Search Results for: financial

Employers have a poor understanding of what actually motivates their employees

Employers have a poor understanding of what actually motivates their employees

by • News, Workplace

Almost half of companies (45 percent) still believe that an attractive salary and package is what motivates their workforce, despite the fact that employees cite ‘soft benefits’ such a flexi-working, work-life balance, and ‘being valued’ as key to feeling fulfilled in their job role. The findings come from recent research ‘Meeting demands through the job offering’, by recruiter Robert Walters and job board CV-Library that highlight the disparity between what employees want and what companies are offering to staff. While 60 percent of professionals’ state career development as an important part of a job offering, less than 10 percent of companies believe that a lack of career progression and development would be a key reason for losing talent. The report also found that although companies claim that ‘staff being stuck in their ways’ is the main reason behind the lack of quality applicants, over 40 percent of professionals state that they would be willing to take up a role in another field where skills would be transferable, or work in a new sector to broaden their skills.

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Productivity only a priority for a third of employers as skills shortages persist

Productivity only a priority for a third of employers as skills shortages persist

by • News, Public Sector, Workplace

Despite its importance to the economy, productivity is only a priority for 36 percent of employers and only half (50 percent) use the term when discussing organisational performance according to the latest Labour Market Outlook from the CIPD and the Adecco Group. And LMO data suggests that employers are overconfident when it comes to assessing their own productivity, with just 7 percent believing their organisation’s productivity is below average. (more…)

UK cyber threat intensifies within both the private and public sector

UK cyber threat intensifies within both the private and public sector

by • Facilities management, News, Public Sector, Technology, Workplace

The UK’s cyber threat environment is intensifying, with over three quarters (88 percent) of organisations reporting they’d experienced a cyber breach in the last 12 months. The UK Threat Report from Carbon Black also claims attacks are growing in volume and the average number of breaches has increased. The average number of breaches per organisation over the past year was 3.67 and 87 percent of organisations saw an increase in attack volumes. In addition, 89 percent of organisations say attacks have become more sophisticated.

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Traffic congestion cost UK drivers nearly £8 billion in 2018, study claims

Traffic congestion cost UK drivers nearly £8 billion in 2018, study claims

by • Flexible working, News

Inrix has published its annual Global Traffic Scorecard that claims to identify and rank congestion and mobility trends in more than 200 cities across 38 countries. In the UK, the 2018 Traffic Scorecard analysed congestion and the severity of it in the top 20 urban areas. It claims drivers lost an average of 178 hours a year due to congestion, costing them £7.9 billion in 2018, an average of £1,317 per driver. London (227 hours lost due to congestion) and Birmingham (165 hours) ranked as the two most congested cities in the overall impact of congestion ranking.

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Organisational innovation being stymied by lack of senior support

Organisational innovation being stymied by lack of senior support

by • AI, News, Technology, Workplace

Organisational innovation being stymied by lack of senior supportA lack of senior stakeholder support is the greatest inhibitor of change, new research suggests as despite considerable enthusiasm to innovate, organisations are being thwarted by tight resources and strong internal resistance. The data commissioned by KCOM found that organisations are also limiting themselves by turning away the specialist skills and experience that could help them advance, through overly predictive procurement processes. They are however, eager to be more competitive, which is why organisations are making big investments in innovation projects. Almost half (43 percent) consider driving digital transformation to improve competitive advantage to be their top priority in the next year. A further 32 percent are allocating at least 20 percent of their IT budget to new projects. Both public and private sector organisations are also taking an increasingly people-centric approach to digital transformation. In the next year, 80 percent said they would incentivise staff retention through training, accreditation and career development to deliver on their innovation strategy. This is compared to 71 percent who said they would do so by investing in new technologies.

