Search Results for: income

December 11, 2015

Global salaries will rise to highest levels for three years in 2016 ⁰

by Sara Bean • Knowledge, News, Workplace

Workers around the world will see real wage increases of 2.5 percent, the highest in three years in 2016, as pay increases combined with historically low inflation leave employees better off. The forecast issued by Korn Ferry Hay Group found that workers across Europe are set to see an average salary increase of 2.8 percent in 2016 and, with inflation at 0.5 percent, will see real wages rise by 2.3 percent. While salary rises will stay at 2.5 percent in the UK (the same as the last two years), low inflation means that real wages are to increase by 2.3 percent in 2016 – above the Western European average. In Asia, salaries are forecast to increase by 6.4 percent – with real wages expected to rise by 4.2 percent – the highest globally. In the United States, with low inflation (0.3 percent), employees will experience real income growth of 2.7 percent.

December 8, 2015

Two thirds of UK staff will work or check emails over Christmas ⁰

by Sara Bean • Facilities management, Flexible working, News, Workplace

A common complaint over the Christmas period is that the vast majority of the population is off from Christmas Eve to after New Year’s Day. In fact a new survey shows that almost two thirds (66 percent) of people in the UK will be working during the festive period, almost 1 in 3 (31 percent) will be working on Christmas Day and 63 percent will check their emails over the period. Although 40 percent of those polled in the survey, which was carried out by retailer Cotton traders, do not have a choice about working over Christmas; of those that do, 46 percent are doing so to earn extra income to fund their Christmas and in the spirit of the season, 39 percent swapped shifts to allow colleagues with a young family to have the day off. Meanwhile, with a clear indication that the Christmas season has begun, advice has been issued by the TUC to staff and employers on how to avoid an embarrassing Christmas party.

November 18, 2015

Women earn less than men because they make different choices, report confirms ⁰

by Mark Eltringham • Comment, News, Workplace

In spite of its own attempts to link it to the gender pay gap a new report, Opportunities and outcomes in education and work: Gender effects, released yesterday by the UK Commission for Employment and Skills (UKCES), merely confirms that the key factors that determine how much people earn are the jobs they do and the hours they work. The report shows that male workers are paid on average 19 percent more than female workers. However, a report this year from the ONS confirmed that women now earn slightly more than men in like for like jobs up to the age of 35 and the UKCES report shows that it is career and personal choices that explain the gap in incomes across the whole economy. This confirms that the keys to closing the overall pay gap are for women to enter higher paying fields such as STEM and construction as well as employers offering flexible working arrangements and greater support for parents in their careers.

November 18, 2015

One in three high-earning and influential part time workers are men ⁰

by Sara Bean • Flexible working, News, Workplace

Three in four workers in Britain do not believe it is possible to have a successful part time career, yet new statistics by flexibility experts Timewise shows that there are now an estimated 680,000 workers who are working formally part time in the higher income bracket (earning a minimum of £40,000 full time equivalent). And of these, 230,000 are men and 450,000 are women. The figures were unveiled as part of the publication of the fourth Power Part Time List – in association with Management Today, which lists the UK’s top 50 men and women who work in senior, business-critical roles, all on less than full time hours. This includes a record number of men – 11 out of 50, including the highest number of male nominees since the list’s launch in 2012; including part-timers from businesses such as – Dixons Carphone plc, leading advertising agency AMV BBDO, famed architecture practice EPR Architects, the Bank of England and EY.

November 16, 2015

People and businesses remain unprepared for next wave of technology ⁰

by Mark Eltringham • News, Technology, Workplace

The attitudes of businesses, public sector employers and people to the next wave of technological change remains a tangled and sometimes conflicting mishmash of fear, uncertainty and indifference according to three new reports. According to a new study published by Vodafone and YouGov, while businesses are aware of their need to keep pace with technological developments, around half doubt they will be able to keep up over the next five years. Meanwhile, a study from marketing technology firm Rocket Fuel claims that British people are broadly aware what is meant by artificial intelligence and many feel it will have a positive impact on their lives, especially millennials. However, another study from jobsite Indeed claims that a fifth of young people are unaware of the idea of automation and its potential impact on the jobs market and around half don’t even consider it when making their career choices.

October 28, 2015

UK firms turn to flexible working and wellbeing to bridge productivity gap ⁰

by Mark Eltringham • Flexible working, News, Wellbeing, Workplace

It’s not just larger organisations and governments that are having to grapple with the UK’s persistent ‘productivity puzzle’ but also smaller businesses who are increasingly turning to flexible working and other people centric initiatives to address the problem. That is one of the main findings of a new report from trade association Group Risk Development (GRiD). According to their survey, nearly a quarter of employers (23 percent) believe productivity is an issue facing their business. According to the office for National Statistics (ONS) this is a common problem across the entire UK economy as output per hour is stubbornly around 20 percent below the average for all G7 economies. This is the widest gap ever recorded and, according to GRiD is driving employers to seek ways of addressing their own shortfall with flexible working and wellbeing initiatives as well as investment in new equipment and technology.

