Search Results for: employees

Financial stress can impair employee performance and attendance

Financial stress can impair employee performance and attendance

Financial stress can impair employee performance and attendance

Businesses that fail to tackle their employees’ financial stress are more likely to encounter poor work performance, lack of engagement, mental health issues and staff absenteeism, a new report from Neyber has claimed. Since last year, there has been a significant increase in the number of employees affected by financial worries; up from 58 percent to 63 percent, as well as those with less than one month’s savings; up from 24 percent to 32 percent. This stress on individuals is having a severe business impact. One in four employees said they had lost sleep over money troubles in the last year, one in ten said that they couldn’t focus on work and 6 percent said they had had to take time off work. All this adds up to a substantial cost for employers to bear. Neyber has calculated that the lost productivity and increased absence and employee turnover associated with financial stress costs UK companies in the region of £120.7 billion every year.

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Flexibility, daylight and a well-designed office are amongst most desirable workplace features

Flexibility, daylight and a well-designed office are amongst most desirable workplace features

Capital One has published the results of its latest survey of US full-time professionals for their thoughts on workplace design and the working environment as it relates to their productivity, innovation and collaboration with colleagues. According to the resulting 2018 Work Environment Survey of 3,500 office based respondents in urban centres across the US, many value flexibility and workplace design, particularly when evaluating whether to stay at their current job or consider a new employment opportunity. Employees also place a great deal of focus on technology, design elements such as lighting and agile workspaces, and personal wellbeing.

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New research suggests that the confidence gap between men and women is a myth

New research suggests that the confidence gap between men and women is a myth

The confidence gap between men and women is a myth, according to Laura Guillén, Professor of Organisational Behaviour at ESMT Berlin, because women viewed as self-confident aren’t more likely to get ahead. For women, gaining influence at work is more closely tied to their warmth and caring than the appearance of self-confidence. Laura’s research, in collaboration with Margarita May of IE Business School and Natalia Karelaia of INSEAD, examined high-performing workers in a male-dominated technology company that employs more than 4,000 people worldwide. The research also suggests women are expected to care for others on top of their workload, whilst men are held to a lower standard of key performance indicators.

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Absenteeism at record low and it may be because people are worried about their jobs

Absenteeism at record low and it may be because people are worried about their jobs

A new report from the Office for National Statistics suggests that the number of sickness days taken by UK workers has almost halved over the past two decades to reach a record low. It dropped from an average of 7.2 days in 1993 to 4.1 days in 2017, and had been steadily falling since 1999. The total days lost for all workers last year was 131.2 million, down from 137.3 million in 2016 and 178.3 million in 1993. Since the recession, sickness absence rates have declined by 0.5 percentage points to 1.9 per cent last year. The reasons are not explored in the report but one possible explanation would be the growing number of people prepared to work when they should really take time off. A May report from the CIPD claims that the number of companies reporting a rise in employees going into work when they were ill had more than tripled since 2010 and warned that organisations should do more to discourage “presenteeism”.

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Google should be an example to all when it come to interactive workplace design

Google should be an example to all when it come to interactive workplace design

Google is known to be a wonderland for tech professionals everywhere. It is a sought after and coveted workplace, which is designed to cater to the individual. Comparably has recently named Google as the “tech company with the best corporate culture”, but how does this culture work beyond the realms of the Google institute? The question that many employers are asking is, does the Google culture really work? And is it sustainable for a normal business? Company culture has become a focus for recruiters and hiring managers, but if we break this down what does it actually mean? Company culture is shaped by the employees for the employees and should work in collusion with the services a business is providing. Google’s company culture model is based around flexibility and the freedom to be creative in a fun environment.

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The satisfaction of self-employed people depends on skills development rather than business growth

The satisfaction of self-employed people depends on skills development rather than business growth

Developing skills and knowledge is more important for self-employed people’s sense of career progression than increasing their rate of pay, a new report by IPSE (the Association of Independent Professionals and the Self-Employed) and the IPA (the Involvement and Participation Association) claims. The report, Working well for yourself: What makes for good self-employment?, surveyed 800 people across the country about what constituted ‘good work’ for them. First of all, it found that work satisfaction levels are remarkably high among the self-employed. This reinforces the findings of a 2015 CIPD Employee Outlook survey, which showed that general work satisfaction is higher among the self-employed (81 percent) than employees (61 percent).

