Search Results for: salary

November 15, 2016

‘Western’ millennials rate sense of purpose most important job criterion ⁰

by Sara Bean • News, Technology, Workplace

A sense of purpose remains the top priority among ‘Western’ millennials from the United States, United Kingdom, Germany and France; but in the largest emerging economies, including China and India, salary and career advancement remain the most important job criteria, according to the Global Shapers Annual Survey for 2016. While the US, UK and Canada lead the list among young people who would like to live abroad to advance their careers, the United Arab Emirates and China are the most preferred emerging-market countries, the survey from the World Economic Forum survey claims. They came in at 11th and 12th place, respectively, ahead of the Scandinavian countries, all other BRICS (Brazil, Russia, India, China and South Africa) countries and Singapore. One reason for the strong performance of the UAE may be the good prospects for landing a job in the country. While 34 percent of millennials globally identified the lack of economic opportunity and employment as one of the three most serious issues affecting their country – making it the biggest issue of concern after corruption –only one in 10 of the UAE respondents said they see unemployment as a serious issue.

November 11, 2016

Gender pay gap and inequality is fuelling division in the workplace ⁰

by Sara Bean • News, Workplace

Following the United States’ vote against electing their first ever female President, a new port claims that gender inequality in the workplace is still rife and is causing divisions. Men are nearly twice as likely as women to feel comfortable asking for a pay rise (41 percent vs 25 percent) according to research by totaljobs. Taking a UK average across all roles, levels, industries and regions without consideration for job roles, qualifications and experience, women typically expect to get paid a salary of £25,468, compared to £32,030 for men – a difference of £6,562, that’s 20 percent less than men. Similarly, the data showed men get higher annual bonuses too, with 43 percent of men likely to receive a bonus compared to only 38 percent of women. The pay gap can also lead to tensions in the workplace as the research shows that nearly a quarter (23 percent) of women believe their male counterparts are paid more for carrying out the same role, while, 58 percent of men believe men and women receive equal pay, compared to just 44 percent of women.

November 4, 2016

Lack of flexible working a major reason for junior staff’s discontent ⁰

by Sara Bean • Comment, Facilities management, Flexible working, News, Wellbeing, Workplace

As we highlighted last month, it seems that flexible working is becoming the 21st century equivalent of the ‘executive washroom,’ with only the more senior members of staff being afforded that perk. Now a new survey suggests that a lack of opportunity for agile working is one of the reasons why junior members of staff are the least happy people in the workforce. There appear to be a variety of factors contributing to this, including: low pay; individuals feeling overworked yet, significantly, unfulfilled and undervalued and of course the denial of flexible working measures. For Office Genie’s latest research into workplace happiness, UK workers were asked how they felt before and after the working day and junior staff members selected ‘quite negative’ and ‘very negative’ more than any other seniority level. Part of the reason may lie in the fact that 46 percent of junior staff report feeling overworked, however nearly a third admit to not feeling fulfilled (32 percent) or challenged (29 percent).

October 27, 2016

Progress towards closing gender pay gap slows around the world ⁰

by Sara Bean • Legal news, News, Workplace

Women across the globe earn on average just over half of what men earn despite, on average, working longer hours when taking paid and unpaid work into account. The world is facing an acute misuse of talent by not acting faster to tackle this gender inequality, which could put economic growth at risk and deprive economies of the opportunity to develop, warns the World Economic Forum’s Global Gender Gap Report 2016, which is published today. The latest edition of the annual benchmarking exercise that measures progress towards parity between men and women in four areas: Educational Attainment, Health and Survival, Economic Opportunity and Political Empowerment finds that progress towards parity in the key economic pillar has slowed dramatically with the gap – which stands at 59 percent – now larger than at any point since 2008. Aside from salary, another persistent challenge is stagnant labour force participation, with the global average for women standing at 54 percent, compared to 81 percent for men. The UK is ranked 20th overall in the global index and of those countries in Western Europe, the UK falls in the bottom half of the table. In respect of economic participation and opportunity, the UK is ranked 53.

October 19, 2016

Third of new parents in US feel bosses presume they’re less committed ⁰

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

Nearly 70 percent of expectant women and new parents say their employer tops the list of considerations when deciding to start a family. The new US-based study suggests that today’s generation of parents are determined to build families without postponing or abandoning career ambitions, but find themselves faced with an unfriendly and unsupportive environment at work. The third annual report in the Modern Family Index (MFI) series, commissioned by Bright Horizons Family Solutions found that women and men are waiting longer to have children, with the data showing births are down among women in their twenties and up for women over age 35. And though virtually all women surveyed are excited to return to work after a maternity leave, more than one in three new parents report feeling that their boss presumes they are now less committed to work and would prefer if they left.

