Search Results for: workforce

Third of Millennials more engaged by contributing to company vision than a high salary

Third of Millennials more engaged by contributing to company vision than a high salaryThe younger generation of workers say high visibility and the chance to help influence the workplace culture is of much more importance than the size of their pay packet. When asked by US-based firm Futurestep what matters most to them as employees, the greatest number of Millennial respondents – those born after 1980 – (23%) said it was “the ability to make an impact on the business,” followed by “a clear path for advancement” (20%) and “development and ongoing feedback” (16%). Income came in at fourth place at 13 percent. When questioning what makes Millennials choose one job over another, more than a third (38%) said “visibility and buy-in to the vision of the organization” while 28 percent said “a clear path for advancement.” “Job title and pay” came in third place at 18 percent.

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Majority of UK workers concerned about their ability to retire

Man-with-empty-pockets-006A new report from the Chartered Institute of Personnel and Development claims that the majority of UK workers are concerned that their current pension arrangements won’t allow them to retire. It found that the average employee pension contribution to a workplace-defined contribution pension scheme is currently 5 percent, but most employees think they should be saving almost double that (9 percent). Four in ten (43 percent) think they should be contributing more than 10 percent of their salary to their retirement savings and almost a quarter (22 percent) admitted they didn’t know how much they should be contributing. The shortfall between what employees are paying in and what they think they should be paying is highlighted by the fact that over half of UK workers have considered how they might work past state pension age and one in ten people (13 percent) are worried that they will never be able to afford to leave paid employment.

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Over half of employers reject mandatory quotas for women on boards

Over half of employers reject mandatory quotas for women on boardsThe Women on Boards review published by Lord Davies in February 2011 looked at the obstacles that prevent many women from reaching senior positions in business, such as FTSE 350 corporate boards; and set a target of 25 per cent of board positions being held by women by 2015. As the anniversary of the report approaches, new research by the CIPD, business leaders and Business and Women & Equalities Minister Jo Swinson MP, has revealed resistance to the idea of mandatory female quotas as mooted by some EU members, with over half those polled suggesting that the government should instead set a more ambitious voluntary target to improve gender diversity in boardrooms post-2015. Two thirds of respondents said that an open and supportive culture that encourages gender diversity would be a more effective way of improving gender diversity at board level.

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The pressing need for more women to forge careers in STEM disciplines

????????????????????One of the most pressing economic challenges facing the UK is producing enough qualified professionals in the key science, technology, engineering and maths (STEM) disciplines. And, as a number of new reports make clear, the problem is compounded by the failure of enough women to develop careers in those areas that will define the country’s economic future. It was a point raised in a recent Government report into the UK’s digital future. Writing for the BBC earlier this month Dame Prof Ann Dowling the President of the Royal Academy of Engineering laid out the scale of the problem; by 2022 the UK will need at least 1.82 million new engineering, science and technology professionals. What is also becoming clear is that, while many women are keen to develop STEM careers, they face a series of obstacles at every step.

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Disengaged staff plan to switch employer over the next three months

switch employer

Just under a third of employees are planning to switch employer soon, with Gen Y most likely to leave, finds a new report, “Finders Keepers? Exploring How to Source, Hire and Retain the Best Talent”. The research from recruitment firm Quarsh claims that 10 percent of employees are searching for a new opportunity at the moment, and a further 20 percent will be looking for a new role within the next three months. Because one third (35 percent) of those currently looking expect to still be working for their current employer in 12 months’ time, the report warns that management need to focus not just on hiring, but also employee engagement. The report claims that organisations seeking to engage and retain their current workforce need to focus on offering an ’employment experience’ that stretches beyond the ‘tangible’ elements of the job, such as salary.

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Latest Insight newsletter is now available to view

Insight_twitter_logo_2In this week’s issue; Maciej Markowski says most companies are not like Google, so don’t require a Google-cloned office; and Mark Eltringham explains why Charles Handy was largely correct in his pronouncements on the changing nature of work. Take up of leased office space in London hits its highest level since 2000; the UK workforce sees an increasing pay divide; and with new flexi-rights just weeks away, Acas publishes a new free guide on Shared Parental Leave. The Government publishes the latest edition of its ‘Greening Government ICT Strategy report; and the House of Lords’ report, Make or Break: The UK’s Digital Future, predicts that 35 percent of jobs over the next two decades will be automated. Sign up to the newsletter via the subscription form in the right hand sidebar and follow us on Twitter and join our LinkedIn Group to discuss these and other stories.