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Driverless vehicles will be on our roads within three years, claim industry experts

Driverless vehicles will be on our roads within three years, claim industry experts

Car companies, ride-hailing services and car industry technology suppliers each have their own prediction for when driverless cars will be ready to take to highways and city streets. Consultancy BDO has carried out a meta-analysis of a range of predictions and forecasts and concludes that autonomous vehicles will arrive in early 2021. There are some differences though, according to thh authors. Averaging out the predictions, car companies think that driverless technology will be ready around 2 am on June 11th, 2021. Ride-hailing services and technology suppliers are a bit more optimistic. They predict that autonomous car technology will be ready by midnight, March 14th, 2020.

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MPs say more effort needed to tackle widespread sexual harassment in workplace

MPs say more effort needed to tackle widespread sexual harassment in workplace

More effort needed to tackle widespread sexual harassment in workplace say MPsSexual harassment in the workplace is widespread and commonplace, with unwanted sexual behaviours such as sexual comments, touching, groping and assault seen as an everyday occurrence and part of the culture in workplaces, and the Government, regulators and employers are failing in their responsibilities to tackle the problem says an influential group of MPs. Employers and regulators have ignored their responsibilities for too long, found the Women and Equalities Committee following a wide-ranging six-month inquiry and often legal protections are not available to workers in practice. The Committee found that despite 40 percent of women and 18 percent of men having experienced unwanted sexual behaviour in the workplace there has been a failure to tackle unlawful behaviours, despite the Government’s obligations under international law. The report calls on Government to focus on five priorities to put sexual harassment at the top of the agenda for employers.

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CBI counsels a common-sense approach to managing staff during heatwave

CBI counsels a common-sense approach to managing staff during heatwave

CBI counsels a common-sense approach to managing staff in heatwaveAt the risk of stating the obvious, with the Met Office suggesting temperatures could reach their peak on Friday (27 July) in some areas of the UK, Britain’s largest employer organisation is encouraging companies to consider ‘a range of measures to keep employees comfortable during the heatwave’. Matthew Fell, CBI Chief UK Policy Director, said: “While the current hot spell has provided welcome fillip for consumer-facing sectors, large numbers of employees are feeling the heat as they carry out their day-to-day tasks, especially those working outdoors. Responsible employers take the welfare of their employees very seriously, particularly during this unusual weather. Companies can help keep their employees cool by considering a range of measures, from flexible working to help those with punishing commutes to relaxed dress codes, so staff feel more comfortable in their place of work. Ultimately a common sense approach is needed, as some employees will have less flexibility than others, for example those wearing safety equipment on construction sites. In all cases, staff should have easy access to drinking water as temperatures soar to help keep them healthy and productive.”

New study claims to confirm the benefits of sit-stand workstations

New study claims to confirm the benefits of sit-stand workstations

A new study suggests that height adjustable or sit-stand workstations may be beneficial in reducing sedentary behaviour and supporting health outside the workplace. The study’s results have been published in the International Journal of Workplace Health Management. Funded by the American Society of Interior Designers (ASID) Foundation’s Transform grant, interim study results were announced on the ASID website last year. The final study, “Stand Up to Work: Assessing the Health Impacts of Adjustable Workstations,” found that sit-stand workstations are linked to increased productivity, better mental concentration, and improved overall health in employees who used sit-stand desks over a 12-month period. Most employees reported that the sit-stand desks had a positive impact on their health outside the workplace.

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New code of practice for employers to improve health and wellbeing for staff

New code of practice for employers to improve health and wellbeing for staff

BSI, the business standards company, has launched a new code of practice for organisations to help tackle a crisis in the mental health and wellbeing of Britain’s workforce. 137 million working days were lost to sick leave in the UK in 2016, with organisations spending £9 billion each year on sick pay and associated costs. The cost of ‘presenteeism’ – where employees attend work whilst ill and do not work efficiently – has also risen sharply in recent years. The code of practice, PAS 3002, provides recommendations to establish, promote, maintain and review the health and wellbeing of workers within an organisation. It considers how health and wellbeing should be incorporated into the working environment and how leadership can ensure health and wellbeing related services are available to employees.

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Businesses told to consider the interests of workers and other stakeholders in new code

Businesses told to consider the interests of workers and other stakeholders in new code

The Financial Reporting Council (FRC) has published its new Corporate Governance Code in a bid to improve trust in UK business. The new Code will remain on the “comply or explain” basis mandatory for which it has been criticised in the past, but has been broadly welcomed by industry bodies. The code sets out a number of recommendations aimed at improving culture and trust in business, of which it suggests at least one be applied. They include having a director appointed from the workforce, a formal workforce advisory panel and a designated non-executive director. The Code will apply to accounting periods from January 2019 and is applicable to all companies with a premium listing.

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