Search Results for: productivity

Job vacancies are on the rise, but pay and productivity remains stagnant

Job vacancies are on the rise, but pay and productivity remains stagnant

Job vacancies are on the rise but pay and productivity remains stagnantUK employment is predicted to grow strongly in the third quarter of 2017, but wage growth is likely to remain weak, according to the latest CIPD/The Adecco Group Labour Market Outlook. Although the UK labour market remains buoyant, basic pay award expectations for the next 12 months remain at just 1 percent. Put against the backdrop of poor productivity growth, the report points to an increase in labour supply over the past year as a key factor behind the modest pay projection. This is driven by relatively sharp increases in the number of non-UK nationals from the EU, ex-welfare claimants and 50-64 year olds. This increase in labour supply may explain why the jobs market remains challenging for some jobseekers, especially those seeking lower-skilled jobs. Employers report a median number of 24 applicants for the last low-skilled vacancy they tried to fill, compared with 19 candidates for the last medium-skilled vacancy and eight applicants for the last high-skilled vacancy they were seeking to fill. Overall, employers felt that around half of applicants were suitable for each role they were trying to fill.

More →

Could a four-day week help improve UK productivity?

Could a four-day week help improve UK productivity?

Over half (61 percent) of office workers believe they’d improve their performance levels if they worked a four-day week; and 40 percent believe they would be more productive working remotely. This is according to new research which claims that UK productivity has fallen dramatically, with one in three (31 percent) office workers admitting they are unproductive for a huge two hours every day. The report, commissioned by office products firm Fellowes, argues that despite being the fifth largest economy in the world, the UK sits 15th in the productivity table, lagging behind the likes of Sweden (31 hours p/w), Denmark (27.2 hours p/w) and Norway (27.3 p/w) – who all work, on average, less hours per week than Brits (32 hours p/w). As a third of workers are essentially working a six-hour day, many believe it’s time to look towards Scandinavian countries like Sweden – who recently trialled a 6-hour working day – where employees have more flexibility to choose when and where they work.  More →

Creativity is the new productivity in the modern era of work and workplaces

Creativity is the new productivity in the modern era of work and workplaces 0

Creativity is often thought of as a quality unique to artistic geniuses. When in reality, it is present in all of us, and something that can be enhanced and nurtured, given the right tools and environment. Creativity is the innate human ability to generate ideas, solve difficult problems and exploit new opportunities — it is the fuel for innovation. Many of today’s most pressing business problems require creative thinking to solve them, and creativity is an essential ingredient for business growth. However, 77 percent of CEOs name creativity as their company’s number one skill shortage (20th CEO survey, PWC, 2017). Being agile is critical in a world that is changing rapidly, with disruptive technology, globalisation and an increasingly complex landscape all playing a part. More than ever, supporting creativity at work is an essential part of driving value for both businesses and society. In days gone by, instead of focusing on their organisation’s creative output, most business leaders were obsessed with near-term goals such as productivity, efficiency, cost-cutting and reducing waste. But the landscape has shifted and creativity is emerging as an important dimension of productivity.

More →

Long commutes are major source of poor health and low productivity

Long commutes are major source of poor health and low productivity 0

Long hours spent commuting to work are some of the main causes of poor health and low productivity, according to a large-scale study from the Britain’s Healthiest Workplace index, a joint venture between insurer VitalityHealth, the University of Cambridge, RAND Europe and Mercer. According to the study of more than 34,000 workers, people commuting less than half an hour each day to get to work gain an additional seven days’ worth of productive time each year compared with those with commutes of 60 minutes or more. Longer commutes also appear to have a significant impact on mental wellbeing, with workers who have a long commute 33 percent more likely to suffer from depression, 37 percent more likely to have financial concerns and 12 percent more likely to develop various forms work-related stress. These workers are also 46 percent more likely to get less than the recommended seven hours of sleep each night and 21 percent more likely to be obese. The research suggests that offering flexible working is the best way to mitigate the negative effects of commuting.

More →

UK remains stuck in stubborn low productivity trap

UK remains stuck in stubborn low productivity trap 0

The persistently low productivity of UK workers has dropped back to pre-financial crisis levels, according to official figures. Hourly output fell 0.5 percent in the first three months of the year, the Office for National Statistics (ONS) reports in its latest update. At the end of 2016, productivity returned to the level seen before the 2008 recession. But it has now slipped back again and is 0.4 percent below the peak recorded at the end of 2007, according to the ONS. It was the first quarterly fall in productivity since the end of 2015, according to the ONS. Economists have consistently warned that the UK’s low productivity continues to mean it lags behind its major trading partners such as the US, France and Germany.

