of office investment

by Neil Franklin • Cities, News, Property

The City of London is defying the doomsday Brexit scenario and on track to reach record levels of office investment in 2017, as Savills anticipates total turnover will hit £12.5 billion – subject to a number of deals currently under offer exchanging or completing before 31st December. This sees total transactions in 2017 doubling the 10-year average (£6.259 billion), in line with the all-time record volume seen in 2014 (£12.6 billion). The real estate advisor suggests the West End market will see £7.155 billion transacted in 2017 bringing total turnover in central London for the year £19.6 billion. Savills says that the weakness of sterling since the EU referendum has boosted the city’s attractions to overseas capital. This has happened in tandem with a return of UK buyers to the London market. Figures from the firm show office take-up in the City and West End are both above the long-term average while more than a third of the city’s developments are pre-let.

December 19, 2017

New research claims people are more comfortable discussing sex than mental health at work

by Mark Eltringham • News, Wellbeing

A new study from mental health campaigners Time to Change claims that British workers would rather talk to their colleagues about relationship issues, money problems and sex than broach the topic of mental health. The survey of 2,000 people suggests mental health remains one of the last taboos in the workplace, showing that, despite progress, there is still a lot more work to do in 2018 to combat the stigma. One in four of us will experience a mental health problem in any given year and yet Time to Change says these figures show that when it comes to employment the vast majority of people still feel unable to speak openly about their mental health with their line managers and even their close colleagues.

December 19, 2017

Employers want to grow workforce next year, but concerned about Brexit impact

by Sara Bean • Flexible working, Legal news, News, Workplace

Just over half (51 percent) of firms across the UK will grow their workforce in the year ahead, with confidence highest amongst small and mid-sized firms (58 percent) according to the latest CBI/Pertemps Network Group Employment Trends Survey. But the survey warns that delivering further jobs growth depends on businesses being confident they can remain competitive if they choose to base staff in the UK. Nearly two thirds (63 percent) currently believe that changes in the UK labour market will contribute to Britain becoming a less attractive place to invest and do business over the next five years – up from 50 percent last year and 25 percent in 2015. Skills gaps were the single most prominent worry facing firms, with nearly four in five (79 percent) respondents highlighting this as a worry – up from 64 percent in 2016. Access to overseas workers is a big contributor to this, with nearly half of respondents (49 percent) identifying uncertain access to labour supply – up from 35 percent in 2016 as a concern.

December 18, 2017

Productivity plummets as majority of staff now concentrate on Christmas

by Sara Bean • Flexible working, News, Workplace

Productivity plummets from today as over half of staff prepare for Christmas Over half of the workforce (57 percent) of employees admit to officially downing tools today (Monday 18 December) as the festive period gets well and truly underway, claims new research by Peakon. The HR analytics firm’s survey of more than 2,000 people reveals that, as Christmas creeps ever closer, employees admit to a whole raft of distractions from their everyday work duties. Two in five people (42 percent) confess to clocking off to Christmas shop online, a third (35 percent) say they’re planning Christmas day and almost one in three (30 percent) are planning their Christmas break instead. One in six (16 percent) confess to indulging in the odd Christmas tipple on the job – with men twice as likely to take advantage of a festive drink than women (22 percent and 11 percent respectively). 17 percent of those surveyed leave work earlier than usual, and one in 10 (12 percent) take longer lunches. A small percentage (4 percent) confess to calling in sick. But offering staff more flexible hours for shopping and Christmas prep would help maintain performance.

December 14, 2017

The power of cities continues to shift east as Asia set to outstrip Europe and North America by 2035

by Mark Eltringham • Cities, News

A new report from Oxford Economics suggests although New York, Tokyo, London and LA will stay as the world’s major urban superpowers in the near future, China’s cities’ GDP will double in the coming two decades while Shanghai (pictured) and Beijing have already outstripped Paris in terms of economic activity. The 780 global urban centres covered in the report account for well over half of all worldwide economic activity, are home to a third of the world’s population and will be home to an extra 500 million people by 2035. In just over a decade the combined economic activity of Asian cities will exceed those in Europe and North America. Some smaller European cities will fall out of the top 100 cities worldwide, including several capitals. These are Amsterdam, Brussels, Copenhagen and Vienna as well as Barcelona, Frankfurt and Hamburg.

