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The self employed have to rely on each other as government offers almost no support

The self employed have to rely on each other as government offers almost no support 0

The self employed are turning to one another for business and financial support, according to new analysis by the RSA think-tank. Commissioned by the Federation of Small Business (FSB) to examine how self-employed workers might manage the risks they face, the RSA report claims that growing numbers of workers are turning to collective sick-pay funds to manage ill health, cash pooling schemes to deal with late payments and micro-loan services to plug gaps in bank finance.  The RSA’s report, The Self Organising Self Employed concludes that, to date, both the state and the market have struggled to keep pace with the rising numbers of the self employed. Although successive governments have been vocal in their admiration of people who strike it out alone, holding up their attributes as ‘self-starters’ and ‘strivers’, this had led to a ‘non-interventionist, hands-off policy agenda, with the self employed broadly left to their own devices’.

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Extending the length of working lives could boost UK GDP by £80 billion

Extending the length of working lives could boost UK GDP by £80 billion 0

The UK could boost its GDP by around 4.2 percent (around £80 billion at today’s values) if the employment rate of workers aged over 55 could match that of Sweden, the highest performing EU country, according to a new PwC analysis comparing the employment of older workers across 34 OECD countries. There is a 12 percentage point gap between the employment rates of workers aged 55-64  in the UK and Sweden. PwC’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. The UK has remained middling in the rankings since 2003, falling by one place from 18th in 2014 from 19th in 2015. The report suggests that extending working lives could have a transformational effect on the economy.

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Half of UK employees say the workplace has a negative impact on their wellbeing

Half of UK employees say the workplace has a negative impact on their wellbeing 0

UK employers are falling short of fully supporting mental health in the workplace, with half of UK employees say their workplace has a negative impact on their physical, mental and financial wellbeing, a new survey claims. And according to the Global Employee Benefits Watch 2017/18 from Thomsons Online Benefits of over 2,000 office workers around the world, multinational organisations are not using benefits effectively to improve employee wellbeing and provide a positive workplace experience. Almost 40 percent of employees cite improving mental wellbeing as a life goal, yet less than half of those (18 percent), feel that their benefits scheme supports this. The situation is similar for those wanting to get fit and healthy; 44 percent of employees are keen to do this, yet less than half of them (20 percent) say their employer is helping them to fulfil this ambition.

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Businesses sound the alarm over Brexit as negotiations get under way

Businesses sound the alarm over Brexit as negotiations get under way 0

The end of free movement of people from the EU will damage UK businesses and public service delivery unless post Brexit immigration policies take account of the need for both skilled and unskilled labour from the EU. This is a key message in new research from the CIPD, the professional body for HR and people development, and the National Institute of Economic and Social Research (NIESR). It also calls on businesses to broaden their recruitment and people development strategies to ensure they are doing all they can to attract and develop UK born workers, and highlights the need for significant changes to Government skills policy. The study joins a growing chorus of business leaders appealing for a rational approach to Brexit negotiations. Britain’s top business lobby groups have already come together to demand open-ended access to the European single market for as long as it takes to seal a final Brexit deal.

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Billions of pounds in wages and holiday pay is underpaid every year

Billions of pounds in wages and holiday pay is underpaid every year 0

Billions of pounds are denied to workers every year in wages and holiday pay, a new academic study claims. An interim report, The Weighted Scales of Economic Justice , from researchers at Middlesex University and the Unpaid Britain project shows £1.2 billion of wages are unpaid each year, along with £1.5 billion of holiday pay. The research, led by Professor Nick Clark, also found numerous breaches of employment rights, with one in 12 workers not receiving a payslip and one in 20 receiving no paid holiday. The report claims that many companies and directors were repeat offenders in withholding wages, and directors of half the companies that were dissolved and had defaulted on wages, returned as directors of other companies. Lead author, Nick Clark, said he believes these facts are the “tip of the iceberg” as accurate data around unpaid wages is difficult to uncover.

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Technology that creates a virtual office is biggest catalyst of change in the workplace

Technology that creates a virtual office is biggest catalyst of change in the workplace 0

Companies are increasingly using sophisticated technology offerings as a way to attract and retain talent, as faced with a competitive hiring environment, and rising occupancy costs they must create a user experience that makes employees more efficient and effective and the office the preferred place to work. This is according to CBRE Research’s latest Global Prime Office Occupancy Costs report (registration needed) which found – not uniquely – that technology is the biggest catalyst of change in the workplace today, as mobile devices, virtual networks, videoconferencing and cloud storage create a seamless transition from the physical workplace of the 20th century to the virtual workplace of the 21st century. This technology is also being used by occupiers to understand and manage their occupancy patterns in sophisticated ways and create an environment that maximises employee efficiency.