Job automation seen as a key digital challenge in new policy report

Whichever party or coalition forms the next UK Government will face a raft of serious challenges with the emerging digital economy, including making plans for the automation of up to a third of existing jobs. That is the main conclusion of a new report published this week by The House of Lords. Make or Break: The UK’s Digital Future, argues that the next 20 years will present the UK with a range of profound challenges and opportunities and it is incumbent on the Government to address them at the earliest opportunity. As well as imminent and well known  issues such as the need to roll out ultrafast broadband countrywide and the development of skills and digital clusters, the report also highlights the particular issue of what to do about the claim that up to 35 percent of jobs over the next two decades will be automated.

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Employment confidence is increasing, but so is the pay divide finds CIPD

Employment confidence is growing, but so is a the pay divide finds CIPD The UK workforce is seeing an increasing pay divide between employers that can now afford to increase wages by 2 percent or more and those that are stuck in a pay freeze. According to the latest Labour Market Outlook from the CIPD, almost half of the UK workforce saw either a pay freeze or a pay cut (3% pay cut, 39% pay freeze) in the twelve months to December 2014. In contrast, a similar proportion (40%) have received a pay increase of 2 percent or more and less than a fifth (18%) fall in the middle ground of people who have received a pay increase in the 0.1-1.99 percent corridor. As well as identifying a growing pay divide, the report finds employment confidence is set to remain strong over the next three months with around two thirds of employers (65%) planning to recruit new employees.

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The latest issue of Insight is now available to view online

Insight_twitter_logo_2In this week’s issue; Mark Eltringham observes the shattering of any fixed idea we may once have had of a time and a place to work, and highlights the remarkable growth in the number of one person businesses; Sara Bean welcomes the publication of Kinnarps’ Trend report which offers informed views of the shape of the future workplace; Jonathan Hindle examines the true value of workplace art and Paul Goodchild suggests there may be better ways of designing offices that balance the advantages of the open plan, while mitigating its drawbacks. In news; the latest initiative between the BIFM and the CIPD, Government plans to attract the US tech sector to the UK, and new evidence of the impact of stress on the workforce. Sign up to the newsletter via the subscription form in the right hand sidebar and follow us on Twitter and join our LinkedIn Group to discuss these and other stories.

Two fifths of employees say work has a negative impact on their health

chocolate-muffinMillions of the UK’s workforce feel they’re putting their heart health at risk due to the pressures of their job, according to a new survey carried out by the British Heart Foundation during the charity’s Heart Month. The survey shows that a large number of employees feel their working life leads them to eat a poor diet, not doing enough exercise and drinking and smoking more than is good for them. The BHF is calling for employers to encourage their workforce to spend at least 10 minutes a day improving their lifestyle during February. The survey found two in five (41 percent) people feel their job has had a negative impact on their health in the last five years, with more than half (55 percent) saying they have become more stressed as a result of their job over the same time period.

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Government launches scheme to attract US tech sector to UK

tech sectorThe Government has launched a scheme to attract US tech firms to set up or ramp up their businesses in the UK. The tech sector is already worth around £120 billion to the UK and the Government hopes the HQ-UK programme will offer investors a chance to tap into a well-established pool of talent and a business-friendly and low tax economy. The initiative is a joint venture between Tech City, the Department for Business, Innovation and Skills, and the Department for Culture, Media and Sport. HQ-UK will simplify and quicken processes for visa applications and setting up UK bank accounts. The programme will also highlight the UK’s high skilled tech savvy workforce, the Government’s commitment to the development of programming skills in schools and the second largest labour market in the EU.

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New report highlights the borderless and liquid nature of the diverse workplace

New report highlights the borderless and liquid nature of the diverse workplace

Kinnarps report highlights the borderless and liquid nature of the diverse workplacePredicting the office the future is not an exact science, but sometimes a report comes along which does a decent job of cutting through the fog and pointing us in the right direction. The Kinnarps’ Trend Report 2015, published this week by the firm’s future labs workshops, draws out some important themes for the new diverse workplace; the borderless and liquid nature of modern working life, how co-working clusters are now a mature trend, why designers need to consider the introvert as well as the collaborative extrovert worker; wellness as the new sustainability and the fact that people will and should be allowed, to modify the environment in which they work. Five key trends were identified in the report, the impact these have on working life are examined and suggestions made on how designers can apply them in their workplace design strategies.

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