Search Results for: economy

Britain must future proof itself ahead of a decade of disruption, claims report 0

by • News, Technology

Brexit negotiations will ‘fire the starting gun’ on a decade of change for the UK, claims a new report from think tank the Institute for Public Policy Research (IPPR). The study, Future Proof: Britain in the 2020s, sets out the key challenges it claims will shape the UK in the period up to 2030 and the ‘choices that must be made now if these changes are to lead to a fairer and more equal society’. Among the issues covered in the report are the challenges directly related to Brexit, alongside factors such as an ageing population, other demographic changes, the risk to jobs posed by automation, the shift of the globalised economy towards Asia and the enduring problems associated with wage inequalities and the environment.

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Women report more workplace stress than male colleagues, claims study

Women report more workplace stress than male colleagues, claims study 0

by • News, Wellbeing

Women in the UK report more work-related stress than men because of workplace biases, the types of work carried out, the burden of taking on extra responsibilities at home and the perception of unequal pay, according to the latest figures from the Health and Safety Executive (HSE). The HSE data suggests that women aged 25-54 in Britain are more stressed than their male contemporaries, with this pressure peaking for those aged 35-44, at a time when many are juggling family responsibilities such as caring for children and other family members. According to the HSE data for the period from 2013 to 2016, the prevalence of work-related stress as defined in the report among female workers was 2,250per 100,000, equivalent to around 270,000 workers. Among men the figures were 1,270 per 100,000, or around 200,000 workers. The HSE reported that 11 million working days were lost due to stress between 2015-2016, equating to 37 per cent of employment-related ill health and 45 per cent of days lost.

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Majority of British workers will work at some point over Christmas and New Year

Majority of British workers will work at some point over Christmas and New Year 0

by • News, Wellbeing

Three in five UK employees will work at some point over the Christmas period, a third of staff will curtail their break to return on Tuesday 27th December and 45 percent say working over Christmas is mandatory. These are the key findings of research from Hudson. The firm suggests that growing pressure pressure on companies to meet year round demand is causing employees to work over the traditional holiday period. The quarterly UK office-based workforce survey claims that the majority of workers (61.5 percent), including three quarters of millennials (76 percent), will cut short their festivities to work at some point between Christmas Eve and the January Bank Holiday. More than one third of staff (34 percent) will have to work at least one day between Christmas and New Year, causing problems for the many employees who’ve travelled home to be with their families over the festive period.

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Technology industry leads the way in adoption of flexible working

Technology industry leads the way in adoption of flexible working 0

by • Flexible working, News

New research from My Family Care and global recruitment firm Hydrogen claims that when compared with all other industries, the technology sector has the most number of employees taking advantage of flexible working practices. Over four in five (81 percent) of employees who work in tech say they work flexibly to some degree – around 15 percent higher than the average of 66 percent and over half of the 265 people surveyed said they worked remotely at least one day last week – 18 percent higher than the average for all employees. The research also claims that people who work in tech put a high value on flexible working when considering a job offer, with 88 percent of professionals considering it to be more important than other benefits like private healthcare insurance, enhanced pension scheme or commission or bonuses.

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UK employers predict workforce growth in 2017 along with more inclusive hiring

UK employers predict workforce growth in 2017 along with more inclusive hiring 0

by • Knowledge, News, Workplace

Four in ten (41 percent) of firms across the UK will grow their workforce in 2017 but uncertainty about the UK’s future relationship with the EU has shaken overall business confidence in the labour market claims a new report. According to respondents to the 19th CBI/Pertemps Network Group Employment Trends Survey, for the fourth year running, growth in permanent job opportunities will outstrip temporary recruitment. But the balance of those expecting the UK to be a more attractive place to employ people in the next five years has flipped from +16 percent in the 2015 survey to -21 percent in this year’s results. In terms of engagement, over three quarters (76 percent) of respondents reported that a diverse and inclusive workforce is vital or important to the future success of their organisation. They report a range of benefits of inclusive workplace practices including increased skills (73 percent), attraction and retention of staff (60 percent) and engagement levels (46 percent).

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Direct causal link between wellbeing and corporate performance, claims study

Direct causal link between wellbeing and corporate performance, claims study 0

by • News, Wellbeing

A new report published by IZA World of Labor claims that a rise in workers’ happiness and wellbeing leads to an increase in productivity. The study from economist Dr Eugenio Proto, of the University of Warwick’s Department of Economics and Centre for Competitive Advantage in the Global Economy (CAGE) concludes that companies would profit from investment in their employees’ wellbeing. It cites the experience of large companies that have recently highlighted the importance of employee wellbeing in their company profiles. The authors claims that, until recently, evidence for a link between employee wellbeing and company performance has been sparse and that their own study shows a positive correlation between a rise in happiness and an increase in productivity. Proto believes  that finding causal links between employee wellbeing and company performance is important for firms to justify spending corporate resources to provide a happier work environment for their employees and that the available evidence suggests that companies can be encouraged to introduce policies to increase employee happiness.

