September 6, 2018
Gig economy growing but employers should continue to cultivate in-house talent
The number of “gig economy” professionals working in organisations is growing and this trend is expected to continue, a survey by Korn Ferry has claimed. More than half (60 percent) of HR professionals say that compared to three years ago, gig workers now make up a larger percentage of their professional workforce, and 42 percent say they plan on hiring more contingent workers in the future. The reasons, according to the survey, include cost savings, access to high-calibre talent and ease of managing gig economy professionals. Despite the fact that many gig professionals work remotely, 67 percent of the HR professionals surveyed say they are confident they know what the gig professionals are doing on a day-to-day basis, and 42 percent say these contingent employees are easier to manage than full-time employees. However, according to Jeanne MacDonald, president of Global Talent Solutions for Korn Ferry’s RPO and Professional Search Business, organisations should proceed cautiously and ensure they continue to cultivate in-house talent.
Employers in the UK need to improve working conditions, as the UK’s workforce pride is trailing behind other European countries, a new report claims. The survey from Cornerstone OnDemand and IDC found just a 48 percent approval rating by UK workers, with just 52 percent of respondents “completely agreeing” that they are proud to work for their organisation – a steep drop compared to countries such as Italy (59 percent) and Norway (66 percent). While UK work satisfaction is falling behind the rest of Europe, it is however ranking higher for employer recommendations. Almost half (47 percent) of Brits “completely agree” that they would recommend their current employer to others, versus 43 percent in Sweden and 41 percent of respondents in the Benelux regions. When it comes to employer attractiveness, only 47 percent of UK respondents “completely agree” that their organisation is an attractive place to work, in comparison to 51 percent of Spanish respondents and 56 percent of Finnish respondents. So while the UK is ahead in some criteria, the findings suggest there’s work to be done if British employers want an improved result.
Young people leaving education and looking for work may be missing out on potential employment opportunities by failing to consider Small and Medium Enterprises (SMEs) and the advantages they offer, new research from Santander UK claims. ‘Gen Z’ and Millennials do not believe SMEs offer the same job security or salary as large businesses, meaning just a third (35 percent) of young people leaving education in 2018 want to work for smaller employer, and an even smaller proportion, just one in six (18 percent), want to work for a start-up or micro business. The most popular career aspirations for Generation Z and Millennials are to work for a large firm (51 percent), the public sector (51 percent) or a global multinational (49 percent), because of a perceived lack of job security (56 percent). There is also the belief that SMEs offer a lower salary (46 percent) and fewer opportunities for progression than large companies (33 percent). Yet the majority (70 percent) of SMEs are actively recruiting for entry level roles, whether that be graduates (43 percent), further education leavers (36 percent) or school leavers (35 percent).
