Search Results for: economy

Financial problems for over half of employees are affecting their work performance

Financial problems for over half of employees are affecting their work performance 0

by • News, Wellbeing, Workplace

One of the biggest concerns cited by many of those being polled on their views during the General Election campaign has been the high cost of living compared to wages. Now a new report claims that over half (55 percent) of employees are experiencing financial problems, which are affecting their behaviour, relationships and ability to perform at work. Although the nationwide study of the financial wellbeing of UK workers The DNA of Financial Wellbeing 2017 report, claims that nearly a third (32 percent) cite finance as their biggest concern; 66 percent of HR directors, think that financial worries are not of concern to their employees. The findings from Neyber, a financial wellbeing company, shows that 47 percent of workers are borrowing money to meet their basic financial needs, with 25 percent borrowing on a credit card, followed by 13 percent through a bank overdraft and 13 percent borrowing from friends and family. Meanwhile, an increase in so-called zero hour contracts means that nearly half (47 percent) of workers in the North and Midlands have an income fluctuation of more than 10 percent each month.

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Inventing the Future: techUK launches 2017 manifesto

Inventing the Future: techUK launches 2017 manifesto 0

by • News, Technology

techUK, the association that represents a large part of the UK’s technology sector, has published a new manifesto ahead of the General Election which it claims ‘sets out a bold and ambitious vision for the next Government to create a modern and dynamic digital economy that works for everyone’. The organisation has set out a series of recommendation that aim to show how Britain can remain at the forefront of global tech innovation while it navigates Brexit and other forces. Its objectives include: boosting the UK’s productivity; harnessing digital transformation to build a smarter state; creating new jobs and a new skilled, adaptable workforce; and protecting and empowering people in a digital age.

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Only one in four people with a long-term mental health issue are in work

Only one in four people with a long-term mental health issue are in work 0

by • News, Wellbeing

Only a quarter of people with a long term mental health issue are in work, according to a report published by the TUC to coincide with its Disabled Workers’ Conference yesterday. The report, Mental health and employment, contains new analysis of official employment statistics, which finds that while 4 in 5 (80.4 percent) non-disabled people are in work, people with mental illness, anxiety or depression have substantially lower employment rates. Only one in four (26.2 percent) people with a mental illness lasting (or expected to last) more than a year are in work. Less than half (45.5 percent) of people with depression or anxiety lasting more than 12 months are in work. The TUC is concerned that this suggests employers are failing to make adequate changes in the workplace to enable people with mental illnesses, anxiety or depression to get a job, or stay in work. Mental health problems can often be ‘invisible’ to others, so a lack of mental health awareness amongst managers and employers is also likely to be a factor.

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A mixed forecast for the accountancy profession: Brexit highs and digital lows

A mixed forecast for the accountancy profession: Brexit highs and digital lows 0

by • Comment, Flexible working, Technology

The accountancy profession is facing an uncertain future in the traditional sense. The question of automation is on everyone’s minds, as are the complexities of Brexit. On the one hand, news from the Association of Chartered Certified Accountants (ACCA) suggests accountants will be in high demand during the Brexit process, on the other, gloomy reports of job automation suggest accountants will be one of the professions hardest hit in Britain’s long-term future. The implications of Brexit are yet to be uncovered. Clearly, Brexit will be a complex process and businesses will undoubtedly require the strategic insight and rigour of the accountancy profession. We have accepted that exiting the EU will likely be a complicated drawn-out process. The effects on business will be bound up in complex trade deals, government policies and the ratification of EU laws affecting business in the UK.

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UK employees three times more likely to work when ill than to pull a sickie

UK employees three times more likely to work when ill than to pull a sickie 0

by • News, Wellbeing, Workplace

Seven in ten UK employees – equivalent to 18 million nationally – have gone to work feeling unwell when they should have taken the day off, while less than a quarter (23 percent) say they have taken a day off work sick when they were not actually unwell, indicating that UK employees are three times more likely to go to work unwell than they are to ‘pull a sickie,’ a new report claims. The fourth edition of the Aviva Working Lives Report, which examines the attitudes and experiences of employers and employees on issues affecting the present and future of the UK workplace – also carries a wake-up call to businesses, as more than two in five (43 percent) employees feel their employer puts the results of the company ahead of their health and wellbeing as more than two in five (41 percent) say their work will pile up if they are off sick.

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Workplace reforms become a key element in the election debate

Workplace reforms become a key element in the election debate 0

by • Flexible working, Legal news, News

The workplace has become one of the key battlegrounds in the UK general election debate, as the main political parties seek to court mainstream opinion and with the imminent publication of the Taylor Review into the gig economy. The Labour Party will today announce in its manifesto a commitment to provide 30 hours of free childcare for all two to four-year-olds, covering 1.3 million children. Yesterday, the Conservatives announced that employees will be offered the right to take up to a year off work to care for family members with illness or disability as well as commitments to introducing statutory child bereavement leave and the right to request time off work for training. There are also expected to be other announcements into the workings of the gig economy with new rules to extend maternity and sickness pay to workers who are currently classed as self-employed.

