Search Results for: financial

Third of working parents worry about their children’s mental health

Third of working parents worry about their children’s mental health

by • News, Wellbeing, Workplace

Children’s mental health is cause of worry for working parentsToday is World Mental Health Day and new research from Bupa has found that concerns over mental health is not confined to adults, as a third of employees say they worry about their children’s mental health while at work. The research, conducted among working parents of 4-18 year olds reveals that children’s mental health is among parents’ greatest concerns, on par with physical health and academic performance. The only concern that ranks higher is future financial prospects.  (more…)

Employers struggling to attract skills needed for digitalised workplace

Employers struggling to attract skills needed for digitalised workplace

by • AI, News, Technology, Workplace

Employers struggling to attract skills needed for digitalised workplaceMore than half of CEOs (53 percent) admit they can’t find candidates with the necessary skills to help them navigate an increasingly digitalised business landscape a new survey from Robert Half has claimed. These include data analysis and digital skills, as well as softer skills such as resilience, adaptability to change and critical thinking. This means that nearly five million UK SMEs, the equivalent to four out of every five (82 percent) small and medium-sized companies, are struggling to attract the skills they need. As a result, many are being forced to offer salary packages higher than originally expected to recruit the right talent. (more…)

Brexit has already caused banks to move head counts away from UK

Brexit has already caused banks to move head counts away from UK

by • News, Technology, Workplace

Brexit has already caused banks to move head counts out of UKA new report published by Information Services Group (ISG) claims that UK banks are already moving headcount out of the UK and building new centres of excellence in other EU countries. The reason it suggests is because Brexit is likely to disrupt the UK and Europe applications development and maintenance (ADM) services markets in the coming months, with the impact felt most notably in the banking, financial services and insurance (BFSI), healthcare and life sciences (HCLS) and manufacturing sectors. However, a September report from Reuters found that so far just 630 jobs in the finance sector have been relocated from the UK.  (more…)

With six months to go before Brexit, only 630 finance jobs have left UK, claims Reuters

With six months to go before Brexit, only 630 finance jobs have left UK, claims Reuters

by • News

As few as 630 UK-based finance jobs have been shifted or created overseas with just six months to go before Brexit, a far lower total than banks said could move after Britain’s surprise vote to leave the European Union, according to a new Reuters survey. Many bankers and politicians predicted after the June 2016 referendum that leaving the EU would prompt a mass exodus of jobs and business and deal a crippling blow to London’s position in global finance.

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Around half of workers expect to have multiple careers throughout their working life

Around half of workers expect to have multiple careers throughout their working life

by • Flexible working, News, Workplace

Just under half of UK workers (46 percent) expect to have multiple careers throughout their working life, as opposed to one structured and lifelong career, according to a new report from employee benefits firm Unum and researcher The Future Laboratory. The Future Workforce (registration required) sets out to examine the motivations and priorities of UK workers, to understand how the nation’s workforce will change over the next decade. Insights were drawn from a survey of more than 3,000 UK workers, as well as from interviews with a range of industry experts and business leaders.

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When workplace strategy builds bridges between people and place

When workplace strategy builds bridges between people and place

by • Features, Technology, Workplace, Workplace design

The world of work is changing rapidly and profoundly in a way that we haven’t seen since the time of the industrial revolution. Yet even as we stand at a momentous, game-changing inflexion point, the 21st century workplace strategy sector is still dithering about whether to join in the revolution. They are like the industrial mill owners of 19th century England who adopted a ‘make do and mend’ approach to business and failed to invest in new technology only to be forced out of business by foreign competitors who had invested in radical new, state of the art technology.Today the technological game changer is digital technology rather than weaving technology, but the effect is the same. Unless the workplace strategy sector embraces change and builds bridges between the ‘people’ side of the business and the ‘place’ side with other workplace specialists, their industry will become as dead as a dodo.

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Half of all workplace tasks will be performed by machines within seven years

Half of all workplace tasks will be performed by machines within seven years

by • News, Technology

The world is going through a workplace revolution that will bring a seismic shift in the way humans work alongside machines and algorithms, according to new research by the World Economic Forum. By 2025 more than half of all current workplace tasks will be performed by machines as opposed to 29 percent today. Such a transformation will have a profound effect on the global labour force, however in terms of overall numbers of new jobs the outlook is positive, with 133 million new jobs expected to be created by 2022 compared to 75 million that will be displaced. The research, published in The Future of Jobs 2018, is an attempt to understand the potential of new technologies to disrupt and create jobs. It is also seeks to provide guidance on how to improve the quality and productivity of the current work being done by humans and how to prepare people for emerging roles.

