Search Results for: labour

Financial centres in UK cities outside London are set to suffer most from Brexit

by • Cities, News

Although news reports about the impact of Brexit on the UK’s financial services sector have focused almost exclusively on London, a new report from the Centre for Cities claims that the decision to leave the EU will have a disproportionately larger impact on the centres in the UK’s other major cities, which employ two thirds of all people in the sector. The report explores the financial and professional services sectors in cities across the UK, and looks at what the relationships are with London-based firms in these industries. The report by the think tank supported by the City of London Corporation London: The geography of financial services in the capital and beyond looks at how much individual cities across the UK export in services, and what proportion of these services exports came from the financial sector.

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Home Offices launches Brexit toolkit for employers to support EU settlement programme

Home Offices launches Brexit toolkit for employers to support EU settlement programme

by • News, Workplace

Employers, industry groups and community groups in the UK will be able to give EU citizens practical advice on how to apply for settled status in the wake of the Brexit vote with the help of a new toolkit published by the Home Office. The toolkit will be published on GOV.UK and contain how-to guides, briefing packs, practical plans, leaflets and posters. The Home Secretary launched the toolkit at the Home Office last night (Tuesday 24 July) at a gathering of some of the UK’s biggest employers of EU citizens, as well as industry bodies, local government agencies and community groups, many of whom played a key part in developing the toolkit.

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European Parliament backs new rules for flexible working for parents

European Parliament backs new rules for flexible working for parents

by • Flexible working, News

Flexible workingThe European Parliament has approved new rules for paternity leave, non-transferable parental leave and measures for flexible working in a bid to improve the current work/life balance of parents and carers across EU member states. These rules are also hoped to address the under-representation of women in parts of the labour market, increase incentives for fathers to take up family-related leave and to foster gender equality and equal opportunities. MEPs claims this will benefit children and a family life, whilst reflecting societal changes more accurately and promoting gender equality.

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Training and flexible working are the keys to staff retention

Training and flexible working are the keys to staff retention

by • Flexible working, News, Workplace

Firms are more likely to improve levels of staff retention if they increase their investment in training, and introduce more flexible working practices, according to a survey by the British Chambers of Commerce (BCC) and recruitment company Indeed. The survey, of over 1,000 businesspeople across all sizes or organisation and sectors, shows that just under half (42 percent) of businesses would invest in training and developing their staff in order to increase staff retention, while 38 percent would look to introduce flexible working practices, from flexible hours and remote working to job-sharing.

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New study flags health and wellbeing risks for the self-employed

New study flags health and wellbeing risks for the self-employed

by • News

The Good Life Report, a study by AXA Business Insurance into Britain’s boom in self-employment, claims that tradespeople have better than average mental health but their work style brings increased physical risks, particularly high blood pressure. According to the AXA study of self-employed people, those in the building trades report the best mental wellbeing. Just eight per cent say their work causes them stress – four times lower stress rate than among UK workers overall, and half the stress rate for self-employed people in desk-based jobs.
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New era ahead for corporate real estate strategy, claims CBRE report

New era ahead for corporate real estate strategy, claims CBRE report

by • Facilities management, News, Property

The period to 2040 will bring profound and far-reaching changes to corporate real estate portfolios according to CBRE. The new report Portfolio 2040, claims to approach the issue from a portfolio perspective, examining how business, buildings and perhaps even cities themselves, might look in 20 years’ time. One of the key drivers for change is identified as pervasive availability, and creative use of very high-volume data and the growth of AI, enabling companies to adapt almost instantaneously to external change and offer increasingly personalised solutions. Rapid and fluid specialisation, either temporary or permanent, will characterise most businesses and real estate will need to reflect this by being increasingly flexible, multipurpose and rapidly adaptable.

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Improving employment of older people could boost UK GDP by £180bn 

Improving employment of older people could boost UK GDP by £180bn 

by • News, Wellbeing, Workplace

GDP could be boosted by around £180 billion a year if the UK could match New Zealand’s employment rates for the over-55s. While employment of older workers has improved in the UK in recent years, it still ranks only 21st out of 35 OECD countries according to new analysis from PwC. The consultancy’s Golden Age Index is a weighted average of indicators – including employment, earnings and training – that reflect the labour market impact of workers aged over 55. Iceland tops the rankings followed by New Zealand and Israel. For the OECD as a whole, there is a potential $3.5 trillion economic prize from matching New Zealand’s employment rates for the over-55s.

