Search Results for: retention

September 20, 2016

Employers will promote internal talent to meet Brexit challenge ⁰

by Sara Bean • Legal news, News, Workplace

Bosses are divided on whether staff morale will suffer following Brexit, with 48 percent of respondents to a recent survey believing it will and 51 percent expecting no change, despite 74 percent of organisations believing employees are at least ‘somewhat concerned’ by the impact of the vote. Though the majority of companies (82 percent) believe it is their duty to keep employees informed of the potential impact of Brexit on their organisations, few (11 percent) have started communicating openly. The report by Mercer, Planning for Brexit – Talent Implications, also suggests the while the true impact of potential changes to immigration policy remains unknown so far, talent availability is being seen as a top long-term challenge. Over half (58 percent) of companies think their workforce plans will change in the longer term and the majority (66 percent) anticipate a stronger focus on developing and promoting talent from within to compensate for a possible lack of access to wider talent pools.

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September 16, 2016

Career advancement opportunities help attract and retain staff ⁰

by Sara Bean • Flexible working, News, Wellbeing, Workplace

Three in 10 US employees say they are likely to leave their employer within the next two years as employers continue to experience difficulty with attracting and retaining staff. According to the Global Talent Management and Rewards Survey, from Willis Towers Watson roughly half of employers are experiencing difficulty attracting critical-skill employees, top performers and high-potential employees. More than a third of respondents reported challenges in retaining high-potential employees (37 percent), top performers (36 percent) and critical-skill employees (35 percent). The firm’s Global Workforce Study identified advancement opportunities as key. Over a third (36 percent) cited opportunities to advance as a key reason to join a company and to leave (45 percent). However, only four in 10 (41 percent) indicated their employer does a good job of providing advancement opportunities, while nearly half (47 percent) said they would need to leave their organisation to progress.

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September 15, 2016

Call for work life balance to help preserve relationships and health ⁰

by Sara Bean • Flexible working, News, Wellbeing, Workplace

More than a third of UK workers (35 percent) say that their work schedule is detrimental to their relationship with their partner, nearly one in five (18 per cent) say their job has caused arguments, and eight per cent admit that work was a major factor in the breakdown of their relationship. This is according to research, commissioned by Coople that suggests the extent to which work is ruining relationships, causing arguments with partners and even taking a toll on sex lives. Nearly one in 10 (nine per cent) say the pressures faced at work has had a negative impact on their sex life and one in five (20 per cent) report their work has led to a decline in their health and wellbeing, citing stress and depression. Unsurprisingly, the survey also found that 54 per cent of people value a good work life balance in a job the most, above wages, career progression, doing something meaningful in their work or any employee benefits.

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September 9, 2016

Businesses in developed world failing to invest in tech and agile working ⁰

by Neil Franklin • Flexible working, News, Technology

Businesses operating in developed national markets risk falling behind businesses in emerging markets that are placing greater importance on leveraging technology to fuel their growth and increase their agility, claims a report from enterprise software provider Epicor. The study of over 1,800 business leaders from 12 countries claims that 54 percent of emerging market business executives cited “technology leadership” as a significant growth factor compared to just 36 percent of those in developed countries. The report claims that by recognising the importance of flexible technology and business systems in fuelling growth, executives in emerging markets are putting themselves in a stronger position when it comes to preparing for international expansion. Businesses that have more agile working practices can respond more quickly to changing market environments, making them more prepared to deal with the demands of growth.

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September 8, 2016

HR remains unprepared for impact on the workforce of Brexit ⁰

by Sara Bean • Flexible working, News, Workplace

One of the biggest impacts of the Brexit vote will be on recruitment and retention, but less than half of businesses have so far bothered to create a dedicated HR team, claims the latest Willis Towers Watson survey. The majority of companies (56 percent) instead continue to ‘wait and see’ before they take any action to prepare their organisation for Brexit. This is despite two-thirds (66 percent) of employers believing their business in the UK will be significantly affected by Britain’s vote to leave the European Union (EU), and 76 percent most worried about the impact of Brexit on the workforce. The report says that almost four-fifths (78 percent) of companies have begun a consideration of the implications of Brexit and more than half (60 percent) have conducted an assessment of what it means for key areas, but so far only 24 percent have carried out a detailed impact assessment and only a third (33 percent) have done any scenario planning.

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September 7, 2016

Report published on employing older workers to help close labour gap ⁰

by Sara Bean • Flexible working, News, Wellbeing, Workplace

A new report – published to encourage employers to create more age friendly workplaces – warns of a widening labour gap in the UK. Between 2005 and 2015 the number of people working over the age of 50 in the UK increased by 2.5 million. By 2022, the UK economy will need to fill 14.5 million job vacancies created by people leaving the workforce and by new positions being created; but it is estimated that there will only be seven million young people available to fill them – leaving a labour shortage of 7.7 million people. Yet currently, one million older people who are not in work want to work and if just half of these were to move into employment GDP would increase by up to £88 billion a year. Business in the Community’s new report, Age in the Workplace, supported by the Centre for Ageing Better, advises employers on how to implement practical changes; such as introducing more flexible hours, which will help improve the recruitment and retention of older workers.

