Search Results for: labour market

Established businesses must do more to support local entrepreneurs and startups

Established businesses must do more to support local entrepreneurs and startups

With SME’s accounting for the employment of more than half of the UK’s workforce, supporting these businesses is of benefit to everyone while geopolitical events and the impact of the pandemic continue to cause economic uncertainty.  Entrepreneurs and small businesses are vital for spurring on evolutions in our technology and creating new markets for services and products, therefore bringing about competition which in turn boosts productivity that benefits our own and other economies, helping them withstand and recover faster from financial downturns. More →

Is the growing number of working mums a cause for celebration or concern?

Is the growing number of working mums a cause for celebration or concern?

working mumsWorking mothers are a resilient group, accustomed to juggling work responsibilities and family time with aplomb. Such was the conclusion in a report from McKinsey last year. But the day-to-day challenges they face can severely test that resilience. The proportion of working mums in the UK has just matched the highest ever recorded figure. In the three months to June, 75 per cent of women with dependent children were in employment, according to the Office for National Statistics. By comparison, 93 per cent of fathers were in employment during the same period. More →

Benefits of zero-hours contracts outweigh downsides for most people

Benefits of zero-hours contracts outweigh downsides for most people

zero hours contractsNew research from the CIPD suggests there needs to be a more balanced and nuanced debate about their place in the labour market, that recognises both the positives and downsides to zero-hours work. The CIPD’s new research ‘Zero-hours contracts – Evolution and current status’– claims that this kind of arrangement – where there’s no guaranteed minimum number of hours that must be worked – is an established part of the UK labour market. It finds that the number of people on ZHCs has changed little since 2015, making up just 3 percent of employment. Fewer than a fifth of employers (18 percent) use ZHCs, and they’re most often used in the hospitality and entertainment industries, in the voluntary sector, and typically in roles such as bar staff, waiters/waitresses, and care workers. More →

The UK is entering a new unstable period of employment relations

The UK is entering a new unstable period of employment relations

employment relationsA new study from the CIPD shows that a tight labour market, combined with a cost-of-living crisis and falling wages, could fuel further industrial action in the coming months. The CIPD is urging employers to engage with their recognised employee representatives and trade unions to avoid issues escalating to strike action. The data, gathered in January 2022, offered  what the CIPD says is a stark warning for what has now become a reality – that a lack of engagement with employee representatives will lead to worse employment relations and possible strike action. More →

UK is third most attractive place to work in Europe

UK is third most attractive place to work in Europe

most attractive place to workThe UK is the third most attractive place to work in Europe and experienced a stronger “brain-gain” than other major economies, according to a report from job site Indeed. It analysed nearly one billion data points including more than 800 million cross-border job searches and over 100 million job postings and found that cross-border searches by European jobseekers are up 13 percent from their pandemic low of -32 percent.   At the same time, Europe has become increasingly popular to jobseekers outside of the continent: inbound searches from jobseekers based outside Europe are a staggering 38 percent above the 2017-19 average, up from the pandemic low of -31 percent. More →

Strategic workforce planning blocked by lack of data and defined employee responsibilities

Strategic workforce planning blocked by lack of data and defined employee responsibilities

strategic workforce planningPoor data quality and a lack of clearly defined roles and responsibilities within the organisation are amongst the key challenges management faces when implementing vital strategic workforce planning (SWP), according to new academic research. The researchers also claim that a lack of methodology to execute a strategic workforce plan and the lack of support across all organisational units of the firm were contributing to a slower and less efficient strategic workforce planning. More →

Demand for a four-day week continues to grow

Demand for a four-day week continues to grow

four-day weekAccording to a new report from ADP exploring employees’ attitudes towards the current world of work, six-in-ten (60 percent) UK workers would like more flexibility as to when they work, such as condensing hours into a four-day week. This number increased to two-thirds (67 percent) in Greater London. The report claims that this desire for great flexibility comes at a time when there is a mental health “ticking timebomb” in workplaces. Over half (51 percent) of men and 45 percent of women believe that their work is suffering due to their poor mental health. This is leading to over a quarter (29 percent) of workers actively trying to change their job and/or move into another industry. More →

Younger workers want flexible working, but are sceptical of remote

Younger workers want flexible working, but are sceptical of remote

flexible workingWhile remote and flexible working roles continue to grow in almost all countries, 20-24 year olds are the age group making the fewest applications to fully remote roles, claims a new poll from LinkedIn.  LinkedIn analysed the labour market for career starters in the U.S., U.K, France and Germany – including job applications and hiring data – to understand which sectors offer the most opportunity for Gen Z job-seekers and employers looking to attract them. More →

Competition for talent is fierce, but employers edge away from pay to attract people

Competition for talent is fierce, but employers edge away from pay to attract people

competition for talentNew CIPD research claims that almost half (45 percent) of UK employers report having vacancies that are hard-to-fill, and almost two thirds (65 percent) anticipate problems filling vacancies in the next six months. The most common response made in the past six months by employers with hard-to-fill vacancies has been to increase pay (44 percent). However, only a quarter (27 percent) of organisations plan to raise wages in response to the competition for talent in the future. This suggests that organisations may be approaching their limit on this ‘quick win’ strategy and are exploring alternative options, such as upskilling people and flexible working, to attract and retain people. More →

Economic inactivity hits record high amongst men aged over 50

Economic inactivity hits record high amongst men aged over 50

Economic inactivity levels amongst men aged 50-64 in December 2021 to February 2022 were the highest since records began, according to new analysis from Rest Less. The firms analysed labour market data from the Office of National Statistics and found that economic inactivity levels amongst men aged 50-64 reached 1.47 million in the latest official figures – the highest they have ever been since records began in 1992. The economic inactivity rate amongst this demographic reached a nine-year high and is now at 23.1 percent. More →

Four-day working week can improve wellbeing and reduce social inequality

Four-day working week can improve wellbeing and reduce social inequality

four day working weekResearch from the University of Kent has shown how a national four-day working week can positively impact workers and their families’ wellbeing, improve social cohesion and reduce social inequality. In a paper published by the Journal of Social Policy, Professor Heejung Chung from Kent’s School of Social Policy, Sociology and Social Research discusses how a shorter working week can help tackle issues by giving workers the ‘right to time’, shifting a balance between work and non-work activities in daily life. More →

Location pay doubts are now rife amongst organisations

Location pay doubts are now rife amongst organisations

location payThe latest data from XpertHR suggests that 44 percent of UK organisations are ‘unsure’ about the future of their location pay arrangements following the coronavirus pandemic and the subsequent shift to hybrid working. Location pay is currently offered by more than half of UK organisations (55 percent). Its most common form is a London allowance on top of basic pay (offered by 40 percent of organisations),with inner London employees receiving a median location payment of £3,775 (£3,250 in outer London). More →