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UK could receive £250 billion boost if labour market matched that of Sweden

UK could receive £250 billion boost if labour market matched that of Sweden

by • News, Workplace

The need for a diverse and supportive labour marketNew analysis by economists at PwC claims that, if the UK could match Sweden in terms of its employment rates for women aged 25-54, older workers and the proportion of its young people not in employment, education or training, the potential boost to UK GDP could be as much as 12 percent, or around £250 billion at 2018 values. Although the UK labour market has been strong in recent years – the employment rate is at a record high of over 75 percent and unemployment is at its lowest level since the mid 1970s – new research from PwC indicates that performance is middling compared to other OECD economies. A new composite Labour Market Performance index, combining results from PwC’s Youth Employment, Golden Age and Women in Work indices, finds the UK is 19th overall amongst OECD countries. Iceland and Sweden top the combined index rankings based on the latest available annual data for 2018. (more…)

Government sets out plans to reduce work related ill health

Government sets out plans to reduce work related ill health

by • News, Wellbeing

wellbeing and ill healthThe UK government has opened a consultation on ill health in the workplace which looks at issues such as workplace modifications, the right to request flexible working and interventions from employers. It claims that more could be done on the issue, especially for people with disabilities or long term health conditions. The consultation will focus on what employers can do to help employees and how they could be supported with advice and information, better access to occupational health resources and financial help, especially for small businesses and the self-employed. (more…)

A life after carbon for the built environment

A life after carbon for the built environment

by • Cities, Environment, Features, Technology

A new urban model is emerging worldwide – transforming the way cities design and use physical space, generate economic wealth, consume and dispose of resources, exploit and sustain the natural ecosystems they need, and prepare for the future. This emerging new urban paradigm has profound implications for players who care about and depend on the design of a city’s built infrastructure – including architects, engineers, builders, real estate developers, and office building tenants. (more…)

Family firms focus more on corporate social responsibility

Family firms focus more on corporate social responsibility

by • News, Workplace design

corporate social responsibilityCompanies owned by families pay more attention to issues of corporate social responsibility (CSR), such as sustainability and environmental issues, according to research from Vlerick Business School, but the research also found that attention to CSR decreases as the company is handed down to the next generations. Dr. Kerstin Fehre, Professor of Strategy at Vlerick Business School, alongside Dr. Florian Weber from the Karlsruhe Institute of Technology in Germany, studied family firms and the attention they gave to CSR compared to non-family firms. The study, published in the journal Business Ethics: A European Review, used over a hundred of the largest HDAX listed companies in Germany and analysed messages to shareholders published in annual reports. (more…)

Tick box attitude to women on boards must stop

Tick box attitude to women on boards must stop

by • Home, News

Women on boardAlthough the percentage of women on boards at FTSE 100 firms is on track to reach 33 percent by 2020, a new report claims there are worrying signs that companies are appointing women for symbolic value. The Female FTSE Board Report, produced annually by Cranfield University’s School of Management, claims that women serve shorter tenures than men (on average, female non-executive directors serve 3.8 years – with men serving 5 years) and are less likely to get promoted into senior roles. (more…)

Take up of shared parental leave constrained by traditional attitudes

Take up of shared parental leave constrained by traditional attitudes

by • Flexible working, Legal news, News

a father and child illustrating the importance of shared parental leaveDespite the introduction of shared parental leave rights, more than half of UK adults still think that women be the primary carers of babies and children, according to the latest British Social Attitudes Survey. Despite this, there has been a notable shift in attitudes over the last seven years, according to the researchers from the National Centre for Social Research. (more…)

Fifth of people do not last a year in self-employment

Fifth of people do not last a year in self-employment

by • News

Maria Spelterini crosses Niagara on a tightrope to illustrate the precariousness of self-employmentOne-fifth of sole traders in self-employment don’t survive one year, and the majority don’t survive five, according to a new study from the Institute for Fiscal Studies (IFS).  The analysis of HMRC tax records by researchers at the IFS was funded by the Office for National Statistics through the Economic Statistics Centre of Excellence (ESCoE) and the Economic and Social Research Council. (more…)

Closing the gender pay gap needs more than final ideas of Theresa May

Closing the gender pay gap needs more than final ideas of Theresa May

by • Comment, Workplace

Gender pay gap needs better ideas than those of Theresa MayTheresa May has spent her final few weeks in office trying to salvage a meaningful prime ministerial legacy from the long shadow of her failed Brexit strategy. Part of this effort is her plan to introduce 12 weeks’ paternity leave for new fathers, as part of her drive to reduce the UK’s gender pay gap. It is proposed that employers would pay fathers for the first four weeks of paternity leave at 90 percent of their normal salary, while the remaining eight weeks would be unpaid. This is intended to reduce the gender pay gap by increasing the sharing of parental responsibilities, and freeing mothers up to return to work earlier. (more…)

Four day week makes business sense, claims Henley report

Four day week makes business sense, claims Henley report

by • News, Wellbeing

Four day week makes business sense cover imageA four day working week could save UK businesses an estimated £104 billion annually, while improving productivity and their environmental performance according to new research from Henley Business School. The research claims that a shorter working week on the same pay could add to businesses’ bottom lines through increased staff productivity and an uplift in staff physical and mental health, whilst also resulting in a cleaner environmental footprint. Henley’s ‘Four Better or Four Worse?’ white paper exploring the issue claims that of those businesses who have already adopted a four day week, nearly two-thirds (64 percent) have reported improvements in staff productivity. (more…)

Jobs upheaval as world adapts to era of automation

by • AI, News, Technology

A new report from the Economist Intelligence Unit and UiPath claims that organisations around the world currently making extensive use of automation technologies, with 67 percent of UK business executives claiming to be satisfied satisfied with the results of their automation initiatives, 48 percent describing their organisation’s progress with automation as advanced, and 73 percent expecting their company’s operating costs to improve as a result of automating business processes. It is published on the same day as another report suggests that up to 20 million manufacturing jobs could be lost to robots across the world’s leading economies by 2030, replaced by a range of new jobs. (more…)

Flexible working is the new measure of success

Flexible working is the new measure of success

by • Comment, Flexible working

Professional bragging rights were once the preserve of top earners. Those with massive salaries, huge bonuses, and in some cases, even bigger egos. Money equals success – technology has shifted that long held view. Today flexible working, in terms of hours, location and role, has become an embraced reality and chief workplace priority. Technology has blurred the lines between work and life. The new “digitally native” workforce now expect a flexibility and access in every aspect of their lives. More than ever, work is seen as an adventure which is to be explored, rather than accepted. (more…)

Office furniture firms take their partners

Office furniture firms take their partners

by • Comment, Furniture, Workplace design

Living Office schematic from office furniture giant Herman MillerThe development of products for the workplace follow many trends, generally aiming to provide that ideal setting for maximum effectiveness and fully tuned to the philosophies of the day.  The processes involved can occupy a good proportion of time and energy for the workplace specialist and office furniture maker and feature heavily in the media. But, behind all the product cacophony, there are activities, often unseen, that make more difference to what will become available in furnishing the workplace. (more…)

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