Search Results for: cost of living

Manchester is being chosen over London as location for tech start-ups

Manchester is being chosen over London as location for tech start-ups

Manchester is being chosen over London as location for tech start-upsThe new northern home of the BBC is giving London a run for its money when it comes to siting offices for the UK’s top tech talent, with Manchester leading the way, according to CWJobs. The recruitment firm found that those who consider London to have the best talent, the most likely (75 percent) reason for this being the concentration of tech companies. Of those employers who believe Manchester has the UK’s best tech talent (9 percent), 56 percent believe this is due to better tech-focused educational institutions (vs 43 percent who thought London’s were better). (more…)

Flexible hours and opportunities for growth help reduce graduate job-hopping

Flexible hours and opportunities for growth help reduce graduate job-hopping

Flexible hours and opportunities for growth help reduce graduate job-hoppingThe latest generation of workplace recruits, the so-called Gen Z graduates, are more likely to stay in their first role if flexible working and mentoring is on offer, new research claims. According to graduate jobs board Milkround, while over half (55 percent) of new graduates’ plan to stay in their first role for less than two years, 76 percent can be encouraged to stay longer with training/mentorship and 63 percent with flexible hours. They are also ambitious and have high expectations, with 65 percent believing they will work in their dream industry. This impacts what is expected of employers and could hold the key to encouraging this new generation to stay in roles longer. This change in expectations begins before they start their new role – 68 percent of graduates are calling for more detailed job descriptions and 57 percent would like to have an open line of communication with their line manager from the moment they accept a job.

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Older workers need more support in the workplace, claims report

Older workers need more support in the workplace, claims report

Longer working lives have become a reality for millions, yet a significant number of older workers feel unsupported in the workplace, according to new findings from Aviva which claim to highlight the need for UK businesses to boost support for their older workforce. Almost two thirds (63 percent) of the 10.2 million over-50s in work – equivalent to 6.4 million people – are planning to retire later than they thought they would 10 years ago. Many of them are extending their working lives due to the rising cost of living (40 percent) and insufficient pension savings (38 percent).

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Prague best city in the world for remote working, but Johannesburg has cheapest coffee

Prague best city in the world for remote working, but Johannesburg has cheapest coffee

New research has revealed the top 15 cities worldwide that are best for remote working and Prague is on top, with London ranked as the 5th best city in the world for remote workers. Inspired by the top 15 cities listed in InterNation’s Expat City Ranking Report, Powwownow analysed the cost of living, average monthly salary, internet speed, price of coffee, and cost of public transport in different places across the world. Cities were individually scored on each factor and ranked by the total number of points, to calculate the top 15 cities around the world. Calculating an overall ranking for each city, Prague was revealed to be the best city worldwide for remote workers. (more…)

Global employers focus on mobile talent to help support new ways of working

Global employers focus on mobile talent to help support new ways of working

Global employers focus on mobile talent to support future ways of workingThe digital era, ageing populations, skills shortages, and unpredictable political and economic contexts are persuading multinationals to focus more on mobile talent, new ways of working and assessing the cost of expatriate packages for international employees that are critical to the future of work. This is according to Mercer’s 24th annual Cost of Living Survey which reveals that factors such as instability of housing markets and fluctuating inflation, currencies and prices for goods and services, are impacting the cost of doing business in various cities around the world. UK cities have significantly risen in the ranking this year. (more…)

Three quarters of employees now expect to work beyond age of 65

Three quarters of employees now expect to work beyond age of 65

The proportion of UK employees who say they will work beyond the age of 65 has remained at three-quarters (72 percent) for the second year running, significantly higher than in 2016 (67 percent) and 2015 (61 percent), according to research from Canada Life. Nearly half (47 percent) of those who say they expect to work beyond 65 will be older than 70 before they retire, up from 37 percent in 2017, while almost a fifth (17 percent) expect to be older than 75. Workers aged 35-44 are most likely to say they expect to retire after their 75th birthday (27 percent).