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Over half of men want to be more involved in childcare, major new report claims

Over half of men want to be more involved in childcare, major new report claims

by • Flexible working, News

More than half of men who have children or other caring responsibilities want to be more involved in childcare, a new study commissioned by Business in the Community, in partnership with Santander UK, has found. The Equal Lives research asked 10,225 UK parents for their views on work and care, and found that traditional gender roles in caring are seen as increasingly outdated, with 85 percent of men believing that they should be as involved as women in caring for their children.

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A new era of technology could resolve UK low productivity at last

A new era of technology could resolve UK low productivity at last

by • News, Technology

A new McKinsey study sets out to address the reasons why the United Kingdom experiences chronically low productivity and what can be done to use technology to improve its performance. In the report, Solving the UK’s productivity puzzle in the digital age, the authors argue that “Britain stands out as one of the worst productivity performers among its peers”. They argue that there are four distinct reasons for the weakness since the economic crisis: “boom and bust” in the financial sector, the strength of employment growth, weak investment and uneven “digitisation”.  It claims that the UK is operating at only 17 per cent of its digitisation potential, indicating how much scope for improvement there is.

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More UK workers ready to change jobs as confidence in economy grows

More UK workers ready to change jobs as confidence in economy grows

by • News, Workplace

Increased confidence in economy means more UK workers prepared to change jobsUK workers are feeling more confident about the state of the economy but it’s making them less inclined to stay in their current jobs, a new survey claims. According to the latest Global Talent Monitor report for the second quarter of this year, from Gartner 18.8 percent of UK employees indicated a very low intent to stay in their current role, the second highest after India (40 percent), and higher than the global average of nearly 12 percent. This is the first time since Brexit that workers reported having an optimistic outlook on the job market, and their own career growth. Nearly 40 percent of UK employees reported somewhat high to high confidence in the economy. When it comes to their personal prospects, employee perceptions have risen steadily over the last year and have increased nearly 4 percent. In fact, job opportunity perceptions in the UK are nearly 1.5 points higher than the global average. However, despite their intentions to move on from their current role, UK employees are still putting in a strong effort in their current roles, with nearly 13 percent of employees reporting a high willingness to go above and beyond in their role, and an additional 43.8 percent leaning towards high.

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We should measure wellbeing and security if we want to create Good Work, claims the RSA

We should measure wellbeing and security if we want to create Good Work, claims the RSA

by • Flexible working, News, Wellbeing, Workplace design

Job security, workplace mental health, and how well-supported workers feel by their employer, should be monitored annually by the government, a report led by the RSA and the Carnegie UK Trust recommends. The need to better monitor quality of work in the UK was called for in RSA chief executive Matthew Taylor’s 2017 employment review for the Prime Minister. The UK Government subsequently committed to delivering on this proposal; and Measuring Good Work now sets out a roadmap for how the ambition can be achieved. The report highlights that employment has a major impact on people’s wellbeing and quality of life, arguing that since the 2008 financial crisis, despite record employment, the overall figure on the number of people in work fails to account for issues like worker pay; whether employees feel they are trapped in a job below their skillset; are working too few or too many hours; or are facing excessive workplace pressure.

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Cash is key motivator for UK workers and it is leading to high levels of disengagement

Cash is key motivator for UK workers and it is leading to high levels of disengagement

by • News, Workplace

Cash is key motivator for UK workers and it is leading to high levels of disengagement

UK workers are more motivated by cash than their European counter-parts, a new survey has claimed, with over half (62 percent) saying their pay check is the reason they come to work. According to the research from ADP, this compares to an average of 49 percent across other European countries. The study, which surveyed over 2,000 workers across France, Germany, Italy, Netherlands and the UK, also shows that non-financial drivers lead to higher engagement levels and greater satisfaction on pay day. UK employees were also the least likely to claim they come to work because they love what they do, with only 13 percent of UK workers saying this is the case, compared to 26 percent in the Netherlands. Worryingly, UK workers are also the most likely to feel like quitting, with 19 percent thinking this every week or more, and 9 percent going as far to think about it most days. This is drastically higher than all other countries, averaging 11 percent and 6 percent respectively.

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