Search Results for: labour market

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.

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December 10, 2015

Australia needs to do more to tackle the problems of mental health at work ⁰

by Mark Eltringham • Legal news, News, Workplace

One in five Australians suffer from a mental health disorder and employers need to do more to tackle the related issues. That is the central claim made in a new OECD report called Mental Health and Work: Australia. The study claims that mental health issues cost the Australian economy AUD 28.6 billion per year, equivalent to 2.2 percent of GDP. Adding indirect costs, such as productivity loss or sickness absence, nearly doubles that amount. The report is the ninth in a series of reports looking at how education, health, social and labour market policy challenges identified in a 2012 report called Sick on the Job? Myths and Realities about Mental Health and Work are being tackled in OECD countries. The report suggest that while Australia’s recent mental health reform is an important and helpful development, the country ‘needs to do more to help people with mild to moderate mental health issues at and into work’.

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December 4, 2015

Zero-hours contract employees happy as permanent, full-time staff ⁰

by Sara Bean • Flexible working, Legal news, News, Wellbeing, Workplace

People working on zero-hours contracts have less pressure and a better work-life balance than full time employees, a survey published by the CIPD claims. Zero-hours employees experience similar levels of job satisfaction and personal wellbeing to employees on permanent, full-time contracts and also report comparable satisfaction levels in their relationships with managers and colleagues. However, the report also shows that, while the majority of zero-hours employees choose to work part-time, they are more likely than part-time employees to say they would like to work additional hours. The research also updates the CIPD estimate of the number of employees on zero-hours contracts, which has increased from 1 million in 2013 to 1.3 million in 2015. The proportion of zero-hours contract employees who are either very satisfied or satisfied with their jobs is 65 percent, compared to 63 percent for all employees.

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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.

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November 10, 2015

Employers have dodged UK recruitment crisis threat, claims CIPD ⁰

by Sara Bean • News, Workplace

Salaries are not likely to increase much next year, and despite predictions of a recruitment shortage, vacancies are still relatively easy to fill, the latest Labour Market Outlook from the CIPD claims. The quarterly survey of more than 1,000 employers shows that across all sectors just fifteen percent of current job vacancies are proving difficult to fill. It also reveals that, outside a limited number of industries, UK employers continue to be able to recruit the workers they need without significantly hiking wages and that median basic pay rises of just 2 percent are predicted by employers in the 12 months to September 2016. The research suggests that in general, most businesses are seeing a steady flow of suitable candidates, despite unemployment falling to a seven-year low in October and despite a slight year on year increase (44 percent – 49 percent) in the number of employers reporting any hard to fill vacancies.

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November 3, 2015

Almost half of UK employees plan to change jobs within three years ⁰

by Sara Bean • Flexible working, News, Workplace

UK employees are among the least loyal in Europe, according to new research by ADP, with nearly half of UK workers (47 percent) planning to change jobs within three years, compared to a third (34 percent) in the rest of Europe. Just 17 percent want to spend the rest of their career in their present organisation, whilst 40 percent of German workers see this as an option. The job market is now becoming more competitive as employees are looking for opportunities outside their home country. However, attitudes towards foreign talent are generally positive with 69 percent of UK employees who don’t see foreign talent as a threat. Even though companies may benefit from a global talent pool, losing local workforce is causing a headache for some countries. Employees in Spain (49 percent), Italy (47 percent), and Poland (39 percent) are particularly concerned about a talent drain to other countries.

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September 7, 2015

Employment is increasingly dependent on an ability to get on with people ⁰

by Mark Eltringham • Knowledge, News, Technology, Workplace

It can be heartening to learn that there will still be a role for humans in the forthcoming world of robots, drones and driverless vehicles. Inevitably, it is those skills that are hard to automate that will define many of the human jobs of the near future and so one of the skills that will continue to attract paid employment will be the ability to get on with other people. This skill has already defined the labour market for the past 35 years and helped to narrow gender differences in the job market. These are the main conclusions of a new report published by David Deming of the US based National Bureau of Economic Research. According to his working paper “The Growing Importance of Social Skills in the Labor Market,” which is currently awaiting peer review, nearly all job growth since 1980 has been in occupations that depend to a large extent on well developed social skills.