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Employers and government need to work together to address looming Brexit skills gap

Employers and government need to work together to address looming Brexit skills gap

by • News, Workplace

As the UK continues to navigate a period of uncertainty ahead of its exit from the European Union, new research published by the City & Guilds Group and Emsi claims that nine in 10 employers already struggle to recruit the skilled staff they need. With most industries expected to grow between now and 2024, a significant number of skilled workers will be needed to meet demand. However, People Power, a study based on City & Guilds Group interviewing over 1,000 C-Suite employers in the UK and work with Emsi to undertake extensive economic modelling, has found that two thirds of UK employers think that the skills gaps in their businesses are likely to get worse or remain the same in the next three to five years.

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Fewer than half of Australians now work in a traditional job

Fewer than half of Australians now work in a traditional job

by • Flexible working, News, Workplace

Fewer than half of employed Australians now hold a standard, traditional job, according to a new report into the growth of insecure employment published by the Centre for Future Work. The report, The Dimensions of Insecure Work: A Factbook, reviews eleven statistical indicators of the growth in employment insecurity over the last five years: including part-time work, short hours, underemployment, casual jobs, marginal self-employment, and jobs paid minimum wages under modern awards. It defines a standard job as permanent full-time paid work with leave entitlements. According to the authors, all the indicators of job stability have declined since 2012, thanks to a combination of weak labour market conditions, aggressive profit strategies by employers, and passivity by labour regulators.

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Bosses warned about major leadership changes in a tech-driven economy

Bosses warned about major leadership changes in a tech-driven economy

by • News, Technology, Workplace

Bosses warned about major leadership changes in a tech-driven worldWith companies holding ever greater amounts of data and facing heightened scrutiny through social media, employers need to consider the wider implications of their business decisions. This was the message of the President of the Chartered Management Institute (CMI), who has warned business leaders and students in Birmingham of the challenges facing bosses in the rapidly evolving tech and data-driven economy. Speaking at the annual MacLaren Memorial Lecture at Aston University, Bruce Carnegie-Brown told the 200-strong audience that the digital revolution is having a transformative effect on the priorities of business leaders, which pose new management challenges. “The growth of social media has made an invaluable contribution in democratising the control of information, he said by, “increasing transparency through universalising access to data and doing it in real time”. Carnegie-Brown, who is also the chairman of Lloyd’s of London, added: “With information more accessible than ever before, those that own or collect data find themselves with huge amounts of power – both social and commercial. But with great power comes great responsibility and balancing these two forces is the greatest leadership challenge of today’s generation of business leaders.”

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A 21st Century take on the idea of the time capsule that tells us something about the way we work

A 21st Century take on the idea of the time capsule that tells us something about the way we work

by • Comment

Last December, National Geographic published a story about the discovery of one of the oldest known time capsules. It was concealed by a chaplain of the Cathedral of Burgo de Osma in Spain, in the buttocks of a statue of Jesus Christ. Hidden inside were some documents that detailed life in Spain in the late 18th Century, along with some thoughts on the political and religious systems of the time. Historians have concluded that this was one of the very first time capsules, given that the creator clearly intended it to be discovered at some point in the distant future. This has been the standard approach to time capsules for hundreds of years; a chance to leave behind some artefacts or thoughts for a future generation to learn about the past.

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Employers face increasing challenge in finding the right person for the job warns CIPD

Employers face increasing challenge in finding the right person for the job warns CIPD

by • Flexible working, News, Workplace

Employers face increasing challenge in finding the right person for the job warns CIPD

Employment prospects in the UK are improving, as the number of vacancies in the UK economy remain well above historic average levels, but the CIPD is warning that employers’ demand for skills and labour may not be met by supply. The latest Labour Market Outlook from the CIPD and The Adecco Group shows that employers’ near-term employment expectations have risen to a five-year high. This continued growth in demand for labour, while highlighting employer optimism, is set to lead to a further tightening of the UK labour market for employers, making it harder for them to find the skills and labour they need. Almost two-thirds (61 percent) of employers in the survey said that at least some of their vacancies are proving hard to fill.  By comparison, just over half (56 percent) of employers reported that they were currently having difficulty filling vacancies in their organisation during the same period in 2017. In response, more than a quarter (28 percent) said that they are raising wages to tackle their recruitment difficulties. The report authors also suggest that offering staff more flexible work and collaborative spaces could help with recruitment and retention.

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