Search Results for: income

No job is entirely safe as era of robots at work dawns 0

by • News, Technology

Two new reports have highlighted the ways in which a new generation of robots could transform the workforce, opening up opportunities while also threatening existing jobs. A study from Oxford Martin School claims that 35 percent of jobs in the UK are at risk of automation, and not necessarily those of the low skilled and unskilled. The study analyses which jobs commanding a salary of more than £40,000 are most at threat. It found that top of the “at risk” ranking are insurance underwriters, with a rating of 98.9 percent, followed by loan officers at 98.4 percent, motor insurance assessors (98.3 percent) and credit analysts (97.9 percent). A second report from think tank Reform suggests that robots should be proactively brought in to the workplace to replace 90 per cent of Whitehall’s 137,000 administrative staff with “artificially intelligent chatbots” by 2030, saving £2.6 billion a year.

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No matter how engaged they feel, key talent will leave for a fresh work challenge

No matter how engaged they feel, key talent will leave for a fresh work challenge 0

by • News, Workplace

No matter how engaged they feel, key talent will leave for a fresh work challenge

Most employers buy into the idea that the more engaged their employees the likely they are to leave, but a new survey suggests that whether or not staff feel engaged or are happy with their salary, they won’t stay on board once they’re ready for a new work challenge. This is according to research by Korn Ferry which claims that the No. 1 reason professionals would hunt for a new job in 2017 is to seek a more challenging position, while the quest for greater compensation comes in almost dead last as a reason to leave. In the survey of nearly 2,000 professionals, nearly three-quarters (73 percent) said that if they plan on being in the job market this year, it’s because they’re looking for a challenge. Trailing far behind, 9 percent said they are looking because they either don’t like their company or their efforts aren’t being recognized, 5 percent say their compensation is too low, and 4 percent say they don’t like their boss.

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London salaries fall as UK becomes less capital-centric, and it could be due to Brexit

London salaries fall as UK becomes less capital-centric, and it could be due to Brexit 0

by • Cities, News, Property, Workplace

London salaries fall as UK less capital-centric, and it could be down to BrexitLondon continues to be the region with the highest number of advertised vacancies (248,605) and the highest average salaries (£38,449), but its previously unassailable supremacy may soon be challenged, a new survey suggests. According to the latest UK Job Market Report from Adzuna real-time jobs data average salaries in the capital have fallen more (-3.9 percent) than any other region in the UK in the past year as salary growth in the rest of the UK catches up at a more consistent rate. This also represents a wider shift in the jobs market as the Government creates a solid post-Brexit UK economy that drives growth across the whole country. It is likely growing trends such as companies relocating their headquarters to cities outside the capital such as Manchester will continue as well as reinvestments into northern powerhouses to revitalise former struggling areas and industries.  With competition for jobs per jobseeker per vacancy rising from 0.43 to 0.45 in January, jobseekers in the capital may have two hurdles ahead in the shape of a more competitive job market and pedestrian salary growth.

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Flexible hours is main reason self-employed are happier than traditional workers

Flexible hours is main reason self-employed are happier than traditional workers 0

by • Flexible working, News, Wellbeing, Workplace

Self-employed happier than traditional workers due to flexible workingFlexible working hours and being their own boss makes the UK’s self-employed much happier than those in traditional employment a new survey claims. According to the latest set of findings from the ‘Definitive Study of the Self-Employed,’ commissioned by Intuit QuickBooks, the self-employed generated mean annual revenues of £32,623 (£5,000 more than the average UK salary), despite working 10 hours less per week. Of those who have been a salaried worker, two thirds (66 percent) claim to be financially better off or the same and 65 percent also feel better off in terms of ‘life satisfaction’. When the research considered nuanced reasons for choosing to work for oneself ;control of schedule (77 percent), more flexibility to work to one’s own terms (68 percent) and liking being one’s own boss (65 percent) were leading reasons, with not worrying about workplace politics (47 percent) also regularly referenced.

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Third of working mothers rely on school breakfast clubs to keep their jobs

Third of working mothers rely on school breakfast clubs to keep their jobs 0

by • Flexible working, News, Public Sector, Workplace

Third of working mothers say they rely on school breakfast clubsNearly 60 per cent of parents rank breakfast clubs as ‘very important’ for their families survival and routine; and a third of working British mothers say they would have to give up work if they weren’t available, claims a new report. The Kellogg’s study ‘The Parent’s Lifeline’, which looks into the role school breakfast clubs play in the lives of working families reveals that just a fifth of working mums and dads claimed they found time to enjoy breakfast with their children – describing their mornings as ‘tiring’ and ‘stressful’. While more than a quarter (27 per cent) of parents felt the absence of a breakfast club would mean at least one parent would be forced out of work, it is working mothers who would bear the burden (33 per cent). One in five recognised the cost for alternative morning childcare would mean they would have to tighten their purse strings, with nearly 20 per cent of parents claiming they save more than £50 every week by sending their children to breakfast clubs.

