Search Results for: talent

Hong Kong replaces London as most expensive place in world in which to rent a workstation

Hong Kong replaces London as most expensive place in world in which to rent a workstation

workstationHong Kong has replaced London’s West End as the most expensive office market in which to accommodate staff, according to new research from Cushman & Wakefield. The annual Office Space Across The World report surveys occupancy costs across 215 office markets in 58 countries worldwide. Using proprietary data, it ranks occupancy costs per workstation and workplace densities for newly developed or refurbished office space globally. Limited availability and strong demand from mainland Chinese corporations have pushed Hong Kong costs up 5.5 percent to $27,431. Escalating rents are driving a growing number of multinational corporations to decentralise to lower cost areas.

More →

Design sector contributes £209 billion to the economy but problems remain, claims Design Council

Design sector contributes £209 billion to the economy but problems remain, claims Design Council

The Design Council has published a new report which sets out the value of the design industry to the UK and identifies a number of issues that need to be addressed to enhance its value. According to the Designing a Future Economy: Developing design skills for productivity and innovation, the sector contributes £209bn to the UK economy, almost double that of what the creative industries were previously thought to contribute. The report also claims that people working in the sector are significantly more productive than the UK average worker. However it also cautions that a skills gap costs the UK economy nearly £6 billion annually. The report was compiled using UK and US-based data from the Office for National Statistics (ONS) and O*Net, a US-based research company offering definitions and data on different jobs.

More →

Employers not doing enough to help staff reach their full potential says HR

Employers not doing enough to help staff reach their full potential says HR

It appears to have been a challenging year for HR professionals, as a new survey suggests nearly three quarters (72 percent) of participants in a recent survey feel slightly or significantly more over-stretched in their role compared to last year. Forty four percent believe the workforce does not have enough support to thrive, and a further 23 percent don’t feel confident  that their organisations are doing enough to address this issue. Research from a survey of HR people conducted by Cascade HR found that 32 percent of HR managers have found employment legislation harder to navigate. However, a reassuring 61 percent of HR professionals now feel ‘somewhat prepared’ for GDPR, which has understandably taken up a lot of preparatory time and resource as 2017 has unfolded. In fact, only 15 percent of HR professionals surveyed feel significantly or slightly underprepared, which seems to contradict national statistics on a business-wide level.

More →

Just half of UK businesses have the right skills to combat a cyberattack

Just half of UK businesses have the right skills to combat a cyberattack

Only half (50 percent) of UK companies believe they have the right skills to address a cyberattack, despite some high profile cyberattacks this year against the NHS, Uber and Equifax. A lack of cybersecurity skills may be due to a wider skills gaps facing the UK tech industry, claims new research from IT jobs board, CW Jobs. Nearly a third of tech employees reported feeling they were insufficiently trained in coding, cybersecurity and cloud migration. The gaps in employees’ skills is translating to the businesses they work for with 23 percent saying their business is missing programming and cybersecurity skills. A little over half (51 percent) of IT workers said that cybersecurity was included in their training, and almost one in four (23 percent) say they are not confident in handling a cyber security attack. Despite the growing threat and lack of in-house expertise, only half (50 percent) of employers look for cybersecurity skills when recruiting new IT talent. However, despite awareness around the risk of cybersecurity and the lack of preparedness, only 22 percent of employers are currently training their existing staff in cybersecurity.

More →

Over a quarter of black employees say racial discrimination hinders career

Over a quarter of black employees say racial discrimination hinders career

Over a quarter of black employees say racial discrimination hinders career

Three in ten (29 percent) black employees say racial discrimination is to blame for them failing to achieve their career expectations, almost three times as many as white British employees, according to a new survey by the CIPD. One in five BAME employees (20 percent) said that discrimination had played a part in a lack of career progression to date, compared to just one in ten (11 percent) white British employees. This comes despite the fact that significantly more BAME employees said career progression was an important part of their working life than those from a white British background (25 percent vs 10 percent). When asked what would improve their career progression, BAME employees were much more likely than white British employees to say that seeing other people like them that have progressed in the organisation, and a greater diversity of people at senior levels in their organisation would help boost their career progression. Additionally, the survey found that a quarter of BAME respondents (23 percent) whose organisations don’t provide mentoring said they would find it useful in achieving their potential at work.

More →

Employee engagement only captures a small part of what ‘work’ means

Employee engagement only captures a small part of what ‘work’ means

The biggest driver of a positive employee experience at work is ‘meaningful’ work, claims a new survey. According to the findings of the latest edition of ‘The Employee Experience Index around the Globe’ survey from Globoforce’s WorkHuman Research Institute in partnership with IBM’s Smarter Workforce Institute – in the UK, meaningful work emerged as the single largest contributor (30 percent) 3 points above the global average. Meaningful work ensures that employees’ skills and talents are being fully utilized and there is greater alignment to shared, core values. The survey also notes a shift away from employee engagement, which only captures a small portion what ‘work’ means, towards employee experience. Experience is seen as being broader and more holistic – capturing the entire set of perceptions that employees have about their experiences at work, matching the higher expectations that employees bring to the workplace.

