April 12, 2018
Poor company culture is costing the UK economy £23.6 billion per year
A new report claims that a third of people (34 percent) who leave their job, do so because of perceived poor company culture. The report, authored by breatheHR claims the associated cost of bad company culture is around £23.6 billion per year. The survey of 2,500 people analysed in The Culture Economy, also suggests that well over half of SME leaders (60 percent) consider company culture as a ‘nice to have’ in their business.This mindset has a number of knock-on effects. According to the Chartered Management Institute, effective leadership could improve Britain’s productivity by 23 percent. However, with over half (53 percent) of employees surveyed who distrust their senior management, thinking their bosses ‘didn’t appear to know what they were doing’, there is some work to be done.
Following the deadline for organisations to publish their gender pay this week, it came as little surprise to find that almost 
Two new reports published today reflect increasing concerns about stress and mental ill health at work and a lack of understanding by many organisations in how to combat the problem. A new study by Bupa claims that mental health is now a priority at board level for almost two-thirds (65 percent) of businesses, rising to 72 percent among large corporates, while mental health is now a bigger issue than physical illness among employees for nearly a third (29 percent) of businesses. Yet while an overwhelming majority (96 percent) of businesses want to help support their people, many (57 percent) do not know how to best support employees with these challenges. Two in five (39 percent) admit that awareness and understanding of mental health issues is still low across their organisation. These findings are echoed in a report carried out by Perkbox that claims work is by far the most common cause of stress (59 percent). Yet almost one in two (45 percent) of British businesses do not offer anything to help alleviate this, despite the fact that 1 in 4 (25 percent) struggle to be as productive at work when stressed.
Almost one in two working age adults currently lack numeracy skills and this skills gap is estimated to cost businesses £3.2bn annually, with a cost to the UK economy of up to £20.2billion a year. This is why charity National Numeracy has joined together with founder supporter, KPMG, to establish the first ever UK National Numeracy Day – created to drive a change in recognition of the importance of numbers, as well as improve employee careers. The day, which takes place on the 16th May will be designed to celebrate numbers, and aims to help individuals to check their numeracy levels, and provide free tools to support improvement amongst those who could benefit. Businesses are being called on to get involved in a variety of ways; from becoming an official supporter, to encouraging employees, suppliers and the local community to check their numeracy levels using the 
Over a fifth (21 percent) of 18-24 year olds admit that they have rejected a potential employer because of the poor design of the office or lack of amenities available, while 34 percent in the same age group would be willing to commute for a maximum of one hour each way to an office that is considered perfect – compared to 22 percent of 45-54 year olds. The research, commissioned by Mindspace, found that 16 percent of 18-24 year olds have actually left a job because of how poorly designed the office was in one of their previous roles. Overall, nearly a third (31 percent), of workers are bored with their current office environment and feel uninspired at work, with 28 percent of workers describing their place of work outdated and dull. The research also found that while most workers had access to amenities such as a kitchen (72 percent), meeting rooms (66 percent) and free tea & coffee (53 percent), what UK office workers desire the most to improve morale is more natural light, air conditioning and improved interior lighting.
