Search Results for: benefits

HR set to be the powerhouse of business in the open economy of 2020

HR set to be the powerhouse of business in the open economy of 2020 0

by • Flexible working, News, Technology, Workplace

A new report commissioned by Samsung claims that by 2020, the impact that changes in society and technology will have upon the future of the workplace will elevate Human Resources (HR) to a powerful new role. The arrival of what Samsung calls the open economy will create a new environment in which a breed of ultra-flexible freelancers will prosper. Their arrival will present great opportunities for those organisations that embrace them but there will be significant challenges as well. Automation will be increasingly prevalent, but human skills will also rise in value as whole new job categories will be created around creativity, human judgement and intuition capabilities –positioning HR at the forefront of dealing with the significant industry changes. Emerging technology and artificial intelligence will undoubtedly create great change in many industries but it will also release human workers from mundane and repetitive tasks, liberating a workforce where human judgement and expertise becomes the centre of any organisation’s human resources.

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Germany most popular country for career relocation, despite lack of flexible working

Germany most popular country for career relocation, despite lack of flexible working 0

by • Flexible working, News, Wellbeing, Workplace

Nearly three quarters of European employees would consider career opportunities abroad, with Germany voted the most desirable place to work claims a new study of nearly 10,000 working adults across Europe. According to research by ADP which looked at how employees feel about the future of work, international competitiveness and talent management, European employees have a strong appetite for international work, as almost three quarters (74 percent) would consider other countries for career opportunities. At 21 percent, Germany tops the list of most popular places to relocate, with the United Kingdom (15 percent) and France (12 percent) in second and third place; with North America surprisingly coming in much further down the list in 12th place. Despite their popularity, Germany, the UK and France aren’t particularly strong in any of the areas measured in the survey, such as skills and development, flexible working options and stress in the workplace.

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Demanding working culture in City of London creates ticking stress timebomb

Demanding working culture in City of London creates ticking stress timebomb 0

by • News, Wellbeing

Demanding bosses and increased work pressures are turning up the pressure and stress levels for City workers with staff expected to be always available, new research from MetLife claims. Its study of 104 senior decision makers from financial institutions and investment banks found 95 percent say they are expected to be always available for work with weekends seen as a continuation of the normal working week. They work on average 23 weekends a year, with 50 percent of executives saying weekends have been disturbed by work at least 25 times in the past year. Complaining about stress makes no difference – just one in seven (14 percent) of those questioned say bosses have taken action when they have complained about pressure at work.

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Millennials now less likely to give up job security, but still want flexible work

Millennials now less likely to give up job security, but still want flexible work 0

by • Flexible working, News, Wellbeing, Workplace

Millennials less likely to leave security of their jobs, but still want flexible work

Millennials are less likely to leave the security of their jobs this year as the events of 2016; terror attacks in Europe, Brexit, and a contentious US presidential election appear to have rattled their confidence. This is according to Deloitte’s sixth annual Millennial Survey of nearly 8,000 millennials from 30 countries, which found that the “loyalty gap” between those who saw themselves leaving their companies within two years and those who anticipated staying beyond five years has moved from 17 percentage points last year to seven points. The desire for security is also apparent in the finding that, while millennials perceive across-the-board advantages of working as freelancers or consultants, nearly two-thirds said they prefer full-time employment. Those in highly flexible organizations appear to be much more loyal to their employers and are two-and-a-half times more likely to believe that flexible working practices have a positive impact on financial performance than those in more restrictive organizations. Three-quarters of those offered flexible working opportunities say they trust colleagues to respect it, and 78 percent feel trusted by their line managers.

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Neuroscience can function as a management tool for personal development

Neuroscience can function as a management tool for personal development 0

by • Comment, Workplace

More and more employers, especially big corporates, are looking at ways to improve employee satisfaction, creativity and productivity. The business of managing change in the workplace has received much attention. It’s a clever game, and one that’s fuelling a booming growth in neuroscientific consulting. Coaching staff to embrace change and think about personal growth, alongside individualised learning programmes are hot topics in the business world. Brain science is a growth industry and it’s providing interesting answers to many important questions about why affecting change in the workplace has historically suffered low success rates, and how that can change.

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Connectivity, innovation and uncertainty are driving workplace change, claims report

Connectivity, innovation and uncertainty are driving workplace change, claims report 0

by • Facilities management, News, Technology, Wellbeing

Sodexo has published its 2017 Global Workplace Trends report, which claims to define the most critical factors affecting the world’s workers and employers. According to the report, the trends portray a workplace that blends work life with outside life, catering to employee needs through improvements in wellness, space design and learning programs. “With this piece, we’ve distilled key findings from different sectors, generations and countries to produce a report that provides a holistic view of the global workplace,” said Sylvia Metayer, CEO, Worldwide Corporate Services segment, Sodexo. “It’s critical for business leaders to recognise the underlying trends driving change, to evaluate their significance and stay ahead of—rather than follow—them.”

