Search Results for: labour market

August 23, 2017

UK employers concerned for future of the post Brexit economy despite booming jobs market

Employer confidence in the UK economy has moved into negative territory, according to the latest JobsOutlook survey by the Recruitment & Employment Confederation (REC). The net balance fell from +6 per cent last month to -3 per cent in the latest report, as 31 per cent of employers now expect the economy to worsen and just 28 per cent expect it to improve. Employers are still looking to hire, with one in five (19 per cent) planning to increase permanent headcount in the next three months. Confidence in making hiring and investment decisions remains positive with a net balance of 10 per cent, but is at its lowest for the past year. In addition to signs of deteriorating employer confidence, consumers are also becoming more pessimistic. The GfK’s index of consumer confidence fell to -12, equalling last year’s post-referendum low.

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May 16, 2017

Pay levels are falling but job market remains robust, despite Brexit relocation plans ⁰

by Sara Bean • News, Public Sector, Workplace

The UK economy is about to be hit by a fall in basic pay awards and real wages warns the CIPD, which has found that employers’ median basic pay expectations in the 12 months to March 2018 have fallen to 1 percent compared to 1.5 percent three months ago, which is lower than at any time during the past three and a half years. The findings from the latest CIPD/The Adecco Group Labour Market Outlook survey are consistent with recent Labour Market Outlook reports, which have indicated a slowing in the rate of basic pay growth, and with official labour market data. The report also found that 12 percent of private sector firms say the UK’s decision to leave the European Union has led them to consider relocating some or all of their business operations abroad. Popular relocation destinations include the Republic of Ireland (18 percent), Germany (17 percent) and France (13 percent).

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August 15, 2016

Brexit leads to ‘softening’ of employment market, claims CIPD survey ⁰

by Neil Franklin • News, Public Sector, Workplace

The UK’s decision to leave the EU has resulted in a softening in hiring intentions and businesses should invest in skills immediately, according to the latest CIPD/Adecco Group UK & Ireland Labour Market Outlook. The report is based on employer sentiment in the two weeks before and after the EU Referendum and claims that employers surveyed ahead of the vote were somewhat more optimistic about hiring intentions than those surveyed afterwards. It suggests that the proportion of employers expecting to increase staffing levels over the next three months dropped from 40 percent pre-Brexit to 36 percent following the vote. The net employment balance, based on the difference between the share of employers expanding their workforce and those reducing it, dropped from +21 pre-Brexit to +17 post-Brexit. However, the fall was significantly sharper among private sector employers, with the post-Brexit employment balance declining to +25 from +39.

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December 17, 2015

Worldwide BIM market to reach US$11.54 billion by 2022, claims report ⁰

by Neil Franklin • Architecture, Facilities management, News, Property

According to a new market report published by Transparency Market Research Building Information Modelling (BIM) Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2015 – 2022, the global BIM market was worth US$2.76 bn in 2014 and is expected to reach US$11.54 bn by 2022, expanding at a CAGR of 19.1 percent from 2015 to 2022. North America was the largest market for BIM in 2014. Growth in this region is expected to be driven by increases in construction activities and the penetration of cloud-based services for BIM software. BIM is a tool used to visualize the design of buildings in 3D. BIM also helps in attaining estimates of various other factors, such as cost implementation, time requirement, labour requirement, raw material provision, and other key prerequisites in the construction industry. Management of the entire construction lifecycle can be simulated by BIM.

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January 12, 2015

Lack of flexible working options is distorting the job market for women

by Mark Eltringham • Flexible working, News, Workplace

UK employers and their female employees are missing out on a range of opportunities because of their failure to implement better flexible working arrangements, according to a report from The Institute for Public Policy Research (IPPR). The report examined flexible working across Europe and found that while significant progress had been made in the UK, nearly two thirds (64 percent) of working women are unable to vary their working hours and a quarter (25 percent) claim it is difficult to take one or two hours from their day at short notice. The report claims the pent up demand for such working arrangements restricts employment opportunities for women compared to men, means more women are working in jobs below their skill level and creates the conditions for extensive underemployment.

