Search Results for: salary

Simple fact: less complex workplaces increase levels of employee engagement

Simple fact: less complex workplaces increase levels of employee engagement

workplace

Organisations that invest in simplifying their workplace benefit from greater trust, advocacy, innovation and retention among employees. Yet despite this, 30 percent of employees find their workplace complex and difficult to navigate, claims a recent study conducted by Siegel+Gale. According to the study, organisations that communicate clearly from the top their purpose, values and business goals tend to be simpler. These workplaces convey how employees’ roles impact relationships with clients and ultimately, drive business results.

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Quarter of UK managers would take a pay cut for a job with a clear purpose beyond profit

Quarter of UK managers would take a pay cut for a job with a clear purpose beyond profit

Quarter of UK managers would take a pay cut for job with purpose beyond profitMore than a quarter of managers (27 percent) in British companies would likely accept a salary cut to work for a company that has a clear purpose beyond profit a new report claims.  A third (32 percent) would actually consider leaving their job if a greater purpose was unclear, while more than half (53 percent) would if their company’s values and purpose didn’t align with their own. The YouGov survey, commissioned by Danone UK, highlights the importance of having a defined company purpose that marries commercial success with social progress.  The findings support a new report by not-for-profit think tank Tomorrow’s Company and Danone UK, that explores the importance of having a purpose beyond profit in helping companies to prosper in the face of workplace challenges created by an uncertain world. The Courage of their Convictions is built from interviews with senior leaders from within some of the UK’s biggest purpose-driven brands, including Danone, John Lewis, Mars, Philips, Tata Consultancy Services and Unilever.

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Majority of staff say employers must do more to support their physical and mental wellbeing

Majority of staff say employers must do more to support their physical and mental wellbeing

Majority of staff say employers should do more to support physical and mental wellbeingMore than half of working adults believe that UK businesses are not doing enough to support the physical and mental wellbeing of their employees. The vast majority (86 percent) believe that firms are specifically not doing enough to help employees deal with work-related stress, anxiety and other mental health issues. And with seven out of 10 of those surveyed by Westfield Health saying that the NHS does not have the budget to provide wellbeing services, such as health check-ups and cognitive behavioural therapy, almost three quarters agreed it would be a good idea for a portion of their National Insurance contributions to be redirected towards employee wellbeing programmes. More →

Lack of effort by UK employers to retain staff is increasing talent turnover

Lack of effort by UK employers to retain staff is increasing talent turnover

Lack of effort by UK employers to retain staff is resulting in high talent turnover

UK employers are facing increasing levels of staff turnover with one in seven (14 percent), or roughly 4.5 million employees predicted to seek a new job in near future, according to research carried out by Robert Half UK. Employers have registered this shift with almost three in five (61 percent) reporting an increase in voluntary employee turnover in the last three years. The research also showed that over half (51 percent) expect employee turnover to increase in the next three years. Yet many businesses still fail to employ basic retention initiatives. Only half (47 percent) of organisations run training and development programmes to help build employees’ skills and support career development, while most don’t have any programmes in place to support employee wellbeing or reward performance. Organisations are also missing out on valuable insight from their departing employees, with more than four in five (83 percent) failing to undertake exit interviews.

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Greater attention must be paid to office design to attract younger talent

Greater attention must be paid to office design to attract younger talent

Greater attention must be paid on the aesthetics of an office to attract younger talentOver a fifth (21 percent) of 18-24 year olds admit that they have rejected a potential employer because of the poor design of the office or lack of amenities available, while 34 percent in the same age group would be willing to commute for a maximum of one hour each way to an office that is considered perfect – compared to 22 percent of 45-54 year olds. The research, commissioned by Mindspace, found that 16 percent of 18-24 year olds have actually left a job because of how poorly designed the office was in one of their previous roles. Overall, nearly a third (31 percent), of workers are bored with their current office environment and feel uninspired at work, with 28 percent of workers describing their place of work outdated and dull. The research also found that while most workers had access to amenities such as a kitchen (72 percent), meeting rooms (66 percent) and free tea & coffee (53 percent), what UK office workers desire the most to improve morale is more natural light, air conditioning and improved interior lighting.

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Gender pay gap could in part be due to women’s lack of confidence in seeking job progression

Gender pay gap could in part be due to women’s lack of confidence in seeking job progression

Gender pay gap could be due to women’s lack of confidence in seeking job progression

A new survey that confirms the ongoing gender pay gap with stats that show men are paid 42 percent more than women after ten years in workforce, goes on to suggest that the reason is not just to do with a lack of diversity but the attitude of women moving up the corporate ladder. The report from Adzuna claims that British men are significantly more confident than women in furthering their career. The career progression confidence gap between the genders widens greatest with those who have more than ten years’ experience in the workplace, with men twice more likely than women to hold a top job. The research analysed 500,000 CVs submitted through Adzuna’s ValueMyCV tool, comparing the gender and estimated pay grade with number of years’ experience in each respective industry. The research also highlights a disparity in the average salary commanded by men and women for the same position with the same number of years in experience.

