Search Results for: labour market

Business leaders agree that organisations must be digitised to compete

Business leaders agree that organisations must be digitised to compete

by • AI, Facilities management, News, Technology, Workplace

Over two thirds (67 percent) of business leaders agree their company must become significantly digitalised by 2020 to remain competitive, and they are looking for HR leaders to lead the transformation. This is according to Gartner, Inc whose latest research suggests that CEOs are sharing their focus on digitalisation with their investors; with mentions of “digital” on earnings calls increasing by 20 percent year-over-year since 2010. CEOs are seeking ways to keep costs down while achieving gains in efficiency and productivity, and the HR function is expected to lead digital transformation efforts across their organisations. (more…)

Learning to learn will be key skill in new world of work

Learning to learn will be key skill in new world of work

by • News

A joint report by the Secretariat of the All Party Parliamentary Group on AI, Big Innovation Centre, and professional services firm KPMG has been published, identifying the key skills individuals and organisations will need if they are to survive and thrive in the unfolding future. The report finds that jobs in the labour market of the future will look very different from today and the transformation is likely to be dramatic. It also calls for companies and governments to equip citizens and employees for that future, to help them learn the new skills needed to be relevant in a world of constant transformation.

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Nearly half of UK workers do not have skills that match their job, says CIPD

Nearly half of UK workers do not have skills that match their job, says CIPD

by • News, Workplace

Nearly half of UK workers do not have the skills to match their job says CIPDAlmost half (49 percent) of UK workers are in jobs they are either under- or over-skilled for, according to new research from the CIPD. Its report ‘Over-skilled and underused: Investigating the untapped potential of UK skills’ surveyed 3,700 UK employees and found that more than a third (37 percent) of workers have the skills to cope with more demanding duties than they currently have. At the opposite end of the scale, one in ten (12 percent) employees said they lacked all the skills needed to carry out their job effectively. This means that as many as half (49 percent) of UK workers could be in the wrong job, based on their skill level. The UK has one of most skilled workforces in the world, with 42 percent of workers qualified to degree level, yet it also has the highest proportion of jobs within the OECD which require no qualifications at all.

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Britain should make it easy for high skilled immigrants in the wake of Brexit vote

Britain should make it easy for high skilled immigrants in the wake of Brexit vote

by • News

The UK Government should restrict levels of  immigration by low-skilled workers after Brexit, but at the same time make it considerably easier for for medium-skilled and high-skilled workers from around the world, according to a new report from the Migration Advisory Committee. The detailed report was commissioned in July 2017 by Home Secretary Amber Rudd. Its main conclusion is that there is a great deal of hard evidence of the benefit enjoyed by the UK as a result of the migration of highly-skilled migrants and that future policy should reflect this. The study published today, Tuesday, is expected to have a significant effect on the contents of the government’s immigration white paper, due for publication later this year. The report’s conclusions closely match the policy proposals that Home Office officials have outlined to immigration specialists. However, no special preference would be given to EU citizens in the UK’s future immigration system post-Brexit.

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Half of all workplace tasks will be performed by machines within seven years

Half of all workplace tasks will be performed by machines within seven years

by • News, Technology

The world is going through a workplace revolution that will bring a seismic shift in the way humans work alongside machines and algorithms, according to new research by the World Economic Forum. By 2025 more than half of all current workplace tasks will be performed by machines as opposed to 29 percent today. Such a transformation will have a profound effect on the global labour force, however in terms of overall numbers of new jobs the outlook is positive, with 133 million new jobs expected to be created by 2022 compared to 75 million that will be displaced. The research, published in The Future of Jobs 2018, is an attempt to understand the potential of new technologies to disrupt and create jobs. It is also seeks to provide guidance on how to improve the quality and productivity of the current work being done by humans and how to prepare people for emerging roles.