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October 16, 2013

Labour demand growing, but many employers prefer to increase hours not people

by Sara Bean • News, Workplace

There was a fall in unemployment of 18,000 to 2.49 million from March to May of this year according to the latest figures published today by the Office for National Statistics (ONS). Between June and August 2013 the unemployment rate dropped from 7.8 per cent to 7.7 per cent, with a slight rise in total pay of 0.7 per cent. Although the news was welcomed by employment experts, Nigel Meager, Director of the Institute for Employment Studies pointed out that while employment increased by 0.9 per cent in the last year, the number of hours worked in the economy grew faster; and CIPD Chief Economist Mark Beatson commented that there is no sign yet that increased demand for staff were leading to higher wages. (more…)

February 6, 2013

Video: A new kind of job market, or the commoditisation of work?

by Mark Eltringham • Comment, Workplace

At a TED talk delivered in London at the end of 2012, Wingham Rowan, project director of Slivers-of-Time, a ‘work marketplace’, says that websites such as his are thriving by bringing together what he terms ultra-flexible workers with employers to deliver short periods of work on specific tasks. The question is: whether this is a valuable tool in providing flexible work opportunities for appropriate people or the most advanced example we yet have of how labour is increasingly commoditised, casualised and disposable?

October 6, 2025

Not just cuckoo clocks. Why Switzerland is the world’s most innovative country

by Neil Franklin • Business, News, Technology

In Orson Welles’ famous scene-stealing cameo in The Third Man, his character Harry Lime comes out with that (in)famous speech about Swiss culture. “In Italy for thirty years under the Borgias, they had warfare, terror, murder, and bloodshed, but they produced Michelangelo, Leonardo da Vinci, and the Renaissance,” he says. “In Switzerland, they had brotherly love, they had five hundred years of democracy and peace, and what did that produce? The cuckoo clock.” This does the Swiss a disservice in a number of ways, not least that a major new report claims that Switzerland is maintaining a long tradition as the most innovative country in the world. (more…)

October 2, 2025

Yale study finds little evidence that AI is taking people’s jobs

by Marvin Gort • AI, News

A new analysis from the Budget Lab at Yale University has found little sign that artificial intelligence is having a measurable impact on the composition of the US workforce, despite widespread debate about its potential to transform the jobs market and reduce levels of employment. The study, led by Martha Gimbel, Molly Kinder, Joshua Kendall and Maddie Lee, examined monthly labour market data since the public release of ChatGPT in November 2022. (more…)

September 24, 2025

Young people aren’t lazy or disloyal. They just expect different leadership

by Claudia Chianese • Comment, Workplace

For decades, the idea of a “good job” was measured with a simple formula: a stable contract and competitive salary. That rule does not seem to hold in the same way for Generation Z, broadly understood as those born between 1995 and 2010. As they join the workforce in greater numbers, this new cohort is helping to redefine what work and leadership mean. Salary still matters, of course, particularly when it comes to gaining independence in a time of high living costs, but many young people no longer see pay as the decisive factor in choosing or staying in a job. Instead, they are attentive to whether companies are genuine in their values, whether their work carries purpose, and whether employers are aware of their social impact. (more…)

September 18, 2025

‘Side hustles’ are now a survival strategy for many UK workers

by Neil Franklin • News, Workplace

A growing number of UK workers are holding down more than one job because what was once a side hustle to pursue a passion or provide a little extra cash has become a financial lifeline for many people. According to Employment Hero’s 2025 Annual Jobs Report, 21 percent of UK employees now work multiple jobs. The trend is especially marked among Gen Z, of whom 42 percent say they juggle more than one role just to make ends meet. The report, based on insights gathered from more than 350,000 small businesses and two million employees across Australia, New Zealand and the UK, plus a YouGov survey of 3,635 UK workers, highlights a workforce under pressure from cost-of-living challenges and a cooling labour market. Among full-time employees, 17 percent now also hold additional roles. Nearly a third (29 percent) of all workers surveyed say they have taken on extra hours to cope with rising everyday expenses. (more…)

September 16, 2025

AI, automation anxiety and the future of work: lessons from Daniel Susskind

by Jo Sutherland • AI, Comment, Workplace

When I joined the audience at Gresham College for Professor Daniel Susskind’s inaugural lecture on automation anxiety, I expected the familiar line: AI is coming for our jobs. That’s not what I heard. Instead, Susskind, Professor of Business at Gresham, made a surprisingly nuanced argument, explaining that the real story was less about the number of jobs losses, and more about how the very nature of work is shifting. This piece reports on that event (available to watch below) and reflects on what his ideas mean for workplace leaders – and, from my vantage point as a communications professional working with organisations through workplace and digital transformation, how we talk to and engage our colleagues through the change. (more…)