More →

Over half of employers believe strong workplace friendships increase productivity

Over half of employers believe strong workplace friendships increase productivity 0

Nearly three quarters (70 percent) of employers say it’s healthy for employees to have someone to confide in at work, according to new research, but it claims, 1 in 4 employees would consider leaving the company if their friend left. The totaljobs research which featured responses from over 4,000 employees and 103 employers on the latest trends in workplace relationships and office politics found that two thirds (65 percent) of UK workers are finding ‘work spouses’ in the office – that one person who they are very close. Although over half of employers (56 percent) say strong work friendships increase productivity and 60 percent of work spouses say their relationship means ‘they look forward to going into work’, which can help improve staff retention, 1 in 4 (23 percent) say if their friend left, they would consider leaving themselves. Nearly one in 10 (7 percent) go as far as to say that their work spouse leaving the company would be ‘like a bereavement’.

It is perhaps no surprise that work socials are encouraged by employers. Three-quarters of employers organise social events, with the most common including the Christmas party (92 percent); meals out (56 percent); celebrating company milestones (contract wins, hitting targets – 53 percent); and drinks (47 percent). A massive 89 percent of employers provide coffee and tea facilities, while 67 percent provide a kitchen with a sitting area and 47 percent provide breakout areas to encourage more conversation.

A significant 60 percent of employers encourage employees to socialise out of work, while in most social events are regularly organised by teams independently – 42 percent monthly and 40 percent quarterly.

A line was drawn in terms of seniority however, with only 24 percent of employers believing it is appropriate for management to be friends with people more junior than them.

John Salt, Director at totaljobs, said: “It is certainly revealing that so many employees relate to having a ‘work spouse’ and someone they feel they can confide in above others. Our research shows employers recognise the value of strong work relationships, with many already offering social events. The key is to accept work spouse relationships and encourage broader team cohesion. The two do not need to be mutually exclusive: get the balance right, and employers will reap the benefits of a happier, more productive, team.”

The research also showed that work relationships are often formed out of facing adversity in the workplace. Half of those (50 percent) with a work spouse admit to being frustrated in their job, compared to only a third (33 percent) who say they are satisfied, suggesting a spouse may be viewed as some with whom frustrations can be shared.

Social Media Etiquette

Social media has led to a blurring of the lines in terms of people’s personal and professional lives. 42 percent admitted they communicate with their work spouse via social media outside the office. Facebook is by far the leading social network, with 83 percent saying they add colleagues who are at their level on Facebook, compared to 32 percent who would add them on LinkedIn, 24 percent who would follow them on Instagram, and 19 percent who would message their work spouse out of office hours.

Workplace communication expert Judi James has worked with totaljobs to identify the different types of workplace friendships.  She comments, “The notion of having a ‘work spouse’ in the office is clearly a growing phenomenon. British people are notoriously hard workers, often working long hours in stressful environments so it is no surprise to see that they find a colleague with whom they can share their frustrations and celebrate their successes.

“Whilst this is perfectly healthy, it can be helpful for workers to understand how these relationships can come to be viewed and how to prepare for the inevitability of their work marriage being broken up when one party heads for pastures new. That’s why I have worked with totaljobs to create this guide to enable people to understand what type of relationship they have.”

Stress levels at work have grown, while productivity fell, but there is some good news

Stress levels at work have grown, while productivity fell, but there is some good news 0

Stress and anxiety treatments have doubled over a decade, while 44 percent of workers say the world around them has become more stressful and complex. In the ten years since Bupa launched its first Wellbeing Report; people are working an extra 15.4 million hours every week, but productivity remaining low. However, on a more positive note, more employees than ever are prepared to talk about mental health issues with their employer. The research, which coincides with the launch of the Bupa Wellbeing Edit – a report into the key themes in workplace wellbeing, which includes insights from business and wellbeing experts, shows the number of people receiving mental health treatments has increased by 53 per cent in the last decade. Treatment for stress and anxiety have more than doubled over the last 10 years, which now stand at just under 70,000. However, although working longer hours has contributed to higher stress levels, the analysis based on businesses of all sizes, suggests that employers’ openness towards mental health is also increasing levels of self-reporting.