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More flexibility needed to attract non EU migrants, as UK faces skills shortage

More flexibility needed to attract non EU migrants, as UK faces skills shortage

by • News, Workplace

The CIPD is calling on the government to ease restriction on immigrants from non EU countries, in the wake of the publication of new official figures which show how the number of EU citizens moving to the UK has decreased over the last year. Earlier this month, the CBI issued a similar plea as fears mount over the impact of Brexit on the UK’s skills base.

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Workers are focused on shorter hours and more flexible working

Workers are focused on shorter hours and more flexible working

by • Flexible working, News

New research released today by McDonald’s UK, reveals more than half of UK adults want to move away from traditional working patterns, choosing jobs that enable them to enjoy more flexible working and prioritise commitments outside of work. This study was conducted in July and August, with YouGov as well as with McDonald’s employees. Its key finding is that Jobs that offer earlier starts and a shorter working week most appealing to job seekers; with only 6 percent of people working the traditional ‘9-5’

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European Parliament backs new rules for flexible working for parents

European Parliament backs new rules for flexible working for parents

by • Flexible working, News

Flexible workingThe European Parliament has approved new rules for paternity leave, non-transferable parental leave and measures for flexible working in a bid to improve the current work/life balance of parents and carers across EU member states. These rules are also hoped to address the under-representation of women in parts of the labour market, increase incentives for fathers to take up family-related leave and to foster gender equality and equal opportunities. MEPs claims this will benefit children and a family life, whilst reflecting societal changes more accurately and promoting gender equality.

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Training and flexible working are the keys to staff retention

Training and flexible working are the keys to staff retention

by • Flexible working, News, Workplace

Firms are more likely to improve levels of staff retention if they increase their investment in training, and introduce more flexible working practices, according to a survey by the British Chambers of Commerce (BCC) and recruitment company Indeed. The survey, of over 1,000 businesspeople across all sizes or organisation and sectors, shows that just under half (42 percent) of businesses would invest in training and developing their staff in order to increase staff retention, while 38 percent would look to introduce flexible working practices, from flexible hours and remote working to job-sharing.

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Improving employment of older people could boost UK GDP by £180bn 

Improving employment of older people could boost UK GDP by £180bn 

by • News, Wellbeing, Workplace

GDP could be boosted by around £180 billion a year if the UK could match New Zealand’s employment rates for the over-55s. While employment of older workers has improved in the UK in recent years, it still ranks only 21st out of 35 OECD countries according to new analysis from PwC. The consultancy’s Golden Age Index is a weighted average of indicators – including employment, earnings and training – that reflect the labour market impact of workers aged over 55. Iceland tops the rankings followed by New Zealand and Israel. For the OECD as a whole, there is a potential $3.5 trillion economic prize from matching New Zealand’s employment rates for the over-55s.

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Employers and government need to work together to address looming Brexit skills gap

Employers and government need to work together to address looming Brexit skills gap

by • News, Workplace

As the UK continues to navigate a period of uncertainty ahead of its exit from the European Union, new research published by the City & Guilds Group and Emsi claims that nine in 10 employers already struggle to recruit the skilled staff they need. With most industries expected to grow between now and 2024, a significant number of skilled workers will be needed to meet demand. However, People Power, a study based on City & Guilds Group interviewing over 1,000 C-Suite employers in the UK and work with Emsi to undertake extensive economic modelling, has found that two thirds of UK employers think that the skills gaps in their businesses are likely to get worse or remain the same in the next three to five years.

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Fewer than half of Australians now work in a traditional job

Fewer than half of Australians now work in a traditional job

by • Flexible working, News, Workplace

Fewer than half of employed Australians now hold a standard, traditional job, according to a new report into the growth of insecure employment published by the Centre for Future Work. The report, The Dimensions of Insecure Work: A Factbook, reviews eleven statistical indicators of the growth in employment insecurity over the last five years: including part-time work, short hours, underemployment, casual jobs, marginal self-employment, and jobs paid minimum wages under modern awards. It defines a standard job as permanent full-time paid work with leave entitlements. According to the authors, all the indicators of job stability have declined since 2012, thanks to a combination of weak labour market conditions, aggressive profit strategies by employers, and passivity by labour regulators.

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