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The workplace holds the key to enormous productivity boost, claims study

The workplace holds the key to enormous productivity boost, claims study 0

by • Facilities management, News, Workplace design

morgan-lovell-thoughtworks-workplaceCompanies could boost their productivity by between 1 and 3.5 per cent, adding as much as £70 billion to the UK economy, by focusing on how the workplace might be used to generate revenue, instead of regarding them simply as a cost to be managed. That is according to the newly published The Workplace Advantage report from The Stoddart Review based on a meta-analysis of 200 studies by workplace expert Dr Nigel Oseland.  Taking a new approach to how space is used to help employees to be productive and changing who is responsible for the decisions is the first step. The Review, a collaboration between business leaders and workplace experts, found that only a little over a half (53 percent) of the UK’s office workers can say their workplace enables them to be productive. For the rest, a workplace that’s unproductive is also affecting their pride in the company, its image and culture. It found that too many businesses are prioritising filling up their offices with people rather than asking themselves ‘what will make their staff productive’. As a result, as many as 70 percent say their office is too noisy and they are disappointed by the lack of different types of workspace including communal areas and break-out zones.

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Are these the best places to work in 2017?

Are these the best places to work in 2017? 0

by • News, Workplace, Workplace design

1_expediaRecruitment site Glassdoor has announced the winners of its ninth annual Employees’ Choice Awards to find the best places to work in North America and parts of Europe. The Awards are based on the input of employees who voluntarily provide anonymous feedback, by completing a company review, about their job, work environment and employer over the past year. This year, the Glassdoor Employees’ Choice Awards feature six categories, honouring the Best Places to Work across the UK, US (both large and small companies), Canada, France and Germany. There is one category in the UK: 50 Best Places to Work (honouring employers with 1,000 or more employees). Winners are ranked based on their overall rating achieved during the past year.  The top five UK Best Places to Work in 2017 are Expedia, ARM, HomeServeUK, Mott MacDonald and Hays plc

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Sleep deprivation hits workplace health and productivity harder than we thought

Sleep deprivation hits workplace health and productivity harder than we thought 0

by • Flexible working, News, Wellbeing, Workplace

Sleep deprivation hits workplace health and productivity hardPoliticians and corporate bosses who seems to pride themselves on being able to function on less than six hours of sleep a night are sending out the wrong message to the workforce, as recent research suggests that a lack of sleep among UK workers is costing the economy up to £40 billion a year, 1.86 per cent of the country’s GDP. According to researchers at the not-for-profit research organisation RAND Europe, sleep deprivation leads to a higher mortality risk and lower productivity levels among the workforce, which, when combined, has a significant impact on a nation’s economy. A person who sleeps on average less than six hours a night has a 13 per cent higher mortality risk than someone sleeping between seven and nine hours, researchers found, while those sleeping between six and seven hours a day have a 7 per cent higher mortality risk. The report, Why Sleep Matters – The Economic Costs of Insufficient Sleep, describes sleeping between seven and nine hours per night as the “healthy daily sleep range”.

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The Work Foundation launches Commission on Good Work

The Work Foundation launches Commission on Good Work 0

by • Company news, Workplace, Workplace design

reward-gateway-offices-by-area-sq-london-ukThe Work Foundation, part of Lancaster University, has launched a new Commission on Good Work. The commission will seek answers to key questions such as ‘why is a focus on good work so important now?’,  ‘what does good work mean in a modern economy?’ and ‘how do we achieve good work?’ The initiative was launched by Work Foundation Director Lesley Giles who invited stakeholders from businesses, trade unions, professional bodies, and the public and voluntary sectors to be part of a ‘Good Work Taskforce.’ Supporting the launch were Sir Charlie Mayfield (John Lewis Partnership), Dame Fiona Kendrick (Nestle),Douglas McCormick (Sweett Group), Mark Keese (OECD), Gail Cartmail (Unite), Peter Cheese CIPD, Scott Johnson (a small business owner) and Professor Paul Sparrow (Lancaster University Management School).

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Germany slides down rankings as one of world’s top employment talent hotspots

Germany slides down rankings as one of world’s top employment talent hotspots 0

by • Knowledge, News, Workplace

Germany falls down world rankings for talentGermany has slipped down the rankings as one of the world’s top employment talent hotspots, with other established economic powers such as the UK and France playing only minor roles in sustaining Europe’s pre-eminence. According to the World Talent Report by IMD Switzerland, Denmark, Belgium, Sweden and the Netherlands occupy the top five places in the rankings – the first two retaining their standings from last year. Finland, Norway, Austria, Luxembourg and Hong Kong complete the top 10, with Germany 11th, Iceland 16th, Ireland 18th, the UK 20th and France down in 28th. The objective of the World Talent Report is to assess how countries sustain the talent pool necessary for businesses to maximize their performances. Austria was one of the biggest movers over the past 12 months, climbing 11 places to break into the top 10, while Belgium rose by six positions to take third spot. By contrast, Germany slipped out of the elite, dropping from 7th to 11th, after being impacted especially heavily by the economic crisis affecting much of Europe.

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Surge in overall job vacancies, but consultancy sector bears Brexit brunt

Surge in overall job vacancies, but consultancy sector bears Brexit brunt 0

by • News, Workplace

461The number of advertised job vacancies in the UK increased by 2.6 percent to 1,162,342 in October, and according to the latest UK Job Market Report from Adzuna.co.uk, with Christmas on the horizon, employers will be seeking to hire an array of temporary jobseekers to meet a rise in demand. A rise in total advertised vacancies has also been fuelled by employers’ plans to expand and refresh their teams to capitalise on jobseekers intending to make a fresh start or change in career path in the first few months of 2017. However, despite the overall resilient nature of the jobs market, the consultancy sector appears to have taken the brunt of the implications of Brexit. As a result, average advertised salaries are currently down 8.7 percent. This suggests companies are withdrawing from placing as much reliance on temporary staff and freelancers and seeking expertise internally from senior employees who may be more familiar with the nature of the business. This also highlights the importance of employers widening their talent pool and attracting highly skilled workers.

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