Search Results for: benefits

Many SMEs know how staff contribute to growth but still ignore their wellbeing

Many SMEs know how staff contribute to growth but still ignore their wellbeing 0

Wellbeing SMEThe owners and managers of British small businesses understand that employees are critical to their success but a surprisingly large proportion believe that their health and wellbeing is not something that should be a concern for the firm. That is the main claim of a new survey from healthcare provider Bupa. According to its study of 500 small business owners and directors, two thirds (63 percent) agree that employing the right people is critical to the growth of the business in its early stages. Yet, less than half (46 percent) believe employee health and wellbeing will play a key role in their future growth strategy. This is in spite of the fact that three quarters (76 percent) of SMEs who have had an employee take a long sickness absence reported a significant impact on the growth of their business. Meanwhile, nearly half (46 percent) believe even an early short-term absence would have had an adverse effect.

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London’s allure for Millennials is less than it was, claims report

London’s allure for Millennials is less than it was, claims report 0

MillennialsThe allure of London for Generation Y appears to be fading,  according to a new report from Lloyds Commercial Banking. According to the study of 200 Millennials and 400 SMEs, the most talked about Generation appears increasingly happy to work for a small firm, wherever they are located. The survey claims that relocating to London is not on the agenda for half (51 percent) of Millennials, who would be happy to move anywhere for the right job. Over a third (35 percent) don’t want to move away from home, while less than a tenth (eight percent) insist they will only work in the capital – which the report claims is good news for SMEs located outside of London (assuming they want to employ Millennials in the first place, obviously). According to the report, location ranked seventh on the list of factors that would attract Millennials to a business.

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The way we talk about workplace productivity needs another dimension

The way we talk about workplace productivity needs another dimension

workplace productivityOne of the most typical claims that suppliers in this sector make about their products is that they will make people more productive at work. Many go so far as to put numbers on what this means, and usually not just 0.4 percent or whatever but something far more. We can understand why they do this because they are seeking to link workplace productivity to whatever it is they have to sell. This is often tenuous for at least two reasons. The first is that even when such a causal link is demonstrably true, it still assumes that all other things at work are equal, whereas they never are because there are so many factors involved. That is why you will find some people cheerfully working in shabby, cluttered, underlit offices while others mope around unhappily in gilded cages with expensive chairs, soaring daylit atria and olive groves. The second is that such claims simply ignore what makes people tick.

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‘Climate smart’ cities could generate global savings of $17 trillion

‘Climate smart’ cities could generate global savings of $17 trillion 0

CitiesNewly published research claims that investing in public and low emission transport, building efficiency, and waste management in cities could generate worldwide savings of US$17 trillion by 2050. The Global Commission on Economy and Climate, an independent organisation comprising former finance ministers and leading research institutions from Britain and six other countries, found climate-smart cities would spur economic growth and a better quality of life – at the same time as cutting carbon pollution. These investments could also reduce greenhouse gas emissions by 3.7 Gt CO2e per year by 2030, more than the current annual emissions of India. With complementary national policies such as support for low-carbon innovation, reduced fossil fuel subsidies, and carbon pricing, the savings could be as high as US$22 trillion according to the report.

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Five unconventional ways to attract and retain Millennial talent

Five unconventional ways to attract and retain Millennial talent 0

Younger workers less tolerant of flexible workers than you would thinkAlmost one third of millennial staff (29 percent) claim that a higher salary is the biggest contributor to their loyalty, despite only 20 percent of the broader American workforce reporting the same; the Staples Advantage Workplace Index, a study of office workers in the US and Canada claims. US office workers consider title and work responsibilities (38 percent) and work-life balance (30 percent) as leading contributors to their loyalty, but Millennials favour less traditional benefits including more flexibility; generous office amenities, such as gyms; a company which promotes and supports sustainable practices; a more sociable working environment with plenty of breaks; and finally, lots of positive feedback from their direct line manager. Unsurprisingly, unlike other generations of workers, Millennials say that the use of social media enhances rather than detracts from their productivity.

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Unconscious bias can adversely affect recruitment and retention says CIPD

Unconscious bias can adversely affect recruitment and retention says CIPD 0

Employers' unconscious biasNew research from the CIPD has revealed that both male and female managers tend to favour men over women in hiring decisions; while there is an unconscious tendency to hire people like ourselves. The report A Head for Hiring: The Behavioural Science of Recruitment shows that initial perceptions of whether a person will be a good fit can be determined by factors which have no real impact on performance, including visual, cultural, demographic and situational factors. Worryingly, identical CVs seem to get more call-backs when the applicant is typically deemed to have a ‘white’ name as opposed to one that can obviously be associated with an ethnic minority. The report makes a number of recommendations to ensure that employers have consistent hiring practices.  Meanwhile, Acas has also published two new free practical guides for employers and managers on how to recruit and settle in staff.

