Search Results for: labour market

Brexit leads to ‘softening’ of employment market, claims CIPD survey

Brexit leads to ‘softening’ of employment market, claims CIPD survey 0

by • News, Public Sector, Workplace

BrexitThe UK’s decision to leave the EU has resulted in a softening in hiring intentions and businesses should invest in skills immediately, according to the latest CIPD/Adecco Group UK & Ireland Labour Market Outlook. The report is based on employer sentiment in the two weeks before and after the EU Referendum and claims that employers surveyed ahead of the vote were somewhat more optimistic about hiring intentions than those surveyed afterwards. It suggests that the proportion of employers expecting to increase staffing levels over the next three months dropped from 40 percent pre-Brexit to 36 percent following the vote. The net employment balance, based on the difference between the share of employers expanding their workforce and those reducing it, dropped from +21 pre-Brexit to +17 post-Brexit. However, the fall was significantly sharper among private sector employers, with the post-Brexit employment balance declining to +25 from +39.

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Worldwide BIM market to reach US$11.54 billion by 2022, claims report

Worldwide BIM market to reach US$11.54 billion by 2022, claims report 0

by • Architecture, Facilities management, News, Property

BIMAccording to a new market report published by Transparency Market Research Building Information Modelling (BIM) Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2015 – 2022, the global BIM market was worth US$2.76 bn in 2014 and is expected to reach US$11.54 bn by 2022, expanding at a CAGR of 19.1 percent from 2015 to 2022. North America was the largest market for BIM in 2014. Growth in this region is expected to be driven by increases in construction activities and the penetration of cloud-based services for BIM software. BIM is a tool used to visualize the design of buildings in 3D. BIM also helps in attaining estimates of various other factors, such as cost implementation, time requirement, labour requirement, raw material provision, and other key prerequisites in the construction industry. Management of the entire construction lifecycle can be simulated by BIM.

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Lack of flexible working options is distorting the job market for women

by • Flexible working, News, Workplace

flexible working womanUK employers and their female employees are missing out on a range of opportunities because of their failure to implement better flexible working arrangements, according to a report from The Institute for Public Policy Research (IPPR). The report examined flexible working across Europe and found that while significant progress had been made in the UK, nearly two thirds (64 percent) of working women are unable to vary their working hours and a quarter (25 percent) claim it is difficult to take one or two hours from their day at short notice. The report claims the pent up demand for such working arrangements restricts employment opportunities for women compared to men, means more women are working in jobs below their skill level and creates the conditions for extensive underemployment.

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Labour demand growing, but many employers prefer to increase hours not people

by • News, Workplace

Employment experts give cautious welcome to job increase figuresThere was a fall in unemployment of 18,000 to 2.49 million from March to May of this year according to the latest figures published today by the Office for National Statistics (ONS). Between June and August 2013 the unemployment rate dropped from 7.8 per cent to 7.7 per cent, with a slight rise in total pay of 0.7 per cent. Although the news was welcomed by employment experts, Nigel Meager, Director of the Institute for Employment Studies pointed out that while employment increased by 0.9 per cent in the last year, the number of hours worked in the economy grew faster; and CIPD Chief Economist Mark Beatson commented that there is no sign yet that increased demand for staff were leading to higher wages. More →

Video: A new kind of job market, or the commoditisation of work?

by • Comment, Workplace

At a TED talk delivered in London at the end of 2012, Wingham Rowan, project director of Slivers-of-Time, a ‘work marketplace’, says that websites such as his are thriving by bringing together what he terms ultra-flexible workers with employers to deliver short periods of work on specific tasks. The question is: whether this is a valuable tool in providing flexible work opportunities for appropriate people or the most advanced example we yet have of how labour is increasingly commoditised, casualised and disposable?

