Search Results for: labour market

Firms need to do more to engage, attract and retain staff

Firms need to do more to engage, attract and retain staff

Over 40 percent of employers are finding it more difficult to retain and recruit staff, according to Aon’s Benefits and Trends Survey 2022 (registration). The report claims that many employers have adjusted their benefits strategies to address an intense labour market, in which employee work motivations have shifted in the wake of the COVID-19 pandemic. Forty-one percent of employers said they have found it more difficult to retain staff in the last year, while 44 percent have found it more difficult to recruit new staff. Many employers anecdotally expressed in the survey that they need to pay higher salaries or sign-on bonuses to entice new recruits. More →

Risk of job losses has been falling for years, but at a price

Risk of job losses has been falling for years, but at a price

job lossesDecades of declining change in the UK labour market has reduced the risk of damaging job losses, but also limited opportunities for pay-enhancing job moves, according to new research published by the Resolution Foundation for The Economy 2030 Inquiry. More →

Pandemic-driven shifts have made the workforce smaller, younger and more female

Pandemic-driven shifts have made the workforce smaller, younger and more female

pandemicThe pandemic has not led to mass unemployment as many feared, but has instead driven wider shifts that have increased employment among younger women, but pushed many men and older workers out of the labour market altogether, according to new research. More →

Work becoming more secure but more action needed to enforce employment rights

Work becoming more secure but more action needed to enforce employment rights

employmentA new report ‘Has work become less secure?’ from the CIPD claims that, overall, employment in the UK has actually become more secure on most measures over the last decade – despite the impact of the pandemic. Compared with 2010, there are proportionally fewer people today working variable hours, working part-time involuntarily, or wanting to work more hours. More →

Employers expect ‘hard-to-fill’ vacancies to increase in the next six months

Employers expect ‘hard-to-fill’ vacancies to increase in the next six months

vacanciesAlmost half (47 percent) of employers report having vacancies that are hard-to-fill, and more than one in four (27 percent) expect the number of vacancies that are difficult to fill to increase in the next six months. This is a key finding of the latest quarterly CIPD Labour Market Outlook (LMO) which surveyed more than 1,000 employers across all sectors of the economy. Employers were surveyed about their hiring, pay and redundancy intentions for the last quarter of 2021 in September, just as the furlough scheme was ending. More →

Risk of generational progress grinding to a halt unless young job seekers can level up too

Risk of generational progress grinding to a halt unless young job seekers can level up too

youngA new report highlights a combination of regional disparities in access to jobs for young people, a shrinking youth labour market and an unequal recovery. This could result in young people being ill-equipped to meet the future demands of the labour market, further compounding skills shortages currently faced by employers. More →

‘Great Resignation’ means companies must adapt to needs of workers

‘Great Resignation’ means companies must adapt to needs of workers

Great resignationWorkers are leaving jobs like never before, and it’s causing a shortage of talent that has companies around the globe reeling, according to a survey conducted by Citrix Systems. Based on a poll of 1,000 US based knowledge workers, 40 percent have left at least one job in the past year or are considering doing so. The report from the firm sets out the factors behind the so-called Great Resignation and what firms may have to do in response. More →

Proportion of over 50s in work set to hit record high

Proportion of over 50s in work set to hit record high

The proportion of people over 50 in employment is set to hit 47 percent by 2030, following a 36 percent increase in the absolute number the last two decades, according to a new report from Legal & General Retail Retirement (LGRR) and the Centre for Economics and Business Research (Cebr). More →

Working from home could help older workers stay in work longer

Working from home could help older workers stay in work longer

working from home setupOlder workers might choose to delay their retirement if offered the option of continuing to do their jobs working from home after the pandemic, according to new research from the UK’s Office for National Statistics. The ONS study found those in their 50s and 60s who worked from home during the coronavirus crisis said they were planning to retire later than those who were still travelling to their workplace. More →

Almost half of young people feel the pandemic has harmed their long-term career prospects

Almost half of young people feel the pandemic has harmed their long-term career prospects

young peopleWith A level results day marking a new cohort of young people entering the toughest labour market for a generation, the CIPD launches its One Million Chances campaign. More →

Plans for a new single status for workers don’t cover everyone, says lobby group

Plans for a new single status for workers don’t cover everyone, says lobby group

IPSE (the Association of Independent Professionals and the Self-Employed) has responded to the UK Labour Party’s proposal for a single worker status saying that although it is welcome the party is attempting to clear the confusion around worker rights, the party’s proposals fail to grasp the nettle of employment status. The comment comes after Labour announced it would create a single worker status to “replace the three existing employment categories” of employee, worker and dependent contractor. Labour said the category would encompass “all but the genuinely self-employed”. More →

Women’s working hours fall a third less than men’s

Women’s working hours fall a third less than men’s

working hoursWomen’s average working hours have taken a far smaller hit during the pandemic than men’s, with women who do not have children now working longer hours than ever before – in marked contrast to predictions of a ‘shecession’ at the start of the pandemic, according to new research by the Resolution Foundation. More →