Search Results for: economy

Fathers Day offers a chance to ponder the disadvantages faced by many working dads

Fathers Day offers a chance to ponder the disadvantages faced by many working dads

Father’s Day – a day when fathers up and down the UK are supposed to feel valued – whether it’s hand print cards from their 2-year old, a pair of socks from their teenager or BBQ accessories from their fully-grown son or daughter. Fathers looking to the government for an offering will be disappointed. Its response to the Women & Equalities Select Committee’s excellent recommendations on fathers and the workplace is the equivalent of a nicely wrapped box with very little in it. For self-employed fathers, the box appears to be empty.

More →

Pay rates for senior management reflect longer working hours argues CMI

Pay rates for senior management reflect longer working hours argues CMI

Pay rates for senior management reflect long working hours argues CMIBusiness Secretary Greg Clark proposed new laws in Parliament yesterday (June 11th) that new large firms will have to justify their chief executives’ salaries and reveal the gap to their average UK worker. It means that for the first time, UK listed companies with more than 250 UK employees will have to disclose and explain this difference – known as ‘pay ratios’ – every year. However, according to data published today by the Chartered Management Institute (CMI) and XpertHR, basic salaries for senior managers have fallen in real terms, with inflation overtaking pay increases for the first time in five years. At a time when government are shining a light on executive pay, and linking it via a ratio to workforce pay, separate CMI research has found managers worked an extra 44 days a year last year over and above their contracted hours – up from 40 days extra in 2015. The same research found 59 percent of managers are ‘always on’, frequently checking their emails outside of work and one in 10 had been forced to take sick leave because of stress.

More →

Employees who work in digitally advanced workplaces are more productive and motivated

Employees who work in digitally advanced workplaces are more productive and motivated

Companies that are less technologically advanced are at risk of falling behind the competition and not attracting top talent, claims a new global study from Aruba. By contrast, employees who work in digital workplaces are not only more productive but also more motivated, have higher job satisfaction, and report an overall better sense of well-being. The study, Digital Revolutionaries Unlock the Potential of the Digital Workplace, outlines both the business and human benefits of more digitally-driven workplaces, and how. Almost all respondents (97 percent) thought their workplace would be improved through greater use of technology, while 64 percent said their company will fall behind the competition if new technology isn’t implemented. The same portion (64 percent) believe the traditional office will become obsolete due to advances in technology. However, the survey also warns that companies must be vigilant as more digital-savvy employees are taking greater risks with data and information security.

More →

Two-thirds of employers believe agency and gig workers should be able to request a stable employment contract

Two-thirds of employers believe agency and gig workers should be able to request a stable employment contract

Two-thirds of employers (67 percent) back the introduction of a new right for agency workers and zero-hours contract workers to request a stable contract, according to the Chartered Institute of Personnel and Development. The findings, which form part of the CIPD’s response to the Government’s consultation on the Taylor Review of Modern Working Practices, are based on a survey of 1,000 employers. The survey found that 67 percent of respondents said they support the right to request a stable contract, which would potentially allow agency workers to request a permanent contract of employment and zero-hours contract workers to request regular or guaranteed hours.The CIPD believes the right to request should be available to people who have 12 months of continuous service with one organisation, a suggestion supported by 41 percent of employers. 32 percent of respondents supported a period of at least six months and 20 percent were in favour of at least three months. More →

Fewer than half of Australians now work in a traditional job

Fewer than half of Australians now work in a traditional job

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.

More →

Drones could add £42 billion to UK GDP by 2030

Drones could add £42 billion to UK GDP by 2030

Drone technology has the potential to increase UK GDP by £42 billion (or 2 percent) by 2030, according to new research from PwC. The research estimates there will be more than 76,000 drones in use across UK skies by 2030. More than a third of these (36 percent) could be utilised by the public sector (including in areas such as defence, health and education).  The report claims that drone technology could help the UK achieve up to £16bn in net cost savings by 2030 through increased productivity. The technology, media and telecoms (TMT) sector stands to save the most by using drones, with a potential net saving of £4.8bn by 2030.