More →

Study suggests ways staff could work fewer hours while raising productivity

Study suggests ways staff could work fewer hours while raising productivity 0

Employers can implement simple changes to reduce fatigue while raising worker productivity, a new academic study suggests. Research published by Manel Baucells from the University of Virginia Darden School of Business offers some useful insights for today’s workforce in overcoming fatigue while at the same time raising productivity. The paper “It is time to get some rest”, co-authored with Lin Zhao of the Chinese Academy of Sciences in Beijing, looks at how workers’ efforts can be best distributed throughout the day. The study’s implications affect not only our health and quality of life, but business and the economy too. “The bottom line is, when it comes to rest and managing fatigue, the incentives of companies and workers are perfectly aligned: Reducing fatigue increases productivity, lowers the cost of providing effort, increasing work satisfaction, lowering turnover and absenteeism, and ultimately increasing profits,” said Baucell. “Google seems to have learned this lesson and makes the work environment pleasant, promoting fun distractions, while at the same time encouraging long work hours.”

More →

Caring responsibilities are main cause of workplace absence and lower productivity

Caring responsibilities are main cause of workplace absence and lower productivity 0

An increasing number of workers are taking on caring responsibilities, be this for children, elderly relatives or other dependents, and it’s becoming a major cause of workforce absence, claims new research. According to data released by group risk industry body GRiD, for 61 percent of employers these issues are a main cause of short-term absence (less than 4 weeks); for 49 percent of employers these issues are a main cause of mid-term absence (4 weeks to 6 months) and for 43 percent of employers these issues are a main cause of long-term absence (in excess of 6 months). They can also be a contributory factor in the development of mental illness or the deterioration of mental health. Indeed, mental ill-health is another major cause of absence, due to the knock-on effects of stress and deteriorating mental health that results in more absence. In terms of what employers are doing to reduce absence and improve attendance, flexible working comes out as the top-rated solution, with 36 percent of employers citing this as one of the measures they have put in place to minimise absence.

More →

Workplace Matters Podcast on productivity, professionalism and activity based working with Chris Moriarty

Workplace Matters Podcast on productivity, professionalism and activity based working with Chris Moriarty 0

This week sees the return of the Workplace Matters podcast from 3edges, and season 2 kicks off with a cracker. I am in conversation with the inimitable raconteur Chris Moriarty, Managing Director UK & Ireland at Leesman, and formerly of the British Institute of Facilities Management. Expect soap box moments galore as Chris and Ian discuss Leesman, the Workplace Conversation as a precursor to The Stoddart Review, and the role of professional bodies. Chris also offers myth-busting perspectives on activity-based working, millennials, and of course the infamous workplace P word – productivity – based on Leesman dataset insights. It’s essential listening. Expect season 2 to broaden the perspective beyond the physical aspects of workplaces as we continue to join the dots. Conversations coming soon include Bee Heller from The Pioneers, Perry Timms from PTHR, Dr Kerstin Sailer from Brainybirdz, Jacqui Martin from Design_North and Dr Rob Harris from Ramidus. Subscribe and listen to this and all episodes on Acast or iTunes, on any mobile device.

More →

Suppressed global productivity levels weigh down on personal wealth

Suppressed global productivity levels weigh down on personal wealth 0

productivityThe slowdown in global productivity – already underway before the last economic crisis – combined with sluggish investment, continued to undermine rises in economic output and material living standards in recent years in many of the world’s economies, according to a new report released by the OECD. In its latest Compendium of Productivity Indicators, the OECD also highlights a decoupling between productivity growth and higher real average wages in many countries, resulting in continued  declines in labour’s share of national income. The report claims that the contribution of labour utilisation (hours worked per capita) to GDP growth has risen markedly in a number of countries, notably in the United Kingdom and the United States. However, rises in labour utilisation reflect two opposing effects: higher employment rates but lower average hours per worker, which points to more part-time working, often in low productivity jobs.

More →

Long commutes cost firms a week’s worth of staff productivity each year

Long commutes cost firms a week’s worth of staff productivity each year 0

Long commutes are causing poor health and productivity outcomes for the UK’s employees, according to a study of more than 34,000 workers, developed by VitalityHealth in partnership with the University of Cambridge, RAND Europe and Mercer, examined the impact of commuting as well as flexible and home working on employee health and productivity. The study found that employees commuting less than half an hour to get to work gain an additional seven days’ worth of productive time each year compared to those with commutes of 60 minutes or more. Longer commutes appear to have a significant impact on mental wellbeing, with longer-commuting workers 33 percent more likely to suffer from depression, 37 percent more likely to have financial concerns and 12 percent more likely to report multiple dimensions of work-related stress. These workers were also 46 percent more likely to get less than the recommended seven hours of sleep each night and 21 percent more likely to be obese.
More →