Search Results for: economy

January 26, 2017

UK commercial property continues to bounce back after Brexit, but there’s trouble ahead ⁰

Demand for commercial property in the UK continues to grow even as the country prepares to leave the European Union, according to the latest quarterly Royal Institution of Chartered Surveyors (RICS) market survey. The report for Q4 2016 suggests that a large proportion of the increase was linked to the attractiveness of UK commercial property for foreign investors. But there are signs of trouble ahead, as the report acknowledges some negative expectations for London commercial property values amid fears the capital will bear the brunt of any Brexit-led departure of firms. Over the fourth quarter, overall investment enquiries were flat in the London office sector. Although the UK market has largely recovered from its post-Brexit slump, London has underperformed the wider market, with some projects being put on hold, property companies cutting rental growth forecasts and rents beginning to stagnate.

January 26, 2017

Majority of employers predict more challenging economic conditions this year ⁰

by Sara Bean • Legal news, News, Workplace

Three quarters of UK employers (76 percent) expect economic conditions to be more challenging in 2017 compared to 2016 and there are signs that the jobs market is slowing, claims the Recruitment & Employment Confederation (REC) latest JobsOutlook survey. Employers intending to increase their permanent staff headcount within the next three months has reduced to one in five (21 percent), down from 24 percent reported last month. Similarly, demand for permanent staff has reduced in all sectors except health & social care and education. More positively, despite harsh economic conditions, businesses remain self-confident with three quarters of employers polled (74 percent) saying that their business will perform better this year compared to last year. Skills shortages remain a challenge for businesses however, as half of all employers (50 percent) anticipate a shortage of suitable candidates for some permanent roles this year. Employers anticipate that roles in engineering & technology, health & social care, and hospitality will be particularly affected by skills shortages.

January 26, 2017

Global workforce fears it won’t adapt fast enough to the digital workplace ⁰

by Sara Bean • Facilities management, Flexible working, News, Technology, Workplace

Workers across the globe are excited by the potential for technology to enhance their work lives and create new career opportunities, but over a third (40 percent) fear that they won’t be able to keep up with the rate of change required by digital business, claims a new survey. Across Europe 77 percent of workers acknowledge that disruption and increased competition will require more people with digital skills in order to compete on a global scale; however, the level of encouragement employees believe they are currently receiving to drive change in the workplace varies greatly throughout the world. Only 64 percent of respondents in the US saying they feel empowered by their company culture to lead innovation, whereas 90 percent of employees in Mexico feel their workplaces encourages them to drive change. The BMC study of over 3,200 office workers in 12 countries worldwide found that 88 percent of office workers across the world strongly believe that employers must create an innovative culture to retain staff and enable them to be successful with increasingly digital roles and responsibilities.

January 12, 2017

Brexit uncertainty won’t dissuade UK workers from moving jobs this year ⁰

by Sara Bean • Flexible working, Legal news, News, Workplace

Employee confidence in the UK has not been shaken by uncertainty around leaving the European Union, as 48 percent admit that they will be looking for a new job this year, claims a new survey by REED. The YouGov research asked more than 2,000 people about their careers in 2017, and found that 43 percent of employees are feeling optimistic about their career prospects, despite uncertainty created by the Brexit vote. Business confidence is also high with 53 percent of UK workers receiving a pay rise from their employer, compared to 41 percent found in the REED Market Insight 2015 – an increase equating to almost an eighth or an estimated four million UK workers according to recent ONS employment stats. While an increase in salary is still the primary motivation for people to look for a new job (51 percent), almost 38 percent (four in 10) would/ have move(d) for a better work-life balance and 33 percent, a third, for a better working environment.

January 11, 2017

Tech and media firms still believe human talent is the key to success ⁰

by Mark Eltringham • News, Technology

A new study from Colliers International claims that 62 percent of companies in the TMT sector are looking to expand their headcount. Despite advances in technology and artificial intelligence in the workplace, Colliers latest research suggests that over 62 percent of enterprises in the Tech, Media and Telecoms (TMT) sector are seeking to employ more staff to drive their company forward, demonstrating that the human factor still plays a critical role in business development. The report was conducted by global real estate firm Colliers International, based on a number of interviews. The study also claims that only 12.5 per cent of the firms which were interviewed were looking to contract their workforce. Interestingly, technology was viewed as the least important strategic resource by all but one company. Yet most businesses surveyed did expect big change and efficiency improvements through the introduction of new technology in the business and the workplace, especially the development of cloud-based systems.

January 11, 2017

Office workers have substantially higher rates of obesity than national average ⁰

by Sara Bean • Flexible working, News, Wellbeing, Workplace

Obesity rates among office workers are substantially higher than other workers, a new report claims. Recent figures have revealed that 63 percent (NOO.org) of UK people entered 2017 either overweight or obese; despite around 35 percent holding a new year’s resolution to lose weight last year, The research also claimed that absent rates due to lifestyle related diseases is costing the British economy over £8.2 billion per year. Following this revelation, in correlation with National Obesity Awareness Week, Savoystewart.co.uk looked at which industries are most in danger of putting on weight due to the nature of their career choice. The statistics highlighted that those working in Leisure and Hospitality are the least likely be at threat, with those overweight and obese at 52 percent; 10 percent less than the national obesity average of 62 percent. In contrast, those working in administration are those most at danger, with obesity rates of 77 percent; a substantial 15 percent higher than the national average.

