Search Results for: cost of living

Younger workers’ CSR ethics don’t necessarily extend to older generation

Younger workers' CSR ethics don't extend to the older generation

Is ageism one of the last bastions of accepted prejudice in the UK? Take the Daily Mail’s “night of the living dead” coverage of the Stones’ Glastonbury performance – deemed acceptable where jokes regarding gender, race or disability are not. A new survey illustrates this attitude. Nearly half of younger workers in a recent poll think older colleagues are in danger of stifling their career prospects by retiring later, that their prolonged presence could damage productivity and that they have very little to teach the younger generation. Yet over half (55 per cent) of Generation Y workers questioned in the poll say the ethical credentials of a company would influence their choice of employer. Since the scrapping of the Default Retirement Age (DRA) the number of over-65s in the labour force has exceeded one million, and the survey, carried out for KPMG by OnePoll warns that tensions could rise as the need for employees to stay in the labour force for longer growing due to social and financial pressures. More →

“Time-bomb” of British workers unhealthy and old before their time

"Time-bomb" of British workers unhealthy and old before their time

Bad lifestyle choices are shaving over four years off British employee’s lives, leaving them unhealthy and old before their time and creating a “time-bomb” for UK employers. According to the wellness survey of 10,000 employees in the UK, 86 per cent of British workers have an average Vitality (health) Age of 4.1 years older than their real age due to unhealthy lifestyles. Vitality Age gives an estimate of years of life lost or gained by taking into consideration the presence or absence of certain risk factors. Nearly a third (31.2 per cent) of employees have three or more risk factors, putting them at serious risk of ill health, and the biggest contributing factors for a higher Vitality Age are lack of physical activity and being overweight.

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UK employment rises but pay rates are squeezed

pay squeeze

The UK employment rate is now higher than in the United States and is well above that in the Eurozone. However, pay levels remain low, with basic pay inflation now at just 1.3 per cent. According to the latest figures from the Office for National Statistics long-term unemployment fell by 15,000 this quarter to its lowest level for nearly a year. Nigel Meager, Director at the Institute for Employment Studies, commented: “The UK stands in contrast to developments in the Eurozone, where employment and unemployment figures are continuing to deteriorate.” More →