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Third of HR professionals say Brexit will impact the profits of their business

Third of HR professionals say Brexit will impact the profits of their business 0

Today (29 March) the Prime Minister triggers Article 50 to begin the UK’s exit from the European Union, and a new piece of research claims that almost two thirds (62 percent) of HR professionals expect this to impact their HR strategy and more worryingly, over a third (35 percent) say that the leave vote will impact the profits of their business. According to the research from employee benefits specialist Secondsight, 37 percent have opted not to hire over the coming year, and 39 percent agreed that recruiting the right people into their business will now be more difficult than before the decision to leave was made. However, on a more encouraging note, 95 percent of the HR professionals surveyed will see their budget rise in 2017, and 18 percent plan to introduce new benefits in the year ahead.

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Less rigid flexible working practices tend to produce higher performing staff

Less rigid flexible working practices tend to produce higher performing staff 0

Less rigid flexible working practices tend to produce higher performing staffFlexible working can increase employee job satisfaction and organisational commitment, but staff who work flexibly under an ad  hoc arrangement appear to perform better than those who go through a more formal process, according to research from Cass Business School  and Cranfield School of Management. The research focused on the relationship between flexible working arrangements designed to accommodate employees’ needs (e.g. remote working, flexitime, compressed working) and performance appraisals and considered the indirect effects of employee performance via job satisfaction and organisational commitment.  An analysis of whether the associations varied according to whether the flexible working arrangement was set up via a formal policy or informal negotiation between the employee and line manager revealed that employees who established flexible working arrangements through informal discussion with their line manager were judged to perform much better than those who use formal flexible working arrangements.

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Surge in the number of people working into their seventies

Surge in the number of people working into their seventies 0

The number of British people working past 70 years old has increased markedly over the past four years. Poor pensions, personal choice, greater life expectancy and changes to pension laws have all been highlighted as factors behind the increase in the latest report on demographic trends from the Office of National Statistics (ONS). The largest increase was seen amongst women, with the proportion of women working into their seventies doubling from 5.6 percent in 2012 to 11.3 percent last year. Around 150,000 women over seventy are now thought to be working. Meanwhile, the number of men working past the official state pension age has also increased, but at a slower rate, from 10 percent in 2012 to 15.5 percent last year.

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Over half of employees in small and medium firms regularly work unpaid overtime

Over half of employees in small and medium firms regularly work unpaid overtime 0

Long working hours are embedded into Small and medium sized firm’s (SME) culture, new research by AXA PPP healthcare has claimed, with 47 percent of employees in SMEs across the UK regularly working four or more hours of overtime per week, 27 percent of these putting in seven or more hours and for half (52 percent), the extra hours are unpaid. In addition, 22 percent of employees take fewer than 30 minutes for lunch, 19 percent have cancelled family time and 19 percent have missed a child’s event such as a school play due to working over and above their contracted hours. Over half (54 percent) of employees have continued to work after putting children to bed. With Britain’s small and medium sized firms making up 99.9 percent of the UK’s private sector businesses, employing nearly 3/5 of its workforce and accounting for 48 percent of the turnover this accounts for a lot of workers.

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Up to a third of UK jobs to be displaced by robots in near future

Up to a third of UK jobs to be displaced by robots in near future 0

The latest report to examine the disruptive potential of robots in the workplace has been published by PwC as part of the firm’s regular Economic Outlook series. The study claims that up to 30 percent of existing UK jobs will be susceptible to automation by robots and Artificial Intelligence by the early 2030s, although in many cases the nature of jobs will change rather than disappear and the change will increase productivity and wealth. This is lower than the US at 38 percent and Germany at 35 percent, but higher than Japan at 21 percent. The report looks in detail at the composition of jobs in different industry sectors and occupations, using machine learning techniques to model the potential impact of AI in the future based on OECD data. The likelihood of automation appears highest in sectors such as transport, manufacturing, and wholesale and retail, and lower in education, health and social work.

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Review advises employers should devise elder care policies as pension age increases

Review advises employers should devise elder care policies as pension age increases 0

Review advises employers should devise elder care policies as pension age increases

A review of the state pension age (SPA) led by former Confederation of British Industry (CBI) director general John Cridland has recommended that the State Pension age shouldn’t rise to 68 until between 2037 and 2039 and should not increase more than 1 year in any 10 year period. The report has also advised that all employers should have elder care policies in place which set out a basic care offer and that people should be able to access a mid-life career MOT and review which should be facilitated by employers and by the government using online support and through the National Careers Service. Commenting on the report, which will be considered before any decision is made on changes to the State Pension age timetable after 2028, the Centre for Ageing Better has welcomed its recommendations on wider actions to mitigate the impact of bringing the timetable forward for increases to the State Pension Age.