January 6, 2017

Over half of employers struggled to find newly graduated employees last year ⁰

by Sara Bean • News, Technology, Workplace

Over half of graduate employers are struggling to fill their graduate vacancies, partly due to students reneging on offers. A poll by the Association of Graduate Recruiters (AGR) claims that 52 percent of employers did not fill all of their graduate vacancies last year and while one in five offers were declined, 7.1 percent of offers made were accepted and then reneged. The size of the challenge differs by sector. Accountancy, banking and engineering firms are the most likely to find reneging an issue. It is less of a problem in the public sector and among law, utility and IT businesses. However, employers are finding ways to tackle the issue with 97 percent communicating and 78 percent holding events for graduates between offer and join date. As a result the proportion of job offers reneged is falling – in the AGR’s 2015 poll 8.2 percent were reneged. Employers are also being advised to take more of a digital approach to reaching ‘tech savvy’ graduates.

January 2, 2017

Britain must future proof itself ahead of a decade of disruption, claims report ⁰

by Mark Eltringham • News, Technology

Brexit negotiations will ‘fire the starting gun’ on a decade of change for the UK, claims a new report from think tank the Institute for Public Policy Research (IPPR). The study, Future Proof: Britain in the 2020s, sets out the key challenges it claims will shape the UK in the period up to 2030 and the ‘choices that must be made now if these changes are to lead to a fairer and more equal society’. Among the issues covered in the report are the challenges directly related to Brexit, alongside factors such as an ageing population, other demographic changes, the risk to jobs posed by automation, the shift of the globalised economy towards Asia and the enduring problems associated with wage inequalities and the environment.

January 2, 2017

Women report more workplace stress than male colleagues, claims study ⁰

by Mark Eltringham • News, Wellbeing

Women in the UK report more work-related stress than men because of workplace biases, the types of work carried out, the burden of taking on extra responsibilities at home and the perception of unequal pay, according to the latest figures from the Health and Safety Executive (HSE). The HSE data suggests that women aged 25-54 in Britain are more stressed than their male contemporaries, with this pressure peaking for those aged 35-44, at a time when many are juggling family responsibilities such as caring for children and other family members. According to the HSE data for the period from 2013 to 2016, the prevalence of work-related stress as defined in the report among female workers was 2,250per 100,000, equivalent to around 270,000 workers. Among men the figures were 1,270 per 100,000, or around 200,000 workers. The HSE reported that 11 million working days were lost due to stress between 2015-2016, equating to 37 per cent of employment-related ill health and 45 per cent of days lost.

December 23, 2016

Majority of British workers will work at some point over Christmas and New Year ⁰

by Neil Franklin • News, Wellbeing

Three in five UK employees will work at some point over the Christmas period, a third of staff will curtail their break to return on Tuesday 27th December and 45 percent say working over Christmas is mandatory. These are the key findings of research from Hudson. The firm suggests that growing pressure pressure on companies to meet year round demand is causing employees to work over the traditional holiday period. The quarterly UK office-based workforce survey claims that the majority of workers (61.5 percent), including three quarters of millennials (76 percent), will cut short their festivities to work at some point between Christmas Eve and the January Bank Holiday. More than one third of staff (34 percent) will have to work at least one day between Christmas and New Year, causing problems for the many employees who’ve travelled home to be with their families over the festive period.

December 20, 2016

Technology industry leads the way in adoption of flexible working ⁰

by Mark Eltringham • Flexible working, News

New research from My Family Care and global recruitment firm Hydrogen claims that when compared with all other industries, the technology sector has the most number of employees taking advantage of flexible working practices. Over four in five (81 percent) of employees who work in tech say they work flexibly to some degree – around 15 percent higher than the average of 66 percent and over half of the 265 people surveyed said they worked remotely at least one day last week – 18 percent higher than the average for all employees. The research also claims that people who work in tech put a high value on flexible working when considering a job offer, with 88 percent of professionals considering it to be more important than other benefits like private healthcare insurance, enhanced pension scheme or commission or bonuses.

December 19, 2016

UK employers predict workforce growth in 2017 along with more inclusive hiring ⁰

by Sara Bean • Knowledge, News, Workplace

Four in ten (41 percent) of firms across the UK will grow their workforce in 2017 but uncertainty about the UK’s future relationship with the EU has shaken overall business confidence in the labour market claims a new report. According to respondents to the 19th CBI/Pertemps Network Group Employment Trends Survey, for the fourth year running, growth in permanent job opportunities will outstrip temporary recruitment. But the balance of those expecting the UK to be a more attractive place to employ people in the next five years has flipped from +16 percent in the 2015 survey to -21 percent in this year’s results. In terms of engagement, over three quarters (76 percent) of respondents reported that a diverse and inclusive workforce is vital or important to the future success of their organisation. They report a range of benefits of inclusive workplace practices including increased skills (73 percent), attraction and retention of staff (60 percent) and engagement levels (46 percent).