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Wellbeing, skills and diversity data absent from majority of FTSE 100 firms’ annual reports

Wellbeing, skills and diversity data absent from majority of FTSE 100 firms’ annual reports

wellbeing, skills, diversityNew analysis of FTSE 100 annual reports finds that while workforce reporting has improved in the past two years, the quantity and quality of disclosures still varies significantly and remains very poor in places. The new report, How do companies report on their ‘most important asset?, from the CIPD, the PLSA and Railpen, analysed the quality of workforce disclosures in the 2021 annual reports of FTSE 100 companies against seven key themes: Workforce cost and composition; employee relations and wellbeing; reward; voice; skills, capabilities and recruitment; and response to COVID-19. (more…)

Caring responsibilities disproportionately impact women’s lives and careers

Caring responsibilities disproportionately impact women’s lives and careers

caringNearly six out of ten women (58 percent) say caring responsibilities have stopped them applying for promotion or a new job, and one in five (19 percent) have left a job because it was too hard to balance work and care, according to wide-ranging research by Ipsos and Business in the Community (BITC). Whilst 35 percent of all adults, and 44 percent per cent of working adults, have caring responsibilities, the research found that they are not spread equally. Women account for 85 percent of sole carers for children and 65 percent of sole carers for older adults. More people from ethnic minority backgrounds (42 percent) have caring responsibilities than from white backgrounds. (more…)

Active commuting should be part of ESG strategy, says BCO

Active commuting should be part of ESG strategy, says BCO

active commutingPutting active commuting at the heart of ESG policies can shift commuters towards more sustainable forms of travel, improve individual health and wellbeing and help companies cut carbon emissions, new research from the British Council for Offices (BCO) has found. A new BCO research report, The Market Cycles II examines the rise of cycling in the UK over the past five years and its impact on office specifications. The report highlights that this period has seen an increase in cycling activity in the UK, with a particularly sharp rise in the past two years as the COVID-19 pandemic has caused a shift in travel habits, and a rise in active commuting. (more…)

Half of employees say their job is main source of mental health challenges

Half of employees say their job is main source of mental health challenges

mental healthMore than half of employed people in the UK (58 percent) say their job is the main source of their mental health challenges according to new research from Qualtrics which also claims that more employees in the UK would prioritise the ability to choose which hours of the day they work (55 percent) and what days of the week they work (22 percent) over the ability to work remotely from any location (14 percent). (more…)

Building workplace resilience in a changing environment

Building workplace resilience in a changing environment

workplace resilienceFor decades, it has been agreed that change is a constant. So, doesn’t it stand to reason that before a change or crisis happens, an organization should have the ability and resilience to transform? In the McKinsey report, The resilience imperative: Succeeding in uncertain times, resilience is defined as, “the ability to withstand unpredictable threat or change and then to emerge stronger.” In other words, it is the ability to sustain and endure. And it applies just as much to workplace resilience as any other element of the organisation. (more…)

The rise of DBS checks in the modern workplace

The rise of DBS checks in the modern workplace

DBS checksDisclosure and Barring Service (DBS) checks are becoming an increasingly common requirement. More and more industries are realising their utility, for important functions such as increasing the safety of the workplace, and protecting the broader interests of the brand. In this article, we take a closer look at some of the causes behind the rise of DBS checks, to help employers and employees alike better understand their importance. More specifically, we outline the importance of such checks in a modern work environment, and their place in a society which is ever-conscious about the role of privacy. Let’s explore further.  (more…)

ESG issues top wish-lists for investors and employees

ESG issues top wish-lists for investors and employees

ESGThe annual EY Long-Term Value and Corporate Governance Survey finds a significant increase – from 66 percent to 84 percent – of board members and C-suite who say the COVID-19 pandemic increased expectations from consumers, employees, governments and broader society that companies will drive societal impact, environmental sustainability, and inclusive growth. However, there’s also an increase – from 28 percent to 43 percent – in respondents identifying lack of commitment from the board to make decisions that fully integrate ESG factors that would lead to long-term value. Fifty five percent of respondents say there are significant differences of opinion among leadership on how to balance short-term considerations with long-term investments and sustainable growth. That figure jumps to 68 percent of board chairs and non-executive board directors. (more…)

The opportunities and challenges of new technologies for AML

The opportunities and challenges of new technologies for AML

AMLBack in 2021 the Financial Action Task Force (FATF) put out a paper on the opportunities and challenges that new technologies are bringing to Anti-Money Laundering (AML) and counter-terrorist financing (CTF) efforts. If you are unaware of who the FATF is it may be worth your while to investigate farther into it. For now, though, let it be known that they are an independent inter-governmental body that defines the rules and procedures that need to be in place to prevent these two criminal activities. (more…)

Skills crisis intensifies as demand for white collar jobs outstrips supply

Skills crisis intensifies as demand for white collar jobs outstrips supply

skills crisisDemand for people to fill permanent and contracted white-collar jobs while the UK continues to battle a skills crisis. That’s according to the latest Recruitment Trends Snapshot report from The Association of Professional Staffing Companies (APSCo). The data provided by Bullhorn, claims that demand for contractors was also up year-on-year, increasing 38 percent. Month-on-month figures also showed a spike in jobs, with permanent and contract vacancies increasing 104 percent and 78 percent between December and January, which can be attributed to a bounce back following a seasonal lull. (more…)

Record pay rises on the cards to address tough recruitment conditions

Record pay rises on the cards to address tough recruitment conditions

record pay risesEmployers anticipate offering record pay rises of 3 percent in 2022 as they look to combat increasing recruitment and retention difficulties. This is the headline finding from the CIPD’s latest quarterly Labour Market Outlook, which highlights the scale of the growing challenge facing organisations in finding and keeping staff, and how they are responding. This quarter’s pay award figure is the highest since the survey was conducted using its current methods in the winter 2012/13 report. The Labour Market Outlook surveyed more than 1,000 employers in January 2022 about their hiring, pay and redundancy intentions for the first quarter of the year. (more…)

Climate change risk should be factored in to investment decisions

Climate change risk should be factored in to investment decisions

Ahead of mandatory requirements to disclose climate change related risks coming into force in April 2022, the UK Green Building Council (UKGBC) has published a new Framework providing businesses with a consistent methodology for measuring climate-related risks across their built assets, as well as empowering asset owning businesses of all sizes to better understand and plan for the physical risks of climate change. (more…)

Remote work monitoring software used by four in five employers

Remote work monitoring software used by four in five employers

remote work monitoringAccording to a new report from Instant Offices (registration), four in five employers whose staff are offered hybrid or remote work are already using employee monitoring tools to track work performance and activity. According to the study: 78 percent of companies report using employee monitoring software to track worker performance and online activity; 73 percent say stored recordings of calls, emails, and messages have affected team members’ performance reviews; over 50 percent say they are implementing non-traditional monitoring techniques; and 94 percent of employers track emails.  (more…)