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CIPD highlights gap between ‘fat cat’ top earners and the rest of the workforce

CIPD highlights gap between ‘fat cat’ top earners and the rest of the workforce

CIPD highlights gap between 'fat cat' top earners and the rest of the workforceJust three days into the New Year, today (Friday 4 January), the UK’s top bosses will have made more than a typical full-time worker will earn in the entire year, according to calculations from independent think tank the High Pay Centre and the CIPD. The average (median) full-time worker in the UK earns a gross annual salary of £29,574, while the average FTSE 100 CEO, on an average (median) pay packet of £3.9 million, only needs to work until 1pm on Friday 4 January 2019 to earn the same amount. The £3.9 million figure was calculated by the CIPD and the High Pay Centre in their 2018 analysis of top pay and it marks an 11% increase on the £3.5 million figure reported in their 2017 analysis. The pay increase means that FTSE 100 CEOs, working an average 12-hour day, will only need to work for 29 hours in 2019 to earn the average worker’s annual salary, two hours fewer than in 2018.

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Only small number of workers happy with their office temperature

Only small number of workers happy with their office temperature

Only small number of workers happy with their office temperature

Just 16 percent of workers are satisfied with the temperature of their office, while a majority (89 percent) claim they lose productivity if the temperature isn’t quite right, new research suggests.  Nearly half (46 percent) experiencing cold office temperatures say this makes them the most unproductive, according to research by Workthere. Only 8 percent of those based in coworking and shared workspace and 10 percent of staff in leased workspace, believe that their office is always the right temperature, while just 3 percent of respondents revealed they have a separate space to work in if they’re too hot or cold. It seems that keeping warm is the biggest challenge for British office workers with 47 percent admitting to wearing additional layers at their desk and 37 percent often making themselves a hot drink to fight the office chill. A surprising 17 percent of respondents even admitted to bringing in a personal heater to warm up which is a worry for employers, given that it costs £3.43 on average to run a 3 kilowatt heater for eight hours.

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Unhappy workers engage in non-work related activities to get through the day

Unhappy workers engage in non-work related activities to get through the day

Over two thirds (69 percent) of full-time employees in the UK are currently unhappy at work, with the majority (88 percent) admitting to regularly doing non-work related activities to ‘make the day go faster’, new research claims.  Of the 2,101 respondents surveyed, 61 percent stated that the largest distraction at work is gossiping to other co-workers, followed by almost half (45 percent) spending time procrastinating on Facebook and using personal email (44 percent).

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Generations differ on what makes them happy at work but agree on flexibility

Generations differ on what makes them happy at work but agree on flexibility

Generations differ on what makes them happy at work but all want more flexibilityA new survey into happiness at work suggests it is viewed differently according to age. Baby boomers: aspire to have job security and think careers are defined by employers. Gen X: aspire to have a work-life balance and although are loyal to a profession will not necessarily stick with the same employer. Millennials or Gen Y aspire to have freedom and flexibility and are digital entrepreneurs while Gen Z aspire to have security and stability. The report by Instant Offices’ considered what is important to each age group, and how employers approach the age gap. It found that eight in 10 millennials look for a manager to act as a mentor or coach; Baby boomers want a boss to be ethical, fair and consistent, while 61 percent of Generation X, and 55 percent of millennials, think team consensus is important. More →

The best office designs of 2018, the future of work in 2019, and some other clickbait

The best office designs of 2018, the future of work in 2019, and some other clickbait

This week’s beachcomb of the best workplace stories is brought to you in the wake of the first flood of retrospectives and predictions that wash up in the media at this time of year. The first piece of flotsam [sound of a metaphor snapping] is Dezeen’s listing of the world’s best office designs of 2018, which appears to be based on the answers to three questions. Is it a coworking space? Does it look like an office? Is there anybody actually working there? Answer yes, no, no to those three simple questions and you’re in the frame.

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Sociopathic corporations, the office as home, self-promotion anxiety and some other stuff

Sociopathic corporations, the office as home, self-promotion anxiety and some other stuff

There is a theory that when companies talk about issues such as corporate social responsibility they are doing so because it helps them to achieve their business goals. This is the coldly rational thing to do according to people like free market guru Milton Friedman who argues that companies should not actively pursue altruistic ends unless that pursuit is ultimately in the interest of their shareholders. As Friedman puts it: ‘Hypocrisy is virtuous when it serves the bottom line. Moral virtue is immoral when it does not’.

