Search Results for: financial

Half of employers support extension of statutory paternity rights

Half of employers support extension of statutory paternity rights

by • News, Workplace

paternityNew data from the CIPD suggests that almost half of organisations support extending statutory paternity/partner leave and pay, with 29 percent of those backing an extension to either six weeks or more. In response, the CIPD is urging the Government to increase statutory paternity/partner leave to six weeks, either at or near the full rate of pay, to help families balance caring responsibilities and provide more financial support for working parents. Currently, under statutory paternity leave, employees can choose to take either one or two consecutive weeks’ leave if they have been employed for at least 26 weeks. Statutory paternity pay for eligible employees is currently either £156.66 a week or 90 percent of their average weekly earnings, whichever is lower. More →

People reconsider working from home in response to rising energy costs

People reconsider working from home in response to rising energy costs

by • Flexible working, News

commuters and working from homeAround two thirds of people who can work from home say their employers aren’t planning to provide financial support related to energy costs and almost a quarter of under 35s currently working from home say they would consider coming into the office more due to rising energy prices.  These are the key findings of a YouGov poll from Emburse. A sample of 1,015 British employees were asked a range of questions covering hybrid working patterns and employer financial support in light of the cost of living crisis and increasing utility bills. More →

Is the growing number of working mums a cause for celebration or concern?

Is the growing number of working mums a cause for celebration or concern?

by • Comment, Wellbeing

working mumsWorking mothers are a resilient group, accustomed to juggling work responsibilities and family time with aplomb. Such was the conclusion in a report from McKinsey last year. But the day-to-day challenges they face can severely test that resilience. The proportion of working mums in the UK has just matched the highest ever recorded figure. In the three months to June, 75 per cent of women with dependent children were in employment, according to the Office for National Statistics. By comparison, 93 per cent of fathers were in employment during the same period. More →

Working families are only three weeks from breadline, claims report

Working families are only three weeks from breadline, claims report

by • News, Wellbeing

working familiesThe latest Deadline to Breadline report from Legal & General claims that the financial resilience of working families in the UK has shrunk by a fifth since 2020, down from from 24 days to 19 days. According to the report, people overestimate by nearly six weeks how long they could fund basic living costs such as housing costs, loans/ credit card repayments, utility bills and food if they lost their income.  Households have average savings of £2,431 and debts of £610. Accounting for average daily expenses of £93, this would see the average household run out of money in less than three weeks if they were to lose their income. More →

Automation presents some legal risks you really need to address

Automation presents some legal risks you really need to address

by • Comment, Technology

automation Many think that robots making deliveries, ‘waitering’ in restaurants or working at hospitals is a long way off. However, breakthroughs in robotics, machine learning and other technologies are making automation a reality in many industries. This will accelerate in upcoming years. Indeed, the smart technologies are forecast to add a whopping $15 trillion to the global economy by 2030. Among their many advantages for businesses are increased, faster output and slashed error rates. They also give employees the time to concentrate on people processes, such as sales and marketing or client relationships. More →

How Microsoft’s social listening research highlighted changing attitudes to work

How Microsoft’s social listening research highlighted changing attitudes to work

by • Comment, Technology, Wellbeing

The current state of the talent market is putting significant pressure on business. Employers are experiencing an acute skills gap, with average vacancies across industries per 100 jobs ranging between 5 and 8, according to data compiled by the Office for National Statistics in June 2022 – the highest average since records began. As more and more roles require digital skills, businesses are looking to younger generations whose upbringing may have been organically framed by digital tools, platforms and devices. More →

Workplace decision making is subject to a number of conflicting forces

Workplace decision making is subject to a number of conflicting forces

by • News, Workplace

workplace decisionA new survey from 15Five claims that the workplace is in a state of upheaval, with one-third of workers planning to quit their jobs despite the potential economic downturn. Conversely, nearly one in five organisations are planning on layoffs, and more than one-third of HR leaders have rescinded job offers. The poll of 1,000 US full time employees and 500 HR leaders [registration] also claims that work-life balance is a top concern for employees, behind only pay and health benefits. When HR leaders were asked what was most important to their employees, work-life balance claimed the number one spot (64.6 percent), followed by health benefits (62.8 percent) and growth opportunities (54.6 percent). More →

Two thirds of businesses set to increase borderless working over next 12 months

Two thirds of businesses set to increase borderless working over next 12 months

by • Flexible working, News

borderless workingA new poll from Perkbox suggests that a growing number of businesses are going to look to borderless working to resolve hiring challenges. According to the survey, almost two-thirds of businesses (62 percent) plan to increase the number of remote staff they hire outside of their main country of operations over the next 12 months. This drive is fuelled by technological advances over the past two years facilitating greater hybrid and remote working. There are a range of motivations, but the survey of 500 UK business leaders identified the top three as building a more diverse workforce to access a wider talent pool (35 percent), encouraging innovation (32 percent), and building a global workforce (29 percent) to service a wider customer base. More →

Circularity is now essential in the delivery of net zero buildings

Circularity is now essential in the delivery of net zero buildings

by • Environment, News

net zero buildingThe UK Green Building Council (UKGBC) has published new insight into the positive impact circular thinking can have in delivering whole life carbon reductions and value creation across construction projects. The study, ‘How Circular Economy Principles can impact carbon and value‘ seeks to increase understanding within the built environment sector of how circularity can support reductions in whole life carbon in achieving net zero. It also seeks to enable project decision-makers and key built environment stakeholders to strengthen the business case for implementing circularity. More →

Benefits of zero-hours contracts outweigh downsides for most people

Benefits of zero-hours contracts outweigh downsides for most people

by • News, Workplace

zero hours contractsNew research from the CIPD suggests there needs to be a more balanced and nuanced debate about their place in the labour market, that recognises both the positives and downsides to zero-hours work. The CIPD’s new research ‘Zero-hours contracts – Evolution and current status’– claims that this kind of arrangement – where there’s no guaranteed minimum number of hours that must be worked – is an established part of the UK labour market. It finds that the number of people on ZHCs has changed little since 2015, making up just 3 percent of employment. Fewer than a fifth of employers (18 percent) use ZHCs, and they’re most often used in the hospitality and entertainment industries, in the voluntary sector, and typically in roles such as bar staff, waiters/waitresses, and care workers. More →

Commercial real estate enters downturn in UK, claims RICS

Commercial real estate enters downturn in UK, claims RICS

by • News, Property

commercial real estateThe UK’s commercial real estate market is entering or might already be in a downturn, according to an industry survey from the Royal Institute of Chartered Surveyors. As higher interest rates push up investors’ financing costs and economic sentiment takes a dive, 43 percent of respondents to its quarterly commercial property survey thought the sector was in the early stages of a downturn, and a further 10 percent thought it was in the middle of one. By contrast, three months ago 53 percent said the sector was in the early or middle stages of an upturn, a proportion that has now slumped to 22 percent. More →

Quarter of European firms now use HR analytics tools

Quarter of European firms now use HR analytics tools

by • News, Technology, Workplace

HR analyticsJust over a quarter of European companies are using HR analytics tools for performance management, according to new research from Durham University Business School. The researchers also claim that firms that monitor and manage the performance of their employees using HR analytics are also the ones that use financial incentives to staff intensively. Hence, there appears to be a positive relationship on the role financial incentives have on performance of employees and the use of HR analytics. Whilst also, the researchers discovered that the larger the organisation, the more likely they were to invest in HR analytics for monitoring, although this effect appeared to taper off for the largest firms. More →

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