Search Results for: finance

Ethnic diversity in FTSE 100 leadership pipeline improves for first time in four years

Ethnic diversity in FTSE 100 leadership pipeline improves for first time in four years

by • News, Workplace

A new study from recruitment consultancy Green Park claims that the leadership pipeline, supplying the highest tier of management in FTSE 100 companies now includes the highest level of ethnic minority talent for four years. According to the study, progress is being made with ethnic minorities moving up the management funnel, though at five percent of those in the pipeline it still is not a fair representation of British society. While the pipeline is improving there remains a question over whether minorities can break through the glass ceiling, as the top roles in companies remain a closed shop for ethnic minority and female leaders. There has been a decrease of 18 percent in the number of ethnic minorities holding positions at Chair, CEO and CFO level in FTSE 100 companies.  Almost six in 10 (58 percent) main boards in the FTSE100 currently have no ethnic minority presence. This is a slight improvement on the 62 companies that recorded all-white main boards in last year’s report. Yet it calls into question whether the target set in Sir John Parker’s consultation document that no FTSE board should remain mono-racial by 2020 will be met.

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Workplace menopause study claims women need more support from employers

Workplace menopause study claims women need more support from employers

by • Flexible working, Wellbeing, Workplace

A new report from the UK Government and University of Leicester has called for menopause-friendly workplaces and culture change programmes. In what the authors claims is the most comprehensive study of its kind, the report claims that ‘many women tend to feel that they need to cope alone’ – because of ‘a reluctance to speak up at work’. The report ‘The effects of menopause transition on women’s economic participation in the UK’ was funded by the Government’s Equalities Office. The research, published by the Department for Education, was carried out by Joanna Brewis, Andrea Davies and Jesse Matheson of the University of Leicester School of Business and Vanessa Beck of the University of Bristol School of Economics, Finance and Management.

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Average UK worker takes just half an hour for lunch each day

Average UK worker takes just half an hour for lunch each day

by • News, Wellbeing, Workplace design

The average worker in Britain now takes just 34 minutes for their lunch break with over half of workers (52 percent) skipping their lunch break completely – a significant shift from the traditional one hour break.  Londoners are most likely to skip their lunch hour altogether, closely followed by Birmingham, Manchester and Norwich. This is according to new research from Workthere, the flexible workspace search service launched by Savills last year. Workthere commissioned a poll of 2,000 full time workers across Britain on their lunchtime habits to find out how long they actually take. The results show that office employees eat at their desk on average four days per week and even when they do take a break, they often don’t step out of the office, with over a third of those polled (37 percent) saying they rarely leave the office at lunch time. Additionally, 12 percent agreed they felt pressure to work through their lunch hour. Workthere also asked how the office environment affects these behaviours and found that over a third (36 percent) of those questioned said that access to outside space at lunchtime would make them more productive at work, with 32 percent confirming a quiet area to escape to would make a difference to the time they spend on their break.

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Taylor Review on Modern Working Practices and the gig economy is published

Taylor Review on Modern Working Practices and the gig economy is published 0

by • Flexible working, Legal news, News, Wellbeing, Workplace

The long awaited UK government commissioned report into modern working practices and the so-called gig economy has been published at last. The Taylor Review was commissioned by the Department for Business, Energy & Industrial Strategy last year and there has been a great deal of speculation regarding its content ever since, especially last week after parts were apparently leaked to the media. You can follow the pile in now on Twitter and the festering pits of ignorance, prejudice and bile known as newspaper comment sections. Or you can read it here before you draw your own conclusions. We’ll be having our say tomorrow and sharing the thoughts of various organisations into its contents. The report was authored by Matthew Taylor, Chief Executive of the RSA and considers the implications of new forms of working, especially with regard to the gig economy and freelance work on worker rights and responsibilities, as well as on employer freedoms and obligations. It sets out seven key principles to address the challenges facing the UK labour market, set out below.

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UK government unveils £1 billion ultrafast broadband fund to aid remote working

UK government unveils £1 billion ultrafast broadband fund to aid remote working 0

by • Flexible working, News, Technology

The UK’s faltering move towards ultrafast broadband has been given a much-needed boost with the launch of a new fund, which will support the rollout of cutting-edge connections across the country. The government’s £400 million Digital Infrastructure Investment Fund (DIIF) will unlock over £1 billion for full fibre broadband, and kick-start better broadband connections across the country. Its aim is to revolutionise Britain’s digital infrastructure, making internet access more reliable for homes and businesses, and enabling more people to enjoy remote working without disruption. According to the Treasury, the flexibility to work remotely is pivotal for driving the economy forward; reducing overheads and helping businesses to start and grow.

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Digital tech is fastest growing sector in Scotland, claims report

Digital tech is fastest growing sector in Scotland, claims report 0

by • News, Technology

The digital technology sector is forecast to grow twice as fast as the Scottish economy overall in the years to 2024, according to research published by Skills Development Scotland and the Digital Technologies Skills Group. This growth is ‘creating unprecedented demand for digital skills with employers across all sectors seeking to harness the benefits of technology to drive innovation and increase competitiveness’. The new publication, Scotland’s Digital Technologies, found that digital tech was the fastest growing sector of the economy accounting for five percent of Scotland’s total business base and employing two per cent of the national workforce.

