Employers urged to find ways of motivating and retaining older workers

Employers urged to find ways of motivating and retaining older workers 0

Employees over 50 still have a huge amount to offer, and that is why employers need to develop and implement strategies to find ways of managing and retaining them. The results of a three year study – led by Nottingham Trent University with Workplace Innovation Limited – aimed at preventing the loss of vital knowledge, skills and experience of increasingly ageing workforces indicate that measures should be taken by employers to ensure older workers don’t become demotivated and head into early retirement. The first-of-its-kind study follows findings which reveal that by 2030 the number of people aged over 55 in high-income countries will have grown to 500 million. As part of the study, researchers found that interventions which seek to improve job design and the way in which work is organised can lead to better engagement and retention of older workers – as well as producing wider benefits for the business and its employees. The project investigated work-related predictors of retirement for the over 50s, finding that manageable job demands and more control over roles were key factors in delaying a decision to retire.

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Dissatisfaction with work-life balance is more and more likely to be a reason to quit

Dissatisfaction with work-life balance is more and more likely to be a reason to quit 0

Dissatisfaction with work-life balance is more and more likely to be a reason to quit

The term ‘work-life balance’ has been promised by large corporations for years – and it now could finally become a key factor choosing a career. According to a worldwide survey, the upcoming generation of Y and Z workers demand more flexibility, less face-time, and rather than having to account for half-day annual leave, attending school plays or meetups, expect to be trusted to do the job on their terms. However, the research by Emolument also claims that in some industries, implementing such a shift in perception and practice is still a long way off, as client demands in terms of reactivity and timeliness remain unchanged. Employers do understand that dissatisfaction with work-life balance is more and more likely to be a reason for quitting though, and that higher pay struggles to compensate for time spent away from family and friends. With more pressure on women to cover for childcare commitment, housework and logistics, 42 percent of women say they’ve a bad work/life balance compared to 33 percent of men.

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Millennials prefer the traditional job model to the ‘gig economy’

Millennials prefer the traditional job model to the ‘gig economy’ 0

millennials-prefer-the-traditional-job-model-to-that-of-the-gig-economyOrganisations that offer a range of perks, flexible hours and contract work to attract younger workers may be wasting their time, as it seems millennials prefer a more traditional approach to that of the gig economy. In a survey by the US-based Career Advisory Board of 500 respondents representing a diverse sample of American workers, 91 percent of the millennials surveyed reported they would like to work at a single full-time job rather than embrace the gig economy and 81 percent overall said they would prefer a single position that’s full-time. Of the 81 percent of respondents of all ages who’d prefer a single full-time position, an overwhelming number didn’t mind going into an office, but would like some location flexibility (59 percent). Most surprisingly, millennials were more likely to want to work in an office every day than their older colleagues. And as for special perks like onsite food, wellness perks and day-care, less than 1 percent of respondents preferred special company perks to the more crucial benefits such as medical/dental plans, paid time off and retirement benefits, which rated the most important offerings after competitive salary.

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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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Asian HR executives ready to welcome our new robot overlords 0

artificial-intelligenceAsia is set to lead the world in the uptake of artificial intelligence in the workplace and human resources managers expect to be in the vanguard when it comes to managing in the new era. According to a report in the MIT Technology Review, two thirds of HR managers in the region expect to be dealing with AI within five years and nearly three quarters believe the technology will lead to substantial job losses over the same period. Although the report is based on interviews with just 60 executives it highlights a growing awareness among HR managers worldwide that they will have to adjust very soon to a new era in which people are working alongside the next generation of AI. The report also highlights the different perspectives that HR professionals have on the subject compared to the boardroom.

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UK government announces plans to invest in next generation technology

UK government announces plans to invest in next generation technology 0

PrintThe UK Government is at last to invest properly in the next generation of technological infrastructure to ensure the company keeps pace with developments in broadband, the Internet of Things and 5G. It is to invite the country’s major cities to bid for a chance to pilot 5G from next year. The technology is a key enabler of the Internet of Things (IoT) because it is up to a hundred times faster and more reliable than existing 4G connections. In turn, the IoT will boost the application of game changing technology such as driverless cars and smart building systems. Although the Government has recently focussed on headline physical projects such as HS2, it has come under sustained criticism for the country’s often creaking technological infrastructure.

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Gender earnings gap in tech sector is significantly higher than national average

Gender earnings gap in tech sector is significantly higher than national average 0

homepage-insideThe high tech sector may pride itself on offering some of the most attractive and modern workplace environments, but when it comes to equal parity between the sexes it seems out of date. New research from Mercer claims that at 25 percent, the gender earnings gap in the UK’s high tech sector is significantly higher than the national average (18 percent). The consultancy also found that small companies have the largest gap, with a 30 percent difference in (median) pay between all male and female employees, and a 26 percent gap when considering mean base salaries. This difference reduces as company sizes grow. Where the data allowed comparison of pay between women and men in equal job roles, the pay gap was much smaller, typically 8 percent. This is comparable to the UK norm of 9 percent for this type of analysis. The reasons for this gap is due on further analysis to a multitude of factors including the reluctance of many women to enter the tech field, not enough effort being put into promoting women and a lack of will in promoting flexible working patterns.