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Traffic congestion costing UK firms £4.5 billion a year, claims report

Traffic congestion costing UK firms £4.5 billion a year, claims report 0

The daily grind of commuting to work is not only taking its toll on the health, wellbeing and fuses of employees, it is also costing businesses billions of pounds a year in lost working hours, claims a new report from fleet management firm Lex Autolease. The study, part of the firm’s annual survey of trends in corporate car use, estimates that employees spend around 13 percent of their work-related journey times held up by jams and congestion and that the 1,041 people surveyed also spent an average of 70 minutes each day in their car travelling to and from work. In addition, around one in twenty (5 percent) of people commute for more than three hours each day, while just 8 percent said they were based from home so commuting wasn’t an issue. The study concludes that this costs UK employers some £4.5 billion each year.

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We need to do more than pay lip service to workplace wellbeing

We need to do more than pay lip service to workplace wellbeing 0

BlakeEnvelopes-WorkSpace1Too many companies continue to talk about employees as their ‘greatest asset’ yet their fine words are not always not borne out in their behaviour, be that through working culture, remuneration or environment. With more and more investors using employee wellness and engagement as a barometer for the health, stability and culture of the business – the concept of workplace wellbeing is finally garnering the attention it deserves. Our workplace behaviours, cultures and environments are not keeping us fit, well, productive, happy or profitable. Finally businesses are accepting their moral responsibility to take better care of their people. So what affects employee productivity, creativity and happiness and how can changes to the workplace promote the best financial and moral outcomes for businesses and employees alike?

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People are surprisingly ignorant of basic technological terms

People are surprisingly ignorant of basic technological terms 0

Ignorance of technologyOne of the assumptions we might make about people in our increasingly digital world is that everybody has a pretty good grasp of what some of the more basic technological ideas actually mean. That cosy assumption is challenged by a new study from IT firm Daisy Group which claims that a fifth of the UK population don’t know what WiFi is, three quarters have no idea what is meant by VoIP, nearly half (43 percent) don’t know what The Cloud is and a similar number (44 percent) are baffled by the term ‘fibre broadband’. Even business owners and managers, for whom a basic grasp of this kind of stuff would seem essential, are at a disadvantage. Nearly a third (29 percent) of 1,100 surveyed couldn’t define fibre broadband (29 percent), a quarter (26 percent) hadn’t the foggiest about The Cloud and pretty much everybody is left cold by data centres.

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Flexible working now an almost universal employee benefit, claims study

Flexible working now an almost universal employee benefit, claims study 0

flexible workingA new report from employee benefits provider Unum claims to set out the future trends and challenges affecting the benefits packages firms should offer staff. One of the headline claims from the report is that four out of five employers (79 percent) already offer flexible working. ‘The Future of Employee Benefits’ report surveyed 13 organisations and incorporated the results with those of a series of interviews and roundtable discussions with employers and specialists including representatives from the Chartered Institute of Personnel and Development. The report identifies a series of macro trends affecting workplace wellbeing and the recruitment and retention of employees over the next 15 years, which were categorised into four distinct working environments: The Ageless Workplace; The Mindful Workplace; The Intuitive Workplace; and The Collaborative Workplace.

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Home-workers are happier, healthier and more productive than ever

Home-workers are happier, healthier and more productive than ever 0

Home workingHome-workers are more productive, happier and more capable of attaining a healthy work/life balance than those who work in an office, claims a new survey. Around 84 percent of home-workers believe they are equally or more productive then their office-based colleagues; and over three quarters (77 percent) of the UK’s  working population agree that working from home has a positive impact on productivity. The survey of 1,800 professionals from CV library found that 18 percent work from home, with a further 15 percent splitting their time between home and the office, and the data shows that flexible working hours  contributes to increased productivity (28 percent and 26 percent respectively). Although well over half (66 percent) of home-workers believe they work longer hours, more than three quarters (83.2 percent) find it easier to manage a good work/life balance.

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Car sharing and longer commutes are the keys to workforce mobility

Car sharing and longer commutes are the keys to workforce mobility 0

Car sharingThe Government should introduce new policies to incentivise people to car share and travel further afield to find work. Those are two of the key finding of a new report, On The Move, from the think tank Policy Exchange which sets out ways to improve the mobility of the British workforce. Making it easier for people to commute twenty minutes further afield would put them in touch with at least one additional major urban area and potentially 10,000 more job opportunities, according to the report. Additionally, it suggests that drivers who offer fellow commuters a lift should be given a tax break. The authors claim that in a third of local authorities that make up the eight city regions no major employment sites (defined as having 5,000 or more jobs) are within a twenty minute commute by public transport and 80 percent of these Local Authorities have an unemployment rate above the national average.

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