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Ethnic diversity in FTSE 100 leadership pipeline improves for first time in four years

Ethnic diversity in FTSE 100 leadership pipeline improves for first time in four years

A new study from recruitment consultancy Green Park claims that the leadership pipeline, supplying the highest tier of management in FTSE 100 companies now includes the highest level of ethnic minority talent for four years. According to the study, progress is being made with ethnic minorities moving up the management funnel, though at five percent of those in the pipeline it still is not a fair representation of British society. While the pipeline is improving there remains a question over whether minorities can break through the glass ceiling, as the top roles in companies remain a closed shop for ethnic minority and female leaders. There has been a decrease of 18 percent in the number of ethnic minorities holding positions at Chair, CEO and CFO level in FTSE 100 companies.  Almost six in 10 (58 percent) main boards in the FTSE100 currently have no ethnic minority presence. This is a slight improvement on the 62 companies that recorded all-white main boards in last year’s report. Yet it calls into question whether the target set in Sir John Parker’s consultation document that no FTSE board should remain mono-racial by 2020 will be met.

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Shake up of working culture and practices recommended to reduce pay gaps

Shake up of working culture and practices recommended to reduce pay gaps

All jobs should be advertised as available for flexible working, and greater support should be given to fathers to play more of a role in child care, in a shake-up of culture and working practices to reduce pay gaps, the Equality and Human Rights Commission said today. The call comes as the Commission’s strategy for tackling gender, ethnicity and disability pay gaps is released. A strategy to reduce pay gaps in Britain makes six recommendations outlining the action needed by government, in society and in our businesses to improve equality in earnings for women, ethnic minorities and disabled people. According to the EHRC, offering all jobs as flexible will remove the barriers faced by women and disabled people, who are more likely to have to negotiate flexible working or accept part-time jobs that are often low-paid. Creating work places with flexible cultures will increase opportunities for everyone, giving people greater choice about the role they play both at work and home. More →

Job vacancies are on the rise, but pay and productivity remains stagnant

Job vacancies are on the rise, but pay and productivity remains stagnant

Job vacancies are on the rise but pay and productivity remains stagnantUK employment is predicted to grow strongly in the third quarter of 2017, but wage growth is likely to remain weak, according to the latest CIPD/The Adecco Group Labour Market Outlook. Although the UK labour market remains buoyant, basic pay award expectations for the next 12 months remain at just 1 percent. Put against the backdrop of poor productivity growth, the report points to an increase in labour supply over the past year as a key factor behind the modest pay projection. This is driven by relatively sharp increases in the number of non-UK nationals from the EU, ex-welfare claimants and 50-64 year olds. This increase in labour supply may explain why the jobs market remains challenging for some jobseekers, especially those seeking lower-skilled jobs. Employers report a median number of 24 applicants for the last low-skilled vacancy they tried to fill, compared with 19 candidates for the last medium-skilled vacancy and eight applicants for the last high-skilled vacancy they were seeking to fill. Overall, employers felt that around half of applicants were suitable for each role they were trying to fill.

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Reducing the risk of personal gambling becoming a corporate fraud issue

Reducing the risk of personal gambling becoming a corporate fraud issue

A recently leaked confidential report for the betting industry says that, if introduced, the new rules to encourage responsible gambling in the UK would lead to closure of half of the country’s bookmakers and the loss of around 20,000 jobs. The report follows widespread concerns about the controversial use, and misuse, of Fixed Odds Betting Terminals (FOBTs) in betting shops which, have been shown to be one of the major causes for problem gambling behaviour (due to their addictive play). They allow customers to place wagers as high as £100 every twenty seconds. With gambling becoming ever more accessible through the spread of FOBTs, the growing number of online betting platforms and access to casinos on the high street, the pressure of funding a gambling habit has become one of the main reasons why people commit corporate fraud.

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Employees rate the best UK companies for work life balance

Employees rate the best UK companies for work life balance

Jobsite Glassdoor has today identified the UK employers which offer the best work-life balance, according to individuals on the Glassdoor website. Winners are ranked based on their overall work-life balance rating from employees in the UK during the past year. For reporting simplicity, ratings are rounded to one decimal place though actual calculations extend beyond the thousandth to determine rank. According to the rankings, the five best employers in 2017 are Expedia, Lookers, American Express, HomeServe and Peninsula.

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Could a four-day week help improve UK productivity?

Could a four-day week help improve UK productivity?