December 14, 2017

One in three UK workers unhappy at work and a quarter plan career change

by Sara Bean • Flexible working, News, Wellbeing, Workplace

The majority (72 percent) of employees in the UK go to work just to afford to live rather than for job satisfaction and one in four are considering a career change in 2018, claims a new survey. According to research conducted by Paymentsense, over half of those questioned say money is their biggest motivation, 67 percent say their degree went to waste and they work in an unrelated role, and 25 percent are considering a whole career change in 2018. According to the 2,000 UK participants in the survey, a career peak occurs at 42 years old, which is when you start to lose passion for your work. At this age, opportunities to progress seem to be rare which is why when asking those in their 40’s ‘why do you go to work every day’? 76 percent say to be able to afford to live. 51 percent say they need to just pay the mortgage and 57 percent have responsibilities to support the family.

December 14, 2017

Soft skills are vital for organisational success, say business leaders

by Mark Eltringham • News, Workplace

A majority of business leaders see a positive impact on revenues following soft skills training investment as Apprenticeship Levy gathers pace, new research claims. Almost two-thirds (60 percent) of senior decision-makers said training employees in communication, leadership and sales skills leads to business growth. The findings suggest the new government-funded apprenticeship schemes introduced in April will improve companies’ bottom-lines, with 63 percent of respondents already seeing an increase in revenue from an investment in staff training. ‘Hard’ skills such as technical abilities were more of a focus under old apprenticeship schemes, but the data reveals business leaders want to invest in less quantifiable skills such as communication, leadership and customer service since the introduction of the Apprenticeship Levy.

December 13, 2017

Returnship programmes offer parents route back into work, yet only 4 percent of employers offer them

by Mark Eltringham • Flexible working, News, Workplace

A totaljobs study of 2,600 jobseekers and nearly 100 employers claims that while a ‘returnship’ initiative can offer a valuable route back into the workforce for anyone taking a break in their career, their success is hindered by a lack of awareness, rather than a lack of interest. The study found that 85 percent of employers are not aware of returnship programmes despite the fact that two thirds of recruiters believe they would offer returnships if they were incentivised by the government and 72 percent of employees would consider a returnship programme if they’d taken a break from the workforce.

December 13, 2017

Third of workers say office culture deters them from taking proper breaks

by Sara Bean • News

A prevailing culture against taking time away from work leaves workers in a third (33 percent) of offices reluctant to take a proper break, claims a new survey. The research, conducted by One Poll on behalf of Nestlé Professional, claims that 13 percent of office workers failed to take any sort of break during an average working day and 19 percent only took time out for lunch. Despite this however, 97 percent of office workers say taking time out of the working day to have a break would make them feel more positive about their work or more organised in the way they work. Meanwhile, 73 percent of respondents indicated that having a break makes them feel better able to solve problems or handle their work load more easily. The research claims that when it comes to time away from the desk, it appears that ‘10 minutes is all you need’, with more than a third of office workers (37 percent) taking breaks of between 6-10 minutes on average.

December 12, 2017

Employer bias is undermining business innovation and potential says OU

by Sara Bean • Legal news, News, Workplace

Over a quarter of senior managers hire people just like them, and this bias is still rife in some organisations, according to new market research commissioned by The Open University. The study amongst business leaders and employees finds that three in 10 (29 percent) senior managers admit they hire people just like them, and warns employers may be overlooking candidates from different social and educational backgrounds, impacting access to talent, and hindering business innovation and performance as a result. Employers place significant importance on educational attainment (86 percent), cultural fit (77 percent), tastes and leisure pursuits (65 percent), and even social background (61 percent). Considering the typical social make up of managers, this raises concerns about diversity, a key driver of innovation, and hints at a glass ceiling for those from less privileged backgrounds, with the re-enforcement of the historical class system. The issue is prevalent in both recruitment and employment, with bias creating a ‘degree premium’, particularly at entry level.

December 12, 2017

Third of applicants turn down jobs due to lack of flexible work options

by Sara Bean • Flexible working, News, Workplace

With employment at record levels and the labour market the fiercest it’s been for years, candidates have more choice about where they work than ever before. This is putting substantial pressures on companies to impress talented individuals through the entire recruitment and onboarding process if they want to keep them for the long term. But new research suggests that nearly half (45 percent) of job candidates have turned down a position because they weren’t impressed by the company during the interview process. According to the research by NGA Human Resources other common reasons for declining a position include having a better offer from another company (56 percent), lower than expected salary offer (49 percent) and finding out the role was not as originally described (44 percent). Modern job seekers are now looking for more than just a decent salary. In fact, 33 percent of candidates have declined a position because they didn’t have flexible work options, 29 percent due to the lack of a good benefits package and 27 percent because they didn’t feel they would fit in with their new colleagues.