Three quarters of people expect to work beyond the age of 65, claims report

Three quarters of people expect to work beyond the age of 65, claims report 0

by • News, Wellbeing, Workplace

For all the talk about the growing number of Millennials at work, most of the interesting stuff about workplace demographics appears to be happening at the other end of the age scale. A record number of employees now expect to work past the official retirement age and many expect to work up to the age of 85, according to a new study by Canada Life. It claims that 73 percent of UK employees will work past the age of 65, up from 67 percent in 2016 and 61 percent in 2015. More than a third (37 percent) of these could be older than 70 before they retire and 10 percent expect to be at least the age of 85 when they retire, if they can retire at all. Younger workers are particularly likely to expect to work past the age of 65, rising to more than four in five (84 percent) of 25-34 year olds. Many expect to be unable to afford to retire but a growing number will continue to work because they want to.

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CIPD calls for range of measures for British workforce ahead of General Election

CIPD calls for range of measures for British workforce ahead of General Election 0

by • Flexible working, Legal news, News, Workplace

The next Government needs to put ‘good work’ at the heart of its thinking in order to improve the economy, boost individual welfare and prosperity – creating the conditions for good work in organisations across the country, says the CIPD ahead of the General Election. In its ‘Manifesto for Work’ the CIPD is calling for publication of pay ratios, additional rights for zero-hours workers and increased investment in adult skills. The manifesto’s package of aim to address the systemic problems in the UK economy by focusing on the positive influence the world of work can have on productivity and wellbeing. As well as an overhaul of the UK Corporate Governance Code, the CIPD is also calling on the next Government to protect and raise awareness of employment rights, make skills the centerpiece of their industrial strategy and take steps to improve gender diversity in the boardroom. It also calls for organisations to focus more on greater organisational transparency so that businesses are more accountable for incorporating the principles of good work across their organisations.

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Two fifths of UK workers feel burnt out, but 35 to 44 year-olds lose most sleep

Two fifths of UK workers feel burnt out, but 35 to 44 year-olds lose most sleep 0

by • News, Wellbeing, Workplace

Two-fifths (40 percent) of UK workers have suffered high workloads or felt burnt out during the past 12 months a new survey claims and six million people in the country are losing sleep over work issues on a weekly basis – more than the entire population of Scotland. According to research from Rungway, men have faced fewer issues at work than women, with over two-fifths (42 percent) of women enduring high workloads or feeling burnt out compared to 38 percent of men. Among age groups, 25 to 34-year-olds are the most worried about work, with more than a quarter (28 percent) saying work issues affect their sleep every week. Yet, it is the 35 to 44-year-olds who are facing the most problems at work. More than half (57 percent) of 35 to 44-year-olds have felt burnt out or had to deal with high workloads in the past 12 months. By contrast, employees over 55 have the most peaceful nights’ sleep, with only one in 10 saying that worries about work affect their sleep on a weekly basis. Still, in the past 12 months more than a fifth (21 percent) of this group have still faced high workloads or felt burnt out.

 

Wellbeing strategies more commonplace in UK, but employees aren’t benefitting

Wellbeing strategies more commonplace in UK, but employees aren’t benefitting 0

by • News, Wellbeing

A new study from consultancy Barnett Waddingham based on the firm’s UK Workplace Wellbeing Index claims that despite wellbeing strategies becoming more common practice in UK companies, the benefits are not yet reaching employees. According to the report, nearly three quarters of firms who responded to the study claim they already have introduced a strategy or are in the process of implementing one. However, 60 percent of participating organisations report their employee wellbeing as between moderate and very low. According to the study organisations need to ask themselves if they are providing the benefits and interventions that are most effective for their employees. The research shows that the top five widely offered benefits (rated by effectiveness) are flexible working or home working, carer support, health assessments, line manager training and cancer screening. However, those most commonly utilised are flexible working, line manager training, carer support, home working and occupational health.

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Employers struggling to fill vacancies as Brexit impacts on candidate availability

Employers struggling to fill vacancies as Brexit impacts on candidate availability 0

by • Legal news, News, Workplace

If UK businesses are to remain competitive whoever wins the election on 8 June needs to invest in skills and career advice, as Brexit uncertainty means people are hesitating to move jobs, while there may be barriers in future to hiring workers from abroad; according to the latest research into the UK jobs market by the Recruitment & Employment Confederation (REC). The jobs market experienced the steepest drop in candidate availability for 16 months in April while demand for permanent and short-term staff remained high. Although growth in permanent starting salaries edged down to a four-month low in April, it remained sharp overall and stronger than the series average. Meanwhile, hourly pay rates for short-term staff increased at the sharpest pace in 2017 so far. Vacancies continued to rise markedly in April for both permanent and temporary/contract staff. This was despite growth in demand for both types of staff softening slightly since the previous month.

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People in the gig economy need autonomy and good work too, argues RSA

People in the gig economy need autonomy and good work too, argues RSA 0

by • Flexible working, News

Gig economy workers should be given more power to hold companies to account under the law as a first step to making the new er of work fit for the future, according to a new report and survey published by the RSA. Good Gigs: A fairer future for the UK’s gig economy recommends the burden of proof be shifted to companies to prove gig workers are not employees, and that penalties should be strengthened against companies who use clauses that prohibit employment status litigation. As part of the project, the RSA undertook the largest ever survey on Britain’s gig economy, which reveals that there are currently 1.1 million people working in Britain’s gig economy, making it almost as big as NHS England.

