Search Results for: business

Extending reporting requirements may help close gender pay gap say MPs

Extending reporting requirements may help close gender pay gap say MPs

Extend reporting requirements to help close gender pay gap say MPs

Employers should be required to publish a narrative and action plan under Gender Pay Gap reporting requirements, the inquiry on executive pay and the gender-pay gap by the Business, Energy and Industrial Strategy (BEIS) Select Committee has recommended today. It has found that the requirements to publish data which came into force in April this year represents a ‘small but welcome step towards ensuring that women can make their fullest possible contribution in the workplace and to the economy’, but it calls for the Government to be more ambitious. Detailed statistics should be provided to aid analysis and organisations should explain what they are doing to tackle their gender pay gaps. Under the new rules employers would have to provide some narrative reporting alongside their gender pay statistics, with an action plan setting out how pay gaps are being and will be addressed, including objectives and targets. Subsequent reports would include progress against this action plan, including targets set. (more…)

Financial stress can impair employee performance and attendance

Financial stress can impair employee performance and attendance

Financial stress can impair employee performance and attendance

Businesses that fail to tackle their employees’ financial stress are more likely to encounter poor work performance, lack of engagement, mental health issues and staff absenteeism, a new report from Neyber has claimed. Since last year, there has been a significant increase in the number of employees affected by financial worries; up from 58 percent to 63 percent, as well as those with less than one month’s savings; up from 24 percent to 32 percent. This stress on individuals is having a severe business impact. One in four employees said they had lost sleep over money troubles in the last year, one in ten said that they couldn’t focus on work and 6 percent said they had had to take time off work. All this adds up to a substantial cost for employers to bear. Neyber has calculated that the lost productivity and increased absence and employee turnover associated with financial stress costs UK companies in the region of £120.7 billion every year.

(more…)

Treating employees as workplace consumers could help improve productivity

Treating employees as workplace consumers could help improve productivity

Treat employees as workplace consumers to help improve productivity says reportEmployers need to recognise the workplace as integral to delivering a business’ commercial strategy, and treat employees as ‘workplace consumers’ – creating ‘frictionless’ experiences and environments that help them perform to their best ability. This is according to a report: ‘Optimising performance: defining, designing, maintaining and evolving workplace experiences’ from Interserve, undertaken in partnership with Advanced Workplace Associates (AWA). The two-year study into the science behind effective working environments argues there is a need to radically re-envisage workplaces to optimise team productivity and maximise the value of physical working environments. It sets out a series of critical steps for knowledge-based businesses to revolutionise the workplace – and thereby aid employee performance. The report argues that traditional silos, from IT and HR to facilities, need to be broken down to integrate the management of the workplace as part of a ‘one-team’ approach; doing so will ensure companies can deliver a streamlined workplace experience which supports employee productivity.

(more…)

New research suggests that the confidence gap between men and women is a myth

New research suggests that the confidence gap between men and women is a myth

The confidence gap between men and women is a myth, according to Laura Guillén, Professor of Organisational Behaviour at ESMT Berlin, because women viewed as self-confident aren’t more likely to get ahead. For women, gaining influence at work is more closely tied to their warmth and caring than the appearance of self-confidence. Laura’s research, in collaboration with Margarita May of IE Business School and Natalia Karelaia of INSEAD, examined high-performing workers in a male-dominated technology company that employs more than 4,000 people worldwide. The research also suggests women are expected to care for others on top of their workload, whilst men are held to a lower standard of key performance indicators.

(more…)

Shortage of tech skills and 600,000 job vacancies costing UK economy £63 billion a year

Shortage of tech skills and 600,000 job vacancies costing UK economy £63 billion a year

An estimated 600,000 vacancies in digital technology are costing the country £63 billion a year, according to information provided by techUK in a report on skills shortages published by the Edge Foundation.The second of the education charity’s bulletins on the UK’s skills shortages, shines a spotlight on the tech industry and the devastating economic impact of the government’s failure to encourage young people to study relevant subjects and upskill existing workers. The bulletin, Skills Shortages in the UK Economy, brings together the most current statistics and analysis of skills shortages in the UK which cost the economy £6.3 billion each year in direct costs such as recruitment and temporarily filling gaps, according to the Open University’s 2018 Business Barometer.

(more…)

Google should be an example to all when it come to interactive workplace design

Google should be an example to all when it come to interactive workplace design

Google is known to be a wonderland for tech professionals everywhere. It is a sought after and coveted workplace, which is designed to cater to the individual. Comparably has recently named Google as the “tech company with the best corporate culture”, but how does this culture work beyond the realms of the Google institute? The question that many employers are asking is, does the Google culture really work? And is it sustainable for a normal business? Company culture has become a focus for recruiters and hiring managers, but if we break this down what does it actually mean? Company culture is shaped by the employees for the employees and should work in collusion with the services a business is providing. Google’s company culture model is based around flexibility and the freedom to be creative in a fun environment.

