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How to prepare your business for the new Gender Pay Gap regulations

How to prepare your business for the new Gender Pay Gap regulations 0

How to prepare your business for the new Gender Pay Gap requirements

From April 2017, employers with over 250 employees will be required to reveal specific information about the difference in net pay and bonuses between male and female employees explain the legal experts from Berg. The Office for National Statistics revealed that, in the financial industry, male managers and directors are earning on average 32.4% more than women in the same role. Whilst the statistic will vary from industry to industry, it’s important to highlight the divide and work together to accomplish equality in the workplace. The Equality Act 2010 (Gender Pay Gap Information) Regulations 2017 comes into force on 6th April 2017, and will require businesses to be transparent about the gender equality in their workplaces. It is hoped that this important move will encourage any business with less than positive statistics to make the move towards creating an equal workplace. For businesses that will need to report on their net pay, it’s a big task that needs to be executed properly. In fact, a survey by NGA Human Resources found that 20% of respondents won’t be ready to disclose the information by the deadline. With that in mind, here’s a look into what the regulations require you to do, and how these changes could impact your business.

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Europe’s workers turn to the gig economy

Europe’s workers turn to the gig economy 0

European employees appear ready to embrace the ‘ gig economy ‘, according to research by ADP. The study of nearly 10,000 European working adults claims to reveal how employees across Europe feel about the future of work. As many as 63 percent of UK employees and 68 percent of European employees are interested in, or would consider self-employment or freelancing although the desire for this style of working does vary drastically across regions. According to the report a third (33 percent) of UK employees say work-life balance is a key motivating factor although pay is still the ultimate driver for all European employees.

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Almost half of employees are more stressed at work than they were a year ago

Almost half of employees are more stressed at work than they were a year ago 0

Nearly half (46 percent) of employees questioned in a new survey feel more stressed at work than they did a year ago and 17 percent feel their work stress levels are ‘much higher,’ new research has claimed. The data, from Specialists4Protection.co.uk also suggests that 16 percent of people in work claim to have taken medical advice to help them cope with work-related stress, and 13 percent are on medication partly because of this. Just 12 percent say they feel less stressed than they were 12 months ago. The impact of this is not just felt at work. Fifty five percent of those suffering from work related stress say it has adversely affected their sleep, and 19 percent claim it’s contributed towards a decline in their relationship with their partner. Four out of ten (40 percent) say work-related stress means they are not eating properly and 42 percent are doing less exercise.

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America’s corporate occupiers streamline portfolios due to economic uncertainty

America’s corporate occupiers streamline portfolios due to economic uncertainty 0

America's corporate occupiers are preparing portfolios for economic uncertainly

While talent continues to reign supreme on the list of top concerns for US companies a growing number of respondents to CBRE’s annual Americas Occupier Survey cited economic uncertainty as a top challenge, up from 36 percent in 2016 to 52 percent. As a result, 87 percent of corporate occupiers report that they are managing to this uncertainty by disposing of surplus space and/or implementing more efficient workplace designs to prepare their portfolios for the future. Only 26 percent of respondents expect to expand their portfolios over the next two years, down from 38 percent in the 2016 survey. Approximately one-half of the 2017 survey’s respondents indicated that the size of their portfolios would remain stable with 2016 levels. However, while uncertainty is driving many real estate decisions, creating a workplace experience focused on talent remains top of mind for the majority of occupiers surveyed.

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Third of HR professionals say Brexit will impact the profits of their business

Third of HR professionals say Brexit will impact the profits of their business 0

Today (29 March) the Prime Minister triggers Article 50 to begin the UK’s exit from the European Union, and a new piece of research claims that almost two thirds (62 percent) of HR professionals expect this to impact their HR strategy and more worryingly, over a third (35 percent) say that the leave vote will impact the profits of their business. According to the research from employee benefits specialist Secondsight, 37 percent have opted not to hire over the coming year, and 39 percent agreed that recruiting the right people into their business will now be more difficult than before the decision to leave was made. However, on a more encouraging note, 95 percent of the HR professionals surveyed will see their budget rise in 2017, and 18 percent plan to introduce new benefits in the year ahead.

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Less rigid flexible working practices tend to produce higher performing staff

Less rigid flexible working practices tend to produce higher performing staff 0

Less rigid flexible working practices tend to produce higher performing staffFlexible working can increase employee job satisfaction and organisational commitment, but staff who work flexibly under an ad  hoc arrangement appear to perform better than those who go through a more formal process, according to research from Cass Business School  and Cranfield School of Management. The research focused on the relationship between flexible working arrangements designed to accommodate employees’ needs (e.g. remote working, flexitime, compressed working) and performance appraisals and considered the indirect effects of employee performance via job satisfaction and organisational commitment.  An analysis of whether the associations varied according to whether the flexible working arrangement was set up via a formal policy or informal negotiation between the employee and line manager revealed that employees who established flexible working arrangements through informal discussion with their line manager were judged to perform much better than those who use formal flexible working arrangements.