October 19, 2016

Staff engagement boosted by learning opportunities over benefits ⁰

by Sara Bean • News, Wellbeing, Workplace

It is often assumed that salary, bonuses and office perks are essential to staff engagement as the most important criteria valued by employees, but a new survey suggests otherwise. Instead, the survey by totaljobs found that across all age groups and industries what people value far more than anything else is learning on the job, selected by almost all (97 percent) of 6,829 people questioned. Loyalty and variety in a role, valued by 93 percent of respondents, also came out strong, emphasising that for most people work is about a lot more than a pay check. The need to feel they are progressing, learning new things and the company appreciates their contribution were all important factors in how much people enjoy their jobs. The other things valued most by employees were variety in a role (93 percent); working autonomously (68 percent); perks and benefits (67 percent) and structured teams (64 percent).

October 14, 2016

Many employees remain reluctant to approach bosses for flexible working, claims study ⁰

by Mark Eltringham • Flexible working, News

The sluggish uptake of flexible working following the introduction of new parental leave rights last year, may be down to the reluctance of many employees to ask for it. That is one of the conclusions of a new report from flexible working consultancy My Family Care and recruitment firm Hydrogen. It found that over half (54 percent) UK employees surveyed would like to work from home, but just a third (34 percent) actually do. The report surveyed 1,587 UK employees and 310 UK employers to gauge their attitudes towards and experience of flexible working. It found that over a quarter (28 percent) of employees said they did not feel comfortable even talking to their employer about the subject. Respondents claimed their wariness was down to appearing less committed and the implications for the careers and pay.

October 11, 2016

American workers prefer the 9 to 5 but would take a pay cut in exchange for home working ⁰

by Mark Eltringham • Flexible working, News

According to a new study by researchers at Princeton University and Harvard University, the average American worker is indifferent to flexible working hours and instead prefers a set 40-hour workweek. According to the study, most workers aren’t willing to take even a small pay cut to determine their own working hours. However, if given the option to work from home, many workers — especially women — would take an 8 percent wage cut to do so. The findings, published by the National Bureau of Economic Research (NBER), also show that workers consistently dislike irregular work schedules set by employers on short notice. They would even give up one-fifth of their salary to avoid working evenings or weekends. Nearly half of jobseekers would not take an irregular-schedule job even if it paid a quarter more than a 9 to 5 job. This is true even of workers who currently have irregular work schedules.

October 7, 2016

High earners much more likely to be offered flexible working ⁰

by Sara Bean • Flexible working, News, Workplace

We may all be aware that the way to attract and retain working parents – particularly mothers – is by offering them flexible working options, especially with the growing body of evidence that the gender gap increases among working women with children. But although it’s still a challenge for any working women who aspires to moving up the corporate ladder, they usually have more options than their lower paid colleagues who can’t afford expensive childcare. This is why it’s all the more depressing to learn that it’s only the high earners who are being given the option of flexible working. According to research carried out by charity Working Families to promote National Work Life Week (Oct 3-7), high earning parents who bank more than £70,000 a year are 47 percent more likely to work flexibly than those earning between £10,000 and £40,000. More →

September 28, 2016

Gig economy boosts UK employment rate despite Brexit summer lull ⁰

by Sara Bean • Flexible working, News, Workplace

There were fewer job vacancies on offer in August, due to the traditional summer lull and the after effects of the Brexit vote, but employment levels were maintained by a rise in self-employment and the growing gig economy. The latest UK Job Market Report from Adzuna.co.uk reveals that 1,123,365 job vacancies were advertised in August, dropping 2.7 percent from 1,154,993 in July. The post-Brexit summer period of uncertainty, combined with a seasonal slowing in the market, lay behind this blip, but hiring is 0.6 percent higher than six months ago and the jobs market is proving resilient in the face of political uncertainty. Despite vacancies falling, the employment rate was 74.5 percent – its joint record highest level since comparable records started in 1971, according to the ONS. This has been partly propped up by the rise of the gig economy and growing self-employment as job-seekers look to alternative forms of employment amidst the growing entrepreneurial environment.

September 21, 2016

Millennials no different from their elders in attitudes to the workplace ⁰

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

The portrait often drawn of Millennials is that of a generation which is keen to stand out from that of its elders, and which is difficult to pin down. They’re said to have difficulty accepting a hierarchical structure and no longer view their salary as the only motivating factor but instead are looking for a sense of accomplishment in their work. Yet as we reported recently, the behaviour and expectations of this younger generation has in fact stayed fairly constant. For them, the ideal company has attributes which are actually fairly similar to those cited by their more experienced colleagues. The result of the latest Edenred-Ipsos barometer into the under 30s suggests that for employers, the issue is not so much about dealing with this generation independently of the others, but rather globally rethinking leadership challenges in an environment which is increasingly digitalized, horizontal and multi-task oriented, taking into account individual countries’ cultural differences.

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.