Search Results for: labour

What is the evidence for the benefits of basic income?

What is the evidence for the benefits of basic income?

basic incomeThe idea of giving everybody something called basic income – an unconditional, regular income – has become increasingly popular in the last few years, partly because employment has become less secure and people fear that increasing automation may cause job losses across many sectors. (more…)

Average worker does nearly £7,000 worth of unpaid overtime a year

Average worker does nearly £7,000 worth of unpaid overtime a year

unpaid overtimeUK employers claimed £35 billion of free labour last year because of workers doing unpaid overtime, according to an analysis of official statistics published today by the TUC. More than 5 million people put in an average of 7.6 hours a week in unpaid overtime during 2019, it claims. On average, that equates to having £6,828 taken out of individual pay packets. (more…)

UK squandering workers’ potential through lack of training

UK squandering workers’ potential through lack of training

workplace trainingThe UK is ignoring the value of millions of workers by overlooking workplace training and opportunities to upskill, a new survey has suggested. According to the Missing Millions report from City & Guilds Group, a third of employees have either not received workplace training in the last five years or have never had any such training – equating to 17.8 million people in the UK with outdated skills. The result, the report claims, is declining productivity and problems remaining competitive. (more…)

Report examines challenges of international expansion

Report examines challenges of international expansion

international growthThree quarters of organisations say access to market opportunities is their key motivation for international expansion, according to a report. Businesses also named access to specialist skills as one of the main factors that influence their international growth ambitions (cited by 67 percent), alongside proximity to suppliers and resources (66 percent) and access to affordable labour (55 percent). (more…)

London office rents to rise due to “Boris bounce”

London office rents to rise due to “Boris bounce”

London office rentsRents for new, Grade A office space are likely to rise in many parts of London this year, a property consultancy has predicted. According to Carter Jonas, rents for prime located, new, mid-rise, Grade A space above 5,000 sq ft will typically increase by £1.50 – £2.50 per sq ft per annum by the last quarter of 2020 across most of the London office sub-markets. The forecast increases are being underpinned by continued low vacancy rates and unexpectedly strong demand as business confidence increases following the general election. (more…)

Public sector hiring intentions at 12-year high

Public sector hiring intentions at 12-year high

An increase in hiring intentions among public sector employers looks set to support further employment growth in the UK, according to a report from the CIPD and the Adecco Group. The latest quarterly Labour Market Outlook survey suggests that public sector employment growth is expected to increase in line with the private sector for the first time since 2008. (more…)

Majority of people living in poverty are in a working family

Majority of people living in poverty are in a working family

povertyMore than half of the people in the UK classified as living in poverty are members of a working family. According to the Joseph Rowntree Foundation’s state of the nation report on poverty in the UK, poverty has risen for children and pensioners over the last five years. Although employment has increased, in-work poverty has also gone up because often people’s pay, hours, or both are not enough. (more…)

End of Brexit uncertainty boosts London commercial property market

End of Brexit uncertainty boosts London commercial property market

commercial propertyLondon is set for an increase in commercial property investment in 2020 as international investors target the capital’s high-yielding office market, following the decisive 2019 UK General Election result. According to the latest research from Knight Frank, investors have increased the total capital targeting London commercial assets to £48.4bn, a 21 percent rise on 2019 and £2bn higher than 2018. However, with just £2.3bn of buildings for sale, investors will face strong competition, which is expected to drive values higher in 2020. (more…)

Can corporate culture help reduce workforce burnout?

Can corporate culture help reduce workforce burnout?

burnoutIt may not always be evident to those working in logistics, but burnout doesn’t exist solely in supply chain recruitment – it’s a recognised condition which is having an impact across all industries and sectors.  According to the Labour Force Survey, the UK lost 15.4 million working days in 2017/18 to work-related stress, depression or anxiety, with 239,000 new cases reported. Increasingly, severe cases are being recognised as ‘burnout’. (more…)

Gig economy workers should not all have equal rights

Gig economy workers should not all have equal rights

gig economyPolicy makers should beware of classifying all gig economy workers as “employees”, a new research report has claimed. Such workers vary in age, income and education in a similar way to the traditional workforce and crafting regulations that treat both fully committed and occasional gig workers as one group is unlikely to be an efficient solution, the report from IZA World of Labor contends. (more…)

Changing world of work yet to reshape expectations of young people

Changing world of work yet to reshape expectations of young people

Huge changes to the world of work over the past two decades have made little impact on teenagers’ career expectations, which have become more concentrated in fewer occupations, according to a new OECD report. Dream jobs: Teenagers’ career aspirations and the future of work says 47 percent of boys and 53  percent of girls surveyed in 41 countries expect to work in one of just 10 popular jobs by age of 30. The figures, based on the latest PISA survey of 15-year-olds released last month, reveal a narrowing of expectations as these shares increased by eight percentage points for boys and four percentage points for girls since the 2000 PISA survey. (more…)

Self-employment hits the 5 million mark for the first time

Self-employment hits the 5 million mark for the first time

women are spearheading the rise in self-employmentUK job growth was the strongest in nearly a year in the three months to November, according to new government data. The Office for National Statistics said the strong jobs growth reflected a particularly weak three-month period to August when jobs fell, but the data also showed the employment rate hit a record high of 76.3 percent with jobs growth driven particularly by self-employment and the numbers of women in full time work. (more…)