April 13, 2017
UK productivity crisis deepens…but technology probably isn’t the solution 0
Following last week’s report from the ONS on the UK’s intransigent productivity challenge, and the Bank of England’s Chief Economist Andy Haldane’s intervention on the issue, a new report from accountants and business advisers BDO claims that the UK’s productivity crisis is deepening, rather than improving. The latest report claims that while firms are continuing to hire more staff, business output is struggling to pick up. The amount of output produced for each hour worked is therefore likely to slow further, undermining the UK’s already low productivity levels. This is despite the steady increase in employment levels which have been relatively unaffected by the uncertainty surrounding Brexit.






Today (29 March) the Prime Minister triggers Article 50 to begin the UK’s exit from the European Union, and a new piece of research claims that almost two thirds (62 percent) of HR professionals expect this to impact their HR strategy and more worryingly, over a third (35 percent) say that the leave vote will impact the profits of their business. According to the research from employee benefits specialist Secondsight, 37 percent have opted not to hire over the coming year, and 39 percent agreed that recruiting the right people into their business will now be more difficult than before the decision to leave was made. However, on a more encouraging note, 95 percent of the HR professionals surveyed will see their budget rise in 2017, and 18 percent plan to introduce new benefits in the year ahead.
















October 24, 2016
How and why employee fitness became part of the corporate agenda 0
by Michael Page • Comment, Wellbeing, Workplace design
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