Two in five people say they aren’t paid enough to make ends meet

Two in five people say they aren’t paid enough to make ends meet

by • News, Workplace

A new report from Indeed, released two weeks ahead of the UK General Election, suggests that more than 2 in 5 (42 percent) Brits are struggling to make ends meet. According to the survey of over 2,000 British people, those in the North East of England feel most comfortable, with less than a third (32 percent) struggling, while almost half (48 percent) of those in Scotland say their pay isn’t keeping pace.  More →

The fastest growing job occupation in the US isn’t what you think it is

The fastest growing job occupation in the US isn’t what you think it is

by • AI, News, Workplace

a new report argues that AI cannot replace every job occupation, and the latest data from the US labour market proves itThe rise of artificial intelligence and its impact on the job market has raised concerns around the world, with some predicting that up to 85 million jobs would be replaced with automation and AI. However, a new report argues that AI cannot replace every job occupation, and the latest data from the US labour market proves it. According to data presented by Stocklytics.com, home health and personal care aides are expected to be the fastest-growing occupation in the United States in the near future, with more than 800,00 new jobs by 2032. More →

GenAI is already driving down demand for freelancers

GenAI is already driving down demand for freelancers

by • News

New research from Imperial College, Harvard and the German Institute for Economic Research looks at the impact of GenAI technologies on the demand for freelance creative professionals The demand for freelancers working in writing, and coding related jobs has dropped by 21 percent since the launch of ChatGPT in November 2022, according to new research by Imperial College Business School, Harvard Business School and the German Institute for Economic Research. This research paper, Who is AI Replacing? The Impact of Generative AI on Online Freelancing Platforms, looks at the impact of GenAI technologies on the demand for creative professionals who work on an hourly basis for different clients. More →

Since the pandemic, people now work six fewer months over the course of their lives

Since the pandemic, people now work six fewer months over the course of their lives

by • News, Wellbeing

As the UK government warns that the state pension age might need to rise, a new report from the the International Longevity Centre UK (ILC) claims that, between 2019 and 2022, people’s work span in the UK fell by 6 months. The report argues that, to enable more people to stay healthy and be in work for longer, the next government should invest more in preventing ill health, supporting people to stay in work and building healthier behaviours. More →

‘The Big Stay’ – it’s time to invest in employees, not to cut costs 

‘The Big Stay’ – it’s time to invest in employees, not to cut costs 

by • Comment, Workplace

The Great Resignation is over. That’s according to the latest Labour Market Outlook report from the CIPD, as reported by Workplace Insight. But we could have told you this was simply a post-Covid correction in any case. Data from the report shows 55 percent  of employers are looking to maintain their current headcount, while analysis of turnover from the ONS Labour Force Survey points to lower staff attrition in 2024. Declining staff turnover is being dubbed The Big Stay. More →

The Great Resignation has given way to The Big Stay, says the CIPD

The Great Resignation has given way to The Big Stay, says the CIPD

by • Flexible working, News, Workplace

The luxury belief that was  the so-called Great Resignation, appears to be over, even if you assume it ever existed.The luxury belief that was  the so-called Great Resignation, appears to be over, even if you assume it ever existed. Workers are increasingly staying put in their current jobs and more employers are holding steady on staffing levels as the labour market slows, according to the CIPD’s latest Labour Market Outlook report. The survey shows more than half (55 percent) of employers are looking to maintain their current staff level – the highest level since winter 2016/17. The CIPD’s new report, based on a quarterly survey of 2,009 employers, also cites data from the ONS vacancy survey and analysis on turnover from the Labour Force Survey, with all indicators pointing to lower staff attrition in 2024 and trends returning to pre-pandemic levels. More →

Large increase in the number of people who say they are experiencing burnout

Large increase in the number of people who say they are experiencing burnout

by • News, Wellbeing

The number of Britons who say they are experiencing stress or burnout in the workplace doubled in 2023 compared to the previous year, according to a pollThe number of Britons who say they are experiencing stress or burnout in the workplace doubled in 2023 compared to the previous year, according to a poll from Indeed Flex. According to the survey, 92 percent of UK employees say they have experienced burnout or stress in the workplace during their careers. However the strain has grown rapidly as post-pandemic labour shortages intensified workloads. In 2023 the proportion of UK workers grappling with poor mental health skyrocketed to 37 percent, almost double the 19 percent who experienced problems during 2022. A fifth (19 percent) of workers say they have suffered from burnout or stress in 2024 so far. More →

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