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New RSA report highlights increasingly precarious and diverse nature of work

New RSA report highlights increasingly precarious and diverse nature of work

work gig economy flexible workingBritain is dividing into seven new classes of worker as the gig economy grows, according to think-tank the RSA (the Royal Society for the encouragement of Arts, Manufactures and Commerce). Striving, Thriving or Just About Surviving has been published to coincide with the launch of the RSA’s Future Work Centre, following RSA chief executive Matthew Taylor’s employment review for Theresa May last year. The report warns of a 30:40:30 society: while around 30 percent live comfortably, economic insecurity is “the new normal” with 40 percent just managing and a bottom 30 percent not managing to get by.

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Warnings of widening gender pay gap as women are hit hardest by low pay

 

It is Equal Pay Day today (Friday 10th November) – the day in the year which is marked in the calendar as the one where women start to work for free, and the campaigning charity the Fawcett Society has warned that the pay gap is actually widening for some groups of women and will now take 100 years to close, based on the current rate of change. Research by the Living Wage Foundation published to mark the day has also revealed women are hit hardest by low pay in the UK. Women make up nearly two thirds (62 percent) of workers currently struggling to make ends meet on less than the real Living Wage claims the Foundation, which amounts to 3.4 million women compared to 2.1 million men. Nearly 1/3 of all UK working women (26 percent) are still earning less than the Living Wage, compared to just 16 percent of all working men. And this trend has been the case since 2011, when KPMG and the Living Wage Foundation launched its annual Living Wage report.

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UK remains the most attractive country for employers and employees

UK remains the most attractive country for employers and employees

UK remains the most attractive country for employers and employeesDespite recent figures indicating that work productivity is down in Britain, the UK remains a highly attractive country for employers and employees based on a combination of talent, location, quality of life and cost, according to the latest edition of Colliers International’s European Cities of Influence report. The analysis of 50 major European economic cities for employers saw London retain its top position, with all other UK cities in the analysis featuring in the top 20 (Birmingham, Edinburgh, Manchester, Bristol and Glasgow).The report finds that quality of life factors are important to accelerate business and attract talent with the research revealing that the nature of workplace strategy is evolving so rapidly that keeping up — let alone staying ahead of the curve — can be a challenge. Employers are now focused on creating a workplace that can attract and retain talent by incorporating co-working and collaborative facilities, flexible working options and ingraining a healthy mindset. With the onus on keeping employees happy and productive, the design and utilization of the workplace is helping to accelerate business productivity more than ever before.

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Millions of older workers fear poor health will shorten their working lives

Even though the age of the working population in the UM continues to rise, more than half of over fifties people have concerns around work and its impact on their health as they age, with women (61 percent) particularly worried about this. According to the study from Aviva, 13 percent intend never to stop work completely although only 14 percent of older workers say their workplace culture is positive towards them. According to Aviva’s latest Real Retirement study, 55 percent admit to fearing that work will become detrimental to their health or they might not be well enough to keep working, including 13 percent who say this is already an issue for them. Fewer than one in five (17 percent) over-50s workers say they have access to wellbeing advice and initiatives in the workplace which could help prevent health issues from impacting their careers.

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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

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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Manchester leads the UK as regional creative talent market place for tech and media

Manchester leads the UK as regional creative talent market place for tech and media 0

Manchester leads the UK regional creative talent market to house tech and media

Manchester tops the ranking as the leading UK regional creative talent market, having the key ingredients required by this sector to progress and develop as a future destination for the creative industries (including publishing, film, TV, media, digital, computer programming and information services). This is according to ‘Creative Regions’, a first of its kind report, showcasing the Top 25 Regional Creative locations in the UK [outside of London] published by CBRE. Common characteristics of successful creative locations, suggest the report, include large concentrations of creative businesses and professionals, deep talent pools of highly educated graduate populations, large and growing millennial populations, good transport connections, quality of life and proximity to world class universities with strong research and computer science ratings. The report’s also found that Reading punches well above its weight as a creative talent destination, given the size of its office market; Scotland features particularly well with Edinburgh and Glasgow in the top five list, and 11 of the top 25 creative talent locations are in the East and South East.

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