Search Results for: pension

September 22, 2015

The worldwide demographic timebomb is transforming the workplace ⁰

by Mark Eltringham • Flexible working, News, Wellbeing, Workplace

There are a number of reasons why we shouldn’t be drawn into blindly accepting the narrative about Generation Y’s impact on the workplace. It seems the most important is also the least talked about. It is that the workforce is actually ageing in the world’s leading economies. While it may be true that 27 is middle -aged for employees at technology companies, for pretty much everybody else, shifting demographics, longer lives, improving health, falling pensions and changing personal preferences are likely to mean they stay in the workforce for longer. This is true in both the UK and US, where Millennials may make up the largest demographic grouping in the workplace but are still in a minority within an increasingly diverse workforce. The dynamics of these changes are playing out in different ways in different countries, but the forces are essentially universal.

August 3, 2015

More evidence of people’s growing inability to simply go on holiday ⁰

by Mark Eltringham • Flexible working, News, Public Sector, Technology, Wellbeing

If you’re reading this on holiday this week, don’t. Life’s too short. Go jump in the pool or something…. For everybody else, a slew of surveys have been published over the last few weeks that confirm something that we may already know; we are finding it increasingly hard to forget about work, even during our supposed time off and many people are forgoing holidays altogether, although not necessarily because they’ve forgotten about the off switch on their smartphone. We reported recently on one of these, from the Institute for Leadership and Management, but three more have passed over our desks over recent days. With the usual caveat about vested interests, the studies, from the TUC, alldayPA and public sector members club CSMA all confirm not only how prevalent this form of presenteeism is, but also how harmful it can be to ourselves and employers.

July 28, 2015

Government urges employers to recruit untapped disabled talent

by Sara Bean • Legal news, News, Workplace

The number of disabled people in employment has experienced a growth equivalent to around 650 people every day, according to new figures from the Department for Work and Pensions (DWP). They’ve been published to mark the first two years of Disability Confident; launched in 2013 to work with employers to remove barriers, increase understanding and ensure that disabled people have the opportunities to fulfill their potential in the workplace. The campaign has been backed by 376 firms so far and seen the number of disabled people in work increase by 238,000. With research this week from the Centre for Economic and Business Research and Averline, revealing that small employers still had 520,000 vacancies that they were unable to fill because of a lack of relevant skills; Minister for Disabled People, Justin Tomlinson, challenged businesses to consider the boost untapped disabled talent could bring to their workforce.

July 17, 2015

Quarter of workers want flexible contracts when they reach retirement age

by Sara Bean • Flexible working, Legal news, News, Workplace

A quarter (28 percent) of UK workers expect their employer to create a part-time or flexible role for them once they reach the state pension age, according to new research from Aegon. Workers in healthcare (40 percent) administrative (31 percent) and engineering and manufacturing sectors (32 percent) are most likely to expect their employer to create a flexible role for them, while those in the creative arts and design sector (32 percent) are more likely to become self-employed and start up their own business. Nearly two thirds (61 percent) are planning to carry on working if they haven’t saved enough by the time they hit their target retirement age; with more than one in three (36 percent) planning to continue working in their current role until they have enough saved; while one in ten (9 percent) expect to become self-employed.

June 26, 2015

Value older workers or sleep-walk towards a skills shortage, employers warned

by Sara Bean • Flexible working, News, Workplace

A demographic time bomb means employers must act to avoid a cliff-edge loss of skills and talents by 2035, a new study by the CIPD has revealed. There are currently 9.4 million workers in the UK today who are over the age of 50 and while the employment rate of older workers has increased significantly in recent years, there is still a 64 percent drop in the employment rate between the ages of 53 and 67. New research from the CIPD and the International Longevity Centre-UK (ILC-UK), the independent think tank on longevity, ageing, and population change, warns the UK could face serious skills shortages over the next 20 years. Unless organisations start improving how they recruit, develop and retain older workers it is estimated that the UK economy will struggle to fill one million jobs by 2035, even taking into account the mitigating effect of migrant workers.

