Search Results for: business

The digital revolution is polarising the labour market and increasing wage inequality

The digital revolution is polarising the labour market and increasing wage inequality 0

The increasing ability of machines to perform cognitive, physical, and social tasks has polarised labour markets by “hollowing out” demand for middle-skill jobs, claims a new report published by IZA World of Labor based on research from economist Michael Gibbs of Chicago Booth School of Business. It suggests that analytical, problem solving, and social and communication skills are likely to be most valued in employees in the future. The new report finds that the advance of technology has opposing effects on jobs. It facilitates automation, creating fewer and less motivating middle-skill jobs. Conversely, it complements social and innovation tasks, creating more interesting low- and high-skill jobs. This causes labour market polarisation, “hollowing out” demand for middle-skill jobs, and increasing wage inequality.

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Employers blame gender pay gap on career breaks and part-time work

Employers blame gender pay gap on career breaks and part-time work 0

Employers blame gender pay gap on career breaks and part-time work

Over a quarter (29 percent) of senior managers within UK enterprises do not see the gender pay gap as an issue for businesses and many believe the gap is partly due to  women’s personal career decisions, a new survey claims. Research by NGA Human Resources (NGA HR) found that despite the UK gender pay gap sitting at 13.9 percent, only 17 percent of decision makers surveyed believe that regulations on gender splits will reduce the divide. Nearly half (49 percent) of senior leaders in businesses blame the disparity on the fact that women are more likely to take career breaks or work part-time (42 percent) as the main factors for pay disparities. Other reasons given for the gender pay gap are the lack of representation of women in the overall workforce (20 percent) and fewer women in senior management positions (27 percent).

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Employers in industries reliant on overseas workers will be hardest hit by Brexit

Employers in industries reliant on overseas workers will be hardest hit by Brexit 0

Brexit MigrationAccommodation and food services, manufacturing, and transport industries will be hardest hit by limits on movement of EU and non-EU workers following Brexit, a new report has claimed. The latest edition of Mercer’s Workforce Monitor has highlighted how reliant certain sectors of the UK economy have become on EU-born and non-EU born workers, as respectively, 33 percent, 23 percent and 20 percent of accommodation and food services, manufacturing, and transport are made up of non-UK-born nationals, meaning companies in those sectors, and those reliant on them, are especially at risk from the changes in the UK’s migration policy. According to Gary Simmons, Partner at Mercer, “Since 2013, the UK-born workforce has been declining as people retire and we can see how reliant certain industries are on overseas workers filling the gaps. The UK is likely to impose more stringent migration controls in the future and this will reduce the number of overseas workers available.”

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HR needs to help employers better prepare for the digitised workplace

HR needs to help employers better prepare for the digitised workplace 0

HR needs to help employers better prepare for the digitised workplace

HR leaders must take responsibility for bridging the gap between leadership and employees to help ensure organisations deal with the challenge of an increasingly digitised workplace and create a shared sense of direction, values and collaboration, a new piece of research suggests. According to the report, ‘Leadership Connections: HR’s role in business transformation’ from Ipsos LEAD and Cirrus, HR leaders are the crucial drivers of transformation in UK businesses through their roles of promoting devolved decision making, employee engagement and collaboration. Figures have shown that while half of CEOs expect their industries to be substantially or unrecognisably changed by digital, as of late 2016 10 percent of employees claim to have seen no significant change in their organisations at all – according to MORI’s Representative Employee Data (RED). This presents a significant difference between what we are being told by senior leadership and what employees believe to be the case.

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Half of UK employers have now introduced wellbeing schemes 0

Nearly two thirds (63 percent) of UK employees experience stress in their jobs, according to a new study of workplace wellbeing by Happiness Works on behalf of Robert Half UK. Of those who find their roles demanding, nearly one in 10 said their job was very stressful.  To address the high-levels of stress and other issues among employees, organisations are introducing wellbeing initiatives to support the physical and mental health of employees at work. Nearly half (48 percent) of businesses offer tools designed to promote wellbeing in the workplace, with one in seven providing stress management seminars or training and annual leave for personal and mental wellbeing. Other initiatives being introduced include counselling (17 percent), leaving work early on a Friday (17 percent) and limiting the amount of overtime that employees can do (11 percent).
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Artificial intelligence to go mainstream in the workplace by 2020, claims report

Artificial intelligence to go mainstream in the workplace by 2020, claims report 0

A new report by Tata Consultancy Services claims that 84 per cent of companies worldwide already see artificial intelligence as essential to their competitiveness while half see the technology as ‘transformative’. The study Getting Smarter by the Day: How AI is Elevating the Performance of Global Companies is based on interviews with 835 major businesses worldwide. It focuses on the current and future impact of Artificial Intelligence (AI) and found that the biggest adopters of AI today are, not surprisingly, IT departments, with two-thirds (67 percent) of survey respondents using AI to detect security intrusions, user issues and deliver automation. However, by 2020, almost a third (32 percent) of companies believe AI’s greatest impact will be in sales, marketing or customer service, while one in five (20 percent) see AI’s impact being largest in non-customer facing corporate functions, including finance, strategic planning, corporate development, and HR.

