Search Results for: salary

Address gender and economic barriers to tech revolution says BT

by • AI, News, Technology, Workplace

Young people from less privileged backgrounds and females face greater barriers to joining the tech revolution, a new report suggests. Tech know-how: The new way to get ahead for the next generation, from BT and Accenture could boost the next generation’s tech skills and help charge social mobility and economic growth. The study found individuals with higher levels of tech know-how earn more as their career progresses, with a ‘tech literacy wage premium’ of £10,000 per year.  The implied salary increase if people develop their skills could add approximately £11 billion to UK GDP by 2022. However, young people whose parents have higher levels of education are 26 percent more likely to see themselves as ‘expert’ or ‘creative’ users of tech in the next five years; and those whose parents fall into the top two education levels expect to earn salaries that are 19 percent higher than the bottom two. The report also highlighted a stark gender divide as young men receive 46 percent more encouragement from parents and teachers to build their tech skills than their female counterparts, and are 17 percent more likely to report having had sufficient training at school.

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Wellbeing named as top priority for 2018 by human resources managers

Wellbeing named as top priority for 2018 by human resources managers

by • News, Wellbeing

A vox pop poll carried out by  employee engagement firm Reward Gateway at a recent conference claims that wellbeing, pay and benefits and recognition will be the top employee engagement priorities for HR professionals in 2018. The research, which polled 565 HR professionals at Employee Benefits Live 2017, echoes two studies undertaken by the same firm earlier this year. These studies found that companies are looking to invest in areas which UK employees have said are crucial to them, but don’t feel as though their employers are adequately providing: wellbeing and recognition. As the top agenda point, the importance of wellbeing in the workplace was echoed in a study conducted in September 2017, which claimed that 22 million British workers, or 7 in 10 employees (71 percent), have felt stress or financial strain in the last five years. Despite these numbers, the same research also claims that a third of respondents said that their company currently offers no wellbeing programmes.

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Ongoing drive to replace full-time employees with freelancers and contractors in US, claims report

by • News

According to a new report from software firm Mavenlink, over three quarters (79 percent) of US executives believe that the use of contracted white collar workers offers them a competitive advantage, while 63 percent of employees say they would quit their current job to take advantage of a freelance opportunity.  The study, On the Verge of a White Collar Gig Economy: On-Demand Workforce Trends According to Today’s Business Leaders claims to have uncovered significant trends in enterprise use of external contractors, an influx of highly skilled contractors into the workforce and increased individual interest in flexible working structures. This study conducted interviews with 300 professionals from different US based organisations with titles of director or above.

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Lack of cultural inclusiveness means staff reluctant to share personal issues at work

Lack of cultural inclusiveness means staff reluctant to share personal issues at work

by • News, Wellbeing, Workplace

Lack of inclusiveness means staff reluctant to share personal issues with employersUK workers are still uncomfortable about having honest conversations at work, with nearly two thirds (61 percent) feel they keep an aspect of their lives hidden in the workplace. The research from Inclusive Employers found family difficulties (46 percent) was the most likely hidden issue at work, followed by mental health (31 percent). One in five also admitted they would hide their sexual orientation while at work. It also found a generational divide, with 67 percent of employees aged between 18 -24 years old keeping something secret compared to 55 percent of those over aged 55 years or over.  The data, released to mark National Inclusion Week 2017, found this lack of openness can have negative impacts on workers and employers, with over a quarter of workers (26 percent) admitting they would feel less connected to their workplace if they hid an aspect of themselves and 18 percent saying their performance would suffer.

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Nearly half of UK workers lack the digital skills needed by most jobs, despite the rewards on offer

Nearly half of UK workers lack the digital skills needed by most jobs, despite the rewards on offer

by • News, Technology

Almost half (43 per cent) of UK adults don’t possess the digital skills required by most jobs, according to the latest Barclays Digital Development Index. The study of 6,000 adults and separate 88,000 job adverts, revealed that nearly two-thirds (63 per cent) of jobs now require basic digital skills such as word processing, database, spreadsheet or social media skills, but 57 percent of UK jobseekers can’t match them to a satisfactory level. This is in spite of the fact that employers are willing to pay a premium for those workers whose IT skills go beyond the basic to include more developed skills such as programming and software design. Staff with these skills can typically expect to command £10,000 more per year over their career. Skills in graphic design, data and 3D modelling can earn people an extra £3,000 per annum.

 

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Majority of US office workers demand technology that allows them to work anywhere

Majority of US office workers demand technology that allows them to work anywhere

by • Facilities management, News, Technology, Workplace

Majority of US office workers demand technology that allows them to work anywhereThe majority of North American office workers expect their employers to provide technology that allows them to work from wherever they choose and three quarter of employees (74 percent) would rather leave their job to work for an organisation that would allow them to work remotely more often, even if their salary stayed the same. This is because working remotely has moved from being a work perk to a necessity of 21st century living, claims a new study by Softchoice. Collaboration Unleashed: Empowering Individuals to Work Together from Anywhere, found that 85 percent of North American office workers expect their employers to provide technology that allows them to work from their desk, in a meeting room, at home, or the coffee shop down the street.

