Search Results for: recession

Rising costs will oblige more companies to offer flexible working

Rising costs will oblige more companies to offer flexible working

Two thirds of UK businesses believe offering flexible working to their employees is crucial if they are to successfully retain and attract talentTwo thirds of UK businesses believe offering flexible working to their employees is crucial if they are to successfully retain and attract talent, according to a new report. Businesses don’t believe they cannot compete on salary alone and are instead offering flexibility to stay competitive. Over half (52 percent) of businesses have increased salaries to attract talented workers, but say wages rises can’t continue at the rate they have been going. The second Future World of Work report from Sonovate is based on quantitative research from 4,000 people and 500 small and medium-sized business owners, as well as qualitative interviews with commentators from the future of work, employment and fintech sectors. More →

Glassdoor announces winners of best place to work awards

Glassdoor announces winners of best place to work awards

Glassdoor has announced the winners of its annual Employees’ Choice AwardGlassdoor has announced the winners of its annual Employees’ Choice Awards, honouring the Best Places to Work 2023 across the UK and four other countries. The Glassdoor Employees’ Choice Awards are based on the input of employees who voluntarily provide anonymous feedback by completing a company review about their job, work environment and employer over the past year. More →

How businesses can support employee wellbeing over a difficult festive period

How businesses can support employee wellbeing over a difficult festive period

Wellbeing at ChristmasWhen we think about the festive period, the financial pressures that Christmas brings, amid rising energy bills and not having enough to eat shouldn’t be first and foremost on our minds. With thirty million people employed by businesses in the UK, that is a huge number of employees who could benefit if employers acted now to support them and their wellbeing. This winter has been extremely challenging for many people across the UK. And for the first time since 2009, the UK is in recession. More →

Third of employees won’t switch off over Christmas, even though the boss wants them to

Third of employees won’t switch off over Christmas, even though the boss wants them to

An illustration of employees in Christmas hats sitting in front of a computerA poll of over 2,000 UK office workers by Slack and YouGov claims there is a ‘worrying disconnect’ between bosses and employees on work expectations during the Christmas period. The majority (83 percent) of UK bosses, with leadership responsibilities, say they will encourage people to switch off during the holiday season. But, despite this, a third (32 percent) plan to be online and available to work during the holiday season—even when they have time off. More →

Workplaces are plagued by classism, report claims

Workplaces are plagued by classism, report claims

Toffs and Toughs famous photo that illustrate class divide and classismA new poll claims to highlight the need to tackle classism at work, with 57 percent of employees witnessing discrimination or a lack of inclusivity in the last year alone. A third of UK employees say classism is active in their workplace, according to the 2022 Diversity & Inclusion in the Workplace Report from Wildgoose. The report is based on a survey of employees from 133 UK workplaces. It asked if their workplace is an inclusive environment, what areas of diversity their organisation could improve upon, and whether they have experienced discrimination or inequality in the workplace. More →

Hybrid working is now an essential part of many job offers

Hybrid working is now an essential part of many job offers

A bunch of carrots to illustrate how firms are using hybrid working and other benefits to attract talentA new US study conducted by IWG  claims that employers view the hybrid working model as an essential part of their toolbox when it comes to recruitment, hiring and retention, with nearly 95 percent of HR leaders saying it is an effective recruitment tool. Released today, the ‘HR Leaders & Hybrid Working Report’ examines findings from a poll of more than 1,000 HR professionals at managerial and board level. More →

Major new report offers snapshot of hybrid and remote work debate in the US

Major new report offers snapshot of hybrid and remote work debate in the US

Two colleagues in a coworking space to illustrate how hybrid and remote work is changingOwl Labs and Global Workplace Analytics have just released their sixth annual State of Remote Work report. Based on a survey of over 2,300 full-time workers across the United States, the report reveals the latest trends and perspectives on a range of issues from remote work and hybrid work, trust, intent to move, training offered, workplace redesign, intent and reasons for quitting, technology needs, employee surveillance, the 4-day workweek, and more.

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Corporate real estate sector facing up to tough year ahead

Corporate real estate sector facing up to tough year ahead

A person walks down an empty street in a central business district to reflect concerns about corporate real estateCorporate real estate business confidence and expectations of profitability have dropped to a low level, reflecting widespread industry concerns across an array of indicators for the business, political and real estate environments. Emerging Trends in Real Estate Europe 2023 is the twentieth annual survey by the Urban Land Institute (ULI) and PwC UK of European real estate sector leaders’ expectations for the year ahead. Based on the views of around 900 real estate leaders from across Europe, the report claims that 91 percent concerned about inflation, closely followed by interest rate movements (89 percent) and European economic growth (88 percent). Political uncertainty at the global, regional and national levels are of high concern as well. More →

Economic uncertainty kills talk of quiet quitting and the great resignation

Economic uncertainty kills talk of quiet quitting and the great resignation

Two people sit in an office talking, relaxed in chairs with no suggestion of a great resignation or quiet quittingIn spite of all the talk of a ‘great resignation’ and ‘quiet quitting’, more than three quarters of British workers (81 percent) are planning to ride out the recession with their current employer. This is in spite of the fact that nearly half (46 percent) say that they’d like to change jobs, according to a new poll from people analytics company Visier. When asked why they wouldn’t be keen to change job roles during a recession, concerns over job security in a new role (57 percent), having to settle for a lower salary compared to a current role (42 percent), and increased competition for current vacancies as a result of increased redundancies (28 percent) were cited as the leading reasons. More →

Skills shortages won’t be solved by offering people more money

Skills shortages won’t be solved by offering people more money

skills shortagesAs businesses across the country face rising costs, new research from the CIPD and Omni warns that using pay to attract talent simply isn’t enough to tackle on-going skills shortages. While an increasing number of organisations (54 percent) are inflating pay to retain talent, this approach is not sustainable for most employers in the face of rising costs. To tackle the skills shortage, organisations need to highlight other components of good working practices when recruiting, such as offering flexible working and promoting career development opportunities. For instance, the latest Resourcing and Talent Planning survey shows that 68 percent of employers that offer hybrid/ remote working say it has allowed their organisation to attract and retain more talent.  More →

Digital transformation of small businesses could provide massive economic boost

Digital transformation of small businesses could provide massive economic boost

digital transformationThe new Digital Britain [automatic download] report from Sage claims that over half of Britain’s economic potential from tech adoption is as yet untapped. But ongoing concerns amongst small and medium sized business about cost, skills and knowledge are holding them back from taking on the digital transformation that will ensure their success and provide a massive boost to the economy. The report claims that the use of technology by small and medium businesses (SMBs) contributes £216 billion to the UK economy; but if SMBs unlock the full benefits of technology, this could add an extra £232 billion, boosting the value of tech use to the UK economy by almost double to £448 billion annually. More →

Why the over 50s are leaving the workforce in huge numbers

Why the over 50s are leaving the workforce in huge numbers

over 50s leaving workThe UK economy has a problem with its over 50s: following the COVID pandemic, they have been leaving the labour force en masse, causing headaches for businesses and the government. Roughly 300,000 more workers aged between 50 and 65 are now “economically inactive” than before the pandemic, leading a tabloid paper to dub the problem the “silver exodus”. Being economically inactive means that these older workers are neither employed nor looking for a job. Of course, it could simply be that workers saved more during the pandemic and can now afford to retire in comfort earlier than planned. More →