Search Results for: labour market

Economic inactivity hits record high amongst men aged over 50

Economic inactivity hits record high amongst men aged over 50

Economic inactivity levels amongst men aged 50-64 in December 2021 to February 2022 were the highest since records began, according to new analysis from Rest Less. The firms analysed labour market data from the Office of National Statistics and found that economic inactivity levels amongst men aged 50-64 reached 1.47 million in the latest official figures – the highest they have ever been since records began in 1992. The economic inactivity rate amongst this demographic reached a nine-year high and is now at 23.1 percent. More →

Four-day working week can improve wellbeing and reduce social inequality

Four-day working week can improve wellbeing and reduce social inequality

four day working weekResearch from the University of Kent has shown how a national four-day working week can positively impact workers and their families’ wellbeing, improve social cohesion and reduce social inequality. In a paper published by the Journal of Social Policy, Professor Heejung Chung from Kent’s School of Social Policy, Sociology and Social Research discusses how a shorter working week can help tackle issues by giving workers the ‘right to time’, shifting a balance between work and non-work activities in daily life. More →

Location pay doubts are now rife amongst organisations

Location pay doubts are now rife amongst organisations

location payThe latest data from XpertHR suggests that 44 percent of UK organisations are ‘unsure’ about the future of their location pay arrangements following the coronavirus pandemic and the subsequent shift to hybrid working. Location pay is currently offered by more than half of UK organisations (55 percent). Its most common form is a London allowance on top of basic pay (offered by 40 percent of organisations),with inner London employees receiving a median location payment of £3,775 (£3,250 in outer London). More →

Skills crisis intensifies as demand for white collar jobs outstrips supply

Skills crisis intensifies as demand for white collar jobs outstrips supply

skills crisisDemand for people to fill permanent and contracted white-collar jobs while the UK continues to battle a skills crisis. That’s according to the latest Recruitment Trends Snapshot report from The Association of Professional Staffing Companies (APSCo). The data provided by Bullhorn, claims that demand for contractors was also up year-on-year, increasing 38 percent. Month-on-month figures also showed a spike in jobs, with permanent and contract vacancies increasing 104 percent and 78 percent between December and January, which can be attributed to a bounce back following a seasonal lull. More →

Record pay rises on the cards to address tough recruitment conditions

Record pay rises on the cards to address tough recruitment conditions

record pay risesEmployers anticipate offering record pay rises of 3 percent in 2022 as they look to combat increasing recruitment and retention difficulties. This is the headline finding from the CIPD’s latest quarterly Labour Market Outlook, which highlights the scale of the growing challenge facing organisations in finding and keeping staff, and how they are responding. This quarter’s pay award figure is the highest since the survey was conducted using its current methods in the winter 2012/13 report. The Labour Market Outlook surveyed more than 1,000 employers in January 2022 about their hiring, pay and redundancy intentions for the first quarter of the year. More →

Half of unemployed men aged 50+ out of work for at least a year

Half of unemployed men aged 50+ out of work for at least a year

unemployed menThere were nearly 200,000 men aged 50 and older out of work between September and November 2021 – an increase of 24 percent in two years – and 50 percent of them were unemployed for at least a year, according to new analysis from Rest Less, a digital community and advocate for older people. Rest Less analysed the latest labour market data from the Office of National Statistics to find that unemployed men aged 50+ are significantly more likely to be in long-term unemployment, defined as out of work for at least a year, than any other age group. More →

Critical industries at risk of collapse as people shun key worker jobs

Critical industries at risk of collapse as people shun key worker jobs

critical industriesSectors critical to putting food on the table and looking after the health of people are on a cliff edge as working age adults shun many of the essential jobs in critical industries that keep the UK running – from food production and logistics to health and social care. That’s according to new research from skills development organisation, City & Guilds. The research finds that despite key workers seeing the nation through the pandemic, the UK’s most vital industries are being threatened by growing skills shortages, as poor reputations and concerns about low pay turn off potential new recruits. More →

Hybrid working? Let’s put on a show

Hybrid working? Let’s put on a show

hybrid working performanceI’m currently rereading Art Kleiner’s masterful book The Age of Heretics which describes the history of ground-breaking thought in management in the 20th Century and the lessons we forget. It remains a relevant book for the new era of ‘hybrid working’ because the book draws a distinction between two fundamental schools of thought in management theory. One of these sees management as a numbers game in which people are inherently problematic and so must be directed what to do based on data and routines of desirable activity and behaviour. And the other sees people as well meaning, capable and adaptable with managers there to facilitate and channel their abilities and help them develop. More →

Half of companies still not ready to meet the demand for flexible working

Half of companies still not ready to meet the demand for flexible working

flexible workingCompanies are unprepared for the structural shift to flexible working and must do more to create responsible, personalised and experiential workplaces, a new report from JLL suggests. Intensive experimentation and piloting are needed to achieve flexible working models that will deliver a unique workplace experience for all. The JLL research claims that globally organisations are looking to continue flexibility for where and when people work with 82 percent expecting employees to work remotely into the future at least part of the time – spending on average two days every week away from the office. Yet 48  percent of organisations in Europe Middle East and Africa (EMEA) still have not developed a future of work programme to meet the rising demands and expectations of their staff for greater work flexibility, exceptional and sustainable workplaces and increased wellbeing. More →

Firms need to do more to engage, attract and retain staff

Firms need to do more to engage, attract and retain staff

Over 40 percent of employers are finding it more difficult to retain and recruit staff, according to Aon’s Benefits and Trends Survey 2022 (registration). The report claims that many employers have adjusted their benefits strategies to address an intense labour market, in which employee work motivations have shifted in the wake of the COVID-19 pandemic. Forty-one percent of employers said they have found it more difficult to retain staff in the last year, while 44 percent have found it more difficult to recruit new staff. Many employers anecdotally expressed in the survey that they need to pay higher salaries or sign-on bonuses to entice new recruits. More →

Risk of job losses has been falling for years, but at a price

Risk of job losses has been falling for years, but at a price

job lossesDecades of declining change in the UK labour market has reduced the risk of damaging job losses, but also limited opportunities for pay-enhancing job moves, according to new research published by the Resolution Foundation for The Economy 2030 Inquiry. More →

Pandemic-driven shifts have made the workforce smaller, younger and more female

Pandemic-driven shifts have made the workforce smaller, younger and more female

pandemicThe pandemic has not led to mass unemployment as many feared, but has instead driven wider shifts that have increased employment among younger women, but pushed many men and older workers out of the labour market altogether, according to new research. More →