Search Results for: media

Working mothers paid third less as maternal gender pay gap widens

Working mothers paid third less as maternal gender pay gap widens 0

UK gender pay gapThe gender pay gap is still prevalent within the UK workforce and the gap only widens further when women have children, according to a report published today. Research by the Institute for Fiscal Studies (IFS) funded by the Joseph Rowntree Foundation found that on average, women in paid work receive about 18 percent less per hour than men, but this wage gap is smaller when comparing women before they become mothers. The gap widens consistently for 12 years after the first child is born, by which point women receive a third (33 percent) less pay per hour than men. The widening of the hourly wage gap after childbirth is associated with reduced hours of paid work, but this is not because women see an immediate cut in hourly pay when they reduce their hours. Rather, women who work half-time lose out on subsequent wage progression, meaning that the hourly wages of men (and of women in full-time work) pull further and further ahead.

More →

Birmingham reaches over half a million sq ft office take-up so far this year

Birmingham reaches over half a million sq ft office take-up so far this year 0

Baskerville House in Centenary Square, Birmingham Birmingham is set to surpass the 1 million sq ft mark for office occupational activity this year. Following its busiest first quarter to date – office take-up in the Birmingham city core reached 217,295 sq ft in 40 deals during the second quarter. When added to the 283,697 sq ft in Q1 2016, the half year to date totals 500,992 sq ft.  According to Colliers, despite Brexit uncertainty, the level of transactional activity remained strong and was above the five-year quarterly average. While the average size of transactions was lower in comparison to this time last year, due to the much publicised HSBC lease, there were a number of significant deals. Network Rail secured 85,000 sq ft over three floors at Baskerville House in Centenary Square, bringing its three separate Birmingham offices together. However, the supply of Grade A office accommodation remains constrained as a result of continued demand for space from the occupiers, as well as the absence of the delivery of new stock before the end of 2016/early 2017.

More →

Uncompromising job candidates’ demands don’t include flexible work

Uncompromising job candidates’ demands don’t include flexible work 0

New job searchJob candidates are becoming more demanding claims a new survey, with three quarters (79.2 percent) of UK workers polled not willing to compromise on certain areas when looking for a new role. Unsurprisingly, 18.2 percent say that a low advertised salary would put them off a role entirely, but other less tangible issues would also dissuade them from pursuing an application. This includes unclear job descriptions (20 percent) and a long recruitment process (10.2 percent); while 7.8 percent revealed that poor communication throughout the recruitment process would drive them away from a company. The research, which was conducted by CV-Library, surveyed 1,000 UK workers and found that candidates are growing increasingly impatient with their job hunt. Other key deterrents cited were poor traits about the businesses themselves, including a bad reputation (9.5 percent), a high staff turnover (7.1 percent) and poor management (6.1 percent).

More →

Economic slowdown curbs demand for office space in Dubai

Economic slowdown curbs demand for office space in Dubai 0

Dubai Internet City (DIC)There has been a reduction in demand for office space in Dubai over the past six months, as the ripple effect of the oil price collapse and the subsequent economic slowdown in the rest of the Gulf reverberates across the emirate’s commercial property market. As firms retrench staff and reconsider their future strategy in the wake of global economic challenges, decisions to acquire, expand or move office space have commonly been put on hold according to Cluttons’ latest Dubai Office Market Bulletin. This has resulted in an exaggeration of the seasonal summer slowdown throughout late Q2 and early Q3 2016. Cluttons’ research also highlights that, the general lack of rental growth is unlikely to change in the short-term. Across the market as a whole, rents are not expected to fall much further, particularly as they are at a point where they are considered to be fair market value and landlords appear unwilling to lease below a certain level.

More →

How to save a sinking ship: lessons from Marissa Mayer’s experience at Yahoo

How to save a sinking ship: lessons from Marissa Mayer’s experience at Yahoo 0

marissa_new4_400x400When former Google employee Marissa Mayer joined Yahoo as its CEO in 2012, she inherited the company’s vast problems. Though it was once seen as one of the first tech behemoths, Yahoo’s inability to come up with ground breaking products like Google and others, put it in a slow, steady decline. Mayer was immediately tasked with trying to reinvigorate the stagnating company. Her focus was to find a way to identify and retain talent, while phasing out ineffective employees. However, Yahoo’s new management policies have brought about much debate and criticism from HR experts. A controversial book by journalist Nicholas Carlson titled “Marissa Mayer and the Fight to Save Yahoo!” paints a highly critical view of Mayer’s first years as CEO. In response others have defended her, arguing that she has done the best she can with the resources available, but has become a scapegoat for poor management, like so many other women in powerful positions.

More →

Brexit leads to ‘softening’ of employment market, claims CIPD survey

Brexit leads to ‘softening’ of employment market, claims CIPD survey 0

BrexitThe UK’s decision to leave the EU has resulted in a softening in hiring intentions and businesses should invest in skills immediately, according to the latest CIPD/Adecco Group UK & Ireland Labour Market Outlook. The report is based on employer sentiment in the two weeks before and after the EU Referendum and claims that employers surveyed ahead of the vote were somewhat more optimistic about hiring intentions than those surveyed afterwards. It suggests that the proportion of employers expecting to increase staffing levels over the next three months dropped from 40 percent pre-Brexit to 36 percent following the vote. The net employment balance, based on the difference between the share of employers expanding their workforce and those reducing it, dropped from +21 pre-Brexit to +17 post-Brexit. However, the fall was significantly sharper among private sector employers, with the post-Brexit employment balance declining to +25 from +39.

