Search Results for: jobseekers

Jobs and pay on the rise, despite economic uncertainty

Jobs and pay on the rise, despite economic uncertainty

by • News, Workplace

Jobs and pay on the rise, despite economic uncertainty

The last three months have seen steady growth in the number of advertised jobs on offer, despite Brexit uncertainty, according to the latest UK Job Market Report from Adzuna. Pay rates are also on the rise, as average UK advertised salaries have outpaced inflation rates of 2 percent. Compared to the average salary on offer in April 2017 (£32,678), wages have been boosted 9.3 percent. Competition for jobs has also fallen to a record low, with a ratio of 0.21 jobseekers per vacancy in April. This means there are around five times more jobs being advertised than workers looking for new roles, the highest rate recorded since Adzuna began collecting the data seven years ago. Competition for jobs is now significantly lower than the ratio of 0.43 jobseekers per vacancy recorded a year ago, with the talent war showing no signs of letting up.

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Tech workers would quit jobs for better work-life balance

Tech workers would quit jobs for better work-life balance

by • Flexible working, News, Technology, Workplace

Tech workers quit jobs for better work-life balanceThe tech sector is facing high departure rates as employees’ complain of work impinging on their home life, coupled with a lack of learning & development opportunities. It’s been estimated that vacancies already outweigh skilled talent in the UK tech industry, where there are an estimated 600,000 vacancies. Yet nearly two-thirds (62 percent) of tech workers say they would quit their job to achieve a better work-life balance. The research from CWJobs of over 1,000 IT workers also discovered that  this is even more important to Gen Z (aged 16-24), where seven in 10 (72 percent) would leave a company if this was compromised.

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The workplace world responds to the UK Autumn Budget

The workplace world responds to the UK Autumn Budget

by • News, Property, Workplace

Yesterday, the Chancellor Philip Hammond announced the details of the UK government’s latest budget. While Brexit and austerity inevitably cast their shadows over the whole thing, there were a number of announcements relevant to the workplace, construction, tech and built environment sectors, some of which have been broadly welcomed by commentators, industry bodies and experts. Some are decidedly less popular. Among the announcements in the budget were new plans for infrastructure and property, skills and training, tax regimes for the self-employed, productivity, business rates and mental health.

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Training and flexible working are the keys to staff retention

Training and flexible working are the keys to staff retention

by • Flexible working, News, Workplace

Firms are more likely to improve levels of staff retention if they increase their investment in training, and introduce more flexible working practices, according to a survey by the British Chambers of Commerce (BCC) and recruitment company Indeed. The survey, of over 1,000 businesspeople across all sizes or organisation and sectors, shows that just under half (42 percent) of businesses would invest in training and developing their staff in order to increase staff retention, while 38 percent would look to introduce flexible working practices, from flexible hours and remote working to job-sharing.

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There are at least some reasons to be optimistic about the UK’s tech sector post Brexit

There are at least some reasons to be optimistic about the UK’s tech sector post Brexit

by • Comment, Property, Technology, Workplace design

Making detailed predictions about the economic consequences of Brexit has proved a mug’s game many time over the past couple of years. The most accurate summation of what is happening might be ‘mixed’. Most recently, a report from the CBI has highlighted the resilience of many sectors while bemoaning a lack of skills in the economy. Meanwhile former Commercial Secretary to the Treasury Lord O’Neill also recently conceded that the UK economy had been more robust than he had expected following the Brexit vote, which he attributed primarily to the thriving world economy. An argument almost immediately dismissed by the economist Ruth Lea writing for the LSE, who put forward a more nuanced and mixed explanation. The same picture of tempered resilience is also evident in specific sectors, and especially those that were seen as the most likely to feel the consequences of the Brexit vote, including London’s crucial tech sector.

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Returnship programmes offer parents route back into work, yet only 4 percent of employers offer them

by • Flexible working, News, Workplace

A totaljobs study of 2,600 jobseekers and nearly 100 employers claims that while a ‘returnship’ initiative can offer a valuable route back into the workforce for anyone taking a break in their career, their success is hindered by a lack of awareness, rather than a lack of interest. The study found that 85 percent of employers are not aware of returnship programmes despite the fact that two thirds of recruiters believe they would offer returnships if they were incentivised by the government and 72 percent of employees would consider a returnship programme if they’d taken a break from the workforce.

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Millions of unemployed over 50s struggle more than young people for jobs

by • Flexible working, Legal news, News, Wellbeing, Workplace

New data published today shows that the over 50 age group experience an ‘unemployment trap’ – meaning they are more likely to be out of work than younger age groups, and once unemployed they struggle more than younger jobseekers to get back into employment. Currently almost a third of 50-64 year olds in the UK are not in work – some 3.3 million people. Within this, 29 percent are recorded as ‘economically inactive’ – not engaged in the labour market in any way – which is more than twice the rate of those aged 35-49 (13 percent). It is estimated that around one million of the over 50s who are out of work left employment involuntarily due to issues such as ill health, caring responsibilities or redundancy. Some 38 percent of unemployed over 50s have been out of work for over a year, compared to 19 percent of 18-24 year olds and the Centre for Ageing Better claims that employment support is failing this age group.