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Half of UK workers plan to leave their current job over the next year

Half of UK workers plan to leave their current job over the next year

by • Cities, Flexible working, News, Workplace

Half of UK workers want to move jobs over the next year

Fifty percent of full or part-time workers in the UK want to leave their current job in the next 12 months claims a new study conducted by Citation. London businesses will be the worst hit, with two thirds (64 percent) of workers in the capital planning on eyeing up other employers. Furthermore, those aged between 18 and 24 are most likely to jump ship (64 percent), and men are 10 percent more likely to leave than women. For two in five workers, it’s salaries that’s forcing them to look elsewhere – this is most likely to be the key driver for 18 to 34-year-olds. Better career prospects (22 percent), drab company cultures (16 percent), dislike of managers (11 percent) and loathing of their job (10 percent) were other reasons given for wanting to leave. With, according to a study by Oxford Economics the average cost of recruitment costing £30,000, UK business owners look set for a costly year ahead. (more…)

People claim to be more productive outside the traditional office, claims report

People claim to be more productive outside the traditional office, claims report

by • Flexible working, News, Wellbeing

According to FlexJobs’ 6th annual survey of more than 5,000 respondents interested in flexible working, 66 percent of workers think they would be more productive telecommuting than working in a traditional office environment. Fewer interruptions from colleagues (76 percent), fewer distractions (76 percent), reduced stress from commuting (70 percent), and minimal office politics (69 percent) are the top reasons people prefer their home office. Only 7 percent of workers say they are most productive in the office during regular hours. The study claims that respondents think they would not only become more productive if allowed to work remotely, but also that they would be more loyal to their employers and would have stronger working relationships.

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UK employers concerned for future of the post Brexit economy despite booming jobs market

UK employers concerned for future of the post Brexit economy despite booming jobs market

by • News, Workplace

Employer confidence in the UK economy has moved into negative territory, according to the latest JobsOutlook survey by the Recruitment & Employment Confederation (REC). The net balance fell from +6 per cent last month to -3 per cent in the latest report, as 31 per cent of employers now expect the economy to worsen and just 28 per cent expect it to improve.  Employers are still looking to hire, with one in five (19 per cent) planning to increase permanent headcount in the next three months.  Confidence in making hiring and investment decisions remains positive with a net balance of 10 per cent, but is at its lowest for the past year.  In addition to signs of deteriorating employer confidence, consumers are also becoming more pessimistic. The GfK’s index of consumer confidence fell to -12, equalling last year’s post-referendum low.

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New analysis reveals shrinking pool of younger workers in the UK workforce

New analysis reveals shrinking pool of younger workers in the UK workforce

by • Legal news, News, Workplace

New analysis reveals shrinking pool of younger workers in the UK workforceAn increase in the number of UK-born employees leaving the UK’s workforce, either through retirement or emigration is coinciding with a shrinking pool of younger workers, which a fall in immigration can no longer fill, a new report warns. An analysis of the UK’s workforce showed that the UK’s workforce grew in 2016-2017 only because of an increase in EU and non-EU workers. Mercer’s Workforce Monitor showed that retirement, opting out (i.e. due to caring responsibilities) or emigration saw around 143,000 UK-born employees leave the UK workforce with the loss of workers only being offset by the entry of around 147,000 EU-born workers and around 232,000 Non-EU workers.  In sum, the UK’s workforce grew by an estimated 234,000 over 2016-2017. From Q1 2016 to Q1 2017, the number of workers over 50 in the UK economy grew by 230,000, the under 35’s grew by 50,000 while the number of workers aged 35-49 shrunk by 48,000. According to the analysis, if net migration into the UK levels off at 100,000 per year from 2020, the number of under 50s in the workforce will fall by 200,000 by 2025; the over 50s would increase by over 1 million while the number of under-25s in the population would fall by 100,000. This means apprentices and graduates numbers will be less.

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Tax reforms forcing contractors out of public sector work, claims report

Tax reforms forcing contractors out of public sector work, claims report

by • News, Public Sector

New research from CW Jobs claims that the public sector is seeing an exodus of IT contractors following the introduction of the IR35 tax reforms. The changes mean IT contractors in the public sector are now taxed like employees. It came into effect in April this year and has meant contractors are losing up to a quarter of their previous take home pay. A significant 71 percent of the IT contractors surveyed said their income had reduced because of IR35. Nearly a third (29 percent) of those have seen an 11-20 percent reduction in income, while more than a quarter (27 percent) have seen a 21-30 percent reduction. The changes have prompted many IT contractors to make the switch from public to private sector.  Nearly half of the 1,000 IT candidates surveyed (47 percent) say IR35 has caused IT contractors to leave the public sector and over three quarters (83 percent) said the private sector is now the most attractive to work in.

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Skills gap costs British employers over £2 billion a year

Skills gap costs British employers over £2 billion a year 0

by • News, Workplace

A shortage of people with the right skills has cost companies more than £2 billion over the past year, despite employment being at a record high, according to the latest findings of The Open University Business Barometer. The study of hundreds of employers found that the majority of businesses have had to pay as much as £527 million above the market rate to recruit skilled workers. At small and medium-sized companies, the average salary increase amounted to £4,150 per recruit. At larger groups, it stood at £5,575. Companies said that they also had faced increased recruitment costs, including paying temporary staff to fill the gap while suitable candidates were found. Nine out of ten said that they had struggled to recruit people with the right skills.

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