Search Results for: workplace

August 16, 2016

Women struggling to reach senior executive roles in top US firms ⁰

Progress for women in reaching the executive ranks within the UK’s FTSE 100 is too slow and the picture is less than inspiring on the other side of the Atlantic. A new analysis by Korn Ferry of the top 1,000 US companies by revenue finds the percentage of women in most executive positions is dramatically lower than their male counterparts. Across the most prominent executive job titles and several industries (consumer, energy, financial, life sciences, industrial, technology) an average of less than one quarter (24 percent) of the top leaders are women. The most senior post is held by the smallest percentage of women, with only 5 percent serving as CEO; 12 percent of CFO’s (Chief Financial Officer) are women; and 19 percent of women holding the CIO (Chief Information Officer) role across all industries. The CHRO (Chief Human Resources Officer) role is the only one where there is gender parity, with 55 percent of CHROs across industries being women.

August 15, 2016

Brexit leads to ‘softening’ of employment market, claims CIPD survey ⁰

by Neil Franklin • News, Public Sector, Workplace

The UK’s decision to leave the EU has resulted in a softening in hiring intentions and businesses should invest in skills immediately, according to the latest CIPD/Adecco Group UK & Ireland Labour Market Outlook. The report is based on employer sentiment in the two weeks before and after the EU Referendum and claims that employers surveyed ahead of the vote were somewhat more optimistic about hiring intentions than those surveyed afterwards. It suggests that the proportion of employers expecting to increase staffing levels over the next three months dropped from 40 percent pre-Brexit to 36 percent following the vote. The net employment balance, based on the difference between the share of employers expanding their workforce and those reducing it, dropped from +21 pre-Brexit to +17 post-Brexit. However, the fall was significantly sharper among private sector employers, with the post-Brexit employment balance declining to +25 from +39.

August 15, 2016

UK commercial property prices fall during first full month after Brexit ⁰

by Mark Eltringham • Company news, News, Property

The first full month of market activity in the UK’s commercial property sector since the Brexit vote, saw its value fall by just under three percent, according to the latest data from real estate researchers MSCI in their monthly IPD real estate index. The value of the nationwide market fell by 2.8 percent over the month. Central London was particularly badly hit with values falling by 4.1 percent. The monthly report is sponsored by a number of the major players in the commercial property sector and is based on an analysis of every building in the MSCI database including currently occupied buildings and those in development and being refurbished. A report published earlier this month by Investment Property Forum found that while the overall value of the UK’s commercial property had hit record levels, the uncertainty surrounding the consequences of Brexit was of major concern for investors and occupiers.

August 15, 2016

The traditional office is still very much alive, but it is changing ⁰

by Alex Gifford • Comment, Wellbeing, Workplace design

A skim through workplace features in the media and you’d be forgiven for thinking that the traditional office is no longer with us. According to the narrative, we’re all now 20-somethings, working in open-plan warehouses, with table football, bean bags and comfy sofas to lounge on, while drinking our custom-made soya lattes. When in actual fact, while more relaxed, fun and funky offices tend to make the headlines, the majority of people still work in a relatively traditional way, with their PC or laptop, a desk and an ergonomic task chair. What’s more, with an ageing workforce, we certainly aren’t all 20-somethings, with DWP (Department of Work and Pensions) figures revealing that the employment rate for people aged 50 to 64 has risen by 14 per cent in the last 30 years, and doubled for over 65s. So designing with just the youngsters in mind simply doesn’t add up. Recent research by the Senator Group, backs up this view.

August 11, 2016

Government regulations will help global BIM market to grow by a fifth ⁰

by Mark Eltringham • Architecture, News, Property, Technology

A new report from Allied Market Research claims that the worldwide market for Building Information Modelling will grow by over a fifth to hit $11.7 billion by 2022, driven primarily by legislation demanding that all construction work should apply BIM. The World Building Information Modelling (BIM) Market report, claims that its growth projections are based on increasing demand from the construction industry, in turn based on new government regulations mandating the use of BIM, a booming property sector in Asia and growing awareness of the benefits of BIM. Construction industries will continue to be the leading consumers of BIM, constituting nearly 63 percent of the global market by 2022. The report concludes that ‘BIM has emerged as an ideal alternative to traditional CAD software, owing to its suitability over a variety of operational issues such as cost management, handling raw data and information and alignment of processes’.

August 10, 2016

The solution to closing the digital skills gap starts at home ⁰

by Andrea Chadwick • Comment, Flexible working, Technology, Workplace

Much has already been written about the UK’s digital skills gap, and undoubtedly as the Government continues to develop and roll out its Digital Strategy for the nation, many more headlines will be devoted to it. For a country so focused on technological development it’s a problem which is both acute and imperative. Recent Government figures put 12.6 million Britons at risk of being left behind in terms of the skills needed for a modern economy. Parliamentary plans to address this issue focus firmly on education: including digital development as a key part of apprenticeships, encouraging vocational digital skills courses at universities, and broadening access to other educational courses to help people to learn to code. However, responsibility to upskill the nation’s workforce also resides with employers. Whether the current role demands IT skills or not, technology increasingly impacts and transforms every element of our lives.

