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

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.

More →

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

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.

More →

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

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.

More →

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

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?

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?

Four in ten low income working parents have gone into debt to pay for childcare

Four in ten low income working parents have gone into debt to pay for childcare

The Working Families Index 2023: Spotlight on lower-income families reveals that many working parents on lower incomes are forced to go into debt, reduce their hours, or leave their jobs altogether due to problems affording and accessing childcareA new poll from Working Families in partnership with law firm Pinsent Masons, sets out to highlight the challenges that lower-income parents in the UK face as they balance work and caring for their children. The Working Families Index 2023: Spotlight on lower-income families reveals that many working parents on lower incomes are forced to go into debt, reduce their hours, or leave their jobs altogether due to problems affording and accessing childcare. The report also claims that working mothers on lower incomes take far less maternity leave than the UK average, and that working parents on lower incomes are often locked out of the flexible arrangements they desperately need to stay in work and earn vital income whilst balancing their childcare responsibilities. More →

Around a quarter of jobs will shift over the next five years, WEF report claims

Around a quarter of jobs will shift over the next five years, WEF report claims

Almost a quarter of jobs are expected to switch in the next five years according to a new report from the World Economic ForumAlmost a quarter of jobs are expected to switch in the next five years according to a new report from the World Economic Forum. Its Future of Jobs Report for 2023 suggests that employers anticipate 69 million new jobs to be created and 83 million eliminated among the 673 million jobs corresponding to the dataset, a net decrease of 14 million jobs, or 2 percent of current employment. The data is an extrapolation of data from 803 employers employing around 11 million people. More →

People responding to artificial intelligence by focussing on their ‘human skills’

People responding to artificial intelligence by focussing on their ‘human skills’

Globally, workers are focused on developing their human skills, even as they see a future dominated by technology-driven work, artificial intelligence and automationGlobally, workers are focused on developing their human skills, even as they see a future dominated by technology-driven work, artificial intelligence and automation, according to a new study from Pearson. For the latest edition of the Pearson Skills Outlook series [registration], Pearson partnered with Google to examine how and why people in the US, UK, India, and Brazil are looking to upskill as they face a rapidly changing economy. More →

Flexible working is the new “work-life currency”, claims new report

Flexible working is the new “work-life currency”, claims new report

A new report, Future of Work Life, from Ericsson Consumer & IndustryLab explores the ways in which employees and employers navigate the current work environment and their views on the future of work shaped by the pandemic, digitalisation and the fluctuating labour market. Almost half (48 percent) of the employees in the study say that they enjoy increased flexibility at work. 52 percent consider flexible work hours or locations as key requirements, and 25 percent say that flexibility is the top priority if they would start to look for a new job. Doing work rather than going to work is seen as central in this new way of thinking about work life. More →

Generative artificial intelligence set to boost GDP but could affect 300 million jobs

Generative artificial intelligence set to boost GDP but could affect 300 million jobs

The latest developments in generative artificial intelligence could replace the equivalent of 300 million full-time jobsThe latest developments in generative artificial intelligence could replace the equivalent of 300 million full-time jobs, a report by investment bank Goldman Sachs claims. The authors suggest that the technology could replace around a quarter of the work tasks carried out in the US and Europe but may also mean new jobs and a productivity boom. The report claims that the tech could increase total annual value of goods and services produced globally by 7 percent. More →

The UK workplace sector reacts to the Spring Budget 2023

The UK workplace sector reacts to the Spring Budget 2023

The workplace sector in the UK has been reacting to the announcements in the Spring budgetToday the UK’s Chancellor of the Exchequer, Jeremy Hunt presented his Spring Budget to the House of Commons. In it he announced what her referred to as his ‘four pillars’ of industrial and productivity strategy, namely: ‘Enterprise’, ‘Employment’, ‘Education’, and ‘Everywhere’. Perhaps the headline element of this announcement was the creation of twelve new investment zones across the UK as well as incentives for older workers to return to the country’s patchy workforce. This includes£63m for programmes to encourage retirees over 50 back to work, “returnerships” and ‘skills boot camps’. Another headline for the workplace sector was the offer of improved childcare arrangements, especially for the parents of very young children, who will see 30 hours of free childcare expanded to include one and two-year-olds. More →

Poor air quality affects chess players, and it might be affecting you too

Poor air quality affects chess players, and it might be affecting you too

Air pollution poses such a threat to strategic thinking under pressure that chess players often monitor the air quality of their surroundings.Humans are exposed to poor air quality and pollution almost everywhere. The World Health Organization estimate that 99 percent of the world’s population breathe in polluted air each day. Chess players competing indoors are no exception – and it can affect their performance. A recent study conducted by researchers from Maastricht University (Netherlands) and the Massachusetts Institute of Technology (USA) analysed the quality of chess moves across multiple German chess tournaments. They found that chess experts perform worse when there is more particulate matter (PM2.5) in the air. More →

Translate >>