Search Results for: labour market

What gets measured in the workplace, gets managed

MeasureAre we finally seeing the first signs of the end of the downturn?  Earlier this week the Government announced that UK unemployment had fallen. While I know there have been quibbles about what this all meant, other data from specific market sectors backs up the idea that we may be seeing some tentative causes for hope.  One of the most heartening was last week’s survey from Randstad which reported growing levels of optimism among financial services firms about their prospects and the fact that the majority would be increasing headcount this year.

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UK employment rises but pay rates are squeezed

pay squeeze

The UK employment rate is now higher than in the United States and is well above that in the Eurozone. However, pay levels remain low, with basic pay inflation now at just 1.3 per cent. According to the latest figures from the Office for National Statistics long-term unemployment fell by 15,000 this quarter to its lowest level for nearly a year. Nigel Meager, Director at the Institute for Employment Studies, commented: “The UK stands in contrast to developments in the Eurozone, where employment and unemployment figures are continuing to deteriorate.” More →

Flexible working bolstering employment growth in UK

Jobs

Employment will continue to grow in the first quarter of 2013, despite stalled economic growth. According to the latest Chartered Institute of Personnel and Development (CIPD)/SuccessFactors Labour Market Outlook the proportion of employers that intend to increase total staffing levels remains positive for the first quarter of 2013. Gerwyn Davies, Labour Market Adviser at the CIPD, said: “While muted pay growth is playing a part, we also see continued evidence that employers are reluctant to lay-off skilled workers.” He added: “Some employers are clearly using flexible working and reduced hours to adapt to trading conditions.” More →

Cabinet for Core Cities looks to reshape the English economy

A newly formed Cabinet of Core Cities met for the first time in Liverpool on Friday, seeking to reshape England and call on the Government to work with it to maximise the economic potential of the regions by creating a more balanced economic structure for the country and develop policies that would create jobs and investment. The cities represent the urban centres of Manchester, Nottingham, Newcastle, Birmingham, Leeds, Liverpool, Bristol and Sheffield.

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People don’t hear back from half of the jobs for which they apply

People don’t hear back from half of the jobs for which they apply

British job seekers don’t hear back from almost half (45 percent) of the jobs they apply for, according to a new poll from Indeed. According to ONS data, there are 916,000 job vacancies in the UK, but with frustrations around the hiring process, these aren’t set to be filled quickly or effectively. The survey of 1,000 working people and 1,000 hiring professionals in the UK shows that the hiring process is inefficient for both job seekers and businesses, delaying the right candidate being matched with the right role. More →

A philosophical take on meaningful work

A philosophical take on meaningful work

But what exactly makes a particular job an instance of “meaningful work”? Is it just any sort of work people happen to believe is meaningful? Or is it a job with certain objective features?Work is an inescapable feature of the modern world. Most of us, except for a lucky few, spend a significant portion of our lives working. If this is the case, we may as well try and make it meaningful. In a 2019 report, 82 percent of employees reported that it is important to have a purpose in their work and that creating meaningful work was one of their top priorities. But what exactly makes a particular job an instance of “meaningful work”? Is it just any sort of work people happen to believe is meaningful? Or is it a job with certain objective features? More →

London Mayor sets out ambitious plans for Capital’s growth and reinvention

London Mayor sets out ambitious plans for Capital’s growth and reinvention

Sadiq Khan, the Mayor of London, is today launching an ambitious plan aimed at creating 150,000 high-quality, well-paid jobs by 2028. This initiative will be unveiled alongside the shadow chancellor, Rachel Reeves. Reeves will say that a Labour administration intends to reset the relationship between the national government and London, while Khan thinks what is good for London is good for the UK. More →

The challenge for fit-out firms is to deliver best value despite supply chain challenges

The challenge for fit-out firms is to deliver best value despite supply chain challenges

Whilst industry supply and demand dynamics may have found a level of equilibrium since the pandemic, geopolitical tensions, economic disruptions, and an unstable domestic policy environment continue to have an impact on the office fit-out marketThe past year has been a challenging one for London’s commercial fit-out market. Whilst industry supply and demand dynamics may have found a level of equilibrium since the pandemic, geopolitical tensions, economic disruptions, and an unstable domestic policy environment continue to have an impact. In tandem with this, the commercial fit-out market is adapting to changing needs; from accommodating hybrid working models to growing demands for sustainability and reuse, the workplaces of today are ever changing. More →

Working parents yearn for more flexibility in their jobs

Working parents yearn for more flexibility in their jobs

over three quarters (77 percent) of working parents remain passionate about their job, but in a bid to establish more flexibility in their working lives, nearly 9 in 10 (88 percent) would be interested in more part time or flexible opportunitiesResearch commissioned by the Department for Education’s Teach in Further Education campaign claims to set out the top three factors working parents consider when looking for a job. Work life balance came out on top (70 percent), while flexible working hours (43 percent) and a job where they can use their existing skills (26 percent) also ranked highly. More →

To boost productivity in the UK, we need to think big and different

To boost productivity in the UK, we need to think big and different

olicymakers, businesses, and society must recognise the importance of productivity and collaborate to implement the necessary reforms and initiatives to unlock the country's full economic potentialThe decline in UK productivity since the Great Recession of 2008/2009 has been a matter of concern for business leaders, policymakers, and economists alike. Despite hopes that the pandemic would act as a catalyst for transformation and boost productivity, recent figures from the Office for National Statistics (ONS) show that the UK still lags behind several other G7 economies. More →

Office refurbishments rise to all time high in London

Office refurbishments rise to all time high in London

The volume of all London projects including both office refurbishments and new space is up by almost 80 percent, with the West End continuing to lead the wayAccording to the latest London Office Crane Survey from Deloitte, London has seen the highest volume of new office refurbishments since records began in 2005, with 37 new schemes covering 3.2 million sq. ft. The volume of all projects including both office refurbishments and new space is up by almost 80 percent, with the West End continuing to lead the way. The report claims that over 10 million sq. ft. is now projected to be delivered during 2023, with this year on track to catch-up after several years of disruption. More →

UK productivity continues to drag despite variations across sectors

UK productivity continues to drag despite variations across sectors

The UK has seen a significant dip in productivity growth since the Global Financial Crisis of 2007-8, according to a new report from PwC UKThe UK has seen a significant dip in productivity growth since the Global Financial Crisis of 2007-8, according to a new report from PwC UK. However, this new analysis also highlights sectoral differences in productivity growth, with some sectors performing better than others in recent years. The slowdown in manufacturing productivity is also shown to have played a significant role in the fall in economy-wide productivity, but there is positive sentiment amongst manufacturers, with almost 1 in 5 expecting to see gains of 10-25 percent in the coming year. According to PwC UK’s new UK Productivity Tracker, a lack of sustained investment expenditure may be behind the UK’s weak performance. More →