Search Results for: labour market

March 18, 2019

Greatest motivator for employees is more recognition, whether monetary or not

The biggest motivator for staff at work is more recognition, whether monetary or not, according to a new survey on rewards at work by XpertHR. When asked which rewards are most important to employees, more than half (53 percent) said higher basic pay, followed by a wider range of benefits (37.1 percent), but being recognised for the work they do was also cited as an employee priority by 56.1 percent of respondents). The survey also claims that employers are facing a constant battle to get employees’ salaries at the right level. Almost all (97.7 percent) organisations questioned said they would be looking at salary levels in some way over the coming year – whether that be through the annual pay review, benchmarking salaries against the market or complying with the national minimum wage legislation.

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February 21, 2019

Why the gender pay gap is an enduring challenge for many organisations

by Heejung Chung • Comment, Workplace

In April of 2018, large companies with over 250 employees were obliged to report their gender pay gap for the first time. Headlines that week were dominated by some of the surprise and shock of the extent to which women were paid less in majority of the companies reported, while for many women it just confirmed our hidden beliefs. There was a slight optimism, however, that there can only be progress. However, many companies who are reporting their new pay gap for this year show that rather than progress, many have increased their gaps. Why is this the case?

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February 19, 2019

Productivity only a priority for a third of employers as skills shortages persist

by Sara Bean • News, Public Sector, Workplace

Despite its importance to the economy, productivity is only a priority for 36 percent of employers and only half (50 percent) use the term when discussing organisational performance according to the latest Labour Market Outlook from the CIPD and the Adecco Group. And LMO data suggests that employers are overconfident when it comes to assessing their own productivity, with just 7 percent believing their organisation’s productivity is below average. (more…)

February 18, 2019

Boost in adult learning essential when preparing for the future of work

by Neil Franklin • AI, News, Workplace

Many OECD countries need to urgently scale-up and upgrade their adult learning systems to help people adapt to the future world of work, according to a new OECD report. Getting Skills Right: Future-Ready Adult Learning Systems says that new technologies, globalisation and population ageing are changing the quantity and quality of jobs as well as the skills they require. Providing better skilling and re-skilling opportunities to workers affected by these changes is essential to make sure the future works for all.

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February 13, 2019

Stark levels of stress among small business owners as they struggle to stay solvent

by Sara Bean • News, Wellbeing

Chronic work-related stress has risen sharply among small business owners, with a fifth of small business owners look to taking a job elsewhere to stay afloat this year. This is according to new research from AXA, which reveals that many are adopting short-term planning and cutting reliance on external funding ahead of Brexit. Staying agile and light is a common strategy, but may not give businesses the best chance of survival if financial cushions are not in place too. The study finds a sharp increase in financial anxiety amongst business owners. Over the course of 2018, those reporting they felt chronically stressed about their businesses increased by almost 50 percent, reaching 29 percent by year end. (more…)

February 8, 2019

Half of HR departments plan to offer new employee benefits

by Neil Franklin • News, Wellbeing, Workplace

According to Gallagher’s Benefits Strategy & Benchmarking Survey (registration required), 45 percent of HR practitioners are planning changes to current employee benefit offerings amid a highly competitive labour market. The survey shows an increasing number of organisations are fully aware of the measurable impact that benefits have on engagement and productivity. Among HR practitioners planning changes, 72 percent are seeking to enhance benefits, thereby improving their employer brand and becoming more competitive in recruitment. The second-most popular planned change is improving flexibility in benefits, with 47 percent attempting to bolster flexible options to extend individual choice. (more…)

February 1, 2019

Employee experience of the workplace does not match employer rhetoric, claims report

by Mark Eltringham • News, Workplace

A new report (registration needed), based on a survey of UK employers and employees, claims to reveal a significant and increasing gap between employees’ experience of being employed and what employers believe this experience to be. Barnett Waddingham’s four research papers claims that while the majority of employers (61 percent) believe the levels of wellbeing in their organisation to be high, only 19 percent of the employees surveyed report high wellbeing. According to the authors, this suggests employers do not sufficiently know or understand the needs of their people.

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January 25, 2019

People who experience early redundancy have poor health in later life

by Mark Eltringham • News, Wellbeing

People who involuntarily lose their job early in their career have poorer health in later life, according to new findings from the University of Kent in the UK and the University of Bamberg in Germany. Researchers, including Dr Olena Nizalova from the Centre for Health Service Studies (CHSS) within the School of Social Policy, Sociology and Social Research (SSPSSR) at Kent, set out to establish what the long-term implications of enforced unemployment are on individuals over the course of their life, particularly in later life.

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January 7, 2019

Firms and their workers need to adapt more quickly to changing world of work

by Neil Franklin • Flexible working, News, Technology

Governments need to do more to help workers and firms adapt to the fast-changing world of work and drive inclusive growth, according to the new OECD Jobs Strategy. New evidence in the report claims that countries that promote job quantity, quality and inclusiveness – such as Denmark, Iceland, Norway and Sweden – perform better than those which focus predominantly on market flexibility. While flexibility and adaptability are essential to stimulate the creation of high-quality jobs in an ever more dynamic environment, the gains and costs need to be fairly shared between businesses and workers, according to the OECD.

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January 7, 2019

World Bank report calls for changing approach to working cultures

by Neil Franklin • News, Workplace

A new report from the World Bank has call for more investment in people to prepare them for the economies of the future. The 2019 World Development report (WDR) “The Changing Nature of Work” claims that digital technologies are driving the demand for advanced cognitive skills, socio-behavioral skills, and adaptability in labour markets. The digital economy also presents an opportunity to create more jobs.

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December 18, 2018

Government’s new workplace reforms: the world responds

by Neil Franklin • Flexible working, News, Workplace

The UK government has introduced what it claims to be the most significant package of workplace reforms for 20 years in response to last year’s Taylor Report on working practices. The Good Work Plan has introduced a range of measures which the Government claims will improve the rights of agency and part time workers and discourage employers from indulging in unwelcome practices. The reforms are intended to stop businesses opting out of equal pay arrangements for agency employees and improve the conditions for gig economy workers generally, for example by giving workers details of their rights from the first day in a job, such as eligibility for sick leave, pay levels, maternity and paternity leave.

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November 28, 2018

Government treading carefully with proposed plans for gig workers

by Neil Tonks • Comment, Flexible working, Legal news

Leaked government plans to protect the working rights of people operating in the gig economy will help to stop unscrupulous employers from exploiting low-paid workers by stamping out false self-employment. But it is questionable whether this goes far enough. (more…)