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September 1, 2015

Government announces plans to improve national levels of fair pay ⁰

by Sara Bean • Legal news, News, Workplace

A package of measures designed to improve levels of fair pay have been announced by the Government today; including doubling the penalties for non-payment of the National Minimum Wage and the new National Living Wage; increasing the enforcement budget and setting up a new team in HMRC to take forward criminal prosecutions for those who deliberately do not comply. A new team of compliance officers in HMRC will investigate the most serious cases of employers not paying the National Minimum Wage and National Living Wage when it is introduced in April 2016. This team will have the power to use all available sanctions, including penalties, prosecutions and naming and shaming the most exploitative employers. Employers who fail to pay staff at least the minimum wage they are legally entitled to will have to pay double what they do now.

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August 4, 2015

Employers must support older workers with chronic ill health ⁰

by Sara Bean • Legal news, News, Wellbeing, Workplace

As a recent profile in the Guardian Magazine of workers in their 70s, 80s and 90s illustrated, people who work well into old age are still viewed as remarkable. Yet by 2020, a third of the UK’s workforce will be more than 50 years old. Following the scrapping of the Default Retirement Age, more than 1.4m people in the UK are working after state retirement age, of whom around 300,000 are aged over 70. Now the Health at Work Policy Unit of Lancaster University’s Work Foundation has issued a White Paper, ‘Living Long, Working Well: Supporting older workers with health conditions to remain active at work’, which warns that 42 per cent of over 50s have often manageable chronic illnesses that – if left unsupported by employers, could undermine their productivity, increase their absence from work or even force them out of work altogether.

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July 8, 2015

Productivity starts with people, advises CIPD ahead of today’s Budget

by Sara Bean • Flexible working, News, Workplace

Investing in people’s development and offering flexible working practices can help organisations boost productivity. This is according to research by the CIPD published ahead of today’s budget, which the Chancellor has said will put the emphasis on improving UK productivity. The report: Productivity: Getting the Best out of People, explores the factors that help to explain why some businesses have higher productivity than others and finds that there are clear links between productivity and how people are managed at work. The report finds that performance tends to be higher in businesses where there is a focus on higher quality products or services rather than only on low cost and where workplace culture is clearly aligned with the future direction of the business. Investment in workforce training and an intelligent approach to the implementation of ‘smart’ or agile working practices also has a positive impact.

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March 16, 2015

Multi generational workplace could boost economy by £25 billion

by Mark Eltringham • Flexible working, Legal news, News, Workplace

The Government has published a new report which describes the challenges faced by the UK’s over 50s in the workplace and sets out ways in which more of them can stay or move into work. The report is the culmination of eight months’ work by a team led by the Government’s ‘ageism tsar’ Ros Altmann and highlights why action is needed based primarily on the twin issues of demographic change and increasing life expectancy. The report, Retain, Retrain, Recruit, recommends action that would help older workers thrive and ensure individuals, industry and the economy can reap the financial and social benefits of a multi generational workplace. The report outlines how businesses could recruit more older workers, retrain existing staff and provide greater flexibility to retain them as well as setting out measures that should be taken to reflect the multi generational workforce in the media and policy making.

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March 9, 2015

Men and women have differing views on equal pay and opportunities

by Mark Eltringham • Legal news, News, Workplace

Men and women have differing views on the pay and career opportunities available to female employees in the workplace, according to a report published today by recruitment firm Hays. The report is based on a study of 6,000 employees which found that just under half (45 percent) of women think that equally qualified and capable male and female colleagues are not paid the same compared to around 20 percent of men. The survey also produced an almost identical result when respondents were asked whether the same career opportunities were available to both sexes, with 21 percent of men and 48 percent of women claiming that both genders enjoyed the same opportunities. Overall both sexes agree that quotas are not the best solution to any mismatch with just 9 percent agreeing that they would have a major impact.