June 18, 2015

Gen Z workers will be far more conventional than commonly assumed

by Sara Bean • News, Technology, Workplace, Workplace design

Despite being the first generation of workers to boast ‘native’ digital skills, so-called ‘Gen Z’ is far more conventional than previously assumed. The coming generation of 16-19 years-olds who are fast approaching the jobs market will care far more about their workplace and their employer’s ethics than Gen Y, new research from recruiter Adecco claims. The research shows that long-term security is more appealing to Gen Z than short term perks; with gym memberships (12%), free technology (16%) and time off to travel (26%) rejected in favour of qualifications and job security; at 43 percent and 41 percent, respectively. However, the research does show they have strong personal ambition and high expectations from employers, with half of those surveyed expecting a promotion within their first year of employment and the same number expecting to move on from an employer within two years.

April 30, 2015

Three workplace issues that could help to shape the general election ⁰

by Mark Eltringham • Comment, Flexible working, Legal news, Technology

With only a week to go until the general election, nobody seems clear on what exactly will happen at the polls, least of all the voters. The BBC’s political correspondent has described it as the Vanilla Election, with the major parties paralysed by the closeness of the race into not doing anything bold or imaginative enough to spook an ambivalent and undecided electorate. With little to differentiate the parties and an unprecedented degree of cynicism fuelled by social media and online commentary, it seems likely that voters may be swayed by what may in the past have been peripheral issues. Over the past few days several news items have even hinted that workplace related issues might have a role to play in making up people’s minds. Here are three.

April 28, 2015

Why it’s time for more companies to roll the dice for gamification ⁰

by Maciej Markowski • Case studies, Comment, Workplace

As was reported recently, gamification remains practically unknown to many managers yet companies like Nike, Microsoft, Samsung and eBay are beginning to see it as a useful tool. Generally adopted by marketing and sales professionals, gamification can also influence behaviour, increase productivity and improve wellbeing. Gamification is all around us, even if we don’t always notice it. It’s used in sales competitions, frequent flyer programmes and marketing initiatives. So what is gamification? In short it’s the concept of applying game mechanics and game design techniques in order to engage and motivate people to achieve their goals. It’s about turning something potentially mundane into a game – similar to many ingenious mothers who might turn cleaning a room or washing dishes into a game for their children.

March 16, 2015

Employee benefits policies still not family friendly, claims new report

by Mark Eltringham • Flexible working, Legal news, Workplace

Fewer than half (48 percent) of UK employers offer enhanced maternity pay to staff, claims a new study by Croner. According to the Croner reward employee benefits report, based on a survey of 127 employers, the most commonly offered enhanced scheme was 3 months leave at full pay. The research also found that fathers fare even worse with less than a third of firms offering paternity leave above the statutory minimum, with 62 percent offering full pay for a period of two weeks. Commenting on the findings, Viv Copeland of Croner says: “While some family friendly benefits such as flexible working and childcare vouchers have really grown in the last few years, the offer of enhanced maternity and paternity leave and pay still has a long way to go. The recent legislation around shared maternity/ paternity leave should bring some fresh thinking to this area from parents and employers alike.”

March 16, 2015

Multi generational workplace could boost economy by £25 billion

by Mark Eltringham • Flexible working, Legal news, News, Workplace

The Government has published a new report which describes the challenges faced by the UK’s over 50s in the workplace and sets out ways in which more of them can stay or move into work. The report is the culmination of eight months’ work by a team led by the Government’s ‘ageism tsar’ Ros Altmann and highlights why action is needed based primarily on the twin issues of demographic change and increasing life expectancy. The report, Retain, Retrain, Recruit, recommends action that would help older workers thrive and ensure individuals, industry and the economy can reap the financial and social benefits of a multi generational workplace. The report outlines how businesses could recruit more older workers, retrain existing staff and provide greater flexibility to retain them as well as setting out measures that should be taken to reflect the multi generational workforce in the media and policy making.

March 5, 2015

Majority of UK workers concerned about their ability to retire

by Mark Eltringham • Legal news, News, Workplace

A 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.

January 27, 2015

Employers need to do more to attract and train older workers says REC

by Sara Bean • News, Workplace

Employers need to provide more training opportunities for older workers and how they advertise jobs to attract recruits over 55, according to the results of a survey issued by the Recruitment and Employment Confederation (REC). Asked to identify the most important change businesses should make to encourage applications from jobseekers aged 55 and over, almost four in ten (37%) respondents highlighted issues around advertising, while a third (34%) indicated that they should be providing more opportunities for older workers to upskill or reskill. Twenty percent said that businesses need to be more careful with language used in job adverts while 17 percent said that hirers need to look beyond posting jobs exclusively online. Evidence for the business case for retaining, retraining and recruiting older workers will be published by the Department for Work and Pensions in March.