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Nearly half of UK workers lack the digital skills needed by most jobs, despite the rewards on offer

Nearly half of UK workers lack the digital skills needed by most jobs, despite the rewards on offer

by • News, Technology

Almost half (43 per cent) of UK adults don’t possess the digital skills required by most jobs, according to the latest Barclays Digital Development Index. The study of 6,000 adults and separate 88,000 job adverts, revealed that nearly two-thirds (63 per cent) of jobs now require basic digital skills such as word processing, database, spreadsheet or social media skills, but 57 percent of UK jobseekers can’t match them to a satisfactory level. This is in spite of the fact that employers are willing to pay a premium for those workers whose IT skills go beyond the basic to include more developed skills such as programming and software design. Staff with these skills can typically expect to command £10,000 more per year over their career. Skills in graphic design, data and 3D modelling can earn people an extra £3,000 per annum.

 

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Job vacancies are on the rise, but pay and productivity remains stagnant

Job vacancies are on the rise, but pay and productivity remains stagnant

by • Legal news, News, Workplace

Job vacancies are on the rise but pay and productivity remains stagnantUK employment is predicted to grow strongly in the third quarter of 2017, but wage growth is likely to remain weak, according to the latest CIPD/The Adecco Group Labour Market Outlook. Although the UK labour market remains buoyant, basic pay award expectations for the next 12 months remain at just 1 percent. Put against the backdrop of poor productivity growth, the report points to an increase in labour supply over the past year as a key factor behind the modest pay projection. This is driven by relatively sharp increases in the number of non-UK nationals from the EU, ex-welfare claimants and 50-64 year olds. This increase in labour supply may explain why the jobs market remains challenging for some jobseekers, especially those seeking lower-skilled jobs. Employers report a median number of 24 applicants for the last low-skilled vacancy they tried to fill, compared with 19 candidates for the last medium-skilled vacancy and eight applicants for the last high-skilled vacancy they were seeking to fill. Overall, employers felt that around half of applicants were suitable for each role they were trying to fill.

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People who are not economically active should be helped into the gig economy claims think tank

People who are not economically active should be helped into the gig economy claims think tank

by • Flexible working, News, Wellbeing

Following last week’s publication of the Taylor Review into modern working practices, a new study from public sector think tank Reform makes recommendations for how government should help people into the gig economy, with a focus on those who are often economically inactive or restricted in the opportunities they have. In the report, Gainful Gigging, older and disabled people are explored as potential winners from recent growth in flexible working. Both groups are significantly less likely than average to be economically active, and many face significant work barriers. Around half of all 50-64 year olds manage at least one long-term health condition. Of the 3 million in this age group that are economically inactive, around 12 per cent spend over 20 hours per week looking after a sick, disabled or elderly person. Greater work flexibility could help them to enter the labour market, according to the report’s authors. In a survey of disability benefit claimants, many indicated that “flexible work, working from home [and] working less than 16 hours per week” would help them sustain employment. A review of the Work Capability Assessment for sickness benefits also found half of those deemed ‘fit for work’ require flexible work hours.

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Minimum wage should be extended to the self employed and gig economy

Minimum wage should be extended to the self employed and gig economy 0

by • Flexible working, News

The government should extend minimum wage legislation to protect some of the UK’s 4.8 million self employed workforce as part of its drive to tackle low pay and insecurity in the modern workforce, according to a new report published by the Resolution Foundation. The Minimum Required? – which forms part of the Resolution Foundation’s submission to the Taylor Review on modern employment practices – sets out a number of proposals to tackle endemic levels of low pay among the self-employed. Its new analysis claims that that while around in one in five employees are low-paid (earning less than two-thirds of typical weekly earnings), last year around half of the full-time self-employed workforce (49 percent) fell below this threshold, earning less than £310 a week.

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Number of UK job vacancies are at their highest level since November 2015

Number of UK job vacancies are at their highest level since November 2015 0

by • Legal news, News, Workplace

The number of job vacancies across the UK now stands at its highest level since November 2015, according to the latest UK Job Market Report from Adzuna.co.uk. There are 1,179,586 openings currently being advertised, with just 0.44 jobseekers for every vacancy; while salaries – now sitting at £32,678 – have also been showing signs of recovery, increasing month-on-month since the start of 2017, which suggests the previous decline in wage growth may have been a temporary lull. While wage growth is picking up positive momentum, advertised wages still remain behind 2016 levels.  Indeed, a third of UK vacancies were impacted by recent increases in National Living Wage when it rose from £7.20 to £7.50 on April 1st.  Both Labour and the Conservatives have made pledges to increase the National Minimum Wage in their recently published manifestos. Admin (64 percent), catering (59 percent) and customer service (71 percent) are the sectors that the increase has affected most significantly.

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