September 18, 2020

Is there a confidence gap between businesses and their people?

by Jayne Smith • News, Wellbeing, Working lives

Cornerstone OnDemand have published a new workforce trends report from the Cornerstone People Research Lab (CPRL) titled A License to Skill: Embracing the Reskilling Revolution. The research report claims that while organisational leaders and employees have rallied around the importance of skills, there remains a confidence gap in the efficacy of skills-based learning programmes that advance careers and innovation in the business. More →

May 7, 2020

Coronavirus crisis drives freelancer confidence to unimagined lows

by Neil Franklin • News

Freelancers’ confidence in their businesses and the wider economy has been driven to record lows by the Coronavirus crisis, according to research by IPSE (the Association of Independent Professionals and the Self-Employed) and PeoplePerHour, Europe’s largest freelance marketplace. Freelancers’ three month confidence in their businesses had already fallen to a six-year low last quarter because of concerns about the changes to IR35 tax regulations. More →

March 16, 2020

Employee confidence plunges amid economic and workplace uncertainty

by Jayne Smith • News, Working culture

Employee confidence in U.K. business conditions has fallen to its lowest level on record on the back of Brexit and rising fears around the coronavirus, according to Gartner, Inc. Gartner’s latest Global Talent Monitor report claims that the U.K. business confidence fell to an index score of 44.5 in 4Q19, a decrease of over 11 index points from 4Q18. The figure puts the U.K. more than 6 index points below the current global average. More →

February 7, 2020

IR35 pushes freelancer confidence to six-year low

by Jackie Le Poidevin • Flexible working, News

Two surveys have highlighted continuing fears among freelancers about the changes to the IR35 rules due to take effect in April. The reforms will shift the responsibility for defining contractors’ tax status from the individual to the employer to crack down on so-called ‘disguised employment’, where off-payroll workers are able to pay less tax than employees. However, concerns have been raised that the rules could force organisations to bring genuine contractors and freelancers on to the payroll, reducing flexibility for both parties. More →

November 26, 2019

Freelancer confidence is “lowest on record”

by Neil Franklin • Business, News

Freelancers’ confidence in the economy is the lowest on record because of their concerns about the economy, Brexit and IR35. They are, however, working more and charging higher day rates – seemingly to prepare for hard times ahead. According to the freelancer Confidence Index by IPSE (the Association of Independent Professionals and the Self-Employed), confidence in the economy has fallen to historic lows both for the coming three months and the coming 12 months. Freelancers’ confidence in their own businesses has also dipped to a record low. More →

September 20, 2019

Managers lack confidence in their ability to develop employee skills

by Neil Franklin • News, Workplace

Despite acknowledging the importance of new skills, 45 percent of managers don’t feel confident in their ability to develop the skills employees need today, according to a poll by Gartner. In addition to a lack of confidence, Gartner research also claims that managers lack time to coach their direct reports, with managers spending on average 9 percent of their time on developing their direct reports. More →

July 31, 2019

Concerns about future of work not enough to dampen worker confidence

by Neil Franklin • Flexible working, News

New research from ADP claims that the UK workforce feels confident, stable and well trained. The findings point to a more positive workforce that has continuously strengthened since the financial crash. Despite worries about the future of work generally, optimism has grown with just 27 percent of respondents reporting feeling very optimistic about their future in the workplace in 2019, up from 12 percent in 2012. More →

June 17, 2019

Worker confidence in the UK jobs market falls

by Neil Franklin • News, Workplace

The Monster Jobs Confidence Index, published for the first time by jobs board Monster.co.uk and the Centre for Economics and Business Research (Cebr), claims that workers and job seekers confidence in the UK labour market has dropped by 10 percent, from 77 percent to 67 percent. The report defines confidence as how an individual feels about their ability to find a suitable job in the short-term, realise their career potential and build a better future for themselves.

May 21, 2019

Overconfidence can be misinterpreted as competence, claims study

by Mark Eltringham • News, Workplace

The higher a person rates their social class, the more likely they are to overestimate their talents and the more likely they are to be promoted to a level beyond their competence, a new study from researchers at Stanford and the University of Virginia claims. According to the study published by the American Psychological Association in the Journal of Personality and Social Psychology, people who see themselves as being in a higher social class tend to have an exaggerated belief that they are more adept than their equally capable lower-class counterparts, and that overconfidence can often be misinterpreted by others as greater competence in important situations, such as job interviews.

March 12, 2019

UK jobs boom set to end as finance and business sectors lose confidence

by Sara Bean • Cities, Facilities management, News, Workplace

The boom in the UK jobs market is coming to an end just as the Brexit countdown reaches its final stages. According to the latest ManpowerGroup Employment Outlook Survey, the national Outlook for the second quarter of 2019 has fallen to +4 percent, on a par with the weakest levels of confidence seen in recent years. More worryingly, the negative Outlook in the Business and Financial services sector – which employs nearly a fifth of all UK workers – suggests jobs are set to be lost in Britain’s most important sector. The report found that the Finance and Business Services sector has fallen five points to -1 percent, only the second time in the last decade it has been in negative territory.

November 30, 2018

Business confidence linked to attitudes towards digital transformation

by Mark Eltringham • News, Technology

A report published by Vodafone suggests there is a clear link between digital transformation and levels of business confidence in the UK. 79 percent of business leaders say digital transformation is a strategic priority and are keen to exploit its full potential. Organisations that prioritise digital transformation are also more confident about future growth. Of those business who see digital as a low-priority, only 17 percent are very confident about their future growth; for those who see digital transformation as a high-priority, this figure almost triples to 50 percent. The Digital, Ready? report surveyed 2,001 business leaders across the UK, from sole traders through to large enterprises and the public sector. It found that a fifth have already successfully implemented digital transformation projects; and more than half believe they are making good progress (53 percent). 69 percent recognise that their organisation will not survive if they fail to embrace digital transformation.

September 18, 2018

Report finds negative impact of gender and age on confidence of managers

by Sara Bean • News, Wellbeing, Workplace

A fifth (20 percent) of female managers admit they would rather be managed by a male colleague and unsurprisingly given that opinion, the same proportion worry their gender hinders people’s confidence in them. The data, commissioned by AVADO also revealed that age played a part in management attitudes, with 68 percent of young leaders (20-24) saying they felt their age hindered colleague’s confidence in them as a manager. However, when asked about who they perceive to make the better managers, respondents said it would be the person who was most qualified to do the job (44 percent. By contrast almost half of men (48 percent) said that they were very confident in their management skills, compared to 30 percent of women.