Search Results for: pay ratio

The workplace world responds to the UK Autumn Budget

The workplace world responds to the UK Autumn Budget

Yesterday, the Chancellor Philip Hammond announced the details of the UK government’s latest budget. While Brexit and austerity inevitably cast their shadows over the whole thing, there were a number of announcements relevant to the workplace, construction, tech and built environment sectors, some of which have been broadly welcomed by commentators, industry bodies and experts. Some are decidedly less popular. Among the announcements in the budget were new plans for infrastructure and property, skills and training, tax regimes for the self-employed, productivity, business rates and mental health.

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Lack of motivation at work impacts both performance and mental health

Lack of motivation at work impacts both performance and mental health

Lack of motivation at work impacts both performance and mental healthOver seven in ten UK employees want their employers to do more to motivate them claims a new study from Reward Gateway which suggests  that some of the alarming effects that being unmotivated has on employees included a worsening in mood (60 percent); reduction in productivity levels (48 percent); declining mental health (46 percent) and a reduction in quality of work (40 percent).  Over a quarter (26 percent) say their relationships with family and friends suffer and 2 in 10 admit to drinking more alcohol when lacking motivation.

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Manchester is being chosen over London as location for tech start-ups

Manchester is being chosen over London as location for tech start-ups

Manchester is being chosen over London as location for tech start-upsThe new northern home of the BBC is giving London a run for its money when it comes to siting offices for the UK’s top tech talent, with Manchester leading the way, according to CWJobs. The recruitment firm found that those who consider London to have the best talent, the most likely (75 percent) reason for this being the concentration of tech companies. Of those employers who believe Manchester has the UK’s best tech talent (9 percent), 56 percent believe this is due to better tech-focused educational institutions (vs 43 percent who thought London’s were better). (more…)

Staff would sacrifice workplace benefits for more flexibility

Staff would sacrifice workplace benefits for more flexibility

Staff would sacrifice workplace benefits for more pay and flexibilityWork/life balance, and the ability to take more annual leave, is the top priority for most European workers and 52 percent explicitly see this as an incentive for choosing certain benefits claims research from SD Worx. Employees in France (63 percent) prioritise this the most across the Europe, next is the UK, whilst workers in Austria (36 percent) and the Netherlands (32 percent) are least likely to opt for additional annual leave. Flexible working also plays a significant role in the benefits employees would choose, with home working allowances being a key factor for 21 percent of respondents and 21 percent wanting a laptop or smartphone included in their benefits package. (more…)

How landlords can maintain their mojo and retain tenants

How landlords can maintain their mojo and retain tenants

Flexibility is rocking the foundations of the traditional commercial real estate world. It’s entering our workforces, our offices and the shock waves are extending to the relationship between landlord and tenant. This demand for increased flexibility from the world’s workforces is due to a convergence of social and economic factors.  JLL’s Top 10 Global Corporate Real Estate (CRE) Trends report predicts the emergence of a more dynamic workforce, demand for work environments that support creativity, cross-collaboration and innovation, and an increasing focus on employee wellbeing and performance will dominate global CRE strategies throughout 2018. This has major implications for both occupiers and landlords.

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The self-employed live day to day but remain worried about plans for the future, claims study

The self-employed live day to day but remain worried about plans for the future, claims study

Self-employed workers are mostly financially secure and happy in the present, but concerned about the future, a new report by IPSE (the Association of Independent Professionals and the Self-Employed) and Sherpa has found. The report, ‘The Path to Prosperity, claims that although almost three quarters (72 percent) of freelancers are currently enjoying life because of how they are managing their money, 77 per cent are concerned the money they have – or are going to save – will not last. It also found that over half (51 percent) of the self-employed have felt anxious or stressed about their financial situation. This is exacerbated by the lack of tailored money management advice and flexible savings products available for the self-employed.