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New report gives a clear picture of contribution of EU nationals to the UK economy

New report gives a clear picture of contribution of EU nationals to the UK economy 0

by • News, Workplace

A new analysis by the Institute for Employment Studies prepared for the European Parliament offer a snapshot of the number, status and characteristics of EU27 nationals living in the UK, and UK nationals living in Europe. The report, Brexit implications for employment and social affairs: facts and figures, found that UK expenditure on welfare benefit is more than forty times lower than expenditure for UK nationals. Overall, the researchers concluded that EU migrants are net contributors to the UK economy in terms of taxes and welfare benefits. This research found that the total number of EU-27 nationals living in the UK grew from 1,345,000 in 1990 to 2,988,072 in 2015. The EU-27 population in the UK is made up of a large number of young people, particularly those aged between 25 and 34. Meanwhile, the number of UK citizens living in the EU grew from 661,505 in 1990 to 1,216,041 in 2015. In comparison with the UK domestic workforce, the employment rate of EU-27 nationals in the UK is higher and the unemployment rate lower. EU-27 nationals in the UK are more likely to be employed in low-skilled work and UK citizens working within the EU-27 tend to be employed in high-skilled occupations. The UK expenditure on welfare benefits for EU-27 nationals is more than 40 times lower than the expenditure for UK nationals, with very little variation over time.

Flexible hours is main reason self-employed are happier than traditional workers

Flexible hours is main reason self-employed are happier than traditional workers 0

by • Flexible working, News, Wellbeing, Workplace

Self-employed happier than traditional workers due to flexible workingFlexible working hours and being their own boss makes the UK’s self-employed much happier than those in traditional employment a new survey claims. According to the latest set of findings from the ‘Definitive Study of the Self-Employed,’ commissioned by Intuit QuickBooks, the self-employed generated mean annual revenues of £32,623 (£5,000 more than the average UK salary), despite working 10 hours less per week. Of those who have been a salaried worker, two thirds (66 percent) claim to be financially better off or the same and 65 percent also feel better off in terms of ‘life satisfaction’. When the research considered nuanced reasons for choosing to work for oneself ;control of schedule (77 percent), more flexibility to work to one’s own terms (68 percent) and liking being one’s own boss (65 percent) were leading reasons, with not worrying about workplace politics (47 percent) also regularly referenced.

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The office of the future should be defined by the age of its inhabitants. But not in the way you think

The office of the future should be defined by the age of its inhabitants. But not in the way you think 0

by • Flexible working, News, Workplace design

The office of the future is most commonly seen as the habitat of Millennials. But there are all sorts of flaws in this assumption. Apart from the casual stereotyping of a diverse demographic of people, the most glaring is the fact that the workforce is ageing rather than getting younger, and that most offices must now meet the needs of a wider range of age groups than at any time in their history. A new report from Totaljobs seeks to redress the balance in this regard. It suggests that some of the key features of the office of the future will not be slides and ping pong tables but flexible working areas, quiet spaces, spas and private medical rooms. The study claims that the fixation with Millennials means that a large number of older workers now feel that the design of offices does not meet their needs.

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Wellbeing, culture and engagement are three main drivers for positive workforce

Wellbeing, culture and engagement are three main drivers for positive workforce 0

by • News, Wellbeing, Workplace

 

The three main drivers of positive employee experiences are wellbeing, culture and engagement claims the latest State of the Industry Survey by Virgin Pulse. The report goes on to suggest that organisations that invest in these three key areas will see a measurable impact on business performance and outcomes. For example, the results revealed that 78 percent of organisations view employee wellbeing as a critical component of their business strategy; and 74 percent of employers with strategic, holistic wellbeing programs saw improvements in employee satisfaction and 65 percent saw improvements in organisational culture. In fact, 95 percent of organisations view culture as important for driving business outcomes; while 80 percent of organisations plan to improve corporate culture in the coming year. Engagement investments also have a strong impact on business results.

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One in five people say the workplace is where they are most unhappy

One in five people say the workplace is where they are most unhappy 0

by • News, Wellbeing

A new report from the charity Central YMCA claims to highlight the major role employers have to play in supporting the nation’s wellbeing. The report is based on a study of 1,000 UK adults undertaken by the charity which found that being at work is the most common situation in which people feel their happiness is decreased – with a fifth of people stating this. The research also found that finding free time for leisure, family and friends, and socialising was key to achieving good levels of wellbeing.  Respondents stated they feel wellbeing at its highest when on holiday (66 percent), when spending time with family (56 percent), or whilst socialising with friends (49 percent) – signalling the importance of creating a healthy work-life balance.  Despite these stats, recent studies show that the average British worker puts in the equivalent of 38 working days over and above their contracted annual hours.

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Employers should offer flexible working to solve recruitment crisis in EMEA

Employers should offer flexible working to solve recruitment crisis in EMEA 0

by • Flexible working, News, Workplace

Employers must offer flexible working to solve recruitment crisis in EMEAEmployers across Europe, the Middle East and Africa (EMEA) are facing an increasingly competitive recruitment landscape in 2017, but what might help candidates choose one organisation over another will be more opportunities for flexible working, claims a new global study by the Futurestep division of Korn Ferry. Specifying which qualities they thought would entice candidates to choose one organisation over another in five-years-time, respondents reflected that flexible working (27 percent) would likely lead the charge. In Part One of Talent Forecast Futurestep’s global survey of more than 1,100 hiring professionals almost half (48 percent) of EMEA respondents report that it has become harder to source qualified candidates over the past 12 months. Additional findings compiled for the report suggest that ongoing disruption and changing candidate demands will combine to create an increasingly volatile market for talent in 2017.

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