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Number of people who commute over two hours a day increases by a third

Number of people who commute over two hours a day increases by a third 0

Number of people who commute over two hours a day increases by third

One in seven UK employees commute over two hours or more each day. This represents an increase of nearly a third (31 percent) over the past five years, which claims the TUC, is due to a combination of low wages, high house/rental prices and the government’s lack of transport infrastructure spending, According to a new analysis by the union to mark Work Wise UK’s Commute Smart Week, in 2015 3.7 million workers had daily commutes of two hours or longer – an increase of 900,000 since 2010 (2.8 million). In 2015 one in seven UK employees (14 percent) travelled two hours or more each day to and from work, compared to one in nine in 2010 (11 percent). UK workers spent 10 hours extra, on average, commuting in 2015 than they did in 2010. This is the equivalent of an extra 2.7 minutes per day. London (930,000) has the highest number of employees who make long commutes, followed by the South East (623,000) and the East of England (409,000); while workers in Northern Ireland (+57 percent) have experienced the biggest rise in long commuting, followed by the South East (+37 percent) and the West Midlands (+27 percent).

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Employers and ambitious employees combine to boost a buoyant job market

Employers and ambitious employees combine to boost a buoyant job market 0

employers-and-employees-on-the-move-boasting-a-buoyant-job-marketThe job market continues to remain buoyant in the face of economic and political uncertainties, and this is matched by a noticeable enthusiasm among employees to move jobs, suggests new research. The Totaljobs Employment Index, which measures activity across the totaljobs website, has shown that job postings on the site were up 7 percent year-on-year (YoY) in October. But this demand seems to have been outstripped by jobseekers’ needs, with the number of applications on the website up 14 percent YoY. This means that despite an increase in vacancies, the number of applications per job has soared 7 percent. This trend continues when looking at the last three months (Aug-Oct) compared with the same period in 2015, as jobs rose 11 percent and applications increased 12 percent. Broken down across the UK, the best performing regions in terms of growth in jobs posted include the North West (up 17 percent), the East Midlands and Wales (both up 13 percent).

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Staples reveals winners of Tomorrow’s Workplace design competition

Staples reveals winners of Tomorrow’s Workplace design competition 0

twc_-_runner_up_1According to the winning entries of the Tomorrow’s Workplace design competition from Staples Business Advantage and Metropolis magazine, in 2021 the workplace may include inflatable pods set up in urban parks, or young professionals working alongside active retirees in a setting that resembles a small town more than an office building. The contest was hosted by Staples Business Advantage, the business-to-business division of Staples, and architecture magazine Metropolis. “The massive corporate office tower, usually a glass box with central air pumped in, is turning into the dinosaur from the 20th century,” said Susan S. Szenasy, publisher and editor in chief, Metropolis. “Workplaces will become more multi-generational and multi-functional, fostering communities in the process. With the many changes in how and where we work, one thing is sure—today’s office is not your father’s or mother’s office.”

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Ethics a grey area for staff, when management fails to lead by example

Ethics a grey area for staff, when management fails to lead by example 0

Ethics a grey area for employees when management fails to show an example A third of people have taken a sick day in the last two years when they weren’t really ill, and one in 10 said that every sick day they’ve taken in the last 24 months has been false, a new study of British workers claims. And men are more likely than women to take a sick day when they’re not genuinely sick (36 percent of men compared to 30 percent of women). The survey of 2,000 employed adults in the UK also found that 36 percent would rather work for a company that paid them more, over one whose ethics they agreed with. Fifty-six percent of people in the study would continue to work for a company that avoided paying tax, and 14 percent said they currently work somewhere with managers or senior staff members that they believe are dishonest in their company’s tax returns. Yet despite all of this, nine out of 10 people say they do uphold ethical standards in their workplace.

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HR directors struggle to devise long term digital workplace strategies

HR directors struggle to devise long term digital workplace strategies 0

Digital AmericaOne of the effects of the UK’s falling unemployment levels is that HR Directors risk becoming so consumed with issues of talent retention and hiring that they are unable to plan effectively and build a long term strategy for their business, especially when it comes to key emerging issues such as the digital workplace. While the latest ONS statistics show that UK unemployment fell by 37,000 to 1.6 million in the three months to September, hitting an 11-year low, in an anonymous survey carried out by The Curve Group, 92 percent of HR Directors say re-designing their organisation in response to the emergence of the digital workplace, new entrants and a flat economy should be their main priority, but only 44 percent feel able to do so.

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