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Workplace wellbeing is now embedded in the very bricks and mortar of the building

Workplace wellbeing is now embedded in the very bricks and mortar of the building 0

For some time now, the debate about how the workplace adds to the bottom line of an organisation has focused increasingly on the subject of wellbeing. There are plenty of good reasons for this, with the issue subject to both the push of employers as well as the pull of employees. Everybody thinks it’s a good idea and it’s easy to see why. Wellbeing is about business ethics, recruitment and retention, productivity, physical and mental health, work-life balance, absenteeism and the management of a flexible workforce, and all the other things that underpin the success and health of an organisation and each individual. It suggests a more positive approach to the workplace than either health & safety or occupational health, both of which remain disciplines more focused on reducing risk and harm than promoting positive outcomes, as is the case with wellbeing. Neither is it about something as raw and nebulous as productivity, which remains difficult and even impossible to measure for knowledge and creative workers and only offers a single dimension on a key workplace issue anyway.

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Job polarisation is being driven by lack of access to technological skills, warns OECD

Job polarisation is being driven by lack of access to technological skills, warns OECD 0

productivityThe employment rate throughout OECD areas is finally returning to pre-crisis levels, but people on low and middle incomes have seen their wages stagnate and share of middle-skilled jobs fall. This is according to the latest OECD Employment Outlook 2017 which finds that the employed share of the population aged 15 to 74 years rose for the third consecutive year, and is expected to reach 61.5 percent by the end of 2018, above its peak of 60.9 percent in the fourth quarter of 2007. Its projections for the UK’s economy for 2017-18 anticipate that growth will ease as rising inflation weighs on real incomes and consumption, but business investment will weaken amidst uncertainty about the United Kingdom’s future trading relations with its partners.

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Climate change demands a rethink for our economic models

Climate change demands a rethink for our economic models 0

Swift and effective action is needed to create new, sustainable economic models to mitigate the adverse effects of climate change on the world’s working population, claims a report published by the International Bar Association Global Employment Institute (IBA GEI). The Climate Change and Human Resources Policies Report focuses on the relationship between climate change and employment, and aims to contribute to nascent discussions anticipating structural changes to business and the training needs of workforces transitioning to low-carbon economies. The report also highlights potential issues in relation to employment policies, labour law, ‘weak’ jobs, ‘expanding’ jobs and new jobs. Further, it draws attention to what some countries are doing to help their nations’ employees adjust to industrial change, and how trade unions, employers and educators are working together to deliver green skills training.

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Workers spend less time on social media and non-work technology in a bid to restore work life balance

Workers spend less time on social media and non-work technology in a bid to restore work life balance 0

According to a new survey by job site CV-Library, over two thirds of workers (67.4 percent) don’t use social media whilst at work, and of those that do, the majority (45 percent) will only do so for up to 15 minutes. The study surveyed 1,200 workers on their opinions around technology in the workplace, and whether it is a distraction or an enabler to professionals. Interestingly, the survey claims that despite 56.1 percent admitting that they use smart phones while they’re at work, the majority (79.8 percent) do not use technology to do personal tasks during work hours. Many 0f the respondents cite the desire for a better work life balance as the main reason for their behaviour.

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We need to design for a multigenerational workforce

We need to design for a multigenerational workforce 0

Excitingly, the workforce is becoming increasingly diverse. However there’s more talk about millennials in the workplace than anyone else. In stark contrast to popular belief, the reality is that the British workforce is getting older on average which means that office design must now consider a new set of workplace requirements. The challenge for designers is to create inclusive environments that address the needs of highly skilled and experienced older workers, while still providing productive environments for all users, ensuring the entire multigenerational workforce is engaged, happy and productive. International bodies are already worried about the fiscal impact of an older workforce, in May the World Economic Forum (WEF) said that a looming fourfold rise in over-65s by 2050 is the financial equivalent of climate change. With people born today having a life expectancy of more than 100, WEF warned of more years in the office to provide financial security in later years, as well as a creeping retirement age heading towards 70. This ageing population and workforce will certainly need consideration when it comes to supporting their health and wellbeing.

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What will the UK General Election mean for the workplace? Some experts respond

What will the UK General Election mean for the workplace? Some experts respond 0

Any residual feelings of certainty that anybody in the UK may have had about the country’s future following last year’s Brexit vote, will have had them pretty much eradicated by last Thursday’s General Election result. However, we must try to make sense of things for society and the wider economy as well as specific facets of it, such as the world of work. The whole thing looks like the pig’s ear that it is, of course. Fortunately, as some experts have already argued, there are some reasons to see some positive outcomes, including a soft (or softer) Brexit and the chance of a more positive approach to workplace rights, now that the Government needs to maintain a broader consensus. The fear or hope that the UK would lighten its already soft touch approach to workplace legislation would seem at least to be less well founded.

 

 

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