More →

The traditional office is still very much alive, but it is changing

The traditional office is still very much alive, but it is changing 0

mote_articleA skim through workplace features in the media and you’d be forgiven for thinking that the traditional office is no longer with us. According to the narrative, we’re all now 20-somethings, working in open-plan warehouses, with table football, bean bags and comfy sofas to lounge on, while drinking our custom-made soya lattes. When in actual fact, while more relaxed, fun and funky offices tend to make the headlines, the majority of people still work in a relatively traditional way, with their PC or laptop, a desk and an ergonomic task chair. What’s more, with an ageing workforce, we certainly aren’t all 20-somethings, with DWP (Department of Work and Pensions) figures revealing that the employment rate for people aged 50 to 64 has risen by 14 per cent in the last 30 years, and doubled for over 65s. So designing with just the youngsters in mind simply doesn’t add up. Recent research by the Senator Group, backs up this view.

More →

Connectivity creep is driving more people to switch off their devices

Connectivity creep is driving more people to switch off their devices 0

connectivity offFifteen million UK internet users have undertaken a ‘digital detox’ in a bid to strike a healthier balance between technology and life beyond the screen, according to a new Ofcom study. The study of around 2,500 people suggests that our reliance on the internet is affecting people’s personal and working lives, leading many to seek time away from the web to spend time with friends and family. Ofcom’s Communications Market Report 2016 finds that one in three adult internet users (34 percent), equivalent to 15 million people in the UK, has sought a period of time offline, with one in ten (11 percent) doing so in the last week alone. Of these digital down-timers, 25 percent spent up to a day internet-free; 20 percent took up to a week off; and 5 percent went web-free for up to a whole month. The most common reasons for taking a time out were to spend more time doing other things (cited by 44 percent) and more time talking to friends and family (38 percent).

More →

One in five UK workers believe their job is less secure due to Brexit vote

One in five UK workers believe their job is less secure due to Brexit vote 0

Around one in five employees in the UK are feeling pessimistic about the security of their current job because of the Brexit vote to leave the EU, a new survey by the CIPD claims. Answering a range of questions, including how they felt about the future as a result of the UK’s vote to leave the EU, around 44 percent of the 1,000 working adults who took part felt pessimistic about the future, with this being particularly high amongst public sector workers (61 percent), voluntary sector workers (58 percent) and people aged 25-34 (63 percent). 22 percent said they felt their job was less secure now. The CIPD’s survey also highlighted incidents of harassment and bullying in the workplace relating to the Brexit decision, with more than one in ten employees saying that they have experienced, witnessed or heard of incidents of harassment or bullying of a political nature and just under one in ten (7 percent) referenced incidents of a racist nature (7 percent).

More →

Growing number of people past retirement age still work to boost income

Growing number of people past retirement age still work to boost income 0

grey poundFor all that everybody bangs on about Millennials, it’s increasingly apparent that the workforce in most nations is actually getting older and that it’s not just Governments who are keen to keep older staff in work, but also people themselves. A new study from MetLife based on Government data claims that nearly one in seven over-65s in the UK are boosting their retirement income by working, earning around £296 in addition per week. The data suggests that the numbers of over-65s working has increased from just 8 percent of the pensioner population to 13 percent in the last ten years, the equivalent of 1.1 million people.  Median earnings from working are £296 a week adding up to annual pay of nearly £15,400. The need to keep working is underlined by the continuing squeeze on saving and investment income, which generates just £312 a year for pensioners on average. The proportion of pensioners earning money from investments has dropped from 72 percent in 2004/05 to around 64 percent now. Around 72 percent of all pensioners have private or company pensions compared with 66 percent a decade ago.

Brexit ‘passporting’ rights will affect City office property market

Brexit ‘passporting’ rights will affect City office property market 0

City of LondonOccupier demand for commercial offices may cool as a result of the Brexit vote, with recruitment and expansion slowing, particularly in central London, according to the latest UK property snapshot from Colliers. However, despite the current economic and political climate, unique and premium properties in the City of London should remain insulated against downward rental pressures, as landlords remain bullish on rents and incentives for the best quality units; while given the low vacancy environment and anticipated constraints on new supply, new Grade A offices are still set to perform well. Average net effective rents in the West End are set to fall over the next 6-12 months, but with new supply already below trend and potential speculative schemes being delayed, downward pressure may be short-lived. For the future, retaining ‘passporting’ rights to the single market will be an important issue for the City during Brexit negotiations. To view the full report click  here.

Acas issues guidance for employers on impact of Olympic Games

Acas issues guidance for employers on impact of Olympic Games 0

Rio 2016New guidance from Acas has been issued to help employers prepare for potential problems with employees that could arise during the 2016 Olympics Games in Rio de Janeiro next month. With Rio 2016 taking place in Brazil between 5th and 21st August, Acas has advised employers and small businesses to have agreements in place that cover requests for time off, sickness absence, website use during working hours or watching TV during this period. It is advised that employers should start planning as soon as possible to reduce the impact that the Olympic Games could have on their business as annual leave requests could be generally higher during the summer holiday period. Employers might want to gauge the level of interest in the games with their employees, have open communications about suggested changes to working practices which balance staff request with the needs of the business to minimise any potential impact on productivity.

More →