August 10, 2016

Low take up for shared parental leave raises questions over demand ⁰

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

New research questions how much demand exists in the UK for fathers to take shared parental leave. The first available figures reveals a low take-up of new rights to paid leave, as just 3,000 new parents took advantage of the system in the first three months of 2016 – one year on from its introduction. By contrast, approximately 52,000 fathers and 155,000 mothers took paternity and maternity leave in an equivalent time period in 2013/14. The figures were published as a result of a freedom of information request from law firm EMW who suggest that this shows that the new rules are being significantly under-utilised and policymakers need to give more consideration to what benefits future changes to employment law will actually deliver versus the impact on small businesses which have to implement them. The new Shared Parental Leave system allows parents to share paid time off between them, in place of (and at the same rate as) Statutory Maternity Pay.

August 9, 2016

UK and Australia lead the world in tech use for sustainable development ⁰

by Mark Eltringham • Environment, News, Wellbeing

A new report from the United Nations claims to identify the world’s leading nations in the use of the Internet to support sustainable development. The E-Government Survey 2016, assesses how e-government principles are applied to support the UN’s 15 year plan to use sustainable development to end poverty, boost growth and tackle climate change. The report highlights how the application of new technology can make government institutions more transparent, accountable and effective, encourage democratic participation, improve the delivery of services and allow policy makers to take account of the big picture when coming to decisions. The report claims that the UK government is setting worldwide standards for other countries to emulate. The model is replicated in Australia, Europe and New Zealand. South Korea was placed third and the report highlights successes in countries like Turkey and China, but states that many regions are not taking advantage of the opportunities offered them by the Internet.

August 9, 2016

Time to address ‘shocking disconnect’ between boardroom and staff pay ⁰

by Sara Bean • Comment, News, Workplace

As the new prime minister Theresa May has already indicated in her tenure, the growing gap between rewards for those at the top of organisations and everyone else is hard to justify at a time when economic uncertainty is intense and corporate performance mixed. So it’s shocking to learn that the average FTSE 100 CEO earns 129 times more than the firm’s employees, receiving around £5.5 million a year, up from £4.96 million in 2014. According to the annual survey of FTSE100 CEO remuneration packages by the High Pay Centre, rewards at the top continue to grow at a double digit rate, with the most highly paid being part of an all-boys club. No woman has made it into the top ten in either of the last two years. And in contrast to the generous packages awarded to their executives, only a quarter of the 100 FTSE 100 companies are accredited by the Living Wage Foundation for paying the living wage to all their UK-based staff.

August 8, 2016

Universal basic income is an idea whose time has come at last ⁰

by Mark Eltringham • Comment, Flexible working, Technology, Wellbeing

It is no longer a question of whether one of the world’s major economies will introduce a universal basic income for all of its citizens, but when. Over the weekend, the leader of the UK’s Labour Party Jeremy Corbyn announced in an interview in the Huffington Post that he was ‘instinctively looking’ at an idea that is already being discussed and piloted in Switzerland, the Netherlands, Norway and Canada. Corbyn may be one of the current glut of what would have once been political outliers in the Western World, but the idea of a universal basic income is one that is increasingly accepted in mainstream economic thinking. The RSA continues to campaign for it and has even put a number on it, suggesting that every UK citizen should be offered £308 between the ages of 25 and 65. Andrew Flowers offers up a masterful and detailed analysis of the economic and political issues involved in this piece on fivethirtyeight.com.

August 8, 2016

Small business owners are sacrificing their physical and mental health ⁰

by Mark Eltringham • Flexible working, News, Wellbeing

Small business owners are working thirteen hours a week more than the UK average, negatively impacting the health of nearly a third (28 percent) of them, according to a survey commissioned by business marketplace Bizdaq. According to the Small Business Wellbeing Report, owner /managers typically work an additional 13 hours per week above the national UK average of 37 hours. Mental health is a particular concern with the reports suggesting that 660,000 owners nationwide are currently experiencing a negative impact on their mental health due to the pressures of running their business. The report also suggests that 566,000 small business owners nationwide have not taken a holiday since they started their business. The report also reveals that there is both a regional and demographic split in attitudes. Perhaps most surprisingly, younger business owners tend to be more optimistic despite current challenges including Brexit.

August 6, 2016

HR analytics has the potential to stem the silver brain drain ⁰

by Matt Henderson • Comment, Technology, Workplace

We’re operating in an increasingly tech-centric environment, but human talent still remains one of the core differentiators if a business is to thrive. Not surprisingly, the mission to get the very best people on board and optimise the potential of those already in situ has become the Holy Grail for many companies, irrespective of scale and sector – a challenge that demands a more intuitive and precise, even scientific approach to human capital management. Data analytics is a case in point, designed to extrapolate insight from intelligence across a variety of disparate sources and establish actionable intelligence, capabilities which naturally lend themselves to powering key decisions around hiring and retention and building on existing talent. Yet despite the proliferation of analytics across many strands of the workplace, take up in the HR sphere remains relatively modest, in tandem with a long-held reticence over the use of the technology in this area.