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New report highlights potential of technology to wipe out jobs and businesses

New report highlights potential of technology to wipe out jobs and businesses 0

by • News

Unregulated technological progress is one of the greatest threats to global prosperity, peace and stability, claims a new report from the World Economic Forum. The WEF’s Global Risks Report, published before 3,000 business leaders and politicians gather for its annual conference in Davos, claims that regulation is trailing far behind technological innovation and that without action, it could lead to the destruction of untold jobs and businesses and catalyse major social upheaval. Economic inequality, societal polarisation and intensifying environmental dangers are the top three trends that will shape global developments over the next 10 years, the World Economic Forum’s Global Risks Report 2017 claims. The report says that collaborative action by world leaders will be urgently needed to avert further hardship and volatility in the coming decade.

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Office workers have substantially higher rates of obesity than national average

Office workers have substantially higher rates of obesity than national average 0

by • Flexible working, News, Wellbeing, Workplace

Office workers have substantially higher rate of obesity than national averageObesity rates among office workers are substantially higher than other workers, a new report claims. Recent figures have revealed that 63 percent (NOO.org) of UK people entered 2017 either overweight or obese; despite around 35 percent holding a new year’s resolution to lose weight last year, The research also claimed that absent rates due to lifestyle related diseases is costing the British economy over £8.2 billion per year. Following this revelation, in correlation with National Obesity Awareness Week, Savoystewart.co.uk looked at which industries are most in danger of putting on weight due to the nature of their career choice. The statistics highlighted that those working in Leisure and Hospitality are the least likely be at threat, with those overweight and obese at 52 percent; 10 percent less than the national obesity average of 62 percent. In contrast, those working in administration are those most at danger, with obesity rates of 77 percent; a substantial 15 percent higher than the national average.

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Global lack of female leadership, despite benefits to companies’ performance

Global lack of female leadership, despite benefits to companies’ performance 0

by • Legal news, News, Workplace

Female leadership still not high around the world

Gender inequality remains high around the world – despite the fact that new research suggests how female leadership increases companies’ performance. A new report published by IZA World of Labor looks at the reasons for the persistence of wage and leadership gender gaps and their causes and consequences and emphasizes the beneficial role of female leaders in reducing gender inequality. The report claims that gender wage gaps and women’s under representation in leadership positions exist at remarkably similar magnitudes across countries at all levels of income per capita. In a new IZA World of Labor report the economist Mario Macis of Johns Hopkins University, USA summarizes recent research which shows that although women in many developed countries have reached parity with men in terms of formal educational attainment and employment, earning disparities between the genders are actually greater in richer countries.

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Britain must future proof itself ahead of a decade of disruption, claims report 0

by • News, Technology

Brexit negotiations will ‘fire the starting gun’ on a decade of change for the UK, claims a new report from think tank the Institute for Public Policy Research (IPPR). The study, Future Proof: Britain in the 2020s, sets out the key challenges it claims will shape the UK in the period up to 2030 and the ‘choices that must be made now if these changes are to lead to a fairer and more equal society’. Among the issues covered in the report are the challenges directly related to Brexit, alongside factors such as an ageing population, other demographic changes, the risk to jobs posed by automation, the shift of the globalised economy towards Asia and the enduring problems associated with wage inequalities and the environment.

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Control over working hours leads to different outcomes for mothers and fathers

Control over working hours leads to different outcomes for mothers and fathers 0

by • Flexible working, News

The growth of flexible working practices coupled with the extension of parental leave tights to fathers is are partly intended to reduce the differences between levels of pay and career progression for men and women. Yet a study published in the European Sociological Review suggests that men and women experience different outcomes when given control of their working hours and may even lead to the reinforcement of traditional gender roles. The study  by Yvonne Lott and Heejung Chung of the Hans-Böckler Foundation, Düsseldorf and the School of Social Policy, Sociology and Social Research at the University of Kent respectively found that while the adoption of flexible working meant all people worked longer hours on average, only men enjoyed higher incomes as a direct result.

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Direct causal link between wellbeing and corporate performance, claims study

Direct causal link between wellbeing and corporate performance, claims study 0

by • News, Wellbeing

A new report published by IZA World of Labor claims that a rise in workers’ happiness and wellbeing leads to an increase in productivity. The study from economist Dr Eugenio Proto, of the University of Warwick’s Department of Economics and Centre for Competitive Advantage in the Global Economy (CAGE) concludes that companies would profit from investment in their employees’ wellbeing. It cites the experience of large companies that have recently highlighted the importance of employee wellbeing in their company profiles. The authors claims that, until recently, evidence for a link between employee wellbeing and company performance has been sparse and that their own study shows a positive correlation between a rise in happiness and an increase in productivity. Proto believes  that finding causal links between employee wellbeing and company performance is important for firms to justify spending corporate resources to provide a happier work environment for their employees and that the available evidence suggests that companies can be encouraged to introduce policies to increase employee happiness.

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Gig economy represents a race to the bottom for many because of client behaviour

Gig economy represents a race to the bottom for many because of client behaviour 0

by • Flexible working, News

Gig economy

For many people, the gig economy represents a race to the bottom, with a large number of freelancers asked to work for free by entitled clients on the vague promise of future work, breeding anxiety and disillusionment. That is the key finding of a new study by Approve.io which found that half of freelancers and self-employed creatives had been asked by clients said that work had caused them anxiety this year with three quarters citing client behaviour as the primary cause. (more…)

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