Search Results for: employment levels

Female empowerment within UK workforce on rise but too few in full time jobs

Women in work indexA strengthening economy has helped the UK to rise up to 14th position out of 27 OECD countries in PwC’s annual Women in Work Index, but it still lags well behind many other countries in overall female economic empowerment. The Nordic countries continue to lead the Index, with Norway maintaining pole position, followed by Denmark and Sweden. These three countries have consistently occupied the top three positions in the Index since 2000 and the reason is that they all have a much fairer balance between genders on managing work and family life. By comparison, although the UK is in the top 10 performing OECD countries on female participation in the labour force, this is negatively impacted due to the low proportion of women in full-time employment; suggesting that flexible working  is having a negative impact on many women’s career prospects.

(more…)

Three ways in which politicians display their ignorance of the workplace

Workplace bubbleThe recent Cabinet reshuffle in the UK Government won’t alter one fact; politicians simply don’t get it when it comes to technology, the workplace, the way people work and the needs of small businesses. Once you dismiss the paranoid idea that they DO get it but don’t care because they’re too busy looking out for The Man, you have to conclude that one of the big problems they have (this won’t go where you think) is that they don’t understand anything about technology and work, especially when it comes to emerging technology, the working lives of individuals, the needs and functions of small businesses and the fact the self-employed exist at all. These things exist outside the bubble. This is obviously a problem because they are implementing policies and making big, uninformed and anachronistic decisions about the things that shape every aspect of our lives, help to define us as people and determine how companies and individuals function. Here are just three examples.

(more…)

UK leads the world in talent, but it needs the right culture in which to thrive

London at nightWe should never take the UK’s talent base for granted. According to a new report from Deloitte, when it comes to employment levels of people in knowledge based jobs in high skill sectors such as digital media, banking, legal services, software development, telecoms and publishing, London is comfortably the world’s leading city. The study found that London employed 1.5 million people in the 22 sectors surveyed, compared with 1.2 million in New York, 784,000 in Los Angeles, 630,000 in Hong Kong and 425,000 in Boston. The report also predicts that London will enjoy rapid growth in employment levels in these sectors over the next seven years, adding around 100,000 more people and that while a decline in employment is foreseen in financial services, this will be more than offset by strong growth in creative and media businesses.

(more…)

Worldwide space standards moving closer to UK norm, claims new report

ShrinkingWorldwide office space standards are now moving closer to the norm seen in the UK according to a new survey from CoreNet Global. According to the CoreNet survey of real estate managers, the average amount of space per office worker globally has dropped to 150 sq. ft (14 sq.m.) , from 225 sq. ft. (21 sq.m.). This is still well outside the standards from the British Council for Offices Specification Guide which reported a fall to 11.8 sq. m. in 2009 and which will be revised downwards even further with the publication of the new guide which has been promised soon.  Even this figure might be seen as high and makes assumptions about the relevance of such space standards given the way some firms now work.

(more…)

Corporate Real Estate executives predict strong global economic outlook

The global economic outlook is strong for the second half of 2013, while the prospects for corporate growth and expansion are also increasing, according to the views of corporate executives surveyed in June for the new CoreNet Global Confidence Index. Nearly two-thirds (62.5%) rated their outlook on the global economy for the coming six months as optimistic to very optimistic, compared to a year ago. Most (72.4%) reported the likelihood that flexible, open workplace strategies will increase, while space per work setting and/or work settings per supported worker will be reduced.