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Leaders need to rethink work to get the most out of AI and automation

Leaders need to rethink work to get the most out of AI and automation

Leaders need new tools to increase automation in their organisations, says Ravin Jesuthasan, Managing Director at Willis Towers Watson, in a new book. Reinventing Jobs: a 4-step approach for applying automation to work, co-authored with John Boudreau, presents a four-step framework to give leaders a systematic process for applying new automation to work, supported by dozens of case studies from around the world.

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Employers struggling to attract skills needed for digitalised workplace

Employers struggling to attract skills needed for digitalised workplace

Employers struggling to attract skills needed for digitalised workplaceMore than half of CEOs (53 percent) admit they can’t find candidates with the necessary skills to help them navigate an increasingly digitalised business landscape a new survey from Robert Half has claimed. These include data analysis and digital skills, as well as softer skills such as resilience, adaptability to change and critical thinking. This means that nearly five million UK SMEs, the equivalent to four out of every five (82 percent) small and medium-sized companies, are struggling to attract the skills they need. As a result, many are being forced to offer salary packages higher than originally expected to recruit the right talent. (more…)

Developing a resilient mindset to cope with stress

Developing a resilient mindset to cope with stress

Earlier this year, The New York times reported on a company in New Zealand that reduced its employee’s work time to four days a week whilst paying them for five. The idea came to the CEO after he read research that showed that employees generally only spend three hours a day on actual productive work. The change was highly successful, employees were as productive over the four days as they were over the five but the wellbeing of employees improved dramatically.

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A new deal for dads at work is essential in the quest for gender balance

A new deal for dads at work is essential in the quest for gender balance

New research published by consulting firm Talking Talent claims to identify how it is essential for employers to improve support for working fathers in order to achieve equality for working mothers. Organisations need to go further than setting policy to achieve this – they need working practices that make it easier for employees to share parental responsibilities between mum and dad, according to the report (registration required).  Successfully sharing their role as parents is essential for women to continue the progression of their careers and is key to closing the gender pay gap, according to the study of 7,000 people. But it will only succeed if organisations ensure working dads don’t face exactly the same negative experiences which have stopped working mums progressing in the past. The research claims that over half (52 percent) of working parents, including 26 percent men and 30 percent women, think that their career has slowed down compared to their childless colleagues.

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Fall in number of employees who feel motivated at work

Fall in number of employees who feel motivated at work

Fall in number of employees who feel motivated at work Employee motivation levels appear to be the decline, with 29 percent of employees surveyed saying they were not motivated at work in 2017 compared to just 18 percent who said the same in 2016 the research report, “Living to Work” has claimed. Motivates Inc. has commissioned its employee motivation research for the past three years, surveying over 2,000 UK employees in full-time employment. The full data shows like-for-like how employees are feeling in the workplace and what hygiene factors have affected behaviours year-on-year. According to the latest data 71 percent of UK employees were motivated in 2017, which on its own shows a positive result, yet when you look at the motivational statistics from 2016 the data actually shows the percentage of motivated employees has dropped by 11 percent in just one year. That’s 220 more employees in an organisation of 2,000 who are not feeling good about their job.

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The horrors and harmonies of workplace hierarchy

The horrors and harmonies of workplace hierarchy

I am a child of the seventies, and one of my favourite shows when I was just a tyke was The Jeffersons. For those not familiar with The Jeffersons, it was about a black family in New York City who had, through ambition and entrepreneurship, ‘made it to the top’. George Jefferson, the patriarch, was a bolshie character. Hijinks usually ensued. But what stuck with me about that show was the catchy theme song, Movin’ On Up. The lyrics were ‘I’m movin’ on up, to the upper east side, to a deluxe apartment in the sky… I finally got a piece of the pie.’ Growing up in suburbia, this was probably the first time that I learned the idea of a penthouse, and the notion that the higher up the building, the more important you were. It wasn’t until I was about age eight that I realised the word wasn’t ‘high-archy’, but ‘hierarchy.’

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