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Economy could achieve significant economic boost by addressing skills gaps in younger people

Economy could achieve significant economic boost by addressing skills gaps in younger people

The UK could boost GDP by around £40 billion a year in the long run if it reduces the number of young people not in education, employment or training (NEET) to match Germany, the best performing EU country. Despite making improvements in recent years, the UK only ranks 19th out of 35 countries across the OECD on a PwC index based on a range of indicators of youth employment, education and training. But this is slightly better than the UK’s ranking of 21st across the OECD on a similar PwC index for older workers released earlier this year. Across England NEET rates vary significantly, reflecting the disparity in educational attainment and job opportunities across the country. In 2017, the West Midlands had the highest NEET rate for 19-24 year olds at 16.7 percent, followed by the North East by 16.3 percent. Meanwhile the South East and South West have the lowest rates, both at 11.5 percent (see table below). More →

2019 will be the year of the data-driven digital ecosystem, claims Dell

2019 will be the year of the data-driven digital ecosystem, claims Dell

Dell Technologies have shared their predictions for 2019. Its central forecast is that this will be the year of the data-driven digital ecosystem, bringing us one step closer to 2030, which Dell describes as the next era of human-machine partnerships and a society where we will be immersed in smart living, intelligent work, and a frictionless economy. This includes: The spark of the next gold rush in tech investments, spurred by the greater value to be derived from data; 5G paving the way for micro-hubs to line our streets, and the opportunity for real-time insights; Multi-cloud environments driving automation, AI and ML processing into high gear; Making room in the workforce for Gen Z; and stronger, smarter and greener supply chains

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Employers to prioritise career development, wellbeing and flexibility

Employers to prioritise career development, wellbeing and flexibility

The majority of employers (97 percent) are planning to maintain or increase how much they spend on employee benefits over the next two years, according to new research published today by the CIPD and LCP. In the latest ‘Reward management’ report, released today, 8 in 10 employers (81 percent) said they intend to spend the same amount on employee benefits over the next two years as they currently do, while 16 percent plan to increase their investment to address staff wellbeing and career development.

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What The Midwich Cuckoos can teach us about Millennials

What The Midwich Cuckoos can teach us about Millennials

Children of the damned

John Wyndham’s 1957 novel The Midwich Cuckoos is the story of a fictional English village in which, following an unexplained event that causes everybody within Midwich to fall unconscious, all of the women in the village fall pregnant and 61 children are subsequently born all at the same time. The children bear absolutely no physical resemblance to their parents, with pale skin, blond hair and piercing eyes. As they grow older it also becomes apparent that they are strange, emotionless and have a telepathic bond with each other. It’s not much of a spoiler to tell you that things don’t go well. The only rationale for what had happened to create the children in the first place is an unexplained incident of xenogenesis – the birth of offspring unlike their parents. Something similar must have happened on a global scale from the beginning of the 1980s onwards, at least based on what we are told about Millennials.

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Biophilic design the key to improving mental health, productivity and stress levels

Biophilic design the key to improving mental health, productivity and stress levels

An expert panel at this week’s Welcome to the Biophilic Concrete Jungle event in London made the case for incorporating the principles of biophilic design into the workplace, including for health and wellbeing considerations, the promotion of productivity and to address workplace stress and urban disconnection from nature. HOK organised the event.  Panellists included Joyce Chan, Head of Sustainability and Trina Marshall, Regional Leader of Consulting from HOK, Professor Derek Clements-Croome from Reading University, Alexander Bond from Biophilic Design and Dr Ed Suttie from BRE.

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Employee cybersecurity only getting worse as digitised workplace grows

Employee cybersecurity only getting worse as digitised workplace grows

cybersecurityNew research suggests as the supposed ‘technologically savvy’ millennials enter the workforce they are more likely than older workers to break the most basic of security rule, reusing passwords across different accounts. This is according to the results of the 10th Annual Market Pulse Survey from SailPoint Technologies Holdings, which finds that despite an increased focus on cybersecurity awareness in the workplace, employees’ poor cybersecurity habits are getting worse, which is compounded by the speed and complexity of the digital transformation. More →