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GDP should be replaced by new indicators of prosperity and wellbeing

GDP should be replaced by new indicators of prosperity and wellbeing

Two people laughing together to illustrate the principle of wellbeingAs the consequences of climate change, social tensions and high levels of inequality are increasingly evident, the Bennett Institute for Public Policy at the University of Cambridge, led by Professor Diane Coyle, has published its initial report on how to improve economic measurement by replacing GDP as the standard measure for national prosperity with others that include wellbeing and social and environmental capital. (more…)

London now has its own Good Work standard

London now has its own Good Work standard

The Mayor of London has launched the city's own good work standardThe Mayor of London Sadiq Khan has launched London’s Good Work Standard, pledging to make London ‘the best place to live and work’.  The standard has been developed in partnership with CIPD, claims to bring together good employment practice with resources and guidance written by CIPD experts and tested with London based CIPD members, the framework sets out to support employers of all sizes across the city improve their people management practices and create good work for all.

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Employers missing opportunity to unlock emotional intelligence

Employers missing opportunity to unlock emotional intelligence

Emotional intelligence or emotional quotient (EQ) is an increasingly popular buzz phrase in business and understanding its impact in the workplace is becoming crucial to employers in getting the most out of their staff. A new survey from Lee Hecht Harrison Penna claims the importance placed by people managers both on finding EQ in staff, and demonstrating it themselves. The study claims the changing mind-set of managers, who see EQ as key to the career development and professional success of their employees. (more…)

Toxic workplace environments plague accountancy profession

Toxic workplace environments plague accountancy profession

The toxic workplace illustrated by a bottle of poisonToxic workplace environments plague the accountancy profession, according to new research from CABA, a wellbeing charity for chartered accountants. The survey of over 250 accountants suggests that over half of chartered accountants think their workplace is toxic. Communication issues, working unrealistic hours and cliquey colleagues are also cited in the study.  The survey found that 55 percent of respondents believe their workplace to be toxic.

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The tipping point for flexible working arrives

The tipping point for flexible working arrives

Although people have been talking about flexible working in one way or another for decades – the economist John Maynard Keynes declared in 1930 that technological advances would lead to a 15-hour working week – we may now be at the tipping point where work takes on an entirely different character. (more…)

Half of self-employed workforce now over 50

Half of self-employed workforce now over 50

Over 50 and self-employedThe number of over 50s working for themselves made up 46 percent of the UKs entire self-employed workforce in the first three months of  2019, according to new research from jobs and volunteering board Rest Less. There are now 2.27 million over 50s who are self-employed – up from 1.45 million 10 years ago, an increase of 57 percent in a decade. The survey looked at data from the Office of National Statistics to highlight self-employment trends amongst the different demographic groups in the UK. (more…)

Number of flexible benefits programmes continues to rise

Number of flexible benefits programmes continues to rise

New research from Aon, claims that flexible benefits programmes continue to be popular within organisations, despite communication challenges and a potential impact from 2018’s optional repayment arrangement (OpRA) regulations. Aon’s Benefits and Trends Survey 2019 claims that 45 percent of employers say they already have an online benefits or flex portal, with a further 20 percent saying they plan to introduce one within the next three years. This compares with last year’s 37 percent and 26 percent, respectively. (more…)

One dishonest co-worker can disrupt an entire workplace

One dishonest co-worker can disrupt an entire workplace

The devil takes the hindmost - how the actions of a co-worker can disrupt a businessA vicious cycle can begin with one little white lie from a co-worker, diminishing the ability of other employees to read others and then even undermining the entire workplace or business, finds a new study from researchers at Michigan, Harvard, Virginia and Olin Business School at Washington University in St. Louis. Dishonest deeds diminish a person’s ability to read others’ emotions, or “interpersonal cognition,” the research found. In addition, the consequences can snowball. One dishonest act can set in motion even more dishonesty. (more…)

UK SMEs must leverage tech-friendly culture to secure talent

UK SMEs must leverage tech-friendly culture to secure talent

UK SMEs must create a tech-friendly culture to attract and retain top tech talent, according to a new white paper from Robert Half UK, Recruiting for the future: The challenges for UK SMEs. While remuneration and work–life balance are the top reasons for job moves, SMEs’ ability to offer an innovative  culture with high levels of responsibility is central to their ability to secure and retain talent over larger organisations. With the UK talent market suffering from a lack of digital skills, companies across all sectors are locked in a war for talent, competing with one another to hire skilled technology professionals to help their businesses adapt to increased digitalisation. (more…)

SMEs remain in dark about rights of disabled employees

SMEs remain in dark about rights of disabled employees

Firms unaware of rights of disabled employeesDespite ambitious government policies to get a million disabled people into work over the next ten years, the latest ONS data shows a minuscule 5 percent increase since the 2017 goal, which would only see a total of merely 5,800 disabled people in work by 2027 if the pattern continues. In light of the disability employment issue, a new survey of UK SME owners conducted by Bolt Burdon Kemp claims that 95 percent of respondents don’t know the full legal rights of disabled employees. (more…)

Agile working? This is Frank’s World and the rest of us just live in it

Agile working? This is Frank’s World and the rest of us just live in it

An early example of agile working James Joyce had a word for moments of insight when we see right through convention and suddenly appreciate how things really are. He called such moments epiphanies. Such a flash of insight happened to me three or four years ago in Texas. I had been explaining to the partners of a very large international client how they could use their office space more effectively. Since these partners were rightly concerned with driving down occupancy costs, including rent, property taxes, service charges and energy costs throughout all their operations everywhere, my proposals were very acceptable. (more…)

Organisations upskilling to make sense of people data

Organisations upskilling to make sense of people data

New research claims that there has been a huge rise in the number of people analytics teams as HR is called on to take an increasingly strategic role in shaping business performance. Innovation generation: the big HR tech disconnect, a report released by Thomsons Online Benefits, claims there has been a significant increase in the proportion of UK-based global organisations building people analytics teams, rising from 8 percent to 43 percent in just three years. With tech talent in short supply, the survey of 60 HR decision makers from UK-based companies suggests that employers are looking to upskill existing HR team members to make sense of the data now available to them. (more…)