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Firms still paying lip service to digital transformation, but change may be coming

Firms still paying lip service to digital transformation, but change may be coming 0

by • News, Technology, Workplace

Britain’s biggest businesses risk being disrupted by the pace of technological change because their senior leaders are paying lip service to the need for digital transformation, according to a study from tech startup AVADO. The study of senior managers responsible for the learning and development (L&D) of staff at Britain’s biggest firms with turnovers of over £100m found that the need for digital transformation is accepted, almost universally, among respondents. 86 percent say they have assessed the business risk of not taking action and 88 percent have taken steps to address this. Yet, despite 93 percent of L&D professionals saying a digital transformation strategy is in place, the report suggests critical top down buy-in is missing. Yet, a second report from recruiters Robert Half suggests that a growing number of firms in the key finance sector are now actively recruiting to improve their digital transformation strategy.

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The self employed have to rely on each other as government offers almost no support

The self employed have to rely on each other as government offers almost no support 0

by • Flexible working, News

The self employed are turning to one another for business and financial support, according to new analysis by the RSA think-tank. Commissioned by the Federation of Small Business (FSB) to examine how self-employed workers might manage the risks they face, the RSA report claims that growing numbers of workers are turning to collective sick-pay funds to manage ill health, cash pooling schemes to deal with late payments and micro-loan services to plug gaps in bank finance.  The RSA’s report, The Self Organising Self Employed concludes that, to date, both the state and the market have struggled to keep pace with the rising numbers of the self employed. Although successive governments have been vocal in their admiration of people who strike it out alone, holding up their attributes as ‘self-starters’ and ‘strivers’, this had led to a ‘non-interventionist, hands-off policy agenda, with the self employed broadly left to their own devices’.

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Hong Kong and London’s West End again top global commercial property costs, according to CBRE

Hong Kong and London’s West End again top global commercial property costs, according to CBRE 0

by • News, Property

Hong Kong (Central) and London’s West End topped the list of prime commercial property occupancy costs again, according to CBRE Research’s latest annual Global Prime Office Occupancy Costs report. Hong Kong’s (Central) overall prime occupancy costs of US$303 per sq. ft. per year topped the “most expensive” list, followed by London’s West End (US$214 per sq. ft.), New York (Midtown) (US$203 per sq. ft.), Hong Kong (West Kowloon) (US$190 per sq. ft.) and Beijing (Central Business District (CBD)) (US$183 per sq. ft.).  Global prime office occupancy costs—which reflect rent, plus local taxes and service charges for the highest-quality, “prime” office properties—rose 1.9 percent year-over-year, with the Americas up 3.6 percent, EMEA up 0.8 percent and Asia Pacific up 1.2 percent.  Durban (South Africa) had the highest increase in occupancy cost overall, though Stockholm (Sweden) registered some of the fastest growth in Europe, along with Palma de Mallorca (Spain), Belfast (U.K.) and Amsterdam (Netherlands). In Asia Pacific, Shanghai (Puxi) in China had the highest growth in occupancy cost, followed by Guangzhou, Bangalore and Shanghai (Pudong). Buenos Aires showed the biggest increase in the Americas overall, while suburban Denver, suburban Houston and New York Midtown South saw the largest occupancy-cost increases in the U.S.

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Millennials most likely to have left their jobs by the end of this month 0

by • Flexible working, News, Technology, Workplace

An exodus of staff is expected at the end of June, claims a new study which predicts that 36 percent of employees will have left their jobs by the end of this month. Research from Robert Half UK entitled: ‘It’s time we all work happy: The secrets of the happiest companies and employees’ finds employees in London and the East of England are most likely to have left their roles by the end of June with nearly half of Londoners (49 percent) and 42 percent of those in cities like Cambridge, Norwich and Peterborough admitting they anticipate quitting their jobs in the first six months of the year. This trend is being driven by the millennial generation (aged 18–34), who despite experiencing above average levels of happiness (71.7) and interest (71.3) in their roles, are more likely to have left their jobs (49 percent) compared to a third of 35–54 year old’s and a fifth (21 percent) of those aged over 55. (more…)

Workplace wellbeing is now embedded in the very bricks and mortar of the building

Workplace wellbeing is now embedded in the very bricks and mortar of the building 0

by • Comment, Wellbeing, Workplace design

For some time now, the debate about how the workplace adds to the bottom line of an organisation has focused increasingly on the subject of wellbeing. There are plenty of good reasons for this, with the issue subject to both the push of employers as well as the pull of employees. Everybody thinks it’s a good idea and it’s easy to see why. Wellbeing is about business ethics, recruitment and retention, productivity, physical and mental health, work-life balance, absenteeism and the management of a flexible workforce, and all the other things that underpin the success and health of an organisation and each individual. It suggests a more positive approach to the workplace than either health & safety or occupational health, both of which remain disciplines more focused on reducing risk and harm than promoting positive outcomes, as is the case with wellbeing. Neither is it about something as raw and nebulous as productivity, which remains difficult and even impossible to measure for knowledge and creative workers and only offers a single dimension on a key workplace issue anyway.

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What will the UK General Election mean for the workplace? Some experts respond

What will the UK General Election mean for the workplace? Some experts respond 0

by • Architecture, Comment, Flexible working, Property, Workplace, Workplace design

Any residual feelings of certainty that anybody in the UK may have had about the country’s future following last year’s Brexit vote, will have had them pretty much eradicated by last Thursday’s General Election result. However, we must try to make sense of things for society and the wider economy as well as specific facets of it, such as the world of work. The whole thing looks like the pig’s ear that it is, of course. Fortunately, as some experts have already argued, there are some reasons to see some positive outcomes, including a soft (or softer) Brexit and the chance of a more positive approach to workplace rights, now that the Government needs to maintain a broader consensus. The fear or hope that the UK would lighten its already soft touch approach to workplace legislation would seem at least to be less well founded.

 

 

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