(more…)

UK employees no longer incur huge expenses entertaining clients

UK employees no longer incur huge expenses entertaining clients

UK employees no longer incur huge expenses entertaining clients as in decades pastLong corporate lunches were once the cornerstone of the corporate expense account, but new figures show just 13 percent of today’s workforce claim expenses for lunch at a restaurant, compared to 36 percent of those in the 1970s and 37 percent in the 80s. The data, released by Barclaycard, also claims that just 10 percent claim dinner at a restaurant with a client on their expenses. This is less than half the proportion who did so in the 1960s (34 percent), 70s (27 percent) and 80s (28 percent). Employees are also less likely to catch up with clients over drinks, with just seven percent regularly footing the bill for a round – approximately a quarter of the proportion who say they did so in the 1980s (27 percent). The expense management process itself has also become more formal, with a clear shift to self-service – almost two-thirds of today’s employees file their own expense claims compared to just over a third in the 1960s.

(more…)

Half of CIOs say Artificial Intelligence will lead to more jobs and improve productivity

Half of CIOs say Artificial Intelligence will lead to more jobs and improve productivity

Half of CIOs say Artificial Intelligence will lead to more jobs and improve productivity

Fears that Artificial Intelligence will destroy the job market are not shared by more than half (51 percent) of UK CIOs who see AI as a job creator. This is more than three times the number who say that it will diminish workers’ job prospects (16 percent). For the survey UK CIOs were asked, ‘Artificial intelligence is changing the way that companies operate and people work. Do you think AI will have a positive or negative impact on job creation and recruitment?’ Their largely positive response closely reflects that of a recent PWC report which predicts AI could create as many jobs as it displaces in the UK over the next 20 years. (more…)

MPs say more effort needed to tackle widespread sexual harassment in workplace

MPs say more effort needed to tackle widespread sexual harassment in workplace

More effort needed to tackle widespread sexual harassment in workplace say MPsSexual harassment in the workplace is widespread and commonplace, with unwanted sexual behaviours such as sexual comments, touching, groping and assault seen as an everyday occurrence and part of the culture in workplaces, and the Government, regulators and employers are failing in their responsibilities to tackle the problem says an influential group of MPs. Employers and regulators have ignored their responsibilities for too long, found the Women and Equalities Committee following a wide-ranging six-month inquiry and often legal protections are not available to workers in practice. The Committee found that despite 40 percent of women and 18 percent of men having experienced unwanted sexual behaviour in the workplace there has been a failure to tackle unlawful behaviours, despite the Government’s obligations under international law. The report calls on Government to focus on five priorities to put sexual harassment at the top of the agenda for employers.

(more…)

RICS and IFMA launch Procurement of Facilities Management statement to address “race to the bottom”

RICS and IFMA launch Procurement of Facilities Management statement to address “race to the bottom”

The Royal Institute of Chartered Surveyors (RICS) has today launched its first professional statement to ‘reduce risk, increase transparency and further trust’ in procurement in facilities management. The RICS Procurement of facility management, RICS professional statement, UK 1st edition, was worked on in collaboration with IMFA, and also the Chartered Institute of Purchasing and Supply (CIPS). RICS says it will be looking to make this a global professional statement in due course. All RICS regulated professionals (mandatory from the 1 October 2018) will be expected to follow this guidance, but according to RICS, adoption of the framework would be competitively beneficial for all property professionals involved in the procurement of FM services, including those acting for landlords and occupiers, FM suppliers procuring services from sub-contractors and investors and public and private occupier organisations.

(more…)

Home Offices launches Brexit toolkit for employers to support EU settlement programme

Home Offices launches Brexit toolkit for employers to support EU settlement programme

Employers, industry groups and community groups in the UK will be able to give EU citizens practical advice on how to apply for settled status in the wake of the Brexit vote with the help of a new toolkit published by the Home Office. The toolkit will be published on GOV.UK and contain how-to guides, briefing packs, practical plans, leaflets and posters. The Home Secretary launched the toolkit at the Home Office last night (Tuesday 24 July) at a gathering of some of the UK’s biggest employers of EU citizens, as well as industry bodies, local government agencies and community groups, many of whom played a key part in developing the toolkit.

(more…)

New report on the future of work argues we are at an inflection point on the journey

New report on the future of work argues we are at an inflection point on the journey

Whatever you make of the Brexit vote, the idea put forward by Jacob Rees-Mogg in a Channel 4 interview that it will take 50 years before we can judge its benefits is extraordinary. No doubt, people will be making those judgements in half a century, but long term predictions of this kind are invariably foolish. Especially when you consider that nobody seems to know what is happening with Brexit at all on a day by day basis. Predictions about the long term future of work can be equally foolhardy. This is a reason why it’s best to make them about the short term, while you still have a reasonable chance of looking prescient. A lesson for the authors of this piece of nonsense published in Fast Company last week.

(more…)