(more…)

Commercial sector bucks downward UK construction trend

Construction figsConstruction business activity fell by the third month running in January, with new orders at slowest pace since October 2012 according to the latest Markit/CIPS UK Construction Purchasing Managers’ Index (PMI). There were some reports that snowfall had contributed to reduced output volumes, but the majority of respondents cited weak underlying client demand and a lack of new projects.  However commercial activity was the only sub-sector to buck the wider downward trend in output during January with the latest data indicating unchanged volumes of commercial activity, ending five months of contraction. (more…)

Gen Z workers are socialising more after returning to the office, study suggests

Gen Z workers are socialising more after returning to the office, study suggests

Almost one in three Generation Z employees say they are socialising more with colleagues since returning to the office more often, according to a new poll from career transition firm Careerminds UK. The survey of 600 UK employees found that 31.7 percent of Gen Z respondents said they socialise more with colleagues now they are spending more time in the workplace. Among millennials, the figure was 17.7 percent. The research was published during International Youth Employment Week and examined how employees’ workplace habits have changed since the return to office and hybrid working. (more…)

Inter-generational collaboration linked to stronger organisational performance, report claims

Inter-generational collaboration linked to stronger organisational performance, report claims

Organisations that encourage stronger inter-generational collaboration between different groups of employees are more likely to see improvements in innovation, trust and business performanceOrganisations that encourage stronger inter-generational collaboration between different groups of employees are more likely to see improvements in innovation, trust and business performance, according to new research from employee recognition firm O.C. Tanner. The company’s first State of Generations at Work Report, based on responses from more than 5,700 employees across 17 countries, argues that employers should move beyond generational stereotypes and instead focus on creating what it describes as “generational synergy” across their workforces. (more…)

London could generate £76bn boost to UK economy through ‘frontier industries’, says PwC

London could generate £76bn boost to UK economy through ‘frontier industries’, says PwC

London could help generate an additional £76 billion a year for the UK economy by 2030 if productivity growth in finance, technology, and science and research industries is acceleratedLondon could help generate an additional £76 billion a year for the UK economy by 2030 if productivity growth in finance, technology, and science and research industries is accelerated, according to a new report from PwC. The consultancy’s Grow London report argues that the capital is well positioned to support growth in what it describes as “frontier industries” due to its concentration of skilled workers, access to investment, established technology clusters and stable business environment. (more…)

Government report warns of ‘economic catastrophe’ as young people struggle with mental health

Government report warns of ‘economic catastrophe’ as young people struggle with mental health

Former health secretary Alan Milburn has warned that Britain risks a “generational, societal and economic catastrophe” unless employers and government adapt to rising levels of poor mental health among young peopleFormer health secretary Alan Milburn has warned that Britain risks a “generational, societal and economic catastrophe” unless employers and government adapt to rising levels of poor mental health among young people. An interim review led by Milburn into the growing number of 16 to 24-year-olds not in education, employment or training argues that businesses will need to provide greater flexibility, pastoral care and mental health support to what he describes as an “anxious generation”. (more…)

Businesses are currently more focussed on keeping down costs than growth

Businesses are currently more focussed on keeping down costs than growth

UK employers are prioritising cost management over growth as rising business costs and global uncertainty continue to weigh on confidenceUK employers are prioritising cost management over growth as rising business costs and global uncertainty continue to weigh on confidence. This is according to the latest Labour Market Outlook from the CIPD. The survey of more than 2,000 UK employers found that cost management is now the top priority for organisations of all sizes and across all sectors, ahead of improving productivity and growing market share. (more…)

UK is trapped in reactive cycle of sickness and inactivity, warn wellbeing experts

UK is trapped in reactive cycle of sickness and inactivity, warn wellbeing experts

Business leaders, policymakers and workplace experts have warned that the UK’s fragmented approach to work, wellbeing and welfare is undermining economic resilienceBusiness leaders, policymakers and workplace experts have warned that the UK’s fragmented approach to work, wellbeing and welfare is undermining economic resilience, with comparisons to Denmark highlighting the pressure placed on the NHS and benefits system in Britain. The warning came during a Westminster roundtable  for the Policy Liaison Group on Workplace Wellbeing chaired by Dame Carol Black on 13 May. The discussion followed shortly after the King’s Speech opened the new parliamentary session with a renewed emphasis on “economic security”. Participants argued that Britain’s rising levels of long-term sickness and economic inactivity will require a more coordinated approach involving employers, government departments, healthcare systems and insurers. (more…)