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Stark levels of stress among small business owners as they struggle to stay solvent

by • News, Wellbeing

Chronic work-related stress has risen sharply among small business owners, with a fifth of small business owners look to taking a job elsewhere to stay afloat this year. This is according to new research from AXA, which reveals that many are adopting short-term planning and cutting reliance on external funding ahead of Brexit. Staying agile and light is a common strategy, but may not give businesses the best chance of survival if financial cushions are not in place too. The study finds a sharp increase in financial anxiety amongst business owners. Over the course of 2018, those reporting they felt chronically stressed about their businesses increased by almost 50 percent, reaching 29 percent by year end. (more…)

Staff wellbeing moves up the HR agenda and yes, includes the provision of free fruit

Staff wellbeing moves up the HR agenda and yes, includes the provision of free fruit

by • News, Wellbeing, Workplace

Employers have placed wellbeing high on their agenda in a bid to encourage employee engagement and reduce absence, claims new research from XpertHR. More than half of employers (54.4 percent) run informal employee wellbeing initiatives, while one-in-five (22 percent) has a formal programme in place. The majority of these formal employee wellbeing programmes (69.6 percent) have been in place for a year or more – demonstrating a high level of employer commitment but also that programmes have gained traction within organisations. (more…)

Largest ever speculative office development in Bristol gets green light

Largest ever speculative office development in Bristol gets green light

by • Cities, News, Property

AXA Investment Managers – Real Assets (AXA IM – Real Assets), along with development manager Bell Hammer, is to commence construction of the initial phase of its 300,000 sq ft mixed-use Assembly Bristol regeneration project, having appointed Galliford Try as the main contractor. The construction contract and initial work has commenced for Building A which comprises 200,000 sq ft across 11 storeys with practical completion due in 2020. The building is claimed to a offer new archetype for Bristol office space; comprising multiple uses, and a range of flexible office spaces designed for both local and global businesses in the services, creative, consultancy, financial, media and technology sectors.

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Are these the 2019 Top Employers to work for in the UK

Are these the 2019 Top Employers to work for in the UK

by • Company news, Wellbeing, Workplace

The Top Employers Institute, a certifier recognising employers that provide world-class employee conditions, has released its list of Certified UK Top Employers for 2019. Over 600 HR professionals gathered at London’s Hilton on Park Lane, on the 31st January 2019, to recognise the best employers in the UK. (more…)

Northern English cities bear brunt of government spending cuts

Northern English cities bear brunt of government spending cuts

by • Cities, News

The UK’s cities, and especially those in the North of England have borne nearly three-quarters (74 percent) of all real-terms local government funding cuts in the last decade despite being home to just 54 percent of the population, according to Centre for Cities’ annual Cities Outlook 2019 report – the Centre’s annual health check on UK city economies. This is equivalent to a reduction of £386 per city dweller since 2009/10, compared to £172 per person living elsewhere. Cities Outlook 2019  reveals a clear geographical divide in where cuts to cities have fallen, with the top five worst affected cities all located in the North of England.

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Majority of large UK firms to address climate change in annual reporting

Majority of large UK firms to address climate change in annual reporting

by • Environment, News

Two-thirds (67 percent) of UK corporations will be disclosing climate change related risks and opportunities in their 2019 annual reporting, according to new figures released by the Carbon Trust. However, fewer than a quarter (23 percent) of companies are expecting to fully report in line with the recommendations of the G20 Financial Stability Board’s Task Force on Climate-related Financial Disclosures (TCFD), released in June 2017. (more…)

UK leading the way in digital transformation strategy

UK leading the way in digital transformation strategy

by • News, Technology

IT consultancy Infosys has released new research, the Infosys Digital Radar 2019, which it claims reveals the digital transformation maturity of businesses around the world in 2018, and what it takes to navigate the next stage of their journey. Its main claim is that to become digitally advanced, organisations need to run multiple digital initiatives at scale at the same time. It suggests that organisations in the UK are now significantly ahead of the global average when it comes to their digital transformation, including countries like the United States and Germany.

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