September 17, 2015

Growth of on demand economy is transforming work and workplaces ⁰

by Mark Eltringham • Comment, Flexible working, News, Technology, Workplace design

Some of the key characteristics of the workplace of the near future are starting to crystallise pretty rapidly. In many ways, employees are aware of this to a greater extent than employers, legislators and politicians. For example, this week and over recent weeks Uber has been arguing in courts around the world that its drivers are not employees but are in fact self-employed. This is the shape of things to come. In the UK, around a fifth of the workforce is already freelance or self-employed, something which politicians like to misinterpret as small business, possibly because it makes them look better because they associate it with entrepreneurialism and the prospects of these firms employing other people. The idea this is simply not the case is supported by a new report from software provider Intuit which claims that just 13 percent of British workers think they will be in traditional employment in 2025.

September 16, 2015

UK pay rates predicted to overtake rest of Western Europe ⁰

by Sara Bean • News, Workplace

Latest figures from the ONS show that after several years of pay rises at or below the level of inflation, the UK has seen average pay rates grow at the fastest rate since 2009. Unemployment rates are unchanged at 5.5 percent compared with February to April 2015 but lower than for a year earlier (6.2 percent). Comparing May to July 2015 to a year earlier, both total pay (including bonuses) and regular pay (excluding bonuses) for employees in Great Britain increased by 2.9 percent. According to the latest Salary Budget Planning Study from Towers Watson’s, this upward trend will continue, with British workers set to enjoy a boom in real-terms pay increases in 2015. The study, primarily covering private sector companies, shows that average UK pay rises of 3 percent, coupled with record low annual inflation of 0.2 percent, will outstrip those enjoyed by workers in all other major European economies.

August 24, 2015

Flexible working now an almost universal employee benefit, claims study ⁰

by Mark Eltringham • Flexible working, News, Workplace

A new report from employee benefits provider Unum claims to set out the future trends and challenges affecting the benefits packages firms should offer staff. One of the headline claims from the report is that four out of five employers (79 percent) already offer flexible working. ‘The Future of Employee Benefits’ report surveyed 13 organisations and incorporated the results with those of a series of interviews and roundtable discussions with employers and specialists including representatives from the Chartered Institute of Personnel and Development. The report identifies a series of macro trends affecting workplace wellbeing and the recruitment and retention of employees over the next 15 years, which were categorised into four distinct working environments: The Ageless Workplace; The Mindful Workplace; The Intuitive Workplace; and The Collaborative Workplace.

August 18, 2015

Car sharing and longer commutes are the keys to workforce mobility ⁰

by Mark Eltringham • Cities, Flexible working, News

The Government should introduce new policies to incentivise people to car share and travel further afield to find work. Those are two of the key finding of a new report, On The Move, from the think tank Policy Exchange which sets out ways to improve the mobility of the British workforce. Making it easier for people to commute twenty minutes further afield would put them in touch with at least one additional major urban area and potentially 10,000 more job opportunities, according to the report. Additionally, it suggests that drivers who offer fellow commuters a lift should be given a tax break. The authors claim that in a third of local authorities that make up the eight city regions no major employment sites (defined as having 5,000 or more jobs) are within a twenty minute commute by public transport and 80 percent of these Local Authorities have an unemployment rate above the national average.

July 29, 2015

City firms adopt more flexible working, but it starts from the top

by Mark Eltringham • Cities, Flexible working, News

Employers in the City of London are increasingly open to the idea of flexible working, claims a study of 1,000 workers by recruitment firm Astbury Marsden. According to the study, a third of men working in the City (34 percent) say they now have some flexibility over the hours they work, whether through flexi-time, working a certain number of hours annually or compressed hours. This is up from 28 percent last year. Meanwhile a smaller proportion of female City workers (30 percent) claim they now have the option of flexible working, up from 23 percent in 2014. The research indicates that although women in the City are more likely than men to work part-time or term-time hours or job-share, with over a quarter being able to do so (26 percent), almost one in five men (18 percent) say they also have this option available to them.

July 15, 2015

The standard gender pay gap narrative is a myth, but that doesn’t mean there aren’t problems

by Mark Eltringham • Comment, Flexible working, Knowledge, Workplace

It is one of the great ironies of modern life that in a world drowning in data, a great deal of public discourse is driven by narratives that have little or no factual basis. If anything, the substitution of baseless and questionable stories. Sometimes these narratives are based on outdated realities. Sometimes on assumptions. Sometimes they are deliberately created and upheld by those with vested interests. Sometimes people lie, including to themselves. However they are formed, they can become pretty hard to dislodge, especially when they become so enshrined that the default response to inconvenient truths is a wall of cognitive dissonance and denial. I’m obviously building up to something here and it won’t necessarily be an easy thing to say or hear. And it’s this. The gender pay gap doesn’t exist. Or at least, it doesn’t exist in the way we normally assume so distracts from related issues that we may be able to address.