More →

New Government plan to address employment barriers for disabled people

New Government plan to address employment barriers for disabled people

New Government plan to address employment barriers for disabled people

The Government has announced a new 10-year strategy to address employment prospects for disabled people and people with health conditions. In response to its Work, Health & Disability Green Paper consultation which closed earlier this year, the White Paper, Improving Lives: the Future of Work, Health and Disability sets out how the Government will work with employers, charities, healthcare providers and local authorities to break down employment barriers for disabled people and people with health conditions over the next decade. This will be delivered through in-work programmes, personalised financial and employment support, and specialist healthcare services. Currently, ill health that keeps people out of work costs the economy an estimated £100 billion a year, including £7 billion in costs to the NHS. Two new employment trials will also be launched in the West Midlands and Sheffield City Region combined authorities to provide employment support. The Government is also investing around £39 million to more than double the number of Employment Advisors in Improving Access to Psychological Therapies services.

More →

Location of workplace matters when it comes to workplace performance

Location of workplace matters when it comes to workplace performance

Location of workplace matters when it comes to workplace performanceEmployers can make major performance and productivity improvements by taking a more strategic approach to where they place their people, a new report suggests. Organisations with the closest alignment between their geographical talent footprint and market opportunity tend to be most productive and profitable claims Right people, wrong place?, a new EY report in collaboration with LinkedIn. The report analysed 659 organisations of varied size and scale across 11 sectors and revealed that those that poorly match their workforce to the global sub-sector growth markets are potentially leaving hundreds of millions of dollars of opportunity on the table. Bringing together a combined analysis of current and projected industry market performance from EY with LinkedIn’s insights from more than 530 million members, the report validates and quantifies the value of maximising the alignment between workforce location and market opportunity.

More →

Workers would be prepared to take a pay cut for an agile working life

Workers would be prepared to take a pay cut for an agile working life

A new survey claims that the ability to accommodate agile working into their life is important, with those who prefer to work agile claiming they would sacrifice an average of 16 percent of their annual salary for the opportunity.In addition to this, 86 percent stated they would even change jobs to accommodate their preference. The report into recruiting for an agile workforce suggests that despite being a relatively new concept, over half surveyed were familiar with it and over 22 percent of those had worked in an agile environment for over two years. However, recruiters claim less than half of the roles they’re working on offer agile, finding it’s most prevalent in the IT sector. The study reveals both recruiters and candidates believe the key attributes for success in agile are being flexible, organised and hardworking. Interestingly, the majority of recruiters believe these are required in advance and cannot be developed on the job. Meanwhile, social qualities (like being introverted or outgoing) or being easy going are less important.

More →

Time for Britain to face up to its post-Brexit skills shortage

Time for Britain to face up to its post-Brexit skills shortage

A new and dramatic wrinkle seems to be added to the process of Brexit talks every week. But rumbling underneath the political positioning are some fundamental problems for business. Perhaps the most startling challenge is the prospect of a cavernous skills gap. A lot of attention has been paid to the problems of low-skilled workers – the “left-behind” who voted for Brexit in the first place, and the migrants who are currently propping up the agricultural economy and doing the jobs that UK workers don’t want to do. But a more pressing issue is the fact that for too long a large proportion of our skilled labour has been coming from outside the UK. This is not only in the form of skilled individuals who are recruited to work for companies and public sector organisations in the UK, but also in the way Britain outsources the manufacture of complex parts to companies in the rest of Europe. More →

New evidence low productivity is having a significant bearing on pay growth

New evidence low productivity is having a significant bearing on pay growth

New evidence low productivity is having a significant bearing on pay growthMost private sector workers are still not pushing for pay rises, despite falling real wages and low unemployment, according to the latest quarterly CIPD/The Adecco Group Labour Market Outlook survey. Only a quarter (24 percent) of employers in the private sector say they are under some or significant pressure to raise wages from the majority of their workforce, while almost four in ten private sector firms (38 percent) say they face no pressure at all to raise wages. The most common reason given by private sector employers (23 percent) for the lack of pressure to raise wages is a recognition among workers that the business cannot afford more generous pay increases, underlining the productivity challenge many firms face.  The survey of more than 2,000 UK employers shows a slightly higher proportion of private sector employers (36 percent) cite either some or significant pay pressure to raise wages for certain roles, particularly among high and middle-skilled jobs.

More →

Cities in developed world are less confident in their digital ecosystems

Cities in developed world are less confident in their digital ecosystems

According to a new study from The Economist Intelligence Unit (EIU), business leaders in 45 cities around the world are relatively confident that they can find the support they need for their digital transformation efforts. Many city environments come up short, however, particularly in the supply of digital talent. The study claims that firms in Bangalore, San Francisco and Mumbai display the greatest degree of confidence while executives in developed world cities are some of the least confident, including those in Berlin, Tokyo and Yokohama. The study also claims that half of businesses (48 percent) have considered relocating operations to a city with a more favourable environment.

More →