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Pay levels are falling but job market remains robust, despite Brexit relocation plans

Pay levels are falling but job market remains robust, despite Brexit relocation plans 0

by • News, Public Sector, Workplace

The UK economy is about to be hit by a fall in basic pay awards and real wages warns the CIPD, which has found that employers’ median basic pay expectations in the 12 months to March 2018 have fallen to 1 percent compared to 1.5 percent three months ago, which is lower than at any time during the past three and a half years. The findings from the latest CIPD/The Adecco Group Labour Market Outlook survey are consistent with recent Labour Market Outlook reports, which have indicated a slowing in the rate of basic pay growth, and with official labour market data. The report also found that 12 percent of private sector firms say the UK’s decision to leave the European Union has led them to consider relocating some or all of their business operations abroad. Popular relocation destinations include the Republic of Ireland (18 percent), Germany (17 percent) and France (13 percent).

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CIPD calls for range of measures for British workforce ahead of General Election

CIPD calls for range of measures for British workforce ahead of General Election 0

by • Flexible working, Legal news, News, Workplace

The next Government needs to put ‘good work’ at the heart of its thinking in order to improve the economy, boost individual welfare and prosperity – creating the conditions for good work in organisations across the country, says the CIPD ahead of the General Election. In its ‘Manifesto for Work’ the CIPD is calling for publication of pay ratios, additional rights for zero-hours workers and increased investment in adult skills. The manifesto’s package of aim to address the systemic problems in the UK economy by focusing on the positive influence the world of work can have on productivity and wellbeing. As well as an overhaul of the UK Corporate Governance Code, the CIPD is also calling on the next Government to protect and raise awareness of employment rights, make skills the centerpiece of their industrial strategy and take steps to improve gender diversity in the boardroom. It also calls for organisations to focus more on greater organisational transparency so that businesses are more accountable for incorporating the principles of good work across their organisations.

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The new normal arrives for the commercial property sector

The new normal arrives for the commercial property sector 0

by • Comment, Facilities management, Property, Workplace design

wework-coworking-new-yorkTraditionally, the two principle vectors for change in the commercial property market have been lease lengths and space standards. Both have shrunk markedly over recent years, subject to the miniaturising effects of technological and cultural change. Even so, the effects of this contraction have taken place within an existing paradigm so have been easily understood, if not always acted upon.So it has been that major property organisations such as the British Council for Offices and CoreNet have been able to produce guides and reports based on well understood principles and without challenging the business models and assumptions of developers, landlords, workplace designers and occupiers. For most the challenges remained the same, not least how to resolve the sometimes conflicting timescales of people, place, property and technology that is the defining tension at the heart of office design and management.

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Scotland needs to develop new skills as era of automation threatens half of jobs

Scotland needs to develop new skills as era of automation threatens half of jobs 0

by • News, Technology, Workplace

Urgent reform is needed to deal with the rise of automation, which threatens half of Scottish jobs, a leading think-tank has warned. The stark warning comes in a new report from IPPR Scotland, supported by the JPMorgan Chase Foundation. Scotland’s Skills 2030 outlines the need to reskill Scotland’s workforce for the world of work in 2030. The study claims that 46 percent of jobs in Scotland – or 1.2 million – are at high risk of automation up to 2030 and beyond. It suggests that Scotland’s skills system needs to “retrofit” the workforce with the skills to be ready for technological change – 2.5 million adults in Scotland today (or 78 percent) will still be of working in 2030, report adds.

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Improving adult skills can help countries benefit from globalisation, claims OECD

Improving adult skills can help countries benefit from globalisation, claims OECD 0

by • News, Workplace

In an increasingly competitive international environment, providing workers with the right mix of skills can help ensure that globalisation translates into new jobs and productivity gains rather than negative economic and social outcomes, according to a new OECD report. The OECD Skills Outlook 2017 reveals big differences in the extent to which countries are equipping workers with the right knowledge and ability to benefit from the globalisation of production chains. The report finds a country with a skills mix that is well aligned with the requirements of technologically advanced industries can specialise in these industries on average 8 percent more than other countries, and up to 60 percent more than countries with a low alignment between the mix and these industries requirements. A supplementary note covers the UK’s situation.

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Gender differences in global corporate culture begin earlier than supposed

Gender differences in global corporate culture begin earlier than supposed 0

by • Legal news, News, Workplace

While the last 50 years have seen a notable convergence between men and women in labour force participation, hours worked, wages, and educational level, despite all this progress women are still less often found in high-paying occupations. Now a new study by Finnish economist Antti Kauhanen of the Research Institute of the Finnish Economy suggests that a substantial gender wage gap in corporate cultures emerges in early careers. In the latest IZA World of Labor report, Kauhanen cites a number of recent studies which conclude that women are much more likely than men to begin their careers at the bottom levels in the hierarchy; and this difference in initial job assignments is partly due to a divergence in educational background. Although the gender differences in years of education are small, differences in the field of education chosen remain large and are affecting career outcomes. Furthermore, in addition to educational choices and career interruptions, the hours worked, discrimination, and preferences and psychological attributes also contribute to the gender wage gap.

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