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Post Brexit UK sets out its case at MIPIM 2017

Post Brexit UK sets out its case at MIPIM 2017 0

Cannes-based international real estate fair MIPIM has always been a magnet for cities, determined to extoll their virtues to investors, developers and occupiers, but this year the UK was in charm overdrive. Buoyed no doubt in part by the presence of the UK government’s Department of International Trade (DIT), waving its ‘open for business’ flag for UK PLC, many of the towns and cities that would normally have ploughed their own furrow, instead came together to leverage critical mass. So Bradford and Leeds combined, conurbations across the central belt conjoined on a Midlands pavilion, and so on. Whether it was panic or confidence, the net result was an unusually prominent UK presence, up a quarter on last year. Of course the UK is just one nationality among the 24,200 real estate and city professionals from 100 countries who come together in Cannes every March.

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Communication key to allaying employee concerns about automation

Communication key to allaying employee concerns about automation 0

Organisations need to strike a balance between capitalising on the benefits of automation and managing employee concerns, according to a study by Capita Resourcing. The research claims that whilst over half (54 percent) of UK organisations are already automating business processes once performed by people, employees are concerned about the social impact this will have on the workplace. The ‘Workplace More Human’ report claims that the majority of employees (67 percent) fear that the rise of robotics will make the workplace less sociable and friendly in the future. The biggest concerns around introducing more automation in the workplace were the loss of their job (36 percent), losing the social relationship with colleagues (27 percent) and having to reskill/train to do another job (23 percent).

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Surge in the number of people working into their seventies

Surge in the number of people working into their seventies 0

The number of British people working past 70 years old has increased markedly over the past four years. Poor pensions, personal choice, greater life expectancy and changes to pension laws have all been highlighted as factors behind the increase in the latest report on demographic trends from the Office of National Statistics (ONS). The largest increase was seen amongst women, with the proportion of women working into their seventies doubling from 5.6 percent in 2012 to 11.3 percent last year. Around 150,000 women over seventy are now thought to be working. Meanwhile, the number of men working past the official state pension age has also increased, but at a slower rate, from 10 percent in 2012 to 15.5 percent last year.

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New wellbeing index measures level of support for staff with poor mental health

New wellbeing index measures level of support for staff with poor mental health 0

New wellbeing index measures level of support for staff with mental ill health

Just over half (53 per cent) of staff who had disclosed poor mental health at work said they felt supported, and 72 per cent said they’d been made aware of the support tools such as Employee Assistance Programmes (EAPs), counselling, staff support network or informal buddying systems, a new piece of research has disclosed. The data has been gathered by mental health charity Mind to give an insight into the mental health of 15,000 employees participating in Mind’s first ever Workplace Wellbeing Index, a brand new benchmark of best policy and practice when it comes to staff mental health. Thirty organisations participated in Mind’s first ever Workplace Wellbeing Index, including Deloitte, HMRC, the Environment Agency, Jaguar Land Rover and PepsiCo. Over half (56 per cent) of employees who reported mental ill health were offered reasonable adjustments or support measures, such as changes to hours worked or the nature of some of their duties.

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Over half of employees in small and medium firms regularly work unpaid overtime

Over half of employees in small and medium firms regularly work unpaid overtime 0

Long working hours are embedded into Small and medium sized firm’s (SME) culture, new research by AXA PPP healthcare has claimed, with 47 percent of employees in SMEs across the UK regularly working four or more hours of overtime per week, 27 percent of these putting in seven or more hours and for half (52 percent), the extra hours are unpaid. In addition, 22 percent of employees take fewer than 30 minutes for lunch, 19 percent have cancelled family time and 19 percent have missed a child’s event such as a school play due to working over and above their contracted hours. Over half (54 percent) of employees have continued to work after putting children to bed. With Britain’s small and medium sized firms making up 99.9 percent of the UK’s private sector businesses, employing nearly 3/5 of its workforce and accounting for 48 percent of the turnover this accounts for a lot of workers.

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BIFM issues new guidance for FMs working on BIM projects

BIFM issues new guidance for FMs working on BIM projects 0

BIFM issues new guidance for FMs working on BIM projectsA new guide for facilities management professionals working with clients on BIM construction projects has been issued by the BIFM (British Institute of Facilities Management). Employer’s Information Requirements is a practical 47-page document to support clients using BIM (Building Information Modelling) to advise clients on how to specify their exact requirements for the design and construction phase of a built asset through to its full life-time operation. The purpose of the EIR is to support both FM professionals and clients by providing a template which can be edited and amended by the client or facilities manager to meet individual requirements for the project. Its guidance follows the publication of BIFM’s Operational Readiness Guide For Facilities Managers published in April 2016. Since April 2016, construction projects commissioned by Central Government have been required to use BIM for their procurement and delivery.

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