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1.3m people mainly choose to work in gig economy, but want basic employment rights

1.3m people mainly choose to work in gig economy, but want basic employment rights 0

Gig economy workers want basic employment rightsGig economy workers are as likely to be satisfied with their work as workers in traditional employment, according to a major new survey published today by the CIPD which provides the first robust estimate of the size of the gig economy. Currently, 4 percent of UK working adults aged between 18 and 70 are working in the ‘gig economy’, which means approximately 1.3 million people are engaged in ‘gig work’ according to ‘To gig or not to gig: Stories from the modern. The report, which is based on a survey of 400 gig economy workers and more than 2,000 other workers, as well as 15 in-depth interviews with gig economy workers found that nearly two-thirds (63 percent) believe the Government should regulate to guarantee them basic employment rights and benefits such as holiday pay. But the research also found that, contrary to much of the rhetoric, just 14 percent of respondents said they did gig work because they could not find alternative employment.

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A third of home workers say children are their biggest distraction

A third of home workers say children are their biggest distraction 0

Almost a third (28 percent) of those working from home have been distracted by a crying child whilst on a work call, reports Morgan Lovell. In solidarity with Robert E. Kelly, a professor of political science whose Skype interview by the BBC was unexpectedly interrupted by his children, workplace design, fit out and refurbishment specialist Morgan Lovell commissioned a OnePulse poll to find out the biggest disruptions when working from home.
In the survey, a third (33 percent) of respondents working from home stated that the biggest distraction was their children. Other interruptions that featured highly were: pestering pets (18 percent), flatmates (18 percent) and noisy neighbours (16 percent). Of those unable to work from home, 9 percent opted not to because of distractions and a further 44 percent were not allowed to by their bosses.
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New guide to creating an accessible and inclusive built environment

New guide to creating an accessible and inclusive built environment 0

The Construction Industry Council has published a new guide to creating an accessible and inclusive environment.  The guide sets out six principles as suggested by the Office for Disability Issues to ‘guide, support and motivate’ industry professionals. The guide is an initiative that emerged from the Built Environment Professional Education Project – a government project that has been championed by CIC. The aim is to build on the legacy of the London 2012 Olympic and Paralympic Games by helping to generate a change in the way skills related to inclusive design are taught in the UK. The aim is that all built environment professionals will receive mandatory, quality teaching about inclusive design so that they can help create inclusive building, places and spaces for future generations.

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Mobile and internet connectivity should be a priority for commerical real estate

Mobile and internet connectivity should be a priority for commerical real estate 0

Mobile and internet connectivity should be a priority for commerical real estate

Cluttons has proposed that a mobile coverage rating should be added to lettable workspace criteria, because despite mobile and internet connections being the fifth essential utility for the modern environment they are often overlooked when leasing space. With the rise of dependence on SIM-based equipment, the property firm argues that workplaces should be let with a coverage rating, measuring connectivity within a property. It argues that given the fast-paced evolving nature of the sector, landlords who invest in excellent telephony infrastructure are likely to secure tenants for longer periods and potentially achieve higher rental values. The approach is being borne out by the government recognising the importance of better mobile and internet infrastructure, by making it a focal point to extend superfast broadband to 95% of the UK by the end of 2017. This comes as no surprise given that several emerging markets are leap-frogging the adoption of technology and are quickly outpacing the UK in the sophistication of infrastructure on offer to occupiers. London is ranked near to the bottom of the internet connectivity league table when looking at Europe.

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RSA report sets out nationwide strategy for inclusive growth

RSA report sets out nationwide strategy for inclusive growth 0

The Royal Society for the encouragement of Arts, Manufactures and Commerce (RSA) has published the final report from its Inclusive Growth Commission. The report sets out a series of recommendations which it claims will address the lack of an inclusive approach to the economy. In the context of Brexit, this is one of the underlying drivers of dissatisfaction with the way the UK is run by central and local government, the report claims, and hence a factor in the Brexit vote. Its forward looking proposals include a greater commitment to lifelong learning, a greater focus on place to ensure the UK’s cities and regions get a greater stake in the national economy. As well as the main report, its conclusions and proposals are discussed in a podcast.

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Western European cities ranked high by multinationals on quality of infrastructure

Western European cities ranked high by multinationals on quality of infrastructure 0

City infrastructure plays a key role when multinationals decide where to establish locations abroad and send expatriate workers, claims a new report. Mercer’s 19th annual Quality of Living survey now includes a supplementary question on city infrastructure, as easy access to transportation, reliable electricity, and drinkable water are all important considerations when determining hardship allowances based on differences between a given assignee’s home and host locations. Western European cities hold most of the top ten places in the city infrastructure ranking, with Frankfurt and Munich jointly ranking 2nd worldwide, followed by Copenhagen (4) and Dusseldorf (5). London is in 6th place, and Hamburg and Zurich both rank 9th. However, in terms of quality of living which is ranked separately, Vienna (pictured) occupies first place for overall quality of living for the 8th year running, and despite increased political and financial volatility in Europe, many of its cities offer the world’s highest quality of living and remain attractive destinations for expanding business operations and sending expatriates on assignment. In the UK, London is favoured for its overall quality of living and for its city infrastructure.

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