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Employers in industries reliant on overseas workers will be hardest hit by Brexit

Employers in industries reliant on overseas workers will be hardest hit by Brexit 0

Brexit MigrationAccommodation and food services, manufacturing, and transport industries will be hardest hit by limits on movement of EU and non-EU workers following Brexit, a new report has claimed. The latest edition of Mercer’s Workforce Monitor has highlighted how reliant certain sectors of the UK economy have become on EU-born and non-EU born workers, as respectively, 33 percent, 23 percent and 20 percent of accommodation and food services, manufacturing, and transport are made up of non-UK-born nationals, meaning companies in those sectors, and those reliant on them, are especially at risk from the changes in the UK’s migration policy. According to Gary Simmons, Partner at Mercer, “Since 2013, the UK-born workforce has been declining as people retire and we can see how reliant certain industries are on overseas workers filling the gaps. The UK is likely to impose more stringent migration controls in the future and this will reduce the number of overseas workers available.”

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Only half of people say they are productive at work

Only half of people say they are productive at work 0

Junior members of the workforce are most likely to be disengaged, demotivated and lacklustre about work according to a survey on happiness in the UK workplace from HR consultancy Personal Group. Based on a survey of 800 people benchmarked against a larger database of 41,000 from the University of Warwick, the survey claims that 48 percent of employees are not often happy at work and that almost one in five are rarely or never happy at work. The report suggests that it is more junior employees who are not only less keen to get to work in the morning but are also unhappier at work when compared to senior managers, directors and those who are self-employed. Similarly,  when asked whether they feel enthusiastic about their job, directors and self-employed are the most passionate, reporting 70 percent and 76 percent respectively. Team leaders and frontline employees are significantly less enthusiastic, with 30 percent of the latter saying that they never feel enthusiastic at work.

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Half of UK employers have now introduced wellbeing schemes 0

Nearly two thirds (63 percent) of UK employees experience stress in their jobs, according to a new study of workplace wellbeing by Happiness Works on behalf of Robert Half UK. Of those who find their roles demanding, nearly one in 10 said their job was very stressful.  To address the high-levels of stress and other issues among employees, organisations are introducing wellbeing initiatives to support the physical and mental health of employees at work. Nearly half (48 percent) of businesses offer tools designed to promote wellbeing in the workplace, with one in seven providing stress management seminars or training and annual leave for personal and mental wellbeing. Other initiatives being introduced include counselling (17 percent), leaving work early on a Friday (17 percent) and limiting the amount of overtime that employees can do (11 percent).
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White paper sets out challenges of Brexit for UK’s built environment sector

White paper sets out challenges of Brexit for UK’s built environment sector 0

BSRIA has published a new white paper to explore how issues related to Brexit will impact the UK’s built environment sector. The report highlights the ways in which the industry that supports the built environment has a major impact on the overall UK economy and plays a positive role in supporting the government’s climate change and emissions reduction objectives. According to the white paper, the sector is particularly sensitive to the uncertainties surrounding Brexit because it is technology intensive, requires a highly-skilled workforce, and is very dependent on international trade.

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RSA report sets out nationwide strategy for inclusive growth

RSA report sets out nationwide strategy for inclusive growth 0

The Royal Society for the encouragement of Arts, Manufactures and Commerce (RSA) has published the final report from its Inclusive Growth Commission. The report sets out a series of recommendations which it claims will address the lack of an inclusive approach to the economy. In the context of Brexit, this is one of the underlying drivers of dissatisfaction with the way the UK is run by central and local government, the report claims, and hence a factor in the Brexit vote. Its forward looking proposals include a greater commitment to lifelong learning, a greater focus on place to ensure the UK’s cities and regions get a greater stake in the national economy. As well as the main report, its conclusions and proposals are discussed in a podcast.

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Female FTSE 100 leaders require more prestigious academic background than men

Female FTSE 100 leaders require more prestigious academic background than men 0

Women require more prestigious academic background than men to be a FTSE 100 leader

Only 10 percent of Executive Directors on FTSE 100 boards are female compared with 35 percent of Non-Executive Directors and it seems that those who reach this level require a stronger academic pedigree than their male counterparts. According to preliminary findings from The Leadership 10k1 report from Green Park, women leaders in the UK’s biggest firms are three times more likely than male counterparts to have degrees from either Russell Group or Ivy League universities. The research finds that 76 percent of the total employees in top 20 positions across the FTSE 100 who graduated from a Russell Group university are female while 70 percent of leaders who graduated from an Ivy League university are female. Overall, this suggests that women are three times more likely to need a qualification from a prestigious university to gain a board position in the UK than men.

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