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August 25, 2016

More organisations worldwide offering parental leave rights to employees ⁰

by Mark Eltringham • Flexible working, Knowledge, News, Workplace

Despite the complexities of parental leave legislation, a growing number of organisations worldwide are making the benefit available to their workforce, according to the new Global Parental Leave report from human resources consultancy Mercer. According to the study – which is behind a paywall – more than one third of organisations have one centralised global policy. Around 38 percent provide paid paternity leave above the statutory minimum and several countries mandate a parental leave programme that may be used by either parent or carers. A growing number of organisations have extended the right to part time employees and see it as a valuable tool for attracting and retaining talent regardless of the gender or contract of employees. While almost two-thirds (64 percent) of companies provide maternity leave for only the birth mother, 24 percent of companies provide this leave to a primary caregiver.

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August 17, 2016

Intelligent lighting can enhance workplace wellbeing and productivity ⁰

by Andy Gallacher • Comment, Environment, Facilities management, Lighting, Wellbeing, Workplace design

The main driver of the growing interest in wellbeing in recent years has undoubtedly been absenteeism. But workers don’t have to be ‘absent’ from the workplace to hamper productivity. Presenteeism, where employees are present but not productive can also influence the long-term success of an organisation. The interaction between the worker and their work environment has a huge influence on an individual’s wellbeing and overall productivity, with employees’ performance more likely to be enhanced when they are immersed in a comfortable and stimulating environment. This can include all the usual stipulations, such as a well-designed workstation, a comfortable office temperature and carefully considered and appropriate lighting. In fact, improved lighting is an essential element in the overall mix, not only because of the cost savings that their energy efficiency brings but also in the way lighting contributes to workplace wellbeing and people’s performance.

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August 10, 2016

Low take up for shared parental leave raises questions over demand ⁰

by Sara Bean • Flexible working, Legal news, News, Workplace

New research questions how much demand exists in the UK for fathers to take shared parental leave. The first available figures reveals a low take-up of new rights to paid leave, as just 3,000 new parents took advantage of the system in the first three months of 2016 – one year on from its introduction. By contrast, approximately 52,000 fathers and 155,000 mothers took paternity and maternity leave in an equivalent time period in 2013/14. The figures were published as a result of a freedom of information request from law firm EMW who suggest that this shows that the new rules are being significantly under-utilised and policymakers need to give more consideration to what benefits future changes to employment law will actually deliver versus the impact on small businesses which have to implement them. The new Shared Parental Leave system allows parents to share paid time off between them, in place of (and at the same rate as) Statutory Maternity Pay.

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August 6, 2016

HR analytics has the potential to stem the silver brain drain ⁰

by Matt Henderson • Comment, Technology, Workplace

We’re operating in an increasingly tech-centric environment, but human talent still remains one of the core differentiators if a business is to thrive. Not surprisingly, the mission to get the very best people on board and optimise the potential of those already in situ has become the Holy Grail for many companies, irrespective of scale and sector – a challenge that demands a more intuitive and precise, even scientific approach to human capital management. Data analytics is a case in point, designed to extrapolate insight from intelligence across a variety of disparate sources and establish actionable intelligence, capabilities which naturally lend themselves to powering key decisions around hiring and retention and building on existing talent. Yet despite the proliferation of analytics across many strands of the workplace, take up in the HR sphere remains relatively modest, in tandem with a long-held reticence over the use of the technology in this area.

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June 16, 2016

Most likely scenario of a Brexit vote is minimal impact on employees ⁰

by Sara Bean • Comment, Legal news, News, Workplace

A more nuanced and balanced view from both leave and remain campaigns on how the EU Referendum will affect employees is needed, a leading HR authority has warned. Commenting on how the outcome of the EU Referendum will affect employees, Professor of Human Resources Chris Rowley, at Cass Business School, said: “The deluge of increasingly extreme polar dichotomy arguments and claims regarding possible post-Brexit life also applies to the critical area of work and employment where the Remain and Leave camps have some of their greatest internal tensions and contradictions. Both sides betray a lack of historical and contemporary grounding and analysis of both employee relations and politics. One problem is that there is much counterfactual argument of causation – what would have happened anyway.” In the short term and possibly even in the longer term he says that a Brexit vote would be unlikely to impact employment law, as so much is already enshrined at work.

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June 13, 2016

Culture change needed to stem senior female executive attrition rate ⁰

by Sara Bean • Comment, Flexible working, Legal news, News, Workplace

With less than 10 percent of FTSE 100 companies in this country having a female CEO, a cross party group of MPs from the Women and Equalities Select Committee have been enquiring into ways of increasing the significant under-representation of women at executive levels. The introduction of quotas and regulation has been suggested to address this lack of gender diversity. In its submission to the committee consultant’s Mercer argue that although measures such as quotas can have a visible impact in the short term, the most effective and sustainable way of getting women into senior and executive roles is by focusing on growing and developing a pipeline of female talent in an enabling and supportive environment, tailored to their unique skill-sets, financial, and health needs. Its recently launched study ‘When women thrive, businesses thrive’ shows that senior women leave at much higher rates than men, which supports our argument that the prevailing business culture doesn’t support working mothers.