Search Results for: employment

November 10, 2017

Brexit thought to be the main culprit for job market attrition and ‘dual’ economy

There are ongoing dual narratives in UK economy caused by the 2016 Brexit vote, the latest Morgan McKinley October Employment Monitor suggests. On the one hand, a new report by Colliers International dubbed London Europe’s top economic City. On the other hand, institutions are stubbornly stuck in limbo, and the fear of major jobs losses looms thick in the sky, keeping hiring low. “The economic tug of war that Brexit kicked off means we still have no idea quite where we’ll land,” said Hakan Enver, Operations Director, Morgan McKinley Financial Services. October was the lowest jobs month of 2017, a possible indication that the closing months of the year will be especially quiet. Job seekers increased by 6 percent month-on-month, but were down just under 40 percent year-on-year. The trajectories are in line with the overall dual trends of 2017. Jobs available were down 14 percent month-on-month and 20 percent year-on-year. Given the underlying health of the economy, Brexit looks to be the main culprit for the job market attrition.

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November 9, 2017

Gig economy workers need more workplace protection claims report

by Neil Franklin • Flexible working, News, Wellbeing

Businesses and employees are calling on the UK Government to provide more protection for those who work in the gig economy. In a survey of nearly 5,000 workers and over 100 businesses by jobs site totaljobs, 90 percent of employees and 87 percent of employers said that more regulations were needed to protect the rights of gig workers. In addition, 64 percent of employers believe the gig economy’s importance will only continue to grow in the next year, as individuals turn to self-employment in favour of more flexible working arrangements.

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November 7, 2017

New research identifies nine distinct segments of the self employed workforce

by Mark Eltringham • Flexible working, News

Far from being a homogeneous group, nine distinct segments of the solo self-employed workforce have been identified in new research published by the Centre for Research on Self-Employment, in partnership with IES. This segmentation furthers understanding of the solo self-employed population, including the levels of independence and security, and variation in earnings across this broad section of the UK workforce. The solo self-employed are those who do not employ other people and therefore work on their own account, and makes up 84 per cent of the self-employed workforce.

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November 6, 2017

One in four retired Britons return to work within 15 years, research shows

by Mark Eltringham • News, Wellbeing, Workplace

Around one in four retirees in the UK return to work or ‘unretire’, mostly within five years of retiring, according to research by The University of Manchester and King’s College London. The researchers have found that while ‘unretirement’ is common, men are more likely to unretire than women, as are people in good health, those who are better educated and those still paying off a mortgage. People who report having financial problems before retiring are not more likely to unretire than those without, nor are those with lower incomes. After ten years, a retiree’s chances of returning to paid work are low. The research concludes that recently retired people, aged both above and below the state pension age, represent a pool of potential labour, if the right opportunity presents itself. They are a group that should not be forgotten by policies aiming to keep older people in work, say the researchers.

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October 27, 2017

Review into workplace mental health calls for change in culture and legislation

by Mark Eltringham • News, Wellbeing

The independent review into workplace mental health, commissioned by the Prime Minister in January and led by Dennis Stevenson and Paul Farmer, has published its report, Thriving at Work. The review looks at how employers can better support all employees including those with poor mental health or wellbeing remain in and thrive at work. The study found that 300,000 people with a long-term mental health problem lose their jobs each year and that poor mental health costs employers up to £42 billion a year, with an annual cost to the UK economy of up to £99 billion.
The statistics from the Department of Work and Pensions reveal that 300,000 people with a long term mental health problem lose their jobs each year. Analysis by Deloitte, commissioned by the reviewers, also reveals a demonstrable cost to employers, and quantifies for the first time how investing in supporting mental health at work is good for business and productivity. Poor mental health costs the UK economy between £74 billion and £99 billion a year. Deloitte’s analysis shows that the cost to employers is between £33 billion and £42 billion of this number. Evaluations of workplace interventions show a return to business of between £1.50 and £9 for every £1 invested.

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October 26, 2017

Saudi Arabia announces plans for $500 billion mega city in region

by Neil Franklin • Cities, News, Technology

Following last week’s announcement that Toronto is to create a digital city along its waterfront, Saudi Arabia has unveiled plans to build a $500 billion ‘mega-city’ spanning parts of several countries. The plans announced this week are a response to the need for the kingdom to produce a more diverse economic base and will create a zone that will run on alternative energy and have its own legal system and employment laws. The region will be known as Neom, a name derived from terminology meaning ‘New Future’ and will span parts of Saudi Arabia, Egypt and Jordan along the Red Sea coastline as a 26,500 square kilometre development of previously untouched land (pictured). Plans inevitably include technologies such as driverless cars, drones and robots, and were unveiled by Crown Prince Mohammed bin Salman at the Future Investment Initiative in Riyadh this week. The zone is expected to cost around $500 billion (£380.5 billion) and will be powered entirely by renewable energy and focus on industries including energy, biotechnology, food, advanced manufacturing and entertainment.