Over half (61 percent) of office workers believe they’d improve their performance levels if they worked a four-day week; and 40 percent believe they would be more productive working remotely. This is according to new research which claims that UK productivity has fallen dramatically, with one in three (31 percent) office workers admitting they are unproductive for a huge two hours every day. The report, commissioned by office products firm Fellowes, argues that despite being the fifth largest economy in the world, the UK sits 15th in the productivity table, lagging behind the likes of Sweden (31 hours p/w), Denmark (27.2 hours p/w) and Norway (27.3 p/w) – who all work, on average, less hours per week than Brits (32 hours p/w). As a third of workers are essentially working a six-hour day, many believe it’s time to look towards Scandinavian countries like Sweden – who recently trialled a 6-hour working day – where employees have more flexibility to choose when and where they work.  More →

Government to create new civil service hubs in Cardiff and Edinburgh

Government to create new civil service hubs in Cardiff and Edinburgh

The UK government has announced that it has signed a 25 year lease at the Central Square development, Cardiff to create a new civil service ‘hub’. The news follows a similar announcement that a new lease had been signed for a hub in Edinburgh, as the government sets out to rationalise its estate and increase the number of civil service jobs outside London. The deal is part of the Government’s Hubs Programme which it claims ‘will transform the way the Civil Service works by accommodating several government departments in one building, across the country’. The programme plans to deliver over a billion pounds of savings, free up land for housing and reduce government buildings from 800 to around 200 by 2022. The UK Government has agreed to lease 265,000 sq ft in the Cardiff city-centre development, which will accommodate over 4,000 public servants from several different UK Government departments. HMRC will be the majority occupier and Central Square will become one of their regional centres. The office will be ready by 2020 for civil servants to occupy.

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Over a quarter of employers are struggling to keep their workforce engaged

Over a quarter of employers are struggling to keep their workforce engaged

Nearly one in three (28 percent) of employers are struggling to keep their employees engaged, claims new research from totaljobs, with staff spending too much time internet browsing, being constantly late and chatting with colleagues. Over half of employers said lower productivity (59 percent) and internet browsing (55 percent) were clear signs of lower engagement they were seeing in the workplace. Worryingly, 62 percent said poor performance was a common problem as a result of a lack of engagement. Almost half (48 percent) of employers also report disengaged employees continue to arrive late and leave early, while 41 percent said chatting with colleagues suggested a lack of workplace engagement. The same number again said taking too many breaks during work hours might also indicate disengagement, as well as employees appearing distracted. But when it comes to tackling a lack of employee engagement, one in two employers (51 percent) said clear communication, via email, newsletters and team meetings for example, was an effective strategy to improve engagement. Nearly half (46 percent) of employers said setting out clear objectives for both individuals and teams was also effective.

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Being on a temporary or zero-hours contract is bad for your wellbeing, especially if you’re young

Being on a temporary or zero-hours contract is bad for your wellbeing, especially if you’re young

Two major new studies claim to show the impact of temporary or insecure work on the wellbeing of people, especially younger workers. Research into the lives of 7,700 people from the UCL Institute of Education (IOE) suggests that young adults who are employed on zero-hours contracts are less likely to be in good health, and are at higher risk of poor mental health than workers with stable jobs. Meanwhile, an analysis from the Institute for Public Policy Research (IPPR) and Business in the Community suggests that younger workers (born since 1982) in part-time and temporary work – or who are underemployed and/or overqualified – are more likely to experience poorer mental health and wellbeing, compared to younger workers in more permanent and secure work.

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Other UK cities must rebalance London-centric commercial property market

Other UK cities must rebalance London-centric commercial property market

It is up to the UK’s other cities to rebalance the country’s London focussed commercial property market according to a new report, ‘What investors want: a guide for cities’, published by the think tank Centre for Cities with support from Capita. It examines the top priorities for investors when choosing which places to invest in, and offers practical advice for cities on how to make their places as attractive as possible for investors. The report shows that just over half of all investment in Britain’s commercial property market in 2016 – worth over £43bn in total – was spent in London. This was significantly more than the South East, the second most successful region, which secured nearly £5bn of investment, equivalent to 11% of the total share across Britain.

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Job insecurity fears more than double in aftermath of Brexit vote

Job insecurity fears more than double in aftermath of Brexit vote

A survey of 1,257 British workers claims that job insecurity has more than doubled since the decision to leave the EU, with the percentage of those feeling insecure in their jobs rising from 5 percent to 13 percent. According to the study from Office Genie, for those who felt secure, Brexit has also done considerable damage: job security levels have dipped by 17 percent. Pre-referendum, 70 percent of workers felt secure in their job, now just over half (58 percent) feel secure. Nearly three quarters (70 percent) of the workforce believe it’s an employer’s duty to calm Brexit-related distress. 54 percent of workplaces have experienced such concerns but only 31 percent of these employers chose to comfort staff.

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People who are not economically active should be helped into the gig economy claims think tank

People who are not economically active should be helped into the gig economy claims think tank

Following last week’s publication of the Taylor Review into modern working practices, a new study from public sector think tank Reform makes recommendations for how government should help people into the gig economy, with a focus on those who are often economically inactive or restricted in the opportunities they have. In the report, Gainful Gigging, older and disabled people are explored as potential winners from recent growth in flexible working. Both groups are significantly less likely than average to be economically active, and many face significant work barriers. Around half of all 50-64 year olds manage at least one long-term health condition. Of the 3 million in this age group that are economically inactive, around 12 per cent spend over 20 hours per week looking after a sick, disabled or elderly person. Greater work flexibility could help them to enter the labour market, according to the report’s authors. In a survey of disability benefit claimants, many indicated that “flexible work, working from home [and] working less than 16 hours per week” would help them sustain employment. A review of the Work Capability Assessment for sickness benefits also found half of those deemed ‘fit for work’ require flexible work hours.

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