More →

Remote working preferred, with just one in ten workers happiest in an office environment

Remote working preferred, with just one in ten workers happiest in an office environment

Remote working preferred, as just one in ten workers happiest in an office environmentOne in four workers (28 percent) would move jobs if they weren’t allowed to work from home, increasing to nearly half (45 percent) of millennial workers. Yet while two thirds of UK employees (65 percent) can work from home, 35 percent are still not given the option of working remotely. Totaljobs’ research revealed that remote working is in the top five most important benefits when looking for a new job, beating perks such as enhanced parental leave, travel allowances and learning and development. One in five workers would pick a job that offered remote working over one that did not when deciding on a new role. Given the choice, two fifths (38 percent) of the UK workforce prefer working from home, a figure that rises to 46 percent of 18-34-year olds as opposed to just 31 percent of over 55’s, clearly showing the popularity of remote working options to the millennial workforce. The flexibility that remote working offers is most appreciated by women, with a quarter (24 percent) preferring the option of working from home or in the office compared to 16 percent of men.

More →

Flow of gig workers moving in and out of Britain will increase due to Brexit

Flow of gig workers moving in and out of Britain will increase due to Brexit

Flow of gig workers moving in and out of Britain will increase due to BrexitUK businesses are already one of the top employers of short contract “gig workers” at an international scale and with Brexit just around the corner,  a new survey commissioned by Graebel and carried out by Wakefield Research found that 97 percent of UK Millennials would be interested in relocating to another country for a contract job. After Brexit takes place, nearly three in five (58 percent) British gig workers are more likely to relocate from the U.K. to another EU country for a contract job, and 72 percent of British Millennials answered the same way. Gig workers in each of the top three gig economy markets (UK, US and Singapore), were asked how companies can cater for the needs of this new generation of workers and how to retain their top talent. New York (33 percent), Los Angeles (21 percent) and Paris (21 percent) are the top three picks for UK gig workers looking to relocate. On the other hand, London is still the top choice for US gig workers (33 percent) and second choice for gig workers in Singapore (26 percent).

More →

Jobs vacuum due to high employment and skills shortage is creating a war for talent

Jobs vacuum due to high employment and skills shortage is creating a war for talent

Jobs vacuum due to high employment and skills shortage is creating a war for talent

Figures published yesterday showed that the jobless rate has fallen to 4.2 percent, the lowest since 1975 according to the Office for National Statistics (ONS). While good news for the economy, the challenge for employers will be recruitment. On average, over 40,000 job vacancies are left unfilled for over six months according to research by Robert Half UK. The figure doubles to 80,000 for roles left vacant for more than a month. The findings come following research into the UK job market looking at trends in the modern workplace which confirmed that high employment coupled with an ongoing skills crisis is leading companies to face a war for talent which is leaving many positions unfilled. A lack of skilled candidates (51 percent) tops the list of challenges, whilst difficulties in finding the right talent follows close behind (30 percent). Even when the right person has been found, many firms aren’t hiring fast enough and end up missing out on their preferred candidate (28 percent). UK organisations clearly recognise the detrimental effect that unfilled roles can have on their business. Reduced productivity (42 percent), increased stress (42 percent) and limited business growth (38 percent) are cited as the main consequences – all of which can cripple a firm’s performance.

More →

Artificial intelligence, robots and automation set to transform the office environment

Artificial intelligence, robots and automation set to transform the office environment

In today’s highly digital landscape, tools like AI and machine learning were developed to significantly improve productivity in the workplace. But despite their existence, many companies still trail behind in terms of integrating AI in their office environments. In fact, an article on Workplace Insight previously noted that over a quarter of employers fail to provide staff with digital and flexible tools. Though it is predicted that the next couple of years will see businesses adapt to a human-and-machine environment, organisations still have a lot of catching up to do in terms of digital basics.

More →

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

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.

More →

Manchester incubator aims to develop region’s strength in tech and research

Manchester incubator aims to develop region’s strength in tech and research

Manchester Science Partnerships (MSP) has opened its new £2m tech incubator which it hopes will help create up to 2,000 jobs in data science and technology innovation companies over the next decade. Reflecting the ambitions of the updated Greater Manchester strategy to build on the city region’s strengths in technology and digital innovation, the incubator will provide start-ups with a wide package of business support services including: access to finance, talent and markets advice. Manchester is already a European top 20 digital city and this new incubator is designed play a role in strengthening the city’s status as a location for technology businesses over the coming years.

More →