Search Results for: pay ratio

December 4, 2019

A quarter of workers would accept a significant pay cut to work in an eco-friendly role

Rising interest in climate change among the UK population has now reached such a level that our desire to take action is impacting our careers – with over a quarter of workers (26 percent) willing to take a salary cut in order to move to an environmentally conscious company or an NGO (non-governmental organisation), according to a new survey from TotalJobs. An additional 28 percent said they would consider quitting their job to work with for an organisation they considered to be more environmentally friendly than their current one, a figure that jumps to 50 percent when applied to millennial workers, aged between 23 and 38. (more…)

December 3, 2019

Manifesto calls for action on disability inclusion as pay gap for disabled people widens

by Neil Franklin • News, Wellbeing

A leading non-profit disability and business organisation is calling on the future Government to commit to a series of actions to support businesses to deliver on disability inclusion. Business Disability Forum published its ‘Manifesto for Inclusive Change’ today (3 December) to mark the United Nations International Day of Persons with Disabilities. The manifesto calls for action in seven areas to ensure that the role businesses play in disabled people’s lives is enhanced, not inhibited, by government policy. To read Business Disability Forum’s ‘Manifesto for Inclusive Change’ go to www.businessdisabilityforum.org.uk . Follow the debate at #DisabilitySmart. (more…)

July 10, 2019

The growing problem of work separation anxiety

by Jenni Wilson • Comment, Flexible working, Wellbeing

While it’s stated full-time working hours in the UK should be around 38-40 hours per week, today’s hyperconnected world means it’s easier than ever to be ‘on the clock’ outside this timeframe. Constant access to emails and the corresponding ‘telepressure’ to respond quickly to customers and colleagues means the line between ‘work time’ and ‘me time’ is blurred. This has led to the coining of a new term for the rising epidemic of stress linked to this need to be connected to work. It’s called work separation anxiety.

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May 31, 2019

Jobs and pay on the rise, despite economic uncertainty

by Marie Hillen • News, Workplace

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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May 8, 2019

Workers tend to choose job happiness over pay

by George Eltringham • News, Wellbeing

Wrike has published a report From Positivity to Productivity: Exposing the Truth Behind Workplace Happiness (registration), which claims to offer new insights on what makes employees happy in a rapidly changing, digital workplace. The report sets out to challenge what it says are common myths about levels of happiness at work. The happiest employees – those that identify as being “elated” with their job – report diversity is above average in their workplace and say “doing meaningful work” is the most critical factor in their happiness, ranking even higher than compensation. (more…)

March 21, 2019

Performance-based pay linked to employee mental-health problems, study suggests

by Neil Franklin • News, Wellbeing

In what its authors claim is the first big-data study combining objective medical and compensation records with demographics, researchers at Washington University in St. Louis and Aarhus University in Denmark discovered once a company switches to a pay-for-performance process, the number of employees using anxiety and depression medication increased by 5.7 percent over an existing base rate of 5.2 percent. (more…)

March 19, 2019

Demotivated workers would be driven by higher pay and more flexibility

by Sara Bean • Flexible working, News, Workplace

Almost a third (31 percent) of UK professionals state that their expectations are ‘not being met at all’ by their current employer, whilst a further 24 percent state that their needs are only just ‘moderately’ being met. The findings, which come from research undertaken by recruiter Robert Walters and job board CV-Library – also suggest that while the amount they were paid was most important to staff, other benefits are increasingly playing a more prominent role in keeping staff motivated. Well over half (61 percent) claimed that work-life balance, flexible working hours (39 percent), and cultural fit (25 percent) are crucial to keeping them happy at work. (more…)

December 14, 2018

Bruntwood launches design now, pay later service for occupiers

by Neil Franklin • Company news, Property, Workplace design

Property and flexible office firm Bruntwood has launched ‘Made & Managed’ which it claims is a service enabling occupiers to benefit from a ‘design now, pay later’ approach to designing and creating bespoke offices. The service is based around the idea that tenants absorb design and fit-out costs into a monthly bill, meaning no upfront costs.

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December 5, 2018

Government report calls time on late payments, addresses productivity puzzle

by Mark Eltringham • Facilities management, News, Property

The culture of late payment by large firms has led to the failure of many small businesses in the UK and prevented even more from thriving and improving their productivity, according to a parliamentary select committee report published today. The Business, Energy and Industrial Strategy (BEIS) committee has called on the government to enforce tougher measures on large firms who treat small businesses “disgracefully” by enforcing long payment terms or paying their suppliers late. The Small businesses and productivity report said that, for an SME to succeed, it is crucial they are paid fairly and on time.

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June 12, 2018

Pay rates for senior management reflect longer working hours argues CMI

by Sara Bean • Flexible working, Legal news, News, Workplace

Business Secretary Greg Clark proposed new laws in Parliament yesterday (June 11^th) that new large firms will have to justify their chief executives’ salaries and reveal the gap to their average UK worker. It means that for the first time, UK listed companies with more than 250 UK employees will have to disclose and explain this difference – known as ‘pay ratios’ – every year. However, according to data published today by the Chartered Management Institute (CMI) and XpertHR, basic salaries for senior managers have fallen in real terms, with inflation overtaking pay increases for the first time in five years. At a time when government are shining a light on executive pay, and linking it via a ratio to workforce pay, separate CMI research has found managers worked an extra 44 days a year last year over and above their contracted hours – up from 40 days extra in 2015. The same research found 59 percent of managers are ‘always on’, frequently checking their emails outside of work and one in 10 had been forced to take sick leave because of stress.

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February 26, 2018

Almost a third of UK workers would prefer flexible working to a pay rise

by Sara Bean • Flexible working, News, Workplace

Nearly a third of UK employees would prefer flexible working to a pay rise, with three quarters saying that the option of working flexibly would make a job more attractive to them, claims a new study. The research, conducted by Powwownow found that 75 percent of workers would favour a job that gives their employees the option to work flexibly – up from 70 percent in 2017. A majority, (81 percent) of women say that flexible working would make a job more appealing – with almost half (45 percent) strongly agreeing that they would favour a job that offers flexible working. Male workers also find the option to work flexibly attractive when considering a role, with 69 percent saying that they would view employers who offer flexible working more favourably. The research also found that Millennials are the most likely to want the option to work flexibly, with 70 percent wishing they were offered it, compared to less than half (47 percent) of over 55’s.

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February 19, 2018

Employers support post-Brexit immigration system that tackles skills and labour shortages

by Sara Bean • News, Workplace

Demand for labour is likely to remain relatively strong in the near-term which is one of the main reasons why employers support a national approach to tackling the UK’s skill and labour shortages post-Brexit, in comparison with a regional or sectoral one. According to the latest quarterly Labour Market Outlook from the CIPD and The Adecco Group the preference for a national labour or skills shortage occupation scheme reflects the main reason given by organisations for employing EU nationals, which is that they have difficulty finding local applicants to fill lower skilled roles, as cited by 18 percent of employers. The national survey of more than 2,000 employers found that the relative majority of employers (41 percent) would prefer a UK-wide immigration system that is based on national labour or skill shortage occupations in the likely event of migration restrictions once the UK leaves the European Union. In contrast, around one in ten (13 percent) favour a sector-based policy and just 5 percent would back a regional policy.