October 26, 2017

Gender, race, age and sex bias still pervades UK working life

by Sara Bean • Legal news, News, Wellbeing, Workplace

Gender, race, age and sex bias still pervades UK working life

One in four (27 percent) women have been victims of sexism in the workplace and ageism, racism and homophobia continue to mar the working lives of minority groups claims new research. With high-profile reports of sexual harassment and assault in the entertainment industry dominating headlines, the Office Culture report, from Opinium Research, examined gender, race, age and sex biases that pervade modern UK working life and found that over 2.5 million women (20 percent) report being a victim of sexual harassment in the workplace, yet two thirds (67 percent) of women who have experienced this have not reported it to their company. Similarly, despite a perceived cultural improvement in race relations, only half (55 percent) of those subjected to racial discrimination have reported such incidents to somebody in their company. However, ageism is the least reported of all with almost three-quarters (72 percent) of incidents going unnoticed; of those that did report ageism, a quarter (25 percent) of cases were not acknowledged. Action taken on incidents of homophobia were also low; with over a third (43 percent) of cases not being dealt with after the acknowledgement.

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October 25, 2017

Long commutes to work are as bad as a pay cut when it comes to happiness and wellbeing

by Mark Eltringham • Flexible working, News, Wellbeing

A twenty minute increase in commuting time is as bad as a 19 per cent pay cut for job satisfaction, a study has found. The research by the University of the West of England found that every extra minute spent travelling to and from work reduces job and leisure time satisfaction, increases strain and worsens mental health. The researchers conclude that more people should be allowed to work from home or should choose a new way of getting there. According to the study, every extra minute spent travelling reduced job satisfaction, created extra strain, worsened mental health and increased people’s chances of quitting. The study, based on analysis of 26,000 workers in England, found that people travelling by bus were more likely to feel the “negative impacts of longer commute times” than users of other transport and that employees who cycled or walked were among the most satisfied as they used commuting time as part of their “health-enhancing lifestyle”.

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October 23, 2017

Internships hold back social mobility and should be banned

by Mark Eltringham • News, Workplace

An overwhelming majority of the UK public support the introduction of a ban on unpaid internships lasting 4 weeks or more. New polling data released by the Social Mobility Commission, found that 72 percent of the public back a change in the law – with 42 percent ‘strongly supporting’ a ban. The survey also reveals that 80 percent of people want companies to be required to openly advertise internships and work experience opportunities, rather than organise them informally. The YouGov poll of 5,000 people has been released ahead of the second reading of Lord Holmes of Richmond’s Private Members’ Bill in the House of Lords on Friday 27 October, which proposes a ban on unpaid work experience or internships lasting more 4 weeks.

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October 20, 2017

One-fifth of UK jobs under threat from automation, but some regions more at risk than others

by Mark Eltringham • News, Technology

Automation will affect one in five jobs across the UK, according to a new study from the thinktank Future Advocacy. According to the report, the risk of jobs being becoming automated is higher in some areas more than others and in the case of shadow chancellor John McDonnell’s west London constituency of Hayes and Harlington hits 40 percent, largely because it contains Heathrow Airport which employs a large number of people whose jobs are most at risk from automation. However, the report claims that a mere 2 percent of people surveyed were ‘very worried’ that they might be replaced by a machine, with a further 5 percent saying they were ‘fairly worried’.

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October 18, 2017

Over a third of UK staff say employers offer no flexible working benefits

by Sara Bean • Flexible working, Legal news, News, Workplace

British workers are lagging behind employees from other countries when it comes to flexible working hours and benefits like extended leave, suggests new research. New independent research commissioned by travel specialists Opodo.co.uk compared Britain with other nations across Europe and the USA, which reveals that British companies are lagging behind other businesses when it comes to flexible working. Three-quarters of employees in the UK (75 percent) don’t believe they have a generous holiday allowance and 84 percent aren’t offered time back in lieu for days worked over the weekend. It’s of no surprise then that 69 percent of Brits don’t think they have a good work-life balance.

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October 15, 2017

Progress on gender equality at work moving at a snail’s pace, report claims

by Neil Franklin • News, Workplace

The UK’s gender equality at work has barely budged in ten years, a new report claims. The Gender Equality Index 2017, which has been published by the European Institute for Gender Equality (EIGE), also claims that gender equality across the EU improved little between 2005 and 2015. The index measures gender equality at work using several factors, including the proportion of women in full-time employment, the availability of flexible-working arrangements and career prospects. According to the report, the EU’s score is just four points higher than ten years ago, now 66.2 out of 100. The top performing country is Sweden with a score of 82.6, while Greece moved to the bottom with 50 points. The award for the most improved country goes to Italy, which made a big leap and gained 12.9 points to place itself at rank 14 on the ladder.