 

 

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Number of CEOs with technical background grows to meet demands of digital economy

Number of CEOs with technical background grows to meet demands of digital economy 0

by • News, Technology, Workplace

Growth of the digital economy

The number of CEOs from a financial background is falling as firms put more sway into technology skills, a new report claims. The annual Robert Half FTSE 100 CEO Tracker shows that in the last four years the number of CEOs with a technology background trebled as businesses prepare to compete in an increasingly digital economy. In 2014, only three CEOs had a background in technology while today this number has increased to 11. There is a also a generational shift occurring in the FTSE 100, with just eight CEOs under the age of 50 on the FTSE 100, a quarter less than in 2010 when there were 33 CEOs under the age of 50. The typical age of a CEO is 55 years old and the average tenure is five years and two months. While a majority of CEOs still have a background in finance, this figure has fallen to 43 percent from 55 percent last year and the lowest level in three years. Of those CEOs with a financial background, nearly half (19 percent) are Chartered Accountants.

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Just five out of 9,000 UK employers have published gender pay gap details so far

Just five out of 9,000 UK employers have published gender pay gap details so far 0

by • News, Workplace

Only five out of the 9,000 eligible companies have so far reported details of their gender pay differentials on the website set up as a plank of the Government’s discourse on equality. Although the Government has confirmed that the policy does not reflect pay for comparable jobs, but wider issues, there has always been a degree of scepticism within the business community about the need for reporting. The rules oblige all private and public sector organisations with more than 250 employees to publish annual figures for both their mean and median gender income levels based on gender. They must also publish the number of men and women in each salary quartile. Reporting must be completed by April of next year, but there hasn’t been a rush to comply since the rules came into force on April 6.

Scotland needs to develop new skills as era of automation threatens half of jobs

Scotland needs to develop new skills as era of automation threatens half of jobs 0

by • News, Technology, Workplace

Urgent reform is needed to deal with the rise of automation, which threatens half of Scottish jobs, a leading think-tank has warned. The stark warning comes in a new report from IPPR Scotland, supported by the JPMorgan Chase Foundation. Scotland’s Skills 2030 outlines the need to reskill Scotland’s workforce for the world of work in 2030. The study claims that 46 percent of jobs in Scotland – or 1.2 million – are at high risk of automation up to 2030 and beyond. It suggests that Scotland’s skills system needs to “retrofit” the workforce with the skills to be ready for technological change – 2.5 million adults in Scotland today (or 78 percent) will still be of working in 2030, report adds.

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Property developers welcome extension of office to residential conversion rights

Property developers welcome extension of office to residential conversion rights 0

by • News, Property

Three quarters (74 percent) of property developers expect to see an increase in the number of conversions of under-used office buildings into new homes over the next two years as a result of the government’s decision to extend property development rights (PDR) legislation. Of these, nearly a third (30 percent) of developers expects to see a significant growth in PDR-related conversion schemes. This is according to a small study commissioned by Amicus Property Finance. More than two thirds (69 percent) of property developers welcome the PDR extension, which was designed to enable thousands of new homes to be built by making use of neglected industrial and office property while preserving the green belt. In the UK between July 2015 and June 20163, a total of 1,066 office to residential permitted development applications were permitted with prior approval not required and a further 1,480 applications granted with prior approval.

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Improving adult skills can help countries benefit from globalisation, claims OECD

Improving adult skills can help countries benefit from globalisation, claims OECD 0

by • News, Workplace

In an increasingly competitive international environment, providing workers with the right mix of skills can help ensure that globalisation translates into new jobs and productivity gains rather than negative economic and social outcomes, according to a new OECD report. The OECD Skills Outlook 2017 reveals big differences in the extent to which countries are equipping workers with the right knowledge and ability to benefit from the globalisation of production chains. The report finds a country with a skills mix that is well aligned with the requirements of technologically advanced industries can specialise in these industries on average 8 percent more than other countries, and up to 60 percent more than countries with a low alignment between the mix and these industries requirements. A supplementary note covers the UK’s situation.

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Employee’s digital skills not being nurtured, despite growing need for data literacy

Employee’s digital skills not being nurtured, despite growing need for data literacy 0

by • News, Technology, Workplace

The majority of UK employees recognise the importance of data literacy to their career progression, but half have never been offered any relevant training. Statistics from a study of over 3,000 UK employees shows they understand the growing significance of data within their organisation, with almost all (94 percent) of those surveyed stateing that they consider data to be important for performing their role. Data skills were ranked as fourth in a list of the most important skills for their job – with only traditional, ‘soft’ skills such as ‘communication’, ‘organisation’ and ‘people management’ ranking higher. Yet the Censuswide survey, commissioned by Tableau revealed that despite four in five professionals (84 percent) believing data skills will be important for their career progression and a similar percentage (83 percent) using data on a weekly basis as part of their role, nearly half (49 percent) say their employer hasn’t offered them any kind of data analytics training.

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