June 11, 2019
This summer, over half (55 percent) of US employers will offer employees the option to leave work early on Fridays or take the entire day off. The new survey by Gartner claims that so-called flexible Fridays are an example of the sort of perks organisations are offering to gain competitive advantage in attracting and retaining top talent in a labour market which features record low unemployment levels.
June 5, 2019
A new report from job site Indeed explores what work means to people in the UK today. The Meaning of Work report analyses trends from the last five years, generated by more than 40 million monthly visitors to the firm’s website alongside the results of a YouGov survey of over 2,000 full-time employees. The report’s headline finding is that around three-quarters of people (74 per cent) already believe they could do their full time job to the same standard over the course of a four day week. More →
May 28, 2019
Record numbers of over-70s are choosing work over retirement, according to new analysis from Rest Less, a membership community site in the UK to offer work and volunteering opportunities specifically targeted at the over 50s. Using bespoke data provided to Rest Less by the Office for National Statistics, Rest Less’s analysis claims that the number of over-70s in full or part-time employment has been steadily rising year on year over the past 10 years, reaching a peak of 497,946 in the first quarter of this year – an increase of 286,000 or 135 per cent since 2009. Today, nearly 1 in 12 (8.1 percent) of those in their 70s are working, a significant increase from the 1 in 22 (4.5 percent) there were 10 years ago.
May 17, 2019
There are 374,000 more employees working from home than 10 years ago, new TUC analysis published today to mark Work Wise UK’s National Work from Home Day implies. The analysis suggests a 27.7 percent increase in the number of homeworkers in the last decade. But not enough bosses are giving their workers the option of homeworking, which could help people to see more of their family and improve work-life balance. More →
May 15, 2019
The number of non-EU born workers in employment has increased over the past 12 months due to a tightening labour market, according to statistics published this week by the Office for National Statistics (ONS). Figures show that just over a third of the 364, 000 net annual increase in the number of people in work over the past year has gone to people from outside the European Union, although the number of EU-born citizens in work has also risen. The number of non-EU born citizens in employment has increased by 123, 000 during the past year, while there has been a notable quarterly increase of more than 117,000 EU-born citizens.
May 13, 2019
Employers are having to be more flexible to fill vacancies as buoyant demand for staff is creating recruitment challenges. Two in five (41 percent) employers say it has become more difficult to fill vacancies in the past year, while three in five (61 percent) employers said that at least some of their vacancies were proving hard to fill. However, according to the latest Labour Market Outlook from the CIPD and the Adecco Group despite the tightening labour market, this confidence has yet to translate into significant salary increases for all but new starters and those with key skills.
As recruitment and retention challenges grow, employers are changing their recruitment practices and drawing on a wider talent pool to fill vacancies, while putting more focus on training up existing staff.
Gerwyn Davies, senior labour market adviser for the CIPD said: “The majority of UK workers are long overdue a meaningful pay rise. However, many workers will remain disappointed with their pay packets until there are significant and sustained improvements to productivity. Organisations need to give much greater consideration to the obstacles that are preventing their people from performing better at work.
“A greater focus on training, development and better people management is needed to lift the UK out of its current productivity crisis. One upside is that many employers are already investing in developing their existing workforce to plug skills gaps. Strengthening workplace training and recruiting in a more inclusive, flexible way will ultimately deliver higher performing and fairer workplaces.”
[perfectpullquote align=”right” bordertop=”false” cite=”” link=”” color=”” class=”” size=””]“A greater focus on training, development and better people management is needed to lift the UK out of its current productivity crisis.” [/perfectpullquote]
Recruitment outlook – jobs growth set to continue
Britain’s jobs boom is set to continue in the short term. The report’s net employment balance – a measure of the difference between the proportion of employers who expect to increase staff levels and those who expect to decrease staff levels – has increased from +20 to +22. Employment growth will continue to be driven by the private sector which has increased from +22 to +25 in the last quarter. The report shows that confidence is highest in business services (+39), construction (+36), healthcare (+31) and ICT (31 percent).
Skills shortages – employers are having to be more flexible to find candidates
Skills shortages are particularly being seen in professional occupations (e.g. scientists, engineers) where 50 percent of employers report that applicants don’t have the required level of skills needed. In response to skills challenges employers are having to rethink their recruitment practices and draw from a wider talent pool. The Labour Market Outlook found that:
In line with recent ONS data*, the report also found that employers were making greater efforts to hire those aged over 55 (8 percent) and those from disadvantaged groups (6 percent).
Despite rising recruitment and retention pressures, median basic pay expectations in the 12 months to March 2020 remain at 2 percent. However, pay expectations have fallen back in the private sector from 2.5 percent to 2 percent and have risen in the public sector from 1 percent to 1.5 percent.
In addition to hiring challenges, a third of employers (33 percent) said that it has become harder to retain staff in the last 12 months, particularly in the public sector (42 percent). In response, over half (54 percent) of organisations have increased salaries in some capacity and one in four organisations (25 percent) have increased salaries for key staff only.
May 10, 2019
A 334,000 (63 percent) rise in highly-skilled female freelancers has driven the UK’s freelance revolution over the last 10 years according to new research from IPSE, the Association of Independent Professionals and the Self-Employed. The increase takes the number of senior-level women freelancing in the UK to 863,000. The professions that saw the largest rises since 2008 were health, the arts and media, and functional directors within companies. Alongside the increase in senior-level women, the number of mothers freelancing increased by 80 per cent. More →
May 9, 2019
More than two-fifths (45 percent) of workers believe their line manager don’t help morale at work and one in three (32 percent) feel uncomfortable approaching management about work problems, according to a poll published today. The TUC report, Improving Line Management claims that while the majority of UK workers feel supported by their bosses, more than a third (35 percent) don’t think that their line manager treats them and their colleagues fairly. The TUC says the findings expose the patchiness of management training in the UK, as despite being crucial to workers’ well-being and productivity, less than half of UK managers got any training in the last year, according to most recent government statistics.
April 29, 2019
Governments need to overhaul their approach to employment and jobs to reduce further social and economic tensions, according to a new report from the OECD which explores the future of work. Without rapid action, many people, particularly the low skilled, will be left behind in the fast-changing world of work. The OECD Employment Outlook 2019 is part of the OECD’s Future of Work initiative and the “I am the Future of Work” campaign, which aims to make the future of work better for all, helping to transform learning and social protection systems and reduce inequalities between people and across regions.
April 17, 2019
Is the management of people in organisations today really about growing the long-term value of an employers’ most important asset in an increasing uncertain and skills-short labour market? Or is it more to do with continuing to drive costs down and shareholder returns up; and meeting the bare minimum standards required by legislation? The Institute for Employment’s (IES) latest research, carried out in partnership with the Chartered Institute of Personnel and Development (CIPD), looks at the reality of people management and comes up with some generally positive findings and conclusions. More →
April 15, 2019
Black and minority ethnic workers are far more likely to be trapped in temporary and insecure work, according to a new TUC analysis published to mark the start of its annual Black Workers Conference. The analysis claims to show how BME workers are faring worse than white workers in the jobs market. More →
April 5, 2019
We start with a question. Why hasn’t the gig economy killed traditional work?, asks Greg Rosalsky and goes on to explain what many people have now realised. The answer, as Greg points out, is that the gig economy doesn’t replace traditional work, never has, and the rise of casual work of this kind has primarily been a way for people to deal with a volatile labour market and shrinking real incomes. Offer them the choice of a decent monthly income, benefits and a contract and most of them will take you up on it.