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Over half of younger managers prefer using digital communications to deal with staff

Over half of younger managers prefer using digital communications to deal with staff

Over half of younger managers prefer using digital communications to deal with staffOnline messaging is the most common way for millennial bosses to communicate with their direct reports, with over half (55 percent) preferring to use this digital method, followed by email at 28 percent, a new survey claims. Only 14 percent said their favoured way to communicate is in person, and 3 percent said via phone. As millennials (born 1981-1996) increasingly moving into management positions, the new Korn Ferry survey also found that when interviewing for management positions, millennials say that making an impact on organisational culture is most important to them, with salary being the least important. The survey also found that compared with Gen Xers and Baby Boomers, knowing what is coming next is critical for millennial bosses. Nearly three quarters (74 percent) said a clear advancement path (e.g. next two positions) is more important for millennial bosses, with 49 percent saying it is much more important.

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Google is the gold standard employer in UK tech sector but small brands can still compete

Google is the gold standard employer in UK tech sector but small brands can still compete

Google 'gold standard' in tech sector but smaller brands can still compete, suggests reportGoogle has been named the Ideal Employer among tech professionals in the 2018 Dice UK Ideal Employer Report. While market leaders including Microsoft, Apple, Amazon, Facebook and IBM are placed highly, the report suggests that smaller tech brands can also attract the top talent through benefits including yoga, in-house cafeterias and more. For many technology professionals, Google is the gold standard employer, with a perfect mix of competitive salary, perks, benefits and interesting work, something smaller companies can learn from. The survey of 464 tech professionals found that simple office upgrades including yoga, colourful furniture and other positive innovative cultural perks can help smaller companies attract the best talent, even if smaller in size. Good work/life balances, open communications and manageable working hours also ranked highly.  More →

Productivity, retention and employee wellbeing improve when there is workplace trust

Productivity, retention and employee wellbeing improve when there is workplace trust

Quarter of employees have left their jobs because of a lack of trust

Being in a reliable work environment increases retention, productivity and employee wellbeing, while also promoting a better business culture, finds new research from Bupa. An examination of workplace trust and the impact on employee wellbeing reveals that over half (53 per cent) of employees considered it to be a major factor in whether they stayed or left a company. The research found that nearly a quarter of UK employees (24 per cent) have left their company due to issues around trust. Although trust is not a tangible workplace benefits, such as salary and bonuses, it is an essential variable in promoting harmony and productivity within an organisation and the study suggests how important it is within the workplace, and also the contribution it makes to the wellbeing of employees and the overall performance of a company. The study also asked employees how trust compares to other company benefits. Nearly two thirds (62 per cent) believe that trust is more important than a gym membership or company mobile, while over half value it more than a free canteen (56 per cent) and company car (55 per cent).

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Millions of UK workers unaware of employer’s policy on statutory sick pay

Millions of UK workers unaware of employer’s policy on statutory sick pay

Millions of UK workers unaware of employers policies on statutory sick pay

Over 2.5 million UK workers are unaware of their employer’s policy on statutory sick pay and would face a significant salary shortfall if they were unwell and unable to work, claims new research from Direct Line.  Just 4 percent of employees know how much they would be paid in statutory sick pay if they fell ill and many mistakenly believe that on average they would receive full salary for three and a half months if they were unable to work due to illness. In fact, 43 percent of firms reduce an employee’s wages to statutory sick pay after two weeks of an employee being off sick and one in six firms reduce wages to statutory sick pay after just four days. It is not only salaries people lose out on if they are off sick; one in five (21 percent) firms that pay bonuses withhold these if an employee has been off work on long term sick leave. More than a third of firms (33 percent) will pay bonuses based on pro-rata analysis of days worked and 14 per cent will pay a discretionary reduced rate.

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Two fifths of people think their jobs will be obsolete within a decade

Two fifths of people think their jobs will be obsolete within a decade

A new survey from job site Jobbio claims that more than two fifths of British workers think their job will be obsolete in as little as ten years, compared to over a third of those in the US. Respondents believe roles such as travel agents, telemarketers and factory workers will all disappear. in the longer term, a little over two-fifths of 2,000 British respondents (41 percent) think that they won’t be able to retire until the ages of 70-74 in 2050 with less than a fifth (14 percent) thinking they will get to retire under the age of 65. The survey focuses on the issue of happiness and what makes people happy at work. It found that there are some marked differences between the two countries although people are universally keen to address the issue of work life balance.

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Global economy faces an immediate reskilling problem in the face of automation, claims Davos report

Global economy faces an immediate reskilling problem in the face of automation, claims Davos report

The global economy faces a reskilling crisis with 1.4 million jobs in the US alone vulnerable to disruption from technology and other factors by 2026, according to a new report, Towards a Reskilling Revolution: A Future of Jobs for All, published by the World Economic Forum. The report is an analysis of nearly 1,000 job types across the US economy, encompassing 96 percent of employment in the country. Its aim is to assess the scale of the reskilling task required to protect workforces from an expected wave of automation brought on by the ‘Fourth Industrial Revolution’. Drawing on this data for the US economy, the report finds that 57 percent of jobs expected to be disrupted belong to women. If called on today to move to another job with skills that match their own, 16 percent of workers would have no opportunities to transition and another 25 percent would have only between one and three matches.

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