August 20, 2021
Search Results for: economy
A new 
August 17, 2021
Right to disconnect should be enshrined in law, says report
An overtime “epidemic” driven by the rise in home working during the pandemic must be curtailed with new right to disconnect laws, according to a report from think-tank Autonomy. The authors claim that unpaid labour is a growing problem in the UK, exacerbated by home working during the pandemic. They say employees are frequently contacted by their employers after the working day has finished officially to complete tasks, which impacts their mental health. The report proposes draft legislation to implement a ‘right to disconnect’ based on French law, which ensures respect for employee rest periods and allows them to ignore work calls and emails outside of working hours. More →
August 16, 2021
Labour market confidence surges to nine year high, claims CIPD
Employers are indicating strong employment intentions for the third quarter of 2021, with confidence surpassing pre-pandemic levels to hit a nine year high. This is the key finding of the latest quarterly CIPD Labour Market Outlook (LMO) survey, involving more than 2,000 employers and covering all sectors of the economy. The survey claims that its net employment intentions figure, which measures the difference between the proportion of employers expecting to add jobs and those planning to cut them, has risen for the fourth consecutive quarter. The figure now sits at +32, up from +27 last quarter, marking the strongest employer intentions seen since tracking began in Winter 2012/13. More →
August 12, 2021
Almost half of UK firms have decreased their research and development since covid-19
Almost half (45 percent) of UK firms have decreased their research and development initiatives during the covid-19 pandemic, with even 18 percent of firms halting theirs altogether, according to new research from Durham University Business School. More →
August 12, 2021
Emotional abuse at work is more significant than we think
While society has become more aware of psychological abuse in intimate or family relationships, psychological abuse in the workplace is more common and complex than we think, according to new research from NEOMA Business School, Rotterdam School of Management (RSM) at Erasmus University and Durham University Business School. More →
August 10, 2021
Policymakers should encourage the responsible use of AI in decision-making
A new report from the Center for Data Innovation claims businesses are increasingly adopting artificial intelligence tools to support workforce decisions in areas such as hiring and retaining high-performing employees. But to successfully deploy and maximize the productivity benefits of these AI tools, employers should address potential concerns to ensure the technology does not exacerbate biases or inequalities, produces fair and accurate results, and does not unduly compromise worker privacy. More →
August 10, 2021
Almost half of young people feel the pandemic has harmed their long-term career prospects
With A level results day marking a new cohort of young people entering the toughest labour market for a generation, the CIPD launches its One Million Chances campaign. More →
August 5, 2021
Negative perceptions of remote work persist among both managers and workers
New research from the US based Society for Human Resource Management (SHRM) claims that there are widespread, persistent negative perceptions of remote work amongst line managers who are likely to express a preference for local work. In addition, remote workers themselves continue to express reservations about losing opportunities for networking and increased pay. More than two thirds of supervisors of remote workers surveyed by SHRM, or 67 percent, admit to considering remote workers more easily replaceable than onsite workers at their organization, 62 percent believe full-time remote work is detrimental to employees’ career objectives and 72 percent say they would prefer all of their subordinates to be working in the office. More →
August 5, 2021
London office leasing activity gathers momentum in Q2 2021
There was a spring in the step of the central London office market in Q2 2021 with more businesses committing to new office space, as plans to return to workplaces took shape. Research by DeVono Cresa claims that just over 1.98 million sq ft was transacted, representing an upturn of 21 percent on the previous quarter and the highest quarterly total since the outbreak of the pandemic. More →
August 2, 2021
Corporate real estate markets continue to improve worldwide, report claims
There has been a further improvement in sentiment across the global corporate real estate market, according to the latest RICS Global Commercial Property Monitor. Respondents highlight a continued steady recovery, with the Americas and Europe leading the way. Importantly the improvement is being recorded on both the occupier and the investor sides of the market, reflecting improved macro-economic factors. Sentiment amongst both occupiers and investors continues to recover, consistent with the expectation of a sustained economic recovery from the pandemic. The global sentiment reading for occupiers rose from -26% to -10%, whilst for investors it climbed from -10% to +1%. However, whilst forecasts for the global economy have strengthened, uncertainty remains over any future impacts of COVID following the upsurge in cases linked to Delta variant.
July 28, 2021
Plans for a new single status for workers don’t cover everyone, says lobby group
IPSE (the Association of Independent Professionals and the Self-Employed) has responded to the UK Labour Party’s proposal for a single worker status saying that although it is welcome the party is attempting to clear the confusion around worker rights, the party’s proposals fail to grasp the nettle of employment status. The comment comes after Labour announced it would create a single worker status to “replace the three existing employment categories” of employee, worker and dependent contractor. Labour said the category would encompass “all but the genuinely self-employed”. More →
July 26, 2021
Older workers at risk of being ‘thrown on the scrap heap’
In face of growing skills gaps in the UK – post pandemic and Brexit – City & Guilds Group is urging businesses to stop the silver talent drain from the workforce by investing in upskilling valuable older workers – or risk further productivity shortfalls during the recovery period. More →
